Construction & Real Estate

Alandalus Property unit buys prime warehouse plots in Riyadh

Saudi-based Alandalus Property has announced that its key subsidiary, Marafiq Alandalus Allujistiyah, has acquired a prime plot of land spanning 44,550 sq m within the Al Mashael District in Riyadh. This land will be used for the development of logistics warehouses and other associated facilities. ...

Construction & Real Estate

Aldar teams up with Mubadala to acquire Masdar City Square for $250m

Abu Dhabi business groups Aldar and Mubadala Investment Company have joined hands to acquire Masdar City Square, a premium complex located near Zayed International Airport for AED918 million ($250 million). The project, which got competed in Q1, boasts over 47,000 sqm of net leasable area across seven office buildings. ...

Construction & Real Estate

JLL inks deal to acquire strategic stake in Saudi PIF company

Global real estate expert Jones Lang LaSalle (JLL) has announced that it has reached an agreement with Saudi Arabia's sovereign wealth fund PIF to acquire a significant stake in its company - Saudi Facility Management Company (FMTECH). ...