Saudi awarded $52bn contracts in 2019, real estate tops list
Saudi Arabia said the total value of awarded contracts for full year 2019 surged to hit SR197.1 billion ($52.6 billion), ...
Country: Kingdom of Saudi Arabia
The Middle East’s hotel construction pipeline remains strong in 2020
Analysts at Lodging Econometrics (LE) state in the 2019 year-end report that the hotel construction pipeline in the Middle East ...
Saudi Arabia unveils plan to build new 400 km roads
Saudi Arabia has embarked on a major plan to develop main roads in the heart of capital Riyadh in order ...
L&T unit lands big Saudi substation project contracts
India's top engineering and construction firm Larsen & Toubro (L&T) said its Power Transmission and Distribution Business unit has won ...
Saudi Arabia in ground-breaking national hyperloop study
Saudi Arabia has announced a major agreement with Virgin Hyperloop One (VHO), the world’s leading hyperloop company, for a groundbreaking ...
GCC project market riding high on $3.1 trillion projects
Its boom time for the GCC’s construction sector with several big-ticket projects and major infrastructure development plans underway such as ...
Qiddiya awards contract for Saudi entertainment city project
Qiddiya Investment Company (QIC) has kickstarted 2020 by awarding the first construction contract of the year to Abdul Ali Al ...
Riyadh’s residential market witnesses solid growth in 2019
The residential sector in the Saudi capital Riyadh has witnessed significant activity levels in 2019, according to new data released ...
Neom to build desalination plant with ‘solar dome’ technology
Saudi Arabia's futuristic $500-billion new city Neom has signed an agreement with the UK-based Solar Water Limited for the construction ...
Saudi Arabia sees record year for foreign investment
A total of 1,131 new international companies set up operations in Saudi Arabia last year, marking a 54 percent increase ...
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