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RIYADH: Saudi real estate developer Al Akaria has seen its losses widen by 539 percent in the first quarter of 2022, despite a surge in sales. Saudi Real Estate Co., as the firm is formally known, reported SR29.4 million ($7.8 million) in net loss, compared to SR4.6 million in the same period last year, according to a bourse filing. The company attributed the results to rising
HanmiGlobal wins construction project management deal in Saudi Arabia
Few countries can claim to have as ambitious plans for the future as Saudi Arabia. A number of mega-projects are set to come to fruition in the next decade, which will change not only the kingdom's landscapes but, in many cases, the day-to-day lives of residents, too. From theme parks and metro lines to the world's tallest structure, here are 15 mega-projects shaping the future of Saudi Arabia ... Journey Through Time A low-carbon tram will connect visitors from Al Ula International Airport across the five districts that make up The Journey Through Time. Courtesy RCU In April, Saudi Arab...