Building costs push inflation
Saudi's annual inflation is likely to average about 2.7% in 2007, its highest level in at least five years, according to a Citigroup report cited by Reuters. An increase...
Aramco to invite Manifa bids
Saudi Aramco is expected to invite bids in August for contracts worth an estimated $3bn for the development of its Manifa oilfield, AP reports. On completion, the $10bn ...
Huta $67m KAEC contract
The local Huta Group has won a $67m deal to build water canals at King Abdullah Economic City on Saudi's Red Sea coast. Emaar, The Economic City is the developer. The co...