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Tuesday, 24 November 2009 01:28 UAE time

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King Abdullah Economic City (KAEC)

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Economic cities set to give $150bn boost to Saudi

New study by Ahli Capital also says mega-cities will create 1.3m jobs in kingdom.

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Crisis forces Saudi gov't to foot bill for projects

Private sector funding, local bank loans have dried up leaving gov't to fund schemes.  

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Future of aluminium project in Saudi 'uncertain' - Dubal

Plant planned for Kingdom of Abdullah Economic City may not go ahead due to crisis. 

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Sanofil-Aventis signs-up to King Abdullah project

Global drugmaker earmarks new entity for King Abdullah Economic City.

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Contracts signed for KSA's Economic City

Six agreements for the development of the King Abdullah Economic City were signed last week pushing the multi-million dollar investment closer towards its 2025 completion date.

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Success storeys

Gulf states have announced expansionary budgets for 2009 to complete infrastructure projects.

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$32mn contract deal for first Economic City school

Plans for facility for 1,000 students revealed as part of Saudi mega project.

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Why Saudi is banking on long-term success

Credit crisis well and truly here as the kingdom sees budget deficit of $17.3bn in 2009.

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Global crisis 'no threat to Saudi projects'

Finance Minister insists $260bn expansion plans will be covered by reserves, oil receipts.

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$260bn Saudi projects under construction

Huge investment in kingdom revealed as new Cityscape Saudi Arabia event launched.

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$34.7bn invested so far in Saudi economic city

Figure for investment in King Abdullah Economic City much higher than previous estimates.

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UAE firms sign $5bn Saudi smelter deal

Mubadala and Dubal to build 700,000 tonnes a year aluminium smelter at King Abdullah Economic City.

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The Gulf Investor in 2008

Investors in the Gulf are in one of the most exciting regions of the world, argues Joel Bowman. However, there's high risk too, and knowing when to get in and when to get out will be key to success, and profit taking, in 2008.

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Construction is building up steam in the kingdom

With constant economic growth and increasing globalisation, Saudi Arabia has realised the need to invest in its infrastructure and transport facilites. Conrad Egbert takes a look at a country where construction is booming.

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First phase of Gate is unveiled

Emaar Middle East has unveiled the first phase of its US $1.6 billion (SR6 billion) Jeddah Gate project in Saudi Arabia.

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Movers & shakers

Despite intending to wait until more suitable facilities were available, the organisers of the Big 5 have come to the inevitable conclusion that it can no longer ignore one major facet of the burgeoning construction industry, the plant, machinery and vehicle (PMV) sector.

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Gulf property deals hit $1tn mark

Arab oil producers are investing $81bn in residential projects and $190bn in hotels, study finds.

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The shape of things to come

A look at Dubai's annual showcase for real estate developers and the most impressive attractions.

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Emaar to tout global portfolio

Dubai property giant will use Cityscape to market projects launched in 16 countries over past 24 months.

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Siemens to power Saudi economic city

German conglomerate signs MoU for development of power grid for King Abdullah Economic City.

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Kingdom of opportunity

Melissa Hancock looks at how the globe's oil capital is investing into new sectors to diversify its economy.

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Medicine man

James Bennett meets Sobhi Batterjee, chairman of SGH Group, to talk about his US$1bn healthcare empire, and how best to do business with the world's poor.

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Bright ideas

Melissa Hancock speaks to GE's Middle East CEO Nabil Habayeb, on the company's strategy for the Gulf region.

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KSA wants to join ranks of world's top 10 nations

Saudi Arabian Investment Authority unveils vision to enter global top 10 by 2010.

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Saudi contractors look to Germany for strength

Local firms hit Bauma to look for joint venture partners in a bid to win projects.

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KAEC moves forward

Work at the King Abdullah Economic City is on schedule with construction ongoing on several components.

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Hail Economic City shares go public in May

A delay due to 'stock market conditions' has pushed forward the IPO date for Saudi's new transportation hub.

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KSA economic cities set to pay off

Saudi's economic city developments are helping to attract foreign investment.

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Saudi financial district announced

King Abdullah Financial District will be the largest financial centre in the Middle East.

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King Abdullah Economic City opens investor registration

King Abdullah Economic City (KAEC) has opened investor registration for its Industrial Zone.

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