KSA CONSTRUCTION & REAL ESTATE

Weekly Report

Issue - 2014 Week 18

25 to 01 of May, 2014

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

2

From:

TIMMINT

Market Intelligence

To: Whom it may concern Subject:

Weekly Status Report,

Saudi Arabia Construction

and Real Estate Industry.

Issue Year 2014, Week 17

Report Sections Page

KSA CONSTRUCTION

& REAL ESTATE NEWS 2

TADAWUL INDEXES 5

MARKET

PERFORMANCE 6

WEEKLY TENDERS 9

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KSA CONSTRUCTION & REAL ESTATE NEWS

Jeddah metro project budget to be approved

he budget for the Jeddah metro project is in the final stages of development and will be

approved soon, director-general of roads in Makkah Mohammed Madani has said.

Speaking at a conference organised by the Gulf Research Center, Madani added that

contract awards for the project were still under discussion.

“We have yet to agree on the contractors who will begin implementing the project,” Arab News

reported Madani as saying.

The ministry has examined similar projects in developed countries, he said.

Speaking at the conference on the planned GCC rail project, director of the expansion projects at

the Saudi Railway Organisation Wasmi Farraj said that the rail system will begin operating by

2018.

Trains will start from Kuwait, travel through Saudi Arabia, Bahrain, Qatar and the UAE and

terminate in Oman. The track will span more than 2,000km, he said.

Farraj added that Saudi Arabia is committed to a sizeable investment in rail over the next two

decades.

“There is a three-stage strategic plan scheduled for the next 20 years that will see the

construction of tracks spanning 9,900km,” said Farraj.

“The plan involves five huge projects, including the Haramain electric train, which will

run at speeds of up to 300km/h, the north-south train, spanning 1,500km, which will

transport both phosphate and passengers, and the Gulf Train, which will be 2,177km

long,” he added.

Source: ArabianIndustry.com

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TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

3

Developers urged to strictly follow construction

codes

ousing Minister Shuwaish Al-Dhuwaihi has warned developers against inflating the

price of land and housing units. The minister stressed the importance of providing

housing at affordable prices during the launching of the Real Estate, Housing and

Urban Development Exposition held at the Riyadh International Convention and Exhibition (RICE)

on Sunday night.

A large number of officials, developers and investors attended the event, the largest expo of its

kind in the Kingdom that saw a heavy turnout of both visitors and investors. He also urged

developers to stick to construction codes, specifications and standards in the implementation of

their real estate and housing projects.

The minister provided a short brief on real estate projects and housing on display before he left.

As many as 80 real estate and investment companies, besides banks, are taking part in this year's

expo, which will conclude on Wednesday. Participants at their pavilion are offering various

services, while banks will provide house loans and other services for the real estate and housing

sector.

Source: Arab News

SEC signs four contracts worth $613.2mn

audi Electricity Company (SEC) has signed four contracts worth

over $613.2mn (SAR 2.3bn) for various electricity projects

across the country.

The deals follow the announcement of 17 projects worth a total of

(SAR 7bn) which the company awarded two weeks ago. All of the

projects are aimed at developing the country’s electricity system in

order to provide a reliable service as demand continues to rise.

Chairman of the board of directors of the company Dr Saleh Hussein Al-Awaji, said one of the

four new project awards is to set up an electricity transformer station with a voltage of 115/380

kilovolts (kV) in Al-Oqair in the Eastern Province.

Awaji mentioned that the projects are to be set up for developing Al-Oqair Tourism. These two

plants will enter service within 29 months from the date of signing the contracts. Another project

will see a transformer station built near Tabarjal in the Northern Frontier Region with a voltage

of 33/132/380 kilovolts. It will have a capacity of 600 megawatts (MW) and will contribute to

providing electricity to Wa’d Al-Shimal city for mining industries.

A third contract is for the construction of a double line with a voltage of 380kV so as to link the

generating plants in Tabuk and Tabarjal. The aim is also to achieve ideal economic operation of

the electricity system by exchanging electricity between the Kingdom’s regions. The project will

be competed in 29 months.

The final project is for purchasing thermal exchanges for the setting up the 13th and 14th

generating plants in Riyadh region. The project will be carried out within 32 to 38 months from

the date of signing the contract.

H

S

Source: ConstructionWeekOnline.com

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

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King Abdullah Economic City awards $11.6m

contract for development of Juman Park

ing Abdullah Economic City (KAEC) has awarded New Job Contractors Establishment a

contract worth $11.6m (SR43.5m) for the development and landscaping of Juman

Park.The contract also includes the construction of the adjacent canal promenade at

Bay La Sun.

"Juman Park is designed to be a special public

amenity and we are very pleased to place this

major project in the very capable hands of New

Job," stated Fahd Al-Rasheed, managing director

and CEO of KAEC.

"The park is designed to elevate the city

experience for residents and visitors alike, it adds

to the dynamic lifestyle in the Bay La Sun district

which offers the very best of the work, live and

relax model."

Juman Park and Promenade spans over 55,000m2with facilities including private recreational

areas, play zones for children, an amphitheatre, multi-sports courts.

In response, Fahad Almutawa, managing director of New Job contracting company, stated: "Our

Company is very pleased to be awarded the prestigious contract, which reflects KAEC's

confidence in our performance based on the long lasting partnership we have established with

King Abdullah Economic City."

Almutawa went on to affirm the company's commitment as contractor to deliver the high quality

project in the given time.

The project is scheduled for completion in 2015.

Source: ArabianInductry.com

Saudi-French alliance wins $2bn bus deal for Riyadh

Metro

audi Public Transport Co (Saptco) said on Thursday that its alliance with France's RATP

Dev has jointly secured a 7.855 billion Saudi riyal ($2.09 billion) contract to operate and

maintain buses in the kingdom's capital Riyadh.

The 10-year deal will be linked to the city's railway project - known as the King Abdulaziz Project

for Public Transport - and will handle the procurement, operation and maintenance of the buses,

Saptco said in a statement.Saptco had previously said that it has teamed up with France's Regie

Autonome des Transports Parisiens (RATP) to bid for public transport projects in Saudi.

The Saudi government had awarded $22.5 billion in contracts to three foreign-led consortia in

July last year for the design and construction of the first metro rail system in Riyadh.

K

S

Source: Reuters

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

5

TADAWUL INDEXES

Construction & Real Estate Sector Performance:

The following charts illustrate the global performance of the three sectors related to construction, real estate and cement

traded in the Saudi stock market (Tadawul). Starting with the cement sector (showing a yearly increase of 12.95%), followed by

the Building and constructions sector (yearly increase of 37.67%), followed by the real estate sector (yearly increase of 64.90%),

the fourth chart shows a comparison among the 3 sectors and Tadawul all share index (TASI).

Cement Index (One Year)

--- Volume --- Index

Current Index Begin Index Change % Change 52 Weeks High Date 52 Weeks Low Date

7,706.89 6,823.04 883.85 12.95% 7,739.99 18/11/2013 6,618.84 16/6/2013

Building & Construction Index (One Year)

--- Volume --- Index

Current Index Begin Index Change % Change 52 Weeks High Date 52 Weeks Low Date

4,356.00 3,164.07 1,191.93 37.67% 4,367.95 30/4/2014 3,069.17 15/6/2013

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

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Real Estate Development Index (One Year)

--- Volume --- Index

Current Index Begin Index Change % Change 52 Weeks High Date 52 Weeks Low Date

6,557.35 3,976.46 2,580.89 64.90% 6,707.00 29/4/2014 3,922.79 12/5/2013

Tadawul All Share Index vs. 3 Sectors Indexes (One Year)

--- Tadawul All Share Index(TASI) --- Real Estate Development Index

--- Building & Construction Index --- Cement Index

Weekly Change Comparison (3 sectors)

Sector Current Index Last Week Index %Change

Cement 7,706.89 7,428.55 3.75%

Building & Construction 4,356.00 4,275.22 1.89%

Real estate development 6,557.35 6,314.45 3.85%

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

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MARKET PERFORMANCE

The table hereunder reflects the performance of the listed companies during the last 6 days.

Company PRICE CHANGE

Begin High Low End Value %

Cement Sector

Arab Cement 66.75 69.00 64.50 68.50 1.75 2.62

City Cement 24.35 26.30 23.95 25.50 1.15 4.72

EPCCO 61.50 62.00 59.75 61.25 (0.25) (0.41)

HCC 24.60 25.40 24.45 25.20 0.60 2.44

Jouf Cement 18.00 18.60 17.80 18.45 0.45 2.50

Najran Cement 26.10 27.50 25.00 27.40 1.30 4.98

Northern Cement 24.00 24.80 23.90 24.70 0.70 2.92

QACCO 90.50 91.50 90.00 91.00 0.50 0.55

Saudi Cement 109.75 111.00 107.75 109.50 (0.25) (0.23)

Southern Cement 112.50 113.00 111.75 112.25 (0.25) (0.22)

Tabuk Cement 29.30 29.80 29.10 29.60 0.30 1.02

YSCC 58.00 66.50 57.50 65.50 7.50 12.93

Yanbu Cement 69.50 73.00 69.25 71.50 2.00 2.88

Building & Construction Sector

MESC 15.85 16.05 15.55 15.80 (0.05) (0.32)

AL Babtain 38.10 38.60 37.30 37.80 (0.30) (0.79)

ALKHODARI 38.00 39.30 37.10 38.30 0.30 0.79

Amiantit 16.90 17.40 16.80 16.90 0.00 0.00

ASLAK 46.90 53.50 45.30 50.75 3.85 8.21

Cables 13.70 14.05 13.00 13.15 (0.55) (4.01)

Bawan 72.00 79.00 71.00 77.50 5.50 7.64

NGC 34.20 35.40 32.40 33.30 (0.90) (2.63)

MMG 12.55 12.90 11.80 12.55 0.00 0.00

Pipes 27.40 28.70 26.50 27.10 (0.30) (1.09)

Red Sea 59.00 66.50 58.00 64.50 5.50 9.32

Saudi Industrial 22.35 22.60 21.90 22.00 (0.35) (1.57)

SSP 37.30 38.10 37.20 37.40 0.10 0.27

Saudi Ceramics 136.00 136.50 133.75 134.50 (1.50) (1.10)

SVCP 103.00 104.50 97.75 100.50 (2.50) (2.43)

Real Estate Sector

Dar Al Arkan 13.00 13.10 12.80 12.85 (0.15) (1.15)

Arriyadh Development 24.20 24.70 24.10 24.60 0.40 1.65

Emaar E .C 16.45 16.90 16.40 16.60 0.15 0.91

Jabal Omar 42.30 51.00 42.00 46.30 4.00 9.46

KEC 21.15 22.85 20.95 21.40 0.25 1.18

Makkah 87.00 93.50 85.00 88.50 1.50 1.72

Real Estate 47.00 48.40 45.50 46.80 (0.20) (0.43)

Taiba 45.00 47.10 44.70 45.40 0.40 0.89

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

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The tables below show the top 5 companies by volume in each sector and the top 3 companies having the highest and lowest change in value and percentage throughout this week.

Cement Sector – Top 5 Most Active by Volume

Company Volume Value

Northern Cement 12,995,869 106,834,599

City Cement 12,091,105 117,746,828

Jouf Cement 11,947,836 50,040,298

Najran Cement 9,197,108 28,567,303

YSCC 5,727,275 157,339,782

*last 6 days

Building & Construction Sector – Top 5 Most Active by Volume

Company Volume Value

Dar Al Arkan 121,668,589 221,267,015

Jabal Omar 53,373,829 169,717,943

KEC 24,391,079 44,783,293

Emaar E .C 18,564,963 52,272,628

Taiba 9,083,639 26,996,407

*last 6 days

Real Estate Sector – Top 5 Most Active by Volume

Company Volume Value

Cables 17,124,451 29,034,764

NGC 14,448,989 28,768,661

MESC 13,013,638 23,314,027

Pipes 10,266,209 32,430,933

Saudi Industrial 7,728,984 20,828,323

*last 6 days

Cement Sector - Top 3 Gainers/Losers

By Value By Percentage

Company Change

Company Value %

YSCC 7.5 12.93 YSCC

Yanbu Cement 2 4.98 Najran Cement

Arab Cement 1.75 4.72 City Cement

Company Change

Company Value %

Saudi Cement -0.25 -0.41 EPCCO

EPCCO -0.25 -0.23 Saudi Cement

Southern Cement -0.25 -0.22 Southern Cement

*last 6 days

Building & Construction Sector - Top 3 Gainers/Losers

By Value By Percentage

Company Change

Company Value %

Red Sea 5.5 9.32 Red Sea

Bawan 5.5 8.21 ASLAK

ASLAK 3.85 7.64 Bawan

Company Change

Company Value %

SVCP -2.5 -4.01 Cables

Saudi Ceramics -1.5 -2.63 NGC

NGC -0.9 -2.43 SVCP

*last 6 days

Real Estate Sector - Top 3 Gainers/Losers

By Value By Percentage

Company Change

Company Value %

Jabal Omar 4 9.46 Jabal Omar

Makkah 1.5 1.72 Makkah

Arriyadh Development 0.4 1.65 Arriyadh Development

Company Change

Company Value %

Real Estate -0.2 -1.15 Dar Al Arkan

Dar Al Arkan -0.15 -0.43 Real Estate

N/A N/A N/A N/A

*last 6 days

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

9

The chart below shows the positioning of the 3 sectors among the other sectors in the Tadawul exchange market by index value

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Banks & Financial Services 15%

Petrochemical Industries 6%

Cement 6%

Retail 12%

Energy & Utilities 4%

Agriculture & Food Industries

8%

Telecommunication & Information Technology

2%

Insurance 1%

Multi-Investment 4%

Industrial Investment 6%

Building & Construction

3%

Real Estate Development

5%

Transport 7%

Media and Publishing 4%

Hotel & Tourism 17%

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

10

WEEKLY TENDERS

Here is a list of the live tenders:

N: Issue Date Bid Due Date Title Issuer Sector

1 4/28/2014 5/5/2014 Maintenance of Pavements of Streets

Abu Arish Municipality Associated with Secretariat of

Jazan Region

Governmental Institutions: Ministries and Municipalities

2 4/28/2014 5/6/2014 Asphalting, Paving and Lighting Work Northern Border Municipality Governmental Institutions:

Ministries and Municipalities

3 4/28/2014 5/27/2014 Excavation of Flood Hazards Prevention and Storm

Water Drainage

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Governmental Institutions: Ministries and Municipalities

4 4/28/2014 5/27/2014 Asphalting, Pavement and Illumination Works

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Governmental Institutions: Ministries and Municipalities

5 4/28/2014 5/27/2014 Construction of Market and Slaughterhouse

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Governmental Institutions: Ministries and Municipalities

6 4/28/2014 5/6/2014 Asphalting, Pavement and Illumination Works Turaif Municipality Associated with Secretariat of Northern

Border Region

Construction: Construction and Design

7 4/28/2014 5/6/2014 Asphalting, Pavement and Illumination Works for

Municipality

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

8 4/28/2014 5/6/2014 Asphalting, Pavement and Illumination Works

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

9 4/28/2014 5/6/2014 Asphalting, Pavement and Illumination Works

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

10 4/28/2014 5/6/2014 Improvement and Beautification of Entrances

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

11 4/28/2014 5/6/2014 Improvement and Beautification of Entrances

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

12 4/28/2014 5/6/2014 Excavation of Flood Hazards Prevention

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

13 4/28/2014 5/6/2014 Construction of Buildings and Attachments

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region Real Estate

14 4/28/2014 5/6/2014 Construction of Garden, Courtyards and Pedestrian

Paths

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

15 4/28/2014 5/6/2014 Improvement and Beautification of Entrances, Fields

and Communities

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

16 4/28/2014 5/21/2014 Assay Settlement and Fencing the Land of the Office Ministry of Interior Construction: Construction

and Design

17 4/28/2014 5/14/2014 Insurance and Installation Requirements of the New

Well

Ministry of Interior Construction: Construction

and Design

18 4/28/2014 5/27/2014 Excavation of Flood Hazards Prevention in

Associated Villages

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Construction: Construction and Design

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

11

19 4/28/2014 5/27/2014 Construction of Buildings and Attachments

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Real Estate

20 4/28/2014 5/27/2014 Asphalting Granted Schemes

Al Ghat Governorate Municipality Associated with

Secretariat of Al Riyadh Region

Construction: Construction and Design

21 4/28/2014 5/6/2014 Asphalting, Paving and Lighting in Turayf

Municipality

Northern Border Municipality Construction: Construction

and Design

22 4/28/2014 5/21/2014 Fencing of Cemeteries Tender and Sinks Dead

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

23 4/28/2014 5/21/2014 Establishment of the Center of Civilized

Ministry of Municipality and Rural Affairs

Real Estate

24 4/28/2014 5/20/2014 Maintenance of Sidewalks and New Jersey

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

25 4/28/2014 5/20/2014 Maintenance of Sidewalks

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

26 4/28/2014 5/21/2014 Process Maintenance Tile Interlock Curbs and

Sidewalks and Curbs Flowers

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

27 4/28/2014 5/20/2014 Maintenance Break Municipal Mayor Triangulation

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

28 4/28/2014 5/21/2014 Asphalt, Pavements and Lighting of the Secretariat

of Municipalities

Ministry of Municipality and Rural Affairs

Construction: Construction and Design

29 4/28/2014 5/6/2014 Development and Rehabilitation of Main and

Structural Roads

Turaif Municipality Associated with Secretariat Ofnorthern

Border Region

Construction: Construction and Design

30 4/28/2014 6/13/2014 Implementation Group Thirteenth Ministry of Islamic Affairs Real Estate

31 4/28/2014 6/13/2014 Implementation Group Fourteenth Ministry of Islamic Affairs Real Estate

32 4/28/2014 6/13/2014 Construction of Mnaqshalmjmuah and a Mosque Ministry of Islamic Affairs Real Estate

33 4/28/2014 6/13/2014 Implementation Group Eleventh Number Ministry of Islamic Affairs Real Estate

34 4/28/2014 6/13/2014 Implementation Group Twelfth Number Ministry of Islamic Affairs Real Estate

35 4/29/2014 5/28/2014 Asphalting, Paving and Lighting in Bareq

Municipality Assir Municipality

Governmental Institutions: Ministries and Municipalities

36 4/29/2014 6/1/2014 Asphalting, Pavement and Illumination Works Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

37 4/29/2014 6/1/2014 Asphalting, Pavement and Illumination Works Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

38 4/29/2014 6/1/2014 Asphalting, Pavement and Illumination Works Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

39 4/29/2014 6/1/2014 Construction of Garden, Parks, Courtyards and

Pedestrian Paths

Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

40 4/29/2014 6/1/2014 Construction of Market and Slaughterhouse (Project

I)

Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

41 4/29/2014 6/1/2014 Excavation of Flood Hazards Prevention Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

42 4/29/2014 6/1/2014 Excavation of Flood Hazards Prevention Khamis Mushayt Municipality Associated with Secretariat of

Assir Region

Governmental Institutions: Ministries and Municipalities

TIMMINT Market Intelligence Weekly Report 25 to 01 May, 2014

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