KSA to spend $60bn on logistic and transport infrastructure

Kingdom's 2012 budget includes $9.4bn for transportation projects and roadworks. Analysts have said that plans by Saudi Arabia to spend in excess...

Red Sea Housing to spend $530m on expansion

Company's three-fold strategy will focus on expansion as it looks to enter new sectors and countries. Saudi-based modular buildings maker, Red Sea...

KSA to spend $60bn on logistic and transport infrastructure

Analysts have said that plans by Saudi Arabia to spend in excess of $60bn on boosting the country’s logistics and transportation infrastructure have...

Government greenlights Jeddah metro

The Saudi transport ministry and the mayoralty of Jeddah have approved the first phase of the Red Sea port-city’smetro project. Initially, the...

UDC sees net profit fall by 14%

Qatari developer also sees revenues jump by 60%, while costs of revenue hit $242m. The developer of The Pearl-Qatar, United Development Company...

UAE begins enforcing new labour rules

Ministry of Labour cracks down on companies violating regulations surrounding labourer welfare. New labour rules and regulations set by the UAE Ministry...

KSA to forge ahead with Grand Mosque expansion

Expropriation project is estimated to cost around $8bn, including compensation of property owners. The Saudi Cabinet has given the necessary approval to...

Iraq to review bids for construction of $6.1bn mega port

Port was previously put on hold while ministry floated a tender for the first stage. The Iraqi Transport Ministry has announced the...

HLG Qatar arm to design and build Siemens tram project

Firm to work on the line serving Doha Education City for Qatar Foundation. Leighton Contracting Qatar WLL, the Qatar arm of Habtoor...

Proclad Group in deal with QInvest

Qatari investment lender to arrange a multi-tranche syndicated financing for expansion plans. International provider of protective weld cladding services, Proclad Group has...