Gammon Group will begin work on a SR10.9 billion new mega city project in Rabigh, including an advanced hospital, a petrochemical plant and residential villas, soon after Ramadan, said Mohammed Rafik, chairman of the group. Rafik said the project would cover an area of 20 million square meters. “Our group will design, finance and build […]
The Arriyadh Development Authority (ADA) has announced plans to set up world-class labor housing units in the capital city with advanced health and recreational facilities. The announcement follows a joint meeting of authority and the executive committee for projects and planning, chaired by Riyadh Gov. Prince Khaled bin Bandar and attended by Deputy Gov. Prince […]
Despite the economic and financial challenges the world over, the GCC contracting industry is projected to post a strong growth in the coming years due to the vast number of projects being planned and executed. This is highlighted in Kuwait Financial Centre ‘s ( Markaz ) recently published executive summary of a report on the GCC contracting industry. In […]
The construction of the King Abdul Aziz Airport Project is on schedule and will be completed by the end of next year, Prince Fahd bin Abdullah bin Abdulaziz, chairman of the General Authority of Civil Aviation (GACA) announced Tuesday. Following a tour of the project site, he said schedules were being maintained despite fewer workers because of […]
Saudi Arabia will require more than four million foreign workers during the next 10 years to carry out gigantic industrial and infrastructure projects including the Riyadh-Jeddah railway and build economic cities, a prominent Alkhobar-based Indian businessman said. “Saudi Arabia is a virgin market with many business and investment opportunities. Many giant projects are under construction […]
Residential performs best among Saudi Arabia real estate sectors, while the Kingdom’s retail and hotel developments also show strength, according to a new report by Jones Lang LaSelle (JLL). The real estate investment and advisory firm last week released its Q1, 2013 Market Overviews of the Riyadh and Jeddah real estate market report, which examines […]
JEDDAH – Governor Prince Mishal Bin Majed claimed that Jeddah will become one of the finest cities in the world in terms of performance and efficiency. “One day will come when all the citizens will get municipal services online without approaching the mayoralty in person. All officials are directly responsible with regard to serving the citizens […]
Emaar Properties has unveiled its newest residential development in the city. The Hills, envisaged as part of Emirates Living, the pioneering master-planned communities by Emaar, will stand out for its spectacular Golf-course views and a focus on a greener lifestyle through several energy and water efficiency initiatives. Overlooking the Emirates Golf Club, with easy access […]
JEDDAH – Investment in environmentally friendly building projects in Saudi Arabia is set is to reach SR100 billion (over $26 billion) across 76 projects, Faisal Al-Fadl, Secretary General of the Saudi Green Building Forum, told a Saudi Arabic newspaper. “Out of 76 projects, 43 are based in Riyadh,” he said. Green building is the practice […]
The Municipality of the Holy Places is proposing to build a 2-million-square-meter educational project by establishing a private university on the Makkah-Jeddah highway. The university will be built over a space of 2 million square meters with a cost of more than SR 20 million. The university comes within the major investment projects of the […]