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 161-storey Kingdom Tower, which will be the world's 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 island's 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 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.
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