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. "The company's plan (is) to continue expansion in attractive markets, mainly the Gulf region; in particular the Saudi market, and to study the expansion opportunities in other markets, taking into account the importance of the Egyptian market."
UAE. This report dissects the structure and internal dynamics of Dubai Marina, as its importance for one of the hot spots in terms growing external investors (16% of Dubai freehold transactions value).
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EGYPT. The agreement marks a significant step in the development of the 3,000 MW coal-fired power plant in Egypt; The investment cost of the first of two phases is expected to amount to approx. US$3.0 billion.
UAE. Less than 0.15% of the dividends of GCC-listed companies and 0.59% of those of the UAE's dividends invested in tech start-ups vs. 5% in the USA; UAE invests 4x more of its public companies' dividends in tech start-ups.