Construction

Saudi awards US$600mn worth of road contracts

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Saudi Arabia hassigned 16 contracts worth more than US$600mn for the construction of 969 km of roads in various parts of the Kingdom.

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Besix Group wins US$519mn Saudi joint venture contract

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Orascom Construction Industries (OCI), said that its 50 per cent owned Besix Group won a US$519mn joint venture contract with Al-Muhaidib Contracting Co. in Saudi Arabia for the design and construction of the King Abdullah Sports City development near Jeddah.

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Dubai Cranes to work with UK crane manufacturer

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Dubai Cranes and Technical Services Ltd, a subsidiary of Dubai Investments has partnered with Street Crane to leverage the growing demand and undertake more complex infrastructure projects in the region

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UAE tops list of cancelled construction projects in August

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A report by Citigroup revealed that the UAE accounted for 56 per cent of the total cancelled and delayed projects for the main regional markets in August.

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Saudi Oger secures landmark US$1.85 billion funding

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Saudi Oger reached a deal with a group of leading banks to secure a landmark US$800mn senior term loan facility and a US$1.05 billion advance payment guarantee facility to fund the King Abdullah Project 2.

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