Friday 26 December 2014
 
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Emaar Economic City

Saudi Emaar Economic City inks $533m loan deal

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

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Saudi Arabia's first private port starts operation

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.

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Emaar Saudi unit terminates villa contract

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

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Emaar gets $1.3bn Saudi loan for key projects

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

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Emaar cancels $173m deal with City Cool

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

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Emaar Econ City's Q3 loss narrows 65pc

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

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Emaar EC Q2 loss swells

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

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King Abdullah City to be an urban model

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

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Freyssinet wins $92m KAEC contract

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

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Saudi Emaar to start selling homes on Saturday

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

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