SCZone, Saudi Arabia’s ASIC Partner to Develop Land Plots, Granite City

• Thursday, 4th May 2017
• by Fatma Khaled

The Suez Canal Economic Zone (SCZone) Authority will be partnering with Saudi Arabia’s ASIC Capital to develop six mn square meters of land plots and a granite city spreading on an area of one mn square meters in the ...

Saudi Home Prices Fall by 8%

• Wednesday, 26th April 2017
• by Nayrouz Talaat

Prices of houses in Saudi Arabia have declined by 8% while land prices are down by 9%, Reuters reports.

Egypt, Saudi Arabia Seek to Establish 8 Real Estate Projects in North Coast, Red Sea

• Monday, 24th April 2017
• by Nayrouz Talaat

The Saudi-Egyptian Business Council is mulling the establishment of eight real estate development projects in the North Coast and the Red Sea resort towns of Sharm El-Sheikh and Hurghada as President Abdel Fattah El ...

Ghasan Holding Group to Invest in Egypt’s Housing, Tourism Projects

• Tuesday, 18th April 2017
• by Nayrouz Talaat

Saudi Investor and owner of Ghasan Holding Group,  Ghasan bn Abdallah bn Ali El-Nemr, is aiming to pump more investments in housing and tourist projects in Egypt, Invest-Gate reports.

Increase in Traffic on OLX Properties from Egyptian Expats After EGP Float

• Wednesday, 12th April 2017
• by Nayrouz Talaat

Egyptian expats in Saudi Arabia have the highest online demand on OLX Properties, accounting for 56 per cent of overall traffic, especially after the Egyptian government floated the EGP last November, Invest-Gate rep ...

Saudi Arabia Unveils Plans for ‘Entertainment City’ Near Riyadh

• Monday, 10th April 2017
• by Menna A. Farouk

Saudi Arabia unveils plans for an entertainment city on the edge of Riyadh, which will be 50 times the size of Gibraltar once complete, Invest-Gate reports.

) SAR 1.8 bn Development Projects Underway, Saudi Arabia’s Al-Leith, Adham

• Monday, 27th March 2017
• by Leena ElDeeb

Developmental projects worth over SAR 1.8 bn are now underway in Saudi Arabia’s western provinces of Al-Leith and Adham, Arab News reports.

Fitch Downgrades Saudi Arabia’s Rating to A+

• Thursday, 23rd March 2017
• by Leena ElDeeb

Fitch Ratings downgrades Saudi Arabia by one notch to A+ with a stable outlook from AA- with a negative outlook, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve ...

Saudi Arabia Offers Bids to Generate Electricity from Solar Power

• Monday, 20th March 2017
• by Leena ElDeeb

Saudi Arabia announces the offering of three bids to generate electricity from solar energy in the years of 2018, 2019 and 2020, Al-Madina reports.

Saudi High-Speed Rail Project Almost Completed

• Monday, 20th March 2017
• by Leena ElDeeb

A Saudi high-speed rail project connecting Medina and Mecca is progressing at a speedy pace with 95% of construction works completed, Saudi Gazette reports.