Korea led consortium inks $20 billion Saudi housing deal
A consortium including Korean group Hanwha Engineering & Construction has inked a $20 billion deal to build 100,000 homes in ...
Country: Kingdom of Saudi Arabia
Saudi economy to continue growing close to 3.5%
Saudi Arabia's economy is expected to continue growing in 2016, albeit at a slower rate than last year, the finance ...
Saudi Arabian industries feel the pinch
A continued scaling back on energy, feedstock and utilities subsidies is likely to impact earnings in Saudi Arabia’s industrial sector, ...
Saudi Arabia moves forward with megaprojects despite oil price fall
Currently grappling with the impact of low oil prices, Saudi Arabia announced a 2016 budget comprising spending cuts, subsidy overhauls, ...
Saudi power projects need $133 billion investment over 10 years
Saudi Arabia will need investment of 500 billion riyals ($133.3 billion) in electricity projects over the next ten years to ...
Turkish groups eye $240 billion Saudi residential projects
The Saudi Arabian government is in talks with Turkish construction companies to execute residential projects worth $240 billion across the ...
Global solar PV installations to reach 321 gigawatts by year-end
According to preliminary numbers from GTM Research, 59 gigawatts of solar PV were installed globally in 2015, a 34 percent ...
Saudi Arabia to invest over $100 billion in renewable energy
Saudi Arabia plans to spend over $100 billion in renewable energy projects to help meet its skyrocketing energy demand, experts ...
Saudi Arabia embarked on a program of reforms
Falling oil revenues and an expanding budget deficit were the hallmarks of Saudi Arabia’s economic activity in 2015, as heavy ...
$320 million Riyadh Walk to start construction in 2016
Construction work on the $320 million Riyadh Walk development in Saudi Arabia is set to start in January 2016. A ...
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