Deal inked to increase investment into infrastructure projects in Africa

A new agreement has been formalised between the European Commission and the African Development Bank. The deal will see increased investment flow...

Sustainability

Saudi Arabia to invest US $92bn into transforming Riyadh ahead of Expo 2030

Saudi officials have announced plans to spend US $92bn to transform Riyadh ahead of Expo 2030. The investment aims to make Riyadh...

Property

GCC residential value to hit $3.43tn says Select Property

Developer Select Property has said that the value of GCC real estate is likely to reach US $4.43tn this year, and show...

Financial

Middle East markets offer strong cost-to-build value

Leading Middle East markets continue to experience high growth in construction activity, as the region invests in nation-building agendas that support economic...

Property

Indians invested US $4.32bn in property in Dubai in 2022 says ZāZEN Properties

According to Dubai Land Department (DLD) data credits, Indians last year invested $4.32bn into Dubai’s real estate sector, accounting for the second-highest investment...

Financial

Chinese corporates commit to $266mn investment in Modon

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted foreign direct investments worth US $266mn from Chinese companies based...

Financial

Dubai retains number one position for attracting FDI

Dubai retained its No. 1 spot globally for attracting greenfield FDI projects in 2022, further reinforcing its position as the world’s top...

Property

Abdullah Al Othaim Investment Company reveals a $1.8bn ‘treasure’ in Riyadh

Saudi-based Abdullah Al Othaim Investment Company has unveiled its Konoz (Box of Treasures) project - a US $1.86bn development in Riyadh, which...

Financial

PIF invests $1.3bn in Saudi construction firms

Saudi sovereign wealth fund PIF (Public Investment Fund) has announced investments worth US $1.3bn in four leading local construction companies, via subscribing...