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Saudi Arabia News and Analysis

News

Riyadh denies using oil as a weapon

Riyadh denies using oil as a weapon Subscription Required

21 December 2014 | By Wil Crisp

Saudi energy minister says oil prices will recover

Tebodin acquires Emcan Consultants & Engineers

Tebodin acquires Emcan Consultants & Engineers Subscription Required

18 December 2014 | By Mark Watts

Takeover to strengthen Dutch group’s industrial buildings and infrastructure business in Saudi Arabia

Aramco receives revised offers for stadium building deals

Aramco receives revised bids for stadium building Subscription Required

16 December 2014 | By Andrew Roscoe

Firms submitted original prices on 26 October

Construction projects

Fitch sees the GCC playing a bigger role in Egypt projects market Subscription Required

16 December 2014 | By Wil Crisp

UAE and Saudi companies expected to be heavily involved in new infrastructure schemes

Co-generation power plant

Saudi Arabia expected to tender Fadhili IPP in 2015 Subscription Required

16 December 2014 | By Andrew Roscoe

Request for proposals for Fadhili cogeneration plant was initially expected in September

Mecca

Misa takes on Abraj Kudai project work Subscription Required

14 December 2014 | By Hossam Abougabal

Saudi Binladin subcontracts construction work on Mecca project

Stadiums

Aramco appoints project managers for stadiums Subscription Required

14 December 2014 | By Colin Foreman

International firms will work on one of Saudi Arabia’s largest building programmes

Construction

Optimism for construction in 2015 dampens Subscription Required

11 December 2014 | By Colin Foreman

Firms now have a more measure view on prospects for the sector

Bahrain and Oman are under the most pressure to cut spending

Projects will suffer if GCC cuts spending, says Moody's Subscription Required

11 December 2014 | By Wil Crisp

Spending on capital projects will be first to see cuts in the face of low oil prices

Steel

Steel producers ask GCC to keep market fair Subscription Required

10 December 2014 | By Kevin Baxter

Tariffs and greater implementation of quality control essential say senior figures from industry

Emaar the Economic City signs new funding deal for King Abdullah Economic City

Emaar the Economic City signs new funding deal Subscription Required

10 December 2014 | By Rebecca Spong

New loan to be used to finance Saudi Arabia’s King Abdullah Economic City project

 given the rising volumes of passengers travelling on the Dubai Metro, the region is beginning to establish a track record that lenders and bankers could use to predict whether project finance debts can be repaid

The Middle East in 2030

10 December 2014 | By Richard Thompson

Take part in MEED’s survey to identify the key trends that will shape the Middle East economy in 2030

Black & Veatch wins Jeddah desalination consultancy deal

Black & Veatch wins Jeddah desalination consultancy deal Subscription Required

10 December 2014 | By Philippa Wilkinson

Fourth-phase expansion will bring plant’s capacity to 400,000 cubic metres a day

Still from an Islamic State in Iraq and Syria video

Increasing concerns about GCC terror threat Subscription Required

10 December 2014 | By Wil Crisp

Companies seek extra security after Saudi Arabia shooting and Abu Dhabi murder

Bidders to submit revised Aramco stadiums offers

Bidders to submit revised Aramco stadiums offers Subscription Required

10 December 2014 | By Colin Foreman

Building programme is one of the largest in the region

Steel industry

GCC steel projects remain on hold Subscription Required

9 December 2014 | By Kevin Baxter

Three largest schemes still shelved as industry consolidates  

Wastewater

Arcadis win Mecca water management contract Subscription Required

9 December 2014 | By Philippa Wilkinson

Consultants will develop 2050 masterplan

Cristal Hotel lobby

Cristal Hotel Group expanding across Middle East Subscription Required

7 December 2014 | By Philippa Wilkinson

Abu Dhabi firm planning to develop several new hotels throughout region

Construction

Saudi Aramco extends submission date for 2,500 villa contract Subscription Required

4 December 2014 | By Andrew Roscoe

Work will also involve providing supporting infrastructure

Obhur creek in Jeddah, Saudi Arabia

Jeddah invites prequalification for Obhur bridge project Subscription Required

2 December 2014 | By Andrew Roscoe

Bridge in western province will cost an estimated $1bn to build

Analysis

DFM general index

Volatility rules on GCC stock markets Subscription Required

18 December 2014 | By Hossam Abougabal

Oil prices stretch GCC stock market performance

oil

Impact of falling oil prices on Saudi Arabia Subscription Required

17 December 2014

Saudi Arabia is likely to record a deficit next year, but its sizeable reserves mean that there will be little anxiety in Riyadh

Oil, gas and chemical awards in the GCC

GCC oil and gas spending hits four-year high in 2014 Subscription Required

15 December 2014 | By Mark Watts

Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

WTI spot price

Riding out low oil prices Subscription Required

4 December 2014 | By Wil Crisp

GCC nations brace for budget deficits as Opec offers no oil price support

Petrochemicals sector

GCC petrochemicals production doubled since 2005 Subscription Required

4 December 2014 | By Mark Watts

Six-country bloc produced more than 140 million tonnes of petrochemicals in 2013

Saudi oil production and brent crude price

Riyadh in strong position ahead of Opec meeting Subscription Required

18 November 2014 | By Kevin Baxter

Saudi Arabia showing no signs of cutting oil production despite falling prices

Bottleneck: Riyadh has realised additional resources will be needed to deal with the volume of work planned

Kingdom paves the way for new contractors Subscription Required

13 November 2014 | By Colin Foreman

New contractors will be invited to work in the kingdom to take pressure off existing, overloaded players

Energy use by Mena cities 2010

Mixed response to green building Subscription Required

13 November 2014 | By Paul Melly

Only some countries in the region have developed sustainability ratings for projects that seek to go beyond energy conservation and look at resource use and environmental impact

Top 100 contract awards Q3 2014

Market cools in latest top 100 contract awards Subscription Required

4 November 2014 | By Robert Jones

Value of top 100 flat despite new entrants to the index

Challenge: One barrier to developing alternative energy is the existence of fuel subsidies in the region

Region set to miss 2020 renewables target Subscription Required

30 October 2014 | By Philippa Wilkinson

Lack of regulatory frameworks holds back development of alternative energy in the Middle East and North Africa

Pressure: Other Opec members will try to convince Riyadh to cut production at the group’s November meeting

Riyadh bides its time Subscription Required

23 October 2014 | By Mark Watts

With massive cash reserves to fall back on, the kingdom is in no hurry to exert its influence on oil prices

Comment

With Opec production likely to stay constant for at least six months, US hydrocarbons production is now the major source of uncertainty for the oil market

Arab countries will not blink first on oil

22 December 2014 | By Wil Crisp

Regional energy ministers take tough stance on output

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall

18 December 2014 | By Edmund O'Sullivan

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

Aluminium industry

Saudisation challenge continues for Maaden

18 December 2014 | By Elizabeth Bains

Hiring local nationals at industrial sites has been slow

Jubail Industry City in Saudi Arabia

Unlocking the kingdom’s potential

18 December 2014 | By Kevin Baxter

The success of Ras al-Khair should give more remote cities confidence to develop

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By Richard Thompson

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

The GCC’s well-funded security forces mean large-scale attacks on high-profile targets are unlikely

Security situation looks more uncertain in GCC

11 December 2014 | By Wil Crisp

Recent terror attacks in the GCC show it will be hard to prevent attacks on Western interests

Offshore oil rig

Choosing the right model

11 December 2014 | By Kevin Baxter

International contractors are still willing to take all the risks

Deloitte

Riyadh sets out stall for financial transparency

4 December 2014 | By Andrew Roscoe

Kingdom is preparing to open stock exchange to foreign investors in 2015

Oil gathering centre

Much at stake in the Divided Zone

4 December 2014 | By Wil Crisp

Concerns increase as the land dispute between Kuwait and Saudi Arabia derails another project

Some industry experts working in Saudi Arabia have said the low-risk, low-cost, lump-sum turnkey contracting model has now had its day

Saudi Aramco lays down the law

27 November 2014 | By Kevin Baxter

The days of high-risk project bidding are probably over

Jizan Economic City

End result will justify Jizan overruns

20 November 2014 | By Kevin Baxter

Refinery project has been a challenge to all involved

Offshore oil security

Aramco prioritises security

20 November 2014 | By Kevin Baxter

Oil major plans raft of new measures for offshore assets

As the Saudi market grows and the opportunities become more sizeable, more foreign contractors will be prepared to compete in this environment

Removal of kingdom's bidding barriers only first step

13 November 2014 | By Colin Foreman

Other hurdles still remain for contractors when entering the Saudi construction market

Acwa Power shows local developers can succeed

Acwa Power shows local developers can succeed

23 October 2014 | By Andrew Roscoe

Saudi firm’s rise demonstrates local companies can play major part in utility sector

Elevated railway could be built across the desert to mitigate the impact of sand storms

Saudi Landbridge could be more than just a name

23 October 2014 | By Colin Foreman

Elevated railway could be built across the desert to mitigate the impact of sand storms

Oil price erosion forms cracks between Opec members

Oil price erosion forms cracks between Opec members

23 October 2014 | By Mark Watts

Prospect of lower prices ahead triggers call for action from group’s fragile economies

Oil prices

Hard economics overtakes geopolitics for oil Subscription Required

2 October 2014 | By Kevin Baxter

Oil prices could stay below $100 a barrel for some time

Riyadh reluctantly joins Isis air strikes

Riyadh reluctantly joins Isis air strikes Subscription Required

2 October 2014 | By James Gavin

Kingdom’s discomfort is clearly evident

Construction workers

Solving the Saudi labour crisis Subscription Required

18 September 2014 | By Kevin Baxter

Compromise is needed from both sides to achieve this difficult mission

Fertiliser production facility

Fertiliser industry facing tough times Subscription Required

18 September 2014 | By Mark Watts

Global overcapacity could mean lower margins for expanding GCC industry

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