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Contracts for a north-south railway primarily to serve new aluminium and phosphate industries have already been awarded.
A decision on an award for the provision of a high speed train service which would carry pilgrims …Read full article » Saudi Arabia: Thursday, March 06 - 2008 @ 00:29
One of the most spectacular results is the new King Abdullah University of Science and Technology (KAUST), due to open in 2009 on a 36 million square feet campus at Thuwal, 80 kilometres north of …Read full article » Saudi Arabia: Thursday, February 14 - 2008 @ 11:47
While the amount is modest compared to other state funds in the region, the Saudi one could eventually become one of the world’s largest, overtaking that of the Abu Dhabi Investment Authority which is thought …Read full article » Saudi Arabia: Tuesday, January 29 - 2008 @ 11:03
The King has been a central figure in the country’s modernisation process by encouraging the efforts of the Saudi Arabian General Investment Authority (SAGIA) to stimulate domestic and foreign investment, streamlining privatisation moves and acceding …Read full article » Saudi Arabia: Wednesday, January 23 - 2008 @ 13:51
The bounce back comes amid indications that the kingdom’s stock market, which is the largest by capitalisation in the Middle East, is heading for a big expansion as local companies increasingly seek to use initial …Read full article » Saudi Arabia: Saturday, December 15 - 2007 @ 15:07
Oil and gas still drives the Saudi economy, but the country is now pumping investment into industrial cities as it strives to build a stronger manufacturing base.
Although there is a manufacturing sector in the …Read full article » Saudi Arabia: Monday, November 26 - 2007 @ 00:33
More than 2,000 sites have been identified by the Saudi Geological Survey in the mountainous Arabian Shield running along the kingdom’s Red Sea coast and in areas to the centre and north of the country. …Read full article » Saudi Arabia: Monday, November 19 - 2007 @ 14:12
The effort to combat unemployment is nationwide. While Jubail on the Gulf coast, together with Yanbu on the Red Sea, were established as the Kingdom’s main industrial locations in 1976 there has been substantial industrial …Read full article » Saudi Arabia: Wednesday, October 31 - 2007 @ 15:13
The legal overhaul will lead to the creation of a supreme court, appeals court and a general courts system to replace the Supreme Judicial Council. Observers believe the measures will help the economic reform process …Read full article » Saudi Arabia: Tuesday, October 16 - 2007 @ 14:06
The Saudi real estate market is no longer focused around villas and luxurious palaces; today it has to adapt to the changing real estate landscape. Where until recently people could afford to buy villas or …Read full article » Saudi Arabia: Tuesday, October 09 - 2007 @ 13:19