Month: July 2026

Six Prime Plots of Land to Be Offered at the «Dammam Industrial Zone» Auction»

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Reading time: < 1 MinuteAl-Mahra Auctions announces the organization of the «Dammam Industrial Zones» online auction to offer six industrial lots in Dammam’s Second Industrial City via the «Wasalat,» targeting investors seeking investment opportunities in the industrial and logistics sectors.The auction features six plots of land, each measuring 25,000 square meters and designated for industrial and logistics use, in one of the most strategic locations in the city of … Read more

 Real Estate Project Manager: Is He a Project Coordinator or Legally Responsible for the Outcomes?

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Real Estate Deals - Real Estate Brokerage - Real Estate Marketing

Reading time: 2 MinutesWhen a real estate project runs into trouble, misses its completion deadline, or exceeds the approved budget, attention often turns to the project manager as the person primarily responsible for what happened, and accusations begin to fly between the developer, the contractor, and the consultant, while the project manager finds himself at the center of the conflict—even though many of the decisions that led to the setback may not have been his to begin with. And here… Read more

Jeddah Municipality Begins Developing Two Key Intersections to Address Traffic Congestion

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Reading time: < 1 MinuteThe Jeddah Provincial Secretariat has begun implementing traffic development and improvement works at the intersections of Prince Muhammad bin Abdulaziz Road (Al-Tahlia) with King Fahd Road and Al-Makrouna Road, as part of a project aimed at addressing traffic congestion and improving traffic flow on one of the city’s most vital thoroughfares.The Secretariat explained that the project is part of the Quality of Life Program initiatives stemming from Saudi Vision 2030, and includes … Read more

Class A towers operating with a Class C mindset... Why aren't our luxury offices competitive on the international stage?

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Riyadh - Riyadh Real Estate - The Capital

Reading time: 4 MinutesWhen you stand in front of one of Riyadh’s gleaming office towers, with its reflective glass facade and stunning architectural design, you might think at first glance that you’re looking at a workspace on par with the best that New York, London, or Singapore have to offer. International and local companies pay rents of up to 3,630 riyals per square meter annually, expecting a full «Grade A» experience in every detail. But… Read more

The Economics of Place... We've Misunderstood Real Estate

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Real Estate Marketing Emoji

Reading time: < 1 MinuteI believe that, for many years, we have been mistaken in the way we view real estate. We used to measure it by land prices, construction costs, supply and demand, and return on investment—all of which are important indicators, but they don’t paint the whole picture. Because real estate, in my opinion, isn’t just a financial asset… It is a reflection of a city. Therefore, the question worth asking is not: How much is this … Read more

The Custodian of the Two Holy Mosques Issues Royal Decrees on New Appointments

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Reading time: < 1 MinuteThe Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God protect him, issued a number of royal decrees that included dismissals and new appointments. The appointments are as follows: Prince Abdulaziz bin Salman as Minister of Industry and Mineral Resources, in addition to continuing in his role as Minister of Energy; Sheikh Dr. Muhammad bin Sulaiman Al-Mutlaq as Deputy Minister of Justice with the rank of “Excellent”;Shalaan bin Rajeh bin Abdullah bin Shalaan as Advisor to the Royal Court with the rank of Excellence. Bandar … Read more

A rebound in domestic demand boosts Saudi cement sales by 10% in June

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Reading time: 2 MinutesSaudi cement companies posted mixed results in June 2026, benefiting from improved domestic demand following the Hajj season, which was reflected in higher sales and production, while exports continued to decline, affected by weak demand in regional markets and geopolitical tensions. The monthly report on the Saudi cement market, issued by Yamama Cement Company, showed that sales by local companies rose during June … Read more

The International Monetary Fund Raises Its Forecast for Saudi Economic Growth to 5.5% in 2027

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International Monetary Fund Riyadh office market

Reading time: < 1 MinuteThe International Monetary Fund has expressed a more optimistic outlook on the performance of the Saudi economy in the coming years, after raising its forecast for the Kingdom’s GDP growth in 2027 to 5.5%, compared to its previous estimate of 4.5% in last April’s report, and this figure is also significantly higher than its January forecast, which projected growth of 3.6%. In contrast, the Fund lowered … Read more

Head of the Intellectual Property Protection Association Calls for Expanding the Use of Arabic in WIPO Services

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Reading time: 2 MinutesThe Chairman of the Board of Directors of the Saudi Intellectual Property Protection Association, Counselor Mohammed bin Abdullah Al-Salamah, stressed the importance of developing the international intellectual property system to strike a balance between encouraging innovation and protecting the rights of creators, calling for the expanded use of the Arabic language in the international registration services of the World Intellectual Property Organization (WIPO).He made these remarks during a speech delivered as part of the proceedings of the 68th meeting of the associations of the member states … Read more

Video: «Manshaat» Organizes «Real Estate and Construction Week» with the Participation of More Than 40 Government and Private Entities

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installations

Reading time: < 1 MinuteThe General Authority for Small and Medium Enterprises (Monsha’at), in partnership with the General Authority for Real Estate and the Saudi Contractors Authority, “Real Estate and Construction Week” from July 12 to 16, 2026, as part of the series of “Business Weeks” organized by the Authority. The event aims to enable entrepreneurs and owners of small and medium-sized enterprises to capitalize on promising opportunities in the real estate and construction sectors and connect them with potential partners and solutions … Read more

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