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Saudi developer Al Akaria's losses widen by 539% despite higher sales

RIYADH: Saudi real estate developer Al Akaria has seen its losses widen by 539 percent in the first quarter of 2022, despite a surge in sales. Saudi Real Estate Co., as the firm is formally known, reported SR29.4 million ($7.8 million) in net loss, compared to SR4.6 million in the same period last year, according to a bourse filing. The company attributed the results to rising ....

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15 mega-projects shaping the future of Saudi Arabia


Few countries can claim to have as ambitious plans for the future as Saudi Arabia.
A number of mega-projects are set to come to fruition in the next decade, which will change not only the kingdom s landscapes but, in many cases, the day-to-day lives of residents, too.
From theme parks and metro lines to the world s tallest structure, here are 15 mega-projects shaping the future of Saudi Arabia .
Journey Through Time
A low-carbon tram will connect visitors from Al Ula International Airport across the five districts that make up The Journey Through Time. Courtesy RCU
In April, Saudi Arabia s Crown Prince Mohammed bin Salman announced a new tourism master plan for Al Ula in the country s north-west. ....

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