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 ...
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...
Of all the mega-projects Saudi Arabia has as part of NEOM, none have caught the global imagination more than The Line. Seen by some as the future of humanity, and others as just too ambitious, Saudi Arabia has involved some of the world's most famous scientists,...
Saudi Arabia, Feb. 10, 2019. Saudi Arabia's Crown Prince Mohammed bin Salman launched on Sunday a set of development and conservation projects in the historic site of Al-Ula, in an attempt to turn the attraction into a worldwide cultural destination. ...
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 ...
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...
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 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...
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...
Saudi Arabia’s Crown Prince Mohammed Bin Salman announced the Vision 2030 plan to diversify the Saudi economy and a large part of the vision is developing the tourism sector. The Vision 2030 has launched several New “mega projects” such as the future city NEOM and the Red Sea Project, ...