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    Saudi aims for Global Top Ten

    Dabbagh believes that the “sky is the limit.” as the authority looks to attract $300 billion of investment in “energy-intensive industries” over in the next 13 years. A further $100 billion of investments is also …

    Read full article » Saudi Arabia: Sunday, March 04 - 2007 @ 14:23
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    Saudi non-oil exports build new economy

    Non-oil exports increased to $16 billion in 2005 from $12.8 billion the previous year and will go over $20 billion in 2007 according to Abdul Rahman Al-Zamil, chairman of the Saudi Export Development Centre. “We …

    Read full article » Saudi Arabia: Thursday, February 08 - 2007 @ 08:44
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    Competition spurs Saudi aviation growth

    National Air Services is expected to launch services with five single-aisle aircraft, possibly Airbus A320s, to serve domestic destinations and later expanding to serve other destinations in the Middle East. Within four years 18 aircraft …

    Read full article » Saudi Arabia: Tuesday, January 02 - 2007 @ 08:46
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    Saudi economy enters 2007 on high note

    Saudi Arabia’s economic fundamentals have rarely been so sound. Oil revenues soared to $194 billion in 2006. As a result, Saudi Arabian Monetary Agency, the country’s central bank, estimates that the Kingdom’s trade balance …

    Read full article » Saudi Arabia: Sunday, December 31 - 2006 @ 09:42
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    Decision time nears for Saudi rail expansion

    A successful bidder will receive a 50-year concession to carry out the build-own-operate east-west “Landbridge” rail project rather than 30 years mooted earlier. Separate operating licences are expected to be awarded for freight and passenger …

    Read full article » Saudi Arabia: Tuesday, December 05 - 2006 @ 08:59
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    $30bn Jizan mega project joins others to create new economy

    At least another two such developments are also expected to be revealed over the next few months. The massive projects already inaugurated involve investment commitments reaching almost $60 billion. The huge integrated construction projects are …

    Read full article » Saudi Arabia: Monday, November 06 - 2006 @ 15:24
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    Saudi investment strategy focuses on agriculture

    The Kingdom not only produces 830,000 tonnes of dates a year but is also self sufficient in crops such as wheat while it also sells dairy products, vegetables, eggs, fish and poultry to other Middle …

    Read full article » Saudi Arabia: Tuesday, October 31 - 2006 @ 17:05
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    Saudi stock market builds for possible recovery

    The Tadawul All-Share Index has been hovering around 11,000 to 11,500 points in recent weeks and some analysts are hoping to see levels approaching 13,000 by year end following a peak 20,634 points at the …

    Read full article » Saudi Arabia: Sunday, October 01 - 2006 @ 09:13
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    Saudi mega city projects offer business opportunities

    Nearly 10 million subscribers are estimated to have bought more than $2 billion of shares in the consortium set up by Dubai’s Emaar Properties and the Saudi Aseer Company to manage the multi-phased project.

    The …

    Read full article » Saudi Arabia: Tuesday, September 05 - 2006 @ 17:05
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    Mining is new pillar of the Saudi economy

    Meanwhile the site of a huge new industrial centre designed to serve the Kingdom’s emerging solid minerals sector is being cleared on the Gulf coast, 60 kilometres north of Jubail.

    Main elements of the centre at …

    Read full article » Saudi Arabia: Thursday, July 27 - 2006 @ 10:08

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