Real Estate

PIF Executive Takes Over Red Sea City Developer as Losses Widen

Naif AlHamdan starts the day the King Abdullah Economic City builder's quarterly loss nearly doubled. His case rests on cars, cargo and pilgrims.

Asian Warehouse Giant Bets $5 Billion on Saudi Wartime Boom

Singapore's ESR is teaming up with Al Muhaidib, the Saudi family group behind Acwa and Savola, as the war fills the kingdom's warehouses.

Cenomi Signs $28mn Westfield Jeddah Deal as Mall Ramps Up

Cityscape Global Pushed to February as Saudi Event Delays Spread

Gulf Governments Go Direct to Manufacturers to Secure Supplies

Agencies are bypassing middlemen as shipping disruption threatens construction pipelines.

Almajdiah Names New CEO to Drive Makkah, Madinah Expansion

Raed Al-Naeem takes over on November 1 as property sales rise even while profit falls.