Marsa Matrouh to See “Disneyland-Like” Park Worth USD 3.3 bn

The first agreement stipulates the establishment of “an integrated entertainment city, similar to Disneyland, across 5,080 acres with total investments of EGP 58.24 bn (USD 3.3 bn)

Saudi Crown Prince Launches Ambitious Red Sea Tourism Project

Crown Prince Mohammed bin Salman announces the launch of an international tourism project in the Kingdom under the name of the Red Sea Project, which will be built in one of the world's most beautiful and diverse nat ...

New Saudi City to Provide 995,000 Housing Units

Prince Khalid Al Faisal bin Abdulaziz, advisor to the Custodian of the Two Holy Mosques and governor of Makkah Region, reveals details on a new housing project in Saudi Arabia, Trade Arabia reports.

Saudi Stalled Projects Expected to Decline 10% by Year-End

The Saudi Ministry of Environment, Water and Agriculture is seeking to cut stalled projects to less than 10% by the end of 2017, Al-Eqtisadiah newspaper quoted the ministry’s undersecretary Mohammed Al-Mukli as saying.

Saudi Construction Market Set to Grow to USD 98.8 bn by 2025

Multinational research firm BMI Research expects the Saudi construction market to reach a record growth of SR 362 bn in 2025, from SR 170 bn in 2016, Invest-Gate reports.

Former DAMAC Managing Director Joins Saudi Dar Al-Arkan

Riyadh-based property developer Dar Al-Arkan Real Estate Development Company appoints Ziad El-Chaar as its new chief executive, Reuters reports.

Parliament Approves King Salman’s Sinai Development Program

In a plenary session, the Egyptian parliament approved a report presented by the legislative and constitutional affairs committee on a Saudi-Egyptian loan for a development program of the Sinai Peninsula.

Egypt, Saudi Arabia Sign 222 B Investment Fund Pact

Egypt and Saudi Arabia signed EGP 222 billion ($25 billion) worth of agreements during Saudi King Salman bin Abdul Aziz Al-Saud’s visit to Cairo in April, Sahar Nasr, Minister of International Cooperation, told Daily ...

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