Nesma secure $1.75bn infrastructure project

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Nesma secure $1.75bn infrastructure project

Saudi contractor Nesma & Partners has secured $1.75bn contract from the Umm Al Qura for Development & Construction Company for infrastructure work on the King Abdulk Aziz Road in Makkah.

The road project is a major one planned to help alleviate pressure in the city, and is one of several key strategic development projects being implemented in Makkah by the private sector. Authorities say the project will help the city to achieve its stated economic, social and urban development goals and contribute to better services for pilgrims and visitors to the Holy City.

King Abdul Aziz Road project is located in the western part of the city of Makkah, extending for a length of 3,650 metres from the western entrance of Makkah (the intersection of Jeddah highway with the third ring road) up to Jabal Omar Project, and passes through some unplanned settlements. The total area of the project is around 1.2 million square metres.

This project aims to fully support the government’s strategic plans to redevelop some of the least developed districts, upgrade the existing infrastructure, and create a major movement axis in the city of Makkah comprised of a wide road that acts as a gateway to the city and incorporates future transportation technology.

Source: Construction Week Online

More info: http://tinyurl.com/poqmewv

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.