Airports throughout the Gulf region managed to clinch the bulk of transportation contracts worth $2bn awarded during the first five months of 2012, a report said on Sunday. The new research suggested road construction stood second with contracts worth $1.6bn...
Saudi Arabia announced it has plans to invest SAR200bn ($53.33bn) in aviation sector over the next five years, country's English daily reported. According to Arab News, the spending will be made to meet future demands of the Kingdom's ever-increasing air traffic...
Qatar says it is considering a revamp of its controversial sponsorship system for foreign workers in the country and introduce a new system that is in line with international labour standards. Under the current system, all foreigners must be sponsored...
Kuwait’s state news agency KUNA reported the country's parliament rejected a bill that covered the government’s $111bn four-year development plan that started during the 2010-2011 fiscal year. Opposition lawmakers blocked the bill on Wednesday, describing it as “unrealistic”. They also...
Kingdom Holding's Prince Alwaleed Bin Talal announced on Sunday that Jeddah's Kingdom Tower would become the world’s tallest building when completed in 2017. He insisted that it will take no more than "63 months" to complete the 1,000m high skyscraper...
Azerbaijan has announced it seeks to build the tallest building in the world that will dwarf world's current record holder - Dubai's Burj Khalifa. The Caucasian state is riding high on oil revenues which has resulted in high-profile construction...