Total Industrial investments in the GCC have jumped from $81 billion in 1998 to $338 billion in 2012. The Gulf Organization for Industrial Consulting ( GOIC ) revealed some figures about the progress of industrial activities in GCC countries. The number of firms in the GCC jumped from 7,089 in 1998 to 15,165 in 2012. The number of workers […]
RIYADH – Saudi Arabia is currently overseeing the largest electrical supply expansion plan in the Middle East to meet the rising demand for power driven primarily by steady population growth, a rapidly expanding industrial sector, surging air conditioning requirements, and heavily subsidized electricity rates. In order to stay ahead of the demand curve, the Kingdom […]
The Saudi construction market, which captures 40 percent of the GCC market, is expected to award construction projects worth $90 billion (SR 337.5 billion) in 2014, local media said quoting a study prepared by a British financial firm. The study, disclosed at the Big Five International building & Construction Show, Dubai, said the value of […]
Riyadh, with SR99 billion real estate transactions, has ranked as the most sought-after city in the Kingdom. The capital city outweighs Jeddah, which had recorded more than SR90 billion of real estate transactions as per the real estate index issued by the Ministry of Justice. The real estate sector has revealed the positive impact of […]
Around 70 percent of Riyadh will have a rain drainage network in the next three years. Currently, only 26 percent of the city contains such an infrastructure, said Riyadh Mayor Abdullah Al-Miqbil. Al-Miqbil said 22 percent of the city is currently having rain drainage systems installed and that 48 percent will be covered within one […]
JEDDAH – Saudi Minister of Water and Electricity Abdullah Al-Hussayen disclosed Sunday that the government will spend around SR110 billion on new projects to improve water and power infrastructure. In his speech during the inauguration of the Saudi Water and Power Forum 2013 at the Hilton Jeddah, he also said the ministry will sign projects […]