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Riyadh leads Saudi office rental market with 23% growthSaudi Arabia's office and hospitality sectors are enjoying record double-digit growth as international interest rises, with Riyadh office rents surging by 23% year-on-year to reach an all-time high of SAR2,700 ($719) per square meter as of the end of March, said global property consultanc More… |
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New Murabba signs up Korean group Naver for mega Saudi projectNew Murabba, a company of Saudi sovereign wealth fund PIF, has signed up South Korean tech giant Naver Cloud Corp for deployment of its innovative technology and automation at the 14-sq-km mixed-use urban destination development currently under construction in Riyadh, KSA. More… |
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Adnoc Drilling awards $800m hydraulic fracturing contractAdnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. This is its fifth major and accretive contract in just over 2 mon More… |
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Dubai South launches new luxury master-planned communityDubai South Properties has announced the launch of Hayat, a new luxury master-planned community spread over a sprawling 10 million sq ft area. Located in the Golf District at Dubai South, near the existing terminal of Al Maktoum International Airport, Ha More… |
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Tabreed, CVC DIF to buy Abu Dhabi’s PAL Cooling from Multiply GroupTabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group, in a deal with an equity value of AED3.8 billion ($1.03 bil More… |
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Palma awards piling works contract for Jumeirah residential towerUAE-based Palma Development has signed up APCC Piling & Marine Contracting for the shoring and piling works at West Residence, the first residential tower within Serenia District, its AED5-billion ($1.4 billion) master-planned community located in Jumeirah Islands. More… |
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Arkan, British Telecom power DHL cloud rollout across Middle EastArkan Solutions, a leading Saudi-based provider of cloud communication services, has announced the successful go-live of its innovative PSTN integration service for DHL Express in Kuwait, Qatar and Jordan, in collaboration with British Telecom. Under a m More… |
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ROSHN Group makes it to Top 25 global real estate brands' listROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, has been listed among the top 25 real estate brands globally by Brand Finance, the world’s leading brand valuation consultancy. This i More… |
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UAE, China launch service centre to boost $400bn Arab tradeUAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the $400 billion trade between China and the Arab world. A total of 40 important projects w More… |
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Saudi logistics sector soars on big Grade A warehouses demandFuelled by the National Industrial Development and Logistics Program (NIDLP) under Vision 2030, Saudi Arabia's logistics and warehousing sector is rapidly expanding, driven by a booming e-commerce market and increasing demand for Grade A warehousing, according to leading real estate exper More… |
