Latest news with #Jubail
Trade Arabia
a day ago
- Business
- Trade Arabia
Lamar, Asyad break ground on major Aramco housing project
Lamar Holding, a leading developer of large-scale PPP projects in the region, has joined hands with its consortium partner Asyad Group for the ground-breaking of Saudi oil giant Aramco's prime residential project - Abu Ali Housing - in the kingdom's Eastern Prrovince. A leading Saudi family conglomerate, Asyad Group has major interests in key sectors including real estate, capital, aviation and investments. Located north of Jubail industrial city, the Abu Ali Housing project features serviced residential compounds that will cater to the needs of 500 employees working at Abu Ali Island. This project marks the third iteration of its significant partnership with Saudi Aramco, the visionary institution focused on the wellbeing of its people, said Lamar in its LinkedIn post. It is being implemented in co-ordination with Asyad Holding Group and its key collaborator Sinohydro and chief lender Riyad Bank. The project is set to be operational in 2027 and has a concession tenor of 20 years, it added. "At Lamar, we've always believed that infrastructure is more than buildings and utilities. It is about people. It's about delivering places that foster dignity, wellbeing, and pride for those who serve in demanding conditions," said a company spokesman. "Building on our successful delivery of the East-West bachelor compound ahead of schedule and within budget, this project continues our consortium's commitment to providing high-quality and accessible housing for Aramco's brave remote staff. We aim to raise the bar and exceed the high standard developed previously," he noted.
Argaam
29-05-2025
- Business
- Argaam
SIIG says additional feedstock allocated
Saudi Industrial Investment Group (SIIG) received on May 28 approval letters from the Ministry of Energy to allocate additional feedstock to utilize the available capacity in its current assets and also support the company's plans to expand its production capabilities. In a statement to Tadawul, SIIG explained that additional ethane was allocated for the expansion of its 65%-owned subsidiary, Saudi Polymers Company (SPCo) in the Jubail Industrial City. This expansion is expected to ramp up the production of end products. SPCo is currently working on related engineering studies and designs for this expansion project. It is anticipated that the expansion will start up by the beginning of 2029. SPCo is expected to benefit from a portion of this allocation before the actual expansion project is completed, as it currently has unutilized capacities. SIIG also received an additional allocation of natural gasoline for its 50:50 joint ventures (JVs), Saudi Chevron Phillips and Jubail Chevron Phillips companies. This should increase the overall production at the entire complex. The JVs are expected to start benefiting from this feed before the end of this year. These additional allocations are expected to have a positive impact on SIIG's financial results gradually over the next three years, as the additional feed becomes available, and may eventually exceed an estimated total of SAR 470 million annually in net profit by the end of the expansion project and startup in 2029, based on forecasted product prices.
Zawya
28-05-2025
- Business
- Zawya
DHL and Hyperview sign MoU to pilot hydrogen-powered truck in Saudi Arabia
Collaboration supports Saudi Vision 2030 and explores feasibility of hydrogen infrastructure to support future logistics rollout Riyadh, Saudi Arabia: DHL Global Forwarding, the leading international provider of air, ocean, and road freight services, has signed a Memorandum of Understanding (MoU) with Hyperview Saudi, a leader in hydrogen mobility, to pilot hydrogen-powered trucks in the Kingdom of Saudi Arabia. This collaboration marks a significant step toward decarbonizing road freight in the region and accelerating sustainable logistics innovation in support of Saudi Vision 2030. The MoU outlines a three-month Proof of Concept (PoC) that will deploy the HTO2.1 hydrogen-powered truck model in Jubail. Fully funded by DHL Global Forwarding, the pilot aims to evaluate the vehicle's operational performance, cost-efficiency, and emissions reduction potential under real-world conditions. With hydrogen trucks, only water vapor comes out of the exhaust. If the hydrogen used is produced with green electricity, the reduction in greenhouse gas emissions can be up to 100%. The HTO2.1 model is designed for long-haul operations and equipped with Level 4 intelligent driving capabilities and a full suite of advanced sensors, including lidar, radar, and cameras. With predictive eco-driving features and aerodynamic enhancements, the vehicle can deliver up to 10% energy savings. It is expected to handle payloads of up to 45 tons and achieve a range of approximately 450 kilometers per hydrogen refill. In Saudi Arabia, the truck will operate on designated logistics routes in Jubail, allowing DHL to evaluate performance in high-temperature, high-demand transport environments. DHL Global Forwarding currently operates a fleet of more than 700 rental vehicles in Saudi Arabia and is actively evaluating hydrogen as a viable long-term alternative to conventional fuels. The pilot, featuring a truck engineered to meet DHL's specific operational needs, will also assess the feasibility of local hydrogen refueling infrastructure and gather key environmental and economic data to support scalable hydrogen adoption in logistics. Hyperview is also engaged with key national stakeholders in the Kingdom to support hydrogen production and the development of the infrastructure needed to refuel these trucks. This MoU supports DHL Group's Sustainability Strategy, which targets net-zero emissions logistics by 2050, and aligns with Saudi Arabia's Vision 2030 strategy, which prioritizes investment in clean energy and more sustainable transportation technologies. 'This pilot reflects DHL's commitment to redefining logistics through sustainable innovation. As we pursue our journey toward net-zero emissions logistics, we are exploring and piloting various alternative drive and fuel solutions worldwide. Particularly concerning road freight and long-haul transport, a technology-agnostic approach is essential for identifying the most effective solutions for decarbonizing transportation. We are pleased to have the opportunity to gather valuable insights and experiences in operations here,' states Sue Donoghue, CEO KSA, DHL Global Forwarding The collaboration also represents a pioneering effort to deploy hydrogen trucks in the Middle East logistics sector, contributing to global decarbonization. 'This pilot builds on our ongoing efforts to introduce hydrogen-powered intelligent heavy-duty trucks in Saudi Arabia. Partnering with DHL allows us to demonstrate how technology-driven logistics can advance national climate objectives. Through this Proof of Concept, we aim to validate hydrogen as a commercially viable and environmentally essential solution for freight movement. Combined with onboard intelligent driving technology, this new truck will also help DHL prevent accident, improve efficiency hence maintain high level of operational excellence,' states Dr. Feilong Liu, CEO Hyperview. 'This pilot is a defining step in building the logistics infrastructure of the future. As an early investor in Hyperview, we believe this collaboration shows how advanced mobility technologies can be deployed locally to address global decarbonization challenges. It also highlights the Kingdom's growing role as a testbed for breakthrough innovations aligned with Vision 2030,' says Raed Twaily, Executive Managing Director, Prosperity7 Ventures. You can find the press release for download as well as further information on About DHL Group DHL Group is the world's leading logistic company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees, investors and green logistics worldwide. To this end, DHL Group is focusing on accelerating sustainable growth in its profitable core logistics businesses and Group growth initiatives. The Group contributes to the world through sustainable business practices, corporate citizenship, and environmental activities. By the year 2050, DHL Group aims to achieve net-zero emissions logistics. DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel, express, freight transport, and supply chain management services as well as e-commerce logistics solutions. Deutsche Post is the largest postal service provider in Europe and the market leader in the German mail market. DHL Group employs approximately 602,000 people in over 220 countries and territories worldwide. The Group generated revenues of approximately 84.2 billion Euros in 2024. The logistics company for the world. About Hyperview Mobility Hyperview Mobility is a global leader in intelligent driving technology, offering fully integrated autonomous driving systems for commercial and passenger vehicles. With mass production experience across 30+ vehicle models and operations in over 15 countries, the company's solutions for L3+ heavy-duty trucks are already deployed in international markets, supported by a team with expertise from global automotive and tech majors. Hyperview is the only autonomous driving company globally to receive investment from Saudi Aramco. Hyperview Saudi, its regional entity, is registered in the Kingdom as Sedik Al-baiya For Logistics Co., Ltd. Media Contact Media Relations Sara Seggari E-mail: On the internet: Follow us at:
Zawya
21-05-2025
- General
- Zawya
Saudi: "Naval Defender 25" exercise concludes in Jubail
JUBAIL — The Saudi Naval Forces and their US counterparts concluded on Monday the "Naval Defender 25" exercise at King Abdulaziz Naval Base, the site of the Eastern Fleet, in Jubail in the Eastern Province. The exercise was part of military cooperation to enhance maritime security, protect territorial waters, and enhance joint combat readiness. During the exercise, the two forces implemented advanced combat scenarios, such as dealing with live ammunition against hostile targets, formations of naval battleships, maritime rescue operations, countering enemy boats and drones, and live firing. The exercise also included training in anti-submarine warfare and naval formations, contributing to enhancing combat readiness in complex maritime environments. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
19-05-2025
- Business
- Argaam
Purity inks SAR 3.5M contract with Royal Commission Health Services Program in Jubail
Purity Tech Co. signed, on May 15, a contract with Royal Commission Health Services Program in Jubail at a value of SAR 3.47 million, including value-added taxes (VAT). In a statement to Tadawul, the company said that the 12-month contract entails implementing the development and maintenance of the unified enterprise resources system project, as part of the company's efforts to support digital transformation and provide technical solutions that enhance the efficiency of administrative and operational systems. The financial impact of the deal will be reflected in H2 2025 and H1 2026, the statement added.
