JEDDAH – Saudi Arabia and the United Arab Emirates are seeking to add 1,000 megawatts of solar capacity enough to electrify 200,000 homes. However, the renewable energy drive of setting up solar-power plants will need more than $1.5 billion in financing by the end of 2014. The forecast expansion, which includes Jordan, will require loans […]
The Arriyadh Development Authority (ADA) has awarded the FCC-led consortium one of three contracts to build the Riyadh metro, the longest subway system under development in the world (176km). Infrastructure and environmental services group FCC said in a media statement today that it has been awarded one of the contracts to build the metro, which […]
Despite the economic and financial challenges the world over, the GCC contracting industry is projected to post a strong growth in the coming years due to the vast number of projects being planned and executed. This is highlighted in Kuwait Financial Centre ‘s ( Markaz ) recently published executive summary of a report on the GCC contracting industry. In […]
Royal HaskoningDHV in joint venture with Mshari Al-Shathri Engineering Consultant has been appointed by the Saudi Arabia Ministry of Transport to prepare a feasibility study and preliminary design for a first public transport system for Dammam to alleviate congestion and improve the living environment. n recent years, the Dammam and Khobar urban area has seen […]
The construction of the King Abdul Aziz Airport Project is on schedule and will be completed by the end of next year, Prince Fahd bin Abdullah bin Abdulaziz, chairman of the General Authority of Civil Aviation (GACA) announced Tuesday. Following a tour of the project site, he said schedules were being maintained despite fewer workers because of […]
Deadline set for 15 September for rolling stock, depots and track work Qatar Railways Company is set to tender for the project management consultancy services contract for systems, rolling stock, depots and track work for Doha Metro. The tender is due to be floated on 28 July and the deadline for bids is set for 15 September. […]
Reducing the number of working hours confuses markets’ needs in Ramadan, according to business experts. Despite the fact that consumption and purchasing power increase in Ramadan, many workers seek fewer working hours. People staying awake until dawn results in lower productivity throughout the day. Such a lifestyle is negatively affecting the Saudi market. So businesses […]
The value of rail contracts awarded throughout the Middle East and North Africa (MENA) reached $434 million in the first quarter of 2013, roughly 17 percent of the total $2.55 billion awarded in the transport sector overall. The value is likely to increase further this year as contracts for plans to build more than 33,712 […]
DAMMAM — The King Fahd Causeway that links Saudi Arabia to Bahrain is undergoing an ambitious development program that has dramatically driven up its capacity, according to the director of the King Fahd Causeway Authority. Badr Al-Otaishan told Al-Sharq daily that two islands will be constructed on either side of the bridge to increase capacity. Each […]
Op dit moment is het Ramadan in de Golfregio; een tijd voor bezinning en voor een frisse start. Op een dag als vandaag waarop het consumentenvertrouwen in Nederland verder blijkt te zijn gedaald en de werkloosheid gestegen bent u wellicht ook toe aan een frisse start in een groeimarkt, ver weg van de crisisstemming in […]