Month: January 2014

In the latest study Residential sector accounts for half of the GCC construction market

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Reading time: 3 MinutesIn the latest study Residential sector accounts for half of GCC construction market Amlak-Agencies A recent study revealed that $83.41 billion worth of construction projects (up 17.43%) were completed and $82.2 billion worth of projects were awarded during the year in the GCC. The same study estimated the total contracting, fixtures and interiors market in the region at $7.81 billion, ... Read more

International Real Estate Exhibition launches at Dubai International Center

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Reading time: 3 MinutesWith the participation of 300 GCC and international companies, the International Real Estate Exhibition launches at the Dubai International Center Amlak-Agencies The 10th edition of the International Real Estate Exhibition for Real Estate and Industrial Properties, which is held in conjunction with the Annual Investment Forum from April 8 to 10 at the Dubai International Convention and Exhibition Center, attracts about 300 companies from 80 countries around the world, and is organized with the support of ... Read more

943 million riyals in profits for Al Tayyar Holding Group

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Reading time: < 1 Minute943 million riyals profits of Al Tayyar Group Holding Riyadh-Amalak Al Tayyar Travel Holding Group revealed the preliminary financial results for the period ending 31/12/2013, where the group's profits rose to 943 million riyals, equivalent to 7.86 riyals per share by the end of 2013, an increase of 25 % compared to profits of 755 million SAR for the same period of 2012, and achieved ... Read more

Al Rajhi Bank's profits exceeded 7 million riyals by the end of last year

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Reading time: < 1 MinuteMore than 7 million riyals profits of Al Rajhi Bank by the end of last year Riyadh-Amalak Sulaiman bin Abdulaziz Al-Zabin, CEO of Al Rajhi Bank, explained that the bank achieved net profits during 2013 amounted to 7,438 million riyals. The CEO revealed that the bank achieved total income from operations during the year 2013 amounting to 14,114 million riyals. The bank's net finance profit increased ... Read more

«National Industrialization invests two billion riyals in investment projects

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Reading time: 2 Minutes«National Industrialization» invests two billion riyals in investment projects Riyadh - Amlak The National Industrialization Company held a press conference, in which it revealed the developments that occurred in the company's investments, where Engineer Saleh bin Fahad Al-Nuzha, CEO of National Industrialization Company, explained that the reasons for the decrease in the company's profits for last year by about 579 million riyals, compared to the profits of the previous year 2012, which ... Read more

Sudan to build Africa's largest airport

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Reading time: 2 Minutes”Qatar Airways and Gulf Air launch operations in the Kingdom with a fleet of more than one billion dollars Sudan to build Africa's largest airport Manama-Agencies On the sidelines of the Bahrain International Airshow 2014, Sudan signed a US$680 million agreement with China's EBE to build the second phase of the new Khartoum International ... Read more

“Dubai organizes international conference on infrastructure and logistics

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Reading time: 2 MinutesWith the participation of representatives from 165 countries “Dubai” organizes an international conference for infrastructure and logistics sector Dubai - Agencies The Emirate of Dubai organizes the fourth annual investment forum organized by the UAE Ministry of Economy at the Dubai World Trade Center from April 8 to 10, with the presence of representatives from 165 countries, where the number of visitors is expected to exceed the 10,000 visitors. ... Read more

Saudi investors set up 70 companies in Egypt

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Reading time: < 1 MinuteSaudi investors establish 70 companies in Egypt Amlak - Follow-ups During 2013, Saudi investors managed to establish about 70 companies in all economic fields in Egypt. This was announced by the Ministry of Investment. The Kingdom came in fifth place, with investments estimated at 1,245.02 million dollars, and Britain ranked first in the volume of investment flows in the Egyptian market, during the period from 1/7/2013 until ... Read more

Establishing a new industrial city in Hawta Bani Tamim

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Reading time: < 1 MinuteEstablishment of a new industrial city in Houta Bani Tamim Riyadh-Amalak The approval of His Royal Highness Prince Khalid bin Bandar bin Abdulaziz, Governor of Riyadh Region, was issued on the new site of the new industrial city to be established in the province of Houta Bani Tamim, as this site is located to the east of the province, where His Royal Highness directed to hand over the site to the Saudi Industrial Cities and Development Zones Authority to start ... Read more

100 hotel towers to be built in Makkah every year

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Reading time: < 1 Minute100 hotel towers to be built in Makkah every year Makkah Al-Mukarramah - Follow-ups The number of hotel towers to be built annually in Makkah is about 100 hotel towers competing for construction by 25 contracting companies. The rapid growth in demand for the construction of residential and hotel towers has attracted dozens of major companies to enter the construction market in Makkah, especially in light of the expansion of ... Read more

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