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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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Discussing Saudi Arabia’s growth and construction projects with Waleed Abdel-Fattah, President of the MENA Region at Hill International
Waleed Abdel-Fattah, President of the MENA Region at Hill International, joins The 966 to talk about Saudi Arabia’s building boom and Hill’s traction in KSA since entering the market to help build out what is now known as KAFD. Hill has 100 offices across 42 countries, and its main geographical areas are the US, Europe […]
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New Mega Mountain Resort Aquellum, a ‘Subterranean Digitalized Community of the Future,’ Added to NEOM’s Growing Vacation Destination Offerings
NEOM has announced Aquellum, a new “luxury and experiential” vacation destination which is the latest addition to the ongoing regional development in northwest Saudi Arabia.
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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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ACWA Power Inks Deal for $4bn Green Hydrogen-Based Ammonia Plant in Egypt, $800m Power Purchase Agreement for South African Hybrid Renewable Project
Saudi renewables developer ACWA Power has signed two new large deals as it expands its renewables and green projects across the region.
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The 966 talks with Mohammed Ghazi and Abdulhadi Azouz, the two guys behind Saudi Arabia’s hottest drone and aerial film production company
Chances are if you’ve seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you’ve seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile […]
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NEOM Unveils Leyja, the Area’s Latest Sustainable Tourism Destination
Saudi Arabia’s NEOM unveiled on Sunday the latest addition to its portfolio of ecotourism developments, “Leyja,” that starts along the Gulf of Aqaba coast and stretches inland through a valley surrounded by 400-meter-high mountains.
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Record-Breaking Big 5 Construct Saudi 2024 Catalyzes Kingdom’s Construction Boom
The 12th edition of Big 5 Construct Saudi, the largest construction event in the Kingdom concluded in Riyadh, having welcomed 64,331 attendees across four days from 26 to 29 February 2024 at the Riyadh Front Exhibition & Conference Centre at ROSHN Front. The event was held under the patronage of and inaugurated by His Excellency Mr. Majid Abdullah Al-Hogail, the Minister of Municipal, Rural Affairs and Housing in Saudi Arabia.
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Red Sea crisis raises Saudi construction costs
Riyadh-based Jadwa Investment has now estimated that disruption to commercial shipping in the Red Sea and Gulf of Aden has contributed to a 25-50% construction material price rise in recent weeks. This steep rise comes amid renewed escalation in the Red Sea following a start to the year characterised more by falling risk perceptions due to the heavy build-up of the US-led naval coalition in the area. All of this changed on 18 February with the holing of the UK-owned Rubymar, which sank on 3 March. That ship had been carrying Saudi fertiliser from Dammam to Bulgaria. However, perhaps a more direct concern for the Saudi construction sector is the strike on 6 March of the bulk carrier True Confidence, which came from China loaded with steel and commercial vehicles.
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Al-Urubah Park construction begins in Riyadh
The Board of Directors of the Royal Commission for Riyadh City (RCRC) announced the start of construction work of Al-Uruba Park, one of the largest parks in the city of Riyadh, as part of the ‘Green Riyadh’ program. The project will be implemented on a sprawling area covering 754,000 square meters. More than 600,000 trees and shrubs will be planted, covering 65 percent of the park area. The park is distinguished by its vital location at the intersection of Prince Turki bin Abdulaziz Al-Awwal Road with Al-Urubah Road, and that facilitates easy access for the residents from various parts of the city. The park contributes to raising the quality of life, providing recreational places for residents and visitors, and transforming the city of Riyadh into one of the most sustainable cities in the world, the commission said in a press statement.
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UK construction firm wins bid to develop world’s largest airport in Riyadh
UK construction firm Mace will serve as the delivery partner for Riyadh’s King Salman International Airport, expected to be the world’s largest airport following its 2030 opening. A variety of international firms competed for the contract since last year, with Mace winning the bid, the Middle East Economic Digest reported on Thursday. The firm will offer project and design management, cost consulting and procurement information. It has considerable experience in airport construction and maintenance, including a 30-year contract covering London’s Heathrow Airport, the largest in Europe.
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Big 5 Construct Saudi: Driving Saudi Arabia’s Construction Sector Towards Vision 2030
The upcoming 12th edition of Big 5 Construct Saudi promises to build upon the successes of previous years, featuring an expanded exhibition space, five new product sectors, and participation from 1,300 exhibitors representing 47 countries. The event aims to unite over 55,000 industry players, government stakeholders, and active buyers, all aligned towards the advancement of Saudi Arabia's Vision 2030 goals.
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Riyadh prepares construction tender for stadiums
Saudi Arabia's Sport Ministry is preparing to issue tenders for contracts to build sports stadiums as part of its SR10.1bn ($2.7bn) capital projects programme. "The prequalification process has been completed and the tender for the stadiums is expected to be issued in a week or two," sources close to the scheme told MEED. In July, the ministry invited construction companies to submit prequalification documents for the main construction contracts. The projects are slated for completion before the 2027 Asian Football Confederation (AFC) Asian Cup.
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Saudi Arabia’s Civil Code: ‘good faith’ in construction contracts
Saudi Arabia’s Civil Transactions Law clarifies the requirement for ‘good faith’ contracting throughout the lifecycle of construction projects in the Kingdom. Saudi Arabia's Civil Transactions Law (Civil Code) entered into force on 16 December 2023. In this article, we consider the potential consequences of provisions within the Civil Code requiring parties to contract in ‘good faith’.
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Giga Projects will Continue to Aid Construction Market Growth in Q1 2024
Projects like the Neom and the Red Sea resorts will drive construction spending in the Kingdom over the next three to four years, thereby supporting the growth of the construction industry. As part of its 2030 ambitious plan, the Kingdom is also launching new airports as it seeks to transform itself into a global tourism destination. Overall, the publisher maintains a robust growth outlook for the Saudi Arabian construction industry over the next three to four years.
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Soaring to new heights: the construction of Saudi Arabia’s King Salman International Airport
The airport will be spread over 57 sq km (22 sq mi) and will also include 12 sq km (4.6 sq mi) of retail, logistics support and recreational facilities. Featuring six parallel runways, the airport aims to accommodate 120 million passengers, with extra capacity allowing for further growth of 185 million, and the capacity to process 3.5 million tonnes of cargo, by 2050. The new airport will take over the current King Khalid International Airport and will be designed by the British architecture firm, Foster + Partners. Seif A. Bahaa Eldin, Senior Partner at Foster + Partners, stated: “This visionary development will play an important role in shaping the city into a global hub of creativity and innovation.”
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Perspective: Rushing to fail: Understanding construction disputes in Saudi Arabia
The case for change is clear. Construction and engineering projects in the Middle East are subject to more delay than in most other regions.Our integrated research programme, CRUX, shows that contractors across the Middle East sought extensions of time averaging 81.6% of planned project schedules.The Saudi average was 98.8%, meaning the extra time sought nearly doubled the time originally specified.Claimed costs in Saudi Arabia typically amounted to 29.8% of original contract values, lower than the 37.4% average elsewhere in the Middle East.There are clearly legacy challenges in the Kingdom, and now also recognition that things need to change.
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