Saudi Housing Sector to See $21 Billion in Investment in 2019; Home Ownership Growing 6-7 Percent Annually – Minister

Saudi Arabia's Minister of Housing Majed al-Hogail said he expects investments in the real estate financing sector to reach between 60 billion Saudi riyals and 80 billion riyals ($21.33 billion) in 2019, according to Reuters on the sidelines of a housing conference in Riyadh.

Saudi Arabia

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Opinion: Western criticism of a government app is misplaced: For now, it is the best option for progressive Saudis.

in light of the controversy about a Saudi app that supposedly “tracks women,” let’s take a collective deep breath and try to understand what is ...



Cloistered Kingdom of Saudi Arabia Aims to Ease Entry for Tourists

The effort is meant to make visiting Saudi Arabia about as easy as traveling to neighboring Arab tourist hot spots such as Dubai. ...


Tourism and Hospitality

Saudi missions overseas gear up for deluge of tourist e-visa applications

Saudi missions overseas are gearing up for a deluge of online applications for tourist visas as a new system goes into full operation. ...


Housing and Real Estate

Saudi sees up to $21bn investment in 2019 housing sector

Saudi Arabia’s housing minister said on Wednesday he expects investments in the real estate financing sector to reach between SAR60bn and SAR80bn ($21.33bn) in 2019. Real ...



Lockheed Martin’s $15 Billion Saudi Arms Deal Is a Go

It's the first step in a larger deal struck last year between the U.S. and Saudi Arabia that will eventually see the Kingdom receive 44 ...



Analysis: Why Saudi Arabia is turning to Asia

The underlying story of this trip is not about the United States and Saudi Arabia. It is about the ongoing structural shift in geopolitics, as ...


U.N. Human Rights Council

U.N. rights boss seeks freedom for Saudi women activists

U.N. human rights chief Michelle Bachelet called on Saudi Arabia on Wednesday to release women activists allegedly tortured in detention after authorities accused them of ...



Saudi Arabia’s Acwa Power closes funding for $700m Rabigh-3 IWP

A consortium led by Saudi Arabia’s Acwa Power and comprising Saudi Brothers Commercial Co (SBCC) has signed senior financing and hedging agreements for the $700m ...



Perspective: The Dream of a City

Prince Mohammad generated a great deal of hype when he announced Neom in October 2017, but in order to make Neom a reality, Saudi Arabia ...


Aerial Saudi

Swooping over Saudi! Stunning drone photos reveal remote Arabic villages and ancient structures

French photographer Eric Lafforgue ventured to the country last December and hired a knowledgeable local guide so that he could go to more remote areas ...



Germany extending Saudi arms freeze to end-March: foreign minister

Germany said on Wednesday it would extend until the end of March a unilateral halt on arms shipments to Saudi Arabia imposed due to concerns ...


Public Investment Fund

Ride-hailing firm Grab secures $1.5bn from Saudi-backed fund

Southeast Asian ride-hailing firm Grab said on Wednesday it has secured $1.5 billion in fresh financing from a fund run by Japan's SoftBank and will ...


Special Olympics

Saudi Arabia to send big delegation to Special Olympics

The seven-day competition in Abu Dhabi will see 7,000 athletes from 192 nations compete in 24 sports at the Special Olympics World Games. More than ...



STEP Conference To Make Its Mark In Saudi Arabia In March

STEP Conference is getting all set to launch its first summit in the Kingdom of Saudi Arabia in Riyadh on March 25, 2019, with the event expected to ...


Saudi +

Regional and related topics


Don’t Sell F-35 To Turkey If It Buys Russian SAMs: Top NATO General

A team of U.S. officials is in Turkey today, meeting with Turkish officials about their planned purchase of the S-400, one of the world’s most ...



US shifts weapons from Iraq to Syria

The stock of equipment includes nearly 50 Humvees, 20 mine-resistant vehicles, 40 enhanced armament carriers and nearly 700 light anti-tank weapons. The Pentagon also approved ...



Trump says he agrees ‘100%’ with keeping U.S. troops in Syria

Two months after declaring all U.S. troops are leaving Syria, President Donald Trump wrote to members of Congress that he now agrees "100%" with keeping ...



Iran’s government under fire for subsidizing Hajj pilgrimage

Major turbulence in Iran's forex market in the past year, with severe fluctuations and a record nosedive of the national currency, has translated into skyrocketing prices ...



Americans, but Not Liberal Democrats, Mostly Pro-Israel

Americans continue to view Israel favorably and back the Israelis more than the Palestinians, but the extent of that support slipped a bit in ...



Building An Investment Culture In The MENA Region

First, they struggle to secure funding outside of the three Fs: family, friends and “fools.” Second, they struggle to find the right support and investors ...



Africa’s tourism: A global destination for investment and entrepreneurship

A recent World Bank study classified African countries into four performance categories: “pre-emergent,” “potential,” “emerging,” and “consolidating” tourism destinations. ...


Masdar City

Exploring the future of UAE farming with Masdar City in Abu Dhabi

“The ultimate goal for us is to create sustainable farming off-grid,” Baselaib says. “Today, we are 40-45% there – when I say ‘off-grid’, it can ...



Oman’s fiscal challenges prompt Moody’s debt downgrade

Oman’s state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has ...


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