The Gulf Cooperation Council (GCC) countries are set to invest $155 billion (SR581.25 billion) for the construction of energy generating plants from non-traditional sources, notably solar energy, local media reported quoting a specialized energy report. However, the drive of energy firms from the private sector to renewable energy projects is still under the required level […]
Real estate circles are waiting for a decision from the Council of Ministers regarding the allocation and prioritization of the lands available to the citizens through the scheme of “A land and a loan.” The parties involved in the scheme are mainly the Ministry of Housing, the Ministry of Justice, the Ministry of Municipal and […]
The Minister of Water and Electricity, Eng. Abdullah bin Abdulrahman Al-Hossein, has signed a number of contracts to implement several water and sanitation projects in various parts of the Kingdom of Saudi Arabia at a total cost of more than SR 189 million. The implementation of these projects by the Ministry of Water and Electricity […]
Saudi Arabia enjoys economic and financial stability under the leadership of Custodian of the Two Holy Mosques King Abdullah, said Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA). He was speaking to newsmen at the Fifth G-20 Tourism Ministerial meeting in London on Monday. “Our country enjoys the benefits […]
JEDDAH – “GCC offers strategic advantages, such as availability of cheap energy and feedstock supply, low tax environment, well-developed infrastructure, growing population and increasing income levels, conducive for the development of various industries in the region. All these advantages if properly showcased could attract substantial investment flows from Indian corporates, who are looking to expand […]
JEDDAH – Saudi Arabia is planning to expand its ports handling capacity by around 29 million tons to face a steady rise in demand, the head of the ports authority in the kingdom was reported as saying. “The projects include the construction of 20new quays which will be ready for operation within two years to […]
Abu Dhabi: The 2,177-km-long GCC rail network, which will link all six Gulf states by rail for the first time, providing an alternative to air or sea travel for both goods and passengers in the region, will be fully operational in 2018, said Dr Ramiz Al Assar, World Bank resident adviser of the GCC Secretariat […]
JEDDAH – Islamic trade finance in its current state is still a small sector compared to global trade finance industry as a whole, a report issued by KFH -Research, a subsidiary of Kuwait Finance House KFHabout international Islamic trade finance “Reality and Growth Opportunities” said. However, the strong capabilities for commercial growth of the countries of the Organization of […]
$194 bn of main line and metro projects planned MUSCAT — A railway construction boom started this year in the GCC that is set to transform life and work in the region in the coming decade, says business intelligence service MEED. Launching the MENA Rail and Metro Summit 2013 in Abu Dhabi, MEED said that […]
MAKKAH – Undersecretary of the Ministry of Municipal and Rural Affairs and Supervisor of the Central Projects in the Holy Sites Habib Zain Al-Abideen has revealed that a proposal to link the western courtyards of the Jamarat Bridge with the northern courtyards of the Grand Mosque has been submitted for royal approval. The project, which […]