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IFC, IDB to Invest $100 Million in MENA Infrastructure

IFC, IDB to Invest $100 Million in MENA Infrastructure

The International Finance Corp (IFC), a member of the World Bank Group, and Islamic Development Bank (IDB) jointly plan to invest up to $100 million on major infrastructure projects across the Middle East and North Africa, IFC said on Monday.

April 17, 2012 9:29
 

Dubai’s Drake & Scull in $95.8M Saudi deal

The Saudi unit of Dubai contractor Drake & Scull has signed a 352 million dirhams ($95.8 million) deal to build a commercial development project in Riyadh, the company said in a statement on Tuesday.

December 6, 2011 10:33
 
Qatar defies global gloom with $5B bond issue

Qatar defies global gloom with $5B bond issue

The GCC sees its biggest bond issue this year with Qatar raising $5 billion, proving that the country remains an investment safe haven. Bonds will likely go to infrastructure projects.

November 30, 2011 2:57
 

Saudi govt loan to cover 70 pct of SEC projects

Loan to serve projects in the next 5 to 6 years; SEC adding around 13,000 MW from 2012-2016

June 14, 2011 4:06
 

Etihad Rail signs strategic agreement with Etisalat

Memorandum of Understanding to enable Etisalat to share railway infrastructure; Etisalat to offer latest information communication and technology (ICT) solutions for Etihad Rail and its customers

April 12, 2011 12:29
 
Field of dreams

Field of dreams

A forecast of six real estate trends in Saudi Arabia for 2011 reminds Kipp of a Kevin Costner where unknown forces urged him to build a baseball field that will attract other-worldly players.

March 28, 2011 4:38
 

GCC’s $100 billion on rail

Infrastructure investments are on the right track – literally.

June 29, 2010 3:18
 
Trains, planes, and… other basic infrastructure projects

Trains, planes, and… other basic infrastructure projects

The UAE is getting there when it comes to infrastructure, but it still needs to remember the basics, says Sam Potter.

June 22, 2010 1:42
 
What we find charming, business finds alarming

What we find charming, business finds alarming

Millions of tourists each year overlook shortcomings in the infrastructure of countries such as Lebanon. Business can’t afford to be so nonchalant, says Katherine Azmeh.

June 13, 2010 12:04
 

Saudi awards contracts worth $5.6 billion in five-year infrastructure plan

Kingdom plans to spend more than $400 billion on roads, hospitals and other projects in the next few years.

April 25, 2010 3:57
 
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