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2008 News
June
Medina: Holy city takes high-tech turn
business.asiaone.com
Monday, June 30, 2008
MEDINA (SAUDI ARABIA) - SAUDI Arabia is pouring billions of dollars into Medina, burial place of the Prophet Muhammad and the cradle of Islam, to turn the religion's second holiest site into a high-tech bastion.
Read More
Saudis pour billions into 'City of Knowledge' on holy site
afp.google.com
Sunday, June 29, 2008
MEDINA, Saudi Arabia (AFP) — Saudi Arabia is pouring billions of dollars into Medina, burial place of the Prophet Mohammed and the cradle of Islam, to turn the religion's second holiest site into a high-tech bastion.
Read More
Hi-tech City of Prophet
IslamOnline.net
Sunday, June 29, 2008
AL-MADINAH AL-MUNAWWARAH — Saudi Arabia is pouring billions of dollars into the holy city of Al-Madinah Al-Munawwarah, the cradle of Islam and the burial place of Prophet Muhammad (peace and blessing be upon him), to turn the city into a high-tech bastion.
Read More
Emaar EC assigns cooling works worth Dh630mn for Saudi Arabian realty project
gowealthy.com
Thursady, June 26, 2008
Emaar The Economic City (Emaar E.C.), a subsidiary of Dubai-based Emaar Properties, assigns City Cool, a leading district cooling provider, the task to provide state-of-the-art district cooling infrastructure for the Bay La Sun real estate development in Saudi Arabia.
Read More
Al Mazaya Holding Co. K.S.C.C
Google Finance
Wednesday, June 18, 2008
Al Mazaya Holding Co. K.S.C.C is a Kuwait-based company engaged in real estate development and investment within Kuwait and the Middle East.
Read More
Knowledge Economic City construction starts in early 2009
meed.com
Tuesday, June 17, 2008
Construction work on Saudi Arabia's Knowledge Economic City (KEC) is set to start in the first few months of 2009.
Read More
Investments of SR680 billion required in Saudi real estate sector to meet expected residential demand
AlBawaba.com
Monday, June 16, 2008
The Saudi Arabian real estate and construction sector presents one of the most attractive investment opportunities in the region according to NCB Capital (NCBC).
Read More
Al-Mazaya to launch Saudi Arabia real estate projects
meed.com
Sunday, June 15, 2008
The Kuwait-based Al-Mazaya Real Estate Development Company is to launch three mixed-used projects in Saudi Arabia with a total value of SR4bn ($1.1bn).
Read More
Abdullah launches giant projects in Economic City
gulfnews.com
Saturday, June 14, 2008
Jeddah: Saudi Arabia's King Abdullah Bin Abdul Aziz on Wednesday launched several giant projects worth 138 billion Saudi riyals at the King Abdullah Economic City (KAEC) in Rabigh, near Jeddah, on the Red Sea coast.
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Custodian of the Two Holy Mosques King Abdullah visits KAEC; evaluates progress achieved
AME Info
Thursday, June 12, 2008
The Custodian of the Two Holy Mosques King Abdullah bin AbdulAziz AlSaud visited King Abdullah Economic City, the single largest private sector in the region developed by Emaar, The Economic City (Emaar.E.C), and evaluated the progress achieved.
Read More
Emaar Properties PJSC
Google Finance
Wednesday, June 12, 2008
Emaar Properties PJSC is a United Arab Emirates-based company engaged in property investment and development, property management services, education, healthcare, retail and hospitality sectors, as well as investing in financial service providers.
Read More
King to Launch SR130bn Projects in Rabigh Today
ArabNews.Com
Wednesday, June 11, 2008
JEDDAH, 11 June 2008 — Custodian of the Two Holy Mosques King Abdullah will lay the foundation stone today for a number of educational, IT, electricity, real estate and infrastructure projects worth SR130 billion ($34.6 billion) at King Abdullah Economic City (KAEC) in Rabigh.
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Investments of $181 billion required in Saudi real estate sector
CPIFinancial.Net
Wednesday, June 11, 2008
Expected mortgage law to improve affordability of housing in Saudi and grow mortgage finance market five fold by 2012
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$180bn needed to meet housing demand
ArabianBusiness.Com
Wednesday, June 11, 2008
More than $180 billion of investment is needed in Saudi Arabia’s real estate sector to meet expected demand for housing by 2015, according to a report released on Wednesday.
Read More
New cities rise from Saudi desert
BBC.Co.UK
Wednesday, June 11, 2008
King Abdullah of Saudi Arabia has a vision which if successful could soon transform the Kingdom's economy and society.
Read More
Saudis build desert city from scratch
Building.Co.UK
Wednesday, June 11, 2008
City of 2 million people to be built by 2020 in wave of major development projects to transform kingdom's economy
Read More
Saudi cuts steel exports to Gulf neighbours after surge in demand
Business 24/7
Monday, June 9, 2008
Saudi Arabia has decided to curb steel exports to its Gulf neighbours and other countries after a surge in demand created shortages and gave rise to market manipulations, the Kingdom's newspapers reported yesterday.
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Egypt govt promises new Saudi project in 72 hours
MenaFN.Com
Monday, June 9, 2008
(MENAFN - Arab News) As part of a drive to attract more foreign investment, authorities in Egypt have slashed the processing time of new projects financed by Saudis from three months to 72 hours.
Read More
Joining hands with the Egyptian Dorra Group
AlBawaba.Com
Sunday, June 8, 2008
Joining hands with the Egyptian Dorra Group
Cayan Launches its First Project in Egypt
Read More
Egypt's Palm Hills says to invest $561 mln in Saudi
Reuters.Com
Sunday, June 8, 2008
CAIRO (Reuters) - Egyptian developer Palm Hills said on Sunday it would invest 3 billion Egyptian pounds to build two residential and commercial real estate projects in Saudi Arabia.
Read More
N.H. firms see promise in Saudi Arabia market
NHBR.Com
Friday, June 6, 2008
William McNary, vice president of business development for Aerosat Inc. in Amherst, believes now is an “excellent” time to go prospecting for business in the sands of Saudi Arabia.
Read More
Palm Hills Developments in Saudi jv for projects in Riyadh, Jeddah
Forbes.Com
Friday, June 6, 2008
LONDON (Thomson Financial) - Palm Hills Developments said it has signed an MoU with a Saudi Arabian company and will create a Saudi joint stock company to establish two projects in Riyadh and Jeddah costing 3 million Egyptian pounds.
Read More
Saudi Arabia to build one of the largest ports in the world
RTTNews.Com
Friday, June 6, 2008
(RTTNews) - Wednesday, Saudi Arabia's King Abdullah bin Abdul-Aziz launched a number of ambitious investment projects that is estimated to cost 130 billion Saudi Rials, or 34.5 billion dollars.
Read More
New designs, concepts entering Saudi retail market
BusinessIntelligence.Com
Wednesday, June 4, 2008
SAUDI ARABIA. More than 2.8 million square metres in rental space is available in shopping centres in Saudi Arabia’s two largest cities, Riyadh and Jeddah, according to a real estate specialist.
Read More
Damac strengthens presence in Saudi Arabia
TradeArabia.Com
Wednesday, June 4, 2008
Damac Properties, the largest private master developer and luxury lifestyle provider in the Middle East, is investing in a major expansion programme to strengthen its presence in Saudi Arabia.
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The Launch of Mazaya Saudi with a Capital in Excess of KD180 million
AlBawaba
Tuesday June 3, 2008
Global Investment House “Global” announced the launch of Al-Thouraia Project Management Company’s capital increase to KD180 million. Al-Thouraia shall be utilized as a Special Purpose Vehicle (SPV) to invest its whole capital in Mazaya Saudi for Commercial Investment Company “Mazaya Saudi”, which has been incorporated in the Kingdom of Saudi Arabia, and will be managed by Mazaya Holding Company “Mazaya”.
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Global Investment House launches Al-Thouraia Project Management Company
CPIFinancial.Net
Monday, June 2, 2008
Global Investment House (GIH) has launched Al-Thouraia Project Management Company with initial capital of $678 million. Al-Thouraia shall be utilised as a Special Purpose Vehicle (SPV) to invest its whole capital in Mazaya Saudi for Commercial Investment Company, which has been incorporated in Saudi Arabia, and will be managed by Mazaya Holding Company.
Read More
Alshoula sets up $5.3bn property firm
TradeArabia.Com
Monday June 2, 2008
Saudi Arabia's Alshoula Holding Co has set up a 20 billion riyal ($5.33 billion) real estate firm to tap into the Middle East construction boom.
Read More
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