Saudi Arabia Focus
Saudi power sector set for huge expansion
- A decision is awaited from the Supreme Economic Council on plans for the majority state-owned Saudi Electricity Company (SEC) to become a holding company and its generation business to be split into four units in preparation for the eventual privatisation of at least three of them.
- Saudi Arabia: Thursday, June 19 - 2008 at 13:06
Saudi banking enters an era of growth
- Saudi Arabia's banking sector, with assets totalling $290bn, is among the most profitable and efficient in the region and looks set to expand much further.
- Saudi Arabia: Sunday, June 08 - 2008 at 12:27
Aramco sets global strategy
- As Saudi Aramco marks the 75th anniversary of oil extraction in the kingdom the state-owned company has embarked on a vast investment programme and corporate developments aimed at maintaining its pre-eminent role in the international petroleum industry.
- Saudi Arabia: Sunday, May 25 - 2008 at 11:55 |
Saudi profits from mineral wealth rush
- State-owned Saudi Arabian Mining Company (Maaden) will launch an initial public offering of 50% of its equity in July. The float represents the Middle East's largest ever mining company IPO.
- Saudi Arabia: Thursday, May 22 - 2008 at 17:23
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 |
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