1 Saudi Arabia Focus
Saudi mega cities take off
- Work is under way at the first of Saudi Arabia’s six new economic cities. The projects at Madina, Hail, Tabuk, Jizan, Ras Az Zour and Rabigh, are designed to accelerate major regional development.
- Saudi Arabia: Sunday, April 20 - 2008 at 12:31
Saudi mortgage law awaits confirmation
- Saudi banks and developers expect that a regulatory framework governing the provision of housing finance, in particular mortgages, will be agreed soon. Draft proposals are being considered by Saudi Arabia’s Consultative Council (Majlis Al-Shura).
- Saudi Arabia: Sunday, March 30 - 2008 at 15:34
Saudi rail projects build up steam
- The Kingdom’s railway development programme is beginning to gain traction with Saudi Railways Organisation (SRO) stating that an award for the strategic rail link connecting Jeddah and Dammam via Riyadh will be made by June.
- Saudi Arabia: Thursday, March 06 - 2008 at 00:29
Saudi education development is economic priority
- Saudi Arabia spent some $15bn on educational development in 2007, mainly to fund existing and open new universities as part of a priority programme to develop higher education.
- Saudi Arabia: Thursday, February 14 - 2008 at 11:47 |
Saudi sovereign fund could be global leader
- The vice-governor of Saudi Arabian Monetary Agency (Sama), Mohammed Al-Jasser has confirmed that the Kingdom intends to establish a sovereign wealth fund. The fund is expected to have an initial $6bn capital which is probably going to be invested into equities, he says
- Saudi Arabia: Tuesday, January 29 - 2008 at 11:03 |
Saudi economic reform to accelerate in 2008
- King Abdullah’s instruction that government departments step up their performance by simplifying procedures and maintaining regular contact with those who receive their services is a strong indication that economic reform is to be accelerated.
- Saudi Arabia: Wednesday, January 23 - 2008 at 13:51 |
Saudi bourse opens up to foreign investors
- Saudi Arabia’s Tadawul All Share Index (Tasi) closed above 11,000 points in mid-December, the highest it has been in 14 months, and displaying a consistent recovery from its low point in 2006.
- Saudi Arabia: Saturday, December 15 - 2007 at 15:07 |
'Risk averse' Saudis look to manufacturing
- Saudi Arabia is putting investment and training into the manufacturing sector, as it pushes to become less reliant on oil for its economy. But the kingdom is facing increased pressure to improve training and education, and to become less risk averse.
- Saudi Arabia: Monday, November 26 - 2007 at 00:33 |
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