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2008 News

October

Saudi Arabia Ssees Launch of Islamic Real Estate
AMEInfo.com
Sunday, 26 October, 2008

Saudi Arabia's Sumou Holding and Geneva-based Encore Management have launched the first Islamic Real Estate Investment Trust (REIT) for the Kingdom of Saudi-Arabia. This Saudi-Swiss joint-venture may change the real estate landscape in the GCC.
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King Abdullah Economic City Hosts Riyadh’s lLeading Real Estate Developers
AlBawaba.com
Thursday, 23 October, 2008

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), recently, hosted a workshop for Riyadh’s leading real estate developers to highlight the development opportunities in the 168 million sq m mixed-use mega-project.
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Emaar, The Economic City Awards Real Estate Smart City Consultancy Contract to Orange Business Services
AlBawaba.com
Tuesday, 21 October, 2008

Emaar, The Economic City awards real estate smart city consultancy contract to Orange Business Services
• Smart modern solutions for King Abdullah Economic City
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Caution Name of the Game: Alsayrafi
Arabnews.com
Sunday, 19 October, 2008

JEDDAH: Mounting fears that the global financial turmoil will now spark a recession have rattled investors. The subprime crisis and credit crunch debacle have shaken global confidence in investment banking.
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The Massive Master Plan
Time.com
Thursday, 16 October, 2008

Amr al-Dabbagh has no doubt that if he builds it, they will come. The governor of the Saudi Arabian General Investment Authority (SAGIA) is one of the forces behind King Abdullah Economic City (KAEC), a $27 billion development rising out of the desert 62 miles (100 km) north of Jeddah, and he can already envision the arrival of its first residents. "It won't be long before it starts taking shape," he says.
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Alwaleed: Kingdom City, Tower Welcome Additions
Arabnews.com
Monday, 13 October, 2008

RIYADH: Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC), has expressed his utmost happiness at the launch of Kingdom City and Kingdom Tower in Jeddah. The twin project was inaugurated by Custodian of the Two Holy Mosques King Abdullah on Saturday.
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Saudi Arabia- Keppel Al Numu lands in Jeddah
MENAFN.com
Sunday, 12 October, 2008

(MENAFN - Arab News) The coastal skyline of the city will undergo a dramatic transformation with the development of a premium site in the Al-Nawras area of the Corniche.
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Saudi Arabia is Emerging as the Real Estate Market to Watch: Colliers
Gowealthy.com
Sunday, 12 October, 2008

Colliers International, the global real estate consultancy, has launched comprehensive Saudi Arabia Real Estate Overview that provides comparative key performance indicators across 4 areas - Riyadh, Jeddah, Mecca and the Eastern Province.
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Saudi 'Will Escape Any Gulf Real Estate Slump'
ArabianBusiness.com
Monday, 6 October, 2008

Dar al-Arkan, the largest Saudi developer by market value, said on Monday it expected the kingdom to buck any Gulf downward trend as economic fundamentals remained strong and demand for property was still surging.
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