Al Tahaluf, a Saudi-US joint venture comprising a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has unveiled its SAR1.07 billion ($291 million) residential community project - Soleya - within the King Abdullah Economic City (KAEC).
Land Sterling, a key property management company, and Yardi, a global provider of cloud-based real estate technology, have signed an agreement to collaborate on advancing digital transformation and elevating service delivery within Saudi real estate market.
Saudi-based Efsim Facilities Management is set to proceed with its initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange. It will be listing 16.8 million shares (equal to 30% stake share capital).
Saudi-based Front End Limited Company has joined hands with US-based mobile fuel expert, Booster Fuels, to launch its revolutionary mobile fuel delivery services across the kingdom. It will start with an initial pilot phase in Dammam city.
PLP Architecture, a London-based specialist in architecture and urban design, has unveiled its landmark new development - Rikaz Towers - at Al Khobar along Saudi Arabia’s east coast, creating a destination of homes, hotel and public spaces with views across the Gulf.
Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a key contract from the National Water Company for the construction of sanitary sewer networks as well as laying of manholes in Hafar Al Batin and Al Qaismah governorates.
Riyad Capital, a leading company in Saudi real estate investment sector, has announced the launch of a new residential development fund valued at SAR 1.7 billion ($453 million), in partnership with Mountain View KSA. It is aimed at developing ONE Mountain View, a semi-gated residential community in Al Rimal District.
Saudi-based Umm Al Qura for Development and Construction Company has entered into a deal with Arabian Dyar Real Estate for the sale of a 3,061 sq m plot of land within Masar Destination in Makkah. This prime plot will be used for development of residential units.
Baker Hughes has announced that it has secured a multi-year contract along with China Petroleum Engineering & Construction for the MGS project of Saudi oil giant Aramco. The work involves deployment of asset performance management suite across four booster gas compression stations (BGCS) in the kingdom.
Saudi-based Retal Urban Development Company has announced that it has secured a SAR5.2 billion ($1.38 billion) from the National Housing Company (NHC) for the construction of 4,839 residential units in the Al Fursan suburb of Riyadh City.
