Korea’s leading power solutions company Doosan Heavy Industries and Construction said it has jointly signed a $900-million contract with global energy supplier Engie for the construction of a combined cycle power plant (cogeneration plant) at the Fadhili gas plant, located 85 km northwest of Jubail Industrial Port in the Eastern Province.
Al Akaria, a leading Saudi real estate development company, has announced plans to set up a new contracting and building construction works company. The move comes following regulatory approval from the Ministry of Commerce and Investment.
Emaar has launched its third residential project at Jeddah Gate – a masterplannned community in Jeddah – under its Emaar Residences brand of homes. According to Emaar, the location of Emaar Residences is unique as it is part of an integrated development.
The Saudi government is presently working on more than 1,148 projects in Madinah worth over SR3 billion ($800 million) and aims to complete them this year, said a report. These include developmental projects such as playing grounds and public parks which will cost SR9 million ($2.
Advanced Construction Technology Services (ACTS) has been awarded a contract to carry out testing and analysis on construction materials to be used for the Riyadh Metro Lines One and Two.
King Abdullah Economic City (KAEC), the largest privately funded new city development in the world, has signed a contract with Alshaya International Trading Company to lease a 91,000-sq-m area located in the third phase of the Industrial Valley.
Saudi Arabia’s General Authority of Civil Aviation (GACA) is gearing up to move ahead with two key airport projects at Qunfudah and Taif in the kingdom. It has taken delivery of land allocated for the new economic airport at Qunfudah to the north of Makkah province, which will be built on a build-transfer-operate (BTO) basis.
Doosan Infracore Portable Power (DIPP) and Saudi Diesel Power Equipment Division recently launched Doosan’s latest, eco-friendly hi-tech generators at an event held at the Marriot Hotel in Riyadh, Saudi Arabia.
Saudi Arabia’s education ministry has announced plans to launch a partnership initiative with the private sector to develop school buildings and infrastructure across the kingdom.
