Art Jameel launches global competition to design cinema for Jeddah’s Hayy Creative Hub
Saudi construction sector
Saudi construction sector
Canadian builder denies Saudi Arabia exit plan
SNC-Lavalin commits itself long-term to Saudi Arabia following media reports suggesting it may stop operations in the Gulf kingdom
Holy city
Makkah developer struggles to lure investors amid slowdown
Makkah-based Jabal Omar Development Co’s stock has lost about 40% this year as slowdown hits real estate market
Cyprus
Saudi contractor said to default on almost $2bn
Sources say the Saudi unit of Cyprus-based Joannou & Paraskevaides Group defaulted on about $1.9bn in bank loans about two months ago
Dar Al Arkan
Saudi developer eyes three new Riyadh projects
Dar Al Arkan has submitted a request for the accreditation of three major new projects in Riyadh mega development
SAGIA
$4.4bn deals signed to add thousands of new Saudi homes
Saudi Arabian General Investment Authority announces investments in the kingdom’s real estate and construction industry
cement
Saudi cement firms raise output for $500bn Neom City project
Tabuk Cement and Hail Cement, both located in Saudi Arabia’s northern region, have increased output almost every month this year