SEC signs deals worth SR 1.8 billion to boost power efficiency
Saudi Electricity Company ( SEC ) signed five contracts worth SR 1.8 billion for the construction of sub-stations and power ...
Country: Kingdom of Saudi Arabia
KSA needs $347 billion to build 2.4 million new houses
Saudi Arabia needs SR1.3 trillion ($347 billion) investment to construct 2.4 million housing units between 2011-2020, the National Commercial Bank ...
Developed industrial land in Saudi Arabia to hit 160 million sqm by 2015
Saudi Industrial Property Authority (MODON), government agency responsible for developing and supervising industrial lands in the Kingdom, forecast that developed ...
General Electric to invest SR 3.75 billion in Saudi Arabia
General Electric (GE) announced that it would invest SR 3.75 billion ($ 1 billion) in innovation, health care and energy ...
Saudi GDP exceeds SR 2.2 trillion
Saudi Arabia's gross domestic product exceeded SR 2.2 trillion in 2011, registering a growth rate of 31 percent in current ...
Saudi Al Tanmiah and ArcelorMittal in $800 million JV
Saudi Arabia's Al Tanmiah Industrial and Commercial Investment Co. and the world's biggest steelmaker ArcelorMittal will start operating their 3 ...
Work on 500,000 houses in Saudi Arabia to start soon
The Ministry of Housing will start implementing the second phase of the project of Custodian of the Two Holy Mosques ...
US Eximbank OKs $5.0 billion loan for Saudi petrochemical complex
The U.S. Export-Import Bank has approved a record-breaking $4.975 billion direct loan to help build a petrochemical complex in Saudi ...
Saudi Arabia second exporter of polymers to China
According to Chinese Customs, more than 1.6 million tons of polymers were imported during the month of August, hitting the ...
Makkah to establish SR 2.4 billion solar energy project
Makkah municipality will establish a mega solar energy project, costing about SR 2.4 billion, to produce about 100 megawatt of ...
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