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Saudi Arabia News and Analysis

News

Jeddah traffic

Jeddah road accidents costing city $500m

17 September 2014 | By Kevin Baxter

Saudi Arabia’s second largest city needs an integrated transport network to help stem tide of fatalities

football stadium

Aramco tenders project management for stadiums Subscription Required

16 September 2014 | By Colin Foreman

Construction contracts to be tendered in November

Riyadh construction

Contractors need to learn how to say no to succeed in Saudi

16 September 2014 | By Kevin Baxter

Construction expert says key to success is sticking to core business in the kingdom

Saudi construction

Saudi construction sector still challenging

16 September 2014 | By Kevin Baxter

Huge rise in megaprojects is putting enormous strain on resources

Metro

Non-oil sectors driving Saudi growth

16 September 2014 | By Kevin Baxter

About 37 per cent of projects under execution are in the transport sector

Riyadh

Riyadh's reserves offset risk from falling oil prices

16 September 2014 | By Richard Thompson

NCB chief economist Said al-Shaikh says Saudi Arabia is better placed than in the past to manage the risk from oil price drops

Refinery

Saudi Arabia tenders Ras Tanura clean fuels and aromatics Subscription Required

16 September 2014 | By Kevin Baxter

Ten contractors prequalified to bid for downstream scheme in kingdom’s Eastern Province

oil rig

Saudi Aramco planning to increase Manifa capacity Subscription Required

16 September 2014 | By Kevin Baxter

Scheme to potentially ramp up offshore field in very early stages

King Fahd Causeway

Firms prepare bids for Saudi-Bahrain causeway Subscription Required

15 September 2014 | By Colin Foreman

Marine works involve building a new island

A refinery in central Vietnam

Saudi Aramco mulls plans to develop Vietnam refinery Subscription Required

14 September 2014 | By Kevin Baxter

Local sources claim new joint venture scheme could have a budget as high as $22bn

Maaden is expected to make a decision by the end of September on the last two remaining technical packages for its $7bn phosphates city at Waad al-Shamal

Maaden to award remaining Waad al-Shamal packages Subscription Required

9 September 2014 | By Kevin Baxter

Two contracts still under evaluation after initial bids were too high

A Saudi border guard stands next to a fence on Saudi Arabia's northern borderline with Iraq

Riyadh plans Iraq security fence Subscription Required

9 September 2014 | By Kevin Baxter

Saudi Arabia to secure its border with northern neighbour

Mecca construction projects

Two compete for Mecca’s King Abdul Aziz Road project Subscription Required

9 September 2014 | By Colin Foreman

Design and build deal is valued at about $1.6bn

Jeddah in Saudi Arabia

Jeddah population to double in next six years

9 September 2014 | By Austyn Allison

City will have more than six million people by 2020

Global lab demand

Farabi moves $1bn plant from Jizan to Yanbu Subscription Required

7 September 2014 | By Kevin Baxter

New petrochemicals plant has secured land allocation and is now in discussions for feedstock

Electricity substation

Siemens wins Saudi Arabia electricity contracts Subscription Required

4 September 2014 | By Andrew Roscoe

German company will install components at a number of substations throughout the country

Aramco raw gas to gas plants and Saudi gas consumption

Saudi Aramco prequalifies tight gas contract Subscription Required

4 September 2014 | By Kevin Baxter

State-owned oil major pushes ahead with non-conventional project in north of kingdom

Saudi Stock Exchange (Tadawul)

Saudi Stock Exchange sees strong August Subscription Required

3 September 2014 | By Rebecca Spong

Tadawul to open up to foreigners in 2015

Gas-fired power station

Nine groups shortlisted for Fadhili power and steam plant Subscription Required

3 September 2014 | By Andrew Roscoe

15 groups submitted expressions of interest in August for the cogeneration plant

Saudi Aramco offshore rig

Saudi Aramco evaluates engineering contract bids Subscription Required

2 September 2014 | By Kevin Baxter

Two companies are expected to be selected for Maintain Potential Programme

Analysis

Rig

GCC oil and gas spend hits long-term high in 2014 Subscription Required

16 September 2014 | By Mark Watts

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Percentage of infected computers

The continued challenge of keeping assets secure Subscription Required

10 September 2014 | By Kevin Baxter

More money is being spent on protecting the region’s industrial plants

Power

Saudi Electricity Company awards $2.9bn of contracts Subscription Required

21 August 2014 | By Andrew Roscoe

State utility has already awarded more transmission contracts in the second quarter than for whole of 2013

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription Required

17 August 2014 | By Rebecca Spong

Investors face a widening and complex web of risks in the Middle East and North Africa region

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription Required

14 August 2014 | By Robert Jones

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Oil production

Saudi oil revenues expected to top $300bn Subscription Required

11 August 2014 | By Kevin Baxter

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription Required

31 July 2014 | By Kevin Baxter

The region is now the world’s second-biggest market for operating oil rigs

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription Required

23 July 2014 | By Rebecca Spong

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Stock market

Market reacts to Saudi decision to open up stock market Subscription Required

23 July 2014 | By Rebecca Spong

The opening of the Tadawul to foreign investors is widely welcomed by market

Sami al-Louzi Subscription Required

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

Harj Rai Subscription Required

20 July 2014

Harj Rai is partner in Riyadh and Dubai at Latham & Watkins

Craig Nethercott Subscription Required

20 July 2014

Craig Nethercott is partner in Riyadh and Dubai at Latham & Watkins

Salman al-Sudairi Subscription Required

20 July 2014

Salman al-Sudairi is partner, Riyadh at Latham & Watkins

Amar Meher Subscription Required

20 July 2014

Amar Meher is counsel in Riyadh at Latham & Watkins

Omar Elsayed Subscription Required

20 July 2014

Omar Elsayed is counsel in Riyadh at Latham & Watkins

Comment

Yanbu petrochemicals

The expansion challenge for Farabi

11 September 2014 | By Kevin Baxter

Building a petrochemicals plant is always difficult, but Farabi faces doing so without state ownership

Gas drilling

Aramco's essential tight gas drive

4 September 2014 | By Kevin Baxter

Domestic consumption means that every source of the resource is needed

Gasification_xl

The real work now starts for Jizan

1 September 2014 | By Kevin Baxter

Riyadh needs to ensure region is an attractive proposition to investors

non-conventional gas

Aramco's $40bn plans could be tip of iceberg

28 August 2014 | By Kevin Baxter

The development of non-conventional gas and maintaining upstream assets will not be cheap

Riyadh

Tadawul access a positive sign

24 July 2014 | By Rebecca Spong

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region

22 July 2014 | By Rebecca Spong

Gulf region will become more appealing to international investors

Banking

Saudi banks look to new markets Subscription Required

17 July 2014 | By Rebecca Spong

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Drilling

Shale gas faces a tight fight Subscription Required

17 July 2014 | By Kevin Baxter

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Aramco: Investing in future development

Saudi Aramco takes the lead in development Subscription Required

17 July 2014 | By Kevin Baxter

Since its formation, it has led development in the kingdom, stepping beyond the remit of its core business. Today, it shows no signs of slowing down

Refinery

Case grows for subsidy cuts in Saudi Arabia Subscription Required

10 July 2014 | By Kevin Baxter

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

Renewable energy

Saudi Arabia renewables plans falter Subscription Required

10 July 2014 | By Andrew Roscoe

The future of King Abdullah City for Atomic and Renewable Energy is not clear

Mining

Maaden’s new funding source Subscription Required

3 July 2014 | By Rebecca Spong

The involvement of foreign banks in a $5bn financing for the phosphates city project opens up new funding options for the mining company

Construction

Contractors await market revival Subscription Required

19 June 2014 | By Andrew Roscoe

Construction contract awards for the first half of 2014 are 66 per cent down on the same period in 2013

Gasification

Aramco enjoys success at Jizan Subscription Required

12 June 2014

The firm has managed to trim $3bn off the Jizan plant’s tender prices, with construction now under way

Offshore oil

Saudi Aramco takes a breather Subscription Required

5 June 2014

Last year was comparatively quiet for the oil giant as it consolidated its position and made plans for the future

Aviation

Airport projects make progress Subscription Required

29 May 2014

Governments across the GCC are ramping up aviation infrastructure, with Saudi Arabia, Qatar and the UAE all making significant strides

Saudi Arabia

High government spending justified Subscription Required

22 May 2014

Riyadh’s budgeted spending in 2014 reaches new highs and will address the need for social infrastructure

Oil

Firms line up for offshore work Subscription Required

15 May 2014 | By Kevin Baxter

It is clear the next five years will be a busy time for offshore contractors, and a highly competitive bidding process is expected to follow

Riyadh

Saudi Arabia banks key to debt settlement Subscription Required

8 May 2014 | By Rebecca Spong

AH Al-Gosaibi’s plan to settle its debts will only bear fruit if Saudi and foreign lenders work together

Shale gas

Saudi shale ambitions take back seat Subscription Required

1 May 2014

The costs of producing shale gas are falling every year, which means Aramco can take its shale plans slowly until its planned date of 2020

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