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Shares of Saudi property companies got a strong boost after the kingdom approved a new law that will lead to the creation of designated zones where foreigners are able to own property....
Faisal Durrani, Partner & Head of MENA Research at Knight Frank speaks with Bloomberg TV's Joumanna Bercetche on the Horizons Middle East and Africa show about first-time home buyer demand in Saudi Arabia and his outlook for the property market in the kingdom. (Source: Bloomberg)...
Saudi Arabia faces growing challenges in its residential real estate market as soaring prices and high borrowing costs cool appetite for home ownership, according to the real estate consultancy Knight Frank....
Umm Al Qura for Development & Construction Co., the Saudi Arabian firm behind one of the largest projects in the Muslim holy city of Mecca, plans to proceed with an initial public offering on the country's main stock exchange....
Saudi Arabia said it will begin allowing foreigners to invest in publicly-traded companies owning real estate in the holy cities of Makkah and Madinah as the kingdom looks to draw in more overseas investment....
Trump Organization Announces New Tower In Saudi Arabia
Authored by Jack Phillips via The Epoch Times,
The Trump Organization confirmed it will construct a new Trump Tower in Saudi Arabia, according to a company announcement Monday.
The firm, owned and led by Donald Trump since 1971 before he handed over the reins to his children upon winning the election to become the 45th president, announced it partnered with a Saudi-owned developer Dar Global to build the tower in Jeddah. It's the first building that the Trump Organization would develop in the country.
“We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global,” Eric Trump, the former president's son and executive vice president of the company, said in a statement.
“This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication.”
The head of Dar Global added th...