Hassan Allam’s Grova Developments swaps local roots for a regional footprint in Riyadh with SAR 3.3 bn project
The project will feature more than 3k units across 228k sqm in Riyadh.
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The project will feature more than 3k units across 228k sqm in Riyadh.
“Hopefully this will be a turning point for a lot of people to ... remodel [this sector] to adapt with…
“What is happening in the market is a filtration, a correction,” Orascom Development’s Hazem Helal said
Although larger players may be able to adjust to the proposed changes, it threatens to squeeze out small-to-mid-sized players
The sector performed in line with the EGX benchmark in 2025
The proposal includes a 10-year tax exemption for developers launching projects in remote areas
The Ras El Hekma effect of 2024 also proved to be a blueprint, not a one-off
Unlike some others in the sector, wearing a suit and tie doesn’t stop me from climbing to the rooftops of…
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