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
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’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
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
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
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
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
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
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, 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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
Completed Construction Projects in GCC to Grow by 7.7 Percent from 2014 to USD 72 Billion in 2015: Ventures Middle East
Dubai, UAE: GCC megaprojects can benefit from a new line of sound-absorbing ceiling panels, industry experts announced today in the build-up to the INDEX interior design exhibition.
In the build-up to World Expo 2020 in Dubai and 2022 FIFA World Cup Qatar, the GCC’s ......read more
SHARJAH 06/05/2015- The first dedicated lifting webbing factory in the Middle East and North Africa region was opened in Sharjah Airport International Free Zone (SAIF Zone) on Wednesday (6th May 2015).
Saud Salim Al Mazrouei, director of SAIF Zone and Hamriyah Free Zone Authority (HFZA) officially opened the UK-based Bash-P International- FZE, in the presence of Mohamed Basheer, President, ......read more
Leading International Shipyard Continues to Demonstrate Success at Asia Boating Awards
05 May 2015: The recently launched Majesty 122, built by one of the world’s leading superyacht shipyards, Gulf Craft, showed an early start to success after winning the prestigious Best Asian Built Yacht award, demonstrating the shipbuilder’s commitment to delivering world-class ......read more
Dubai, United Arab Emirates, 4 May 2015 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott) was awarded the ‘Best Serviced Apartment Company Middle East’ at the recent 2015 Business Traveller Middle East awards. The Awards celebrate those who have excelled, showcasing companies at the forefront of business travel across the Middle ......read more
Lamudi takes a look at lesser-known structures around the world
Jeddah - Saudi Arabia, April 22, 2015: On January 4, 2010, Burj Khalifa opened to the public. To this day, there are a few man-made structures that are so instantly recognisable to people all over the world. Burj Khalifa remains one of the world’s most iconic structures, providing the backdrop to many a love story.
Yet ......read more
Jeddah, April 2015: Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, today unveiled its plan to become the exclusive agent for a unique residential development titled ‘Bayat Plaza’ in Jeddah. The announcement was made on the opening day of the ongoing Cityscape Jeddah 2015 event.
Located off the intersection of Madina Road and King Abdullah ......read more
Dubai, UAE: International hardware and tool manufacturers are looking to the Middle East and Africa (MEA) as key growth markets, as the ongoing regional construction surge and preference for DIY home solutions stoke demand for tools and machinery.
Having completed US$67.6 billion worth of construction projects in 2014*, the GCC in particular is in the throes of building and ......read more
UAE, 4 April, 2015 - AZIZI Developments, a leading UAE property developer, is showcasing its current and upcoming luxury projects across Dubai as it joins regional and global developers, industry leaders and stakeholders at the latest edition of Cityscape Jeddah, Saudi Arabia’s premier real estate event. Being held from April 5 to 7, 2015 at the Jeddah Centre for Forums and Events under the ......read more
Doha: April 4, 2015 - At the next Project Qatar show, 4 – 7 May 2015 at Doha, ALLAINE will exhibit its range of adjustable pedestals made in France. ALLAINE screwjack pedestals can be adjustables or fixed, they are used for slab and timber terraces. They are adjustable in the height from 25mm to 700mm and allow slabs to be adjusted and levelled continuously, effortlessly, quickly and ......read more
Strong Turkish participation as Cityscape Abu Dhabi prepares to welcome more than 130 exhibitors
Abu Dhabi, UAE, 1 April 2015: Experts have highlighted Turkey as one of the most attractive real estate investment destinations in the region, due to its increased Gross Domestic Product and strong economic growth.
With an average GDP growth of 3.6% and a 55.6% year-on-year increase in ......read more
January 12, 2015 - Cayan Group, one of the Middle East’s leading real estate developers, has announced that it is developing AED 1.2-billion mega property projects in Dubai, UAE and Riyadh, Saudi Arabia this 2015. The award-winning company with a rich portfolio of premium developments across New Dubai’s skyline recently purchased strategically located prime lands in the two cities for ......read more
Event highlights Kingdom’s rapid seaport infrastructure development and overall $100 billion 2020 investment in transport and logistics
Saudi Arabia is experiencing exponential growth in its ports and shipping sectors, particularly in relation to the number of mega infrastructural land and sea projects planned and currently in progress, totaling more than US$ 30 billion within the ......read more
Riyadh – November 06, 2014: Under the patronage of H.R.H. Prince Dr. Mansour Bin Miteb Bin Abdulaziz, the Minister of Municipal and Rural Affairs, Saudi Build 2014 – the 26th International Construction Technology and Building Materials Trade Exhibition, kicks off next Monday (November 10, 2014) at the Riyadh International Convention and Exhibition Centre. Running until November 13, ......read more
Mostra Convegno Expocomfort to stimulate fresh opportunities in the Saudi HVAC systems market
The Heating, Ventilation and Air Conditioning (HVAC) market is predicted to grow to around US$ 1.4 billion (SR 5.5 billion) in 2015, up from US$ 1 billion (SR 3.8 billion) in 2011
The Riyadh Development Authority has approved a large SR 278 billion plan that includes major new housing ......read more
• Work on Emaar Square to commence this summer
• Dedicated commercial precinct overlooks the development’s Crescent Plaza
Dubai, UAE; August 10, 2014: Arabian Construction Company (ACC) has been awarded a prestigious construction contract in Saudi Arabia. The UAE-based organisation has signed an agreement with Emaar Middle East, a subsidiary of Emaar Properties, to ......read more
Three elegantly designed office buildings combined with luxurious lifestyle amenities with ultra-modern office environment
Overlooking Crescent Plaza, a thriving retail and F&B destination that adds to the quality of work life
Jeddah, Saudi Arabia; June 23, 2014: Emaar Middle East, the developer of iconic projects in Saudi Arabia, has unveiled the most prestigious commercial real ......read more
Rockwell Automation is pleased to announce that the first leg of Automation University – arguably the EMEA region's most significant and exciting free manufacturing event – is coming to Sheraton Dammam Convention and Exhibition Center, Dammam in Kingdom of Saudi Arabia on the 9th-10th September
Abu Dhabi, UAE – 19 June 2014 – The event is specifically designed to ......read more
Set to Showcase Dubai Projects at Business Bay, DIFC and IMPZ to Potential Saudi Investors
Dubai-UAE: 29 April, 2014 – Deyaar Development PJSC (Deyaar), a regional real estate company dedicated to innovation, customer care and long-term sustainable growth, today announced its maiden participation in the leading annual real estate exhibition and conference Cityscape Jeddah.
The fifth ......read more