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2008 News
July
Saudi Arabia Considers Amending Laws to be Compatible with Human Rights Treaties
Asharq Alawsat
Monday, July 28, 2008
Riyadh, Asharq Al-Awsat - Saudi Arabia is moving toward amending some laws and regulations that are not compatible with the international treaties on human rights. This takes place following the viewpoints of representatives of eight government and jurist sides, which have been working within the framework of a committee formed in accordance with the order of Saudi Crown Prince Sultan Bin-Abdulaziz, agreeing with some of the conclusions of a study prepared by the National Society for Human Rights in this context.
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Critics Question Ambitious Saudi Cities Plan
Financial Times
Friday, July 25, 2008
1001 tales of four new cities: facing high demands for energy, rising building costs, the need for investment and private sector support, will these cities eventually become a home from home for international companies and Saudi Arabia's growing population?
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Real estate prices worry companies across Saudi Arabia
zawya.com
Monday, July 21, 2008
RIYADH: The Q3 survey of SABB (The Saudi British Bank) reveals that business confidence in the Kingdom remains strong and indeed, 89 percent of respondents expect even stronger growth over the next two quarters.
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Wadi Hanifa valley is central to Riyadh's new property boom
AME Info
Monday, July 14, 2008
The property sector in Saudi Arabia is about to boom, brought on by the combination of an impending mortgage law to make it easier to buy and the realisation that there is a chronic need for more - and stylised - housing in the country.
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Knowledge Economic City appoints NCB Capital and Swicorp as Joint Financial Advisors to list 30% of its shares in upcoming IPO
AME Info
Sunday, July 13, 2008
The signing ceremony that was held in the company's headquarters in Jeddah was attended by the newly appointed Chairman of the Board, Mr. Ibrahim Bin Mohamad Al Issa and KEC board members.
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Developer to launch giant Jeddah project
Meed.com
Friday, July 11, 2008
Riyadh-based property developer Dar al-Arkan is to launch a multi-billion-dollar mixed-used development in Jeddah before the end of the year.
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Property fair to draw expats
The Hindu Business Line
Friday, July 11, 2008
DUBAI: As many as 20 property developers from India are participating in an exhibition in Jeddah aimed at showcasing investment opportunities for NRIs living in Saudi Arabia, in the real estate sector of Kerala.
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Saudi cement capacity set to touch 50m tonnes by 2009
zawya.com
Monday, July 7, 2008
Saudi cement industry has benefited from the increasing demand, with the industry's average growth reaching 8.4 per cent in 2007.
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Women’s society works to preserve heritage sites
arabnews.com
Monday, July 7, 2008
MADINAH: The Women’s Real Estate Society in Madinah has decided to preserve the heritage of one of the city’s most historic neighborhoods.
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Jadwa provides financial consultancy for Jabal Omar Project
arabnews.com
Sunday, July 6, 2008
JEDDAH: Jabal Omar Development Company signed an agreement with Jadwa Investment Company yesterday, under which the latter will provide the financial consultancy needed to arrange SR12.4 billion to finance Jabal Omar project, which is a mega real estate scheme in front of the Holy Haram in Makkah.
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Saudi mortgage law sheds light on Islamic home finance potential
AME Info
Sunday, July 6, 2008
At the beginning of July, Saudi Arabia's consultative Shura council passed a full-fledged mortgage law.
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Saudi mortgage law sheds light on Islamic home finance potential
AME Info
Sunday, July 6, 2008
At the beginning of July, Saudi Arabia's consultative Shura council passed a full-fledged mortgage law.
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Critics question ambitious Saudi cities plan
ft.com
Friday, July 4, 2008
The foundations are being laid and the building of four highly ambitious new cities in Saudi Arabia is under way, with the first, the King Abdullah Economic City, hoping to welcome residents at the end of this year.
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Shoura Council OKs mortgage law
arabnews.com
Thursday, July 3, 2008
JEDDAH: Saudi Arabia will soon have a full-fledged mortgage law as the consultative Shoura Council has passed the long-awaited law after completing debate on its four components, the Saudi Press Agency said.
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Saudi Arabian investment in the UAE remains strong, says Durar Properties
AlBawaba.com
Wednesday, July 2, 2008
Leading UAE-based property development company, Durar (‘jewels’ in Arabic) Properties, unveiled its newest residential project in Dubai today, at a gala event held at the spectacular Mina A’ Salam last evening.
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Home-owning trend growing
Arab News
Wednesday, July 2, 2008
JEDDAH: Rising house rents have prompted many Saudis to look for opportunities of owning homes instead of living in rented houses.
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Emaar joins hands with Capri Capital
Zawya.com
Tuesday, July 1, 2008
JEDDAH: Emaar, The Economic City (Emaar.E.C.), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has entered into a partnership with Capri Capital Partners (Capri) LLC to develop an SR7.5 billion ($2 billion) mixed-use project in the KAEC.
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