Saudi Aramco Base Oil Company (Luberef) has announced that it had extended its utilities sales and land lease agreement with its majority stakeholder and global oil giant Aramco through 2030, supporting the continued operation of its key facility in Jeddah as well as Group I base oil production.
Dubai Aerospace Enterprise (DAE), the global aviation services company, has signed a purchase agreement with Saudia, the kingdom's national flag carrier, for four new Boeing 777F planes and also entered into long-term leases for these aircraft, delivering between this October and May next year.
Saudi-listed ASG Plastic Factory Company has announced that construction of its fourth expansion project at Sudair Industrial and Business City is expected to begin by the end of the third quarter, with commercial production targeted for the first quarter of 2028.
Saudi Arabia's Red Sea International Company said it has completed regulatory approvals and taken possession of a 63,088-sq-m prime plot of land in Madinah, thus marking the start of its contractual obligations under a 50-year lease agreement with the municipality.
Saudi-based Alandalus Property Company said one of its key subsidiaries, Alandalus litashid Almabany Aldirasia Company, has acquired a prime plot of land within the Al Naseem District in Riyadh city designated for the development of an educational complex.
Saudi Arabia’s Sumou Real Estate has signed a 35-year-long lease agreement with Saudi Airlines Real Estate Development Company (SARED) for a 78,374 sq m land plot in Jeddah. As per the deal, Sumou will develop an integrated mixed-use project on the land, located in the southwestern corner of a master-planned area.
Cenomi Centres, a leading developer of contemporary lifestyle destinations in Saudi Arabia, said it has signed an agreement with Saudi Downtown Company, a unit of the kingdom's sovereign wealth fund PIF, for the leasing and operation of its new flagship destination in the city of Al Khobar.
The Saudi Ports Authority (Mawani) has announced that it has signed a lease agreement with Sultan Logistics, a leading player in the kingdom's freight sector, for the development of a 200,000-sq-m logistics park at Jeddah Islamic Port for a total investment of SAR250 million ($66.5 million).
Saudi Real Estate Company (Al Akaria) has signed a 20-year lease agreement with Amsa Hospitality for the Amsa Vue Residential Compound in Riyadh, with the total value of the project estimated at around SR1.2 billion ($320 million), an Arab News report said.
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has entered into a lease agreement with Apple to open an iconic retail store at its premier retail district - Diriyah Square - within the City of Earth.
