Author Archives : jochemgeheniau


Uw leden aan de slag in de Golfregio

Verzorgt u de koffie, dan verzorgen wij de presentatie! De Golfregio is één van de snelst groeiende afzetmarkten in de wereld. Vele honderden miljarden worden geïnvesteerd in de ontwikkeling van steden, universiteiten, landbouw, ziekenhuizen, industrie, havens en nog veel meer. Wat zijn de kansen voor uw leden in de Golfstaten? Welke opkomende projecten zijn er […]


SAR11bn allocation to widen road network in KSA

The 2013 national budget has allocated SR 11 billion for 223 new road projects across the Kingdom, said Transport Minister Jabara Al-Seraisry yesterday. “The total length of roads under the new projects will be 3,708 km,” he said, adding that the ministry would conduct studies and make designs for 1,523 km roads during this year. […]


Private sector needed to address MENA affordable housing crisis

MENA regional governments need to engage the private sector to help address the growing crisis of affordable housing, said Ernst & Young ‘s report “The growing crisis of affordable housing in MENA”. Despite many MENA nations’ commendable efforts so far, the supply of affordable housing is falling far short of demand, and demand is rising. The report, […]


SAR5bn sanctioned to build 12,400 homes in Saudi Arabia

More than 12,400 housing units will be constructed in different parts of the Kingdom shortly as the Real Estate Development Fund has sanctioned new loans worth SR5 billion. Muhammad Al-Abdani, director general of the fund said the total value of loans approved for building 12,472 homes in different cities and towns would reach SR5.19 billion. […]


SR338m contracts for Qatif projects

Qatif municipality awarded contracts worth SR338 million for a series of service, municipal and development projects in Qatif governorate during 1433H. The projects included construction of a new fish market at the cost of SR40 million, development and completion of Tarout channel (SR7.85 million) and beautification of coastal areas (SR32.13 million), the Saudi Press Agency reported, quoting […]


Rising Gulf spending

Saudi Arabia, which recently unveiled an expansionary budget for 2013 with public spending of USD219-billion is stepping on the gas to meet rising infrastructure needs. “Budgeted capital spending is 28% higher than in 2012, though the government has struggled to achieve its capital spending targets in recent years,” said Fitch ratings agency in a note. “Education […]


GCC population to soar by 30% by 2020

Abu Dhabi: The GCC population will soar by 30 per cent to 53.5 million people who will form an increasing strain on the region’s supplies of electricity, food and water, a report by the Economist Intelligence Unit revealed “By 2020, the GCC population is forecast to reach 53.5 million, a 30 per cent increase over the […]


King orders two medical cities for Riyadh, Jeddah

JEDDAH: Custodian of the Two Holy Mosques King Abdullah has ordered the construction of two medical cities in Riyadh and Jeddah under the Ministry of Interior, Interior Minister Prince Muhammad bin Naif announced yesterday. “King Abdullah’s gesture reflects his care for the security officers and their families,” the minister said, adding that the two medical […]