The latest issue features a pinnacle focus on the global financial crisis and what led to the markets to tumble. As well as paying tribute to several empowered women.
Rakeen commences Beit Merri Sunset sales amidst Lebanon’s rising popularity as a leisure & lifestyle destination
25/08/2009
High-end residential development comprises ten villas and nine apartments of various types offering views of the Mediterranean Sea
August 19, 2009
Rakeen, one of the region's most dynamic property developers and master planners, has announced that it has commenced sales of its ultra high-end residential project in Beit Merri, a renowned upmarket area near Beirut. The new development marks Rakeen’s first venture into Lebanon’s booming property market, the capital of which was recently named as one of the top places to visit in 2009 in a special New York Times travel recommendation list.
Al Fara'a Properties affirms steady construction progress across its development portfolio
11/08/2009
Developer commits to delivery of signature projects according to the stipulated schedule
Natasha Gangaramani
Al Fara'a Properties, a member of the Al Fara’a Construction, Property and Industrial Group, has affirmed the steady construction progress on its projects despite the present market slump, which has resulted in massive delays in the delivery of other projects in the UAE. Amidst the on-going handover process of its 'Le Grand Chateau' project, the developer also announced that it is on track to hit its delivery targets for ‘The Manhattan’ and ‘Mulberry Mansions', which are both scheduled for the last quarter of next year. The announcement underlines the developer’s commitment to deliver its projects according to the stipulated schedule, and to safeguard the interest of its clients and investors. Further, the Al Fara’a Group has also recently launched its facilities management division, which is aimed at ensuring longevity of investment through optimisation of the maintenance pool fund and sustainability of the investments’ value by leveraging the Group’s expertise.
USD 87.8 billion in 'super projects' motivates strong local and foreign interest in Saudi's construction sector
11/08/2009
Saudi Build 2009 fuels global excitement in the Kingdom’s long-term growth potential with participation from more than 650 exhibitors from 33 countries
August 05, 2009
Saudi Arabia currently owns one of the world's most comprehensive housing development programs with an estimated USD 6 billion being allocated for various residential projects. At an initial cost of around USD 87.8 billion, the Kingdom is pursuing an ambitious "super project" that aims to build six "Economic Cities," which will be home to 2.5 million residents and are expected to collectively contribute USD 150 billion to the Saudi GDP and generate over 1.5 million jobs by 2020.
Riyadh Exhibitions Company, organiser of Saudi Build, the biggest business-to-business construction event in the region, has revealed that Saudi Arabia's remarkably strong construction expenditure has been the primary factor that has motivated more than 650 regional and international companies to confirm their participation in the event this year. Riyadh Exhibitions Company further revealed that exhibitors, who will come from at least 33 countries, collectively regard Saudi Arabia as a safe and secure investment destination amid an otherwise bleak outlook within the global construction and real estate industries.
Saudi Build 2009 will be held from October 4 to 7, 2009 at the newly completed Riyadh International Exhibition Centre, one of the region's most advanced exhibition facilities. The event has been designed to be a gateway for investors to capitalise on the country’s construction market, and will feature two concurrent exhibitions – Saudi Build 2009, the 21st International Construction Technology and Building Materials Exhibition; and Saudi Stone 2009, the 12th International Stone and Stone Technology Show.
UAE investments in Lebanon exceed USD 1 billion, represent over 41 per cent of total value of Arab projects in the country
11/08/2009
USD 800 million 'BeitMisk' residential community project joins growing list of major UAE investment initiatives in the country
August 10, 2009 Lebanon's real estate sector continues to attract major investors despite political and economic challenges, with the July 2009 edition of the Lebanon Real Estate Report pointing out that real estate sales value and construction permits achieved average growth rates of 17.6 per cent and 12.6 per cent, respectively, over the past five years. Further underscoring the country's resiliency in the wake of the global financial crisis, real estate sales transactions in Lebanon has now almost stabilised in the first five months of 2009, while construction permits have posted a 4.3 per cent yearly increase.
20th Sharjah Ramadan Festival begins on August 22
11/08/2009
August 10, 2009 The 20th edition of the annual Sharjah Ramadan Festival is set to commence on August 22, 2009 and run until October 3, 2009. The event is being organised by the Sharjah Chamber of Commerce and Industry (SCCI) in cooperation with the local government.
Natasha Gangaramani
