Saudi cement firms in central region may slash prices amid robust competition arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s antitrust authority has penalized 14 cement companies with a collective fine of SR140 million ($37.32 million) for colluding to raise cement prices in the Kingdom. The General Authority for Competition has imposed an SR10 million fine on each of the producers for manipulating the cement prices to benefit themselves, infringing Article 4 of the
Zamil Real Estate acquires residential tower in $133m deal with Masar Makkah arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: The $27 billion mega project Masar Makkah confirmed it will develop the Ponceana Hotel with an investment value of SR600 million ($160 million), as one of the first Saudi local hotel brands to join the project. The hotel tower will provide services to Umrah pilgrims and visitors to Makkah. It will contain 28 floors and 950 hotel rooms to accommodate 3,800 guests. In
RIYADH: Masar Makkah, a $27-billion mega project under development in Islam's holy city, is advancing work with new deal for its power requirments. The project developer Umm Al-Qura Co. for development and construction, known as UAQ, signed an agreement with the National Electricity Transmission Co. to establish two central transmission stations and linking them to the