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 […]
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 […]
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 […]
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 […]
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 […]