Al Akaria leases out its Al Reef compound, PIL Enters Saudi port sector

Amsa leases Al Reef from Al Akaria

Al Akaria will lease its Al Reef residential compound to Amsa View For Hotels Apartments under a SAR 1.2 bn, 20-year agreement, it said in a Tadawul disclosure. The compound, located in Riyadh’s Diplomatic Quarter, includes 240 residential units — comprising 176 apartments, 64 villas and townhouses, and a commercial showroom.

Singapore’s PIL lands unified license from Mawani

PIL gets Saudi unified licence: Singaporean container carrier Pacific International Lines (PIL) secured a unified maritime agency licence from the Saudi Port Authority (Mawani). The move accredits PIL as a foreign investor entitled to operate maritime agencies in the Kingdom’s ports.