News

Jadwa Investment sees strong growth in the Saudi construction sector from the Kingdom’s massive building plans but predicts a slowdown in the key export-driven petrochemicals industry as global growth weakens.

Saudi Aramco is planning to raise its domestic refining output capacity to 3.5 million barrels per day (bpd) by 2016 with the start-up of new plants, a top Aramco official announced Monday.

The development of mortgage finance is key to the growth of the housing sector in the Gulf Cooperation Council (GCC) countries where demand for affordable housing is set to increase significantly because of the demography of the region where some 65 per cent of the population is under 30 years old.

Manal Al-Azoori, a young Saudi entrepreneur has made her country proud. The 28-year old has achieved a rare feat in history by winning the award for Best Youth Entrepreneur for the year 2011

More than $100 billion will be invested in aviation infrastructure in the GCC over the next few years to cope with passenger numbers that have grown annually by 10 percent, Kuwait Financial Centre (Markaz) said in its latest report

 Although relatively new, sustainability issues have been evolving quickly in the marketplace, yet there is still room for improvement, says Asya Al-Ashaikh, a Saudi founder and CEO of Tamkeen Sustainability Advisors

JEDDAH – The modest trade recovery in Saudi Arabia will have an impact on the freight transport sector, Business Monitor International said in its "Saudi Arabia Freight Transport Report".