Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.
Red Sea Global (RSG), a leading developer powered by Saudi PIF, has secured a SAR6.5 billion ($1.73 billion) funding for its ultra-luxury wellness destination, Amaala, featuring more than 1,400 hotel rooms across eight different resorts.
The growth trajectory of Saudi Arabia’s asset management industry (AMI) is expected to continue with its AUM projected to exceed $400 billion in 2026, maintaining the kingdom’s lead in the GCC region, according to Fitch Ratings.
