Tag: Saudi Arabia
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JLL has appointed a new Country Head
Riyadh, Kingdom of Saudi Arabia – 5 September 2022: JLL, a leading professional services firm specialized in real estate, investment management, and development consultancy services, has appointed Saud Mohammed Alsulaimani as its Country Head in the Kingdom of Saudi Arabia. This move will see Saud expanding and strengthening JLL’s presence in the country as a…
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Bahri signs MoU with Tabadul to collaborate on the development of innovative logistics data-sharing solutions
Riyadh, August 30, 2022: Bahri, a global leader in logistics and transportation, today announced the signing of a Memorandum of Understanding (MoU) with The Saudi Company for Electronic Information Exchange (Tabadul), the leading innovator and provider of smart digital and financial solutions and services to the business and logistics sectors. Under the new agreement, the…
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SmartCrowd Secures CMA License To Expand Into Saudi Arabia
Property News: Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental license by the Saudi Capital Markets Authority (CMA). SmartCrowd is currently working on completing business requirements for the upcoming launch of its Real Estate Funds Distribution Platform, making alternative assets accessible to the general public within Saudi Arabia soon. Saudi…
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DANUBE HOME –DUBAI’S LEADING HOME RETAILER -Partners with Masah Specialized Construction Co.
Danube Home enters the Saudi Arabia market through a Joint-Venture alongside a local partner. Dubai, Property News: Danube Home, the one stop solution for all home improvement needs, based in UAE under the Danube Group has entered into a strategic partnership with the Masah Specialized Construction Co, a leading company in Saudi Arabia’s construction sector. …
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Markaz real estate outlook reports for KSA and UAE forecast sector acceleration in H2 2022
Kuwait, Property News July 17, 2022: Kuwait Financial Centre “Markaz” Buoyed by strong macroeconomic fundamentals, the real estate sector in GCC economies is on a solid trajectory to witness acceleration in the second half of the year, according to the ‘Real Estate H2 2022 Outlook’ reports for the UAE and Saudi Arabia issued recently by…
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ARABIAN CENTRES ADOPTS FAIR VALUE MODEL, INCREASES NET ASSETS BY SAR 10.5 BILLION
Dubai, Property News: Arabian Centres Company “ACC”, the largest owner, developer and operator of contemporary lifestyle centres in Saudi Arabia, announced that its Board of Directors has approved on 29 June 2022 the adoption of the fair value model “FMV” to measure its real-estate and investment properties. The expected financial impact of which will increase the value of…
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ARABIAN CENTRES FURTHERS PROGRESS OF PIONEERING RETAIL PROJECTS
· Arabian Centres will work with Riyadh Capital to establish two funds worth SAR6.2 billion to secure funding for projects · The malls will offer unique lifestyle destinations bringing together luxury retail, dining and extensive entertainment offerings in brand new concept for the Kingdom · The 235.6 thousand sqm of GLA boosts the company’s ambitious expansion strategy Dubai,…
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Dar Al Arkan commences construction of the sold-out W Residences in Downtown Dubai
Riyadh, KSA, Property News, 7 June 2022: Dar Al Arkan is commencing the construction works including the excavation, shoring, and pilling works, 90 days after the successful launch of the W Residences Dubai – Downtown project in February 2022. The already sold-out 1 billion AED development is anticipated to mark the first standalone residences in the world under the iconic lifestyle…
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Ohud General Hospital in Madinah to be upgraded by Alfanar Construction
RIYADH, Saudi Arabia, Property News – Alfanar Construction, the engineering, procurement & construction (EPC) division of Alfanar, announced today that it has been awarded a SAR 109 million contract by the Ministry of Health (MoH), Saudi Arabia, to replace and develop the infrastructure for Ohud General Hospital in the city of Madinah. The 24-month project aims…
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Construction Begins on Saudi Arabia’s Jubail 3B Independent Water Project
Kingdom of Saudi Arabia, Riyadh, Property B News, 30 May 2022, : In the presence of Khaled Z AlQureshi, CEO of SWPC, global energy company ENGIE, together with Nesma Company Limited and Ajlan & Bros holding group broke ground on the Jubail 3B Independent Water Project (IWP) plant located 65km north of Dammam airport in the Kingdom of Saudi Arabia. Commissioned…
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