Leyja is a new tourism destination being developed inNEOM, Saudi Arabia’s mega-project located in the country’s northwest corner. Leyja will be centred around a natural valley surrounded by 400 metre high mountains, located along the coast of the Gulf of Aqaba. Leyja builds on NEOM’s o...
Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch. That combined with high foreign currency reserves — $456.97 billion as of September, a 4% percent increase year-on-year,according to the country's ...
The article reports that Saudi Arabian firm Ma'aden has commissioned ABB Contracting Co. Ltd. to construct two electrical substations that will link its phosphate and aluminum projects at Ras Az Zawr to the national grid. Ma'aden will create a separate subsidiary to develop infrastructure and ...
Strategies for Saudi Arabia to deliver on its $1 trillion-plus project plan October 2, 2023 | McKinsey Direct As Saudi Arabia sets out on one of the world’s most ambitious phases of capital expenditure, tried and tested opportunities can help the country unlock construction project success....
the Ireland-based Kerten Hospitality Group announced ‘The Collective’ in Saudi Arabia. This conglomerate of projects, with a combined investment of SAR1.5 billion, signifies Kerten Hospitality’s commitment to enhancing Saudi Arabia’s hospitality sector and includes initiatives within Oxagon...
Since the beginning of the year, Saudi Arabia has tendered 6.7 GW of solar and wind renewable energy projects and plans to increase tenders before the year ends to meet its annual goal of tendering 20 GW, which business insiders said will open g...
The Khurais oilfield development was the largest of several Saudi Aramco projects intended to boost the production capacity of Saudi Arabia’s oilfields from 11.3 million bpd to 12.5 million bpd by 2009. The Khurais project as a whole covers three oilfields: Khurais, Abu Jifan and Mazalij. The...
The cost of the first and second phase of the projects is estimated at 2.26 billion dollars. The completion of the Waad Al-Shamal mining project will raise Saudi Arabia's annual phosphate fertilizer production to 9 million tonnes, thus making the kingdom the world's second largest producer of...
Robert Mogielnicki of the Arab Gulf States Institute in Washington said projects tied to specific events would likely be prioritized. "The Saudis were not going to be able to move 100 miles per hour in every direction on the development front indefinitely," he said, adding that Riyadh needs...
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