The Riyadh Development Authority (RDA) yesterday approved a comprehensive plan to overhaul the capital city, keeping wide, open areas in the city center and building a ring road around them. “The project will bring about a facelift of downtown Riyadh and make it an outstanding historic, administrative, economic and cultural center in the Kingdom,” said […]
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 […]
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. […]
Doha: The per capita water consumption in Qatar is the highest in the world, with the total consumption recorded at 216 cubic metres in 2012. This was revealed by officials of the Qatar General Electricity and Water Corporation (Kahramaa) on the occasion of the Arab Water Day observed by the Arab Water Ministerial Council yesterday. […]
Top private sector developers yesterday at Cityscape Jeddah called on the government to work with them to streamline several processes that cause delays, making it nearly impossible to develop affordable housing projects to solve the housing crisis. “Among the limits and challenges facing Saudi developers, is for example the regulations concerning the Municipality’s issuance of […]
A team of experts from Saudi Arabia and Bahrain recently held talks in Manama to discuss the feasibility of a rail link between the two neighbors separated by the Arabian Sea. At the meeting, the participants decided to conduct a study. The idea is to build a rail link to run parallel to the King […]
Saudi Arabia has published a roadmap for its renewable energy programme, aimed at reducing the amount of oil it burns in power stations, and targets issuing final bids for the first plants within three months. The world’s top oil exporter aims to install 23.9 gigawatts (GW) of renewable power capacity by 2020 and 54.1 GW […]
Saudi Arabia might have a housing crisis by 2018 if the current gap between demand and supply continues, say economists. They blamed the lack of clear strategy and legislation for the problems facing the real estate market. The continuous shortage of houses is due to the fact that 60 percent of Saudi population is under […]
The builder of The Shard skyscraper in London is to project manage the building of the 1,000m high Kingdom Tower in Jeddah, Saudi Arabia – the tallest building in the world. Mace, the UK consultancy and construction company, will manage the development in a joint venture with building consultant EC Harris, part of Dutch group […]
Qatar is the third largest projects market among the GCC countries behind Saudi Arabia and the UAE, according to the Meed Insight projects forecast for the GCC countries. Speaking on the upcoming projects in the country yesterday at the Meed 2013 Qatar Conference held at Grand Hyatt hotel, Ed James, head of Meed Insight, said […]