Monthly Archives: January 2014


Foreign and local firms line up for Makkah Metro deals

Several alliances of local and international companies have started submitting prequalification applications to join the bidding process for the Makkah Metro service project. “Fifteen national and multinational consortia have submitted their eligibility documents to be qualified for bidding for the civil works of the Phase 1 of the Makkah Metro project,” said Makkah Mayor Osama […]


Saudi renewable energy projects in global spotlight

Saudi Arabia has a growing population with a steadily rising demand for energy as consumption increases by 7-10 percent each year, according to experts attending the high-profile event in Riyadh on “Empowering Saudi Arabia’s emerging renewable sector”. They said 80 percent of the Kingdom’s GDP is dependent on oil revenues. Although rich in oil, the […]


Construction market to hit SAR1.12 trn by 2015

The volume of Saudi Arabia’s booming construction and contracting market is expected to hit $300 billion (SR1.12 trillion) by 2015, said Fahd bin Mohammed Al-Hammadi, chairman of the National Contractors Committee at the Council of Saudi Chambers. “Construction is the Kingdom’s second largest economic sector after oil,” he said. In 2012, the sector contributed 16.5 […]


GCC health care spending set to grow 11.4%

The health care industry in the GCC is expected to continue its robust growth propelled by demographic and macroeconomic factors in the region. GCC health care spending is expected to increase by a CAGR of 11.4 percent from 2010-2015. The main growth drivers of the industry include the region’s fast growing population, rising income levels, […]


UAE rail to link to GCC network

Abu Dhabi: Completion of the UAE railway by 2018 can only bring more prosperity not only to the UAE but also the country’s five GCC neighbours as rail lines are constructed across the region, said Etihad Rail . The UAE railway will connect with the sources of raw materials, industrial areas, ports and major population centres, says Etihad […]