Saudi Focus

THE Saudi construction sector witnessed a significant drop in value of contracts awarded during the third quarter of this year, after showing signs of recovery during the previous quarter, mainly due to a lack of mega projects, said a National Commercial Bank (NCB) report.

BLUCHER, one of Europe’s leading producers of stainless steel drainage systems, said its regional office in Dubai, UAE, will supply 200-mm diameter pipes for Phase One expansion of King Abdul Aziz International Airport (KAAIA) in Jeddah.

SAUDI Aramco, the world’s biggest oil producer, has received bids from nine pre-selected groups to build 11 stadiums across the kingdom in a project worth $4.4 billion, said a report.

SAUDI ARABIA has launched construction work on a 700,000-sq-m low-cost housing project for nationals in the Western Province, a report said.

AS many as 27 major investment projects, including hospitality projects, have been unveiled in the industrial city of Yanbu, a report said.

$148m projects planned SAUDI ARABIA has unveiled development and utility projects worth SR557 million ($148 million) at Khamis Mushayt, a city in the south-west of the kingdom, said a report.