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| Infrastructure |
| UK Bank HSBC sees big opportunities in Iraq |
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The Iraqi subsidiary of UK bank HSBC is eyeing opportunities to fund infrastructure projects as the country is being rebuilt, while the lender gradually opens more branches, the unit’s chief ...
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| Kingdom to spend SR1.44 trillion in 9th Plan |
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The Council of Ministers endorsed the Ninth Five-Year Development Plan (2010-14), which has allocated SR1.44 trillion ($385 billion) for various infrastructure and welfare projects.
The ...
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| Saudi Arabia tops GCC countries in terms of infrastructure projects |
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Saudi Arabia dominates spending on rail, road and public transportation projects, according to a recent study by research company Business Monitor International (BMI).
The study noted ...
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| Swedish firm to execute sewage project in Baghdad |
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A new sewage project in the Iraqi capital will be executed by the Swedish firm EPC, the Baghdad Mayoralty said.
“Work on the project will start within the coming days,” the mayoralty said ...
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| Qatar signs $576m infrastructure contracts |
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Qatar’s Public Works Authority (Ashghal) has signed contracts worth QR2.1bn ($576m) as the Gulf state continues to invest in its infrastructure.
The deals were inked with various companies ...
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| Saudi Arabia spent $ 5.6 bn on projects in Q1 |
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Saudi Arabia awarded development contracts worth 20.9 billion riyals (USD 5.6 billion) in the first quarter, down almost 50% from last year, as the oil exporter pursues a five-year infrastructure ...
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| $171 million for sewage, $85.5 million for electricity in Basra |
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According to future plans to develop Basra, ID200 billion will be allocated to the province’s sewage systems and ID100 billion to electricity.
“Basra will get revenues from oil exports ...
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