Real estate investments to cross SR82bn
RIYADH: On behalf of Prince Mohammed bin Salman bin Abdulaziz, Prince Naif bin Salman inaugurated the Riyadh International Urban Development and Real Estate Investment Event on Sunday.
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Saudi Arabia to be among world's top 10 real estate markets
JEDDAH: Saudi Arabia is forecast to become one of the best performing real estate markets in the world in 2012, according to the Middle East's largest private developer DAMAC Properties.
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Saudi Arabia to be Among World's Top Ten Real Estate Markets in 2012
Dubai, 11 December 2011: Saudi Arabia is forecast to become one of the best performing real estate markets in the world in 2012, according to the Middle East's largest private developer DAMAC Properties. Read More
Opportunities abound in Saudi Arabia’s unique and fast growing retail market
KSA, 10 December 2011 - Jones Lang LaSalle, the world's leading real estate investment and advisory firm, has today published a special report titled “Saudi Arabian Retail Landscape – Undoubted Opportunities: Unique Challenges”.
Focusing on the Kingdom’s retail real estate market, the report outlines that whilst Saudi Arabia is subject to many of the same issues impacting the retail sector at the global and regional levels, the local market is characterised by a number of unique challenges. Read More
Greenhouse Gas Emissions Reporting is Streamlined
(Atlanta, Georgia, USA, October 1, 2011) As greenhouse gas emissions tracking increases and sustainability goals are set, many companies are looking for an easier way to track all of their environmental data. Manually collecting all the data, performing the calculations and transferring the information to easily understood charts is a time-consuming task. The WorkingBuildings Companies recently developed software to streamline the greenhouse gas emissions tracking process, cutting down on the manpower and time spent.
The WorkingBuildings Companies is proud to announce the release of our latest module of the CxAlloy Suites software, CxAlloy EcoScale (ES). This new software was developed over two years to specifically address the inventory and reporting needs of Federal clients complying with mandated regulations. ES has been used in the annual tracking and reporting of greenhouse gases for various major United States government agencies. Read More
Drake & Scull Water and Power wins AED 290 million contract in Saudi Arabia
Drake & Scull Water and Power (DSWP), a subsidiary of Drake & Scull International (DSI) PJSC, has been awarded a AED 290 million EPCO (Engineering, Procurement, Construction and Operation) contract for a District Cooling Plant in Riyadh, Saudi Arabia.
“This latest contract win is a step forward for Drake & Scull International in further establishing our presence within Saudi Arabia’s growing water and power industry,” said Khaldoun Tabari, CEO of DSI.
Tabari continued, “With a proven track record in this sector, we are able to deliver quality services and projects to our clients due to the niche engineering capabilities offered by our water and power business stream.” Read More
DTZ has just released its latest report into Riyadh's office market
Martin Cooper, director, head of consulting DTZ Middle East, speaks to Cityscape Intelligence about the findings. To download the full report, click here.
1. What are the main findings of the report?
Despite the recent economic slowdown, there still remains a shortage of quality office space in Riyadh. However, DTZ considers that Riyadh’s office market is at a risk of moving into a state of oversupply in the next 2 to 3 years as a substantial volume of space is delivered through schemes such as the KAFD, Business Gate and ITCC.
All of these schemes are outside of Riyadh’s current CBD and the city’s office market is set to migrate north in the coming years. Read More
