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Saudi Arabia News and Analysis

News

Jabal Omar development

Saudi developer cancels $426m contract Subscription Required

3 September 2015 | By Hossam Abougabal

Jabal Omar development is a 2.5 million square metre mixed-use real estate scheme

Frigate

Saudi Arabia looks to buy US warships Subscription Required

3 September 2015 | By Philippa Wilkinson

Deal valued at more than $1bn

Riyadh

Saudi mall project announced Subscription Required

3 September 2015 | By Philippa Wilkinson

137,000-square-metre project located in northern Riyadh

Riyadh Metro

Riyadh metro contract awarded Subscription Required

3 September 2015 | By Philippa Wilkinson

Award for lines 1 and 2 of the light rail scheme

Solar

Saudi Arabia may drop solar from integrated power schemes Subscription Required

3 September 2015 | By Andrew Roscoe

Solar components have added significantly to cost of projects

Saudi Arabia

Frontrunners emerge for Fadhili gas plant Subscription Required

1 September 2015 | By Mark Watts

European and South Korean companies compete for year’s largest Saudi oil and gas project

Saudi Electricity Company seeks financing

Saudi Electricity Company seeks financing Subscription Required

1 September 2015 | By Philippa Wilkinson

Bonds and bank credit to finance projects

Mecca

Simulation exercise under way for Mecca pilgrim metro Subscription Required

31 August 2015 | By Jennifer Aguinaldo

Contractor undertakes 24-hour exercise for metro that transports millions during hajj

Saudi Aramco

Deadly blaze hits Aramco housing complex Subscription Required

30 August 2015 | By Mark Watts

At least seven people killed by fire at Radium workers’ accommodation

Saudi riyal devaluation nixed

Saudi riyal devaluation nixed Subscription Required

26 August 2015 | By Philippa Wilkinson

Central bank will maintain peg at same level

UAE firm signs Egypt solar agreement

Bidders wait on award for Saudi power project Subscription Required

26 August 2015 | By Andrew Roscoe

Final prices were received on 9 July

Gas plant

Bidders still waiting for Fadhili gas plant news Subscription Required

26 August 2015 | By Andrew Roscoe

Bids for processing plant were submitted in late July

Stock market

GCC stock markets bounce back Subscription Required

26 August 2015 | By Philippa Wilkinson

Gulf equity markets begin recovery from week of losses

Shale gas drilling rig on a field

Japanese group awarded Saudi shale gas project Subscription Required

25 August 2015 | By Mark Watts

System A to be followed by larger expansion to supply mining operation in north of the kingdom

The Saudi Stock Exchange (Tadawul)

Tadawul leads further day of GCC market losses Subscription Required

25 August 2015 | By Philippa Wilkinson

Sell-off moderates but Saudi Arabia suffers

Mecca in Saudi Arabia

Prequalifiers for Saudi airport scheme to be announced soon Subscription Required

24 August 2015 | By Jennifer Aguinaldo

Deadline for submissions has been moved to 26 August

OIl barrels

Crude prices hit six-year low on Chinese stock crash Subscription Required

24 August 2015 | By Mark Watts

Concerns over Chinese slowdown see oil prices hit lows of 2008/09 financial crisis

Jubail Industrial City

Aramco considers new industrial city in Eastern Province Subscription Required

24 August 2015 | By Mark Watts

Report claims companies bidding to establish development zone in Al-Ahsa district

Oil price erosion forms cracks between Opec members

Iran calls for Opec emergency meeting Subscription Required

24 August 2015 | By Jennifer Aguinaldo

Current policy to defend market share hurts Iran and other less affluent Opec members

Until 2007, state-backed Saudi Arabian Airlines (Saudia) had a monopoly of the market

Saudi airlines get ready for competition Subscription Required

24 August 2015 | By Jennifer Aguinaldo

New entrants face double effect of low oil prices and strong dollar

Analysis

Stock markets

Global uncertainty hits GCC stock markets Subscription Required

24 August 2015 | By Philippa Wilkinson

China worries impact commodity prices and shares

Top 100 projects Q2 2015

Iraq projects market value collapses in Top 100 projects index Subscription Required

19 August 2015 | By Robert Jones

But the value of the index in the second quarter edges higher

In 1922, the future king of Saudi Arabia, Abdulaziz al-Saud was the sultan of the Najd, with ambitions that encompassed the domains of Kuwait’s emir Sheikh Ahmed al-Sabah. Abdulaziz’s son Salman bin Abdulaziz (pictured) succeeded to the Saudi throne in Ja

Understanding the Divided Zone dispute Subscription Required

16 August 2015 | By Edmund O'Sullivan

Land, oil, money and pride are all at stake in the dispute between Kuwait and Saudi Arabia over the Divided Zone

GCC price indices 2015

Oil price volatility hits stock markets Subscription Required

14 July 2015 | By Philippa Wilkinson

Mixed results for GCC equity markets during first half

Construction

Saudi Arabia dominates region's project finance sector Subscription Required

14 July 2015 | By Philippa Wilkinson

Uncertain pipeline for second half of year, but 2016 shows promise

Power plant

Saudi Arabia and Qatar prop up GCC power sector Subscription Required

9 July 2015 | By Andrew Roscoe

Power contract awards down 58 per cent year-on-year

Oman seeks interest in Duqm acetic acid plant

Governments turn to private sector for project funding Subscription Required

9 July 2015 | By Philippa Wilkinson

Sustained lower oil prices could push governments towards alternative lending models

GCC oil and gas contract awards 2009-15

Kuwait buoys slump in GCC oil and gas spending Subscription Required

8 July 2015 | By Mark Watts

Contract awards slow in key Middle East oil-exporting markets

Central Bank of Bahrain

GCC governments turn to debt Subscription Required

7 July 2015 | By Philippa Wilkinson

Debt issuances welcomed by banking community

Sum of GCC contract awards and Brent crude oil price

Saudi Arabia project awards resilient amid GCC decline Subscription Required

7 July 2015 | By Wil Crisp

GCC first-half contract awards fall by almost a third amid low oil prices

Etihad Rail awards employee housing deal

Transport awards dip as decision making slows in 2015 Subscription Required

7 July 2015 | By Jennifer Aguinaldo

Project awards value during the first half of 2015 contracts by 36 per cent compared to figures from the same period last year

Comment

Jennifer Aguinaldo

Why Gulf VAT could be bad news Subscription Required

19 August 2015 | By Jennifer Aguinaldo

Imposing value-added tax (VAT) across the Gulf seems likelier than ever

Jennifer Aguinaldo

The case for private financing Subscription Required

21 July 2015 | By Jennifer Aguinaldo

Fiscal constraints may not be the best reason to turn to PPP but it is the strongest driver yet for its acceptance in the region

Colin Foreman

Second half excitement for Saudi stadiums Subscription Required

8 July 2015 | By Colin Foreman

Progress has been disappointing in the first half of the year

Colin Foreman

Conflicting data on Saudi economy Subscription Required

5 July 2015 | By Colin Foreman

Full impact of lower oil prices has not been realised

Kevin Baxter

Riyadh's quest to maintain oil supremacy Subscription Required

30 June 2015 | By Kevin Baxter

High production is Saudi Arabia playing to its strengths and nothing more

Richard Thompson

MEED Video Board Report, June 2015 Subscription Required

18 June 2015 | By Richard Thompson

The outlook for oil prices, a slowdown in GCC projects and rising security concerns

Philippa Wilkinson

A whimper not a bang for the Tadawul Subscription Required

16 June 2015 | By Philippa Wilkinson

The much anticipated opening of Saudi Arabia’s stock exchange is likely to underwhelm

Kevin Baxter

Riyadh walking a fine line Subscription Required

16 June 2015 | By Kevin Baxter

At best the region could be heading for a sectarian cold war, at worst all-out conflict

Kevin Baxter

Aramco’s eye turns back to downstream Subscription Required

9 June 2015 | By Kevin Baxter

But it is probably not the start of capital spending in downstream schemes

Colin Foreman

Changing the status quo of Saudi construction Subscription Required

9 June 2015 | By Colin Foreman

Saudi Aramco’s setting up of a new project management company looks set to change the status quo of the kingdom’s construction industry

Kevin Baxter

Where next for Opec? Subscription Required

9 June 2015 | By Kevin Baxter

A new era of diversity in supply is sending shockwaves through the organisation

Iraq’s Oil Minister Adel Abdul Mahdi (left) and Iran's Petroleum Minister Bijan Zangeneh

Opec sidesteps issue of Iran and Iraq crude glut Subscription Required

4 June 2015 | By Mark Watts

Cartel well exceeding quota as Tehran lays out plan to add significant exports

Syrian war: The conflict is now in its third year

Diplomacy has few advocates in the Middle East Subscription Required

2 June 2015 | By Dominic Dudley

More than 100,000 lost their lives in 2014

Colin Foreman

Oil price drop stress tests GCC projects Subscription Required

26 May 2015 | By Colin Foreman

There are long term positives to the slowdown

Wil Crisp

Divided Zone dispute likely to be costly for Kuwait Subscription Required

19 May 2015 | By Wil Crisp

Dispute with Saudi Arabia has caused reputational damage

Aramco strategy needs to factor in cheap oil

Aramco strategy needs to factor in cheap oil Subscription Required

14 May 2015 | By Kevin Baxter

Reports that US shale oil is dead are completely wrong

Kevin Baxter

Creating a giant ministry Subscription Required

12 May 2015 | By Kevin Baxter

A new ‘super ministry’ in Saudi Arabia would give the king’s sons a huge power base

Rig

Aramco rewards investors in the region Subscription Required

11 May 2015 | By Kevin Baxter

McDermott has made a big commitment that is paying off

King Salman bin Abdulaziz al-Saud

Riyadh's spring clean Subscription Required

5 May 2015 | By Kevin Baxter

King Salman has made it clear he is willing to depart from the policies of his predecessors and inject new life into the kingdom’s corridors of power

Mark Watts

Downstream projects most under threat Subscription Required

4 May 2015 | By Mark Watts

Refining and petrochemicals developments in the region are bearing the brunt of lower oil prices

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