Emaar Launches New Jeddah Residential Project

• Sunday, 11th December 2016
• by Invest Gate

Property developer Emaar Properties launched a third residential project in Jeddah Gate under its Emaar Residences brand, according to a press release.

Saudi Arabia to Establish Refinancing Company

• Wednesday, 7th December 2016
• by Farah Montasser

Saudi Arabia's Housing Minister Majed Al-Hogail announced the establishment of a refinancing company for the country's housing sector, reported the Saudi Press Agency on Tuesday

Payments to Contractors Boost Saudi Steel Prices

• Thursday, 1st December 2016
• by Joana Saba

Steel prices in Saudi Arabia experienced a strong upward surge this month after a government decision to pay construction sector dues, reported Reuters, citing a local newspaper.

Dubai Construction Payment Delays Becoming Problematic -Report

• Tuesday, 22nd November 2016
• by Karim Mohy

The construction sector in Dubai is facing increasing problems with payment delays which reach six months as a norm.

Arabtec 3Q Losses Narrow 76% y-o-y

• Monday, 14th November 2016
• by Karim Mohy

Dubai-based construction firm Arabtec Holding PJSC reported net losses attributable to its parent at AED 225 mn for the third quarter of 2016, marking a 76% decrease in losses compared to the same period last year, a ...

Saudi Oger Asks Banks for Freeze on SAR 13 bn Debt Repayment -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Leading Saudi construction company Saudi Oger has asked banks to freeze repayments on at least SAR 13 bn of debt according to unnamed sources.

Reduction in Downpayment on Saudi State-Facilitated Mortgages Could Benefit Thousands

• Tuesday, 8th November 2016
• by Karim Mohy

A recent reduction in the minimum downpayment required for state-facilitated mortgages in Saudi Arabia could benefit hundreds of thousands of applicants who currently do not own their home.

Saudi Aims to Pay Dues Owed to Contractors by Year’s End

• Tuesday, 8th November 2016
• by Karim Mohy

Saudi Arabia's Council of Economic, Development Affairs on Monday decided to immediately start paying back dues to private construction and development companies, aiming to finish payments by the end of the year.

Saudis Enraged by Housing Minister’s ‘Preachy’ Tweet

• Sunday, 6th November 2016
• by Karim Mohy

Saudi citizens heavily criticized their housing minister after a tweet in which he quoted Prophet Mohammed asking people to be generous to their neighbors, claiming he should focus on his work rather than preaching.

ZHA Design Selected for Saudi Heritage Center

• Wednesday, 2nd November 2016
• by Karim Mohy

London-based architectural firm Zaha Hadid Architects (ZHA) won the design competition for the Urban Heritage Administration Centre in Saudi Arabia last week.