CRYSTAL Lagoons has launched a one-of-a-kind mega lagoon development in Saudi Arabia, which will be a key leisure component of a $4-billion mixed-used project north of Jeddah. The second project in the country for the company, the eight-hectare lagoon will be part of the ongoing 240-hectare development by the Prince Sultan Cultural Centre (PSCC).
THERE was a significant upswing in the value of awarded contracts in Saudi Arabia during the second quarter of 2014, topping SR84.9 billion ($22.63 billion), the National Commercial Bank (NCB) said in a report.
SAUDI ARABIA has awarded a contract to China Railway Construction Corporation for the renewal of the freight railway line between Dammam and Riyadh. The SR122.8 million ($32.5 million) deal was signed by Saudi Railways Organisation (SRO) president Mohamed Khalid Al Suwaiket with Chinese authorities, said an Arab News report.
EMERSON Process Management has expanded the capabilities of its Jubail facility in Saudi Arabia to include the production, testing, and servicing of pressure reducing regulators. This investment is part of Emerson’s long-term commitment to address the growing needs of its customers in Saudi Arabia and the Middle East region.
A VISA shortage has hit 40 per cent of projects in Saudi Arabia in the past two years, the Arab News reported quoting a senior official.
900-km border fence to be built SAUDI ARABIA has announced plans to build a five-layer 900-km fence to secure its border with Iraq, according to state media reports. Stretching from Hafar Al Batin, near the Iraq-Kuwait border to the northeast town of Turaif, the highly sophisticated fence aims to deter “infiltrators and smugglers”.