Aramco to invite Manifa bids
Saudi Aramco is expected to invite bids in August for contracts worth an estimated $3bn for the development of its Manifa oilfield, AP reports. On completion, the $10bn ...
Huta $67m KAEC contract
The local Huta Group has won a $67m deal to build water canals at King Abdullah Economic City on Saudi's Red Sea coast. Emaar, The Economic City is the developer. The co...
Building costs push inflation
Saudi's annual inflation is likely to average about 2.7% in 2007, its highest level in at least five years, according to a Citigroup report cited by Reuters. An increase...