IMF cuts Saudi Arabia’s growth forecast on lower oil output

The International Monetary Fund (IMF) on Monday lowered its growth outlook for Saudi Arabia on back of lower oil production and capital spending. In its...

Saudi Arabian Airlines budget unit Flyadeal to fly leased Airbus A320s

Saudi Arabian Airlines’ budget carrier Flyadeal will lease six Airbus A320s, an Airbus executive said on Monday, a sign that the European planemaker might...

Mecca emir launches SR1.1 bln projects in Kamil, Khulais

Prince Khaled al-Faisal, emir of Mecca and adviser to Custodian of the Two Holy Mosques, launched on Wednesday development projects worth a total of...

Saudi Arabia: UAE and Makkah lead ME new hotel room supply

Hotel construction activity in the Middle East continues to gain momentum despite a slowdown in the hospitality industry across the region with Dubai and...

A trip to Abu Dhabi is like the Arabian version of City Slickers: Deluxe...

With its camel treks, sunset walks, extravagant hotels and Ferrari World - the world's largest indoor theme park - Abu Dhabi, the opulent capital of the United Arab Emirates, might just be the best stopover destination in the world. Billions have been spent on audacious skyscrapers and extravagant hotels, as well as infrastructure and education, in a state where the average adult is three times wealthier than a decade ago.

DOT primed to put metro up for tender

A tender for Abu Dhabi’s planned 340km tram system will be sent out within the next two months and a consultant selected for the...

Riyadh Exhibition Center

CRCC has built the Makkah Metro. Makkah Metro, will transport pilgrims between Mina, Arafat and Muzdalifa. Please see the video for more details and comments.

Mott MacDonald helps launch ‘The Surface Transport Master Plan 2030’ for Abu Dhabi

Mott MacDonald has helped Abu Dhabi's Department of Transport (DoT) launch the Surface Transport Master Plan (STMP) 2030. The STMP 2030 will see a comprehensive...

Mecca mayor says no delays on pilgrimage expansion projects

Construction projects to expand capacity at Mecca's Grand Mosque and other Islamic holy sites will be completed in about three years, enabling Saudi Arabia...
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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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Makkah governor inaugurates SR1.2bn worth of development projects

EDDAH: Prince Khaled Al-Fasial, governor of Makkah and adviser to King Salman, inaugurated development projects worth almost SR1.2 billion ($320 million) during his visit...

Saudi Arabia plans final tests for Riyadh Metro, Jeddah fast train

Final tests are taking place for the $22.5 billion Riyadh Metro now that the first phase has been completed, according to local media. Meanwhile, Saudi...

Saudi Arabia’s Mecca metro project delayed by financial restructuring

A US$16.5 billion metro railway project planned for Saudi Arabia’s holy city of Mecca has been delayed so that its financing can be restructured,...

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