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Expat 'exodus' hits Saudi construction sectorWith more than 221,000 foreign workers having left Saudi Arabia between the fourth quarter of 2017 and the first quarter of 2018, the kingdom's construction sector has been the worst hit owing to the 'mass exodus', said a report. More… |
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Boom time for Saudi construction sectorIt's boom time for the construction industry in Saudi Arabia as the government is coming up with enormous development projects to broaden the country’s infrastructural base, said a report. The government has allocated $4 More… |
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Saudi Binladin terminates 50,000 jobs - reportConstruction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil. The total workforce at Binladin, More… |
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Saudi firms plan thousands of staff homes in JubailA number of major Saudi companies are planning to construct thousands of residential units for their employees in Jubail Industrial City, a report said. The Royal Commission for Jubail and Yanbu (RCJY) is preparing to build 8,000 More… |
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Khodari may double capex for big Saudi projectsMajor Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it may double its capital spending in coming years to cope with the work it hopes to do on the country's big infrastructure projects. Saudi A More… |
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Saudi’s MMG inks $120m loan dealSaudi construction firm Mohammad Al Mojil Group (MMG) signed a SR450 million ($120 million) loan deal to help support its balance sheet, it said in a statement on Sunday. The loan will 'support the solvency of the company and its opera More… |
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Saudi construction deals top $22bn in H1The value of construction contracts awarded in Saudi Arabia during the first half of this year reached SR84.2 billion ($22.45 billion), a report said. Contracts awarded during the second quarter of the year was SR34.5 billion, according to More… |
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Saudi construction sector to grow 4pcSaudi Arabian construction industry is poised to achieve a 4 per cent growth to reach a value of SR87 billion ($23.19 billion) this year, according to a report. The sector’s annual growth is expected to be maintained at the same rate till More… |
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CPC wins ITP's best supplier awardConstruction Products Holding Company (CPC International) was recently awarded the best provider of building materials prize by Dubai-based publisher ITP in the category of "Best Achievement in the Saudi Construction Sector." "This award r More… |
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Saudi construction value to hit $23bn in '09Saudi Arabia’s construction sector is expected to achieve a 0.05 per cent growth in real terms, reaching a nominal value of SR87.23 billion ($23.2 billion) in 2009, said the organisers of a major upcoming construction event in Riyadh. Riya More… |
