Sunday 21 December 2014
 
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Barwa inks deal to sell land plots for $1.47bn

Qatar's Barwa Real Estate has signed a deal to sell two plots of land for a combined QR5.34 billion ($1.47 billion) to an unidentified buyer, the company said on Tuesday. Barwa will deliver the first plot of land, which it is

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Saudi Arabia sees major growth in shipping; $30bn projects under way

Saudi Arabia is experiencing exponential growth in its ports and shipping sectors with projects planned and currently in progress totalling more than $30 billion. Experts presented a series of papers to more than 200 delegates at the in

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Makkah land owners wait for $7.9bn reimbursements

Saudi Arabia’s Endowments Committee at the Makkah Chamber of Commerce owes more than SR30 billion ($7.9 billion)  in reimbursements to owners of appropriated lands for expansion project in Makkah, according to a report.

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Dubai sees steady increase in land prices

With an expanding significance of freehold in Dubai, UAE, land prices will continue to gather momentum, especially towards the build-up for the World Expo 2020, said a report. As Dubai's real estate market enters its third cyc

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Saudi Arabian property prices 'may fall 40pc next year'

Saudi Arabia could see a 30 to 40 per cent drop in property prices in 2015 following the recent government decision to impose fees on vacant lands and cancel all bogus land deeds, said a report. The government must take additional measu

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Qatari developer in $697m land deal

Qatar's Barwa Real Estate says it will sell land worth QR2.54 billion ($697.4 million) to the government, marking the latest state assistance which the indebted developer has received. In exchange for a plot in Lusail City, Ba

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Hyundai-led group agrees to $10bn land deal

Hyundai Motor and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion Korean won ($10.12 billion) for a trophy plot of land to house a new headqu

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Egypt must cut red tape to win investors in Suez canal

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to build

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Saudi council to consider tax on unused urban land

Saudi Arabia's Supreme Economic Council, a top policy body chaired by King Abdullah, will study whether to tax undeveloped urban land as part of efforts to end a serious housing shortage in the world's top oil exporter. Ma

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Saudi council to consider tax on unused urban land

Saudi Arabia's Supreme Economic Council, a top policy body chaired by King Abdullah, will study whether to tax undeveloped urban land as part of efforts to end a serious housing shortage in the world's top oil exporter. Ma

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