Dammam property to have 200 guest rooms and 120 hotel apartments, along with other facilities
Real estate developer has settled $816m out of a total claim of $2.17bn from creditors
Firms expected to help with feasibility studies and cost management and planning
Contracts part of government plan to improve the performance of Saudi ports
Gulf's largest listed property developer continues work on $4.94bn Golf City project
Project involves building a four-lane conveyor system, six 25km stacker lines and an internal stockyard road network
Drastic fall in contract activity in Saudi Arabia as government struggles to process projects
Abu Dhabi Environment Agency tells developer to provide compensation for damaged areas
Improved access to funds has lifted sentiments of real estate investors in the country
Current combined production capacity is just under 3.6 million tonnes