Roshn in deal with Ajdan to build 113 villas in Makkah

Roshn Group, the kingdom's leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has signed a sale and purchase agreement with Ajdan Real Estate Development Company for the construction of

Foreign investors free to own real estate outside Makkah, Madinah

Saudi Arabia's Ministry of Investment has announced that foreign firms will be permitted to own and sell real estate outside Makkah and Madinah for the purpose of carrying out their investment activities, reported the Saudi Gazette

Jabal Omar sells Makkah plot for $933m hotel project

Jabal Omar Development Company (JODC) has announced the sale of a prime plot of land in Makkah to Saudi developer Azhar Company for a major hotel development, according to a company statement released on its LinkedIn page. JODC is a key

Saudi Arabia replaces over 133,000 lighting units at Makkah

Saudi Arabia's General Presidency for the Affairs of the Two Holy Mosques has completed the replacement of 133,459 LED lighting units in the Prophet’s Mosque and its facilities, ensuring compliance with top international standards, r

Saudi Arabia replaces over 133,000 lighting units at Makkah

Saudi Arabia's General Presidency for the Affairs of the Two Holy Mosques has completed the replacement of 133,459 LED lighting units in the Prophet’s Mosque and its facilities, ensuring compliance with top international standards, r

Umm Al Qura IPO gets solid response from retail investors

Saudi-based Umm Al Qura for Development and Construction today (March 13) announced the successful completion of the offering period for retail investors for the company’s initial public offering (IPO).   U

Umm Al Qura IPO gets solid response from retail investors

Saudi-based Umm Al Qura for Development and Construction today (March 13) announced the successful completion of the offering period for retail investors for the company’s initial public offering (IPO).   U

Hospitality facilities in Makkah grow 80pc to over 1,000 in 2024

Roshn announces sales launch of 727 homes in Makkah

Roshn Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF company, has launched the first batch of sales for Almanar, its first community in Makkah.    The first sales offer

Foreigners allowed to invest in Makkah, Madinah property firms

In a major move, the Saudi Capital Market Authority (CMA) has granted foreign investors permission to  invest in Saudi-listed companies that own real estate within the cities of Makkah and Madinah.   This in