Month: August 2014

75% of Haramain train stations completed

by

Reading time: 2 MinutesThe completion rate for the Haramain High-Speed Rail Project has reached 75%, marking significant progress over the past two months, as it is progressing well and the results achieved are encouraging. The Ministry of Transport is committed to completing all work related to the project in accordance with its schedule and the specified completion rates. This was clarified by the Minister of Transport and Chairman of the Board of Directors of the General Organization of Railways, Dr. Jabara bin Eid … Read more

Saudi Arabia is among the top 50 globally in the development of modern and innovative industries

by

Reading time: 2 MinutesThe Kingdom of Saudi Arabia ranked 53rd globally in the World Bank’s Knowledge Index, which compares 145 countries based on their ability to develop competitive modern industries that rely on innovation, knowledge, and technology. While many Middle Eastern countries remain at the bottom of the list, the economies of the Gulf states, according to this index… Read more

Local steel production rises to 2 million tons to cope with the increase in housing projects

by

Reading time: 3 MinutesLocal steel companies increased production to over 2 million tons of steel during the first quarter of this year, compared to 1.82 million tons during the same period last year, representing an increase of 9.81%. This is in response to the increase in housing projects and infrastructure spending, as these figures reflect the rise in production by local steel companies due to the increase in housing and infrastructure projects… Read more

More than 6,600 factories producing in the Kingdom by the end of the first quarter of this year

by

Reading time: < 1 MinuteBy the end of the second quarter of the current year, 1435 AH, the number of operational factories stood at 6,670, with total funding exceeding 1 trillion riyals, while the number of workers in these factories reached 891,500. The Ministry of Commerce and Industry clarified in a recent statistical report published on its website that the Riyadh region topped the list of the number of operating factories in the Kingdom with a total of … Read more

The new King Abdulaziz International Airport in Jeddah, the gateway to the Two Holy Mosques and one of the largest airports in the world, is well underway

by

Reading time: 3 MinutesConstruction of the new King Abdulaziz International Airport in Jeddah, considered the gateway to the Two Holy Mosques, has made significant progress; it is one of the largest airports in the Middle East and Asia. The airport was built to accommodate the rising number of travelers year after year, particularly the pilgrims who visit the Two Holy Mosques to perform the Hajj and Umrah, which came… Read more

Jeddah Chamber organizes a workshop on real estate valuation laws for more than 150 real estate investors

by

Reading time: 2 MinutesReal estate appraisal is considered one of the most important areas of the real estate industry due to its significant role in various real estate sectors. Given this importance, the Jeddah Chamber of Commerce and Industry, represented by its Real Estate Committee, organized a workshop titled “Regulations and Laws Governing the Real Estate Appraisal Market,” which brought together more than 150 real estate investors and stakeholders interested in real estate valuation and auctions, in the presence of the Deputy … Read more

More than 4 billion worth of contracts for transportation projects in different regions of the Kingdom

by

Reading time: 4 MinutesThe Ministry of Transport is making significant and commendable efforts to establish the infrastructure for transportation and transit projects across various regions of the Kingdom of Saudi Arabia. The Minister of Transport, Dr. Jabara bin Eid Al-Suraiseri, recently signed contracts for a number of the Ministry’s projects approved for this year in the areas of implementation, maintenance, studies, design, construction, electrical work, and IT across the Kingdom, with a total value exceeding 4.2 billion riyals. Projects … Read more

«Wathrah Al Muhaidib wins Best Land Development Company Award

by

Reading time: < 1 MinuteWathra Real Estate Investment and Development Company—a subsidiary of the Abdulqader Al-Muheidib & Sons Group—won the award for Best Company in the Land and Infrastructure Development Sector. For his part, Abdulrahman Al-Muheidib, CEO of Wathra Investment and Real Estate Development, stated that this award certainly serves as a testament to the stability and continuity of the company’s strategy aimed at dedicating itself to real estate development, particularly the production of … Read more

Credit Bank : Signing several financing contracts to support small and medium enterprises

by

Reading time: 2 MinutesThe Saudi Credit and Savings Bank recently signed nine financing contracts for entrepreneurial projects under the “Paths to Excellence” track, totaling more than 15 million riyals. This initiative is part of the bank’s efforts to support, finance, and sponsor small and startup businesses through the “Masarat” program, at the bank’s headquarters. This took place during an introductory program organized by the bank for entrepreneurs with small and startup projects … Read more

Saudi Arabia: Projects in Jubail and Ras al-Khair

by

Reading time: < 1 MinutePrince Saud bin Abdullah bin Thunayan, Chairman of the Royal Commission for Jubail and Yanbu, signed two contracts yesterday for the engineering and construction of an industrial wastewater treatment plant in Ras Al-Khair Industrial City, and to provide engineering services for projects to be implemented in Jubail Industrial City, worth 293 million riyals ($78 million). Under the first contract, engineering, procurement, and construction work will be carried out for … Read more

© 2026 Amlak Real Estate Newspaper | All rights reserved.