ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 11:39 UAE time

YOUR DIRECTORY /

| Share |

Building Saudi’s super cities

by ArabianBusiness.com staff writer  on Sunday, 09 December 2007

Each week Arabian Business turns the spotlight on a leading company.

Anything to do with Ras Al Khaimah?

That's a fair enough question - most companies that begin with those three letters do tend to come from the emirate. In this case, though, you're wrong. Over the last 13 years, Saudi Arabia's Rakisa Holding Company has invested in a number of telecommunications and infrastructure projects throughout the KSA and neighbouring GCC countries.

Story continues below
advertisement

So it's a big player?

Through its various investments, Rakisa has helped create 60,000 job opportunities, and generate revenues in excess of US$5.8bn, as well as manage assets in excess of US$1.3bn. Rakisa is also the consortium leader for the Prince Abdul Aziz bin Mousaed Economic City in Hail, KSA.

Even I've heard of that...

The US$8bn development will include a new airport as well as industrial and residential areas. To be developed entirely with private funds over a period of 10 years, it is envisaged as an integrated commerce and industry hub stretching across 156 million sq m of land in the north of the Kingdom.

It will incorporate a cluster-based development comprising transportation, logistics and supply chain centres; educational services; agricultural and food processing services; mining and commerce services; housing; and infrastructure.


| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Rakisa Holding Company

  2. Real Estate


Tell us your story

READER COMMENTS

  1. Why I h8 junk txts 10
    24 Nov ' 09 at 10:09
    I tried calling the phone company after they woke me too many times in the middle of the night. The person on the line said there was...   More  »
  2. Dubai developers see negative press reports decline 07
    24 Nov ' 09 at 07:48
    How much can one read/write abt one particular event. That’s the only reason the negative writing has gone down no one is interested...   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 05
    24 Nov ' 09 at 09:42
    Not only UAE, now India is also concerned about Diabeties. Me too having this sweet disease, but I handle it with my mind control,...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM