News tagged "Ksa"

Drake & Scull reports net loss of US$ 255 mn for 2015

Drake & Scull reports net loss of US$ 255 mn for 2015

15th February 2016

Drake & Scull International (DSI) reported a net loss of $255m (AED936.7m) for the whole 2015 compared to a net profit of $27.4m (AED101m) reported for 2014, in the midst of a prolonged slowdown in the regional construction sector.[..]

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KSA to keep making payments to SBG for ongoing work

KSA to keep making payments to SBG for ongoing work

25th September 2015

Saudi Arabia will keep making payments to Saudi Binladin Group (SBG) for ongoing work and its review of the company's current jobs after last week's Makkah crane disaster is to ensure it meets safety standards, a senior Saudi official.[..]

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GCC MEP sector registers robust positive growth

GCC MEP sector registers robust positive growth

17th September 2015

The GCC MEP sector is showing strong positive growth mainly due to constant ongoing investments in large-scale projects that are already under execution or planned. One of the major driving factors for MEP industry in the GCC is the execution of major railway projects by Qatar, UAE and KSA such as Qatar National Rail Scheme, Riyadh Light Rail Network, Makkah - Madina Railway Link and Etihad Rail. Additionally, projects catering to Dubai Expo, Fifa 2022, airport expansion projects, and large-scale housing projects are also expected to cater the growth of MEP sector in the region.[..]

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