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Saudi’s MMG inks $120m loan dealSaudi construction firm Mohammad Al Mojil Group (MMG) signed a SR450 million ($120 million) loan deal to help support its balance sheet, it said in a statement on Sunday. The loan will 'support the solvency of the company and its opera More… |
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Saudi construction deals top $22bn in H1The value of construction contracts awarded in Saudi Arabia during the first half of this year reached SR84.2 billion ($22.45 billion), a report said. Contracts awarded during the second quarter of the year was SR34.5 billion, according to More… |
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Saudi construction sector to grow 4pcSaudi Arabian construction industry is poised to achieve a 4 per cent growth to reach a value of SR87 billion ($23.19 billion) this year, according to a report. The sector’s annual growth is expected to be maintained at the same rate till More… |
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CPC wins ITP's best supplier awardConstruction Products Holding Company (CPC International) was recently awarded the best provider of building materials prize by Dubai-based publisher ITP in the category of "Best Achievement in the Saudi Construction Sector." "This award r More… |
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Saudi construction value to hit $23bn in '09Saudi Arabia’s construction sector is expected to achieve a 0.05 per cent growth in real terms, reaching a nominal value of SR87.23 billion ($23.2 billion) in 2009, said the organisers of a major upcoming construction event in Riyadh. Riya More… |
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Saudi construction sector to shrink by 0.7pcThe construction industry in Saudi Arabia is poised to shrink by 0.7 per cent, down to SR72.57 billion ($19.38 billion) this year mainly due to the global slowdown, said a report. Last year the real industry value contracted by 0.2 per cen More… |
