CONSTRUCTION UPDATE

Bahrain to launch international bid for metro project

Bahrain plans to issue an international tender for its first metro project in the fourth quarter of 2019, seeking private partners to finance a scheme that...

SAPTCO inks SAR 8 bln contract to operate Riyadh Metro

Saudi Public Transport Co. (SAPTCO) on Nov. 11 signed a contract with Arriyadh Development Authority (ADA) to operate and maintain Riyadh Metro’s first and second...

Riyadh Metro naming rights auction raises $278m

Riyadh Development Authority (RDA) has announced that it has raised over SR1 billion ($278 million) from its station naming rights auction for the Riyadh...

Exclusive: Saudi state finalized ownership transfer of $10 billion financial district

RIYADH (Reuters) - The Saudi government has finalized terms to transfer ownership of the kingdom’s glitzy $10 billion financial district in Riyadh to the...
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