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أدوات الموضوع |
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انواع عرض الموضوع |
#1621
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![]() Property prices in Saudi Arabia on the rise, Riyadh leads the way While the boom in prices in the Kingdom’s capital city is the highest in five years, deals are beginning to slow The property boom in the UAE has been well documented, but in Saudi Arabia the Kingdom is witnessing similar highs, with house prices increasing New data released by global real estate consultant Knight Frank revealed that house prices in Riyadh have risen at their fastest pace in at least five years, with apartments posting a growth of 20 percent, while villas have seen an 18.6 percent increase in sales prices. Riyadh is leading the charge, with apartment prices surging by 20 percent in the last 12 months, however, says Knight Frank, this significant growth is not without its consequences. Demand is showing signs of being stymied as households find themselves needing to save for longer before being able to transition to home ownership. The resultant impact is a decline in deal numbers, which fell by 27 percent in the last 12 months”. Arabian Business May 30, 2022
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#1622
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![]() GCC real estate buyer interest in UK properties climbs as pound sinks to new low against the dollar Middle Eastern buyers have long been synonymous with purchasing luxury homes in some of the UK’s most elite postcodes, with prime central London being the sweet spot for Gulf investors There has been a noticeable surge in UK property interest from Gulf-based real estate buyers after the UK pound sank to its lowest level against the dollar since March 2020, according to global consultancy firm Knight Frank. Middle Eastern buyers have long been synonymous with purchasing luxury homes in some of the UK’s most elite postcodes, with prime central London being the sweet spot for Gulf investors. The latest news regarding the low GBP to USD rate levels continues the year-on-year sterling trend, down more than 10 percent against the dollar, which has only heightened investor interest into the UK. The partner – head of the Private Office at Knight Frank Middle East, Henry Faun, said: “The UK and specifically the central London market remains key in the portfolios of our Gulf-based clients. The weaker pound-sterling combined with the ease of travel this year has assisted our high net worth clients with their acquisition decisions.” Arabian Business June 22, 2022
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#1623
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![]() Where Dubai ranks among the world’s most expensive cities The Julius Baer report looks at the cost of living for wealthy individuals, considering prices of specific goods and services, including cars, hotel suites, jewellery, and properties Arabian Business June 22, 2022
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#1624
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![]() Saudi desalination plant to use RO tech to provide water to Makkah, Jeddah ACWA Power and SWPC will reconfigure Shuaibah 3 into a greenfield RO plant from an energy-intensive facility, reducing power needed to desalinate seawater by 70 percent Arabian Business June 21, 2022
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#1625
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![]() IHC subsidiary Al Seer Marine acquires two new oil tankers for $109 million The acquisition is part of the company’s expansion plans, with short-term targets to acquire 10 to 15 ships this year in crude and product tankers, gas tankers, and dry bulk shipping sectors Arabian Business June 21, 2022
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#1626
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![]() Saudi’s ACWA Power-led consortium bags mandate to develop 1.1GW wind project in Egypt
The project, one of the largest onshore wind farms in the world, will entail an investment of 1.5 billion Arabian Business
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#1627
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![]() Phase 1 of Saudi Arabia’s Diriyah Gate masterplan achieves Platinum LEED sustainability pre-certification
The LEED precertification shows that sustainability has been integrated into every aspect of Diriyah Gate’s planning, design, construction, and operation phases Phase 1 of the Diriyah Gate Development Authority’s (DGDA) masterplan has been awarded the Platinum-level pre-certification for the Leadership in Energy and Environmental Design (LEED) accreditation by the United States Green Building Council (USGBC). The USGBC’s LEED certification is a globally recognised symbol of sustainability achievement and leadership, providing a framework for healthy, efficient, and cost-saving green buildings. It is the world’s most widely known sustainability certification scheme. LEED certification can be achieved at different levels: the building, neighbourhood, community, and city levels. Phase 1 of the Diriyah development has targeted the certification at both the building and city levels. Arabian Business June 20, 2022 sa11man معجب بهذا.
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#1628
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![]() Saudi Arabia’s healthcare sector is ‘entering a new era of opportunities’ There is a growing appeal in medical sectors across the GCC region which have been booming due to improvements in incomes and government investment There are “substantial opportunities for investors and developers” in Saudi Arabia’s healthcare sector, according to JLL, a real estate, investment management consultancy. Highlighting the promising landscape for healthcare infrastructure and medical service delivery, JLL recently advised Dubai-based Gulf Islamic Investments (GII) on a $530 million (AED1.9 billion) deal to acquire a stake in Saudi Arabia’s largest provider of dental and dermatology care. GII bought a majority stake in Almeswak Dental Clinics from Saudi-based private equity firm Jadwa Investment Company. SUN 19 June 2022 Arabian Business
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#1629
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![]() TASI lower as investors fret growth fears: Opening bell
RIYADH: Saudi stocks started Wednesday in the red following rate hike plans coupled with concerns about a worldwide recession. The main index, TASI, shed 0.26 percent at 11,628, while the parallel market, Nomu, fell 0.35 percent at 20,802, as of 10:07 a.m. Saudi time ACWA Power Co. gained 5.23 percent to lead the gainers, followed by AlJazira REIT with a 1.10 percent gain, and Saudi Arabian Amiantit Co. with a 2.72 percent gain. As for the fallers, Saudi Industrial Export Co. led for the second day with a 5.30 percent decline, followed by Tourism Enterprise Co. with a 2.78 percent decline. Source: Arab news Wed 22 June 2022
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#1630
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![]() IMF sees Saudi economy growth unchanged at 7.6% even with inflationary risk
RIYADH: The International Monetary Fund kept its forecast for the Saudi economy growth in 2022 unchanged at 7.6 percent, according to a recent statement. The IMF said in the statement after a visit and consultation that Saudi Arabia is ‘recovering strongly’ following a pandemic-driven recession. IMF, however, highlighted there are some risks to the outlook, including inflationary pressures due to higher food prices, another potential pandemic surge, and a slowdown in global economic activity. Source: Arab news Wed 22 June 2022
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