01 MARCH 2001
Al Baraka to build Moroccan hotels
Jeddah: The Saudi Dallah Al Baraka Group will be investing $100 million for the construction of four luxury hotels in the Moroccan holiday resort of Agadir, the Moroccan Finance Ministry has announced. The group is owned by Shaikh Saleh Kamil. The properties will be operated by one of the group's subsidiary companies.
The deal is the second major success in Morocco for Al Baraka, which recently signed a memorandum of understanding with the Moroccan government to build a large tourist complex at Taghazout, also in the Agadir region. A feasibility study into the project is currently being carried out.
Makkah projects to cost $134m
Makkah: Allocations totalling SR504 million ($134 million) have been approved in this year's budget for the implementation of projects in Makkah and its affiliated governorates.
According to Makkah mayor Dr Fuad Ghazali, 14 new projects will be carried out at a total cost of SR307 million, in addition to SR84.4 million which has been earmarked for the completion of projects already approved in the past fiscal year. Apart from this, he added, SR260 million has been allocated for operation and maintenance of some projects including cleaning services in Makkah.
SWCC budget set at $877m
Riyadh: The Saline Water Conversion Corporation's (SWCC) approved budget for the current financial year 2001-2002 is SR3.29 billion ($877.26 million). Five new projects have been approved by the SWCC at a cost of SR718 million. They include maintaining the Riyadh and Qassim pipelines, laying water tapline pipes to Hofuf, the renovation of desalination plants and their utilities and replacing the control communication systems for the Jubail-Riyadh water lines.
A sum of SR685 million has been approved for existing projects. Among the project on the anvil is a desalination plant in Jubail which will produce an estimated 78,181 cu m of water daily. The total cost of this project is SR525 million.
Dome set on Jeddah mall
Jeddah: Skylite Industries has completed fabrication and installation of a pyramidal dome above the main hall and corridors of the Al Tahliah Shopping Centre project in Jeddah. Zamil Glass provided high-performance Heat Mirror double-glazing for the dome to reduce direct heat and penetration of ultraviolet rays.
"This unique dome was completed in a record period of 10 weeks and used 1,100 sq m of Heat Mirror glass," said Atif Ali Rewiha, sales and marketing manager of Skylite Industries.