Saudi Arabia's Emaar Economic City has secured a SR2 billion ($533 million) Islamic murabaha loan from Saudi British Bank (SABB), an affiliate of HSBC Holdings, the company said on Wednesday.
The company will use the loan, whi
Emaar Economic City, a big Saudi real estate firm, has started operations at the country's first privately owned port and will more than triple investment in the facility over the next five years, the company's chief executive said.
Saudi developer Emaar Economic City has terminated a contract to build 134 villas in the King Abdullah Economic City development.
Emaar Economic City, affiliated to Dubai developer Emaar Properties, ended the
Saudi developer Emaar Economic City has received a SR5 billion loan ($1.33 billion) from the kingdom's finance ministry to speed up construction of a project, it said on Wednesday.
Two sources familiar with the deal told Reuters
Saudi Developer Emaar Economic City, an affiliate of Dubai's Emaar Properties, has cancelled an agreement worth SR650 million ($173.3 million) with UAE-based City Cool.
City Cool was meant to own and operate two cooling stations for 25 yea
Saudi Developer Emaar Economic City (EEC), an affiliate of Dubai's Emaar Properties, narrowed its losses by 65 per cent in the third quarter.
The firm, which is developing the King Abdullah Economic City (KAEC) project on the Red Sea c
Saudi developer Emaar Economic City, an affiliate of Dubai-based Emaar Properties, posted a second-quarter net loss of 40.5 million riyals ($10.8 million), up nearly nine-fold from a year earlier.
Emaar E.C, which is developing the giant K
The King Abdullah Economic City will be a model community for a country with unemployment, poor urban planning and infrastructure problems despite its famed oil wealth, its developer said this week.
Fahd Al-Rasheed, chief executive o
Freyssinet Saudi Arabia has won an SR348 million ($92.9 million) contract from Emaar, The Economic City (Emaar E C).
The contract covers the design and construction of the first phase of the Business Park within Bay La Sun Village – an int
Emaar Economic City said it would start selling homes in a Saudi Red Sea coast development on Saturday, generating the first revenues from a project that aims to attract about $26 billion in investment.
The developer is an affiliate of Dub