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Design tender launched for USD 7 bn Riyadh-Jeddah land bridge
ALSO- Mepco plans to fully acquire Al Medan Project Company
FDI inflows rise in 2Q 2024
Good morning, friends, and welcome to a busy Monday. We lead our news well this morning with the latest from…
Is a recalibration of gigaprojects in the works?
Plus: NYT dives into Esports World Cup in Riyadh
Gov’t debt is still on a “benign” trajectory, S&P says
Saudi’s debt-to-GDP ratio is expected come at 26% in 2027
Neom set to tender USD 8 bn residential project
Bidders will soon be able to submit their requests for proposals (RFP)
Some projects could miss 2030 deadline as gov’t aims to balance inflation, import bill, and domestic debt market
Some projects will be delayed to 2033, while others will be extended to 2035 and beyond
USD 7 bn Saudi land bridge megaproject moves ahead
The new railway will take seven years to complete, and will consist of a total of six lines
Neom unveils new tourist hub, Siranna. Oxagon eyes “clean industrial transformation.”
New destination will be in the northwest of the mega-city
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