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Saudi Arabia plans to set up $10 billion oil refinery in Gwadar by year-end

Director General of Gwadar Development Authority (GDA) Shahzeb Khan Kakar said, “The planning for the mega oil city which will host an Aramco refinery and petrochemical complex is in progress, and we will take six to seven months to complete the masterplan.” He added that fisheries, an oil refinery, petrochemical complexes, a shipyard, the tourism […]

BGC expands interest in packaging

BG Container Glass (BGC), a maker and distributor of glass containers, is preparing to make deals worth 1.65-billion-baht to acquire two companies in a bid to fuel its growth and become a leader in total packaging solutions. The expansion, which allows it to offer a wide range of packaging products apart from glass containers, is […]

Robots, AI could double size of Saudi economy to $1.6 trillion: Special report

Saudi Arabia had the potential to double the size of its economy to $1.6 trillion and add an extra $293 billion by 2030 if it fully adopted intelligently automated systems in all sectors, a report has revealed. The buoyant outlook for the Kingdom came from research commissioned by Automation Anywhere, a global specialist in robotic process […]