Saudi Focus

KAFD ownership to go to state wealth fund

Saudi Arabia is to transfer ownership of Riyadh’s floundering King Abdullah Financial District (KAFD) to the Public...

Saudi Focus

Saudi contracts value plunges 51pc in Q1

The total value of construction contracts awarded in Saudi Arabia hit SR27.9 billion ($7.4 billion) during the first quarter...

Saudi Focus

SBG secures $667m loan

Construction firm Saudi Binladin Group (SBG) has secured a SR2.5-billion ($667 million) loan from local banks to ease its financial pressures, banking sources aware of...

Saudi Focus

MAF malls to rise next year

Majid Al Futtaim plans to start construction work next year on two new landmark malls in Riyadh, namely the Mall of Saudi and City Centre Ishbiliyah...

Saudi Focus

Jeddah power plant comes online

State-controlled Saudi Electricity Company (SEC) has started up part of its new 2,640 MW Jeddah South power plant and linked it to the grid. The SR11.9-billion ($3.12...

Saudi Focus

Update

Famco to offer key trucking solutions...