Kingdom Holding , chaired by Saudi Prince Alwaleed bin Talal , said on Sunday that its affiliate, Jeddah Economic Company , had reached a more than $2bn financing deal with Saudi Arabia's Alinma Investment to finish the Jeddah Tower in the Red Sea city. Full story.
Since the 2009 groundbreaking, the project's contractor has faced several lawsuits from subcontractors and then filed its own $14.1 million claim against the U.S. Army Corps of Engineers. Full story.
Construction jobs in Arizona and New Mexico rose slightly in October while Nevada remained stagnant in the category, according to statistics recently released by the states.
As the world's largest construction equipment trade exposition, the Bauma show draws in half a million people to Munich every three years to see the latest developments in heavy iron. But attendees to the show on April 11-17 next year will also see a renewed focus on mining equipment, according to show organizers.
While the U.S. Green Building Council is busy making a business case for a greener globe, other environmentalists are busy making greener buildings, communities and cities.
Israel government officials have received bids from Israeli and foreign companies to build, finance and operate a $400-million highway at the entrance of Jerusalem that will be one of the country's first projects to use a public-private approach.
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