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Real estate accounted for 12.2% of non-oil GDP in 9M 2023. PLUS: Debt, technology, hospitality, and construction news
Real estate funds also currently have SAR 170 bn of assets under management
Advertising and sports this morning…
PLUS: Keir g ets contract to build staff housing in Neom
Neom taps Webuild for Trojena lakes project
The contract is estimated at SAR 20 bn
Dig deeper…
The port of Neom situated on the Red Sea through which 13% of global trade passes
News from Neom, Sabic, Alkhorayef Water, Acwa Power and more. PLUS: HRSD makes fines for labor law violations “proportionate” to size of business
Alkhorayef Water lands SAR 2.2 bn wastewater contract
Direct flights to Poland + Jeddah’s new routes. PLUS: Coffee, Neom, fertilizers, Jazan, JeelPay
New, grown-in-Jazan coffee to make European debut
KSA will lead the global green hydrogen industry, energy minister says, as Neom plant hits key milestone
Close watchers of the budding (green) hydrogen economy will find plenty of interest in yesterday’s Saudi Green Initiative, the Kingdom’s…
NEOM takes stake in (regionally ubiquitous) Technogym + PIF buys into another luxury hotel chain
Technogym’s shares saw a c.6.9% markup as a result of the transaction, closing at EUR 9.20 from EUR 7.99 on…
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