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2008 News
May
SR50-Billion Projects to Change Face of Makkah in 10 Years
Arab News
28 May, 2008
JEDDAH, 28 May 2008 — Led by an expansion of the Grand Mosque, six real estate projects are being implemented in the central region of Makkah at a total cost of SR50 billion.
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Berjal, Al Rashid Plan $4.1b Project in UAE
MENAFN.com
26 May, 2008
MENAFN) Two companies in Saudi Arabia and the UAE will invest over $4.1 billion for the development of Berjal City in Ajman, Gulf News reported.
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Berjal City a Project of Saudi-Emirates Collaboration Invests More Than 15 billions Dirham
ArabianBusiness.com
25 May, 2008
A land of berjal city for sale in Ajman for investors and real estate developers. Al Rashid Real Estate is marketing the project in specialized real estate exhibitions within and out side UAE like in Korea, Germany, Qatar and Saudi Arabia.
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Aayan Seeks to Expand Business in Saudi Arabia
MENAFN.com
25 May, 2008
(MENAFN - Arab News) Kuwait's Aayan Leasing & Investment Company, in association with 20 affiliated firms, will hold a forum at the Four Seasons Hotel in Riyadh on Wednesday as part of a major drive to strengthen its position in the Saudi market. An exhibition will be staged on the sidelines of the forum displaying the company's services and products to Saudi investors.
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Special Report: Saudi Banking - Results Analysis
MEED
23 May, 2008
Saudi Arabia's banks had a disappointing year in 2007. Although the kingdom's 11 institutions made $8.1bn in profits in 2007, the figure still represents a 14 per cent fall from $9.4bn in 2006.
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Saudi Land Auction: Roy Alderdice – Director, Alliance Property Group, Durban
Money Web
23 May, 2008
MONEYWEB:Wayne, would you be buying a piece of land for quite a lot of money - over R3.9bn?
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Saudi Land Auction: Roy Alderdice – Director, Alliance Property Group, Durban
Money Web
23 May, 2008
MONEYWEB:Wayne, would you be buying a piece of land for quite a lot of money - over R3.9bn?
WAYNE McCURRIE: Um, look, the time is going to come when you want to invest in property and buy land, and buy buildings and that. I don't think it's here yet.
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Kinan Signs MOU with ActiveMania to Provide Its Mega Project in Jeddah With the Latest Digital Technologies for a Modern Lifestyle
Al Bawaba
21 May, 2008
Kinan International for Real Estate Development signed a memorandum of understanding (MOU) with ActiveMania to provide its SR. 2.2-billion mega mixed-use project in Jeddah, Saudi Arabia, with the latest digital technologies harmonious suited for a modern lifestyle.
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Two Firms Bid for Yanbu Villa Contract
MEED
20 May, 2008
Two firms have submitted bids for a villa construction contract in Yanbu on the west coast of Saudi Arabia.
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Saudi Arabia's Retail Space Set to Surge
Gulf News
20 May, 2008
Dubai: Saudi Arabia is set to account for the majority of retail space in the Gulf Cooperation Council (GCC) region by 2010, according to an industry report.
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Five Firms Shortlisted for Andalusia Tower Project in Jeddah
MEED
19 May, 2008
Five local companies have been prequalified for the main construction contract on the $560m Andalusia Square Towers project in Jeddah.
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Cabinet Appoints Panel to Monitor Real Estate Firms
Arab News
13 May, 2008
JEDDAH, 13 May 2008 — The Council of Ministers yesterday set up a high-level panel to monitor all existing real estate share businesses and take steps to protect the interests of their shareholders.
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Ajmakan Eyes Saudi Luxury Market
The National
13 May, 2008
A US$1.8 billion (Dh6.6bn) mixed-use development in Saudi Arabia was launched at the first day of Cityscape yesterday.
The Ajmakan, an “elite” desert community, will be developed over 1.7 million square metres in the Al Khozomah area, north-west of the kingdom’s capital, by The Land Real Estate Investment and Development, also known as The Land. It will include a retail area, palaces, 74 high-end villas and a total of 2,500 residential units.
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The Land Holding Transfers Its Legendry Housing Ajmakan From Riyadh to Cityscape Abu Dhabi
AME Info
11 May, 2008
Platinum sponsor of Cityscape Abu Dhabi from May 13th to 15th 2008, the land holding showcases its residential $1.8bn legendry project Ajmakan, developed in Al Khozomah north the capital city of Riyadh.
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Durrat Al Bahrain Exhibits at Leading Saudi Property Exhibition
Al Bawaba
10 May, 2008
Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it will be exhibiting at the eleventh RestaTexExpo to be held in Riyadh from 4 to 8 May.
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SIC Set to Impress at Saudi Restatex Exhibition
AME Info
08 May, 2008
SIC took part in this year’s Riyadh Exhibition for Real Estate and Architecture Development, which kicked off at the Riyadh Exhibition Centre, 4 - 8 May, where the Saudi-owned firm, SNASCO, set to introduce the renowned Sharjah Investment Center (SIC) project to the Saudi market.
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Emaar Middle East unveils Al Khobar Lakes in Saudi Arabia
Gowealthy.com
08 May, 2008
Emaar Middle East (EME), a real estate subsidiary of Dubai-based Emaar Properties, has launched the first lakefront gated residential community, Al Khobar Lakes, within the mega project located in close proximity to Al Khobar City, Dhahran and Dammam in Saudi Arabia.
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Saudi Pension Agency Eyes Property Unit IPO
ArabianBusiness.com
07 May, 2008
Saudi Arabia's Public Pension Agency said on Wednesday it was considering selling shares to the public in a real estate management unit which could expand outside the kingdom to diversify risk.
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Limitless Makes a Royal Connection at Restatex
Al Bawaba
05 May, 2008
Limitless makes a royal connection at restatex
sr 45 billion al wasl showcased to hrh prince dr mansoor bin mutib
Limitless, the global master development arm of Dubai World has showcased its SR45 billion Al Wasl project to HRH Prince Dr Mansoor Bin Mutib Ibn Abdul-Aziz AlSaud, Deputy Minister of Municipal and Rural Affairs, at the inauguration of the 2008 Riyadh Exhibition for Real Estate and Architecture Development (Restatex).
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Riyadh to Bankroll Sudair City Loans
MEED
02 May, 2008
Private developers will pay low interest rates on funding that could run into billions of dollars.
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