The Council of Saudi Chambers of Commerce and Industry (CSCCI) has urged the Ministry of Commerce and Industry to link industrial cities with gas lines and rail networks in the Kingdom. Members of the CSC made their request during a meeting with Walid Abu-Khalid, undersecretary to the Ministry of Commerce and Industry , in Riyadh last week. Saad Al-Moajil, […]
The 3rd Annual IDC CIO Summit kicks off its activities in Jeddah JEDDAH – The Saudi IT market, which is the largest in the Middle East totaled $1billion in 2012, and is expected to surpass $12.4 billion by 2016, according to International Data Corporation (IDC). IDC, the world’s premier IT and communication market intelligence brought […]
JEDDAH – Dubai real estate developer Damac Properties has handedSaudi Binladin Group ( SBG ) a SR353 million ($96 million) to construct a luxury housing project located on King Fahad Road, Riyadh. The work will be completed by Binladin subsidiary Haramain Gate for Construction, the main construction contract for Damac’s Esclusiva Luxury Serviced Apartments. The 150m tower will include 100 […]
Despite concerns about long lead-times for many of the planned projects across the country and the potential for rising construction costs, Business Monitor International (BMI) has maintained an “overall bullish” outlook for Qatar’s construction sector. “A strong commitment to public spending coupled with the most attractive and stable business environment in the region will help […]
MUSCAT — To enhance the flow of electricity supply in all governorates of the Sultanate, Oman Electricity Transmission Company is currently carrying out projects worth RO 275 million, including new power stations and expansions of existing stations. Ali Al Haddabi, CEO of Oman Electricity Transmission Company , said that work will begin shortly on the setting up of Al […]
Muscat: The Sultanate’s Ministry of Transport and Communications is conducting studies to build major roads as well as dualisation work of existing roads with a total length of over 1,300 kilometres in different parts of the country. These roads include a 200km-long new road between Al Mazyunah and Sheit, 150-km-Metan-Al Hashman-Al Shasr road, 715-km-long dualisation […]
Kuwait Financial Centre (Markaz) recently published the executive summary of its report on GCC residential real estate. The report examines the current and potential, demand and supply dynamics of the GCC residential real estate market. The report also sheds the light on the key challenges, constraints and pricing trends of the GCC residential real estate […]
Over the past 16 years, the government has spent a total of SR25 billion on developing the holy sites, Dr. Habib Zain Al-Abideen, undersecretary in the Ministry of Municipal and Rural Affairs, has said. The implementation of all projects was smooth, he said. Mina has not seen any fire accidents for 16 years while the […]
Despite a new wave of transport infrastructure schemes, Oman still lags behind neighbouring GCC states Oman has taken significant steps towards developing its transport network, which will include a national railway and the country’s first dual four-lane motorway. But Muscat still has some catching up to do compared with the more advanced transport projects in […]
KHOBAR, Saudi Arabia, Aug 29 (Reuters) – Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said. Dorra has long been a bone of contention between Kuwait and Iran, which also lays claim […]