A recent Deloitte report entitled ‘Insight into the Qatar construction market and opportunities for real estate developers’ examines the construction market in Qatar and assesses opportunities for real estate developers in the country. Having been selected to host the FIFA World Cup in 2022 brought forth the opportunity for Qatar to position itself as a […]
Ramadan moon has not been sighted in UAE, Saudi Arabia, Egypt, Palestine and Jordan and Wednesday, July 10, is the first day of the holy month of Ramadan. The UAE’s moon sighting committee has announced that tomorrow, Tuesday 9 July 2013, will be the 30th day of the month of Sha’aban and accordingly, Wednesday 10 […]
Riyadh: Minister of Water and Electricity, Eng. Abdullah bin Abdulrahman Al-Hossein, has signed 18 contracts worth SR 253 million to implement several water and sanitation projects in various parts of the Kingdom of Saudi Arabia. The implementation of these projects by the Ministry of Water and Electricity comes within the framework of royal directives of […]
The SR 62 billion new Makkah public transport system, including a metro with four lines and 88 stations and a fast bus service network, will bring about dramatic improvement in transport of pilgrims and citizens in the city, said Makkah Mayor Osama Al-Bar. He said the first phase of the project, costing around SR 25.5 […]
Saudi Arabia will require more than four million foreign workers during the next 10 years to carry out gigantic industrial and infrastructure projects including the Riyadh-Jeddah railway and build economic cities, a prominent Alkhobar-based Indian businessman said. “Saudi Arabia is a virgin market with many business and investment opportunities. Many giant projects are under construction […]
King Abdullah City for Atomic and Renewable Energy (KACARE) recently embarked on the establishment of 70 stations and centers aimed to determine renewable energy sources in all parts of the Kingdom, local media said. The centers will assess all renewable sources, including solar, wind, waste-conversion, and geothermal energies and collect ground readings from different parts […]
Residential performs best among Saudi Arabia real estate sectors, while the Kingdom’s retail and hotel developments also show strength, according to a new report by Jones Lang LaSelle (JLL). The real estate investment and advisory firm last week released its Q1, 2013 Market Overviews of the Riyadh and Jeddah real estate market report, which examines […]
The value of Saudi Arabia exports of nonoil commodities for the first quarter (Q1) of the current year 2013, reached SR 46.84 billion, compared to SR 47.84 billion, or a decrease of 2.1 percent, according to the Central Department of Statistics and Information (CDSI). The CDSI report stated that petrochemicals topped the list of Saudi […]
Saudi Arabia on Sunday said it was switching its official weekend to Friday and Saturday, bringing the kingdom’s working week in line with other members of the six-nation Gulf Cooperation Council. Saudi Arabia, the biggest Arab economy, had been the only Gulf Arab state to have a Thursday-Friday weekend after Oman shifted to a Friday-Saturday […]
Saudi banking experts here say that the Kingdom has the safest banking system in the Arab world. This comes in response to CNBC Arabia reporting earlier this week that the Kingdom recorded 5,000 fraud cases out of 1.3 million ATM cash withdrawals recently. The experts say that the security of the Saudi banking system and […]