In Jeddah, super-regional malls posted an 8.3 percent vacancy rate, while regional and community malls faced higher levels of 23.5 percent and 20.9 percent
Saudi Arabia
border regulations
Saudi Arabia arrested over 20,800 last week in residency and labour operations
Saudi Arabia announces more than 20,800 arrests in a single week as it clamps down on residency, labour and security breaches
FedEx
FedEx launches first nonstop flight from West to Saudi Arabia to boost trade and logistics hub goals
Operating six times per week, the new Boeing 777 freighter connects the Americas and Europe to Riyadh, with onward connections to Guangzhou and Shanghai
Saudi Arabia
TAQA-led consortium secures financial closure for power plants in Saudi
The greenfield combined cycle gas turbine (CCGT) power plants will deliver approximately 3.6GW of power generation capacity
Retail
Saudi Arabia to add 600,000 sqm of lifestyle retail space by 2027: Report
The growth reflects changing consumer habits and Saudi Arabia’s emergence as a retail destination
battery
Saudi Arabia aims to become the world’s largest producer of lithium
The mineral is a primary driver for achieving the country’s target of producing 300,000 EVs annually by 2030
football
Saudi Pro League extends international media rights agreement with IMG
Last season’s matches were aired in more than 184 countries on more than 43 global platforms across six continents
border regulations
Saudi Arabia arrested over 22,200 last week in residency and labour operations
Saudi Arabia announces more than 22,200 arrests in a single week as it clamps down on residency, labour and security breaches
border regulations
Saudi Arabia arrested over 22,000 last week in residency and labour operations
Saudi Arabia announces more than 22,000 arrests in a single week as it clamps down on residency, labour and security breaches
Emaar the Economic City
Emaar The Economic City, Al Tahaluf to develop projects in KAEC’s Al Murooj
Project will offer 340 residential lots on the stunning Red Sea coast, ranging from 600sqm to 1,000sqm, with built-up areas of 400sqm to 600sqm
Saudi Arabia
Saudi Arabia extends 30-day grace period for visit visa holders: Report
The 30-day window will begin on the 1st of Safar, 1447 AH, covering all visa categories and designations in Saudi Arabia
Real Estate
Saudi Arabia announces new property ownership law
Ownership remains prohibited in certain locations and regions, particularly in Saudi Arabia Makkah and Madinah, except under conditions
Saudi Arabia
Saudi ZATCA seize over 69,000 Captagon pills in twin airport busts: Report
ZATCA stated that the operations demonstrate its commitment to strengthening customs control at all Saudi ports
Riyadh real estate
Riyadh’s rental gold rush is just beginning
Much like New York in the 1930s or Dubai in the 1990s, Riyadh is experiencing a period of rapid, visionary growth that is reshaping its urban fabric and global standing
Saudi Arabia
Saudi Arabia announces new work permit system for expats
The new work permit system in Saudi Arabia has taken effect for incoming expat workers as of July 1
Amaala
Saudi Arabia’s Red Sea Global ‘on track’ to open AMAALA, 11 resorts fuelled by ‘surging’ investor demand
The next 6 to 12 months will see “continued evolution” of Red Sea Global’s offerings, Ahmad Darwish, Group Chief Administrative Officer said
Aramco
BlackRock reportedly talking to Aramco to sell stake in pipelines business
The American investment company had acquired 49% of the entity that holds leasing rights over Aramco pipelines for $15.5bn