Month: January 2023

«National Housing signs agreements worth SAR 4 billion on the sidelines of the launch of the Mawadat platform

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National Housing Company

Reading time: 2 MinutesThe National Housing Company (NHC) has signed a number of agreements worth about 4 billion riyals on the sidelines of the launch of the Materials Platform at the Future of Real Estate Forum, where the platform aims to link contractors and real estate developers with the manufacturer or supplier approved by NHC in order to automate the procedures for ordering materials. Within the framework of supporting factories and increasing production efficiency, National Housing signed 22 ... Read more

Jumeirah Red Sea resort development consortium closes SAR 1 billion in financing«

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Reading time: 2 MinutesRed Sea International, the developer of two of the most regenerative tourism projects (The Red Sea and Amaala), has announced that it has achieved a financial close of more than SAR 1 billion for its joint alliance agreement with Al Mutlaq Real Estate Investment Company. John Pagano, CEO of Red Sea International, said the SAR 1.081 billion ($288 million) green financing has been secured... Read more

Tourism Development Fund signs financing agreement for Jeddah Cove project«

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Reading time: 2 MinutesThe Tourism Development Fund (TDF) has signed a financing agreement with Ezdehar Real Estate Development Company to develop Jeddah Cove, a tourism and entertainment landmark on Jeddah's waterfront. The project will feature more than 100 brands and a unique fountain designed by international companies, in addition to distinctive entertainment attractions, a cinema and various restaurants, with an estimated area of more than 137,000 ... Read more

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