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MENA Development Partners

MENA Development Partners LLC

Developing successful business relationships in the Middle East.

**NEW - Collaborative research project on fracking.**

Latest Business News in the Middle East

Kingdom becoming key champion of free trade and investment

Saudi Arabia’s inclusion in the G20 reflects its growing stature as a leading global hydrocarbons producer as well as a heavyweight in the strategically important Middle East-North Africa economy.

The dual underpinnings of the Kingdom’s stature are likely to remain in place for a long time.

At the same time, rapid population growth and massive focused investments in economic diversification will further boost the size and significance of the Saudi economy.

Saudi Arabia is a highly open economy given its dependence on oil exports and a wide range of imports. It is therefore a key advocate of free trade and investment in a globalized world. Arab News 22 September 2013

Parsons Brinckerhoff, Fluor win Saudi rail deal US-based engineering consultancies Parsons Brinckerhoff and Fluor Corporation have been appointed as project managers of the $7bn Saudi Landbridge rail project linking the Kingdom's two biggest cities.

Pakistan is said to have large reserves of shale gas & oil In a major development, the Energy Information Administration (EIA), the American federal authority on energy statistics and analysis, has estimated fresh recoverable shale gas reserves of 105 trillion cubic feet (TCF) and more than nine billion barrels of oil in Pakistan.

Jobs, houses, health for all ‘top priority’ [Jeddah] The government will give top priority to tackling youth issues such as unemployment, housing and health care, Crown Prince Salman, deputy premier and minister of defense, said on Sunday. Arab News 22 September 2013

R Hotels to spend over $400m on new sites R Hotels, the Ajman-based hotels arm of investment firm R Holding, has said that it is planning to spend over $400m (AED1.5bn) on building three more hotels by the end of 2015.