Construction & Real Estate

Knowledge Economic City sells prime Madinah land for mixed-use project

Saudi Arabia's Knowledge Economic City has announced the sale of 17,624.85 sq m plots of land within its premises in Madinah to two key entities - Al Bawaba International Investment and Olu Real Estate Company. The duo will be using these plots for the development of a mixed-use project. ...

Construction & Real Estate

Asas Makeen sets up new fund for Riyadh land development

Saudi-based Asas Makeen Real Estate Development has signed a framework agreement with two key entities - Middle East Financial Investment and Binaa Altharwat Company - to set up a real estate investment fund for the development of prime land owned by the company in Riyadh. ...

Construction & Real Estate

Red Sea International secures Madinah site for mixed-use project

Saudi Arabia's Red Sea International Company said it has completed regulatory approvals and taken possession of a 63,088-sq-m prime plot of land in Madinah, thus marking the start of its contractual obligations under a 50-year lease agreement with the municipality. ...

Construction & Real Estate

Alramz buys prime plot in Riyadh for 135-unit residential project

Saudi-based Al Ramz Real Estate Company has announced that it has acquired a prime 8,600 sq m plot of land in Al Malqa district of the capital Riyadh for the development of a residential project comprising 135 apartments along with premium amenities. ...

Construction & Real Estate

Object 1 enters major multi-plot land deal on Abu Dhabi’s Al Reem Island

Object 1, a key real estate developer, has closed a AED4.5 billion ($1.22 billion) multi-plot land deal in Abu Dhabi, marking a significant step forward in its expansion into the capital. The developer has acquired four waterfront plots on Al Reem Island with a development area of over 2 million sq ft. ...

Construction & Real Estate

Makkah Construction and Development Company buys prime plot for $261m

Makkah Construction and Development Company has bought 6,986 sq m of land at an auction for SAR980 million ($261 million). The plot, which is in close proximity to the Grand Mosque, is ideal for setting up a mixed-use project featuring a hotel and a mall, it said. ...

Construction & Real Estate

ROSHN inks $119m land sale agreements for prime Jeddah project

ROSHN Group has signed four land sale agreements within its large-scale integrated community - ALAROUS - in North Jeddah. Valued at over SAR448 million ($119 million), the deals span over 87,000 sqm set for new residential and mixed-use projects. ...