The first Volvo Construction Equipment rotating pipelayer to get to work in Saudi Arabia is helping to build a pipeline extension through the vast Khurais oilfield. Saudi Arabia is home to the world’s second largest oil reserves, spread over approximately 100 major oil and gas fields. The Khurais Megaproject is …
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Riyadh, Saudi Arabia; 18 September 2014 – The return on buildings as a proportion of GDP in Saudi Arabia is one of the lowest among major economies but should rise sharply in the years to 2022, the annual MEED Saudi Mega Transport & Infrastructure Conference was told this morning. “Saudi …
Read More »Riyadh, Saudi Arabia; 16 September 2014 – Leading project management firms are focussing growing attention on the opportunities emerging in the megaprojects market of Saudi Arabia, industry experts say. According to MEED data, a total of more than 80 megaprojects each worth at least $1bn, are under way or planned …
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MEED’s Saudi Mega Transport & Infrastructure Projects conference to detail challenges and opportunities in kingdom’s transportation and infrastructure sectors Riyadh, Saudi Arabia; 09 September 2014 – Saudi Arabia is set to remain the Middle East’s largest projects market for the foreseeable future as the kingdom focuses on job creation and …
Read More »Work will soon begin on a major residential construction project. The project, which comes from the Saudi Arabian Ministry of Finance’s Public Investment Fund (PIF) will see around SAR55 billion (approx. £8.5 billion) worth of funds pumped into the building of homes in Madinah. According to local source Al-Madinha Daily, …
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