Seef Properties enters into partnership with Majd Investment
Seef Properties, the largest integrated developer of retail and entertainment destinations in the Kingdom of Bahrain, has formed a strategic partnership with Saudi-based investment company, Majd Investment Company to work on a mixed-use project in Dammam. The project, valued at around $132 million (BD50 million), marks Seef Properties’ inaugural venture in Saudi Arabia. The announcement […]
Saudi TDF to build $372m multi-use resort in Eastern Region
Saudi Arabia’s Tourism Development Fund (TDF) has announced plans to develop a multi-use resort on Half Moon Beach in the kingdom’s Eastern Province at an investment of SAR1.4 billion ($372 million). Spanning over a 262,000-sq-m area, the project will be operated under the Rixos brand and fully managed by global hospitality leader Accor. On completion, […]
Cityscape Global 2024 closes with record turnout, nets $61bn deals
Cityscape Global, the world’s largest real estate exhibition, ended on a successful note at the Riyadh Exhibition and Convention Center in the Saudi capital attracting more than 172,000 visitors and hosting over 400 exhibitors during the four-day event. Held under the theme ‘The Future of Living,’ it was organised by Tahaluf, a joint venture of […]
Aseer awards main contract for $266m multi-use Saudi project
Aseer Development Authority has awarded the main contract for ‘The Point’, a multi-use project being set up in Abha city in collaboration with Saudi Tourism Development Fund, Red Sea Markets for Real Estate Investment Company and Banque Saudi Fransi at an investment of over SAR1 billion ($266 million). Spanning over a 75,000 sq m area, […]
Cityscape Global 2024 closes with record turnout, nets $61bn deals
Cityscape Global, the world’s largest real estate exhibition, ended on a successful note at the Riyadh Exhibition and Convention Center in the Saudi capital attracting more than 172,000 visitors and hosting over 400 exhibitors during the four-day event. Held under the theme ‘The Future of Living,’ it was organised by Tahaluf, a joint venture of […]
Aseer awards main contract for $266m multi-use Saudi project
Aseer Development Authority has awarded the main contract for ‘The Point’, a multi-use project being set up in Abha city in collaboration with Saudi Tourism Development Fund, Red Sea Markets for Real Estate Investment Company and Banque Saudi Fransi at an investment of over SAR1 billion ($266 million). Spanning over a 75,000 sq m area, […]
Saudi PIF raises over $1bn with 2% stc stake sale
Saudi Arabia’s Public Investment Fund has raised SR3.86 billion ($1.03 billion) through the sale of a 2 percent stake in telecom firm stc. The offering, consisting of 100 million shares priced at SR38.6 each, was met with strong demand from both local and international institutional investors, according to a statement. The transaction represents the largest […]
Saudi Arabia’s industrial production holds steady in September: GASTAT
Saudi Arabia’s industrial production held steady in September, showing a slight year-on-year decrease of 0.3 percent due to a modest decline in manufacturing output, official data showed. According to data from the General Authority for Statistics, the Kingdom’s manufacturing sector decreased by 0.5 percent in September, bringing the Industrial Production Index to 105.6 points. This […]
Biban 24 concludes with $9bn in deals, boosting Saudi Arabia’s SME sector
Agreements exceeding SR35.4 billion ($9.42 billion) were signed at Biban 24 in Riyadh, an event organized by the General Authority for Small and Medium Enterprises, also known as Monsha’at The five-day event, themed “A Global Destination for Opportunities,” attracted over 182,000 visitors, reflecting the Kingdom’s rapid development in the SME sector and entrepreneurship, the Saudi […]
Qiddiya launches executive office to strengthen engagement with business partners
Qiddiya Investment Co., fully backed by Saudi Arabia’s Public Investment Fund, has launched an executive office dedicated to overseeing destination marketing and management. The new office, called “Spirit of Play,” represents the company’s first initiative to build strategic partnerships with businesses, investors, and professionals, according to the Saudi Press Agency. The development of cities like […]