SAUDI ARABIA > US based Nabors Industries and Saudi Aramco have created a new 50/50 joint venture company called Saudi Aramco Nabors Drilling Company or SANAD

SANAD logo US based Nabors Industries announced the previously agreed 50/50 joint venture between Saudi Aramco and Nabors called SANAD has begun commencement of operations. In an effort to introduce world class industry hubs locally, Saudi Arabia has created anchor projects like SANAD to foster economic growth and job creation. Both Nabors and Saudi Aramco have made equal contributions of cash and/ More …

SAUDI ARABIA > British Billionaire Richard Branson to invest in tourism project in Saudi Arabia Red sea

saudi red sea Founder of Virgin group, Richard Branson becomes the first international investor to commit to Saudi Arabia’s Red Sea project that will transform a 200 kilometer stretch of Red Sea Coastline into a luxury destination. The stretch will feature hotels, residences and transport hubs. The initial investment for the project will be from Saudi Arabia’s sovereign wealth fund, The Public Investment More …