Construction MENA Edition
Latest News
Saudi Arabia, Pakistan 'to sign deals worth up to $20bln
More than 30 public and private companies are poised to invest in Pakistan, including Saudi Aramco, SABIC and ACWA Power
Dubai RTA opens main bridge at intersection of Expo Road, Al Asayel Street
RTA has partially opened three lanes in each direction of the bridge on Expo Road
Saudi Arabia's Red Sea projects to ‘generate 57,000 jobs’
Amaala is the new luxurious tourist destination, which will also stimulate economic growth and diversify the tourism industry
Saudi equities make up 75% of PIF's assets, says fund's chief
Yasir Al-Rumayyan tells Abu Dhabi conference that local equity investments outweigh holdings in major projects, other real estate and infrastructure assets
Port of Rotterdam braces for the consequences of Brexit
Another large source of concern is the way Britain will deal with goods destined for the EU.
Aldar's stock surges 12% on rise in Q4 net profit and higher dividend for 2018
Analyst says increase in dividends should support the stock on the near term, maintains a buy recommendation
New joint venture plans to invest up to $1bln in Gulf infra projects
Investcorp and Aberdeen Standard Investments plan to take equity stakes of between $40-60mln in roads, rail, housing, healthcare and other schemes
Emaar Development records 74% growth in revenue in 2018
Emaar Development reported a net profit of $382million
$846bln to be spent on oil, gas upstream projects by 2025
Royal Dutch Shell leads among all oil and gas companies, expected to spend $54.6bln
Saudi king launches $8bln in development projects in capital
Development projects in areas ranging from healthcare, education and housing to public transportation and state services.
Insights
Vale iron ore dam disaster may force China steel mills to change: Russell
Lower availability of higher grades of iron ore after the collapse of a dam at a mine owned by Brazil's Vale.
Saudi construction gets a big boost
Saudi Arabia has unveiled economic reforms under Vision 2030 and construction sector has a robust project pipeline
"AI" to hit hardest in U.S. heartland and among less-skilled workers: study
Automation spreads in food service and construction, industries that have been a fallback for many.
