Thursday 21 August 2014
 
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Jeddah

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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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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