• 80pc of Riyadh housing projects completed


    Saudi government said more than 80 per cent of its housing projects being developed on a 5-million-sq-m area west of the King Khalid International Airport (KKIA) in capital Riyadh have been completed.

  • Abu Dhabi free-hold property 'to be in big demand'


    With the new real estate regulatory legislation coming into force this year, Abu Dhabi is likely to see a demand for free-hold property, according to a new study.

  • Sharjah to launch $41m development projects


    Sharjah government will start work on Dh150 million ($41 million) worth of infrastructure projects this year with special focus on sustainable urban development, said a report.

  • Azizi launches new luxury residential project in Dubai


    UAE-based Azizi Developments has launched its Dh350-million ($95.2 million) Royal Bay Residence, an exclusive collection of 90 fully-serviced luxurious residential apartments situated on the crescent of Palm Jumeirah in Dubai.

  • Oman working on $5.43bn road projects


    Oman's government is presently working on 49 road projects worth RO2.1 billion ($5.43 billion), in addition to roundabouts, flyovers and tunnels, said a report, citing official data.

  • Dewa to install LED bulbs at Rashid Establishment homes


    Dubai Electricity and Water Authority (Dewa) has announced plans to install about 160,000 LED light bulbs and solar panels at 2,000 homes within the Mohammed Bin Rashid Housing Establishment projects to help cut energy costs.

  • UAE investors on Turkish property buying spree


    With the relaxation of foreign investment laws in Turkey, there has been a surge in real estate transactions involving GCC nationals, mainly Emiratis who have invested in 300,000 sq m of space in the last two years, said industry experts.

  • Atkins, Faithful+Gould aims at building women in construction


    Atkins and Faithful+Gould focused on leading the way for promoting and elevating the profile of women in the construction industry with their fifth series of Women’s Business Network (WBN) events.

  • Sandan launches industrial park in Oman


    Sandan Development has officially launched its industrial park project in Oman at an event held under the patronage of Ali Al Sunaidy, Minister of Commerce and Industry, a report said.

  • Saudi elevator market seen growing at 1.9pc


    Slumping oil prices, weakening economy and expected cut in investments will affect Saudi Arabia’s elevator and escalator market which is expected to grow at a compounded annual growth rate of 1.9 per cent during 2016-22, a report said.

  • Seef Properties registers $25m net profit


    Seef Properties has reported a net profit of BD9.84 million ($25.9 million) for last year.

  • Nass achieves 20pc increase in turnover


    Nass Corporation achieved a 20 per cent increase in gross turnover last year at BD99.284 million ($261.4 million) when compared with BD83.026 million for 2014.

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80pc of Riyadh housing projects completed

Saudi government said more than 80 per cent of its housing projects being developed on a 5-million-sq-m area west of the King Khalid International Airport (KKIA) in capital Riyadh have been completed....



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