Dubai has hired four local and international banks to raise US$800mn by securitising Salik road toll receipts and will use the proceeds to fund infrastructure projects according to a recent government statement.
Omicron technology is used to test the partial discharge of power supply to the Burj Khalifa tower.
Saudi Arabias construction sector recorded a big leap in Q1, with the value of contracts awarded by the government rocketing by more than five times over the same period of last year.
Caterpillar Logistics Services, Inc. (Cat Logistics), a wholly-owned subsidiary of Caterpillar Inc., has started construction work on a new regional parts distribution centre in Jafza.
Saudi Industrial Property Authority (MODON) has signed agreements for the planning phases of four new industrial cities in Riyadh, Dammam and Jeddah.
