Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Thursday 30 January, 2025 9:58 am

Saudi Arabia’s NHC sees robust sales in 2025 amid lower interest rates

RIYADH: The CEO of NHC stated that lower interest rates in 2025 are expected to help the company exceed its 2024 achievements, with the reduced rates likely to boost sales. During a session titled “Enhancing Quality of Life: The Role of Real Estate in Community Development” on the...

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Business & Money | Thursday 30 January, 2025 9:56 am

Qatar official calls for GCC real estate boom to drive sustainable growth beyond oil

RIYADH: Oil-dependent countries in the Gulf Cooperation Council should focus on strengthening sectors such as real estate and tourism to ensure sustainable development, according to a Qatari official.  Speaking at the Real Estate Future Forum in Riyadh on Jan.27, the president of the ...

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Business & Money | Thursday 30 January, 2025 9:55 am

Experts highlight real estate financing, foreign investment at Saudi forum

RIYADH: Experts at the Real Estate Future Forum emphasized the evolving landscape of property financing in Saudi Arabia, pointing to strong bank portfolios, public-private partnership opportunities, and a focus on foreign investment. The Managing Director and Partner at Watheeq Financial...

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Business & Money | Thursday 30 January, 2025 9:54 am

Foreign investments set to revive Makkah’s property market: Ladun CEO

RIYADH: Saudi construction firm Ladun Investment Co. expects a surge in Makkah’s real estate sector following a key ruling by the market regulator allowing foreign investment in Saudi-listed companies owning property in the holy cities.  In an interview with Arab News at the Real Estate ...

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Business & Money | Thursday 30 January, 2025 9:53 am

Mayors set out real estate and infrastructure opportunities in Asir and Makkah

RIYADH: Saudi Arabia is accelerating its real estate and infrastructure development efforts to meet growing demand and improve the quality of life in key regions, including Asir and Makkah, according to top officials.  These initiatives, in line with Vision 2030, aim to boost tourism,...

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Business & Money | Thursday 30 January, 2025 9:52 am

Experts predict suburban boom, smarter housing designs in Saudi Arabia

RIYADH: The rise of community living and the increased accessibility of suburbs, driven by advancements in transportation, are transforming real estate trends in Saudi Arabia, experts say. At the Real Estate Future Forum in Riyadh on Jan. 28, Khaled Elsehamy, chief development officer for real ...

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Business & Money | Thursday 30 January, 2025 9:51 am

Sports and entertainment driving Saudi real estate boom, say Deloitte experts

RIYADH: Saudi Arabia’s real estate sector is gaining momentum as investments in sports and entertainment create new opportunities for infrastructure development and economic stability, according to industry experts. During a panel discussion on the final day of the Real Estate Future Forum,...

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Business & Money | Thursday 30 January, 2025 9:50 am

International mortgage firms set to transform Saudi Arabia’s real estate sector: top official

RIYADH: Top international financial institutions Apollo and BlackRock are set to enter Saudi Arabia’s mortgage market, potentially transforming the Kingdom’s real estate market, a top official said.  During a panel discussion at the Real Estate Future Forum in Riyadh, the adviser to...

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Business & Money | Thursday 30 January, 2025 9:46 am

Diriyah seeing strong real estate growth, planning mid-level housing units: Group CEO

RIYADH: The Diriyah project is experiencing strong success in residential real estate sales and is now targeting mid-level buyers, said a top executive.  On the final day of the Real Estate Future Forum, Jerry Inzerillo, group CEO of Diriyah Co., highlighted the rapid growth of the...

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Business & Money | Thursday 30 January, 2025 9:45 am

Clinton praises Saudi Arabia’s Vision 2030 for unlocking human potential

RIYADH: Former US President Bill Clinton praised Saudi Arabia’s Vision 2030 initiatives on Wednesday, highlighting their role in creating new opportunities for individuals to realize their full potential. Speaking on the final day of the Real Estate Future Forum in a panel titled “A...

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