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Dubai DSI wins construction deal worth USD460m in Saudi Arabia
Dubai's Drake & Scull International said its general contracting unit has won a SAR 1.73 billion(USD 460 million) contract from Lamar Investment and Real Estate Development Co. in Saudi Arabia.
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Qatari Diar invests USD300m for hotel in Morocco
Qatari Diar Real Estate Investment Company has plans to venture into a large-scale investment project in the Middle East and North Africa (MENA) in the very near future, an official source told Zawya.
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Fifth of firms in Saudi Arabia still in red zone
25% of Saudi firms are still in the red zone two years after the implementation of Nitaqat program, said Ahmed Al-Hemaidan, undersecretary at the Ministry of Labor, stressing the fact that they are bound to move to the green zone once penalties are imposed on them.

