Aug 13, 2026
KSA This Week: 1,600+ Foreign Contractors Enter the Market, Maaden's Profit Jump, and PIF's $2bn Deal
This week from the Kingdom: more than 1,600 foreign contractors have now entered the Saudi market — among some 140,000 registered firms — as the contracting pipeline heads toward SR3 trillion. Mining champion Maaden lifted second-quarter profit 13 percent, Saudi Energy grew first-half revenue 11 percent, and PIF signed a $2 billion infrastructure deal with I Squared. Industrial investment topped $20 billion with more than 1,660 new factory licences
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