New $300m oil link now in the pipeline for 2018

SAUDI ARABIA and Bahrain signed contracts worth around $300 million to lay a new 350,000 barrels per day (b/d) oil pipeline between the two countries, with the link due to be operational in 2018, Bahrain’s energy minister said. [...]

Aramco ponders kingdom’s latest industrial city

OIL GIANT Saudi Aramco is considering whether to build a new industrial city in the south of the Al Ahsa district in the kingdom’s Eastern Province, as authorities seek to expand the country’s industrial base, sources said. [...]

Building material costs to surge ahead of 2022

THE COST of construction materials in Qatar is likely to jump as the host nation intensifies infrastructure building ahead of the 2022 World Cup, and other building projects could finish late as a result, industry experts say. [...]

Cheap oil slows economic projects in the region

LOW OIL prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, Abu Dhabi Commercial Bank said in a report showing the mixed impact of cheap oil on the Gulf. [...]