Yearly Archives: 2013

Saudi infrastructure projects changing property market landscape

With the Kingdom’s massive $80 billion investment in infrastructure initiatives including new seaports, airports, railways and train stations, metro systems, and bus and road systems new real estate opportunities have been created in the market promising to change the property market landscape in the Kingdom. To gain better understanding of the changing requirements and new […]

GCC industrial water treatment chemicals market revenue to soar

JEDDAH – The water and wastewater treatment chemicals market in the Gulf Corporation Council (GCC) is making considerable headway as the dire water shortage has lent momentum to water treatment activities. Industrial water reuse schemes and stringent desalination requirements are further necessitating the deployment of high-quality treatment chemicals as a means to boost operational efficiency, […]

Saudi construction sector poised for growth

RIYADH – With the recent announcement of the Saudi government to allocate a social benefit package of SR 487.5 billion for the development of housing, infrastructure and transport in the Kingdom, the construction sector is set to see a surge driven by increasing private and public investments. The government has earmarked a total of SR […]

Makkah-Riyadh link road to be ready in a year

The contractor responsible for implementing the Taif-Makkah-Riyadh road link has said that the project would take a year to complete. Ahmad Abdul Ghafoor, the engineer in charge of the project, said: “We are still in the early stages. The first part of the work involves laying down an 8-km section of the road. We have […]

SAR581bn for solar power projects

The Gulf Cooperation Council (GCC) countries are set to invest $155 billion (SR581.25 billion) for the construction of energy generating plants from non-traditional sources, notably solar energy, local media reported quoting a specialized energy report. However, the drive of energy firms from the private sector to renewable energy projects is still under the required level […]

Kingdom’s real estate market stands at SAR1.5 trn

Real estate circles are waiting for a decision from the Council of Ministers regarding the allocation and prioritization of the lands available to the citizens through the scheme of “A land and a loan.” The parties involved in the scheme are mainly the Ministry of Housing, the Ministry of Justice, the Ministry of Municipal and […]

SAR189m water and sanitation projects signed

The Minister of Water and Electricity, Eng. Abdullah bin Abdulrahman Al-Hossein, has signed a number of contracts to implement several water and sanitation projects in various parts of the Kingdom of Saudi Arabia at a total cost of more than SR 189 million. The implementation of these projects by the Ministry of Water and Electricity […]

Prince Sultan: Tourism a major contributor to Saudi economy

Saudi Arabia enjoys economic and financial stability under the leadership of Custodian of the Two Holy Mosques King Abdullah, said Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA). He was speaking to newsmen at the Fifth G-20 Tourism Ministerial meeting in London on Monday. “Our country enjoys the benefits […]

GCC emerging as an attractive investment destination

JEDDAH – “GCC offers strategic advantages, such as availability of cheap energy and feedstock supply, low tax environment, well-developed infrastructure, growing population and increasing income levels, conducive for the development of various industries in the region. All these advantages if properly showcased could attract substantial investment flows from Indian corporates, who are looking to expand […]

Kingdom plans to expand ports capacity by 29m tons

JEDDAH – Saudi Arabia is planning to expand its ports handling capacity by around 29 million tons to face a steady rise in demand, the head of the ports authority in the kingdom was reported as saying. “The projects include the construction of 20new quays which will be ready for operation within two years to […]