JEDDAH – The nine ports in Saudi Arabia remain robust, recording a 9 percent growth in container traffic 2004 and 2011, increasing to 6 million twenty foot equivalent units (TEU) from 3 million TEU. Kuwait Financial Centre (Markaz) said recently in the executive summary of its infrastructure series covering power, airports, seaports, roads & railways, […]
The Ministry of Water and Electricity has decided to strictly enforce thermal insulation for all new buildings in the Western region beginning from the third quarter of 2013 as defaulters would not receive power. “Electricity connections will not be given to new buildings licensed after this date except after making sure they applied thermal insulation,” […]
Vast stretches of desert once tracked by camel trains will soon be spanned by one of the world’s most modern and sophisticated transport systems, with Saudi Arabia now developing a countrywide rail network that underpins the government’s programme to diversify the economy. Data compiled by the Dubai-based news agency Zawya in late 2012 showed there […]
Custodian of the Two Holy Mosques King Abdullah has urged Saudi Aramco to complete the first phase of infrastructure projects for Jazan Economic City in order to woo investment and boost the region’s development. Jazan Gov. Prince Muhammad bin Nasser thanked King Abdullah for his efforts to develop the region and strengthen its economic position […]
Housing authority planning to develop 45,000 units Kuwait’s Public Authority for Housing Welfare (PAHW) is looking to appoint advisers on the development of two public-private partnership projects to develop thousands of new houses at an expected cost of several billion dollars. The first project is for the development of a low-cost housing scheme, and the second is […]
After the completion of a SR 35 million refurbishment project, the Mubarak Hospital, described as one of the most modern health care facilities in the capital city, has officially reopened its doors for patients, following the permission given by the Ministry of Health (MOH). This new state-of-the-art private hospital located in the city center of […]
Saudi Arabia will push ahead this year with exploratory drilling of shale and other unconventional gas reserves which could be twice the size of its conventional gas reserves, which total 286 trillion cubic feet, Saudi Minister of Petroleum and Mineral Resources Ali Al-Naimi said Monday during a Credit Suisse conference here. The Kingdom intends to […]
In opening remarks at the first session of the Jeddah Economic Forum (JEF), Abdullah Sadiq Dahlan, member of the JEF’s organizing committee and chairman of the board of trustees at the University of Business and Technology, warned of an imminent threat of a housing crisis exploding in the Kingdom over the coming years in the […]
Maaden hopes its $6bn phosphates city at Waad al-Shamal will emulate the success of Ras al-Khair As Saudi Arabian Mining Company (Maaden) prepares to tender four more packages for its proposed $6bn phosphates city at Waad al-Shamal, its reputation as a company that fast-tracks world-scale projects grows stronger. Maaden hopes the city in the north of […]
DOHA: Qatar’s high government capital spending on huge multi-year projects will continue to stimulate the country’s non-hydrocarbon sector, said the ratings agency Fitch in its latest “GCC Sovereign Credit Review”. With a projected 7.6 percent, Qatar has been forecast to have the highest growth rate in the real non-oil growth in the region. Qatar is […]