Kingdom’s construction projects valued at $875 billion

Updated 27 August 2013
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Kingdom’s construction projects valued at $875 billion

The total value of ongoing projects in the GCC region currently stands at $2.62 trillion, with the Kingdom accounting for $875 billion.
The Kingdom’s strong construction market is being driven by government spending and high oil prices, according to a recent Global Investment House report.
For 2013, the Kingdom budgeted $219 billion for spending, up by 18.8 percent, year-on-year, from 2012. Out of this, almost $76 billion has been set aside for capital expenditure on investment projects, the report added.
“The Kingdom remains focused on investing in road, railway, power and housing projects. Moreover, the introduction of a new mortgage law is expected to contribute to the growth of the residential sector in the coming quarters,” said Faisal Hasan, CFA and researcher for the report.
These promising industrial data gain significance as Dammam, the Kingdom’s industrial hub, is hosting the 2014 edition of the largest heavy equipment exhibition across the GCC region when the Construction Machinery Show opens its doors to traders and the public, from Feb. 16 to 20, 2014.
Raz Islam, publishing director at CPI Media Group that organizes the event, said: “In 2014, the Construction Machinery Show is teaming up with leading Saudi exhibition organizer, Dhahran International Exhibitions Center (DIEC)”.
The show will run in conjunction with BUILDEX, the 16th Saudi International Building & Construction Exhibition. Both events will attract worldwide industry experts, investors and buyers to the largest trade show in the Eastern Province.
The 2014 event will host over 10,000 sqm of live demonstrations of the various construction and heavy equipment on display, Raz said, adding that Dammam is considered the industrial hub of the Kingdom and a major entry point into the booming market.
It is also the center of the oil and gas industry with nearby Al-Ghawar, which is home to the world’s largest conventional oil field. Much of this wealth is being reinvested into infrastructure and construction, Raz added.


What We Are Reading Today: Yale Needs Women by Anne Gardiner Perkins

Updated 21 September 2019

What We Are Reading Today: Yale Needs Women by Anne Gardiner Perkins

  • The book is a historical novel based on the first females that were accepted and lived on campus at Yale

Yale Needs Women by Anne Gardiner Perkins is a historical novel based on the first females that were accepted and lived on campus at Yale starting the summer term of 1969.

“This is an academic work although written in a very accessible style for the average reader,” said a review in goodreads.com.

It said the book “started as a graduate paper and morphed into a dissertation over time.”

The review also said Perkins “really allows readers into the lives of several of the students and one administrator in particular.”

It said the author “straddles the line nicely between fitting in the comprehensive detailed research she managed and making it interesting enough that someone mighty think it was a novel.”

Perkins grew up in Baltimore and attended Yale University, where she earned her BA in history and was the first woman editor-in-chief of the Yale Daily News. 

She has spent her life in education, from urban high school teacher to elected school committee member. 

She has presented papers on higher education at leading conferences.

Although Yale Needs Women’s principal focus is on, well, women at Yale, Perkins also weaves in a lot of events that were also happening at the time and impacted Yale life, such at the Black Panther movement and the Vietnam War.