Decision comes after study finds that Saudi roads revamp won't solve city's traffic problems
Bidding now scheduled to close in mid-September for the 400,000bpd facility
Kingdom's 2012 budget includes $9.4bn for transportation projects and roadworks
Company's three-fold strategy will focus on expansion as it looks to enter new sectors and countries
Qatari developer also sees revenues jump by 60%, while costs of revenue hit $242m
Ministry of Labour cracks down on companies violating regulations surrounding labourer welfare
Expropriation project is estimated to cost around $8bn, including compensation of property owners
Port was previously put on hold while ministry floated a tender for the first stage
Qatari investment lender to arrange a multi-tranche syndicated financing for expansion plans
Zurich firm will design, engineer and supply a new substation at Ras Al Khair