Monday 11 December 2017

Dafza, Saudi ECA in deal to drive foreign investments

The Dubai Airport Freezone Authority (Dafza) has signed a strategic memorandum of understanding (MoU) with Saudi Arabia's Economic Cities Authority (ECA) aimed towards developing proposals and suggestions that can help drive in more potentia


Red Sea Housing to construct labour camp at JEC

Red Sea Housing Services Company, a modular housing solutions provider, said it will begin construction of the first phase of a SR60 million ($15.9 million) industrial labour camp in Jazan Economic City (JEC) by the first quarter of next year.


Aramco seeks $12.5bn for Dow project

State-owned oil giant Saudi Aramco is seeking to raise $12.5 billion in debt to help finance its joint venture with Dow Chemical, according to a report in Project Finance International (PFI), a unit of Thomson Reuters. Saudi Aramco has sen


HSBC sees record ME project finance growth

HSBC may surpass its record in 2009 for project finance advisory mandates in the Middle East this year despite tougher conditions due to more selective bank lending, a senior executive said on Tuesday. HSBC is involved in more than 20 proj

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