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News from Kingdom of Saudi Arabia

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Red Sea megaproject gets approval from board of directors
Red Sea megaproject gets approval from board of directors
<p>Phase one is scheduled for completion in 2022, and full completion in 2030.<br />The Red Sea Development Company (TRSDC) has announced that its received the approval of the board of directors, which will see 22 islands being developed as part of the Red ...
Filed under: Construction News
New Jacobs JV for Saudi Arabia
KSA flag (source: The construction index)
<p>Saudi Aramco and Jacobs have agreed to set up a joint venture for social infrastructure projects across Saudi Arabia and the surrounding region.</p> <p>The new Saudi Arabia-based joint venture company will offer professional program and construction management ...
Filed under: Construction News
Saudi Arabia awards desalination plant
Desalination plant (source: The construction index)
<p>A Spanish-Italian JV has won a US$255m (&pound;201m) contract for a desalination plant in Saudi Arabia.</p> <p>The joint venture of Abengoa and Salini Impregilo&rsquo;s Fisia Italimpianti unit will design and build the plant for ACWA Power on behalf of ...
Filed under: Construction News
Unipart Rail, Arabian Railway to form Saudi JV
Unipart Rail & Arabian Railway MoU signing off (source: ME Construction Index)
<p>Unipart Rail, a supplier to the global rail industry, and Arabian Railway Company, a Saudi Arabia-based services company, are set to form a joint venture focused on the kingdom.</p> <p>A memorandum of understanding was signed between the two companies at ...
Filed under: Construction News
Saudi Arabia readies design for 950-km railway project
Land Bridge railway project (source: GDN Online)
<p>Saudi Arabia has completed the detailed design of its 950-km Land Bridge railway project which will link the country's major cities Jeddah and Riyadh, said a report.</p> <p>To be developed on a build, operate and transfer (BOT) scheme, the Saudi Land Bridge ...
Filed under: Construction News
Saudi Arabia approves two airport locations
Airport photo (FILE PHOTO - SHUTTERSTOCK)
<p>Saudi Arabia has given the green light to the location for two domestic airports set to be built in the Riyadh region, according to media in the kingdom.</p><p>Riyadh Gov. Prince Faisal bin Bandar has endorsed recommendations regarding the locations for ...
Filed under: Construction News
Saudi Binladin to get $2.7 bln extension for Mecca mosque -sources
Reuters   10 February 2017   Kingdom of Saudi Arabia   Middle East  
Saudi Binladin Group’s (SBG) logo
<p>Creditors have agreed in principle to Saudi Binladin Group&rsquo;s (SBG) request for a two-year extension on a 10 billion riyal ($2.7 billion) Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said.</p> <p>Reuters ...
Filed under: Construction News
Saudi Arabia’s KAEC awarded contracts worth $426m in 2016
KAEC perspective (source: ME Construction News)
<p>King Abdullah Economic City (KAEC), the world&rsquo;s largest privately-funded new city, said it had awarded contracts worth $426 million for its residential and industrial development projects in 2016.</p> <p>Located on the west coast of Saudi Arabia along ...
Filed under: Construction News
Riyadh Metro sees more than 3m safe work hours in 2016
Riyadh Metro Station (source: ME Construction News)
<p>The Riyadh Metro project completed more than three million safe work hours in 2016, the leader of the joint venture working on the massive infrastructure project has announced.</p> <p>Parsons, the global engineering, construction, technical and management ...
Filed under: Construction News
Saudi construction market to double to over SR360b by 2025
Projects such as Abdullah Arif Intersection Bridge in Makkah benefit from construction technology (source: Saudi Gazette)
<p>Advanced construction technology will be vital for delivering Saudi Vision 2030 mega-projects on time and on budget, experts announced ahead of The Big 5 Saudi Arabia.</p> <p>The Kingdom&rsquo;s construction market is set to more than double, reaching a ...
Filed under: Construction News