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News & Activities in Saudi Arabia and the Middle East Region
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SABIC

  • SABIC has been named Chemical Company of the Year by the Chemical Industries Association in the UK for the company’s growth and ongoing economic importance. The Northern Echo. 12-7-16
  • SABIC developed the first of a new generation of Flowpact polypropylene impact copolymers to make injection-molded rigid packaging stronger and less expensive. Food Navigator-Asia. 20-7-16
  • SABIC’s lightweight polycarbonate (PC) materials for window glazing reduced the weight of the rear quarter window of Toyota's special edition 86 GRMN sports car by 50%. DesignNews. 22-7-16
  • SABIC is studying the possible launch of a jointly owned petrochemicals complex with an affiliate of U.S. Exxon Mobil on the U.S. Gulf Coast. Reuters. 25-7-16
  • Egypt has cancelled its plan to impose a tariff on Egyptian imports of polyethylene terephthalate (PET) imports from SABIC. Saudi Gazette. 18-7-16
  • SABIC hosted a three-day engineering “summer school” for undergraduate students from Teesside University in the UK. neconnected.co.uk. 21-7-16
  • SABIC announced a $1 million endowment for the Berkshire United Way ahead of the company’s exit from its Pittsfield, Mass., USA location. WAMC Radio. 22-7-16

  CONSTRUCTION

  • Saudi Arabia’s real estate sales have fallen to a 10-year low, believed to be caused by the recent announcement of the “white land fees” regulation. Construction Week Online. 24-7-16
  • Jacobs Engineering Group Inc. received a three-year contract from Saudi International Petrochemical Co. to provide general engineering services at the Jubail Industrial City facilities in the KSA.Energy Global. 15-7-16
  • The Dutch firm Royal HaskoningDHV was appointed by the Saudi Trade and Export Development Company to provide master planning and consulting engineering services for its new state-of-the-art logistics park in Jeddah, KSA. Trade Arabia. 22-7-16
  • Germany-based Thyssenkrupp was awarded a contract to supply 251 elevators and 390 escalators for Lines 1 and 2 of the Riyadh Metro in Saudi Arabia. IFP Info. 12-7-16

  ENERGY

  • The total value of power generation construction projects in the pipeline in MEA is $876.6 billion US, with Saudi Arabia accounting for $275.5 billion alone, the most of any country in the region.Technical Review Middle East. 19-7-17
  • Construction began on a $2.1bn industrial gas complex in Jazan, Saudi Arabia, which is slated to become the largest such facility in the world. Saudi-U.S. Trade Group. 13-7-16
  • A venture between Arab Petroleum Investment Corp. and the National Shipping Co. of Saudi Arabia will create the world’s largest fleet of oil tankers for the Kingdom’s oil exports. Bloomberg. 18-7-16
  • Saudi Arabia is increasing natural gas output, with a goal of expanding gas production capacity in the next decade to 23 billion standard cubic feet per day. The Wall Street Journal. 20-7-16
  • Saudi Aramco signed four engineering contracts to build its SR50bn Fadhili gas processing plant, the first program in the KSA to treat gas from both onshore and offshore fields. The National. 20-7-16
  • Siemens shipped its first “made-in-KSA” gas turbines to the Integrated Gasification Combined Cycle power plant in Jazan, Saudi Arabia. Saudi Daily Record. 20-7-16
  • Saudi Arabia regained its ranking over Russia as China’s top oil supplier, with China importing 4.569 million tons of crude from Saudi Arabia in June. Gulf News. 21-7-16
  • Iraq has overtaken Saudi Arabia as the top seller of oil to India. Business Standard. 25-7-16

  TRANSPORTATION

  • SABIC’s lightweight polypropylene (PC) materials for window glazing reduced the weight of the rear quarter window of Toyota's special edition 86 GRMN sports car by 50%. DesignNews. 22-7-16
  • The Saudi Arabian automotive industry has suffered approximately SR2 billion in losses due to the dramatic increase in counterfeit spare parts in the local market. Saudi Gazette .12-7-16
  • German-based Eberspaecher Suetrak won two major orders in Saudi Arabia and Qatar to outfit more than 100 buses with compact, roof-mounted air-conditioning systems specially adapted to harsh desert conditions. ET Auto. 25-7-16

  CONSUMER

  • Fashion magazine Vogue Arabia named Saudi Princess Deena Abdulaziz Aljuhani its editor-in-chief. Al Bawaba. 12-7-16
  • Tourism is poised to generate revenue and employment in Saudi Arabia as the government relaxes visa requirements and renovates historical and heritage sites. IFP Info. 16-7-16
  • The number of unemployed in Saudi Arabia is 680,200, which represents 5.6 percent of the total labor force in the country. Arab News. 20-7-16
  • Private-sector salaries in KSA are forecasted to increase by 20-30% over the next five years due to heightened foreign investment and privatization within the public sector. Arabian Business. 21-7-16

TRADE & FOREIGN DIRECT INVESTMENT

  • How the KSA business community is reacting to Saudi Vision 2030. Al Arabiya-English. 20-7-16
  • UAE-based DC Pro Engineering has partnered with Taqnia Energy, a subsidiary of the Saudi Technology Development and Investment Company, to grow new business projects in district cooling and renewable energy in Saudi Arabia. Utilities-ME. 20-7-16
  • The Ministry of Commerce and Investment issued electronic commercial registrations to 303 companies within 24 hours following the launch of its new e-services program to make e-government services more convenient for all and to reduce paperwork. Arab News. 25-7-16

FOREIGN POLICY

  • Saudi Foreign Minister Adel al-Jubeir said the KSA would welcome effective Russian participation in the fight with Islamic State in Syria. Reuters. 15-7-16
  • Responding to the recent terrorist attack on the French city of Nice, Saudi King Salman said Saudi Arabia will stand by the world community in confronting all forms of terrorism. Al Arabiya. 19-7-16
  • Riyadh Day will be held on September 26-30 at the United Nations in New York, USA, to highlight the developmental aspects of Riyadh and aspects related to United Nations programs. Arab News. 20-7-16
  • Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman met with U.S. Secretary of Defense Ash Carter at an anti-ISIS meeting in Washington, D.C., to discuss coalition progress related to the fight against ISIS. Al Arabiya. 21-7-16

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