Top private sector developers yesterday at Cityscape Jeddah called on the government to work with them to streamline several processes that cause delays, making it nearly impossible to develop affordable housing projects to solve the housing crisis. “Among the limits and challenges facing Saudi developers, is for example the regulations concerning the Municipality’s issuance of […]
A team of experts from Saudi Arabia and Bahrain recently held talks in Manama to discuss the feasibility of a rail link between the two neighbors separated by the Arabian Sea. At the meeting, the participants decided to conduct a study. The idea is to build a rail link to run parallel to the King […]
Saudi Arabia has published a roadmap for its renewable energy programme, aimed at reducing the amount of oil it burns in power stations, and targets issuing final bids for the first plants within three months. The world’s top oil exporter aims to install 23.9 gigawatts (GW) of renewable power capacity by 2020 and 54.1 GW […]
Saudi Arabia might have a housing crisis by 2018 if the current gap between demand and supply continues, say economists. They blamed the lack of clear strategy and legislation for the problems facing the real estate market. The continuous shortage of houses is due to the fact that 60 percent of Saudi population is under […]
The builder of The Shard skyscraper in London is to project manage the building of the 1,000m high Kingdom Tower in Jeddah, Saudi Arabia – the tallest building in the world. Mace, the UK consultancy and construction company, will manage the development in a joint venture with building consultant EC Harris, part of Dutch group […]
Qatar is the third largest projects market among the GCC countries behind Saudi Arabia and the UAE, according to the Meed Insight projects forecast for the GCC countries. Speaking on the upcoming projects in the country yesterday at the Meed 2013 Qatar Conference held at Grand Hyatt hotel, Ed James, head of Meed Insight, said […]
JEDDAH — The GCC countries are allocating $36 billion to further develop their port infrastructure amid increasing foreign non-oil trade volumes. Saudi Arabia is powering ahead with port infrastructure development with more than $750 million allocated to Dammam’s King Abdul Aziz Port, which includes the launch of a second hi-tech container terminal in 2015 with […]
KUWAIT, Feb 13 (Reuters) – Freight trucks trundle down the dusty, potholed roads of Kuwait’s busiest port, running into traffic jams as they emerge into the surrounding streets. But after years of inaction, the government is finally moving to ease the congestion. It is pushing ahead with a $2.6 billion plan to build a 36 […]
Qatar is working on a “unique” project – a township that will create an interface between Doha city and the new Hamad International Airport and enhance commercial and business activities in the country. The project, called Airport City, will come up on a 10sq km area and is targeted to be completed over a 30-year […]
Projects must be ready for 2022 World Cup These are exciting times for Qatar. Whereas 10 years ago most people would have struggled to locate the small Gulf peninsula on a map, today, it is known the world over as the ambitious, gas-rich nation that has won the right to host the 2022 Fifa football […]