Saturday 20 September 2014
 
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Jeddah

Kingdom Tower to employ tallest crane

The Kingdom Tower, the world's tallest tower project coming up north of Jeddah, Saudi Arabia, will set another new world record by employing the world’s tallest construction crane. The skyscraper, which will soar more th

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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Jeddah airport new facilities to open in 2016

More than 69 per cent of the work related to the expansion project of Jeddah’s King Abdulaziz International Airport (KAIA) has been completed, a senior official has said. The new facility will start operations by early 2016, Princ

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$12bn Jeddah Metro to roll out by 2022

The Jeddah Metro, which will cost about SR45 billion ($11.9 billion) to build, will be ready by 2022, a top official was quoted as saying in a report. The new project is aimed at reducing traffic congestion in the business city, s

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Saudi tests man for suspected Ebola

Saudi Arabia is testing a man for suspected Ebola infection after he returned recently from a business trip to Sierra Leone, the Health Ministry said on Tuesday. It said the man, a Saudi in his 40s, was at a hospital in the Red Se

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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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