The step is part of the country’s measures to confront the housing crisis.
The debt of Indonesia’s top 4 construction companies skyrockets by 1,200% to $8.6 bn since the incumbent president assumed his office.
The project is scheduled to be completed by early 2026.
The project comprises 71 floors including 436 units. It has a development value of AED 2 bn.
Sany Alameriah is a joint venture between Sany and Saudi developer Alameriah.
The project is known as Greece-Africa Power (GAP) Interconnector.
According to data compiled by MSCI, foreign dealmakers account for 57% of property investment in London during 2023, compared to 65% in 2015.
Vodafone’s buildings are sold to IQON Capital on behalf of Aljazira Capital.
The agreement is set to serve the fund’s projects in Saudi Arabia.
The global real estate market is severely hit by higher construction costs and interest rates.
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