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Ajlan & Bros acquires $213m Riyadh real estate scheme for 4000 homes

RIYADH: Some 4,000 new homes are set to be built in eastern Riyadh after Saudi-based clothing manufacturer Ajlan & Bros acquired a SR800 million ($213 million) real estate scheme. The site, which sits on an area of 2 million square meters and is located on the Riyadh-Dammam road, Argaam reported citing the companyโ€™s statement. The company said the scheme will be prepared to
Saudi Arabia Ar Riya Ash Sharqiyah Logistics Program National Industrial Development Gulf Cooperation Council Region

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Retail, e-commerce lead record Saudi new foreign investment licenses

The number of licenses for new foreign investment projects in Saudi Arabia hit a record of 575 in the second quarter of this year, according to a recent report by Invest Saudi, the countryโ€™s promotion vehicle overseen by the Ministry of Investment. The number of new investment licenses awarded for such projects showed a consistent increase during each month of the second
Saudi Arabia Logistics Program Aramco Oil Pipelines Company Ministry Of Investment National Industrial Development Central Bank

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