Word: building
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...critics, the plan smacks of oil-fueled excess - of a piece with the mad dash across the Arabian peninsula, to build the tallest, biggest glitziest structures money can buy. Their coffers bulging with surpluses, many Persian Gulf states are turning their desert into one giant construction site. There's the City of Silk project in Kuwait, Dubailand in Dubai, and any number of ports, airports, universities and giant residential and industrial complexes coming up in Qatar, Abu Dhabi, Bahrain and elsewhere. KAEC "is not a vanity project, but there is definitely a statement being made," says a Riyadh businessman...
...Dabbagh and his backers insist they're not trying to out-build Dubai, or anybody else, and that the new cities are meant to solve pressing economic and demographic problems: Saudi Arabia has a massive housing scarcity and a huge population of young people that will come of age in the next five years. Fahd al-Rasheed, CEO of the KAEC project, points out that Saudi Arabia needs to build 6 million residential units in the next 12 years; and that's compared to the 5 million units it has built over the past six decades. In addition to providing...
...build the new homes and create the new jobs in Riyadh, Jeddah and Damman? Saudi officials say these cities have already grown too fast, and in too haphazard a fashion - the population of the capital alone has doubled in a decade, to 4 million. Building new cities will prevent uncontrolled urban sprawl and congestion. "We just need these new cities," says Khaled al-Faisal, governor of the Mecca region. "There is no other...
...this is not meant to be a tourist destination. Each of the new cities will specialize in specific industrial sectors, where foreign and Saudi businesses are being encouraged to build factories and offices. KAEC's speciality will be plastics - in the masterplan, a large swath of the city is designated "Plastics Valley". There will also be a $6 billion aluminum complex and a container depot. The UAE aluminum maker Dubal has already signed up as one of the "anchor" industries. Chocolate maker Mars will be another. The city's planners hope KAEC will eventually create 40,000 industrial jobs...
...India, the approval is a ringing endorsement of its increasing weight in international affairs, and an acknowledgement of its growing intimacy with the world?s only remaining superpower. The bargain also clears the way for American and European nuclear corporations to bid for contracts worth $27 billion to build 18-20 nuclear reactors in India. And though its high cost and the enduring controversy surrounding it may mean that nuclear energy never comprises more than 7% of India's nuclear mix, it will go a long way to fill the growing economy's yawning energy deficit...