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.
Work on the multibillion riyal Riyadh Metro is 30 percent complete and on schedule, according to the region’s governor Prince Faisal bin Bandar.
Construction work has started on a major new hotel and apartments complex in the Diplomatic Quarter of Riyadh, developer Dur Hospitality has announced.
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.
The Saudi Electricity Company (SEC) will provide 700 megawatts (MW) of electricity for the Riyadh Metro and Haramain Railway projects.
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.
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.
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 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.
These iconic stations will transform Riyadh streets as they become the most visible elements of the city’s new world-class public transport system. By providing tranquil oases for travel, shopping and dining, these stations will place Riyadh Metro at the heart of city life.