Saudi Binladin Group (SBG) has announced that it has begun redeveloping the King Fahd Sports City Stadium in Riyadh as the kingdom gears up for the 2034 FIFA World Cup. It involves the modernisation of the stadium as per global standards with a seating capacity for 70,200 spectators.
Abu Dhabi-based BlueFive Capital has acquired a 70% stake in Gulf Cobla, a UAE-based dredging, land reclamation company. As part of the deal, BlueFive Capital will buy the entire 49% stake held by an affiliate of Saudi Binladin Group, together with a 21% stake from Dutco Group.
