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Saudi Arabia News and Analysis

Airport control tower

Saudi airport PPP postponed Subscription

Project reached prequalification stage in February 

Water storage

Saudi National Water Company replaces CEOSubscription

Desalination head makes lateral move

Saudi housing

Riyadh aims to increase homeownershipSubscription

There are 750,000 families eligible for public housing across the kingdom’s urban areas

Bridge being constructed

Saudi Aramco awards construction contractSubscription

Sixteen firms had submitted bids for project in Eastern Province

Saudi construction

Saudi Binladin says it has honoured commitmentsSubscription

Kingdom’s biggest contractor says it will honour commitments if further job cuts are made

Riyadh Metro

Riyadh Metro tenders operation and maintenance contractSubscription

Firms prepare to submit offers by mid-October

Ajman Bank raises $155m Islamic loan

Difficult 2016 for GCC banksSubscription

Lenders struggle to maintain profits during first quarter

Petrochemical plant

Sipchem to start investor meetings for potential sukukSubscription

Company has appointed Riyad Capital and NCB Capital for issuance of Islamic bond

Railway

Saudi Railway Company seeks firms for trains packageSubscription

Firms to be prequalified for maintenance of high-speed passenger trains

Saudi Binladin Group

Saudi Binladin Group lays off 50,000 workersSubscription

Firm has terminated employment contracts of foreign workers and has asked them to leave the kingdom

Kingdom Tower, Riyadh

Saudi tourism investment safe in the long term Subscription

Saudi tourism sector difficult to predict in the short term due to current economic climate

Data centre

Vision 2030 addresses digital infrastructureSubscription

National council to be formed to supervise digital transformation

Marriott

Dur Hospitality plans Yanbu hotel development Subscription

Saudi company also signs franchise deal with Marriott International

Casablanca tramway

Casablanca pioneers big data use in public transportSubscription

Real-time capture of passenger data improves efficiencies

Refinery

Aramco considers India downstream investmentsSubscription

Indian oil minister says refinery and petrochemicals stakes were discussed with oil company chairman

Offshore oil and gas

Aramco selects contractor for Hasbah gas field expansionSubscription

Low bid for project off kingdom’s Gulf coast came in at $1.5bn

Doha, capital city of Qatar

Qatar to allow domestic fuel prices to fluctuateSubscription

Decision is part of the government’s broader subsidy reform agenda

Medina in Saudi Arabia

Saudi Arabia to build world-class Islamic museumSubscription

Project revealed in 2030 Vision document on 25 April

Al-Reem Island in Abu Dhabi

Abu Dhabi launches $5bn bondSubscription

The emirate’s two part bond was priced at tighter end of the price range

Saudi Arabia

Saudi Arabia explores funding options for transportSubscription

Priority is to keep fees affordable and fair

Saudi Stock Exchange (Tadawul)

Must read: Saudi Arabia's economic vision, more Aramco awards and Abu Dhabi solarSubscription

The major story this week was the kingdom’s Vision 2030 plans, while infrastructure project plans elsewhere in the GCC saw progress

Ras Tanura refinery

The 10 Gulf oil projects you need to watchSubscription

Part one: MEED looks at the oil schemes in the balance in Oman, Saudi Arabia and the UAE

A site perspective of King Abdullah Economic City in Saudi Arabia

The truth about diversificationSubscription

Manufacturing is not the key to economic diversification, says one analyst

Riyadh

Riyadh announces sweeping reforms with Vision 2030 planSubscription

Full details of economic roadmap due in 30-45 days

Ahmed Ismail, MAF Ventures

Majid al-Futtaim adapts growth plansSubscription

Interview: Ahmed Ismail, CEO, Majid Al Futtaim Ventures

Saudi refinery

The sector that Riyadh should focus on

Investing in downstream can generate up to $160bn in GDP and 800,000 jobs for Saudi nationals by 2030

Dubai Metro

Must read: Dubai metro, worst quarter for projects and Saudi Aramco awardsSubscription

Route 2020 and the transit masterplan in Dubai both progressed this week

Construction

Value of Saudi construction awards falls by two-thirdsSubscription

The outlook for project awards in the kingdom’s construction and transport sectors looks gloomy this year

Al-Reem Island in Abu Dhabi

GCC diversification – the bigger pictureSubscription

The combination of lower oil prices and accumulated reserves has created a window of opportunity to refocus on diversifying Gulf economies

The Tower at Dubai Creek Harbour

Must know: Dubai's tall plans, the IMF's grim forecasts and Saudi-Egypt dealsSubscription

The spotlight shone on Dubai this week as news of twin ‘biggest’ plans emerged

Saudi Arabia

Riyadh shifts gears on projects spendingSubscription

Saudi Arabia is expected to return to building power and water capacity using the developer market, and is said to be exploring public-private partnerships for transport schemes

King Fahd Causeway

Saudi-Egypt deal puts causeways back in the spotlightVideoSubscription

Progress on ambitious crossings has been mixed

Riyadh

Details are key for Saudi Arabia’s reform agendaSubscription

The kingdom plans to upsize its Public Investment Fund to $2 trillion, but what does that really mean?

Saudi housing

Saudi Arabia tackles housing shortage with $20bn dealSubscription

Agreement comes as politically sensitive housing shortfall begins to hit the kingdom

Moodys gcc downgrade 4

GCC needs to finance $250bn fiscal deficitSubscription

Massive deficit in 2016-17 will mean more debt issuance, says Moody’s Investors Service

Moodys 2016 GCC banking sector outlook

Banks delay bond issuance on volatile pricingSubscription

Moody’s expects conditions to toughen for GCC financial sector

Luxury items will be taxed in the UAE

Changes in tax structure and their probable impact in the GCCSubscription

States in the region plan to introduce sales taxes from January 2018

Oil rig

Board report: April 2016Subscription

Gulf states push ahead with economic reform programmes as oil prices stabilise, but regional liquidity tightens as a result of reduced bank deposits

GCC currencies

VAT to smooth government revenue streamsSubscription

Public and private sector prepare for VAT implementation in 2018

Sabic is planning region's first oil-to-chemicals sheme

Saudi refining and petrochemicals spending to pick up in 2016Subscription

Investment in new downstream capacity in the kingdom has slumped