Saudi Arabia is set to become one of the world’s largest construction hubs thanks to more than $1.25 trillion of infrastructure and real estate projects in the pipeline, according to real estate consultancy firm Knight Frank. The firm’s annual Saudi Giga Projects report noted the combined value of commissioned infrastructure and real estate developments has already reached $250 billion, with the remaining figure made up of projects yet to be…

The General Authority for Investment and Free Zones (GAFI) approved the construction of the new Tarboul Industrial City under the investment zones system last week. The ambitious project, which now awaits the go-ahead from Prime Minister Mustafa Madbouli, will be carried out on 26,000 acres in southern Giza near the town of Atfih. The area had originally been allocated for the construction of a residential extension to Atfih and neighbouring…