Dubai-based Nesto to invest $267 million in Saudi retail sector
Nesto Group, a Dubai-based retail giant, has announced an ambitious plan to invest SR1 billion ($267 million) in the Saudi...
Infrastructure
Construction projects to boost capital markets in Saudi Arabia
A multi-billion-dollar development program under way in Saudi Arabia is proving to be instrumental in helping the government achieve its...
Lebanon’s CDR completes $7.4 billion in projects between 1992 and 2011
The Council for Development and Reconstruction (CDR) indicted that it signed contracts for an aggregate value of $10.7bn during the...
Riyadh property market set for strong growth
The real estate market in Saudi capital Riyadh is currently being driven by a number of master-developed projects mainly in...
Samsung says consortium wins $3 billion Saudi Arabia order
Samsung Engineering Co Ltd said its consortium with China's Shanghai Electric and Saudi Arabia's Al Toukhi was awarded a $3...
Dubai Maritime City infrastructure development gains rapid momentum
Maritime World, the umbrella body constituting Dubai Maritime City ( DMC ) and other maritime entities, today announced that the...
Bahrain sets aside $1.5 billion for 16,000 new homes
Bahrain will allocate up to BHD580m (US$1.51bn) for 16,000 new homes in a bid to ease the Gulf state’s affordable...
Al Khodari wins a $33.3 million deal to build a Saudi computer science faculty
Saudi Arabia's Abdullah A. M. Al Khodari Sons Co. (1330.SA) said it has won a deal worth 125 million Saudi...
Petrofac wins 2 contracts worth $1.4 billion in Saudi Arabia
Petrofac Limited, a oil and gas services company, said it has been awarded two engineering, procurement and construction (EPC) contracts...
RAK: Boosting cement production
With demand for cement in Ras Al Khaimah (RAK) poised to rise and regional projects already driving up exports, there...
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