Monthly Archives: April 2013

SAR100m firm to expand Saudi farm investments

Commerce and Industry Minister Tawfiq Al-Rabiah has approved the establishment of a new East Asia Agricultural Development and Investment Company with a capital of SR 100 million. The new company is based in Riyadh as a closed joint stock entity and 70 percent of its capital has already been paid up by its founding members. […]

Kingdom to invest $133b in power, water projects

Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach $133 billion (SR502.5 billion) for various power generation and water projects in the next decade, organizers of an industry event in the capital said. Being the third largest water consuming country in the world with an average […]

Oman to shift to Friday-Saturday weekend

Oman will shift to a Friday-Saturday weekend to align itself more closely with banking and trade elsewhere in the world, its ruler Sultan Qaboos bin Said announced on Saturday. At present Oman, like neighbouring Saudi Arabia, follows a Thursday-Friday weekend. But other wealthy oil-exporting countries in the Gulf take off on Friday and Saturday, and […]

Work starts from the ground up in Qatar

Large-scale tunnelling schemes will provide base for Qatar infrastructure ahead of the Fifa World Cup Doha is about to become the tunnelling capital of the Middle East as it moves forward on a series of multibillion-dollar infrastructure schemes ahead of the Fifa 2022 World Cup. The projects that involve large-scale tunnelling works are the Doha […]

Saudi ports’ container traffic grows 9%

JEDDAH – The nine ports in Saudi Arabia remain robust, recording a 9 percent growth in container traffic 2004 and 2011, increasing to 6 million twenty foot equivalent units (TEU) from 3 million TEU. Kuwait Financial Centre (Markaz) said recently in the executive summary of its infrastructure series covering power, airports, seaports, roads & railways, […]

Uninsulated buildings won’t be given power

The Ministry of Water and Electricity has decided to strictly enforce thermal insulation for all new buildings in the Western region beginning from the third quarter of 2013 as defaulters would not receive power. “Electricity connections will not be given to new buildings licensed after this date except after making sure they applied thermal insulation,” […]