Economy of Saudi Arabia

Saudi Arabia Commercial Interior Fit Out Market Report 2022: Demand Due to Mega Projects Fueling 12.76% Annual Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 5, 2022
Construction & Property, Interior Design, Adoption, Education, Time, Printing, Efficiency, Growth, Urban, CAGR, 3D, Technology, NEOM, Red Sea, Social media, Economy of Saudi Arabia, Mall, Interior design, Health care, Retail, Ownership

The expansion and development of several mega projects in Saudi Arabia are expected to raise the need for commercial interior fit out services in the country.

Key Points: 
  • The expansion and development of several mega projects in Saudi Arabia are expected to raise the need for commercial interior fit out services in the country.
  • The Saudi Arabia Commercial Interior Fit Out Market is anticipated to grow significantly as a result of such massive projects constructed for commercial purposes.
  • The Saudi Arabia Commercial Interior Fit Market is anticipated to grow as a result of the increased demand for luxurious interiors such as bedrooms, bathrooms, and kitchens.
  • Therefore, it is anticipated that 3D printing will become a major trend in the Saudi Arabia Commercial Interior Fit Out Market.

Aramco Americas commits $5 million for critical needs in communities recovering from Hurricane Ida

Retrieved on: 
Saturday, September 4, 2021
Companies of Saudi Arabia, Dhahran, Economic history of Saudi Arabia, Saudi Aramco, Oil and gas companies, Economy of Saudi Arabia

HOUSTON, Sept. 3, 2021 /PRNewswire/ --Aramco Americas announced on Friday it will donate $5 million to support relief efforts, in communities impacted by Hurricane Ida, that provide food, water, shelter, and other critical needs.

Key Points: 
  • HOUSTON, Sept. 3, 2021 /PRNewswire/ --Aramco Americas announced on Friday it will donate $5 million to support relief efforts, in communities impacted by Hurricane Ida, that provide food, water, shelter, and other critical needs.
  • "This support will help provide much needed assistance to communities affected by the storm," said Nabeel I. AlAfaleg, Aramco Americas President & CEO.
  • "Aramco Americas has a long track record of supporting communities with urgent needs, and this donation is part of our commitment to contribute positively to the well-being of communities."
  • Aramco Services Company (d/b/a Aramco Americas) is the U.S.-based subsidiary of Saudi Aramco, a world leader in integrated energy and chemicals, and has had a presence in the U.S. for more than 60 years.

FORTUNE Releases Annual Fortune Global 500 List

Retrieved on: 
Monday, August 2, 2021
Companies of Saudi Arabia, Economic history of Saudi Arabia, Dhahran, Saudi Aramco, Fortune Global 500, Companies, Economy of Saudi Arabia, Gross domestic product, Fortune 500

NEW YORK, Aug. 2, 2021 /PRNewswire/ -- Today, FORTUNE announced the FORTUNE Global 500 for the 2020 fiscal year, ranking the world's largest corporations by revenue. Walmart claimed the top spot for the eighth consecutive year, and for the 16th time since 1995. Mainland China (including Hong Kong) once again has the most companies on the list, up 11 from last year with 135. Adding Taiwan, the total for Greater China is 143. The U.S. is up one with 122, and Japan held steady with a total of 53. The companies on the 2021 list are based in 220 cities and 31 countries around the world. This year there are 23 women CEOs of FORTUNE Global 500 companies, nine more than last year.

Key Points: 
  • FORTUNE Global 500 companies generated revenues totaling $31.7 trillion--more than one-third of the world's GDP.
  • FORTUNE Global 500 companies generated revenues totaling more than one-third of the world's GDP.
  • 6) netted $57 billion inprofits, andis the FORTUNE Global 500's most profitable company in 2021, ending Saudi Aramco's (No.
  • THE FORTUNE GLOBAL 500 TOP 10LIST:

FORTUNE Releases Annual Fortune Global 500 List

Retrieved on: 
Monday, August 2, 2021
Companies of Saudi Arabia, Economic history of Saudi Arabia, Fortune Global 500, Saudi Aramco, Companies, Global 500, Economy of Saudi Arabia

NEW YORK, Aug. 2, 2021 /PRNewswire/ -- Today, FORTUNE announced the FORTUNE Global 500 for the 2020 fiscal year, ranking the world's largest corporations by revenue. Walmart claimed the top spot for the eighth consecutive year, and for the 16th time since 1995. Mainland China (including Hong Kong) once again has the most companies on the list, up 11 from last year with 135. Adding Taiwan, the total for Greater China is 143. The U.S. is up one with 122, and Japan held steady with a total of 53. The companies on the 2021 list are based in 220 cities and 31 countries around the world. This year there are 23 women CEOs of FORTUNE Global 500 companies, nine more than last year.

Key Points: 
  • FORTUNE Global 500 companies generated revenues totaling more than one-third of the world's GDP.
  • 6) netted $57 billion inprofits, andis the FORTUNE Global 500's most profitable company in 2021, ending Saudi Aramco's (No.
  • Using it as a catalyst, the Global 500 showed the world how to adapt, evolve, and reinvent themselves.
  • THE FORTUNE GLOBAL 500 TOP 10LIST:

Saudi Arabia Construction Market Report 2021: Key Trends and Opportunities to 2025, Q2 2021 Update - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 20, 2021
Construction & Property, Other Construction & Property, Countries, Western Asia, Asia, Kingdoms, Saudi Arabia, Economy of Saudi Arabia

The "Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q2 2021)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q2 2021)" report has been added to ResearchAndMarkets.com's offering.
  • Saudi Arabia's construction industry is forecast to recover in 2021, growing by 2.9% in 2021, after contracting by 0.4% in 2020.
  • The industry is projected to continue to recover over the remainder of the forecast period, growing by 4% between 2022-2025.
  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Saudi Arabia, featuring details of key growth drivers.

Streamlining the Supply Chain for the Future of World Energy - VALYNT Secures Contract with ESSCO to Provide Saudi Aramco with Proprietary Chemicals Related to Production and Refinement of Petroleum Products

Retrieved on: 
Monday, July 12, 2021
Companies of Saudi Arabia, Economic history of Saudi Arabia, Dhahran, Saudi Aramco, Petroleum industry, Economy of Saudi Arabia

"We are incredibly proud to announce our role in helping Saudi Aramco power the world," said Smith.

Key Points: 
  • "We are incredibly proud to announce our role in helping Saudi Aramco power the world," said Smith.
  • We're dramatically lowering real-world costs for our partners and doubling the delivery efficiency of critical raw materials and products, from oil to steel."
  • One of the fastest-growing supply chain companies, VALYNT provides high-efficiency oilfield additive products in bulk quantities at less cost.
  • VALYNT partners include Saudi Aramco, Kuwait Oil Company, Kataman Metals, ESSCO Energy Supply & Services Company, Alton Steel Inc. and Liberty Steel and Wire.

FII Institute Announces 5th Anniversary Edition of FII, to Be Held 26-28 October Under "Invest in Humanity" Theme

Retrieved on: 
Monday, June 28, 2021
Other Professional Services, Accounting, Professional services, Finance, Economy of Saudi Arabia, Future Investment Initiative, FII, Yasir Al-Rumayyan, Public Investment Fund, Articles, Economy, Events, the Future Investment Initiative, FII Institute (Future Investment Initiative Institute), THE FUTURE INVESTMENT INITIATIVE, FII INSTITUTE (FUTURE INVESTMENT INITIATIVE INSTITUTE)

This will be the core discussion of the 5th anniversary edition of the Future Investment Initiative (FII), which will take place in Riyadh on 26-28 October 2021 under the theme "Invest in Humanity".

Key Points: 
  • This will be the core discussion of the 5th anniversary edition of the Future Investment Initiative (FII), which will take place in Riyadh on 26-28 October 2021 under the theme "Invest in Humanity".
  • With an inclusive agenda, FII has quickly proved its effectiveness as a global platform for cross-border collaboration in service of humanity.
  • Yasir Al-Rumayyan, Chairman of the FII Institute board of trustees and Governor of the Public Investment Fund.
  • The Neo-Renaissance of the global economy, which we explored in January during the fourth edition of FII, is now emerging, and the FII fifth anniversary edition will be a unique call to action."

GPA Midstream Association Honors Three with Environmental Excellence Awards

Retrieved on: 
Tuesday, June 22, 2021
Companies of Saudi Arabia, Dhahran, DCP Midstream Partners, GPSA, Saudi Aramco, Economy of Saudi Arabia

TULSA, Okla., June 22, 2021 /PRNewswire/ -- GPA Midstream Association announced today that members DCP Midstream (Denver) and Saudi Aramco (Dhahran, Saudi Arabia) are recipients of its 2021 Environmental Excellence Award, while Energy Transfer's Dual Drive Technologies (Dallas) receives the award among affiliated GPSA Midstream Suppliers (GPSA) membership.

Key Points: 
  • TULSA, Okla., June 22, 2021 /PRNewswire/ -- GPA Midstream Association announced today that members DCP Midstream (Denver) and Saudi Aramco (Dhahran, Saudi Arabia) are recipients of its 2021 Environmental Excellence Award, while Energy Transfer's Dual Drive Technologies (Dallas) receives the award among affiliated GPSA Midstream Suppliers (GPSA) membership.
  • GPA Midstream criteria for the award are based on outstanding environmental initiative and leadership; GPSA's award category focuses on innovative environmental solutions.
  • The Environmental Excellence Award is determined through an application, review and selection process managed by the GPA Midstream Environmental Committee.
  • GPA Midstream will celebrate Environmental Excellence Award recipients and the association's 100th anniversary at the 2021 GPA Midstream Convention to be held in-person in San Antonio, Sept. 26 - 29.

Saudi Aramco Energy Ventures Invests in Energy Vault

Retrieved on: 
Wednesday, June 2, 2021
Technology, Venture capital, Utilities, Oil, Gas, Professional services, Alternative energy, Software, Energy, Hardware, Companies of Saudi Arabia, Economic history of Saudi Arabia, Energy, Dhahran, Saudi Aramco, Economy of Saudi Arabia, Energy Vault, Energy storage, Saudi Aramco Energy Ventures, Energy Vault, SAUDI ARAMCO ENERGY VENTURES, ENERGY VAULT

Energy Vault , the creator of renewable energy storage products that are transforming the worlds approach to utility-scale energy storage for grid resiliency, today announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of global integrated energy and chemicals company Aramco (TADAWUL: SAUDI ARAMCO).

Key Points: 
  • Energy Vault , the creator of renewable energy storage products that are transforming the worlds approach to utility-scale energy storage for grid resiliency, today announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of global integrated energy and chemicals company Aramco (TADAWUL: SAUDI ARAMCO).
  • We are excited to help Energy Vault further accelerate the global deployment of its technology, said Mahdi Aladel, CEO of Aramco Ventures.
  • Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Aramco, the worlds leading fully integrated energy and chemical enterprise.
  • Saev.com
    Energy Vault is the creator of renewable energy storage products that are transforming the worlds approach to utility-scale energy storage for grid resiliency.

Saudi Arabia Pallets Markets, 2017-2020 & 2021-2027 by Material Type, End-User, Regions and Competitive Landscape - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 29, 2021
Other Manufacturing, Manufacturing, Economic history of Saudi Arabia, Countries, Freight transport, Packaging, Western Asia, Asia, Pallet, Economy of Saudi Arabia, Saudi Arabia, Saudi Vision, Warehouse

b'The "Saudi Arabia Pallets Market (2021-2027): Market Forecast by Material Type,?by End-User, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com\'s offering.\nSaudi Arabia pallets market size is projected to grow at a CAGR of 5.3% during 2021-27.\nThe Saudi Arabia Pallets market grew at a moderate pace during the period 2017-2020 as a result of improvement in the Saudi economy supported by the growth in both, oil and non-oil sector.

Key Points: 
  • b'The "Saudi Arabia Pallets Market (2021-2027): Market Forecast by Material Type,?by End-User, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com\'s offering.\nSaudi Arabia pallets market size is projected to grow at a CAGR of 5.3% during 2021-27.\nThe Saudi Arabia Pallets market grew at a moderate pace during the period 2017-2020 as a result of improvement in the Saudi economy supported by the growth in both, oil and non-oil sector.
  • However, the ongoing pandemic COVID-19 slowed down the growth of the market during the year 2020 as a result of the decline in demand during the lockdown period across the country.\nDespite the slowdown in the market during the lockdown period, the pallets market began to recover in the latter part of the year on the back of reopening of commercial activities and thus, rising industrial and commercial demand for pallets.\nThe market revenues are anticipated to witness substantial growth in the coming years, on account of strong growth in the construction, manufacturing, retail and industrial sectors in line with the Saudi Vision 2030, which would augment the demand for pallets, as the pallet helps to cut down the clutter while storing the intermediate goods or the finished products in a warehouse.\nMoreover, the continued positive performance of the non-oil sector such as manufacturing and food & beverage industry, along with the continued government efforts to boost domestic production and rising food exports from the country, would further enhance the pallets market revenues in Saudi Arabia during the forecast period.\nThe pallets market revenues in Saudi Arabia would witness a boost over the coming years, owing to the government policies shifting in favour of economic diversification, open economy and encouraging private investment which would embark a positive influence on the industrial sector in the country which would augment pallet use.\nFurther, the government investment to increase international trade and the growing e-commerce sector would bolster the pallet market growth during the forecast period.\nBased on material type, wood pallets accounted for the majority of the revenue share in 2020 and would continue to maintain their dominance during the forecast period on account of their superiority in terms of capacity to hold more weight.
  • Furthermore, low cost, easy repair and reuse are some of the advantages of wood pallets, thus making them more preferable over the other form of pallets.\nThe Saudi Arabia pallets market report thoroughly covers the market by material type, end-user and regions.
  • The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.\nHistorical Data and Forecast of Saudi Arabia Pallets Market Revenues for the Period 2017-2027.\nHistorical Market Data and Forecast of Revenues, by Material Type for the Period 2017-2027.\nHistorical Market Data and Forecast of Revenues, by End User for the Period 2017-2027.\nHistorical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.\n'