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Featured in Real Estate and Retail
Millennium Hotels and Resorts MEA Appoints Samy Boukhaled as Vice President of Operations for KSA region

Saudi (February 12, 2019) – Millennium Hotels and Resorts, Middle East and Africa has appointed Samy Boukhaled as Vice President of Operations for the Kingdom of Saudi Arabia region.  Boukhaled has more than 29 years of experience in the industry, having held several leadership roles with hotel companies such as Accor and Sofitel. He has worked in countries such as France, Bahrain, Morocco and KSA. Reporting to Kevork Deldelian, Chief Operating Officer of Millennium Hotels and Resorts MEA, Boukhaled will oversee all operational aspects of the brand’s strategic expansion in the KSA region where several properties are to open this year, adding to its already extensive portfolio across the kingdom.  “We are delighted to welcome Samy to our executive team. Saudi Arabia is a key strategic focus for the ......read more

IHG signs world's largest Crowne Plaza® in Makkah

24 January 2019:   IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed a management agreement with Bougary Holding Co. to develop Crowne Plaza® Makkah Beban. Scheduled to open in December 2019, the new hotel comprising 1200 rooms will be world’s largest Crowne Plaza® and will be a landmark hotel for IHG.  Strategically located in close proximity to the Holy Mosque, the hotel will join the existing InterContinental® and Holiday Inn® in the city and cater to the influx of pilgrim visits expected as part of Vision 2030. IHG is the largest international hotel group in Saudi Arabia, both by number of hotels and number of rooms, and the latest signing is aligned with the company’s strategy to expand its footprint in the kingdom. Crowne ......read more

M Hotel Makkah by Millennium honors its employees on its 2nd Anniversary

Saudi Arabia, January 20, 2019:  M Hotel Makkah by Millennium, a 5-star hotel located in the heart of the holy city of Makkah, honored its employees on its 2nd anniversary, in recognition of their great efforts and contribution to upgrade the hotel to the 19th position in Makkah region, besides winning two international awards. The 2nd anniversary ceremony was attended by the hotel guests and staffs, and entertained in the presence of a number of celebrities from the Makkah’s Arts of Hijaz, including the vocalists Alaa Fida and Ahmed Fattan, and the Pakistani vocalist Asad Qureshi who performed the beautiful folk songs of Hijaz region & Islamic anthems. The ceremony was followed by another celebration in honor of the employees for their great efforts and contribution to upgrade the hotel on TripAdvisor to the 19th ......read more

Breakbulk Middle East 2019 reinforces the collaboration between UAE and Saudi Arabia

The event will aid the two countries in their strategic partnership for boosting economic ties and developing opportunities for trade and growth 9th of January 2019:   Breakbulk Middle East (BBME), a yearly conference gathering top industry leaders and experts from around the world, will be reiterating its goal of enhancing economic collaboration between the UAE and Saudi Arabia. The event, held under the patronage of  Dr.Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of Federal Transport Authority for Land and Maritime, will be taking place in Dubai for its fourth edition from 11th  February to 12th February 2019, at the Dubai World Trade Centre.  It will aim to highlight the major issues related to the industry aspiring to unite key players in breakbulk and ......read more

SHUAA successfully issues and places USD135 million (SAR 506 million) Sukuk for Jabal Omar Development Company

Kingdom of Saudi Arabia, January 8. 2019:  SHUAA Capital psc (SHUAA), the UAE-based financial services group is pleased to announce the issuance and private placement of a USD135 million SAR 506 million dollar-denominated five-year Sukuk for Jabal Omar Development Company (JODC), one of the largest publicly-listed real estate companies in Saudi Arabia as it seeks to strategically diversify its capital base. SHUAA acted as the sole arranger for the Sukuk , (The Sukuk was originally issued in the 2nd half of 2018). The Sukuk represents a fitting choice of financing for JODC, given the long-term nature of its requirements as a real estate developer and its focus on the holy city of Makkah. It also reflects a growing trend for Sukuk issuances, which raised $97.79 billion globally in 2017, up 45 per cent year on year, and particularly ......read more

Governmental Standardization Organizations Announce Support to the Big 5 Saudi as the Kingdom Strenghtens Focus on Construction Quality

Suadi Arabia, December 26, 2018:  The Saudi Standards, Metrology and Quality Organization (SASO), the Saudi Building Code National Committee (SBCNC), and the GCC Standardization Organization (GSO) have signed a partnership to support The Big 5 Saudi (10-13 March 2019, Jeddah Centre for Forums & Events), organisers dmg events announce. At the event, the governmental organizations, which are committed to protect consumers and strengthen the competitiveness of the national economy, will provide crucial intelligence to local and international participants, paving the way for the future development of the Saudi construction industry. The partnerships come at a time when more than 5,200 projects are under construction in the Kingdom, and confirm The Big 5 Saudi’s role as a key platform to advance the sector and meet the ......read more

Spirituality meets hospitality at M Hotel Makkah by Millennium

Family Suite Promotion starting from 333 SR Makkah, KSA (23 December 2018):   M Hotel Makkah by Millennium, a 5-star hotel located in the heart of the holy city of Makkah, is your ultimate place to create unforgettable memories with your family. With excellent facilities combined with superior hospitality, both adult and young guests are guaranteed the sweetest escape in the city. The hotel recently unveiled its Family Suite package giving families plenty of reasons to enjoy the winter season. With rates starting from 333 Saudi Riyal, guests will stay in one of the hotel’s luxurious and spacious suites featuring the best amenities, complimentary high-speed Wi-Fi internet connection, 25% discount on food and beverages and 25% discount on laundry. The package comes with breakfast and facility for an early check in and ......read more

New Executive Chef: Fahad Bukhari Joins Burj Rafal Hotel Kempinski

Riyadh,19 Dec.,2018 –   Burj Rafal Hotel Kempinski is proud to announce the appointment of Chef Fahad Abdullah Saleh Bukhari as Executive Chef. Fahad Bukhari comes with 17 years of experience having worked as Head Chef at Saudi Arabian Airlines, Executive Chef at Palace of the Queens - Jeddah, and later became Banquet Chef at Jeddah Hilton Hotel. He also held the position of Chef de Cuisine for the Western Kitchen at HRH Prince Al Waleed bin Talal’s palace. For presenting the Saudi cuisine in its authenticity Chef Fahad has won several medals and awards in national and international competitions, among them the award for “Best Hygiene and Food Safety” by Saudi Airlines Catering as well as three years in a row the award at “Top Chef” for his food exhibitions. Furthermore he was a member ......read more

CBRE 2019 KSA Outlook: Entertainment and Tourism Sectors to Stimulate Growth in the Kingdom's Real Estate Industry

40% of entertainment plans to be funded by private sector. 16 entertainment complexes and three additional leisure hubs to be delivered by 2030. Tourism figures expected to reach 26 million inbound visitors by 2023. 18 December 2018:   Saudi Arabia’s real estate market is expected to experience exponential growth as the Kingdom focuses on advancing its entertainment and tourism sectors – according to a new whitepaper released by leading global real estate advisor CBRE.   CBRE, which began operations in Saudi Arabia earlier this year, shared its key insights on the Kingdom’s fledgling entertainment and tourism sectors as part of its whitepaper titled Entertainment in Saudi Arabia: The Game Changer. The report predicts that, fueled by public and private investments and as part of its ......read more

Knight Frank releases the Makkah Hospitality Report 2018

Saudi Arabia, December 17, 2018:  This paper provides a review of the hospitality sector in Makkah and analyses how the market’s fundamentals are anticipated to change over the coming years in light of the wide-ranging initiatives, national reform programs and infrastructure projects set to be delivered in the short to medium term.   “As large infrastructure projects reach completion, the traditional demand-side bottlenecks related to capacity constraints will be alleviated allowing for increased visitation and revenue inflows, which will ultimately uplift hotel values in the medium to long term.” While most hospitality markets in the GCC are driven by traditional demandsupply mechanics, Makkah – for which religious visitation makes up the majority of demand – works slightly differently, ......read more

Makkah Millennium Hotel consistently ranked one of Top Two Hotels in Makkah Province by TripAdvisor

Merited for best Service, Family and Luxury hotel among 670 hotels in Makkah Province by Travellers on the World’s Largest Travel Site Makkah, KSA, 13 December, 2018:   Makkah Millennium Hotel, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, has been consistently ranked one of the top two hotels in Makkah province in 2018 by TripAdvisor. Makkah Millennium Hotel was placed alternatively between Top One and Top Two best hotel among 670 Hotels in Makkah, KSA, based on thousands of positive reviews and opinions collected from TripAdvisor travellers worldwide. Saad Khayat, General Manager, Makkah Millennium Hotel and Towers expressed his gratitude for the hotel’s recognition on the website, saying: “It is an honour to be recognized as one of the top ......read more

Makkah Millennium Hotel and Towers celebrates UAE's 47th National Day

Stay more and pay less from 28 November till 4 December Saudi Arabia, November 21, 2018:  Makkah Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Al Sharif Piazza and King Fahd Gate, joins the United Arab Emirates’ National Day Celebrations by offering its guests an exclusive “Stay More and Pay Less” package from 28 November to 4 December, 2018. On this occasion, guests can book any 4 nights but pay only for 3, in addition to an early check-in and late check-out. They can also enjoy 20% discount on all outlets and In Room Dining, besides High Speed Wi- Fi. Saad Khayat, General Manager of the 1,437-room property, said: "It is with pride that we participate in this great national holiday. The hotel and towers will reflect the ......read more

The International Council of Shopping Centers (ICSC) crowns Red Sea Mall with international awards

And “ITA’AM” project qualifies to the RECon awards in Las Vegas  November  5, 2018:   Continuing the great streak of success and achievements by maintaining the standards of excellence and innovation through campaigns that were launched throughout the year, the Red Sea Mall in Jeddah was crowned with the “ICSC Foundation” prestigious award and the RECon MENA awards at a ceremony (The Middle East and North Africa Retail and Shopping Center Awards 2018) held on October 30 at the Ritz-Carlton, Dubai International Financial Center. The awards, organized by the International Council of Shopping Centers (ICSC) and the Middle East Council of Shopping Centers (MECSC), are designed to recognize the most successful retail and retail centers, to boost net operating income, and to design and ......read more

Majid Bin Abdulmohsen Alhokair Officially Opens Inaugural Edition of Index Saudi 2018

Leading local and international interior design companies descend upon Riyadh  Riyadh, KSA, 1 November 2018:   Majid bin Abdulmohsen AlHokair, Vice Chairman of the Board of Al Hokair Group officially opened the inaugural edition of INDEX Saudi 2018, a new regional interior design show connecting more than 5,000 designers, architects, project managers and procurers. Welcoming recognised industry brand names from around the world, AlHokair toured the exhibition halls and met company representatives who have gathered in the Kingdom for the three-day event, which finished yesterday (1 November) at the Riyadh International Convention and Exhibition Centre. The new trade show hosts more than 100 exhibitors and is showcasing 1,000s of brands which are set to contribute to the region’s burgeoning US$3 billion ......read more

TRITON Attribution: Russian Government-Owned Lab Most Likely Built Custom Intrusion Tools for TRITON Attackers

October 24, 2018: Overview In a previous blog post we detailed the TRITON intrusion that impacted industrial control systems (ICS) at a critical infrastructure facility. We now track this activity set as TEMP.Veles. In this blog post we provide additional information linking TEMP.Veles and their activity surrounding the TRITON intrusion to a Russian government-owned research institute. TRITON Intrusion Demonstrates Russian Links; Likely Backed by Russian Research Institute FireEye Intelligence assesses with high confidence that intrusion activity that led to deployment of TRITON was supported by the Central Scientific Research Institute of Chemistry and Mechanics (CNIIHM; a.k.a. ЦНИИХМ), a Russian government-owned technical research institution located in Moscow. The following factors ......read more

Dar Al Arkan Seeks Accreditation from ETMAM for Three Developments in Riyadh City

DAAR pursues off-plan sales license from the Ministry of Housing  Riyadh, Saudi Arabia, 21 October, 2018:   Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Ar Riyadh, totaling over 1.936 million square meters. The company also applied for the issuance of off-plan sales license for projects under construction in Shams Ar Riyadh.  The new masterplans involve three zones in the iconic Shams Ar Riyadh development, which is strategically located on King Khalid Road. The comprehensive development in Zone 1 will be built over an 849,000 square metres area. The Zone 3 ......read more

Millennium Hotels and Resorts MEA launches ‘TooMooH' in the Kingdom of Saudi Arabia

A Talent Development Programme for National Colleagues in GCC countries Riyadh, KSA, October 20, 2018:   Millennium Hotels and Resorts, Middle East and Africa, one of the fastest growing hotel management companies in the region, today launched one of its key initiatives, ‘TooMooH’, in the Kingdom of Saudi Arabia.  Translated literally as ambition, TooMooH is a talent development programme established by Millennium Hotels and Resorts, Middle East and Africa to meet its rapidly expanding talent acquisition needs across the Middle East where it aims to operate 100 hotels by the year 2020. The programme reflects the brand’s vision to have an active role in the inclusion and development of GCC nationals in the region’s burgeoning hospitality industry. A press event was held at Copthorne ......read more

Makkah Millennium Hotel & Towers wins “Best 5-star Hotel” at the Arabian Travel Awards 2018

The award rewards and celebrates excellence across all sectors of the travel and tourism industry Makkah, KSA, 14 October, 2018:   Makkah Millennium Hotel and Towers, the luxury hotel serving the pilgrims coming to Makkah and located directly over the Holy Haram Piazza, is the proud recipient of the coveted “Best 5-Star Hotel 2018” award presented at the Middle East Gala Ceremony of the Arabian Travel Awards 2018 held recently in Dubai. Arabian Travel Awards is a platform for the Middle East to recognize those behind the success of the Travel & Hospitality industry to make them believe they are achievers. It serves to acknowledge, reward and celebrate excellence across all sectors of the Middle East hospitality industry. Kevork Deldelian, Chief Operating Officer at Millennium Hotels and Resorts - Middle ......read more

Saudi Arabia's Interior Design Market Sharpens Focus, Accounting for One Third of Sar35.6 Billion GCC Spend

INDEX Saudi prepares to host thousands of designers, architects, buyers in Riyadh this month as interior design boom grows momentum    9 October 2018:  Thousands of designers, architects and buyers representing hundreds of international suppliers are descending upon Riyadh this month to capitalise on the boom in interior design spending across the Kingdom.   Saudi Arabia accounts for almost one third (32%) of the total GCC interior design market spend, some SAR11.25 billion of a total SAR35.6 billion, according to a recent Ventures report commissioned by INDEX Saudi, the new design exhibition which runs at the Riyadh International Convention and Exhibition Centre from 30 October to 1 November.   The renewed demand for high quality interior design and fit out services in the Kingdom can be ......read more

Al Faisaliah Hotel Riyadh Celebrates Saudi National Day with Great Turnout

Riyadh, 26 September 2018:   In honor of Saudi National Day, Al Faisaliah Hotel Riyadh hosted a 3-day celebration at the hotel, offering guests a range of festive experiences and extraordinary culinary treats in line with the historic day. The event was well-received, with a remarkable number of guests attending from all across the Kingdom.   A key part of Saudi history, the day celebrates the establishment of the Kingdom of Saudi Arabia by King Abdulaziz in 1932 and symbolizes the ideals and hopes of the Kingdom. It provides a sentiment of pride for the country and symbolizes a sense of appreciation by the citizens, being proud of everything that the country has achieved.  The national day celebration also comes in line with highlighting the strong hospitality market in the kingdom, which has ......read more

Waldorf Astoria Ras Al Khaimah and Jeddah launch Adrenaline-Packed Experiences for Thrill-Seeking Guests

Choose between a Porsche, Ferrari, or Lamborghini ‘supercar’ to explore the mountain roads and coastal highways of Ras Al Khaimah Uncover the underwater secrets of the Red Sea and explore 5,000-year-old Coral Reefs in Jeddah Packages part of New Hilton Digital Platform offering bespoke luxury experiences, including Private Luxury Yacht Cruises in Istanbul and Pyramid Tours in Cairo Saudi Arabia, September 23, 2018:  As part of Hilton’s new innovative web platform that offers a range of exclusive experiences across the hospitality group’s luxury brands, Waldorf Astoria is offering guests a host of action-packed experiences that will surely win the hearts of adventure-seekers and adrenaline junkies alike.   The new Waldorf Astoria Ras Al Khaimah Supercar Experience offers guests the ......read more

Celebrate Saudi National Day with Al Faisaliah Hotel Riyadh

Riyadh, 20 September 2018 –   This Saudi National Day, Al Faisaliah Hotel Riyadh is honored and proud to invite guests to celebrate this historic day with a host of festive experiences and extraordinary culinary treats. A key part of Saudi history, the day celebrates the 88th Saudi National Day and the establishment of the Kingdom of Saudi Arabia by King Abdulaziz in 1932 and symbolizes the ideals and hopes of the Kingdom. It provides a sentiment of pride for the country and symbolizes a sense of appreciation by the citizens, being proud of everything that the country has achieved.  Located in the heart of Riyadh, Al-Faisaliah Hotel will look to showcase its deep appreciation and patriotism for the kingdom and its citizens, while reflecting the spirit of the day for three days from September 21 to 23, ......read more

The St. Regis Maldives Vommuli Resort Celebrates 88th National Day of the Kingdom of Saudi Arabia

Stunning private island resort invites guests from the Middle East to enjoy a luxury family vacation filled with complimentary experiences Saudi Arabia, 19th September 2018:   The St. Regis Maldives Vommuli Resort welcomes families from Saudi Arabia looking to celebrate their country’s national day with a holiday in cooler climes. To mark the 88th anniversary of the unification of the Kingdom of Saudi Arabia on September 23rd, visitors from the Middle East can enjoy special room rates, a great selection of dining offers for the whole family and a host of complimentary experiences across the private island resort. For the starting rate of USD 1,100++, guests can choose to check into one of the resort’s garden, overwater, beach and two-bedroom family villas, or the overwater suites.  Each booking also ......read more

Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show

Dubai, UAE, 19th September 2018: Celebrating KSA National Day, Dubai Festival City Mall is the place to be this weekend from Thursday 20th until Sunday 23rd September, as the Mall announces a new IMAGINE show. The two-time Guinness World Record breaking, show like no other - IMAGINE, will celebrate this joyous occasion with a special show every evening after sunset for four days.  Families will also be entertained by a traditional band that will roam around the Mall on Sunday the 23rd September from 4 to 7 pm. Shoppers will also be able to enjoy and array of different dining options on the waterfront at Festival Bay, as well as enjoy irresistible shopping offering at Dubai Festival City Mall stores.

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Al Widyan Co. (SRECO) Awards SAR 1.1 billion Contract to BINYAH

Contract is to develop infrastructure for a 7 million square metre development in the northern growth corridor of Riyadh Contract is expected to generate over 2000 jobs in Saudi Arabia RIYADH, 16 September 2018:   Al Widyan Saudi Real Estate Company (Al Widyan Co.), a private joint stock company owned by Al Akaria Saudi Real Estate Co. (SRECO), has awarded a SAR 1.1 billion contract to BINYAH to develop key infrastructure on the Al Widyan project, SRECO’s 7 million square metre site in the northern growth corridor of Riyadh.   BINYAH is a joint venture between SRECO and Mohammad Ali Al Swailem Group (MASCO), which own 60% and 40% of the joint venture company respectively. Binyah will be responsible for developing all of the infrastructure of the Al Widyan project.      Groundworks ......read more

Other Top Stories from Real Estate and Retail
 
Air Purifiers Market: Brand Value & Purification Capacity Key Factors for Consumers in GCC…

Although considered as a luxury, demand for air purifiers is steadily growing in the Gulf Cooperation Council (GCC) and is estimated to reach US$ 85.2 Mn by 2020. According to majority of air purifier manufacturers and distributors/retailers around the world, the HEPA technology will expand at an annual growth rate of 5%-10% between 2015 and 2020. The brand value and purification capacity is ......read more

Dubai Properties' Casa Dora at Serena records phenomenal response amidst flourishing affordable ...…

Attractive pricing plans for mid-income housing projects lead to high demand for Casa Dora at Serena in DUBAILAND  Dubai, UAE, September 8, 2016:    Highlighting the increasing demand for affordable housing targeting the mid-income segment, Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, announced that the release of the ......read more

Dubai Properties' Virtual Reality tour of master-planned destinations becomes a firm favourite for ...…

DP integrates innovative viewing technologies at Middle East real estate exhibition  Dubai, United Arab Emirates, 7th September 2016: Virtual Reality tour of master-planned destinations by Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for world-class destinations across the Emirate, is proving a firm favourite for visitors at Cityscape ......read more

First phase of Dubai Properties' Marasi Business Bay on schedule to be delivered in Q4 2017…

With water-homes under construction, Marasi Business Bay is set to provide a unique living proposition for Dubai Dubai, UAE, September 5, 2016:    Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule ......read more

Launch of Casa Dora at Serena in DUBAILAND to enhance market dynamics for affordable housing in ...…

Following success of the first release of townhouses in Bella Casa at Serena, real estate master developer Dubai Properties announces pre-sale online registration for launch of additional units soon Dubai, United Arab Emirates, 28 August 2016 – Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the ......read more

Jumeirah Beach Residence and GreenParking partner to Optimise Visitor Parking Experience…

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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…

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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…

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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

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