Prince Sultan Cultural Centre will float the tender for the design of the five-star hotel within two months, a senior company official said.
Saudi Arabia’s decision to ease access for foreign contractors will speed up implementation of vital projects in the kingdom, experts said.
Saudi contractors could secure a significant number of contracts under a project to build 11 new sport stadiums in the kingdom if Saudi Aramco offers them in smaller parcels, said Fahd Al-Hammadi, chairman of the National Committee for Contractors at the Council of Saudi Chambers.
Egypt plans to offer the Sohag river port project in partnership with the private sector in mid-2015, a GAFI official said.
Egypt is expected to issue the tender for a PPP desalination plant project in Sharm El Sheikh in early 2015, said a finance ministry official.
Mazaya Qatar Real Estate Development is due to award the contract for its Marina Mall project this month, a source said.
Abu Dhabi’s Tourism Development and Investment Company invited contractors to pre-qualify for the Marina District Deep Utilities Project, Saadiyat Island.
A Spanish consortium will start delivery of electric trains for the Haramain railway at the end of the year, the president of Saudi Railways Organization said.
Dubai-based DAMAC Properties is due to award the construction contract for its Privé Hotel project in October, a source said.
State-owned Abu Dhabi General Services Company (Musanada) has invited companies to bid for the design tenders of buildings for Abu Dhabi police in the Abu Dhabi and Al Ain region.