Saudi Arabia to open 300 technical colleges by 2013 at a cost of more than $2.7 billion
The Governor of Saudi Arabia’s Technical and Vocational Training Corporation (TVTC) said that the corporation is planning to build 300 technical colleges and institutes at a cost of more than $2.7 billion in five years, Saudi Gazette reported.
Saudi Arabia’s quasi-parliament has approved a draft of the long-awaited mortgage law, paving the way for its approval by the government to allow more Saudis to own property and for banks to diversify income sources.
Japan’s Sumitomo says consortium winning $6 bn Saudi project
Sumitomo Corp, Japan’s third-biggest trading house, said its consortium had won preferential rights to build and operate a $6 billion power and water desalination plant in Saudi Arabia.
Saudi Build 2008 celebrates its 20th anniversary with record international participation
It is no surprise that owing to the Kingdom’s ambitious development plans and the consistent growth in the Saudi construction sector at 7% annually fueled by historic oil revenues and an impressive lineup of mega projects at a cost of several hundred billion SAR, that the country’s leading construction trade show “Saudi Build” has attracted unprecedented attention worldwide.
Emaar, The Economic City joins hands with Chicago-based Capri Capital Partners to develop $2 billion mixed-use project in KAEC
Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has partnered with Capri Capital Partners (Capri) LLC to develop an SR7.5 billion (US$2 billion) mixed-use project in KAEC.
Experts laud impressive growth of KSA tourism and travel sector
Elaf Group, one of the premium leaders in travel, tourism and hospitality industry in the Kingdom of Saudi Arabia (KSA), has announced that it expects the tourism and travel sector to perform well in 2008, based on the remarkable economic growth achieved by the Kingdom in recent years.
Saudi Arabia plans water and power projects worth $12b
Saudi Arabia has planned more than $12 billion worth of water and power projects that will supply an additional 2.24 million cubic meters of water per day and 2,750 mega-watts of power in the next few years, a government official said.
Mazaya Saudi enters the Saudi real estate market 