du Arena renamed to Etihad Park

Middle East’s largest outdoor venue becomes part of Etihad Airway’s portfolio of entertainment hubs. Flash Entertainment, the UAE-based entertainment company, has renamed...

KSA to allow Tadawul-listed firms to buy Makkah and Madinah real estate

Move comes with the stipulation that such real estate be invested within five years from its acquirement. Saudi Arabia’s Council of Ministers...

Abu Dhabi real estate transactions hit $3.1bn in Q1 2021

Recorded value includes approximately 3,847 lands, buildings and unit deals. The Department of Municipalities and Transport – Abu Dhabi has said that...

Crown Prince sets target for Kingdom to build one million residential units in five years

PIF-backed real estate developer Roshn will be responsible for delivering the units. An ambitious target to build one million affordable residential units...

RCU confirms $15bn masterplan opportunities for PPPs

Journey Through Time Masterplan presents a $15bn roadmap for the development of AlUla. The Royal Commission for AlUla (RCU) has confirmed that...

Market uptick as Dubai records sales transactions worth $2.97bn in March 2021

Figures represent a growth of 23% in terms of transaction numbers and a 47% increase in value compared to February 2021. In...

KEC signs agreement to be development manager for Madinah Gate project

Appointment follows the 2019 appointment of Riyadh Capital as manager of the real estate investment fund that will undertake development of phase...

SEWA reduces completion rate required to submit approval files for electricity for new buildings

SEWA reduces completion rate required to submit approval files for electricity for new buildings. The Sharjah Electricity and Water Authority (SEWA) has...

Middle East and Africa solar technology tenders rise by 121% in Q1 2021

104 tenders announced in Q1 2021, compared to the last four-quarter average of 47. Middle East and Africa solar technology tenders in...

Samsung Engineering signs $650m deal to build petrochemical plant in Jubail Industrial City II

Contract awarded by Advanced Global Investment Company will see plant completed in 2024. Samsung Engineering Company, a leading engineering, procurement, construction and...

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