The Habtoor Leighton Group (HLG), part of Australian firm Leighton, will work on the $1.3 bn Habtoor Palace project.
Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The company’s net profit in Q4 2011 increased by 161 per cent year-on-year.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Tameer Princess Tower is the highest residential building on earth at 414 metres.
Qatar Nationals Hotels Company took over properties in Paris and Singapore.
Amid the Dubai real estate meltdown, UAE contractor Drake & Scull International is chasing growth in Saudi Arabia and Asia.
Brick by brick, Dubai hopes to lift itself out of the three-year property slump.
Kuwait’s housing slump will need more than a billion dollar government injection and structural issues must also be addressed.
With only around 10 per cent of Saudi’s currently owning their home, the new mortgage laws could be set to boost real estate firms, banks and society overall.
Gulf real estate players are pumping money into Lebanon and playing an ever-larger hand in the nation’s landscape.
Gulf Business Investigates how the global crisis affected Oman Cyprus, two very different landscapes with similarly challenging property cycles.
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