SAUDI ARABIA. The chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who has been the driving force behind the decision to build the world's tallest tower in Saudi Arabia, announced that the construction contract has been signed today.
Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.
Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City, Jeddah Economic Company's (JEC) new urban development of more than 5.3 million square meters of land in the
EGYPT. Latest JLL report discusses the potential effects of the IMF US$12bn credit facility; "We have witnessed strong demand this quarter in residential sales, especially resale units as local investors turn to real estate to mitigate currency risk."
INTERNATIONAL. Technology with real meaning and value for the user will rise to the top of the pile of all things digital. Likewise, the places and spaces we inhabit must be aligned not only with our technology needs now, but also going forward.
UAE. Phidar Advisory releases its Dubai residential research note for the end of Q3 2016. The report shows that residential prices continued to drop in the third quarter of the year and projects further declines.
LEBANON. Byblos Bank/AUB Consumer Confidence Index averaged 36.4 in Q3, nearly unchanged from 36.1 in Q2; The prevailing status-quo on the political and economic fronts in the country has caused the level of consumer confidence to remain at low levels.
INTERNATIONAL. Jost Thöne, Stradivari expert and co-owner of VIOLIN ASSETS, offers input on this subject. The company makes high-quality historical and modern string instruments accessible as investments.