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Saudi Arabia News and Analysis

News

Premier Inn

Premier Inn focuses on GCC expansion Subscription Required

23 October 2014 | By Philippa Wilkinson

More than 100 hotels projected over 20 years, seven announced, four in negotiations

Desalination

Deadline extended for Saudi desalination contracts Subscription Required

22 October 2014 | By Andrew Roscoe

Work will involve building three desalination plants

Al-Sawfa Cement awards $127m plant deal

Al-Sawfa Cement awards $127m plant deal Subscription Required

22 October 2014 | By Kevin Baxter

Germany’s ThyssenKrupp Industrial Solutions wins deal to build production line

Aramco gas exports

Aramco awards Sepco $1.3bn gas contract Subscription Required

22 October 2014 | By Kevin Baxter

Chinese contractor secures booster compressor stations deal after close bid round

Saudi Arabia planned rail networks

Saudi Railway Company to prequalify contractors for Landbridge

21 October 2014 | By Colin Foreman

Tenders expected in late 2015 or early 2016

Construction

Saudi Aramco tenders 2,500 villa contract Subscription Required

21 October 2014 | By Andrew Roscoe

Work will also involve providing supporting infrastructure

Aramco sets stadium construction award date

Aramco sets stadium construction award date Subscription Required

21 October 2014 | By Colin Foreman

Nine groups preparing to submit bids for programme

Saudi Arabia’s Umm al-Qura for Development & Construction Company is expected to award the the estimated SR6bn ($1.6bn) contract to design and build infrastructure for the King Abdul Aziz Road development project by the end of October

Saudi Arabia to award King Abdul Aziz Road in October Subscription Required

21 October 2014 | By Colin Foreman

Two bidders shortlisted for infrastructure contract

Jeddah-headquartered asset manager Sedco Capital is looking to increase the distribution of its sharia-compliant funds outside its client base in Saudi Arabia

Sedco Capital looks for clients outside Saudi Arabia Subscription Required

21 October 2014 | By Rebecca Spong

Saudi firm targets ethically focused investors

Riyadh completes work on initial stages of water storage project

Riyadh completes work on initial stages of water security project Subscription Required

20 October 2014 | By Philippa Wilkinson

First phase will store up to 600,000 cubic metres

Yokogawa wins Rabigh 2 power plant control systems deal

Yokogawa wins Rabigh 2 control systems deal Subscription Required

20 October 2014 | By Philippa Wilkinson

Saudi power plant being built by Samsung C&T

NCB is pushing forward with plans to list on the Tadawul, despite criticism from some Islamic clerics

Saudi Arabia’s NCB pursues listing in face of criticism Subscription Required

19 October 2014 | By Rebecca Spong

Bank says initial public offering is sharia-compliant

Saudi construction awards

Four groups submit bids for $2.6bn Saudi medical city Subscription Required

19 October 2014 | By Andrew Roscoe

King Khaled Medical City in Dammam will include 1,500-bed hospital

Saudi British Bank profits increase in third quarter

Saudi British Bank profits increase in third quarter Subscription Required

19 October 2014 | By Rebecca Spong

Results reflect wider banking sector growth

Rafal tenders Riyadh residential tower

Rafal tenders Riyadh residential tower Subscription Required

15 October 2014 | By Philippa Wilkinson

Saudi development company seeks bids for residential tower and offices

Aramco receives stadium project management bids

Aramco receives stadium project management bids Subscription Required

15 October 2014 | By Colin Foreman

Sports arenas will be built at 11 locations across kingdom

Saudi Rail Projects

Contractors submit bids for Mecca Metro Subscription Required

14 October 2014 | By Colin Foreman

Deals cover above and underground works for light rail network

Saudi Hollandi Bank has reported a 6.6 per cent increase in profits for the third quarter of this year

Saudi Hollandi sees growth in third-quarter profits Subscription Required

14 October 2014 | By Rebecca Spong

Results dip slightly compared with preceding quarter

Saudi energy awards

Saipem and CCC win at Aramco's Khurais field Subscription Required

13 October 2014 | By Kevin Baxter

Contractors will sign for main packages at $3bn oil field expansion project by end of October

Sabic has given international contractors until 2 November to submit tenders for its planned acrylonitrile plant

November deadline for Sabic acrylonitrile plant tender Subscription Required

13 October 2014 | By Kevin Baxter

Three contractors bidding for long-awaited petrochemicals scheme

Analysis

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

Saudi banks quarterly profits

Saudi lenders post solid third-quarter profits Subscription Required

16 October 2014 | By Rebecca Spong

Kingdom’s banking sector remains highly competitive

Nationals in petrochemicals workforce

GCC chemicals industry creating local jobs with varied success Subscription Required

14 October 2014 | By Mark Watts

Industry group says almost 150,000 people directly employed in regional chemicals sector

Selected GCC industrial EPC awards

GCC hits slump in non-oil industrial spending Subscription Required

1 October 2014 | By Mark Watts

Contract spending on industrial projects has dropped for four years with only $1.5bn awarded to date in 2014

GCC oil and gas awards

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

Comment

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

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

2 October 2014 | By James Gavin

Kingdom’s discomfort is clearly evident

Construction workers

Solving the Saudi labour crisis

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

18 September 2014 | By Mark Watts

Global overcapacity could mean lower margins for expanding GCC industry

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 Subscription Required

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 Subscription Required

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

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