Saudi Arabia plans to build a new airport in the capital Riyadh, to serve as a base for the proposed airline the  kingdom’s sovereign wealth fund Public Investment Fund (PIF) is looking to launch as it targets a vast increase in tourist arrivals, reported Bloomberg, citing people familiar with the matter.

Saudi Water Partnership Company (SWPC) has invited expressions of interest (EoIs) for the development of Juranah independent strategic water reservoir located in the Makkah region that will boast a total storage capacity of 2.5 million cu m.

Saudi-based Sumou Real Estate Company has announced that it has awarded contracts to two local firms – International for Modern Industries Company and Modern Trains Company – for the construction of 412 residential villas in the port city of Jeddah.

Construction work is in full swing on the Formula 1’s fastest-ever street circuit, being readied at Jeddah Corniche for the inaugural Saudi Arabian Grand Prix set for December. The 27-corner Jeddah Corniche Circuit stretches to 6.

Hill International, a global leader in managing construction risk, has announced that it has been awarded a contract by the Rua Al Madinah Holding Company to provide project management support for the advance roadways package of the Madinah Central Area (MCA) development, a 1.

Saudi Arabia’s LogiPoint has awarded a SR68-million ($18.5 million) deal to Sahara Building Contractors for the construction of its multi-purpose warehousing complex, Warehouse Village V, at Jeddah Islamic Port.

Spain’s Ampo Poyam Valves has announced the launch of its new valves manufacturing and servicing plant in Dammam Second Industrial City in partnership with the kingdom’s Dar Massader Group. The two companies have partnered to form a joint local subsidiary known as ‘Ampo Arabia’, the company said.