Harmen De Jong News Today

RIYADH: QatarEnergy has signed a sale and purchase agreement with Eni to supply up to 1 million tons of liquefied natural gas annually to Italy.  In a press statement, the state-run petroleum company revealed that it will deliver LNG to the energy major for 27 years beginning in 2026.  The gas will be sourced through their joint venture, which holds...

Average warehouse rents in Riyadh have risen by 20%

Saudi Arabia has launched around $1.25 trillion worth of real estate and infrastructure projects since 2016, a new report has found.

ALBAWABA – The government has awarded hundreds of billions worth of construction contracts since 2016, when the Saudi construction boom started

April had the lowest level of mortgage origination since January 2019

April had the lowest level of mortgage origination since January 2019

The Saudi residential real estate market has experienced a 6% growth in the total value of transactions year-to-date, albeit the number of deals has slipped, with the volume of home sales this year down 24%, according to a property expert.

RIYADH: Saudi capital Riyadh recorded a 22 percent growth in annual warehouse rental rates at the end of the third quarter of 2022, as the Kingdom is witnessing a strong demand for high-quality and specialized facilities, revealed the latest data from global property consultant Knight Frank. This comes as Saudi Arabia is seeing increasing activities in the manufacturing and

With a mammoth budget of $500 billion, Neom is a key element of Saudi’s Vision 2030 plan originally launched back in 2016.

$1.1 trillion will be invested as part of the Vision 2030 project