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Saudi Emaar to obtain $1.3bn govt loanSaudi developer Emaar Economic City will receive a 5 billion riyal ($1.33 billion) loan from the Saudi finance ministry in 2010, two sources familiar with the deal said. Emaar Economic City, affiliated to UAE-based Emaar Properties, is spe More… |
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Weak demand hits projects: Saudi EmaarSaudi property developer Emaar Economic City (EEC) said on Wednesday weakening demand on housing has delayed the execution of some of its projects. The firm, which is developing the King Abdullah Economic City (KAEC) project on the Red Sea More… |
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Saudi Emaar awards $53m construction dealEmaar Properties' Saudi affiliate said on Sunday it had awarded a $53.1-million contract for the construction of four residential towers in King Abdullah Economic City (KAEC). Mubark Al Gethmi Contractor will build the concrete skeleton fo More… |
