The IMF slashed its prediction for Saudi’s economic growth in 2017 to 0.4 per cent
Amin H. Nasser also warned that $25 trillion of investment was needed to meet demand over the next 25 years
Applications from 77 other firms are being reviewed
The total value of project awards for 2017 is forecast at $27bn, which could rise to $32bn
Contractors in Saudi Arabia have had to deal with delays to projects and late payment
Saudi Foreign Minister Adel al-Jubeir said that Saudi’s interests were aligned with those of the US
Around 1,300 King Fahd Quran Printing Complex staff were terminated in September
Cuts in public spending last year hurt many Saudis’ purchasing power
The 80 A320neo order is valued at $8.6bn
Riyadh will start the first round of bidding for projects in the next few weeks
Producers will reassess the situation and extend the agreement if necessary
The resignations coincided with the introduction of new reforms last year that introduced mandatory assessment for employees
The distribution of units will begin next month and will be completed within three years
Round-the-clock entertainment could open the door to “atheistic or rotten” foreign films and encourage the mixing of the sexes
Under the current system, foreign workers will have to pay a new fee for each dependent upfront
Hussain Saeed Alnahdi, 24, was assaulted in the early morning hours of Oct. 30
Saudi’s social contract places demands on the kingdom’s infrastructure and impacts its job market
Saudi plans to sell up to 5 per cent of the company in what could be the world’s largest IPO
The online shopping platform is set to launch this month
The Saudi government has hired PwC to find cost savings, according to reports
Marriage between relatives are still common in the kingdom
The new quota follows the lifting of limits imposed due to construction work at Saudi’s holy sites
The first batch of aircraft will be received early in 2018
MSCI will decide in June whether to review Saudi for inclusion in its emerging market index
Adeeb al-Aama replaces Mohammed al-Madi
Limits were placed on domestic and international pilgrims to undertake expansion work at the kingdom’s holy mosques
The new electronic system is designed to boost investment in the kingdom
An order for 60 A320neos would be worth $6.4bn at list prices
Tatweer Buildings aims to begin offering public-private partnerships for school buildings this year
The new service will be operated with an Airbus A320 aircraft