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.
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.
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.