According to Bloomberg, Founder and Managing Director Mohamed Alabbar is in talks with Saudi Arabia’s housing ministry to create sizable mixed-use buildings there. Emaar Properties is the largest developer in Dubai. The developer will likely start working on a 4,000-unit housing project if “an agreement is reached with the ministry,” Bloomberg reported. “We’re in serious...
The Prime Minister and Chairman of Soudah Development, His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, has revealed a US$7.7 billion proposal to build an opulent mountain resort in the Kingdom. The master plan for converting Soudah and portions of Rijal Almaa into Soudah Peaks, a luxurious mountain resort located 3,015...
© Reuters. FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo By Katya Golubkova TOKYO (Reuters) – Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply...
Saudi Arabia celebrates its National Day every year on September 23rd to honor the unification of the Kingdom under the leadership of King Abdulaziz in 1932. This special day fills us with a sense of unity, loyalty, and pride for our homeland and its incredible landmarks. As we commemorate this occasion, let us also reflect...
Sat 23-09-2023 10:48 AM RIYADH, 23rd September, 2023 (WAM) — Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion ($1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the national goal well ahead of the target date of 2025, according to a new report...
RIYADH — Saudi Call, an ICT service provider in Saudi Arabia, signed a Memorandum of Agreement (MoA) in Riyadh with Shanghai Lumaotong Group (LMT) and China Mobile International Limited (CMI) on Sept. Source: Saudi Gazette
“Bernays”, the world's leading public relations and consulting Bahrain-based company-, has signed a memorandum of understanding (MoU) with International Property Media, a global company considered Source: Saudi Gazette
Alesayi Holding Group has taken a stride towards growth and diversification with acquiring 85% of Initial Saudi Group, a leading facilities and manpower management group with over 40 years of operational Source: Saudi Gazette
On the sidelines of the Hotel Show, Shubhojit Mahalanobis, director of Danube Hospitality, highlighted the growing optimism in the hospitality equipment and supplies industry while underscoring the government’s Source: Saudi Gazette
In a significant move towards funding its ambitious investment strategies, Saudi Arabia has revealed plans to secure an $11 billion syndicated loan. The announcement was made on Friday. If successful, this financial endeavor would represent the largest deal of its kind in the Europe, Middle East, and Africa (EMEA) region for the current year. The...