Saudi Arabia unveils new schemes to boost real estate

Atkins consortium wins Saudi sanitation project work
September 26, 2017

A consortium led by Atkins, a member of the Canadian construction major SNC-Lavalin, has won an advisory services contract from Saudi National Water Company (NWC) to provide sustainable sanitation services in the kingdom.

Comprising three flagship privatization projects (Jeddah, Dammam, Turaif, Arar, Sakaka), these are aimed at improving the current wastewater infrastructure in the cities of Jeddah,"...

Saudi Arabia Hires Goldman, JPMorgan, HSBC for Dollar Bond
September 26, 2017

Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year.

The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as joint lead managers"...

Saudi Arabia to Include Flyadeal in Saudia’s Privatization Plan: Sources
September 26, 2017

Saudi Arabian Airlines (Saudia) is planning to privatize the main airline and the low-cost carrier Flyadeal in a single transaction, according to company plans seen by Arab News.

Most of the rest of the Saudia aviation business — cargo, maintenance, training, medical and real estate — will be privatized in a series of trade"...

NMC Health on expansion mode in Saudi Arabia
September 26, 2017

NMC Health, the leading integrated health care provider, operating across the UAE has announced its expansion plans in Saudi Arabia which will include a long term care facility, the acquisition of two existing health care facilities and constructing a 170-bed acute care hospital facility.

A spokesperson from the group said that the"...