The sign, located at the Hajar Mountains, stands at 19.28 metres, surpassing the renowned Hollywood sign, which measures 13.7 metres
PPP
Latest in PPP
Mawani
Saudi Ports Authority plans to award eight terminal concessions
Mawani launches the request for qualification for its priority concessions procurement project
Abu Dhabi
Abu Dhabi attracts new investments for $4bn chemicals hub in PPP push
Abu Dhabi Chemicals Derivatives Company signs agreements with eight UAE-based investors for the TA’ZIZ Industrial Chemicals Zone
Hatta
Sheikh Mohammed launches Hatta Master Development Plan
Plan, which aims to transform Hatta into a local and international destination for business, investment and tourism, forms a key part of the Dubai 2040 Urban Master Plan launched earlier this year
Al-Khiran
Kuwait to sell 44% stake in two power projects
Kuwait is also set to sell its 50% stake in the Az-Zour North Independent Water & Power Project
Abdulrahman Saleh Al Saleh
Dubai sets up unit to attract more private sector investment
Senior official says he expects private sector will engage in projects and initiatives with the gov’t worth tens of billions of dirhams
Ministry of Health - Saudi Arabia
Saudi Arabia seeks bids for first public-private healthcare project
Ministry of Health says project targets radiology and medical imaging services covering several hospitals in the greater Riyadh region
draft law
Saudi Arabia publishes draft law on lucrative PPPs
Rules on foreign real estate ownership may be relaxed, according to the draft law published by Saudi Arabia’s National Centre for Privatisation and Public-Private Partnership
diversify economy
Saudi Arabia to raise up to $11bn through privatisation initiatives
The plan includes over 100 initiatives in a number of sectors
Aviation
Video: Istanbul’s new airport says it will contribute 5% to GDP
The Chief Executive of IGA Airport Operations, the company behind a new 11 billion dollar airport in Istanbul will make an immense contribution to the Turkish economy and is projected to contribute around 5% to the country’s GDP
construction industry
Optimism growing in GCC construction sector, says report
Pinsent Masons’ GCC Construction Survey found that despite optimism, many businesses have experienced worsening contract conditions and longer payment periods
Education
Saudi Arabia issues tender to build 60 new schools
Private companies sought as part of economic reforms designed to ease pressure on the state’s finances
National Transformation Plan
Saudi Arabia turns to public private partnerships for investment
Government plans for percentage of private sector investment in GDP to be 65 percent in 2030
Crown Prince Mohammed bin Salman
Saudi Arabia in midst of ‘unprecedented transformation’ – finance minster
Mohammed Al Jadaan lauds reforms being implemented in the kingdom
low oil price
Value of Middle East PPPs doubled in past year, says report
Kuwait topped the list with joint projects worth $44.4 billion
PPP
Kuwait to launch three PPP projects in 2018
Authorities are in the final stages of financial closure for the three projects, a senior government official said