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
SAUDI ARABIA. The acquisition of Lake Pointe Center III and IV, in the Allison Pointe Office Park in Keystone, Indianapolis, is the latest transaction of Alkhabeer US Real Estate Income Fund (Private Placement Fund).
UAE. Dar Al-Handasah will undertake design, engineering and supervision services for the project, for which a construction tender will be released in Q1 2015. The mall is due to be completed in Q2 2017.
UAE. Located in Me'aisem, International Media Production Zone (IMPZ) in Dubai; 60 lifestyle and convenience-oriented outlets including a Carrefour Hypermarket , Magic Planet and community medical clinic; Phase 1 to open by Q3 2015.
INTERNATIONAL. What do the Americas offer expats eager to getaway, or bolster investment portfolios abroad? How is the resurgence in international mortgage financing assisting these escape artists and sophisticated investors in achieving their objectives?
UAE. Dubai's two biggest builders, Arabtec and Drake & Scull, are turning to bank borrowing to help fund projects as a rise in late payments from their customers takes the shine off a booming construction market.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.