Reading time: < 1 MinuteThe Saudi Egyptian Development Company (SEDC) has succeeded in selling 60% units of the first phase of the Riyadh Secon Compound, which is built on 68 acres in New Cairo with total investments ranging between EGP 2.8-3 billion, said Darwish Hassanein, CEO of the company. Read more
Reading time: < 1 Minute Within the framework of its expansion policy for its multiple projects, Iyar Real Estate Company launched its first project on King Fahd Road, represented by Iyar Residential Tower, which the company has completed its arrangements to provide integrated services to its customers, providing them with all the requirements of comfort and entertainment in an attractive residential environment surrounded by all the requirements of the modern family. On this occasion, the CEO of Ayar Real Estate Company, Mr. Abdulaziz ... Read more
Reading time: < 1 MinuteHuawei, a global leader in the ICT industry, received an investment license to conduct 100% business activity in the Kingdom of Saudi Arabia from His Excellency Dr. Majid Al-Qasabi, Minister of Commerce and Investment, as part of the activities accompanying the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince and Chairman of the Council of Economic Affairs and Development to China. His Excellency the Minister of ... Read more
Reading time: < 1 Minute Talaat Moustafa Real Estate Group, one of the largest Egyptian companies in real estate development, revealed its intention to invest in the residential real estate sector in the Kingdom by allocating land and developing new residential cities in the Kingdom, this came during its practical visit to the Orient Gate project developed by Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company, and reviewed the success of the marketing plans to sell the plan. During the visit ... Read more
Reading time: < 1 MinuteAlinmaa Investment Company intends to establish an income-generating real estate investment fund in accordance with the Capital Market Law and its executive regulations for the sale and leaseback of real estate assets. The fund, which will be established in cooperation with Jabal Omar Company, will acquire some operational assets located within the first phase of the company's project in Makkah, which includes five hotels and four commercial centers. According to ... Read more
Reading time: < 1 MinuteIn the presence of a number of executives from the General Authority of Civil Aviation and King Khalid International Airport, Saudi Catering Company inaugurated the Wellcome Lounge services in the second travel hall at King Khalid International Airport in Riyadh, as part of the plan to expand the business, enhance competitiveness and diversify the services provided to travelers. In this context, the CEO of Saudi Airlines Catering Company, Wajdi bin ... Read more
Reading time: < 1 Minute Jeddah Development and Urban Development Company has allocated 220 housing units in the heart of Jeddah to receive Saudi owners living in the Ruwais neighborhood who opted for alternative housing, and the company indicated that these units can be delivered quickly if the owner agrees and the legal procedures are completed. For his part, the director of the Urban Renewal Department, Engineer Osama Ahmed Shehata, confirmed that the alternative housing is one of ... Read more
Reading time: < 1 MinuteThe Ministry of Housing has signed a memorandum of understanding with the government of Ningxia Province, People's Republic of China, to develop the Al-Asfar suburb in Al-Ahsa Governorate and build 100,000 housing units with various options with the integration of the necessary service facilities. Read more
Reading time: 3 MinutesThe Saudi-Chinese Business Forum ended its work yesterday with the signing of a number of joint agreements, with the participation of Saudi Minister of Trade and Investment Majid Al-Qasabi, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih and Vice President of the China International Trade Development Council Weng Jinzhen, the forum takes its importance by coinciding with the visit of the Deputy Crown Prince, Second Deputy Chairman of the Council of ... Read more
Reading time: 2 MinutesJadwa Investment Company's (Jadwa) Inflation Report indicated that the annual overall inflation rate in the Kingdom slowed for the fourth consecutive month to 3.8% year-on-year, with the core inflation index registering a significant slowdown, partly reflecting the slower level of economic activity as of July 2016. The inflation index also ... Read more
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