Al Yamamah Steel inks SAR 167.6M contract for tower supply
Al Yamamah Steel Industries Co. signed today, May 29, a contract with Trading & Development Partnership Co. for supplying steel towers, at a value of SAR 167.64 million.
In a statement to Tadawul, the company indicated that the steel towers will be used to establish a 380 kV ultra-high voltage line for the Western Region.
The contract term is one year, said the company, adding that the supplying to the project will start in August, 2025.
The related financial impact is expected to begin reflecting on the company's financial statements in Q4 2025. There are no related parties to the deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
6 hours ago
- Arab News
Saudi Press Agency launches Saudi Photo Platform to expand global access to visual archive
MAKKAH: Saudi Arabia's minister of media and chairman of the Saudi Press Agency, Salman bin Yousef Al-Dosari, on Wednesday launched the Saudi Photo Platform, a new digital initiative designed to offer free access to SPA's vast archive of authenticated images. Unveiled during the second edition of the Hajj Media Forum at the Makkah Chamber of Commerce and Industry's Exhibition and Events Center, the platform will allow users worldwide to browse, use, and share images under the Creative Commons Attribution-ShareAlike 4.0 License. The forum was attended by local and international media representatives. Acting SPA President Ali bin Abdullah Al-Zaid said the platform reflected its strategy to make its visual archive more widely available to content creators around the globe, while preserving intellectual property rights and promoting creativity in a regulated digital environment. He added that launching the platform from Makkah held symbolic significance, reinforcing the city's historic role in conveying Saudi Arabia's message to the world, and said it marked an important step toward enhancing the Kingdom's visual presence in the digital space. The Saudi Photo Platform, which can be reached on features high-resolution images, sorted by category and accompanied by detailed metadata, including event descriptions and publication dates. The archive is continuously updated to document key national and international events, and the site is fully supported in both Arabic and English. The initiative is part of SPA's broader digital transformation agenda, aimed at modernizing publishing tools and fostering new partnerships with media outlets and online users worldwide, it said.
Arab News
7 hours ago
- Arab News
3,500 products, 25 countries: Saudi Warehousing Expo concludes
The Saudi Warehousing and Logistics Expo was held last week in Riyadh under the patronage of the Ministry of Transport and Logistic Services. The event, which took place at Riyadh International Convention and Exhibition Center from May 27-29, showcased more than 3,500 products, solutions, systems and services to improve supply chain efficiency across warehousing, transport and logistics. The exhibition opened with a formal inauguration by the Ministry of Transport and Logistic Services, graced by Vice Minister of Transport and Logistic Services Dr. Rumaih bin Mohammed Al-Rumaih. A strong lineup of government entities participated under the ministry, including Saudi Arabia Railways, Roads General Authority, General Authority of Civil Aviation, Saudi Post SPL, Transport General Authority and Saudi Ports Authority. The exhibition featured exhibitors from more than 25 countries. Some of the top exhibiting brands included Swisslog, a global leader in intralogistics, warehouse automation and material handling; El-Ajou, a Saudi enterprise delivering integrated digital solutions and workspace services that enhance operational efficiency; SAL Logistics, a leading logistics and supply chain services provider in the Kingdom; and Savoye, a technology solutions provider in logistics and warehousing, among others. An invite-only gathering on May 27, Saudi Warehousing and Logistics Summit was headlined by more than 40 influential voices shaping the future of warehousing and logistics in the Kingdom. The CPD-accredited program explored key themes including AI integration, infrastructure transformation, ESG and future workforce development, all aligned with Vision 2030. Focused on strategy, collaboration and long-term value creation, the summit offered critical insight into the sector's next phase of growth. On May 28-29, Hala Chats presented fast-paced sessions tackling operational challenges through case studies, panels and success stories from Saudi Arabia's logistics and warehousing ecosystem. With contributions from industry leaders at Swisslog Middle East, Smartlog MEA, Dematic, Kaden, Shipsy and more, the program offered visitors an opportunity to gain practical insights and learn how leading organizations are responding to real-world demands. Showcasing Saudi Arabia's $6.7 billion commercial vehicle market, Commercial Vehicles Zone highlighted manufacturers, fleet solutions, electric vehicles and alternative fuel technologies and more. Brands such as Toyota, Abdul Latif Jameel Motors, Bin-Shihon and Petromin — Foton headlined the exhibition. Sponsored by SADR Logistics Services, Demo Hub featured a live, intelligent shuttle system that handles real-time pallet and container movement with seamless integration into warehouse control and management systems, using RFID and barcode scanning. The setup includes high-density pallet shuttles and container shuttles for fast goods-to-person picking, offering a first-hand view of warehouse automation. Powered by Rfufco, Pack n Stack Challenge encouraged visitors to test their speed, precision and stacking skills in a fast-paced logistics simulation.
Al Arabiya
8 hours ago
- Al Arabiya
Trump says Iran ‘slowwalking' as Khamenei opposes nuclear proposal
US President Donald Trump accused Tehran on Wednesday of 'slowwalking' on a nuclear deal, after Iran's Supreme Leader Ali Khamenei said the latest proposal from Washington was against Iran's national interest. The longtime foes have held five rounds of talks since April to thrash out a new accord to replace the deal with major powers that Trump abandoned during his first term in 2018, but sharp differences remain over whether Tehran can continue to enrich uranium. On Saturday, Iran said it had received 'elements' of the US proposal through Omani mediators, the details of which have not been publicly disclosed. 'The proposal presented by the Americans is 100 percent against' notions of independence and self-reliance, Khamenei said in a televised speech, invoking ideals of the 1979 Islamic Revolution. 'Independence means not waiting for the green light from America and the likes of America.' Iran's enrichment of uranium has emerged as a major point of contention. Trump said on Monday his administration would not allow 'any' enrichment, despite Tehran's insistence it is its right under the nuclear non-proliferation treaty. In a post on Truth Social on Wednesday, Trump said he spoke with Russian President Vladimir Putin who 'suggested that he will participate in the discussions with Iran.' 'It is my opinion that Iran has been slowwalking their decision on this very important matter, and we will need a definitive answer in a very short period of time!' Trump said. Low-level enrichment Khamenei said enrichment is 'key' to Iran's nuclear program and that the United States 'cannot have a say' on the issue. 'If we have 100 nuclear power plants but don't have enrichment, they will be of no use to us,' because 'nuclear power plants need fuel' to operate, he said. The New York Times reported Tuesday that the US proposal includes 'an arrangement that would allow Iran to continue enriching uranium at low levels' as the US and other countries 'work out a more detailed plan intended to block Iran's path to a nuclear weapon.' It said the proposal would see the United States facilitating 'the building of nuclear power plants for Iran and negotiate the construction of enrichment facilities managed by a consortium of regional countries.' Iran has previously said it is open to temporary limits on its enrichment of uranium, and is willing to consider the establishment of a regional nuclear fuel consortium. But it has stressed that such a consortium is 'in no way intended to replace Iran's own uranium enrichment program' Iran's chief negotiator, Foreign Minister Abbas Araghchi, said in a Wednesday post on X: 'No enrichment, no deal. No nuclear weapons, we have a deal.' Iran currently enriches uranium to 60 percent, far above the 3.67-percent limit set in the 2015 deal but still short of the 90 percent threshold needed for a nuclear warhead. 'Less than satisfactory' The UN nuclear watchdog, the International Atomic Energy Agency, said in its latest quarterly report last week that Iran had further stepped up its production of highly enriched uranium. In a separate report, it also criticized 'less than satisfactory' cooperation from Tehran, particularly in explaining past cases of nuclear material found at undeclared sites. The reports came ahead of a planned IAEA Board of Governors meeting in Vienna later this month which will review Iran's nuclear activities. Washington and other Western governments have continued to accuse Iran of seeking a nuclear weapons capability. Iran insists its program is for peaceful purposes only. The 2015 deal provided Iran with relief from international sanctions in return for UN-monitored restrictions on its nuclear activities. Trump reimposed US sanctions when he quit the agreement in 2018 and has since tightened them with secondary sanctions against third parties who violate them. Britain, France and Germany, the three European countries who were party to the 2015 deal, are currently weighing whether to trigger the sanctions 'snapback' mechanism in the accord. The mechanism would reinstate UN sanctions in response to Iranian non-compliance – an option that expires in October. Iran has criticized the IAEA report as unbalanced, saying it relied on 'forged documents' provided by its arch foe Israel.
