{"id":675764,"date":"2025-11-18T00:00:00","date_gmt":"2025-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/18\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh\/"},"modified":"2025-11-18T00:00:00","modified_gmt":"2025-11-18T00:00:00","slug":"hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/18\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh\/","title":{"rendered":"Hassan Allam Holding to help develop SAR 3.3 bn project in Riyadh"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and happy hump day.<\/strong> We have news of regional developments, supply chain trends fuelled by popular beverages, and internet outages, so let\u2019s dive in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> ?<strong>Hassan Allam Holding and Tilal Real Estate will develop a SAR <\/strong><strong>3.3 bn<\/strong> <strong>integrated project in Riyadh <\/strong>under a strategic partnership inked with the National Housing Company (NHC), according to a joint <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1387.pdf\" style=\"\" rel=\"noopener\">st<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1387.pdf\" style=\"\" rel=\"noopener\">atement (pdf)<\/a>. The 228k sqm project \u2014 whose investments are set to total USD 880 mn at today\u2019s exchange rate \u2014 will be executed by Hassan Allam\u2019s development arm Grova Developments, with Tilal Real Estate serving as the main local partner. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project aligns with Saudi Arabia\u2019s Vision 2030 housing program<\/strong>, an effort by the NHC to increase home ownership, by \u201c[combining] regional expertise and national leadership to deliver a new model for modern urban living,\u201d according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis milestone reflects our confidence in Saudi Arabia's dynamic real estate sector and our commitment to long-term investment in the Kingdom. For decades, we have delivered landmark projects that connect people, infrastructure, and opportunity. Through this partnership with NHC, we are bringing that legacy to Riyadh, building communities that combine sustainable design with lasting value for residents,\u201d Hassan Allam Holding CEO Hassan Allam said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>? <\/strong><strong>It\u2019s<\/strong><strong> a relatively calm afternoon in the global press, with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86a92a05-eec1-4600-b1c9-4aaff04b4a68\/remittances-surged-30.9%2525-y-o-y-to-usd-3.6-bn-in-september\" style=\"\" rel=\"noopener\">this morning\u2019s<\/a><\/strong><strong> top <\/strong><strong>stories still making the rounds.<\/strong> US President Donald Trump\u2019s 20-point ceasefire plan for Gaza was endorsed by the UN Security Council. The proposal \u2014 which includes the deployment of an international stabilization force \u2014 was passed by a vote of 13-0, with Russia and China abstaining.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The resolution also included the establishment of a \u201cBoard of Peace\u201d chaired by <\/strong><strong>Trump<\/strong>, alongside \u201cthe most powerful and respected leaders throughout the world,\u201d the US president said. The board would govern Gaza during the transitional period, and oversee its reconstruction. The vote was met with open arms from Israeli Prime Minister Benjamin Netanyahu, but was rejected by Hamas as it \u201cimposes a mechanism to achieve the occupation\u2019s objectives.\u201d (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/nov\/18\/un-security-council-votes-to-endorse-donald-trumps-gaza-plan\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/17\/middleeast\/us-gaza-israel-un-vote-intl-latam\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c0rpkgq4wllo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/11\/17\/gaza-security-force-un-resolution-passes\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/national-security\/2025\/11\/17\/un-vote-gaza-trump-plan\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-hamas-gaza-trump-11-18-2025-b4cc39532d7f100299ff3aa23c2143f1\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> If you\u2019re having some internet troubles, you\u2019re not alone. Several prominent websites \u2014 including X, Spotify, and ChatGPT \u2014 are experiencing a global outage due to an \u201cinternal service degradation\u201d at internet infrastructure giant Cloudflare. The issue was still being investigated at the time of publication, with some services restored. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/11\/18\/business\/cloudflare-down-challenges-error.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/11\/18\/cloudflare-down-live-internet-outage-hits-x-chatgpt-and-zoo\/\" style=\"\" rel=\"noopener\">Telegraph<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/elon-musks-x-down-cloudflare-having-issues.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/cloudflare-chatgpt-santiago-b2867421.html\" style=\"\" rel=\"noopener\">Independent<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> Saudi Crown Prince and de facto ruler Mohammed bin Salman is set to meet with Trump at the White House later today for a number of security- and business-related <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d826f3a5-e88e-4ca6-9268-19e711762cd9\/remittances-surge-to-usd-3.6-bn-in-september\" style=\"\" rel=\"noopener\">discussions<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-welcome-saudi-crown-prince-with-offer-fighter-jets-business-deals-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/saudi-crown-prince-to-visit-us-for-first-time-since-khashoggi-death.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re in for another warm day in the capital tomorrow, with temperatures peaking at 27\u00b0C before cooling down to 18\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and happy hump day. We have news of regional developments, supply chain trends fuelled by popular beverages, and internet outages, so let\u2019s dive in. THE BIG STORY TODAY- ?Hassan Allam Holding and Tilal Real Estate will develop a SAR 3.3 bn integrated project in Riyadh under a strategic partnership inked with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":675765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[6681,633,83,219,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-675764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-egypt-saudi-relations","tag-enterprisepm","tag-real-estate","tag-saudi-arabia","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"0642cb6e-a70f-4791-a15f-83620087f1a7","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/11\/1399.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hassan Allam Holding to help develop SAR 3.3 bn project in Riyadh","related_issue":[675762],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.87873f26-aaab-4375-9950-c14d5c35235f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hassan Allam Holding to help develop SAR 3.3 bn project in Riyadh - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/18\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam Holding to help develop SAR 3.3 bn project in Riyadh\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy hump day. 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