RIYADH – Consumer confidence in the Kingdom of Saudi Arabia is steadily rising, the latest MasterCard Index of Consumer Confidence revealed Wednesday, with a score of 95.2 as compared to 90.9 in the previous edition of the Index released six months ago. Consumers in Saudi Arabia are ‘extremely optimistic’ in their overall consumer confidence score, […]
Maaden has concluded a contract with Azmeel Contracting & Construction Company for the engineering, procurement and construction of a new housing project for Maaden employees. The SR 1 billion contract is for the first phase of the Mutrafiah Housing Project at Jubail Industrial City, which includes the construction of 800 villas, the first of which […]
KUWAIT: Kuwait faces the risk of being unable to meet its energy requirements during the summer of 2014 and 2015 if a planned mega power plant project was to be delayed, a senior Ministry of Electricity and Water official said in a recent press statement. Undersecretary Assistant for Planning and Training Dr. Meshan Al-Otaibi indicated […]
The ICT (information and communication technology) is all set for a very positive growth, both in Saudi Arabia and elsewhere in the Middle East & North Africa (MENA) region. “We see a very positive growth, thanks to new technologies,” Audai Altaie, regional head of enterprise business, Enterprise Business Group, MENA HQ of Samsung Electronics, told […]
RIYADH – Prince Khaled Bin Bandar, Emir of Riyadh region, has said that studies and preparations for introducing public transport system for the capital city are in full swing. “The system, which consists of networks of trains and buses, will ease traffic flow and put an end to congestion,” he said. The Emir was speaking […]
Qatar has lined up a total of 21 new hotels for the next five years as part of adding up 45,000 additional hotel rooms to its existing capacity. This would be Qatar’s major efforts to meet FIFA’s projected capacity requirement of 60,000 rooms. Of the list of planned hotels scheduled to open by 2017, 11 […]
The Riyadh Development Authority (RDA) yesterday approved a comprehensive plan to overhaul the capital city, keeping wide, open areas in the city center and building a ring road around them. “The project will bring about a facelift of downtown Riyadh and make it an outstanding historic, administrative, economic and cultural center in the Kingdom,” said […]
Young people looking for reasonably priced flats in Jeddah are seeing their dreams dashed as rents continue to soar, with two- and three-bedroom apartments now fetching SR 30,000 and up. There is an acute housing shortage in Jeddah. Real estate agents say that available housing units in the city do not exceed five percent of […]
The Saudi Electricity Company (SEC) has signed three contracts worth a total of SR986.7 million to strengthen the power grid in Makkah, Jeddah and Madinah in the western region. Eng. Ali Al-Barak, CEO of the company, said that the contracts, which include setting up of transmission lines and underground cables, were awarded to Saudi companies. […]
Doha: The per capita water consumption in Qatar is the highest in the world, with the total consumption recorded at 216 cubic metres in 2012. This was revealed by officials of the Qatar General Electricity and Water Corporation (Kahramaa) on the occasion of the Arab Water Day observed by the Arab Water Ministerial Council yesterday. […]