Page 5 - Logistics Program News Today

The third edition of the Future Minerals Forum (FMF), organized by the Ministry of Industry and Mineral Resources, has witnessed the signing of several memoranda of understanding (MoU) between a number of government agencies, companies and institutions participating in the forum. New exploration sites were announced as well as other incentives to promote mining exploration.

Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) signed an agreement with Newlab, a leading company in technology, innovation, and the development of sustainable solutions related to the energy, mining, industrial, and logistics sectors. The agreement, which was signed during the international Future Minerals Forum 2024 in Riyadh, involves the establishment of a regional headquarters in the Kingdom of Saudi Arabia under the name “Nwelapksa”.

The Saudi Ministry of Industry and Mineral Resources announced on Wednesday the preferred bidders in the fourth series of the licensing rounds conducted as part of the Accelerated Exploration Program initiative. The initiative has been designed to effectively leverage the Kingdom’s mineral resources in support of the development and growth of the mining sector, in line with the goals of Saudi Vision 2030 and the National Industrial Development and Logistics Program.

SINGAPORE: Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control, and US Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening, according to Reuters. Brent crude futures were up 31 cents, or 0.4 percent, to $77.90 a barrel, while US West Texas...

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has unveiled plans for 10 new development projects across six industrial cities, collectively valued at over $145 million. They are aimed at facilitating value chain initiatives.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has unveiled the first-ever natural gas storage project in Al-Hawiyah, Unaizah. With a storage capacity of 2 billion cubic feet, this project is a flagship initiative under the National Industrial Development and Logistics Program (NIDLP), a cornerstone of Saudi Vision 2030. Key to this vision is Saudi Arabia’s strategic intent to leverage its geographical advantage and natural resources to foster an economy open to foreign inv...

4IR Center in 2nd Industrial City in Riyadh becomes functional

The General Authority for Small and Medium Enterprises (Monsha'at) has released its latest quarterly SME Monitor, which showed a 3.5% growth in the number of SMEs in Saudi Arabia in Q3 2023, bringing their total number to 1.27 million. With over 40,000 new businesses created across the country in Q3, the monitor indicated that 43.3% of SMEs are now located in the booming financial capital of Riyadh. The Saudi economy, driven by strong non-oil growth of 3.6% in Q3, is now expected to expand ...

Arabic PDFEnglish PDF Manama - 24 October 2023: GFH Financial Group today announced that it has signed to acquire a leading food services and...

Bahrain's GFH has been building up its Saudi investments significantly