JEDDAH – As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and the overall occupancy rate starts to rise, rental rates in general have started to edge downwards and incentives have started to become more widespread, according to the latest Saudi Arabia […]
Work to set up a computer system to exchange data underway: Official The Gulf Cooperation Council (GCC) is headed towards a unified tourist visa as early as 2014, according to a senior official with the committee. “The GCC is currently striving to set up a computer system to exchange data in order to facilitate the […]
Water and Electricity Minister Abdullah bin Abdulrahman Al-Hossein has recently signed 22 contracts for the implementation of water and sanitation projects in different parts of the Kingdom at an overall cost of SR394 million. Saudi Arabia falls under the category of countries with water scarcity problems and several water and sanitation projects are under progress […]
While the contractors working on the Riyadh and Doha metros may be facing unknown risks, the benefits make them worthwhile Construction is very different from manufacturing. Instead of striving for perfection through repetition, it involves a team of people who have never worked together before making something that has never been built before. Construction is inherently […]
New projects worth more than SR300 billion are being implemented in Makkah to improve services being rendered to millions of pilgrims who come for Haj and Umrah, said Makkah Gov. Prince Khaled Al-Faisal. He said the new development projects in Makkah, including largest expansion of the Grand Mosque, were not aimed at making any financial […]
The Middle East has seen a surge in metro project contracts over the past year as governments realize the benefits of mass transit in supporting their public transportation initiatives and carbon reduction program. Since the Dubai Metro was launched in 2009, countries such as Saudi Arabia, Qatar, Kuwait, Egypt and Algeria have also stepped up […]
Saudi Electricity Company ( SEC ) is currently implementing huge electric projects at a total cost of more than SR100 billion, said its CEO Ali Al-Barrak. “They will be implemented in many phases, and they will be completed within 3 years,” he said. “We want to address and meet the increasing demand on power, in view of the […]
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 end of the road is in sight for fleecing cabbies as the government plans to implement fare meters in taxis to stabilize the rising cost of travel. The new regulation will make it mandatory for cabbies to install the meters and charge passengers as per the readings is to be discussed and implemented after […]
Per capita consumption of drinking water in Saudi Arabia has now reached 265 liters, which is double the amount of water used by an individual in a European country, said Water and Electricity Minister Abdullah Al-Hussayen. He said total water consumption in the Kingdom crossed eight million cubic meters for the first time. “This is […]