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
UAE. Dubai developper announces a net profit increase of 54% compared to the same period in 2013 on strong revenue from property development together with improving performance in Nakheel's retail, leasing and leisure businesses.
UAE. Mr. Biele joins DPG's dedicated development company with nearly 30 years of real estate experience in the Middle East and the US; He will oversee all aspects of the company with particular focus on the company's strategy and business development.
UAE. Over 50 contracts, worth a total of more than US$5.4 billion for newly announced or recovered residential projects and a further US$3.8 billion for mixed-use projects, all with strong residential elements.
UAE. Dubai is still clearing up the mess from a near default almost five years ago that sent shockwaves through global markets, and the worst stock-market selloff since 2008 is unlikely to derail the process.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.