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Featured in Real Estate and Retail
SOUQ Customers Enjoyed Biggest Regional Online Shopping Event in Record-Setting White Friday 2017

SOUQ doubles number of items sold during White Friday 2017 compared to last year’s event With one million deals on offer, total number of items sold more than doubled compared to last year’s event 18 items sold per second during highest traffic time Products from over 16,000 fashion, beauty, electronics, grocery and other brands were on sale Over 70% of customers shopped through mobile devices across the region Almost half of customers paid using electronic payment methods 29th November, 2017, Dubai, United Arab Emirates:  SOUQ.com today announced that the number of items sold during White Friday 2017 more than doubled compared to last year - making it the biggest shopping event in SOUQ history. An unprecedented one million deals were on offer during the event, and 18 items were sold per second during ......read more

SOUQ ramps up operations ahead of White Friday Sale

Shoppers can snap up deals on a whopping five million products that will match the lowest prices in the region SOUQ further boosts operational excellence ahead of White Friday sale to create a superior customer shopping experience Targeted investment into expansion of Fulfillment Centers to gear up for increased demand Growth in number of staff and additional pickup points to meet high volume of orders Roll out of credit card payment on delivery in the United Arab Emirates (UAE) 20th November, 2017, Dubai, U.A.E:  SOUQ.com, the online retail and marketplace in the Middle East, has integrated some of parent company Amazon's (AMZN) processes and systems to further strengthen its robust delivery operations ahead of White Friday, its biggest online shopping event in the region. SOUQ's annual White Friday sale is ......read more

SOUQ.com to Launch Half a Million Deals for White Friday 2017

SOUQ’s biggest online sale to run an unprecedented 500,000 deals on 16,000 brands for shoppers in the GCC and Egypt from 22 to 25 November 50 times more deals on offer than last year across all categories, from electronics to furniture, fashion, toys and much more SOUQ adds massive new line up of leading labels on offer for White Friday Sale  14 November 2017, Dubai, United Arab Emirates:  SOUQ.com has announced the return of its biggest online shopping event, the annual “White Friday Sale”, with 500,000 deals across the region on more than 16,000 brands, from Wednesday 22nd to Saturday 25th November 2017. In its fourth year running, shoppers across the GCC and Egypt can snap up deals of up to 70 percent off on all product categories on SOUQ's website and mobile app, including mobiles, TVs, ......read more

Retail poised to be the first sector to recover in Riyadh's Real Estate Market

All real estate sectors continue to soften over Q3 2017, highlights JLL’s Q3 market overview report  Retail sector sees growth in sales and increased participation by women in the workforce  Riyadh, Kingdom of Saudi Arabia –30 October 2017:  With retail sales continuing to increase, this could be the first sector to recover in Riyadh real estate market, highlights JLL’s Q3 market overview report. As the government launched the USD 2.6 billion entertainment company in September, Shoppertainment remains a key concept in the retail industry among entertainment, leisure and F&B tenants.  The growing participation by women in the workforce in Riyadh increased 1% quarter-on-quarter, to reach a total number of 397,000 women currently employed. Furthermore, recent laws introduced to allow women ......read more

Saudi Investors to Keep Faith in Dubai Real Estate - Developer

ARTAR COO says the emirate’s property market has a proven reputation for delivering long-term benefits  Dubai, UAE, 13 September 2017:  Saudi Arabian investors will continue to put their faith in Dubai real estate because the emirate’s property market has a proven reputation for delivering long-term benefits, a developer said at Cityscape Global today. Okbah Abdulkarim, Chief Operating Officer of ARTAR Real Estate Development, says Dubai’s status as a safe haven for real investors remains intact and major developments driving the economy are building investor interest, particularly from Saudi. Official Dubai Land Department figures show that, in the 18 months from January 2016 to the end of June this year, the biggest GCC investors in Dubai real estate other than Emiratis were Saudis who made a total ......read more

Swarovski Opens a New Boutique at the Red Sea Mall, Jeddah

September 4, 2017:  When heritage meets craftsmanship, it results in Swarovski’s unsurpassed ability to renew itself in the utmost respect of its brand DNA. Crystal cutting expert, master of light and sparkle, glamour booster, Swarovski adds its fashion signature to make every day extraordinary and permit women to express their personality through inspired accessories, from day to night. To best encounter its collections, Swarovski invites women to live a real experience in its 2500 stores worldwide. An experience which is now possible in Jeddah at the Red Sea Mall, in a sophisticated and elegant atmosphere reflecting the brand’s iconic facets and plays with light, women can enjoy the whole Swarovski universe comprising fashion accessories, home objects, watches and men’s pieces as well.  An Exclusive ......read more

SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off

20th August 2017, Dubai, U.A.E.:  With soaring temperatures and busy lifestyles, SOUQ.com is enabling parents to conveniently shop all ‘Back to School’ essentials at click of a button and have the products delivered to their doorstep.  Offering exciting discounts up to 60% off on ‘Back-to-School’ collection, SOUQ.com promises to be your one-stop shop for all school requisites. From school bags, stationary, uniforms, daily kitchen essentials, hygiene products, lunch items to study room furniture, printers and scanners, SOUQ.com is offering all this and much more at incredibly affordable prices.  Catering to multifaceted needs of parents and kids, SOUQ.com’s ‘Back to School’ collection features the latest assortment of products and trendy characters including Disney Cars 3, ......read more

Sentiment ‘boosted' in the Makkah Real Estate market during H1 2017

JLL releases its Makkah H1 marketplace report showing signs of positivity as quotas are lifted on Hajj pilgrims Expected increase in visitors will benefit the retail sector  Makkah, Kingdom of Saudi Arabia – July 27, 2017:   JLL, the world’s leading real estate investment and advisory firm, today released its H1 2017 Makkah Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotels sectors.  The overall sentiment in the Makkah market was boosted during H1 2017 as the government lifted the quota on Hajj pilgrims despite ongoing major infrastructural work on the Holy Mosque. This shift in policy should further benefit retailers in Makkah who typically enjoy above average sales during the Hajj season. Retail rents declined by 7.5% in the central area ......read more

Montblanc increases presence in Saudi Arabia with new boutique in Riyadh's Panorama Mall

Boutique showcases latest collections of finely crafted lifetime accessories 18 June 2017:  International luxury Maison Montblanc has announced the opening of its latest boutique in the Middle East, in Riyadh’s Panorama Mall in the Kingdom of Saudi Arabia. Managed by Montblanc’s longstanding partner, the Al Hussaini Group, the new boutique will showcase a wide selection of the Maison’s core writing instruments, jewellery, timepieces and leather collections. Providing the perfect inspiration for discerning shoppers and gift givers alike, the boutique’s latest highlights include the recently launched UNICEF Collection in support of child literacy and education programs around the world. Each piece in the collection is designed with a hint of blue sapphire and alphabet-inspired motifs from six ......read more

Paris Gallery Opens in Al Hamra Mall, Riyadh, A signature shopping experience

Paris Gallery, the leading luxury retailer in the region, opened its new opulent store in Al Hamra Mall. The opening ceremony was held under the patronage and presence of Mr. Yaqoub Al Sharif Al Hashemi, Sara Group Executive Director and other chief guests including senior officials and diplomats led by His Royal Highness Prince Mohammed bin Faisal bin Mohammed bin Abdulaziz Al Saud, French Ambassador François Gouyette, Doctor Rosela Rosi, the deputy Ambassador and the Italian Trade supplement in Al Riyadh, accompanied by the director of public relations at the Italian Embassy, and the Charge Affaires of the UAE Embassy Ahmad Al Tanayji and an elite of businessmen and society. Paris Gallery has been catering to the unique needs of customers in KSA with distinctive merchandise and superior customer service. The launch of the new outlet ......read more

Strategic MoU encourages women into real estate sector in Saudi Arabia

New partnership between JLL and Effat University signed in Jeddah  MoU showcases real estate sector as career option for women in the Kingdom Jeddah, Kingdom of Saudi Arabia – May 31 2017:  JLL, the world's leading real estate investment and advisory firm, and Effat University, a private non-profit institution of higher education for women in Saudi Arabia, have signed a Memorandum of Understanding (MoU) that encourages students into the real estate sector. The MoU was signed in Jeddah between Jamil Ghaznawi, National Director and Country Head of JLL KSA, and Dr. Haifa Jamal AlLail, President of Effat University. The MoU is a collaboration that aims to increase the participation of students in real estate through internships at JLL’s offices in KSA. As part of the agreement, JLL will also deliver ......read more

Middle East Council Of Shopping Centres hosts RECon Forum – Jeddah 2017

RECon Forum Jeddah will be held at the Hilton Hotel Jeddah, 7th & 8th May 2017 Saudi Arabia, May 3, 2017 – The Middle East Council of Shopping Centres (MECSC) hosts the first RECon Forum Jeddah on 7th& 8th of May at the Hilton Hotel, Jeddah Saudi Arabia. RECon Forum Jeddah is themed “Retail of the Future – Saudi Vision 2013”; the event is under the patronage of HRH Prince Mishaal bin Majed Al Saud, The Governor of Jeddah and in association with Jeddah Chamber, Jeddah Tourism Development Council and Saudi Commission for Tourism & National Heritage. David Macadam, CEO, MECSC says, “This year we are pleased to offer the very first Recon Forum Jeddah; aiming to highlight expert industry speakers & influencers from the GCC and the Saudi region in a large platform. We have enjoyed ......read more

Mövenpick Hotels & Resorts' Pakistan Presence Blooms as Firm Signs New Property in the ‘City of Gardens'

Hospitality firm secures its third project in the country in just two years as agreement to manage Mövenpick Hotel & Apartments Lahore is finalised Dubai, United Arab Emirates, 19 April 2017 – Mövenpick Hotels & Resorts has expanded its footprint in Pakistan after finalising an agreement to operate its third property in the country. The Swiss hospitality firm has signed a deal with the Orient Group of Companies to manage the 310-key Mövenpick Hotel & Apartments Lahore, part of a new mixed-used development the government has earmarked as the city’s new commercial hub. Set to be one of the tallest buildings in Pakistan when it opens in 2021, the property will be the focal point of the high-profile Finance and Trade Centre project in Johar Town, an up-and-coming district earmarked for significant ......read more

Asteco signs first master franchise in Saudi Arabia

Saudi Arabia based Ma’ather for Real Estate Management LLC invests in Asteco’s proven franchise brand, the first in the country  Dubai, April 19, 2017:  Asteco, the Middle East’s largest independent full-service real estate company, has added its first franchise in Saudi Arabia to its growing integrated network, taking the tally of franchises to 15 in the GCC. Following the signing of the agreement with Asteco’s licensing division, Ma’ather for Real Estate Management LLC, the main real estate division of the Rabiah & Nasser Group (RANCO), a leader in the Saudi construction, industrial and real estate industry, will now operate under the Asteco brand. The signing ceremony, which took place yesterday at Cityscape Abu Dhabi, was attended by Asteco Managing Director, John Stevens; Asteco ......read more

Sloanes Real Estate Brokers launch Sample Floors at Bayat Plaza

Twin Towers represent quality and modernity in the heart of the city Jeddah: Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has announced the completion of Bayat Plaza’s sample floor, and will soon be transforming the skyline of central Jeddah with its luxurious residential development and contemporary landmark. Strategically located in the business hub of the city, Bayat Plaza will provide a unique concept in the heart of Jeddah, combining residential, retail and leisure amenities all at one location on Madina Road.  Bayat Plaza is built up over 32 stories and serviced by over 2,600 square meters of retail space on the ground and first floor. Bayat Plaza is by far the tallest development in the area and can be seen for miles on approach from any direction. Its illuminated glass crowns at the ......read more

Thousands join in Doha Festival City's opening day celebrations

As the Mall opens its doors with a celebratory bang, the Mall promises even more entertainment and surprises are yet to come!  Doha, 6th April 2017: Doha Festival City, the largest entertainment, retail and hospitality destination in Qatar, managed and operated by Al-Futtaim, opened its doors to the public yesterday, 5th April 2017. Thousands of visitors flocked to the new Mall from 10am to be amongst the first to shop, dine and be entertained. With something for everyone, visitors enjoyed the country’s biggest Marks & Spencer, the market’s first West Elm, the much anticipated Muji and the new flagship stores from H&M and Centerpoint. Over the next few weeks visitors will also be able to enjoy brands including the first VOX Cinemas in Qatar and the world’s largest Monoprix Hypermarket amongst many ......read more

Stone Leaders Turkey target Saudi's “Enormous Potential” to match export ambitions

Pictured: Quarry owners from Turkey – renowned internationally for their vast supply of exceptional natural stone and marble (left) – will touch down in the Kingdom today ahead of the first Stone & Surface Saudi Arabia trade show, starting in Jeddah (middle) tomorrow evening. Stefano Iannacone (right) of Dubai-based Mapei Construction Chemicals LLC described the Saudi market as having “enormous potential” Saudi Arabia, April 1, 2017:  Suppliers of the world’s most sought-after stone have targeted the booming Saudi construction industry as a major market for expansion in the next six years. Quarry owners from Turkey – renowned internationally for their vast supply of exceptional natural stone and marble – have touched down in the Kingdom ahead of the first Stone & Surface Saudi ......read more

Hilton Expands Hotel Portfolio in Saudi Arabia

Hilton Makkah Convention Hotel Opens, Bringing Largest Convention Centre to the Heart of the Holy City  MAKKAH, Saudi Arabia, 2 April 2017 – Hilton (NYSE: HLT) today opens the doors of Hilton Makkah Convention Hotel. With majestic views overlooking the Sacred Mosque, Al Masjid al Haram, and the city’s largest ballroom and convention centre, Hilton proudly welcomes Hilton Makkah Convention Hotel to its growing Middle Eastern portfolio.  “The opening of Hilton Makkah Convention Hotel marks Hilton’s 12th hotel in Saudi Arabia,” said Andreas Lackner, regional head, brand management, Hilton. “With more than 30 hotels under development, Saudi Arabia features our largest development pipeline in the Middle East and we look forward to extending our renowned hospitality across the ......read more

Cayan Group Announces New Strategic Project in Jeddah at MIPIM

Nikken Sekkei appointed architect for SAR 1.2billion project at Obhur waterfront Jeddah, 15thMarch, 2017—Cayan Group, the leading Saudi property developer in the Middle East, today announced plans for a new mega project at the Obhur waterfront in Jeddah. Attending the world’s leading property market, MIPIM in Cannes, France, Cayan Group outlined some details of the planned project, and signed the architectural contract with Nikken Sekkei, the leading architectural firm which was also presented Cayan’s Cantara project in Dubai, UAE. Cayan’s new project will sprawl across a built-up area of 140,000 sqm at a cost of SAR 1.2billion and will consist of two towers: one a 5-star hotel and the other branded residences offering high-end living. This is another foray for Cayan Group into the hospitality sector in the ......read more

IKEA Spreads Cheer on International Day of Happiness

Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi Dubai, 20th March, 2017:  Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.  Throughout the day IKEA chose shoppers at random and surprised them with nearly AED 20,000 of gifts to brighten their day. The activity was in recognition of the globally recognised day, designed by Action for Happiness that promotes wellbeing and progress through spreading happiness and was also in line with the Dubai Government’s drive to ensure a happy society for all its citizens.   According to new research*, practical gifts make people happier, so ......read more

The first Saudi Arabian woman to become a General Manager in Hospitality - Rezidor appoints Maram Kokandi as its General Manager in Jeddah

Dubai, UAE, March 16, 2017:  The Rezidor Hotel Group, one of the most dynamic hotel companies in the world, is proud to mark a new milestone in its history by appointing its first Saudi female General Manager in the company and the hospitality industry. Miss Maram Kokandi will be the General Manager of a new Park Inn by Radisson hotel in Jeddah, Saudi Arabia, scheduled to open later this year. The appointment complements the Saudi Vision 2030 launched last year, which emphasizes the significance of Saudi women and their role in leading the development of both social and professional growth of the Kingdom. Wolfgang M. Neumann, President & CEO of The Rezidor Hotel Group said “We are very proud to be part of this historic appointment. We are committed to empowering our women in leadership at Rezidor, and this announcement ......read more

Middle East Council of Shopping Centres' Next Generation Networking Reception in Riyadh

MECSC’s Next Generation Events – connecting retail professionals across Middle East Dubai, 9th March 2017 – The Middle East Council of Shopping Centres and the International Council of Shopping Centres host the Next Generation Networking reception in Riyadh, on Wednesday March 15th at Ritz Carlton Hotel in Riyadh, Saudi Arabia. David Macadam, CEO, MECSC says “Saudi Arabia has been progressively developing its shopping malls and retail industry; including hosting Recon Jeddah Forum this May. We are excited to host the Next Gen in Riyadh on 15th March and offer a unique platform for professionals to network and develop their business.” The Middle East Council of Shopping Centres emphasizes on educating and offering a successful Networking platform to its members and therefore MECSC has progressively ......read more

Leading manufacturer Danfoss announces office opening in Saudi Arabia

Jeddah: Danfoss – a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial, and water systems – has announced the launch of its first technical support office in the Kingdom of Saudi Arabia. Revealed at an event held at Sofitel Cornice Hotel in Jeddah yesterday, Danfoss senior executives from Dubai welcomed Mr. Mazen Batterjee, Vice Chairman, Jeddah Chamber of commerce, and Mr. Mutlaq Al- Tayyari, General Manager, SASO Makkah Al-Mukarramah Branch, as well as Mr. Ole Frijis-Madsen, the Ambassador of Denmark to Saudi Arabia. Serving clients in KSA for over 50 years through distributers and agents, Danfoss is now expanding its presence in the region through investing in an office that will provide technical support on the ground and ......read more

Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017

The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at US$ 137.5 billion by the end of 2016, and is expected to reach US$ 186.5 billion by 2023, expanding at a CAGR of 4.5% from 2016 to 2023. With the global furniture market experiencing a high, the Middle East wood furniture industry, particularly Saudi Arabia is witnessing a vibrant growth as well. The growing number of real estate development, increasing demand for residential property and the governmental initiatives to develop socio-economic ......read more

Al-Futtaim Launches Second Mixed Use Development in the UAE

New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail offering through the development of the new mall, located in Jebel Ali, the southern part of Dubai along the main Abu Dhabi – Dubai Highway. The project will be a mixed use development that combines living, working and entertainment with popular retail brands.  In the first phase of its development, which also includes a strategic partnership with wasl properties, a subsidiary of wasl Asset Management Group, the new retail offer is ......read more

Other Top Stories from Real Estate and Retail
 
Jumeirah Beach Residence and GreenParking partner to Optimise Visitor Parking Experience…

Reorganisation of parking management at JBR is set to ease and enhance residents and visitors’ experience Dubai, UAE, August 10, 2016:  Jumeirah Beach Residence, a Dubai Properties (DP) retail destination, has partnered with GreenParking, the only one-stop-shop for environmentally friendly car park management in the Middle East, to enhance parking facilities at the Jumeirah Beach ......read more

Dubai Properties extends flexible purchaser plan during the summer months…

Hike in sales transactions following increased buyer interest prompts to extension of flexible, post-handover payment plans  Dubai, UAE, July 31, 2016:  Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in ......read more

Riyadh and Jeddah's Real Estate Market performance is set to improve as a result of Saudi Vision ...…

According to JLL’s Q2-2016 Riyadh and Jeddah Real Estate Overviews  Kingdom of Saudi Arabia, July 27, 2016:  JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the ......read more

Dubai Properties Launches Bellevue Tower 2…

Strong investor interest after launch of Bellevue Towers in June Dubai, UAE, July 26, 2016:  In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high ......read more

JLL Signs MoU with Makkah Chamber of Commerce & Industry to support greater real estate market ...…

Makkah, KSA, 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 & Industry that will help improve transparency in the Saudi real estate market. As an independent consultant, JLL will collaborate with key stakeholders to collect, consolidate and share accurate data ......read more

The JBR Dome offers Dubai a chance to enjoy the UEFA's Euro 2016 football fever like never before…

Europe’s leading football competition to be broadcast live from a dome shaped tent that will be available for individual, group, and corporate bookings at JBR Dubai, UAE, July 4, 2016:   The JBR Dome, located in Jumeirah Beach Residence (JBR), a destination developed and managed by Dubai Properties, is a football-themed structure at the Rimal sector, and is scheduled to open ......read more

Research Facilities Construction in Saudi Arabia…

This report is the result of extensive market research covering the research facilities construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the research facilities construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Research Facilities ......read more

Riyadh Metro Completes Tunneling Excavation Works For Green Line…

Saudi Arabia, June 9, 2016:  ArRiyadh Development Authority (ADA) have today completed the end of Tunnel Excavation works for Line 5 (Green Line).  Line 5 (Green Line) is one of the three lines being constructed by FAST  Consortium - One of  three international Consortia commissioned to build the Riyadh Metro Projects’ six lines.  The announcement took ......read more

Conrad Hotels & Resorts Opens the Doors to Conrad Makkah in the Heart of the Holy City…

MAKKAH and MCLEAN, Va.– 7 June, 2016– Conrad Hotels & Resorts today celebrates the opening of its first hotel in the Kingdom of Saudi Arabia – the 438-room Conrad Makkah. Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, and the Holy Kaabah, the hotel is designed for today’s smart luxury traveller, combining intuitive service with ......read more

Oil & Gas Infrastructure Construction in Saudi Arabia to 2019…

This report is the result of extensive market research covering the oil and gas infrastructure construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the oil and gas infrastructure construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). “Oil ......read more

Intercoil International opens world class manufacturing facility in Saudi Arabia as hospitality ...…

Dubai, UAE, May 19, 2016:  Leading manufacturer, retailer and distributor of premium beds, bedding and bedroom furniture, Intercoil International, has opened a new manufacturing facility in Dammam to cater to Saudi Arabia’s rapidly growing hospitality sector. Boasting state of the art technology, the 4,400 m² factory will manufacture premium mattresses and a wide range of ......read more

Honeywell and Bayer Pearl provide new insulation technology to support Saudi Arabia's Montreal ...…

Spray foam insulation key to more energy efficient buildings in Saudi Arabia Riyadh, Saudi Arabia, May 18, 2016:  Honeywell (NYSE: HON) and Bayer Pearl have unveiled new spray foam insulation technology solutions that can improve energy efficiency in residential and commercial buildings in the Kingdom of Saudi Arabia.  With 1.5 million new homes needed to keep up with local ......read more

Red Sea Mall Launches "Smart Parking" with 60 Million Riyals. Inaugurating for a New Era ...…

Alawi: The New Parking Lot is to expand the Mall's capacity to 22 Million Visitors Annually    Jeddah, May 7, 2016:   The new smart parking lot at the Red Sea Mall was launched by the Sheikh Salih bin Mahfouz's attendance. The parking lot has been developed with a high budget that reached up to 60 million Riyals, completing the first phase of Red Sea Mall's vast ......read more

Danube strengthens affordable housing segment with AED300 million Glamz Residence…

Danube’s 6th project to re- energizes 'stop renting, start owning' push ‘Convert part of the living room to a bedroom’ concept is back on popular demand- innovative furniture converts a spacious living room into a full- fledged bedroom Keeping up the tradition, the project would be delivered in record time, expected completion date is September 2018 Danube, ......read more

StayWell Debuts Park Regis Brand in Saudi Arabia with Two Outstanding Properties in Makkah…

Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) announced the signing of a management agreement to open and operate the company’s first Park Regis properties in Makkah Saudi Arabia. In Dubai were StayWell Hospitality Group CEO Simon Wan and Asas Capital Ltd CEO Riyad Alhoraibi for the official signing ceremony. Expected to open in the ......read more

Cayan Group Acquires Off-Plan Permits for Samaya…

Riyadh,11th April 2016- Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, north western Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh. Cayan Group has obtained ......read more

Despite its Focus on the Saudi Market Cayan Group Expands Into Europe…

February 2016 - Cayan Group, one of the Middle East’s leading real estate developers, is making its foray into Europe, commencing with an alliance with Spanish real estate developer, Sarena. The elite partnership will witness the two companies jointly develop a project in stylish Costa del Sol which is situated in Marbella in Spain. With this union, Cayan Group initiates its ambitious ......read more

Gulf Dynamic Services targets 25% growth in 2016; eyes hospitality projects in UAE, GCC…

Dubai, February 13, 2016: Gulf Dynamic Services [GDS] – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 25% growth in turnover in 2016 – as demand for quality fit-out solutions continues to increase with hectic construction activity in the UAE and GCC countries. The ......read more

Gift more to your loved ones this Valentine's Day with Souq.com…

*Top gifting categories for Women - Perfumes & Beauty, Watches and Designer Clothing  * Free shipping for orders worth AED 200 and above Dubai, UAE, February 9, 2016:  Valentine’s day is fast approaching and the last minute buyers only have a limited time to purchase a gift for their loved one. Souq.com are making it even easier having announced free shipping from 8th to ......read more

Bayat Plaza launched for sale exclusively by Sloanes Real Estate in Jeddah…

Dedicated real estate showroom inaugurated in Jeddah to support robust market growth in the Kingdom Mock up apartment of ‘Bayat Plaza’ also unveiled Jeddah: line with its commitment to expand presence in the Middle East region, Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has today announced the official opening of its state of the art customer ......read more

Real Estate Market in Dubai…

Dubai, UAE, January 7, 2016:  In Dubai, there are several opportunities to buy and rent property at attractive prices in certain locations.  The secondary and off-plan markets of Dubai have vendors and developers that are offering fair prices, reasonable payment plans, as well as new stock and finish levels to attract buyers.  Hussain Alladin, head of research, GCP ......read more

Red Sea Mall and Etaam Launch Food Perverseness Campaign…

More than 6,000 tons of waste dump daily in Jeddah alone.. 60% of which is excess food       Jeddah : In a leading initiative towards community service that is derived from the profound belief to endorse social responsibility, especially by top corporate, Red Sea Mall management has signed a corporation agreement with "Etaam" for food saving awareness. The ......read more

Red Sea Mall Wins Silver in the ICSC 2015 Middle East and North Africa Shopping Centre and Retailer ...…

Region’s most innovative properties honored at ICSC’s 2015 RECon Middle East and North Africa Jeddah, November 21, 2015:  The International Council of Shopping Centers (ICSC) has announced the winners of the 2015 Middle East and North Africa Shopping Centre and Retailer Awards, recognizing the region’s most innovative shopping centres for outstanding achievement in ......read more

Regional logistics and warehousing exhibition attracts 4,386 trade visitors from 55 countries…

Dubai, UAE: Materials Handling Middle East 2015 concluded in Dubai yesterday (16 September), with the double-digit growth in both visitors and exhibition space firmly cementing its position as the must-attend trade show for the regional logistics, warehousing, supply chain management, freight and cargo industries. The biennial three-day event attracted 4,386 trade visitors from 55 countries, ......read more

The Brightest minds in Retail & Shopping Mall industry rewarded at RECon 2015…

RECon 2015 – rewards the most outstanding Achievers in Marketing, Retail & Design on 3rd of November at Ritz-Carlton DIFC at the Awards & Gala Dinner Dubai, November 4th 2015 – The Ballroom at the Ritz Carlton – DIFC glittered with the Awards and the Winners taking home the esteemed trophies; the Awards ceremony & Gala dinner was held on the last night of the 3-day ......read more

KSA construction sector to grow 7.8 per cent by 2019 driven by demand for social & utility ...…

October 25, 2015: The Kingdom of Saudi Arabia’s (KSA) construction sector continues its upward trajectory and maintains its position as the Middle East’s largest construction market with SR. 11.25 trillion worth of planned projects to commence by 2020. An expanding population of young citizens, growth in religious tourism, and demand for better infrastructure in sectors such as ......read more

Saudi Build 2015 to complement KSA's robust construction sector with wide range of innovative & ...…

October 22, 2015  The Saudi construction sector is witnessing tremendous growth and is set to expand by 7.8 per cent between 2015 and 2019. The Kingdom has positioned itself as the Middle East’s largest construction market with several projects, many related to social and transport infrastructure, currently underway. The sector’s sustained growth, supported by government ......read more

The Saudi Authority for Accredited Valuers (Taqeem) launches the training program ‘Expropriation of ...…

To find out the best international practices in the field of expropriation and identify the best methods of applying the law in the Kingdom Riyadh, October 7, 2015:  In the framework of the Saudi Authority for Accredited Valuers’ (Taqeem) efforts of regulating the real-estate valuation profession and developing the performance of its practitioners, the Authority in cooperation with ......read more

KSA emerges as Middle East's largest construction market…

October 8th, 2015: The Kingdom of Saudi Arabia’s (KSA) construction industry is expected to continue its growth in the next few years with the value of projects planned and under way estimated to be over SAR 3.75 trillion. This encompasses several sectors, including transport, infrastructure, utilities, education and healthcare, reflecting the prioritization of upgrades to local roads, ......read more

Prince Sultan Bin Salman led positive change for the disabled in Saudi Arabia…

3,000 disabled children from DCA enjoy the Safari experience at Red Sea Mall JEDDAH - 29 September 2015: As prime attractions in Saudi Arabia’s major cities, shopping malls vie for the attention of shoppers and tourists with innovative, fun entertainment events. Being open to all people from all walks of life, many of these events are geared towards people with special needs. Red ......read more

KSA increases efforts in building more hotels to offer better services to Hajj pilgrims…

September 28, 2015: After oil, tourism for religious purposes is currently one of the biggest sources of revenue for the Kingdom of Saudi Arabia (KSA). The country has undertaken several initiatives in the recent years to build more hotels and provide better services to pilgrims who visit Makkah each year, in order to facilitate expanding number of religious tourists.  Alongside ......read more

Gulf Sotheby's International Realty Strengthens Presence in GCC…

• UAE franchisee acquires GCC franchise license • Confirms more exclusive luxury property listings Dubai, United Arab Emirates, 6 September 2015: Gulf Sotheby’s International Realty is now the license holder of the exclusive global luxury real estate network in six Gulf countries, following its recent acquisition of the GCC franchise license. The territory to be ......read more

Metro projects dominate as uncertainty surrounds regional mainline and long-distance rail schemes…

Dubai; United Arab Emirates; 31 August 2015 – The GCC states must decide soon on the fate of the long-awaited GCC rail railway network if it is to be operational by 2020, according to the latest analysis by MEED Projects, the region’s leading online projects tracking service. While metro projects in Doha, Dubai, Jeddah, Mecca and Riyadh are pushing ahead rapidly, efforts to develop ......read more

Salas to direct Crystal Lagoons projects worth over US$13 billion…

New regional director appointed to oversee company’s 40 under-development Middle East projects currently valued at over US$13 billion at Cityscape Global; remit to identify new opportunities to take patented mega-lagoon technology to key Gulf destinations 25 August 2015: Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, will return to Dubai for the ......read more

Red Sea Mall Launches Sharia's Safari as Sponsor of Jeddah Ghair Festival…

Jeddah, August 9, 2015: The Red Sea Mall, Jeddah’s biggest shopping center and family entertainment district, recently launched the “Sharai Safari”, a fun filled, educational family event as part of the Jeddah Ghair Festival, of which the Red Sea Mall is the diamond sponsor.  The free event, which will continue until September 23rd, includes a stunning display of ......read more

TripAdvisor Rewards Red Sea Mall with “Certificate of Excellence”…

The Red Sea Mall, Jeddah’s biggest shopping center and family entertainment district, has won TripAdvisor’s “Certificate of Excellence” award for best shopping experience in 2015. TripAdvisor, the world's largest travel site, recognized the mall with the award after receiving consistently positive reviews from the mall’s many visitors. The award is just one of ......read more

India's First International Real Estate Show IREX to Be Held in New Delhi, India.…

The first edition of International Real Estate Expo (IREX) 2015 will be held at Pragati Maidan in New Delhi. The three-day expo starting from 4th December 2015 will present international real estate investment avenues for high net worth and wealthy Individuals who are looking at investing in a property outside India. The show will have participation from leading property developers from US, UK, ......read more

India's first International Real Estate show IREX to be held in New Delhi.…

The first edition of International Real Estate Expo (IREX) 2015 will be held at Pragati Maidan in New Delhi. The three-day expo starting from 4th December 2015 will present international real estate investment avenues for high net worth and wealthy Individuals who are looking at investing in a property outside India. The show will have participation from leading property developers from US, UK, ......read more

Dabur Herb'l Sensitive Toothpaste's natural formula provides instant & long-lasting solution for ...…

Dubai, UAE, July 20, 2015 – Sensitivity of teeth is a common oral health issue that affects one in three people. A condition, when one experiences sharp pain on consumption of hot, cold or sweet food or beverage, is known as sensitivity of teeth. Dental experts have revealed that sensitive teeth are the result of the de-mineralization of teeth due to frequent intake of acidic food such as ......read more

Chestertons launches operations in Saudi Arabia…

JV with MEDAD to offer valuations and consultancy services across the Kingdom with offices in Riyadh, Jeddah and Khobar Dubai, UAE, July 14th, 2015: Chestertons, the international property agency established in 1805, has launched its operations across Saudi Arabia by entering into a joint venture with MEDAD Valuation International. MEDAD Valuation International is part of the leading Najeeb ......read more

Aurecon helping to shape the future of roads and transport in Dubai…

DUBAI, UAE, June 30, 2015- Many roads in Dubai are heavily congested, leading to long delays for commuters. In November 2005, the Roads and Transport Authority (RTA) was formed in order to execute strategic plans for Dubai’s traffic projects, including the construction of the Dubai Metro and other integrated road systems.   Aurecon was appointed by the RTA in March 2015 to upgrade ......read more

Alstom and National Grid SA sign a MOU to develop the electricity infrastructure in the Kingdom of ...…

Alstom Grid and National Grid SA of the Kingdom of Saudi Arabia signed a Memorandum of Understanding (MOU) under which the two companies will cooperate in developing and advancing electricity infrastructure in the Kingdom of Saudi Arabia on a long-term basis. This MOU was signed by Mr. Mohammad Al-Rafaa, Engineering Vice President of National Grid SA and Mr. Michel Augonnet, Senior Vice President ......read more

Real estate in emerging markets sees shift towards second-tier cities…

Capital cities no longer the sole focus for property investors Saudi Arabia, 21 JUNE, 2015: Changing perceptions of the emerging markets are attracting an increasing number of foreign investors to second and third tier cities in emerging urban areas, as they begin to challenge their developed counterparts. Economic growth, infrastructure development and demographic changes are affecting ......read more

UAE-based Bion Industrial Launches the Region's Most Advanced Tipper Trailers to International ...…

Bion Industrial increases efficiency and safety with launch of three new tipper trailers Leading UAE, Saudi, Omani, Qatari and Bahraini companies gather at Dubai launch event New B250, B340 and B480 tippers boast outstanding payload, second-to-none efficiency, advanced safety features and materials made to last Dubai, 16 June 2015: UAE-based heavy transport equipment manufacturer, ......read more

Anjum Hotel Makkah receives TripAdvisor 2015 Certificate of Excellence…

June 16, 2015 - Anjum Hotel Makkah, the largest hotel in the Middle East region, has been awarded with the 2015 Certificate of Excellence from TripAdvisor, The world’s largest travel site providing reviews of travel and tourism related content. The certificate was awarded to the hotel in recognition of the high number of outstanding reviews posted by travelers on the TripAdvisor website ......read more

UAE to host World's First Global Manufacturing and Industrialisation Summit…

Unique 2016 UAE Ministry of Economy/ United Nations Industrial Development Organization summit for public and private sectors; civil society Summit to facilitate global debate and vision setting for future of manufacturing, and address key challenges and solutions for evolving the global & sustainable manufacturing landscape [Abu Dhabi, United Arab Emirates, June 6, 2015] The United ......read more

Red Sea Mall continues marching towards uniqueness as it harvest more international recognition…

Jeddah, June 3, 2015: Marching towards Excellency and uniqueness in Saudi Arabia, Red Sea Mall has won a prestigious award and certificate in the shopping and entertainment centers. The mall won the award for the best shopping experience. The award was received in a ceremony by HRH Prince Sultan bin Salman bin Abdul Aziz, the President and Chairman of the Board of Directors of the Saudi ......read more

BMTC launches GI Conduits from ITCC in the UAE market…

Dubai - June 1, 2015: Bahri & Mazroei Trading Company (BMTC), the region’s leading provider of solutions for building and infra-development segments, showcased a new range of GI Conduits manufactured by International Tube and Conduit Company (ITCC), a leading producer of galvanized steel conduits in Saudi Arabia.  BMTC is the flagship company under Bahri & Mazroei ......read more

Foreign buyers invest Dh12 billion in Dubai real estate…

For the past several years, foreigners have been purchasing properties, including luxurious flats in Dubai’s glittering high-rises. As of the first three months of the year, international buyers from 123 nationalities poured billions of dirhams into the emirate’s real estate market. The affluent investors in the Gulf Cooperation Council (GCC) states registered the biggest chunk in ......read more

GrassCo Sponsored and Panelisted in the 3rd Annual Middle East Smart Landscape Summit 2015 in ...…

Jeddah, Saudi Arabia, April 30, 2015 – GrassCo (member of Al Sorayai Group) recently attended the prestigious “3rd Annual Middle East Smart Landscape Summit 2015” - April 28 to 29, 2015 at Sofitel The Palm Resort and Spa, Dubai, UAE, with an exciting series of keynote speeches, panel discussions, case studies and networking sessions. The summit is produced by global conference ......read more

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