Saudi Arabia?s Public Investment Fund (PIF) has purchased a 38 per cent stake in South Korean steel manufacturer Posco?s subsidiary Posco E&C for US$1.1bn, and will form a joint venture company in the Kingdom of Saudi Arabia
Construction
HIMA to diversify portfolio in non-hydrocarbon markets
![Its a conscious decision by the company to expand its presence in sectors such as construction and infrastructure, in addition to power and energy. (Image source: Cramogroup/Flickr)](/images/TRME-HIMA.jpg)
Its a conscious decision by the company to expand its presence in sectors such as construction and infrastructure, in addition to power and energy. (Image source: Cramogroup/Flickr)
HIMA Middle East FZE, a provider in automated safety solutions, is looking to diversify its presence in non-hydrocarbon markets in addition to its existing business strategy
Castolin Eutectic expands presence in Saudi Arabia
![Officials from Castolin Eutectic and TACO sign the joint venture agreement. (Image source: Castolin Eutectic)](/images/CastolinEutectic.jpg)
Officials from Castolin Eutectic and TACO sign the joint venture agreement. (Image source: Castolin Eutectic)
Through a new Saudi Arabian subsidiary, Castolin Eutectic will expand its presence in the country?s growing OilTec business and cater to the drilling demands put forth by local oil manufacturers
UAE ?blank canvas? for developers, says Aurecon boss
![The UAE is one of the biggest growth markets for planning and construction companies. (Image source: BASF/Flickr)](/images/UAE_blank_canvas_for_developers_says_Aurecon_boss.jpg)
The UAE is one of the biggest growth markets for planning and construction companies. (Image source: BASF/Flickr)
Aurecon?s former UAE country manager has said the UAE is a ?blank canvas? for developers
Saudi Arabian firm to invest in Egypt?s commercial sector
![Al-Khodari Sons and Company primarily engages in civil engineering projects and develops roads. (Image source: ShashiBellamkonda/Flickr)](/images/roadsaudi-ShashiBellamkonda-flickr.jpg)
Al-Khodari Sons and Company primarily engages in civil engineering projects and develops roads. (Image source: ShashiBellamkonda/Flickr)
Saudi Arabian company Al-Khodari Sons Company is set to make a foray into the Egyptian market and eventually double its US$453mn-strong investment with infrastructure projects