Cenomi Centers, the largest owner, developer and operator of retail and lifestyle destinations in Saudi Arabia, has completed the second transaction as part of its non-core asset land sale program. The 115,094.89-square-meter plot, located in the Al-Raed district of Riyadh, sold for SR700 million ($187 million) and is the second to be sold as part of the company’s program to
Saudi-based Sumou Real Estate Company has signed a SR377 million ($100.3 million) deal with the kingdom s National Housing Company for the construction of villa units on a 88,570 sq m area within its key development in Makkah.
Saudi-based Sumou Real Estate has announced the signing of an agreement with National Housing Company for the development of a 82,483-sq-m plot area within Dahiyat Al Fursan 1 and 2 in capital Riyadh for the construction of various residential units.
RIYADH: Saudi Arabia’s main index returned to the 12000-point level on the back of a recovery in crude oil prices. Oil prices rose over $1 a barrel on Monday before dropping in volatile Tuesday trade as worries over lower China demand mounted. Brent crude futures edged down to $93.89 a barrel by 9:03 a.m. Saudi time. US West Texas Intermediate crude reached $87.77 a barrel.