Tuesday 29 July 2014
 
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Jeddah

IDB places $1 billion sukuk

Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest privately-placed transaction from the supranational institution. IDB, which promotes economic deve

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Systra wins Jeddah Metro design deal

French company Systra has won a consultancy contract from Saudi Arabia to provide preliminary engineering designs for the Jeddah Metro project, a report said. The contract is valued at SR276 million ($73.59 million), the Arab News

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Al Tayyar Travel posts 8.3pc profit rise

Saudi Arabia's Al Tayyar Travel Group posted an 8.3 percent rise in second-quarter net profit, citing higher sales for the improved earnings. The firm made 364 million riyals ($97.1 million) in the three months to June 30, com

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Jotun opens technical services office at Jeddah airport

Jotun has opened its first ever technical services site office in Saudi Arabia at King Abdulaziz International Airport (KAIA) in Jeddah.    The initiative follows the company’s appointment as the leadi

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EC Harris names key Jeddah appointment

EC Harris, an Arcadis company and built asset consultancy firm, has appointed Hisham Malaika as the new city executive to lead the Big Urban Client (BUC) program in Jeddah, Saudi Arabia. In his new role, Malaika will work closely

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Saudi F&B market set to grow at 9pc

Saudi Arabia’s food and beverage (F&B) sector is currently worth over $50 billion and expected to grow by 9 per cent by 2017 offering major business and trade opportunities, said the organisers of an upcoming F&B exhibition in Jedd

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Emaar unveils new commercial project in Jeddah

Emaar Middle East, a leading developer of iconic projects in the region, has unveiled ‘Emaar Square,’ an exceptional commercial destination set in Jeddah Gate’s Crescent Plaza. Emaar Square, the dedicated commerc

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Jeddah hotels, resorts 'almost fully booked'

Jeddah’s hotel rooms, resorts and chalets are almost fully booked, with the onset of the summer holidays bringing an influx of local and Gulf visitors to the city, said a report.   The customers make advanc

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Bids sought for Saudi Landbridge work supervision

Saudi Railway Company (SAR) has invited prequalification bids for the construction supervision consultancy contract for the Saudi Landbridge project. Applications are to be submitted by July 22, said a report in the Saudi Gazette.

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Accor to open 300-room hotel in Jeddah

Leading hospitality group Accor has signed an agreement with Saudi-based Al Ahlam Holding to operate the new 300-room ibis Madinah Road hotel in Jeddah. The leading economy brand of Accor, ibis, has earned a worldwide reputation f

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