{"id":88859,"date":"2024-08-20T00:00:00","date_gmt":"2024-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/"},"modified":"2024-08-20T00:00:00","modified_gmt":"2024-08-20T00:00:00","slug":"another-saudi-egyptian-real-estate-project-in-the-making","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/","title":{"rendered":"Another Saudi-Egyptian real estate project in the making"},"content":{"rendered":"

REAL ESTATE-<\/p>\n

#1- A Saudi-Egyptian EGP 1 bn retail project in New Cairo:<\/strong> Saudi-based Saleh<\/a>Almudayfer Son\u2019s Holding<\/a> has reached an agreement with a unit of Egypt\u2019s Home Group Developments<\/a> to launch a EGP 1 bn mall in its New Cairo area, Al Mal<\/a> reports. The mall will feature commercial, administrative, and medical facilities, and is expected to be completed within three years.<\/p>\n

REMEMBER- Egyptian firms are flocking into the Kingdom to capitalize on its <\/strong>diversification <\/strong>ambitions: <\/strong>Our friends at Hassan Allam Construction Saudi were also awarded a contract<\/a> late last month to develop Port of NEOM\u2019s Container Terminal 1 and a related marine services area among a slew of other undertakings in the Kingdom. Meanwhile, Egypt\u2019s Talaat Moustafa Group (TMG) kicked off a real estate project in Riyadh in May<\/a>, hitting SAR 3.3 bn in sales up until late last month. <\/p>\n

#2- Arab Sea Information Systems Company has <\/strong>completed the purchase<\/a><\/strong> of a SAR 59 mn<\/strong> office tower in Riyadh\u2019s Al Sahafa district<\/strong> that will become the company\u2019s new headquarters, according to its disclosure to Tadawul<\/a>.<\/p>\n

\n

AVIATION- <\/p>\n

Saudia<\/strong> slashes plane ticket prices on flights from Riyadh, Jeddah:<\/strong> Saudia is offering up to 50% markdowns on international flights operating through King Abdulaziz International Airport in Jeddah and King Khalid International Airport in Riyadh, the national carrier announced on its website<\/a>. <\/p>\n

The details:<\/strong> The offer \u2014 available for business and guest classes \u2014 will run until Saturday, 31 August, and is valid for flights scheduled between 1 September and 30 November this year. It also includes the Your Ticket Your Visa service, allowing visitors to stay in the Kingdom for up to four days to explore the country and perform Umrah.<\/p>\n

INFRASTRUCTURE- <\/p>\n

The 3.2 km Safwa-Ras Tanura Bridge is now 88% complete<\/strong>, according to state news<\/a>agency SPA<\/a>. Once complete, the project \u2014 which links Ras Tanura to Dammam, Qatif, and King Fahd International Airport \u2014 will be the Kingdom\u2019s second-largest double sea bridge. The project includes 24 water drainage canals and aims to improve regional travel and boost tourism.<\/p>\n

\n

MARITIME-<\/p>\n

Neom<\/strong> orders electric ferries to greenify water commuting: <\/strong>KSA\u2019s Neom city has ordered eight units of Swedish electric boat and ferry company Candela\u2018s P-12 shuttle<\/a>, TradeArabia<\/a> reports. This marks the largest order in Candela\u2019s history, with the first batch set to be delivered and integrated into the city\u2019s planned water network between 2025 and early 2026.<\/p>\n

About the ferries:<\/strong> Launched last year, the P-12 \u2014 the world\u2019s first electric hydrofoil<\/a> ship \u2014 will debut in Stockholm\u2019s public transport later this year, TradeArabia writes. It offers zero-emission, energy-efficient water transport with advantages over traditional ferries, including faster speeds and more frequent departures. It uses 80% less energy and emits 97.5% less CO2 than traditional diesel vessels of the same size. <\/p>\n

\n

DEBT WATCH-<\/p>\n

Al-Azizah Real Estate Investment and Development \u2014 a unit of Banan Real Estate \u2014 has<\/strong> signed a 5-year SAR 50 mn credit facility agreement with Riyad Bank<\/strong>, according to a disclosure to Tadawul<\/a>. The funds will be used to support the company\u2019s expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

Flagship carrier Saudia is offering up to 50% discounts on select international flights.<\/p>\n","protected":false},"author":1,"featured_media":88860,"comment_status":"","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":[2564],"tags":[54,93,57,10,66,106,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-debt-watch","tag-enterpriseam-ksa","tag-infrastructure","tag-real-estate","tag-retail","wpautop","entry"],"acf":{"mongo_id":"5efc865e-b6d0-4147-8294-fcefa4352776","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1731.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Another Saudi-Egyptian private sector project in the making. Plus: Aviation, infrastructure, debt news","related_issue":[88842],"teaser":"Flagship carrier Saudia is offering up to 50% discounts on select international flights.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.4a2070ef-c436-46f0-b8a5-dc5ac837ec99.mp3"},"yoast_head":"\nAnother Saudi-Egyptian real estate project in the making - KSA<\/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\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another Saudi-Egyptian real estate project in the making\" \/>\n<meta property=\"og:description\" content=\"Flagship carrier Saudia is offering up to 50% discounts on select international flights.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Another Saudi-Egyptian real estate project in the making\",\"datePublished\":\"2024-08-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"AVIATION\",\"debt watch\",\"EnterpriseAM KSA\",\"infrastructure\",\"Real Estate\",\"Retail\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\",\"name\":\"Another Saudi-Egyptian real estate project in the making - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-20T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Another Saudi-Egyptian real estate project in the making\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Another Saudi-Egyptian real estate project in the making - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/","og_locale":"en_US","og_type":"article","og_title":"Another Saudi-Egyptian real estate project in the making","og_description":"Flagship carrier Saudia is offering up to 50% discounts on select international flights.","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/","og_site_name":"KSA","article_published_time":"2024-08-20T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Another Saudi-Egyptian real estate project in the making","datePublished":"2024-08-20T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/"},"wordCount":502,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","AVIATION","debt watch","EnterpriseAM KSA","infrastructure","Real Estate","Retail"],"articleSection":["ALSO ON OUR RADAR"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/","name":"Another Saudi-Egyptian real estate project in the making - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1","datePublished":"2024-08-20T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/20\/another-saudi-egyptian-real-estate-project-in-the-making\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Another Saudi-Egyptian real estate project in the making"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1731.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/88859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=88859"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/88859\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/88842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/88860"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=88859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=88859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=88859"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=88859"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}