A $22.5 billion urban rail and bus system for the congested Saudi Arabian capital is on track, Riyadh's governor said Wednesday, as other projects in the kingdom are delayed.
Oman has reportedly decided to delay its rail project connecting the Sultanate with the rest of the Gulf countries to meet the schedule of other Gulf countries.
Dubai Investments (DI), a leading, diversified investments conglomerate listed on the Dubai Financial Market, said one of its subsidiaries, Emirates Building Systems has been awarded a contract to provide steel structures for the second phase of the Riyadh Metro Project.
These problems are due to the ongoing work on the Riyadh Metro Project.
Mövenpick Hotel Riyadh, in a joint venture with Joelle Mardinian, has opened its all-female Aurora Spa by Joelle.
Total committed and planned energy investments in the MENA region, including Iran, will reach $900 billion over the next five years, according to a new report by the Arab Petroleum Investments Corporation (APICORP).
Saudi Arabia intends to establish a 1,000 km-long canal linking the Arabian Gulf with the Arabian Sea, passing by the Kingdom to facilitate transport of oil, avoiding the Strait of Hormuz.
Indian engineering and construction firm Larsen & Toubro (L&T) said it has achieved a major safety milestone during the construction of key facilities at its Riyadh Metro project, clocking over 15 million safe man hours without lost time injuries (LTI).
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy could survive an era of cheap oil.
In recent years, the Gulf Cooperation Council countries were considered some of the most promising markets for the international rail industry.