Emaar Properties has unveiled its newest residential development in the city. The Hills, envisaged as part of Emirates Living, the pioneering master-planned communities by Emaar, will stand out for its spectacular Golf-course views and a focus on a greener lifestyle through several energy and water efficiency initiatives. Overlooking the Emirates Golf Club, with easy access […]
Qatar has the world’s highest density of millionaires, with 143 out of every 1,000 households holding private wealth of at least $1mn, much higher than the global average, according to a report. Qatar also ranks fourth in the world by ultra-high-net-worth (UHNW) households, defined as households with more than $100mn in private wealth, with eight […]
JEDDAH – Investment in environmentally friendly building projects in Saudi Arabia is set is to reach SR100 billion (over $26 billion) across 76 projects, Faisal Al-Fadl, Secretary General of the Saudi Green Building Forum, told a Saudi Arabic newspaper. “Out of 76 projects, 43 are based in Riyadh,” he said. Green building is the practice […]
The Kingdom has witnessed staggering growth in the digital platform in the last couple of years, according to Mohamed El-Mehairy, managing director of Connect Ads. “Saudi Arabia is currently one of the largest digital markets in the Middle East and North Africa (MENA) region with one of the highest Internet populations, making it a highly […]
The Municipality of the Holy Places is proposing to build a 2-million-square-meter educational project by establishing a private university on the Makkah-Jeddah highway. The university will be built over a space of 2 million square meters with a cost of more than SR 20 million. The university comes within the major investment projects of the […]
Total assets of ‘Top 100’ Saudi companies rose by 35 percent from SR 2.29 trillion in 2009 to SR 3.1 trillion in 2013, Al-Eqtisadiah business daily reported yesterday in its annual supplement on Top 100 Saudi companies. The report showed the turnover of companies rising by 40 percent from SR 484 billion in 2009 to […]
The power and water sectors are experiencing a massive boom in Saudi Arabia, according to Abdulrahman Almutari, head of privatization at the National Water Company . He stated that over SR 50 billion will be invested in water and wastewater projects from 2013-2017. Speaking at the 1stday of the 9th Water, Electricity and Power Generation Conference […]
JEDDAH — Dutch brand Bavaria’s 0.00% non-alcoholic malt drink is now available in the Kingdom, with the brand formally launching the drink at a function held at Park Hyatt Hotel recently. The brand has also launched a communication campaign specific to the country, and has begun distributing the drink in local grocery stores. Peer Swinkles, […]
JUBAIL – Ma’aden has signed a SR1 billion contract for the first phase of a new housing project for its employees. The Mutrafiah Housing Project at Jubail Industrial City includes the construction of 800 villas, the first of which will be available for occupancy in late 2014. In its entirety, the project will include 3,600 […]
RIYADH — Emir of Eastern Province Prince Saud Bin Naif will inaugurate a host of health projects worth SR1 billion in Hafr Al-Batin and the surrounding regions on Thursday. Minister of Health Dr. Abdullah Al-Rabeeah will join the Emir in the opening ceremony in the city close to the Kuwaiti border. Director of Health Affairs in […]