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Saudi Arabia News and Analysis

News

Sabic reports first quarter profits of $1.71bn Subscription Required

20 April 2014, 14:24 GMT | By Kevin Baxter

Net income down by 1.9 per cent year-on-year, but up 3.7 per cent quarter-on-quarter

Saudi Arabia seeks bidders for airport project

20 April 2014, 9:30 GMT | By Jeff Florian

King Fahad International airport in Dammam, Saudi Arabia, to be expanded

Saudi Arabia further extends deadline for airport project Subscription Required

20 April 2014, 9:20 GMT | By Jeff Florian

King Khalid International airport in Riyadh to expand terminals 3 and 4

Turkish firms dominate Mecca metro prequalification list Subscription Required

17 April 2014, 8:43 GMT | By Andrew Roscoe

First phase civil works of Mecca Metro will include underground and above ground packages

Saudi Arabia's security chief resigns Subscription Required

16 April 2014, 13:59 GMT | By Kevin Baxter

Prince Bandar bin Sultan steps down as the kingdom’s intelligence chief after long illness

Sabic joint venture asks for revised bids on $500m scheme Subscription Required

15 April 2014, 14:19 GMT | By Kevin Baxter

Contractors to submit new prices after clarification meetings for new petrochemicals plants in Saudi Arabia

Maaden net profit drops by 48 per cent Subscription Required

15 April 2014, 13:52 GMT | By Kevin Baxter

Falling commodities prices cited for lower than forecast profits by Saudi mining company  

Saudi Aramco to retender Ras Tanura refinery expansion Subscription Required

15 April 2014, 8:58 GMT | By Kevin Baxter

Oil major Saudi Aramco expected to revise scope of expansion at Saudi Arabia’s largest refinery

Saudi Arabia invites bids for Shoaiba 2 desalination expansion Subscription Required

15 April 2014, 6:50 GMT | By Andrew Roscoe

Expansion of Shoaiba 2 desalination project will increase capacity by 16 million imperial gallons a day

Saudi Arabia cancels IPP plans for Dhuba 1 Subscription Required

14 April 2014, 8:13 GMT | By Andrew Roscoe , Rebecca Spong

Project will be tendered as a standard engineering, procurement and construction contract

Saudi Arabia changes Tadawul closing price calculation method Subscription Required

14 April 2014, 8:11 GMT | By Melissa Song Loong

Move will make market less vulnerable to speculation

Mecca prequalifies 10 consortiums for metro project Subscription Required

10 April 2014, 12:35 GMT | By Andrew Roscoe

Prequalified groups have until 6 July to submit bids for first phase of metro scheme

Banque Saudi Fransi posts first quarter profit rise Subscription Required

9 April 2014, 8:07 GMT | By Rebecca Spong

Bank posts 25 per cent year-on-year net profit growth

Saudi Aramco on verge of awarding Saipem pipeline contract Subscription Required

7 April 2014, 11:51 GMT | By Kevin Baxter

Italian contractor Saipem now in front to win Saudi Aramco’s Shedgum to Yanbu natural gas pipeline

Saipem and Tecnicas Reunidas favourites for Aramco's Jizan gasification Subscription Required

7 April 2014, 9:24 GMT | By Kevin Baxter

Italian contractor set for two packages worth $3bn with Spanish contractor picking up offsites and utilities

Umm al-Qura Cement receives regulatory approval for listing Subscription Required

7 April 2014, 8:54 GMT | By Melissa Song Loong

Demand for cement in Saudi Arabia expected to rise in second quarter

Saudi Electricity Company awards substation deal Subscription Required

3 April 2014, 10:01 GMT | By Iliana Foutsitzis

Two other substation contracts were awarded in March

Saudi Electricity Company appoints WSP for power study Subscription Required

3 April 2014, 6:57 GMT | By Iliana Foutsitzis

Environmental study will be conducted at Waad al-Shamal industrial development

Acwa Power increases stake in Shuqaiq utility company Subscription Required

2 April 2014, 14:52 GMT | By Andrew Roscoe

Saudi developer now holds 40 per cent share in power project company

Sabic considers $30bn oil-to-chemicals plans Subscription Required

1 April 2014, 7:19 GMT | By Kevin Baxter

Saudi petrochemicals giant could build region’s largest single-phase downstream complex at Yanbu

Analysis

Recovery

The growing appetite for bonds Subscription Required

10 April 2014, 13:46 GMT | By Melissa Song Loong

Increased corporate activity spurred by strong economic growth is helping to expand the market

Serco is the service provider for the Dubai Metro

Bringing the region's services to life Subscription Required

10 April 2014, 13:21 GMT | By Colin Foreman

Facilities management firm Serco works quietly in the background, providing major services across various sectors in the region, but its CEO is looking to extend its reach

Power: Deputy Crown Prince Muqrin’s appointment was announced on state television

Riyadh presents a united front Subscription Required

3 April 2014, 15:00 GMT | By Kevin Baxter

The appointment of a deputy crown prince shows King Abdullah wants to end speculation about the Al-Saud family’s succession plans

Strained ties: Obama’s meeting with King Abdullah seems to have produced only modest results

US influence on the Middle East waning Subscription Required

3 April 2014, 14:18 GMT

Recent foreign policy initiatives have put Washington at odds with key allies in the GCC

Next stage: The second phase of the kingdom’s downstream industry will be much more complex

Rethinking Riyadh’s industrial plan Subscription Required

13 March 2014, 16:45 GMT | By Richard Thompson

Senior voices in Saudi Arabia say a new approach to developing the downstream sector must be adopted

Switch: Prince Mohammed has taken over the leadership of Riyadh's strategy towards Syria

Riyadh tightens foreign policy Subscription Required

13 March 2014, 15:15 GMT | By Kevin Baxter

The kingdom has adopted a more forceful approach to diplomacy in a move to align its domestic and external policies aimed at fighting terrorism and extremism

Abdulrahman al-Wuhaib Subscription Required

9 March 2014, 11:42 GMT

Abdulrahman al-Wuhaib is senior vice-president downstream, Saudi Aramco

Ziad al-Labban Subscription Required

9 March 2014, 10:53 GMT

Ziad al-Labban is CEO, Sadara Chemical Company

Halim Hamed Redhwi

20 February 2014, 7:23 GMT

Halim Hamed Redhwi is CEO, Dhahran Techno Valley; professor at King Fahd University of Petroleum and Minerals

Osama Abdulaziz Al-Zamil

20 February 2014, 7:17 GMT

Osama Abdulaziz Al-Zamil is board chairman / VP business development, Zamil Chemplast / Zamil Group

Simon Holmes

20 February 2014, 7:12 GMT

Simon Holmes is senior adviser, Saudi Arabia Elastomers Downstream Industry Development, ExxonMobil

Mosaed al-Ohali

20 February 2014, 7:07 GMT

Mosaed al-Ohali is executive vice-president, manufacturing, Polymers, Sabic

Ahmad al-Ohali

20 February 2014, 6:29 GMT

Ahmad al-Ohali is CEO, Sipchem

Talal al-Shair

20 February 2014, 6:04 GMT

Talal al-Shair is vice-chairman Tasnee and chairman and CEO Cristal

Khalid bin Saleh al-Mudaifer

20 February 2014, 5:55 GMT

Khalid bin Saleh al-Mudaifer is president and CEO, Maaden

Alaa Nassif

20 February 2014, 5:39 GMT

Alaa Nassif is executive president at Yanbu, Royal Commission for Jubail and Yanbu

Prince Saud bin Abdullah bin Thunayyan al-Saud

20 February 2014, 5:11 GMT

Prince Saud bin Abdullah bin Thunayyan al-Saud is chairman, Royal Commission for Jubail and Yanbu

Tallest buildings in the Middle East

Middle East to build more skyscrapers Subscription Required

19 February 2014, 10:49 GMT | By Jeff Florian

Kingdom Tower in Jeddah set to be tallest building in the world

Comment

Dubai: Infrastructure requires new sources of funding

Race for Mecca metro deals

17 April 2014, 13:50 GMT

Competition for Mecca metro contracts heats up as Turkish firms dominate the field in the prequalification round

Prince Bandar bin Sultan

New policy heralds leadership change

17 April 2014, 13:13 GMT

Saudi Arabia’s foreign policy change likely one of the main reasons for intelligence chief’s resignation

Markets and bonds

Bonds market gains maturity

10 April 2014, 15:39 GMT

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Gasification at Jizan

Higher bid prices return to the GCC

10 April 2014, 15:24 GMT

European firms have been winning work again for a couple of years now, beating South Korean competition

Agenda: Obama flew to Riyadh to mend relations

US bid to mend damaged ties

7 April 2014, 15:26 GMT | By Kevin Baxter

Washington is looking to repair relations with key allies in the GCC, following its criticised decisions on Iran and Syria

Refinery

Chemicals plan hits fuel hurdle

3 April 2014, 15:21 GMT | By Kevin Baxter

A planned oil-to-chemicals project in Yanbu has huge potential, but could be derailed by the amount of subsidised fuel it needs for power

Gasification

Jizan success to attract investors

27 March 2014, 14:33 GMT | By Kevin Baxter

While the gasification scheme is expensive, it could end up paying for itself very quickly

Muslim Brotherhood

Muslim Brotherhood under scrutiny

20 March 2014, 16:31 GMT

Riyadh’s isolation of the Muslim Brotherhood will be difficult to extend regionally

Regional metro schemes

New players to fill metro void

20 March 2014, 16:26 GMT

With the region’s metro boom gathering pace, competition for resources is also mounting

Change: Riyadh needs to coordinate its approach

Rebooting the industrial plan for Saudi Arabia

13 March 2014, 16:45 GMT | By Richard Thompson

Saudi Arabia is embarking on the next phase of its industrialisation and will have to ensure development agencies are working in harmony

Riyadh

Keeping Riyadh within the fold

13 March 2014, 16:16 GMT | By Kevin Baxter

The US should not lose sight of the elevated status the kingdom enjoys with many leading economies

Doha

Riyadh metro makes progress

27 February 2014, 12:58 GMT

While similarities exist, the Doha and Riyadh metro projects are being delivered using quite different procurement methods

Oil

Aramco looks to include local firms Subscription Required

13 February 2014, 13:40 GMT | By Kevin Baxter

The firm’s new Maintain Potential Programme deal is a creative way of increasing participation of local firms

Riyadh

Riyadh ponders foreign policies Subscription Required

13 February 2014, 13:29 GMT | By Kevin Baxter

The kingdom could either take an isolationist stance on Iran or retreat back to a more diplomatic position

Budget: Aramco is retendering schemes to cut costs

Aramco filters projects spend Subscription Required

6 February 2014, 13:41 GMT | By Kevin Baxter

Fadhili power project shows oil major has decided not to plough ahead with each and every scheme regardless of the costs involved

Gas flare

Studious tactics for Saudi shale Subscription Required

23 January 2014, 14:01 GMT | By Kevin Baxter

To emulate the success seen in the US, Saudi Arabia’s burgeoning shale gas sector must conduct extensive formation studies to ensure significant development

Awards

Local contractors dominate in 2013 Subscription Required

16 January 2014, 15:46 GMT

The small size and nature of most contracts awarded last year saw local firms capitalise

Shale gas

Progress on shale gas sparks hope Subscription Required

16 January 2014, 15:45 GMT

Aramco’s shale gas scheme shows there is still a lot of work to be won in the kingdom’s energy market

UAE-Iran disputed islands

UAE-Iran islands deal would affect Gulf relations Subscription Required

16 January 2014, 12:47 GMT | By Mark Watts

Reported agreement would increase Iran’s influence in Strait of Hormuz and Oman ties

Riyadh

Riyadh moves to cut congestion Subscription Required

12 December 2013, 15:01 GMT

With a $20bn pipeline of metro construction ahead, Saudi Arabia’s capital aims for business hub status

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