Riyadh Metro projects on track despite spending cuts
There are no plans to scale back the Riyadh Metro projects despite the Saudi government clampdown on spending amid low oil revenues, said a report.
30% of Riyadh Metro work done
Work on the multibillion riyal Riyadh Metro is 30 percent complete and on schedule, according to the region’s governor Prince Faisal bin Bandar.
Riyadh Metro on schedule despite Saudi spending cuts -official
The $23 billion Riyadh Metro will be completed on schedule in 2019 and its budget is ring-fenced, a senior official said on Wednesday, quashing speculation the project could be scaled back or delayed following a slump in Saudi Arabia's oil revenues.
SEC to Provide Power to Riyadh Metro, Haramain Rail Projects
The Saudi Electricity Company (SEC) will provide 700 megawatts (MW) of electricity for the Riyadh Metro and Haramain Railway projects.
Ritz Carlton, Riyadh gets 2 awards at ATM
The Ritz-Carlton, Riyadh further established its position as a major hotel in the Kingdom winning two awards during the Arabian Travel Market (ATM) in Dubai earlier this month.
200 Saudi engineers working on Riyadh Metro project
Prince Turki bin Abdullah bin Abdul Aziz disclosed here Thursday that 200 Saudi engineers will be working side by side with engineers from international firms in the multibillion riyal King Abdul Aziz Public Transportation (KAPT) project which is already in the first stages of implementation.
Five star hotels on rise in Saudi capital Riyadh
The Saudi Arabian capital of Riyadh is seeing a rise in the number of planned and completed five star hotel projects according to architects Dewan – a company taking part in a number of tourism and hospitality projects across the kingdom.
Riyadh Metro project unveiled
Riyadh Gov. Prince Khaled bin Bandar, chairman of the High Commission for the Development of Arriyadh, unveiled the $22.5 billion Riyadh Metro Project at a grand ceremony late Sunday.
Governor of Riyadh region opens roads projects
Prince Khalid bin Bandar bin Abdulaziz, governor of Riyadh region and chairman of Riyadh Development Higher Commission, has officially opened the extension of Abu Bakr and Al-Oroubah roads through Riyadh Air Base and the tunnel project of the intersection of King Abdul- Aziz Road with Al-Oroubah road.
Hot stock: L&T gains momentum on brokerage upgrade
Infrastructure and construction major LarsenBSE 2.23 % & Toubro has surged nearly 10 per cent so far in March 2013, after brokerages upgraded the stock to 'buy'. The stock was beaten down badly in the recent past on concerns of slowdown on global economic activity and margins concerns.
