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.
Traffic was backed up and schools were closed in the Saudi capital on Wednesday after a severe storm triggered flooding.
Saudi based developer Cayan Group is set to launch its Samaya project in Erga, north western Riyadh.
Saudi Arabia is in the midst of rapid economic expansion as it looks to develop its non-oil sector. Infrastructure projects include Riyadh Metro, Makkah Metro, Jeddah Airport, Riyadh Airport, apart from power and water and healthcare projects to the tune of $400 billion.
The High Commission for the Development of Arriyadh has participated with a pavilion in the exhibition accompanying the Saudi Travel and Tourism Investment Market (STTIM 2016), organized by the Saudi Commission for Tourism and National Heritage at Riyadh International Convention and Exhibition Center from March 27 to April 01 2016.
Egyptian President Abdul Fattah Al Sissi Friday said that a current visit to his country by Saudi King Salman Abdul Aziz heralds a “strategic partnership” between the two Arab allied countries.