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Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Real Estate Sector

With the growth in the rates of population in the country of the council the real estate sector witnessed substantial changes during the past few years particularly in the light of the huge construction and real estate projects which were laid down by the government of the countries of the council and coincided with the facilities granted by them such as issuing legislative mechanisms to free real estate circulation so as to pump more investment in the arteries of that sector. Those measures encouraged the private sector to lay down some views to innovative projects. The countries of the council were different in their views towards the performance of the real estate for instance, in U.A.E., the real estate sector, obsesses about 10% from the total of the national income, and most of the projects concentrated in Dubai and Abu Dhabi Emirates, and the number of the real estate projects in the U.A.E. is estimated at $1,300 trillion, in the kingdom of Saudi Arabia the real estate sector in the shadow of the huge project particularly, the government projects and the ones which were led by the private sector has become a basic foundation for the development. The contribution of the real estate sector in the total local proceeding of the kingdom of Saudi Arabia ,is estimated at SR55milliar and about 9,5% from the non- petroleum local proceeding but in Oman Sultanate, the rate of the demand of real estate has rised with about 54%during the year 2005. Furthermore, the size of the real estate deals in the year 2007, risen to about 24,2million sqm, with a rate in the increase, reached 43,4% , also the size of the real estate investment in the Sultanate in the year 2007, reached 1,61milliar Omani riyal, while the rates of the Gulf investment in the real estate sector reached 38%. In AL-Kuwait, the real estate occupied the second position after the petroleum and the real estate market in Kuwait, witnessed a roaring circulation, surpassed the values of the investment flow to $8milliar also the number of the residential units are expected to reach with the start of the year 2010about 100,000 residential units. In AL-Bahrain, the construction projects obsessed to about 79% from the total size of the projects which are executed with value of $13,3milliar while in Qatar the size of the investment earnings estimated at 15-25%,particularly after the decree that specify18 areas for the Qatari investment.

QR300mn residential project for Al Khor
Business & Finance Group - Real Estate - Qatar: Qatar Islamic Bank QIB has signed an Istisna’a agreement for the financing of a QR300mn residential project in Al Khor. .. المزيد
Ring Road project in Makkah approved
Business & Finance Group - Real Estate - MAKKAH: Abbas Qattan, the head of the committee in charge of development at the Grand Mosque's north courtyards has said that the First Ring Road project to be located 180 meters to the east of the nor .. المزيد
Emaar's hotel unit set to take brand global
Business & Finance Group - Real Estate - Dubai: Emaar Hospitality, a unit of Dubai's Emaar Properties, will manage two hotels in France and Morocco and is in talks to run more properties under The Address brand globally to tap into a recovery in luxury ho .. المزيد
Kuwait's Real Estate market sized up
Business & Finance Group - Real Estate - Kuwait: Up to the end of 2007, the Real Estate and Construction sectors in Kuwait had a buoyant market fuelled by the rising oil prices. Improved surpluses in public finances along with abundant liquid .. المزيد
Kingdom Holding announces successful KHI takeover
Business & Finance Group - Real Estate - RIYADH: Kingdom Holding Company (KHC) has successfully taken over Kingdom Hotel Investments (KHI) after shareholders endorsed an offer of $5 per share. .. المزيد
Arabtec to build Damac Heights at Dubai Marina
Damac Properties said on Tuesday it has awarded the main construction contract for its Damac Heights project at Dubai Marina to Arabtec Holding. The Dh500million contract was signed this week and work is expected to commence as soon as enabli .. المزيد
Hyatt to open two Abu Dhabi hotels in massive expansion plan
Hyatt will open two luxury hotels in Abu Dhabi within the next 12 months as part of a major expansion in the South West Asian region, the hospitality operator said on Tuesday. .. المزيد
Union Properties earnings zoom on MotorCity sales
Union Properties, Dubai's third-biggest developer by market value, said first-quarter profit rose 67 per cent on increased revenue from the handover of properties in its MotorCity project. .. المزيد
Aldar's Al Bandar ready to come online
In the latest pool of residential supply to hit the market, Aldar Properties, the capital's largest developer, will in June commence handover of 511 units at Al Bandar, the first residential precinct to be occupied in Al Raha Beach. .. المزيد
President orders construction of 400 houses for citizens in Sala town: Hamdan bin Zayed
Representative of President in Western Region HH Sheikh Hamdan bin Zayed Al Nahyan, has ordered building of 400 residential units for citizens in Sala town in Western Region. It will also include clinics, schools, parks and other premises. .. المزيد
 Archive
 
Kingdom to make cars for Gulf and N. Africa
Economic Achievements : Saudi Arabia
UAE Ministry of Health launches iodine deficiency screening progamme
Economic Achievements : United Arab Emarites
Jabal Omar signs $906m contract for mega project development
Economic Achievements : Saudi Arabia
Emaar Properties enters collaboration with Emirates Healthcare Limited on healthcare portfolio
Economic Achievements : United Arab Emarites
King Fahd University to introduce environmental studies
Economic Achievements : Saudi Arabia
Bahrain Polytechnic announces admissions opening
Economic Achievements : Bahrain
Flydubai takes delivery of four new aircraft
Economic Achievements : United Arab Emarites
Khaleeji Commercial Bank holds a workshop on corporate governance
Economic Achievements : Bahrain
DP World announces partnership with Plastic Free Ocean
Economic Achievements : United Arab Emarites
Print industry leaders predict business upturn
Economic Achievements : United Arab Emarites
Abu Dhabi Motors quadruples Rolls-Royce sales from January to November 2010
Economic Achievements : United Arab Emarites
Drydocks World wins $13m BW Offshore contract
Economic Achievements : United Arab Emarites
Dubai's RTA completes work on 1st interchange
Economic Achievements : United Arab Emarites
DP World sells 75% of operations in Australia
Economic Achievements : United Arab Emarites
Jumeirah Group plans expansion in China
Economic Achievements : United Arab Emarites