Tuesday 29 July 2014
Saudi construction

Saudi’s MMG inks $120m loan deal

Saudi 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


Saudi construction deals top $22bn in H1

The 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


Saudi construction sector to grow 4pc

Saudi 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


CPC wins ITP's best supplier award

Construction 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


Saudi construction value to hit $23bn in '09

Saudi 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


Saudi construction sector to shrink by 0.7pc

The 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

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