Batterjees to build modern healthcare city in Makkah

JEDDAH — Bait Al-Batterjee Medical Company has announced the launch of the group’s newest project, the Batterjee Healthcare City project in Makkah. The project will...

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Saudi Arabia kick-starts $50bn renewable energy plan

Saudi Arabia has invited investors to submit requests to qualify for the first round of its $30-$50 billion National Renewable Energy Programme by March...

Foster’s showcases Mecca hotel proposals

Practice says luxury development inspired by traditional Arab architecture Foster & Partners has revealed images of its competition-winning proposals for a luxury hotel and serviced-apartment...

Saudi Binladin seeks extension on SAR10 billion Grand Mosque financing

Saudi Binladin Group (SBG) is negotiating with banks an extension of up to two years on a 10 billion riyal ($2.7 billion) Islamic credit...

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Abu Dhabi metro trains to start operation by 2016, trams by 2014

Abu Dhabi: Metro trains will start running here by 2016 and trams are slated for 2014, officials have said. Abdullah Rashid Al Otaiba, Director of...

SR100bn Makkah project ‘must be finished on time’

Makkah Gov. Prince Khaled Al-Faisal yesterday urged all parties involved in the implementation of the SR100 billion Makkah development project, including contractors, to finish the job without delay. "You have to work with the spirit of a single team while coordinating activities related to design and implementation in order to complete the project on schedule," the governor told government officials.

Holy Mecca goes green soon by virtue of solar-generated electricity

The Saudi daily newspaper (Al-Medina) quoted today the Deputy Assistant Secretary for Developing Municipal Investments in the Sacred Capital as saying that "the Secretariat has announced the solar energy project tender and invited pre-qualified bidders and that twenty companies have been excluded due to very rigorous world-class specifications included in the Tender Specifications Book and that two multinational conglomerates have been awarded the tender to implement the service.

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Some banks baulk at pricing of Dubai’s metro loan

Some banks are baulking at participating in funding an extension of Dubai's metro because the proposed pricing, they say, does not reflect banks' higher...