RIYADH: The shares of Red Sea International Co.'s rose by four percent at 10:55 Riyadh after it signed a seven-year contract worth SR245.8 million ($65.5 million) with Baker Hughes to design, manufacture, supply and operate three camps in the Eastern region to support its oil drilling operations in the region, according to a bourse filing. Saudi Arabia's stock market traded
Jeddah: The National Agricultural Development Company (NADEC) announced today it had completed construction of the second phase of a solar energy project with the operation capacity of 30 megawatts, according to the company’s filing. The Saudi-based company said that they are preparing to launch their commercial operations soon. In July 2019, the company concluded a solar
RIYADH: Pure Harvest Smart Farms has secured a $64.5 million investment from Korean private equity company IMM, it was announced on Thursday at the Future Investment Initiative in Riyadh. Now one of the highest-funded agribusinesses in the UAE, Pure Harvest aims to use the investment to expand its farms and the advanced technology it uses to further its food security mission