INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Chinese firm bags $974m Madinah tunnel project

Madinah is the first Arab city to receive this recognition. (Pic Visit Madinah)
  • Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client
  • Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes

Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm, to be built at the cost of $974 million.

The project also involves the construction of a pedestrian bridge.

Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes, upgrading the Ali Bin Abi Taleb traffic tunnel and connecting Al-Amida to the King Faisal ring road.

Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client.

Saudi Arabia also witnessed a tunneling project in NEOM, in June, with contracts being awarded for the bored tunneling sections of The Line.