News tagged "Construction sector"

Saudi Oger's debt valued at over US$ 10.7 bn

Saudi Oger's debt valued at over US$ 10.7 bn

23rd May 2019

According to *Constructionweekonline news report, a Riyadh court has calculated the accumulated debts of liquidated contractor Saudi Oger – hit in part by the 2015-16 slowdown in Saudi Arabia’s construction sector –  at more than $10.7bn (SAR40bn), local media reported.[..]

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Sentiment and confidence in Gulf’s construction increased over past two years

Sentiment and confidence in Gulf’s construction increased over past two years

29th August 2018

According to *Constructionweekonline news report, overall sentiment and confidence in the Gulf’s construction sector has seen a marked increase over the past two years, according to Pinsent Masons’ GCC Construction Survey, which was at the start of 2018. The law firm’s findings showed investor sentiment improved in the region by approximately 7% in the last two years, growing from 32% to 39%.[..]

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PPP schemes to avoid order book declines in 2018

PPP schemes to avoid order book declines in 2018

13th February 2018

According to *Constructionweekonline news report, the public sector’s noteworthy efforts towards driving an attitudinal, long-term evolution in the Gulf’s construction sector are continuing unabated. Meeting these goals remains the top priority; however, the region’s private-sector enterprises are rapidly reshaping the road to achieving structured growth.[..]

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Bahrain awards five contracts valued at over US$ 13.4 mn in October

Bahrain awards five contracts valued at over US$ 13.4 mn in October

30th November 2017

According to *Tradearabia news report, Bahrain has awarded five contracts valued at over BD5.1 million ($13.4 million) in October, besides inviting bids for 11 tenders worth BD2.5 million ($6.5 million), five of which are for the sanitary sector and the construction sector and one for the roads sector, said a report.[..]

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