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New industrial city to boost Bahrain’s economyBahrain's new economic industrial city should be up and running by 2040 and make a major contribution to the kingdom's economy, creating job opportunities for citizens, said a senior government official. Industry and Commerce Minis More… |
Bahrain studies Economic City proposalIndustry and Commerce Minister Dr Hassan Fakhro chaired a meeting where a feasibility study was presented for a proposed Economic City, which is the brainchild of His Majesty King Hamad. Attending the meeting were representatives from the More… |
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Saudi Emaar to obtain $1.3bn govt loanSaudi developer Emaar Economic City will receive a 5 billion riyal ($1.33 billion) loan from the Saudi finance ministry in 2010, two sources familiar with the deal said. Emaar Economic City, affiliated to UAE-based Emaar Properties, is spe More… |
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Saudi Emaar to get $1.3bn govt loanSaudi developer Emaar Economic City, an affiliate of Dubai's Emaar Properties, will receive a long-term loan of around 5 billion Saudi riyals ($1.33 billion) from the Ministry of Finance, a source close to the deal said. More… |
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Cost drop speeds up constructionA 30 to 40 per cent fall in construction costs in Saudi Arabia is speeding up the development of Saudi Arabia’s Economic Cities. Although the economic downturn has lead to the shelving of a number of major projects elsewhere in the world, More… |
GCC economic cities 'major growth drivers'Gulf Co-operation Council (GCC) members have recognised the need to develop their national economies beyond dependency on the oil sector. As a result, new economic zones are being introduced. The economic zones - designated areas in which More… |
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CEMCCO wins $30.7m Emaar EC dealEmaar, The Economic City (Emaar EC) has awarded SR115 million ($30.7m) contract to Saudi-based CEMCCO. The Tadawul-listed company’s contract with Saudi firm to develop infrastructural work within King Abdullah Economic City (KAEC)’s Indus More… |
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Emaar EC’s Marina Tower units unveiledEmaar, The Economic City (Emaar EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has unveiled a sea-side residential tower within the recently launched Bay La Sun Village in KAEC. Apartments in the sea-side Ma More… |
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AlSaad wins $28m Economic City contractEmaar, The Economic City (Emaar.E.C), the company developing King Abdullah Economic City (KAEC), has awarded a SR106 million ($28.31 million) contract to AlSaad General Construction. Under the deal AlSaad will build the management and serv More… |
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Economic City apartments sale draws huge responseThe first residential community at King Abdullah Economic City (KAEC) near Jeddah has recorded overwhelming investor response. Emaar, The Economic City (Emaar.E.C), the company developing KAEC, launched the Bay La Sun Village&nbs More… |
