Abu Dhabi: The 2,177-km-long GCC rail network, which will link all six Gulf states by rail for the first time, providing an alternative to air or sea travel for both goods and passengers in the region, will be fully operational in 2018, said Dr Ramiz Al Assar, World Bank resident adviser of the GCC Secretariat […]
JEDDAH – Islamic trade finance in its current state is still a small sector compared to global trade finance industry as a whole, a report issued by KFH -Research, a subsidiary of Kuwait Finance House KFHabout international Islamic trade finance “Reality and Growth Opportunities” said. However, the strong capabilities for commercial growth of the countries of the Organization of […]
$194 bn of main line and metro projects planned MUSCAT — A railway construction boom started this year in the GCC that is set to transform life and work in the region in the coming decade, says business intelligence service MEED. Launching the MENA Rail and Metro Summit 2013 in Abu Dhabi, MEED said that […]
MAKKAH – Undersecretary of the Ministry of Municipal and Rural Affairs and Supervisor of the Central Projects in the Holy Sites Habib Zain Al-Abideen has revealed that a proposal to link the western courtyards of the Jamarat Bridge with the northern courtyards of the Grand Mosque has been submitted for royal approval. The project, which […]
Saudi Arabia and the People’s Republic of China enjoy a comprehensive and in-depth development of bilateral relations and fruitful economic cooperation, especially in the fields of trade, energy and infrastructure. The strong relationship is moving forward steadily since the diplomatic ties were established in 1990. A major diplomatic visit between the Kingdom and China was […]
Plans are under way for the construction of a second causeway between Saudi Arabia and Bahrain, parallel to the King Fahd Causeway, a senior Bahraini official told Asharq Al-Awsat. The new causeway, he added, will serve as a railway link between the two countries, part of a larger regional Gulf railway network project. In his […]
The healthcare and medical equipment industries in the Middle East and Gulf Cooperation Council (GCC) are set for a robust growth rate in the next few years, especially as countries in the region have announced massive plans to build hospitals and advanced medical centers, in addition to expanding their current facilities. Speaking at a press […]
Saudi Arabia is implementing mega infrastructure projects, including roads, bridges and rail projects worth $77 billion (SR288.75 billion), local media said quoting a report. The projects currently implemented to develop roads and bridges in the GCC countries are estimated at $109 billion (SR408.75 billion), the report released by Ventures Middle East said. Saudi Arabia captured […]
DUBAI: According to EY’s most recent Rapid-Growth Markets (RGMs) Forecast, the GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies. Qatar’s economy is expected to grow by six percent, the UAE by 3.9 percent and Saudi Arabia by 4.3 percent in the medium-term. Bassam Hage, […]
Saudi Arabia is implementing mega infrastructure projects, including roads, bridges and rail projects worth $77 billion (SR288.75 billion), local media said quoting a report. The projects currently implemented to develop roads and bridges in the GCC countries are estimated at $109 billion (SR408.75 billion), the report released by Ventures Middle East said. Saudi Arabia captured […]