SIDF has approved 13 Saudi loans worth US$293mn
The Saudi Industrial Development Fund (SIDF) has approved 13 loans worth US$293mn for carrying out nine new industrial projects and expansion of four existing industries.
The Kingdom Tower, which will be the worlds tallest building, has been approved.
The 161-storey Kingdom Tower, which will be the worlds tallest building, has been approved by the Jeddah authorities.
Tenders for Bahrain?s US$1.6 billion Dilmunia Health Island were sent out for the first of four infrastructure development phases. The tender encompasses work relating to the islands highways, bridges, landscaping and its power, portable water, sewerage and drainage, and telecommunications networks.
Doosan has launched the new DX225LCA crawler excavator for Middle East and African markets
Drake & Scull 2011 profit climbed 36 per cent to US$60mn.
Drake & Scull full-year profit climbed 36 per cent to US$60mn, while revenue rose 68 per cent to US$840mn, the company said in a statement.
