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Construction & Real Estate News
Annual cost of living increases by 3.8% in Saudi Arabia
Arab News
August 28, 2016
The annual cost of living in the Kingdom increased by 3.8 percent, as determined on the basis of the increases registered among 10 consumer goods in c...
Value of awarded contracts in Kingdom reaches SR20bn
Arab News
August 22, 2016
The construction sector constitutes a major share of the Kingdom’s domestic economy. The sector recorded high annual real growth rates over the last f...
SEIKO opens first boutique in KSA
Saudi Gazette
August 20, 2016
Seiko Watches recently inaugurated its first-ever exclusive boutique in Saudi Arabia’s Eastern Province, when Al-Hussaini & Al-Yahya Investment Group,...
190 metro trains to serve 3.6 million commuters in Riyadh
Saudi Gazette
August 20, 2016
BY the end of 2018, Saudi Arabia’s capital city is expected to launch one of the world’s biggest mass transit systems. Arriyadh Development Authority ...
Saudi govt discussing rescue of construction company Oger
The Peninsula
August 3, 2016
Saudi Arabia's government is discussing a proposal to take over construction conglomerate Saudi Oger, owned by the family of former Lebanese Prime Min...
Saudi Arabia prepares rules for real estate funds
Gulf Today
August 3, 2016
Saudi Arabia's capital markets regulator issued draft rules for exchange-listed real estate funds on Tuesday as the kingdom tries to draw more private...
ADA applies world-class best working safeguards in Riyadh Metro Project
Saudi Gazette
August 2, 2016
Arriyadh Development Authority (ADA) has adopted and is applying world-class standards of best working environment in its King Abdulaziz Project For P...
Barwa Real Estate in Riyadh deal
Arab News
August 2, 2016
Qatar’s Barwa Real Estate said it had bought a vacant plot of land in Riyadh for SR659.28 million ($ 175.8 million). It did not give the name of the s...
Jeddah real estate markets' performance to improve with Vision 2030
Arab News
July 29, 2016
Jones Lang LaSalle (JLL), a major global real estate investment and advisory firm, released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports...
Saudi Vision 2030 to stimulate dull Riyadh, Jeddah real estate market
Saudi Gazette
July 28, 2016
With Saudi Vision 2030 pivotal to the diversification and restructuring of the economy in lieu of decreasing oil prices, both Riyadh and Jeddah contin...
Riyadh, Jeddah real estate slowdown continues
Gulf in the Media
July 27, 2016
The real estate markets in Saudi Arabia's Riyadh and Jeddah cities continue to maintain an overall slowdown in performance, according to a JLL report....
Dubai realty rakes in Dh57b in H1
Khaleej Times
July 25, 2016
Dubai's real estate market maintained its robust appeal in 2016, attracting Dh57 billion in investments by 149 nationalities through 26,000 transactio...
MODON signs 6,000 contracts worth SR600bn
Arab News
July 23, 2016
The Saudi Industrial Property Authority (MODON) has inked more than 6,000 industrial, logistic and services contracts for investments that exceed SR60...
Kingdom and S. Africa lead power generation construction in MEA
Saudi Gazette
July 21, 2016
According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the power generation construction projects pipe...
Dar Al-Arkan earnings dip 38.72%
Arab News
July 21, 2016
Dar Al-Arkan, one of Saudi Arabia's largest property developers, reported a 38.7 percent fall in second-quarter net profit on Wednesday, continuing it...
GCC building exterior market to hit $12bn
Gulf in the Media
July 20, 2016
Spending on building exteriors in the GCC will increase from $8 billion this year to $12 billion in 2024, according to a new regional market study. ...
Saudi Binladin seeks $ 218m Islamic loan extension
Gulf in the Media
July 18, 2016
Saudi Binladin Group has asked for an extension on an 817 million riyal ($ 217.8 million) Islamic loan that matured last week and which was being used...
First Snow City unveiled with touristic features
Arab News
July 16, 2016
Saudi citizens and residents can now enjoy a white winter in an environment that is safe. This follows the Kingdom’s indoor snow theme park at Al-O...
JLL and Makkah Chamber sign MoU to support real estate market transparency
Saudi Gazette
July 14, 2016
JLL, the world’s leading real estate investment and advisory firm, signed a Memorandum of Understanding (MoU) with the Makkah Chamber of Commerce & In...
Thyssenkrupp wins Riyadh Metro deal
Gulf in the Media
July 12, 2016
Thyssenkrupp, one of the world’s leading elevator companies, has been awarded a contract to design, manufacture, supply, install and maintain 641 elev...

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