Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Transport projects gaining momentum  Join our daily free Newsletter

MENAFN - Arab News - 10/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The value of infrastructure contracts in the kingdom has exceeded sr 1.5 trillion in a six-year period local media said quoting economists.

said al-shaikh member of shoura council and chief economist at the national commercial bank (ncb) said the value of infrastructure projects stood at sr85 billion in 2008 compared to more than sr230 billion in the current year.

speaking at a panel discussion of the euromoney saudi arabia conference the economic expert said during the past two years transport projects were given big support by the government notably riyadh metro project which was awarded to three mega consortia at a cost of 27 billion.

more infrastructure projects are expected to appear by 2017 at the value exceeding sr 220 billion the expert told the event.

for his part richard banks director of emerging markets of the euromoney conferences said saudi economy and its financial system is among the best in the world thanks to high quality and the goernment's continued efforts to boost economy and infrastructure in the area of education health care and others.



the conference was primarily meant to achieve two major goals: one is to brief attendees on the facts and privileges of saudi economy lectured by key local and foreign speakers and secondly to explore investment opportunities in the kingdom and open up new channels of communications between local and foreign investors he said.

he said past conferences were not academic gatherings or meant to provide advice or guidance in the economy but rather aimed to allow the kingdom offer and share investment opportunities with partners.

robert parker a senior adviser at credit suisse meanwhile explored potential financial crises which may face global financial markets.

he enumerated a series of problems which may be detrimental to financial markets such as russian-ukraine crisis iranian nuclear program and disputes over some islands between china north korea and japan.


 


Arab News




  MENA News Headlines
 Aug 24 2016 - SC's booth at Bayt Qatar concludes successful run at Rio GamesThe Peninsula
(MENAFN - The Peninsula) Brazilian football legend Ronaldo (right) visiting the Bayt Qatar Rio de Janeiro: As the curtain came down on the 2016 Rio Olympics, the doors of Bayt Qatar, Qatar ...

 Aug 24 2016 -  Football: Bacca treble, Donnarumma save give AC Milan dramatic victoryKhaleej Times
(MENAFN - Khaleej Times) Forward Carlos Bacca scored a hattrick and goalkeeper Gianluigi Donnarumma saved a last-gasp penalty to give AC Milan a dramatic 3-2 win over Torino in their Serie A opener ...

 Aug 24 2016 - Emirates Cricket Board announces team to represent UAE at ICC U19Khaleej Times
(MENAFN - Khaleej Times) The UAE has been drawn in Group B and will play Kuwait, Hong Kong, Thailand and Oman. Emirates Cricket Board today announced the U19 team that will represent the UAE at the ...

 Aug 24 2016 - Homeless Pakistan's incredible journey to the topKhaleej Times
(MENAFN - Khaleej Times) dubai - Being Homeless has failed to deter Pakistan from reaching the pinnacles of Test cricket. The credit for Pakistan taking over as the number one Test nation must go ...

 Aug 24 2016 -  Pakistan emerges strong on investment radarKhaleej Times
(MENAFN - Khaleej Times) FDI inflows rise as Chinese and UAE investment surge Foreign direct investment (FDI) private inflows into Pakistan are rising rapidly, as Chinese share goes up and the UAE ...

 Aug 24 2016 - UAE banks' deposits surge in JulyKhaleej Times
(MENAFN - Khaleej Times) The reduction in M1 was mainly due to a decrease of Dh8.8 billion in Monetary Deposits. The rise in M2 was mainly attributed to a Dh22 billion increase in Quasi-Monetary ...

 Aug 24 2016 - UAE- Ras Al Khaimah builds Dh27 million power station to ease power cutsKhaleej Times
(MENAFN - Khaleej Times) The Federal Electricity and Water Authority, or Fewa, opened a new substation in Ras Al Khaimah on Monday in a bid to ease power overloads and repetitive outages during ...

 Aug 24 2016 - Two Sharjah roads to be closed for maintenanceKhaleej Times
(MENAFN - Khaleej Times) Official sources told Khaleej Times late on Sunday that they have started the traffic diversions on the major intersection to provide alternative roads for truck drivers and ...

 Aug 24 2016 - Sharjah book fair to start on November 2Khaleej Times
(MENAFN - Khaleej Times) This year's edition of the SIBF is particularly significant, as it comes during the UAE's Year of Reading. The 35th edition of the Sharjah International Book Fair (SIBF) ...

 Aug 24 2016 - UAE- Don't switch off power at night, shops warnedKhaleej Times
(MENAFN - Khaleej Times) The inspection campaign will continue to find whether any of the shops are violating rules regarding keeping food items. The Sharjah Municipality has initiated action ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help