This is the second refinancing agreement between SRC and ANB The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has significantly extended its refinancing agreement with the Arab National Bank (ANB) by an additional SAR 500 million. This marks a pivotal moment in the partnership between the two entities, as it is the second refinancing agreement, demonstrating their ongoing commitment to the housing market. The agreement, signed by Majeed Fahad Alabduljabbar, CEO of SRC and Obaid Al-Rasheed, CEO of ANB, in the presence of His Excellency Majed Al-Hogail Minister of Municipal, Rural Affairs and Housing and…
Author: Vibha Mehta
Ritchie Bros.’ June 2024 auction showcases top-quality construction equipment with great deals on excavators, forklifts, rock trucks, and more! Global asset management and disposition company Ritchie Bros. is gearing up for its highly anticipated summer auction on June 4-5, 2024. This auction promises a vast and diverse selection of over 1,100 used and unused heavy equipment items, all sold to the highest bidder at unreserved prices. Bidding begins a week earlier, on May 29, which also marks the start date for personal inspections. Auction Highlights Include: The auction also features many Komatsu HD787-7 Rock Trucks and a vast array of…
The “Sports Boulevard” Foundation has announced with Ajdan Real Estate Development Company and Albilad Capital to double the value of the private real estate investment fund
The Diriyah Company announced the commencement of construction on a premium office development at Diriyah Square
Tabreed has converted its Al Maryah Island plant into a 3D mural showcasing Arabian oryx and Arabian sand gazelle Tabreed has taken a unique step by transforming its plant on Al Maryah Island into a 3D mural. This artwork, featuring Arabian oryx and Arabian sand gazelle, not only reflects the beauty of nature in the UAE but also showcases Tabreed’s innovative approach to district cooling. Tabreed’s Al Maryah Island plant supplies a roster of clients, such as Cleveland Clinic, Rosewood Abu Dhabi, Four Seasons, Galleria Mall, and Abu Dhabi Global Market, with essential district cooling services. The plant was suggested to be an ideal…
The construction progress of the soon-to-open institutions in Saadiyat Cultural District stands at 76%
The Mukaab, an icon and cornerstone of Riyadh’s New Murabba mixed-use development
DBB Contracting LLC has been awarded the contract to build a public access road from Sheikh Zayed Road to Palm Jebel Ali Nakheel, the Dubai-based world-leading master developer and member of Dubai Holding, has made a significant stride by awarding contracts for infrastructure construction at Palm Jebel Ali, a project of immense importance and potential. The contract for the construction of a public access road, a crucial component of the Palm Jebel Ali project, has been entrusted to DBB Contracting LLC, a leading civil and marine contractor in the UAE. Their expertise and track record assure us of a high-quality…
DHL’s latest contribution to strengthening Abu Dhabi’s position as a global trade hub
The Dubai-based property developer unveils its newest endeavor, One by Binghatti in Business Bay Dubai-based property brand Binghatti launches its latest project, One by Binghatti. The exclusive reveal will occur on 27th May 2024 at the Bvlgari Yacht Club in Jumeirah Beach. The project’s design concept is inspired by the harmonious integration of diverse elements, culminating in a unified façade that captivates the senses. The mega waterfront development is located in Dubai’s Business Bay district, which has seamless access to downtown, offering boundless views of the world-famous Burj Khalifa and the Dubai Water Canal. The new prokect is not just a property;…