Monday 21 April 2014

Damac awards Riyadh project to Binladin unit

Dubai-based real estate developer Damac Properties has awarded the main construction contract in its Riyadh project Damac Esclusiva Luxury Serviced Apartments to Haramain Gate for Construction, a subsidiary of Binladin group. The


Tata Steel wins major Saudi rails contract

India's Tata Steel has won an order to manufacture 60,000 tonnes of high-quality rail for a new high-speed line linking the two holy cities of Makkah and Madinah in Saudi Arabia.   The new railway will allow


Makkah railway station to cost $853m

The Haramain Railway’s main station in Makkah will cost SR3.2 billion ($853.28 million) to build, Saudi Transport Minister Jabara Al-Seraisry was quoted as saying. The minister was speaking after inspecting the progress of work at the stat


Invensys wins $664m Haramain rail deals

Invensys Rail, a division of global technology group Invensys, has won two prestigious contracts worth 483 million euros ($664 million) for the Haramain High-Speed line in Saudi Arabia. The company will provide all the signalling and train


Saudi-Spanish group wins $9.4bn Saudi rail deal

The Saudi Railways Organisation has awarded a 6.74 billion euro ($9.4 billion) contract for the second phase of its high-speed Haramain railway project to the public-private Saudi-Spanish Al-Shoula consortium. The high-speed Haramain Rail


Gulf to pump $100bn into rail projects

Gulf states are spending more than $100 billion on rail projects across the region as they tackle poor public transports networks and growing populations, according to analysts. The six oil and gas producers of the GCC seek to create a sim

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