Saudi Government Launches SAR 4.48 B Residential Project in Riyadh

• Sunday, 3rd July 2016
• by Eman El Sherbiny

The Saudi government announced its plan to build a number of 7,000 new villas, in the eastern part of Riyadh, with an investment of SAR 4.48 billion ($ 1.19 billion), over an area of 6.5 million square meters, a repo ...

Al Zamil Signs Saudi Hotel Deal with Swiss International

• Sunday, 26th June 2016
• by Nadine Abou el Atta

Al Zamil real estate group signed an agreement with Swiss International, which is a hospitality chain to establish a new hotel at Al Qassim Touristic City project in Saudi Arabia, Trade Arabia reported.

Tanmiyat Group Hands Over 184 Villas at its Living Legends Project

• Tuesday, 21st June 2016
• by Nadine Abou el Atta

Saudi Tanmiyat Group announced the handover of the first phase of its Living Legends project, including 184 villas and one tower block in Dubailand, after a six-year delay, The National reported.

Saudi Cabinet Approves Tax on Lands, Rules for Foreign Investments

• Tuesday, 14th June 2016
• by Nadine Abou el Atta

The Saudi Cabinet approved a tax on urban land that is not developed, as well as rules regulating foreign investments in the Saudi Kingdom to own 100 percent of retail and wholesale businesses, the official Saudi Pre ...

Dar Al Arkan Discusses Housing Plan with Saudi Government

• Wednesday, 8th June 2016
• by Nadine Abou el Atta

Saudi top real estate developer, Dar Al Arkan Real Estate Development Co. announced holding talks with the Saudi government to provide housing units under the Saudi economic reform plan.

Housing 2 Project of 4,800 Units Halted by Saudi Ministry

• Sunday, 5th June 2016
• by Nadine Abou el Atta

Development companies working on the Saudi Housing 2 project Dammam face losses after the Ministry of Housing halted the building of 4,800 units until further notice, Construction Week Online reported.

Jeddah Tower Construction Delayed Due to Contractor Problems

• Tuesday, 17th May 2016
• by Invest Gate

Jeddah Economic Company, a real estate developers, attributed construction delays for the 1Km-high Jeddah Tower to funding issues with the contractor Saudi Binladin Group.

Saudi’s Sidra Capital Buys $93M in US Real Estate

• Friday, 6th May 2016
• by Invest Gate

Saudi-Based Sidra Capital announced its acquisition of an office building in Fort Mill, South Carolina an investment worth SR 350 million ($93.3 million).

Egyptian, Saudi Investors Voice Concerns over Obstacles

• Tuesday, 5th April 2016
• by Nadine Abou el Atta

A number of major real estate investors operating in Egypt have voiced concerns over obstacles affecting the growth of the industry, and hence their businesses. The most prominent of these obstacles include an increa ...