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RIYADH: Saudi stocks bucked a regional trend to start the week higher on Sunday, mirroring oil market gains ahead of Monday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The Tadawul All Share Index edged up 0.4 percent to finish at 12,194, while the parallel Nomu market jumped 1.5 percent to 21,640. Apart from Saudi Arabia,
Saudi Water Partnerships Company (SWPC) has issued request for proposals (RFP) to the pre-qualified bidders for the Rayis-Rabigh Independent Water Transmission Pipeline (IWTP) project that has a transmission capacity of 500,000 cu m per day.
RIYADH: Alkhorayef Water and Power Technologies Co. is expected to record SR840 million ($224 million) in revenue for 2022, as it currently has SR4 billion worth of projects in its pipeline. The company’s CEO, Rami Moussilli, told Argaam that revenue is anticipated to grow to SR480 million in the second half of the year, and hit as high as SR1.25 billion in the following year.
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Clean energy businesses are poised for growth in 2022 despite supply chain limitations, increased shipping costs, and rising prices for key commodities due to inflation.