National Energy Services Reunited Corp. (NESR), a provider of integrated energy services in the Middle East and North Africa region, through its subsidiary, National Oil Technology Company, has signed an agreement with Dhahran Techno Valley Company (DTVC), a wholly owned subsidiary of King Fahd University of Petroleum and Minerals (KFUPM). The agreement calls for the creation of a global center for the development of scientific research in DTVC.
The agreement was signed by Prof. Dr. Sahel N. Abduljauwad, acting rector of KFUPM, and chairman of the board of directors of Dhahran Techno Valley Company, and Sherif Foda, CEO and chairman of NESR, in the presence of senior management of Saudi Aramco led by Dr. Mohammed Y. Al-Qahtani, senior vice president for Upstream, Saudi Aramco and chairman of the DTVC Advisory Committee. The signing ceremony was held at the KFUPM’s headquarters in Dhahran.
Prof. Dr. Abduljauwad said: “We are very proud to have NESR join Dhahran Techno Valley and I am very pleased to see this level of investment from NESR to promote scientific research and local content in the energy sector in Saudi Arabia. I am confident that NESR will add significant value to Dhahran Techno Valley and the Saudi oil and gas industry with this investment and commitment.”
He added: “Dhahran Techno Valley brings together the largest number of national and international energy companies in one place and is now the largest of its kind in the world. Techno Valley provides the necessary infrastructure, services, and the appropriate climate to incubate the development of new technologies as part of the implementation of the Saudi Vision 2030.”
Dr. Qahtani said: “We are very pleased to see NESR as the first company from this region investing at such a scale. I also believe that NESR’s approach to create an open platform for innovative technology companies to come to the Kingdom is a unique approach and will be beneficial to the Saudi oil and gas industry. I look forward to seeing the results of their efforts and wish them the best for the future.”
Sherif Foda said: “We are very excited to partner with Techno Valley and KFUPM. We strongly believe that with this investment, we are taking an important step to develop fit-for-purpose techniques and technologies for Saudi Arabia as well as the whole region.”
NESR, Dhahran Techno Valley to open research center
NESR, Dhahran Techno Valley to open research center
Azure opens Azure Takhassusi residential community in Riyadh, fully leased to Saudia
Azure, a Mohammed Al Habib Real Estate company and the owner of Riyadh’s largest portfolio of residential compounds, has announced the official opening of Azure Takhassusi, its newest premium residential community. The project has been fully leased to Saudia, the Kingdom’s national flag carrier.
The launch marks a major milestone in the eight-year partnership between Azure and Saudia, one of the longest-running and most successful corporate housing collaborations in Saudi Arabia. The development reflects Saudia’s continued confidence in Azure’s ability to deliver high-quality residential environments that meet strict standards of comfort, privacy, service excellence and operational reliability.
Purpose-built to support the wellbeing and lifestyle needs of airline professionals, Azure Takhassusi offers more than accommodation. The community provides a fully integrated living experience, combining modern residences, premium facilities, dedicated resident services and professional community management. Designed to promote stability, convenience and peace of mind, the compound allows employees to focus on their professional responsibilities with confidence.
“This opening represents more than the launch of a new residential compound,” said Fahad Al Assaf, president of Azure. “It is a strong statement of trust built over eight years of partnership with Saudia. Azure Takhassusi reflects what long-term collaboration can achieve when two organizations share a commitment to quality, people and performance.”
For Saudia, fully leasing Azure Takhassusi underscores the airline’s continued investment in its workforce. By providing secure, comfortable and professionally managed housing, the airline aims to strengthen its employee value proposition, recognizing the role that high-quality living environments play in attracting and retaining talent.
Azure currently operates the largest portfolio of residential compounds in Riyadh and is a market leader in corporate housing for major institutions across the Kingdom. Its partnership with Saudia remains one of its most significant, spanning eight years of steady growth and large-scale delivery.
The opening of Azure Takhassusi marks another milestone in that journey, setting a new benchmark for corporate housing that supports workforce wellbeing, operational excellence and long-term partnerships in Saudi Arabia.
