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Residential housing and skyscrapers stand on the city skyline in Riyadh. A South Korean constructor that jointly won a $20bn housing deal with Saudi Arabia said
yesterday it was confident the project would go ahead despite the impact of slumping oil prices on the Gulf nation’s coffers. Under the deal, a three-party consortium will build 100,000 housing units and related infrastructure for a new town near the capital Riyadh over the next 10 years. The consortium includes two South Korean firms, Daewoo Engineering & Construction and Hanwha Engineering & Construction, along with local construction firm Saudi Pan Kingdom. Share prices of Daewoo and Hanwha have declined on the Seoul stock market in recent days, amid questions as to whether the oil-rich kingdom would be able to fund the massive project given the current oil price squeeze. But Daewoo Construction spokeswoman Hong Soo-Jin said the company was “fully confident” the project—the biggest-ever overseas construction deal won by South Korea—would be realised.
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SPORT Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
TECHNOLOGY Some 60mn primary-school-age children have no access to formal education
CULTURE Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
ARABIA The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
ARABIA Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
ARABIA The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
ECONOMY Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.
