Saudi Arabia

Saudi Arabia is fast tracking its economy to wean it off oil revenues. Key to these endeavours are the Vision 2030 and National Transformation Programme. With its Vision 2030, Saudi Arabia last year set in motion a long-term strategy aimed at reducing its dependence on oil revenues and building a more sustainable economy.

Work is steaming ahead on the Riyadh Metro, where recently Alstom handed over the first of the 69 metro trainsets to Arriyadh Development Authority (ADA) for operation on lines 4, 5 and 6 of the metro. Tunnel excavation work on the lines was completed last June.

The Saudi government is aiming to provide housing to 52 per cent of its citizens within the next four years. A shortage of affordable housing for a young and growing population of about 21 million citizens is one of Saudi Arabia’s biggest social and economic problems.

Link to: Kingdom at a glance

Three years since construction started on Riyadh Metro, the world’s largest transport project is now half way through. The world’s largest single urban transport project last month marked three years of its launch, with key stakeholders justifiably proud of what has been achieved during this span.

Deigned by GAJ, the Double Tree by Hilton and Hilton Garden Inn Development in Riyadh offer guests two different experiences under one roof. A new five-star hotel currently under construction in Riyadh aims to allow its guests to experience two separate luxury brands housed in the same cube-shaped building, with many shared facilities.

When it opens in 2020, the Four Points by Sheraton Unaizah will be the first of its kind in the Qassim province. A 130-key desert resort style hotel – the first of its type in the Qassim province – is set to take shape in Unaizah, 350 km northwest of Riyadh.

Bayat Plaza is the only skyscraper in Jeddah that has a 100 per cent reflective glass facade. An engineering marvel in Jeddah that is as stunning from the inside as on the outside is expected to welcome its first residents by the year-end.

Despite the slowdown in the Saudi construction industry, Qanbar Dywidag Precast Concrete Company (QDC) is optimistic that the precast sector will gain momentum this year as the demand for housing projects and private compounds surges.

Abunayyan Trading Corporation (ATC) has formed a powerful business relationship by signing an exclusive distributor agreement with one of the top global manufacturers of construction equipment.

Daimler Commercial Vehicles Mena FZE, along with its regional partners, has secured key orders in the Gulf region in the past couple of months, further reinforcing its presence in the region.

Armed with a portfolio of many globally renowned brands, Global Source Trading has been focusing on supplying the Saudi market with quality, value-for-money products that bring down project costs in the long run.

Al Rajhi Holding, a well-established and diversified business group with activities ranging from petrochemical industries, plastic converting industries, building solutions, contracting and infrastructure to real estate development, has drawn up ambitions development plans to propel the growth of its industrial sector.

Advanced Plastic Industries (API), established since 1994 as a premium manufacturer of the finest polyolefin pipes and fittings for the construction and infrastructure sectors, says the Saudi market is of high importance to the company.

Middle East Specialised Cables (MESC) claims to be one of a kind in the region, offering solutions that are not readily available in the market.

Al Muhaidib Contracting (AMC) has been rebranded as Thabat Construction Company in a strategic move by the Al Muhaidib Group (AMG) to give its umbrella companies greater autonomy, reflecting their own identities and character. The company has also signed a memo of understanding (MoU) to establish a facility management (FM) company in Saudi Arabia.

In line with its commitment to provide clients quality materials that meet their project requirements, the Saudi-based Universal Building Materials Merchants (UBM) Company offers a wide range of window coverings and architectural products from Hunter Douglas, a leading manufacturer in this sector.

Man Diesel and Turbo has commissioned three MAN 18V 32/40 generators at the crane facility at King Abdullah Port, north of Jeddah on the Red Sea coast. The facility has been handed over to the customer ESDM (Energy Solutions Developers and Managers) at the port.