Daily Archives: 6 March 2013

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Rent hikes make life hard for young tenants in KSA

This entry was posted in HGCoC Nieuws and tagged economy housing saudi arabia on 6 March 2013 by jochemgeheniau.

Young people looking for reasonably priced flats in Jeddah are seeing their dreams dashed as rents continue to soar, with two- and three-bedroom apartments now fetching SR 30,000 and up. There is an acute housing shortage in Jeddah. Real estate agents say that available housing units in the city do not exceed five percent of […]

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SEC awards SR987m contracts

This entry was posted in HGCoC Nieuws and tagged Electriciteit nutsvoorzieningen saudi arabia on 6 March 2013 by jochemgeheniau.

The Saudi Electricity Company (SEC) has signed three contracts worth a total of SR986.7 million to strengthen the power grid in Makkah, Jeddah and Madinah in the western region. Eng. Ali Al-Barak, CEO of the company, said that the contracts, which include setting up of transmission lines and underground cables, were awarded to Saudi companies. […]

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