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2008 News

August

Saudi’s Economic Cities Under Pressure to Deliver
Daily Times
Thursday 21 August, 2008

JEDDAH: An hour’s drive north of Jeddah on the Red Sea coast, 8,000 workers toil under the relentless summer sun building what Saudi Arabia hopes will be the key to its social and economic future.
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Saudi Arabia Attracts £200bn in Construction Projects
Homes Overseas
Tuesday 19 August, 2008

Total property investments in Saudi Arabia, which represents the largest construction market in the Middle East, are estimated at around £140bn. Furthermore, the total value of new projects is likely to reach over £200bn this year, according to a report issued by Business Monitor.
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Saudi Arabia Attracts USD 410 billion in Construction Projects
Steelguru.com
Monday 18 August, 2008

A report issued by Business Monitor showed that total real estate investments in Saudi Arabia, which represents the largest construction market in the Middle East, are estimated at USD 270 billion and the total value of new projects is likely to reach USD 410 billion this year.
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South Jeddah Facelift to Leave Many Homeless
Arab News
Monday 18 August, 2008

JEDDAH: Residents of south Jeddah’s random districts, which are to be developed under a multimillion riyal contract, have expressed fears they may end up homeless.
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South Jeddah Facelift to Leave Many Homeless
Arab News
Monday, 18 August, 2008

JEDDAH: Residents of south Jeddah’s random districts, which are to be developed under a multimillion riyal contract, have expressed fears they may end up homeless.
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Commercialbank Appointed Agent for Makkah Project
Gulf Times
Wednesday 13 August, 2008

Commercialbank has been appointed the sub-placement agent in Qatar by Kuwait’s Esdarat Holding Company for an investment opportunity in the latter’s private real estate development project in the holy city of Makkah.
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