Saudi Arabia has imposed definitive anti-dumping duties between 15.8 percent and 38.7 percent on Chinese aluminum beverage can lids. The five-year measure took effect on October 13, 2026, covering closures with diameters from 50 to 63 millimeters. The Zakat, Tax and Customs Authority has been tasked with collecting the duties.
A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.
Chinese manufacturer Dalipal Holdings has signed a 25-year land lease with King Salman Energy Park in Saudi Arabia. The company plans an overall investment ambition of approximately $2.1 billion to build a smart manufacturing facility for energy equipment. The site will produce seamless steel pipes, oil country tubular goods, and hydrogen transmission pipelines.
Five Gulf Cooperation Council states are seeking a Schengen visa exemption for their citizens ahead of an upcoming bilateral summit in Riyadh. The Economic Times reports that the discussions apply exclusively to national passport holders rather than foreign residents living in the Gulf. The United Arab Emirates currently remains the only GCC member country with established visa-free Schengen access.
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