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Cayan Group Announces New Strategic Project in Jeddah at MIPIM

Nikken Sekkei appointed architect for SAR 1.2billion project at Obhur waterfront Jeddah, 15thMarch, 2017—Cayan Group, the leading Saudi property developer in the Middle East, today announced plans for a new mega project at the Obhur waterfront in Jeddah. Attending the world’s leading property market, MIPIM in Cannes, France, Cayan Group outlined some details of the planned project, and signed the architectural contract with Nikken Sekkei, the leading architectural firm which was also presented Cayan’s Cantara project in Dubai, UAE. Cayan’s new project will sprawl across a built-up area of 140,000 sqm at a cost of SAR 1.2billion and will consist of two towers: one a 5-star hotel and the other branded residences offering high-end living. This is another foray for Cayan Group into the hospitality sector in the ......read more

IKEA Spreads Cheer on International Day of Happiness

Nearly AED 20,000 of goodies were hand-gifted to customers in Dubai and Abu Dhabi Dubai, 20th March, 2017:  Swedish home furnishing retailer, IKEA - part of Al-Futtaim – marked International Day of Happiness this morning with a series of ‘Happiness Drops’ at Dubai Festival City as well as in-store at both its Dubai and Abu Dhabi locations.  Throughout the day IKEA chose shoppers at random and surprised them with nearly AED 20,000 of gifts to brighten their day. The activity was in recognition of the globally recognised day, designed by Action for Happiness that promotes wellbeing and progress through spreading happiness and was also in line with the Dubai Government’s drive to ensure a happy society for all its citizens.   According to new research*, practical gifts make people happier, so ......read more

The first Saudi Arabian woman to become a General Manager in Hospitality - Rezidor appoints Maram Kokandi as its General Manager in Jeddah

Dubai, UAE, March 16, 2017:  The Rezidor Hotel Group, one of the most dynamic hotel companies in the world, is proud to mark a new milestone in its history by appointing its first Saudi female General Manager in the company and the hospitality industry. Miss Maram Kokandi will be the General Manager of a new Park Inn by Radisson hotel in Jeddah, Saudi Arabia, scheduled to open later this year. The appointment complements the Saudi Vision 2030 launched last year, which emphasizes the significance of Saudi women and their role in leading the development of both social and professional growth of the Kingdom. Wolfgang M. Neumann, President & CEO of The Rezidor Hotel Group said “We are very proud to be part of this historic appointment. We are committed to empowering our women in leadership at Rezidor, and this announcement ......read more

Middle East Council of Shopping Centres' Next Generation Networking Reception in Riyadh

MECSC’s Next Generation Events – connecting retail professionals across Middle East Dubai, 9th March 2017 – The Middle East Council of Shopping Centres and the International Council of Shopping Centres host the Next Generation Networking reception in Riyadh, on Wednesday March 15th at Ritz Carlton Hotel in Riyadh, Saudi Arabia. David Macadam, CEO, MECSC says “Saudi Arabia has been progressively developing its shopping malls and retail industry; including hosting Recon Jeddah Forum this May. We are excited to host the Next Gen in Riyadh on 15th March and offer a unique platform for professionals to network and develop their business.” The Middle East Council of Shopping Centres emphasizes on educating and offering a successful Networking platform to its members and therefore MECSC has progressively ......read more

Leading manufacturer Danfoss announces office opening in Saudi Arabia

Jeddah: Danfoss – a leading manufacturer of high-efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration, industrial, and water systems – has announced the launch of its first technical support office in the Kingdom of Saudi Arabia. Revealed at an event held at Sofitel Cornice Hotel in Jeddah yesterday, Danfoss senior executives from Dubai welcomed Mr. Mazen Batterjee, Vice Chairman, Jeddah Chamber of commerce, and Mr. Mutlaq Al- Tayyari, General Manager, SASO Makkah Al-Mukarramah Branch, as well as Mr. Ole Frijis-Madsen, the Ambassador of Denmark to Saudi Arabia. Serving clients in KSA for over 50 years through distributers and agents, Danfoss is now expanding its presence in the region through investing in an office that will provide technical support on the ground and ......read more

Saudi's AFIFI Industrial Group to extend its participation at Dubai WoodShow 2017

The company will unveil its specialized facility that produces various interior decoration materials for the furniture applications  Dubai, UAE, 6 March 2017:  According to a new market report published by Credence Research Furniture Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023, the furniture market has been estimated to be valued at US$ 137.5 billion by the end of 2016, and is expected to reach US$ 186.5 billion by 2023, expanding at a CAGR of 4.5% from 2016 to 2023. With the global furniture market experiencing a high, the Middle East wood furniture industry, particularly Saudi Arabia is witnessing a vibrant growth as well. The growing number of real estate development, increasing demand for residential property and the governmental initiatives to develop socio-economic ......read more

Al-Futtaim Launches Second Mixed Use Development in the UAE

New lifestyle focused mall for southern Dubai to be anchored by IKEA and ACE.  Dubai, UAE, 06 March 2017:  Al-Futtaim, one of the most progressive business houses in the Gulf region, has broken ground on the development of a 78,500 sq. metre site, which forms part of the Jebel Ali Development (JAD) mixed use master planned community.   Al-Futtaim plans to expand its retail offering through the development of the new mall, located in Jebel Ali, the southern part of Dubai along the main Abu Dhabi – Dubai Highway. The project will be a mixed use development that combines living, working and entertainment with popular retail brands.  In the first phase of its development, which also includes a strategic partnership with wasl properties, a subsidiary of wasl Asset Management Group, the new retail offer is ......read more

Lucrative Returns on Investments Attracts Saudi Investors to the International Property Show in April

Saudi Arabian investors occupy second position among the non-local real estate investors in Dubai Dubai, UAE, 2 March 2017:  A report issued by Dubai Land Department (DLD) stated that 3,294 Saudi Arabian investors made transactions worth AED 8 billion in the real estate market in Dubai in 2016. The statistics demonstrate an annual growth in the real estate investment in Dubai by GCC investors, particularly from Saudi Arabia. Saudi Arabian investors occupy the second position among the non-local real estate investors in Dubai while the Indian investors lead the first position.   “The Saudi investments in Dubai’s real estate market are governed by quantitative and qualitative investments.  The prime reason for the investments is the positive investment climate offered by Dubai, along with the economic ......read more

New initiatives to support KSA's real estate sector in face of macro-economic challenges

JLL’s 2016 review of the market highlights the major economic factors affecting the office, residential, retail and hotel sectors in the Kingdom’s three largest real estate markets of Riyadh, Jeddah and the DMA  Riyadh/Jeddah, KSA, January 12, 2017:  2016 saw the release of the Saudi Vision 2030 and National Transformation Program (NTP), both major initiatives in response to the 2015 challenges of declining oil prices and resulting need to cut government spending.  In JLL’s ‘2016 Year in Review’ report of Saudi Arabia’s highlights the impact of the ‘new age of austerity’ and other macroeconomic challenges of weakened spending power, new tax law establishments and the introduction of new real estate investment traded funds on the real estate sector.  Despite a ......read more

The Saudi TASNEE is Platinum Sponsor of ArabPlast 2017 in Dubai

KSA’s petrochemical sector is largest non-oil sector, with investment estimated at USD 63.5–150 billion expected in 2020 alone, according to the Saudi Arabia industrial overview report published by Jeddah Chamber Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016: Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf, ArabPlast is expected to bring together key players in the plastics, petrochemicals and rubber industry with exhibitors and visitors coming from different countries around the Middle East region and the world.  “With proven track record success, ArabPlast has ......read more

New aswaaq Mart Open in Hatta

Supporting new directive from His Highness Sheikh Mohammad Bin Rashid Al Maktoum which aims to enhance Hatta’s economic and social capabilities Developing a 60,000sqft community mall, which will be ready 2018. Dubai, UAE, December 18, 2016:   aswaaq has announced the launch of a new aswaaq Mart in Hatta. The store is part of the new ‘Marts’ concept from the leading UAE supermarket and community malls chain. Serving the needs of the local neighborhood, the mart will provide a range of high quality produce and fresh daily essentials, including groceries, fresh fruit and vegetables, and fresh meat. With its welcoming ambiance and world-class service at the heart of the community, the new store aims to give Hatta residents more choice than ever before. This latest addition to the aswaaq Mart portfolio ......read more

Unlimited demand for growth of Makkah's hotel sector – says JLL in first report on the city's real estate market

‘Makkah, A City within a City’ report follows collaboration with Makkah Chamber of Commerce & Industry to support  greater real estate market transparency in Saudi Arabia  KSA, Makkah, 06, December 2016:  JLL, the world's leading real estate investment and advisory firm, today released its first report on ‘Makkah, A City within a City’ which assesses the real estate market in Saudi Arabia’s most globally notable city given its status as Islam’s most holy city.  With the world’s 1.8 billion Muslims required to perform the Hajj pilgrimage in Makkah at least once in their lifetime the report addresses the trends and opportunities this presents across the city’s hotel, office, residential and retail sectors.  Earlier this year JLL signed a Memorandum of ......read more

Centrepoint Extends Its Offering With the Launch of Eyeworks

Dubai, 5th December, 2016:  Centrepoint, the region’s largest fashion retailer, is renowned for the breadth of its fashion and cosmetics product range. The popular retailer caters to the mid-market segment across the Middle East and houses homegrown concepts, Babyshop, Splash, Shoe Mart and Lifestyle, under its umbrella. Centrepoint has now announced the introduction of a sunglass concept, titled Eyeworks within its overall offering. Eyeworks was originally established in 1997 to supply house brand sunglasses, namely Occhiali and Brand X, to the Landmark concepts of Splash and Shoemart. The introduction of world class brands such as Ray-Ban and Prada, earlier this year, have enabled Eyeworks to see a rise in customer numbers and revenue, making the concept an attractive addition to Centrepoint. The retailer has since ......read more

SOUQ.com Announces the Best Deals for WHITE FRIDAY 2016

The Biggest Online Sale in the Middle East begins tomorrow: 23rd to 26th November Dubai, UAE, November 22, 2016:   The most awaited White Friday 2016, the biggest online sale in the Middle East by SOUQ.com starts tomorrow across the GCC and Egypt. SOUQ.com, the largest online and marketplace retailer in the region is offering incredible White Friday deals that will go live from the            23rd – 26th November on SOUQ.com  as well as its mobile app.   THE ULTIMATE DEALS Women Dresses Up to 70% Off Athletic Shoes men Up to 70% Off Bags Women Up to 70% Off Watches Up to 70% Off Eyewear Up to 70% Off Perfumes  Up to 80% off  Sports & Fitness Up to 70% ......read more

Marka Announces Q3 2016 Financial Results

Strong performance resulting in positive EBITDA of AED 4.2 million Marka operates a total of 53 outlets across all divisions Dubai, United Arab Emirates – 16 November 2016:  Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the third quarter of 2016. For the three months ending 30 September 2016, the company reported total revenue of AED 65.9 million, and a positive EBITDA of AED 4.2 million. The results for this quarter reflect the company’s sale in Q3 2016 of a stake in Cheeky Monkeys Playland & Sweet Surprises.  Khaled Almheiri Vice-Chairman and Managing Director of Marka, said, “Marka continues with its momentum in building a portfolio of exciting and profitable hospitality, fashion/beauty and sports brands in ......read more

Middle East braces itself for the biggest White Friday 2016 on SOUQ.com

As the region’s avid online shoppers get set for another record-breaking 4-day shopping festival, SOUQ.com ensures a seamless and exciting shopping experience for customers 25K exclusive new deals to be launched on the website and mobile app SOUQ.com gears up for 20 million visits during White Friday   With the introduction of new Fashion, FMCG and lifestyle categories, 50% of units sold expected to be non-electronics  More than 100K mobiles, 100K health & beauty products and 50K apparel items on sale this year 16th November, 2016, Dubai, U.A.E:  SOUQ.com, the largest retail and online marketplace platform in the region has announced the annual “White Friday” sale event from Wednesday 23 to Saturday 26 November across the GCC and Egypt. Following the unprecedented sale of 600,000 ......read more

Saudi property investors targeted by world-class residential golf community developer in Dubai

Top executives from the UAE Government owned developer visited the Kingdom as part of sales drive to boost Saudi investment  Jumeirah Golf Estates seeks to engage with Saudi lenders and real estate agencies to showcase lucrative investment opportunities on offer to local buyers Jeddah, KSA, 6 November 2016:  Jumeirah Golf Estates – one of the Middle East’s most prestigious residential golf communities in the heart of new Dubai – has underlined the strategic importance it places in building its appeal to Saudi investors, during a visit from its senior executives to the Kingdom this week.  The UAE Government owned Dubai real estate developer, which counts 1700 luxury constructed and under construction homes as part of its portfolio, is placing an increased focus on leveraging Saudi investor ......read more

Crystal Lagoons to debut in multi-billion dollar Saudi real estate developments

Patented man-made crystal clear lagoons prove to be a key driver for successful real estate developments adding value to its tourism proposition Cutting edge technology uses up to 30 times less water than a golf course and half of the water required to irrigate a park   Innovative additive reduces evaporation rates by up to 70% Dubai, UAE, October 31, 2016:  Crystal Lagoons, the multinational water innovation company and developer of the world’s top amenity, will be exhibiting for the first time at Cityscape Jeddah from 2-4 November, showcasing its patented technology that makes giant crystal clear lagoons a reality, while underscoring its portfolio of developments in Saudi Arabia and the wider Middle East. “Many developers throughout the region are looking for a point of difference and features such ......read more

More and more JBR visitors are connecting via WiFi UAE

3,296 visitors to the beachfront promenade browsing the Internet and connecting on social media with WiFi UAE in the month of August Dubai, UAE, October 18, 2016:   WiFi UAE now offers visitors to JBR access to seamless connectivity to the Internet through the choice of either free or premium WiFi. Expanding its footprint to enhance happiness through connectivity, WiFi UAE has seen 3,296 shoppers, diners and beachgoers taking advantage of the rollout to connect to the Internet in the area throughout the month of August, a 28% increase on those that connected during the month of July (2,569).    Sharing has never been easier as visitors can log onto WiFi UAE using a WiFi enabled device and a UAE mobile telephone number and choose between the free or the premium option – for high speed Internet to browse and ......read more

Business Bay landscape to be redefined with opening of Marasi Business Bay Promenade

AED1 billion project paves the way for Business Bay transformation, unveiling an entire new waterfront destination with the launch of Marasi Business Bay Promenade   Dubai, UAE, October 16, 2016:    Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay Promenade is schedule to be opened in November 2016, coinciding with the opening of the Dubai Water Canal being built by the Roads & Transport Authority (RTA). More than 10 km of the 12-kilomentre promenade and surrounding infrastructure, including paving of open areas has been completed to date. Once launched, the Marasi Business Bay Promenade will be a journey of discovery with unlimited options for entertainment, leisure, ......read more

ARTAR to showcase the shape of things to come in Gulf Property at Cityscape Jeddah

Prominent Saudi developer says luxury residential tower in Downtown Dubai points the way ahead to satisfy demands of investors, end users Jeddah, Saudi Arabia, 16 October 2016:  One of Saudi Arabia’s most prominent real estate development companies says the new UAE venture it will be showcasing at Cityscape Jeddah next month is the shape of things to come for property investors in the Gulf region. ARTAR Real Estate Development maintains that the current economic challenges will force developers to do more to ease the financial burden on investors and end users when it comes to buying homes. Sulaiman Abdulrahman Al Rashid, ARTAR’s Chief Executive, believes there will be a growing focus on delivering properties offering greater liveability, as well as payment plans which delay most of the financial output until ......read more

Mövenpick Hotels & Resorts Partners with Real Estate Developer Nusasiri Plc to Launch Three Projects in Thailand

Dubai, UAE, October 16, 2016:  The Swiss hotel management company, Mövenpick Hotels & Resorts, has signed an agreement with leading real estate developer Nusasiri Plc to manage three properties in Thailand. The three properties will be Mövenpick Residences Ekkamai, Bangkok and Mövenpick Resort Khao Yai, both scheduled to open in Q4 2016, and Mövenpick Resort Mai Khao Phuket which will open in Q4 2017. The announcement raises Mövenpick Hotels & Resorts’ total number of hotels and residences in Thailand to seven as the country’s thriving tourism sector continues to drive the global management firm’s portfolio in Asia. “We are thrilled today to sign an agreement with such a distinguished developer and to increase our properties under Mövenpick management in ......read more

GE ushers in next era of advanced manufacturing in Saudi Arabia

GEMTEC in Dammam now the region’s first ‘Brilliant Factory’ Expands GEMTEC facility to 26,000 sq m to manufacture ‘Made in Saudi’ HA and F gas turbines Creates 150 new high quality jobs for Saudi nationals  Delivers GEMTEC’s first 7F turbine to SEC’s Waad Al Shamal combined-cycle power plant Dammam, Saudi Arabia, October 16, 2016:  GE today marked a significant milestone in its eight-decade-long presence in Saudi Arabia by officially opening Phase II of GE’s Manufacturing & Technology Center (GEMTEC) and announcing expanded capabilities including the ability to manufacture HA and F-class turbines at the facility. GE’s HA turbines are the world's largest and most efficient, leading the industry in output.   The opening today coincides with the ......read more

Dubai Properties' Casa Dora at Serena records phenomenal response amidst flourishing affordable housing segment

Attractive pricing plans for mid-income housing projects lead to high demand for Casa Dora at Serena in DUBAILAND  Dubai, UAE, September 8, 2016:    Highlighting the increasing demand for affordable housing targeting the mid-income segment, Dubai Properties (DP), a leading real estate master developer and asset manager in the Emirate, announced that the release of the Portuguese-inspired Casa Dora at Serena, which is part of a new and smartly designed affordable residential Townhouses concept in DUBAILAND, received phenomenal response from investors on launch event held on- 3rd September. The first phase, Bella Casa at Serena, was sold out earlier this year.  DP released the next phase of Serena to the public at exceptionally competitive prices, with payment plans incorporating flexible and easy installments, ......read more

Dubai Properties' Virtual Reality tour of master-planned destinations becomes a firm favourite for visitors at Cityscape Global 2016

DP integrates innovative viewing technologies at Middle East real estate exhibition  Dubai, United Arab Emirates, 7th September 2016: Virtual Reality tour of master-planned destinations by Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager known for world-class destinations across the Emirate, is proving a firm favourite for visitors at Cityscape Global 2016.  DP is using Virtual Reality for the first time at Cityscape Global 2016 to provide customers with interactive digital experiences that showcase the dynamism of its destinations. Employing creative methods to provide seamless customer experience and add value to the understanding of its developments is a top priority for the master developer as it integrates new innovative viewing technology at it’s stand at the real ......read more

Other Top Stories from Real Estate and Retail
 
Air Purifiers Market: Brand Value & Purification Capacity Key Factors for Consumers in GCC…

Although considered as a luxury, demand for air purifiers is steadily growing in the Gulf Cooperation Council (GCC) and is estimated to reach US$ 85.2 Mn by 2020. According to majority of air purifier manufacturers and distributors/retailers around the world, the HEPA technology will expand at an annual growth rate of 5%-10% between 2015 and 2020. The brand value and purification capacity is ......read more

First phase of Dubai Properties' Marasi Business Bay on schedule to be delivered in Q4 2017…

With water-homes under construction, Marasi Business Bay is set to provide a unique living proposition for Dubai Dubai, UAE, September 5, 2016:    Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule ......read more

Launch of Casa Dora at Serena in DUBAILAND to enhance market dynamics for affordable housing in ...…

Following success of the first release of townhouses in Bella Casa at Serena, real estate master developer Dubai Properties announces pre-sale online registration for launch of additional units soon Dubai, United Arab Emirates, 28 August 2016 – Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager has announced townhouses in the ......read more

Jumeirah Beach Residence and GreenParking partner to Optimise Visitor Parking Experience…

Reorganisation of parking management at JBR is set to ease and enhance residents and visitors’ experience Dubai, UAE, August 10, 2016:  Jumeirah Beach Residence, a Dubai Properties (DP) retail destination, has partnered with GreenParking, the only one-stop-shop for environmentally friendly car park management in the Middle East, to enhance parking facilities at the Jumeirah Beach ......read more

Dubai Properties extends flexible purchaser plan during the summer months…

Hike in sales transactions following increased buyer interest prompts to extension of flexible, post-handover payment plans  Dubai, UAE, July 31, 2016:  Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced an extension to its flexible payment plan for purchasers of property in its Serena and Arabella 2 developments located in ......read more

Riyadh and Jeddah's Real Estate Market performance is set to improve as a result of Saudi Vision ...…

According to JLL’s Q2-2016 Riyadh and Jeddah Real Estate Overviews  Kingdom of Saudi Arabia, July 27, 2016:  JLL, the world's leading real estate investment and advisory firm, today has released its Q2 2016 Riyadh and Jeddah Real Estate Overview reports assessing the latest trends in the office, residential, retail and hotel sectors. With Saudi Vision 2030 pivotal to the ......read more

Dubai Properties Launches Bellevue Tower 2…

Strong investor interest after launch of Bellevue Towers in June Dubai, UAE, July 26, 2016:  In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high ......read more

JLL Signs MoU with Makkah Chamber of Commerce & Industry to support greater real estate market ...…

Makkah, KSA, July 14, 2016:  JLL, the world's leading real estate investment and advisory firm, signed a Memorandum of Understanding (MoU) with the Makkah Chamber of Commerce & Industry that will help improve transparency in the Saudi real estate market. As an independent consultant, JLL will collaborate with key stakeholders to collect, consolidate and share accurate data ......read more

The JBR Dome offers Dubai a chance to enjoy the UEFA's Euro 2016 football fever like never before…

Europe’s leading football competition to be broadcast live from a dome shaped tent that will be available for individual, group, and corporate bookings at JBR Dubai, UAE, July 4, 2016:   The JBR Dome, located in Jumeirah Beach Residence (JBR), a destination developed and managed by Dubai Properties, is a football-themed structure at the Rimal sector, and is scheduled to open ......read more

Research Facilities Construction in Saudi Arabia…

This report is the result of extensive market research covering the research facilities construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the research facilities construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Research Facilities ......read more

Riyadh Metro Completes Tunneling Excavation Works For Green Line…

Saudi Arabia, June 9, 2016:  ArRiyadh Development Authority (ADA) have today completed the end of Tunnel Excavation works for Line 5 (Green Line).  Line 5 (Green Line) is one of the three lines being constructed by FAST  Consortium - One of  three international Consortia commissioned to build the Riyadh Metro Projects’ six lines.  The announcement took ......read more

Conrad Hotels & Resorts Opens the Doors to Conrad Makkah in the Heart of the Holy City…

MAKKAH and MCLEAN, Va.– 7 June, 2016– Conrad Hotels & Resorts today celebrates the opening of its first hotel in the Kingdom of Saudi Arabia – the 438-room Conrad Makkah. Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, and the Holy Kaabah, the hotel is designed for today’s smart luxury traveller, combining intuitive service with ......read more

Oil & Gas Infrastructure Construction in Saudi Arabia to 2019…

This report is the result of extensive market research covering the oil and gas infrastructure construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the oil and gas infrastructure construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). “Oil ......read more

Intercoil International opens world class manufacturing facility in Saudi Arabia as hospitality ...…

Dubai, UAE, May 19, 2016:  Leading manufacturer, retailer and distributor of premium beds, bedding and bedroom furniture, Intercoil International, has opened a new manufacturing facility in Dammam to cater to Saudi Arabia’s rapidly growing hospitality sector. Boasting state of the art technology, the 4,400 m² factory will manufacture premium mattresses and a wide range of ......read more

Honeywell and Bayer Pearl provide new insulation technology to support Saudi Arabia's Montreal ...…

Spray foam insulation key to more energy efficient buildings in Saudi Arabia Riyadh, Saudi Arabia, May 18, 2016:  Honeywell (NYSE: HON) and Bayer Pearl have unveiled new spray foam insulation technology solutions that can improve energy efficiency in residential and commercial buildings in the Kingdom of Saudi Arabia.  With 1.5 million new homes needed to keep up with local ......read more

Red Sea Mall Launches "Smart Parking" with 60 Million Riyals. Inaugurating for a New Era ...…

Alawi: The New Parking Lot is to expand the Mall's capacity to 22 Million Visitors Annually    Jeddah, May 7, 2016:   The new smart parking lot at the Red Sea Mall was launched by the Sheikh Salih bin Mahfouz's attendance. The parking lot has been developed with a high budget that reached up to 60 million Riyals, completing the first phase of Red Sea Mall's vast ......read more

Danube strengthens affordable housing segment with AED300 million Glamz Residence…

Danube’s 6th project to re- energizes 'stop renting, start owning' push ‘Convert part of the living room to a bedroom’ concept is back on popular demand- innovative furniture converts a spacious living room into a full- fledged bedroom Keeping up the tradition, the project would be delivered in record time, expected completion date is September 2018 Danube, ......read more

StayWell Debuts Park Regis Brand in Saudi Arabia with Two Outstanding Properties in Makkah…

Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) announced the signing of a management agreement to open and operate the company’s first Park Regis properties in Makkah Saudi Arabia. In Dubai were StayWell Hospitality Group CEO Simon Wan and Asas Capital Ltd CEO Riyad Alhoraibi for the official signing ceremony. Expected to open in the ......read more

Cayan Group Acquires Off-Plan Permits for Samaya…

Riyadh,11th April 2016- Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, north western Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh. Cayan Group has obtained ......read more

Despite its Focus on the Saudi Market Cayan Group Expands Into Europe…

February 2016 - Cayan Group, one of the Middle East’s leading real estate developers, is making its foray into Europe, commencing with an alliance with Spanish real estate developer, Sarena. The elite partnership will witness the two companies jointly develop a project in stylish Costa del Sol which is situated in Marbella in Spain. With this union, Cayan Group initiates its ambitious ......read more

Gulf Dynamic Services targets 25% growth in 2016; eyes hospitality projects in UAE, GCC…

Dubai, February 13, 2016: Gulf Dynamic Services [GDS] – a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC and one of the leading names in turnkey interior fit-out solutions, is targeting 25% growth in turnover in 2016 – as demand for quality fit-out solutions continues to increase with hectic construction activity in the UAE and GCC countries. The ......read more

Gift more to your loved ones this Valentine's Day with Souq.com…

*Top gifting categories for Women - Perfumes & Beauty, Watches and Designer Clothing  * Free shipping for orders worth AED 200 and above Dubai, UAE, February 9, 2016:  Valentine’s day is fast approaching and the last minute buyers only have a limited time to purchase a gift for their loved one. Souq.com are making it even easier having announced free shipping from 8th to ......read more

Bayat Plaza launched for sale exclusively by Sloanes Real Estate in Jeddah…

Dedicated real estate showroom inaugurated in Jeddah to support robust market growth in the Kingdom Mock up apartment of ‘Bayat Plaza’ also unveiled Jeddah: line with its commitment to expand presence in the Middle East region, Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has today announced the official opening of its state of the art customer ......read more

Real Estate Market in Dubai…

Dubai, UAE, January 7, 2016:  In Dubai, there are several opportunities to buy and rent property at attractive prices in certain locations.  The secondary and off-plan markets of Dubai have vendors and developers that are offering fair prices, reasonable payment plans, as well as new stock and finish levels to attract buyers.  Hussain Alladin, head of research, GCP ......read more

Red Sea Mall and Etaam Launch Food Perverseness Campaign…

More than 6,000 tons of waste dump daily in Jeddah alone.. 60% of which is excess food       Jeddah : In a leading initiative towards community service that is derived from the profound belief to endorse social responsibility, especially by top corporate, Red Sea Mall management has signed a corporation agreement with "Etaam" for food saving awareness. The ......read more

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