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RIYADH: Saudi Arabia’s sovereign wealth fund has invested a total of $1.3 billion in four local construction companies, as part of the fund’s capital increase initiatives. The Public Investment Fund has acquired stakes in Nesma & Partners Contracting Co., El Seif Engineering Contracting Co., AlBawani Holding Co., and Almabani General Contractors Co., according to a press ....
RIYADH: Nesma & Partners Contracting Co., has signed a memorandum of understanding with the Local Content and Government Procurement Authority to support local content efforts within the Kingdom, confirmed a top official. In an exclusive interview with Arab News on the sidelines of the Local Content Forum in Riyadh on Sept. 5, Rami Alturki vice chairman of the firm said ....