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2017-06-19 10:06:56

Saudi Arabia furniture industry’s consumption is forecasted to grow at a rate of 11% during the period of 2017-2022

The Saudi Arabia Furniture industry has witnessed significant growth in recent years due to large-scale developments in its infrastructural, economical, industrial and educational projects to revamp the facilities and services in the kingdom. The country have attracted international acclaim for unde...

2017-06-05 08:09:35

Jeddah’s $7.2bn (SR27bn) King Abdulaziz International Airport (KAIA) will start experimental operations in Q1 2018 - Decofair

The new airport will have one of the tallest control towers in the world at a height of 136 meters and will boast smart and environmentally-friendly features.   The first phase of the KAIA expansion will handle 30 million passengers per annum and is currently employing 21,000 engineers and wo...

2017-05-29 09:15:55

With $784 billion worth of projects currently underway, the Saudi market offers strong growth potential to international interior and design companies

Saudi Arabia is the largest market for building Interiors in the GCC region Saudi Arabia continues to be the region’s strongest country in the building sector in terms of number and size of projects lined up for completion over the next few years. With $784 billion worth of projects currently und...

2017-05-15 09:47:21

FURNITURE IMPORTS VALUE IS ANTICIPATED TO GROW TO 14% AT 2017 MAKING KSA ONE OF THE MOST ATTRACTIVE INTERIOR MARKET IN THE MIDDLE EAST

Buoyed by construction boom and growing investment in the real estate sector, Saudi Arabia’s furniture industry has become one of the most vibrant segments in the country. The construction sector in the country is considered as the largest and the fastest growing market in the Gulf region with hug...

2017-05-08 10:50:57

SAUDI ARABIA IS THE LARGEST MARKET IN THE GULF REGION IN TERMS OF CONSTRUCTION PROJECTS.

The regional infrastructure market is expected to see tremendously increased activity over the coming years as GCC governments look to increase budgetary allocations in order to boost job creation, economic growth and diversification Since 2015, it has been interesting to see that governments in th...

2017-05-01 06:23:13

OVER 120 UPCOMING MAJOR HOTEL PROJECTS TO BE COMPLETED BY 2020 IN SAUDI ARABIA

The market is expected to grow at a 7.6 percent CAGR from an estimated $25.4 billion in 2015 to $36.7 billion in 2020. The regional governments support the tourism sector that they consider as a strong economy motor. Several measures have been taken such as building new attractions, involving priva...

2017-04-24 08:03:20

OVER 40,000 HOTEL ROOMS BY 2018 IN JEDDAH & RIYADH

In line with its vision for 2030, Saudi Arabia will witness dynamic developments across all aspects, particularly the construction sector, which is the largest in the region. Plans are under way to build 40,000 hotel rooms by 2018 in Riyadh and Jeddah and 120 hotels by 2020 in the Kingdom. According...

2017-04-20 11:38:46

SAUDI ARABIA WILL WITNESS 9% INCREASE IN THE FURNITURE MARKET IN 2022

The Saudi Arabia furniture industry has become one of the most vibrant and fastest growing industries in the GCC region. The growing number of real estate development, and increasing demand for residential property along with the governmental initiatives to develop socio-economic infrastructure is...

2017-04-17 08:06:20

Saudi Arabia is the biggest market for architectural rendering and 3D walk-through.

Recently, predicted that the decor and furniture market in the Arabian Gulf will grow by 20% within 2018 year end. It goes without saying that Saudi Arabia is the most attractive market for real estate developers, CGI specialists, decorators and furniture manufacturers. It’s the largest economy ...

2017-04-13 10:19:01

FURNITURE IMPORTS IS ANTICIPATED TO GROW TO 14% AT 2017 IN SAUDI ARABIA, ONE OF THE MOST ATTRACTIVE INTERIOR MARKET IN THE MIDDLE EAST

Buoyed by construction boom and growing investment in the real estate sector, Saudi Arabia's furniture industry has become one of the most vibrant segments in the country. The construction sector in the country is considered as the largest and the fastest growing market in the Gulf region with huge ...

2017-04-12 05:50:25

Saudi Arabia takes the lead with 22 percent of the total Turkey carpet exports.

The Turkish carpet industry ranks second in the global carpet trade.Turkey holds a 15 percent market share in the world carpet trade, ranking number two behind the industry leader China.The industry’s exports make an immense contribution to the Turkish economy. Over the past five years, Turkish ca...

2017-04-06 05:47:41

Chinese firm to build 1.5m 3D printed homes in Saudi Arabia

Leading Chinese 3D printed housing company WinSun said it has reached an agreement with Saudi construction company Al Mobty Contracting Company to lease 100 3D printers in a deal worth 10 billion yuan ($1.5 billion). With these 3D printers from WinSun, the Saudi construction company will embark on ...

2017-03-30 09:33:18

Foreign Players Focusing on the Saudi Arabia Furniture Industry

It is anticipated that the demand in the furniture industry of the Kingdom will grow at a CAGR of around 9% during 2017-2022 The Saudi Arabia furniture industry has become one of the most vibrant and fastest growing industries in the GCC region. The growing number of real estate development, and in...

2017-03-13 04:08:21

Saudi Arabia plans to implement metro projects in Makkah, Jeddah, Dammam and Medina in partnership with the private sector

Saudi Arabia plans to implement metro projects in Makkah, Jeddah, Dammam and Medina in partnership with the private sector, the chief of Saudi Railways Organization (SRO) said on Tuesday.“The (Makkah) project has now been renegotiated to be PPP (public private partnership). Same thing applies for ...

2017-03-05 06:34:12

Assila Hotel, Jeddah spotlights Saudi Arabian art / Decofair

Local art is set to play a major role in the design of the Assila Hotel, Jeddah by the Rocco Forte Hotels group, set to open in Q3 2016.Lydia Forte, bar and restaurant development manager at Rocco Forte Hotels, said at Arabian Travel Market: "What makes this hotel really special and part of what giv...

2017-03-02 08:51:09

The largest hotel in the world Abraj Kudai is forecast to open in Saudi Arabia, whilst new brands are entering the market / Decofair

68 new hotels, 29, 033 hotels rooms all in Saudi Arabia will be a record, according to a new report. With nearly 30, 000 new hotel rooms to open in Saudi Arabia- Riyadh, Jeddah, Al Khobar and Makkah are set to be the busiest areas for hospitality development.The anticipated Abraj Kudai Towers i...

2017-03-02 04:08:50

Saudi Arabia will see a record 68 new hotels and 30,000 hotel rooms open across its major cities in 2017 / Decofair

The world’s largest hotel is being planned for Mecca, Saudi Arabia, a remarkable structure that will rise out of the desert and apparently contain 10,000 rooms for worshippers.The hotel will be part of a mixed-use development at Abraj Kudai, a $3.5bn (£2.25bn) project intended to look like a dese...

2017-02-26 05:04:14

Saudi King Salman begins month-long Asia tour to promote investment / Decofair

Saudi Arabia’s King Salman starts a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco.The octogenarian monarch, who has overseen the launch...

2017-02-26 04:40:22

Saudi to handover 120,000 homes to citizens in 2017 / Decofair

Saudi Arabia has launched a housing programme designed to handover up to 120,000 units to citizens this year.The Sakani programme is part of efforts to distribute homes and financial assistance to 280,000 families by the country’s Ministry of Housing.Read: Saudi prepares to handover 120,000 homes...

2017-02-20 09:30:29

KSA aims to become leading renewable energy market / Decofair

Saudi Arabia may be the biggest oil exporter but moves are afoot for it to also become the world’s foremost market for renewable energy, according to industry sources.The Kingdom has earmarked $109 billion investment budget to achieve this goal, they said.By 2032, Saudi Arabia hopes to generate as...

2017-02-19 06:09:27

Italian wooden furniture sector making significant inroads in the Chinese market / Decofair

Sales of wooden furniture to China rose 22.8% in the first eight months of 2016 compared to the same period last year to reach a total of more than €240 million, the latest figures from the FLA sector association showed. Along with the United States (+8.1% in the January-August period), China is ...

2017-02-16 07:51:50

Riyadh Metro on schedule, to start operation in 2019 / Decofair

KRAKOW, Poland — The Riyadh metro project, one of the world’s largest urban transport ventures, aims to lift up to 3 million commuters off the road to relieve traffic congestion, officials from the High Commission for the Development of Arriyadh announced at a press conference at Alstom’s manu...

2017-02-16 07:42:30

Projects in Jeddah worth billions ‘progressing well’ / Decofair

JEDDAH: Makkah Gov. Prince Khaled Al-Faisal has said here that he was pleased with the progress made on development projects in Jeddah worth billions.There were 857 projects worth SR74 billion earmarked for the region over the past number of years, with some having already been completed.Prince Khal...

2017-02-12 09:14:48

Chairman of the Royal Commission of Jubail: The Custodian of the Two Holy Mosques lays the foundation stone and launch projects with 216 billion / De

Custodian of the Two Holy Mosques King Salman bin Abdulaziz, hosted the ceremony that will be held by the Royal Commission for Jubail and Yanbu and the companies Saudi Aramco and SABIC facilities and a number of private sector companies on Tuesday at the King Abdullah cultural center in Jubail the I...

2017-02-12 09:10:46

Madinah Airport ranked 2nd best in the Middle East / Decofair

RIYADH: Airports Council International (ACI) has ranked Prince Mohammed bin Abdulaziz International Airport in Madinah the second best airport in the Middle East for the second quarter of 2016. The airport ranked second among 10 airports in the region and earned a score of 4.65 points out of five ...

2017-02-07 06:22:52

New Saudi legislation to boost real estate market

  JEDDAH — The current economic trends and surgical budget trims by the consumers have recently impacted the Kingdom’s real estate market. However, the big cheer from the homebuyers is the recent mortgage reforms to revive the industry which include: mortgage cap to 85%; buyer investment/down ...

2017-02-07 06:17:08

Riyadh governor inaugurates projects worth SR280 million

RIYADH: Riyadh Gov. Prince Faisal bin Bandar visited the governorates of Hotat Bani Tamim and Al-Hareeq where he inaugurated development projects worth SR280 million ($75 million). The projects launched by the prince included health, municipal, educational and housing projects, in addition to projec...

2017-02-01 07:17:37

More than 380 furniture and decoration company in Saudi Arabia (US $ 8 billion investment size)

Contributed to the expansion of investment in the hotel industry and tourist facilities in the Arab Gulf states to increase the furnishings and decor market growth, since market volume jumped to $ 8 billion during the current year, while the number of Saudi furnishings companies amounted to more tha...

2017-02-01 06:58:57

144 billion riyals Saudi investments in hotels sector until 2020 (214 new hotels over the next two years)

Dr. Salah al-Bakhit, vice president for investment in the General Authority for Tourism and Antiquities, said the hotel projects in Saudi Arabia, which will be launched during the next two years, up to 214 hotel varied between five and four and three-star, pointing out that the Saudi hotel investme...

2016-08-11 10:27:44

London forum discusses Vision 2030 prospects

London forum discusses Vision 2030 prospects Saudi Arabia’s economic prospects in the context of Vision 2030 were discussed in depth at the 10th BMG Financial Forum held at the University of Cambridge in the UK recently.BMG Financial Group hosted the forum in partnership with Institutional Investo...

2016-08-07 06:50:00

Minister of trade and investment ratify economic establishments Regulations of evaluation that includes companies, patents, and trademarks

Minister of trade and investment ratify economic establishments Regulations of evaluation that includes companies, patents, and trademarks To enhance transparency and raise professionality    His Excellency the Minister of Trade and Investment, Dr. Majid bin Abdullah Al Qasabi, issued ...

2016-08-04 11:10:26

King Abdulaziz Airport in Jeddah receives pilgrims' first flight

King Abdulaziz Airport in Jeddah receives pilgrims' first flightThe Halls Complex for Hajj and Umrah at King Abdulaziz International Airport in Jeddah received today the first flight carrier on its board 401 pilgrims coming from Dhaka, Bangladesh. The pilgrims were received by the Director Genera...

2016-07-31 08:49:21

King Salman holds talks with Moroccan king in Tangier

 King Salman holds talks with Moroccan king in Tangier Custodian of the Two Holy Mosques King Salman received the king of Morocco at his residence in the city of Tangier on Saturday, the Saudi Press Agency (SPA) said.King Salman welcomed King Mohammed VI, who in turn wished him a pleasant stay ...

2016-07-28 03:48:08

THE SAUDI INDUSTRIAL DEVELOPMENT FUND (SIDF) APPROVES 73 LOANS WORTH SR 2.6 BILLION

THE SAUDI INDUSTRIAL DEVELOPMENT FUND (SIDF) APPROVES 73 LOANS WORTH SR 2.6 BILLION The SIDF's performance during the first half of this fiscal year,1437/1438H,(2016), has been remarkable, as the Fund approved 73 loans provided to support financing the setting up of 68 new industrial projects and ex...

2016-07-28 03:29:37

Saudi Ambassador to Australia Lectures on Kingdom of Saudi Arabia's Vision 2030

Saudi Ambassador to Australia Lectures on Kingdom of Saudi Arabia's Vision 2030Saudi ambassador to Australia Nabil bin Mohammed Al Saleh has called on Australian businessmen, entrepreneurs and investors to take advantage of the opportunities being provided by the projects of Kingdom of Saudi Arabia'...

2016-07-28 03:17:30

Saudi investments in Britain reach 60 billion pounds

Saudi investments in Britain reach 60 billion pounds LONDON: There are huge Saudi investments in the UK and they amount to nearly 60 billion pounds, according to Minister of Commerce and Investment Majid bin Abdullah Al-Qassabi.The minister made the remark following participation in the work of the ...

2016-07-27 06:44:00

Second Gulf-British Economic Forum opened in London last week.

Second Gulf-British Economic Forum opened in London last week.The Second Gulf-British Economic Forum started its activities here on Thursday, in the presence of Prince Mohammed bin Nawaf bin Abdulaziz, the Saudi Ambassador to the United Kingdom; Secretary General of the Gulf Cooperation Council (GCC...

2016-07-27 06:02:12

Saudi Government allowed Saudi Binladen Group to restart its activities within some of the suspended projects, including King Abdulaziz Airport in Jed

Saudi Government allowed Saudi Binladen Group to restart its activities within some of the suspended projects, including King Abdulaziz Airport in Jeddah and to enter biddings for new projects Saudi Binladen Group, the kingdom’s largest construction firm, is recovering from a year-long financia...

2016-07-26 02:44:22

Saudi Arabia Leads The Way For Hotels Under Construction

 Saudi Arabia Leads The Way For Hotels Under ConstructionAccording to the latest report issued by STR, the June Pipeline Report highlighted that 154,576 rooms in 550 hotels are under contract in the Middle East.The report also indicated that Saudi Arabia is leading the way for hotels under cons...

2016-07-11 09:22:37

The Dow Chemical Co. recently became the first company to receive a trading license in Saudi Arabia

Published 2016-07-11 08:09:56The Dow Chemical Co. recently became the first company to receive a trading license from the government of Saudi Arabia, allowing 100 percent ownership in the country’s trading sector, expanding Dow’s long history of partnership and investment in Saudi Arabia.The tra...

2016-07-11 07:45:39

The Minister of Commerce and Investment Preside the kingdom’s delegation in G-20 Trade Ministers' meeting

             The Minister of Commerce and Investment Preside the kingdom’s delegation in G-20 Trade Ministers' meeting 10 July 2016 Page Image Page Content Held talks with many ministers and major Chinese companies about the Sa...

2016-06-28 08:55:34

Saudi Arabia and France are expected to sign major trade agreements

JEDDAH: Saudi Arabia and France are expected to sign major trade agreements in housing, defense, energy, health care, agriculture, transport, research, sports, media, environment and tourism during the current visit of Deputy Crown Prince Mohammed bin Salman.This is according to French sources quote...

2016-06-27 03:33:07

Prince Muhammad and Bill Gates join hands for welfare work

New York — Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense who is also the chairman of the Misk Al-Khair Charity Organization, signed an agreement with the Bill & Melinda Gates Foundation to boost welfare work.The agreement was signed by Prince Muhammad and B...

2016-06-22 03:15:29

In line with 2030 vision, Prince Mohammad bin Salman establishes a new College of Business and Entrepreneurship to help bolster the economy

Under the auspices of His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, HRH Deputy Crown Prince Mohammad Bin Salman Al Saud, Second Deputy Prime Minister and Minister of Defense, the MISK Charitable Foundation and King Abdullah Economic City (KAEC) unveiled a cooperation deal with B...

2016-06-20 04:39:44

Artist Christo designed unique ‘floating piers’ on Italy’s Lake Iseo which is the most incredible installation this year

Bright-orange fabric connects over 200,000 floating cubes to create a triangular dock on the coast of Italy. The walkable artwork, the latest from Christo, connects two points on the coast of Lake Iseo. It proceeds across a village then extends back onto the water, where it merges at an angle and en...

2016-06-05 05:50:13

Reed Sunaidi Exhibitions and Decofair team wish you all blessings in Ramadan , Ramadan Kareem

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2016-05-31 10:35:57

How Saudi’s neighbours will benefit from its reforms

The deals announced between Saudi Arabia and Egypt mark a sea change in Riyadh's approach to doing business with its Arab neighboursThe Saudi government and neighbouring Jordan recently announced the establishment of a joint coordination council to seek out opportunities for the Saudi Public Investm...

2016-05-11 08:23:54

Business Forum to lead way to Turkish-Saudi FTA

Along with strengthening commercial ties between Turkey and Saudi Arabia, the Saudi-Turkish Business Opportunities Forum, where new business deals were signed, is expected to result in a free trade agreementSpeaking at the opening ceremony of the Saudi-Turkish Business Opportunities Forum organized ...

2016-05-11 08:20:33

New ministers take oath of office

Newly-appointed ministers took oath of office before Custodian of the Two Holy Mosques King Salman at Al-Yamama Palace in Riyadh on Monday. Minister of Health Tawfiq Al-Rabiah, Minister of Commerce and Investment Majed Al-Qasabi, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, Mi...

2016-05-11 08:17:36

Saudi minister: Vision 2030 will consolidate financial stability

Saudi Minister of Finance Ibrahim Al-Assaf said that the Vision 2030 will be instrumental in further consolidating the country’s financial stability and sustainability by strengthening the role of the private sector.Inaugurating the 11th edition of the Euromoney Saudi Arabia Conference at Al-Faisa...

2016-05-11 08:15:55

Himmah Logistics to obtain land in KAEC (The land, spanning 113,000 sqm)

JEDDAH — King Abdullah Economic City (KAEC) has signed with leading logistics company Himmah Logistics to purchase land in the third phase of KAEC’s Industrial Valley.The land, spanning 113,000 sqm, will be allocated for the establishment and operation of a number of facilities in the logistics ...

2016-05-11 08:12:08

Saudi firm invests $500M in real estate project in Istanbul

Saudi Arabia-based Al Qemam Group's Akzirve Gayrimenkul will embark on two new real estate investments worth approximately $500 million in Istanbul. One of the projects is expected to bring in $1.25 billion in revenue, Akzirve Gayrimenkul CEO İbrahim Maasfeh said.Speaking at a press conference in w...

2016-04-26 10:08:19

Demand in the Kingdom's furniture industry will grow at a CAGR of around 11% during 2016-2020

The Saudi Arabia furniture industry has become one of the most vibrant and fastest growing industries in the GCC region. The growth of the furniture industry has been supported by the growing number of real estate development and increasing demand for residential property in the Kingdom. Also, with ...

2016-04-26 08:30:07

Art+ joins Decofair 2016

Art+ is an Emirati company specializing in digital photography and digital printing solutions, as well as chemical printing at the highest level. Providing the complete range of services from beautiful design to the production of superb quality prints finished in exquisite frames, Art+ will be showc...

2016-04-26 08:04:09

Saudi Arabia drives demand for mid-market hotel sector as the country welcomes increasingly diversified pool of guests from domestic and international

The hospitality industry in Saudi Arabia is witnessing a significant shift towards the development of mid-range hotels in 2016, according to a new report.In a market traditionally dominated by five-star hotels, the new report from TOPHOTELPROJECTS reveals that six out of the top ten brands with the ...

2016-04-26 08:00:16

Saudi Arabia increases construction of housing units by 50% in order to keep up with growing demand

In keeping with demand, there has been a 50 percent increase in the construction of housing units in the Kingdom, the Ministry of Commerce and Industry (MCI) announced here Wednesday.According to a report released by the MCI real estate off-plan sales program, the total value of projects under this ...

2016-04-26 07:30:55

Saudi prince unveils sweeping plans to end 'addiction' to oil

The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.Deputy Crown Prince Mohammed bin Salman said the world's top oil exporter expects state oil company Saudi...

2016-04-03 04:18:34

Zaha Hadid’s death a great loss for architecture

Sheikh Zayed Bridge went dark on Thursday following the passing of the Iraqi-born British architect Zaha Hadid. The internationally renowned architect left us too early, at the age of 65, after having a heart attack in a Miami hospital.Her life journey was an inspiration on many levels. As an archit...

2016-03-23 10:14:32

Saudi Arabia Interested to Enhance Imports from Pakistan

Islamabad—Saudi Arabian investors are interested in investment and joint ventures in various sectors of Pakistan’s economy. Steel manufacturing and food processing are potential areas for joint ventures between the two countries. These views were expressed by Ambassador of Saudi Arabia to Pakist...

2016-03-23 08:12:32

Danish delegation targets Saudi trade opportunities

RIYADH: Custodian of the Two Holy Mosques King Salman held wide-ranging talks with Danish Crown Prince Frederik Andre Henrik here on Sunday.The two leaders reviewed bilateral relations while discussing various aspects of cooperation between the two countries and agreed on ways to further enhance rel...

2015-10-06 05:40:13

How to do business in Saudi Arabia!

We are delighted to announce our Business Content Partner at Decofair 2015 "Arabian Enterprise Incubators" A  British run company, AEI Saudi was founded in 2012 to  meet the demand from foreign companies for a low-risk structured approach to doing business in the Kingdom of Saudi Arabia. F...

2015-09-27 04:53:48

Commit, don't commute: the secret to winning in Saudi Arabia

The Kingdom of Saudi Arabia has not had a quiet year: the accession of King Salman, two new crown princes, a new young defence minister, military operations in Yemen, waning oil prices and contentious visits to the French Riviera are but a few of the topics that have drawn the usually low-profile co...

2015-09-13 04:25:25

Samuele Mazza Outdoor Collection by DFN: on stage classic and glamorous style

DFN proceeds its development activities in the outdoor collection by Samuele Mazza, proposing new products and new unusual finishes. This confirms its undisputed ability to fit outdoor spaces with a balanced blend of classic and glamorous style. Under the prestigious Sole Gazebo (now collection’...

2015-08-26 03:40:57

KSA real estate sector to gain further from economic stability

JEDDAH: A real estate investment specialist has confirmed that the fundamentals of the local economy “indicate renewed high levels of confidence among a wide spectrum of capital investors, despite international and regional events which had been expected to dampen enthusiasm and reduce the attract...

2015-08-25 05:07:47

More than 110 global interiors brands eye $2.2 billion Saudi furniture market

JEDDAH – The Saudi $624 billion construction market is attracting international players, with the Saudi imports of furniture alone “currently worth $2.2 billion… and this is forecast to grow steadily as more projects near the fit-out stage,” said Naomi Barton, International Sales & Mar...

2015-08-24 04:34:37

Luxury furniture market experiencing 4.1pc growth

The luxury furniture market is projected to experience a compound annual growth rate of 4.1 percent for the next five years, reaching $27.01 billion by 2020, according to a new report by Allied Market Research.While Europe is the largest market for high-end home furnishings, the Asia Pacific region ...

2015-08-10 10:17:10

Gallery one franchise is going for brand expansion in the Kingdom

Gallery One is the leading art retail brand in the Middle East with 10 retail gallery stores in 4 countries, and it continues to expand. Omar Aidroos Al-Esayi Establishment acquired the Gallery One franchise in the Kingdom of Saudi Arabia in 2014. In Gallery One, you will find a diverse collect...

2015-08-10 10:13:49

Jotun joins Decofair 2015

The company, which started more than 30 years ago, is now the leader in decorative paints in the Kingdom with a market share surpassing all the other international brands. Jotun Paints is also a well-established paint brand among end users for its variety of quality paint products suitable for all D...

2015-08-09 08:49:12

JLL: Jeddah real estate market sustains growth

JEDDAH — All sectors of Jeddah real estate market sustained growth in the second quarter of 2015, JLL’s “Q2 2015 Real Estate Market Overview” report revealed Wednesday.JLL, the world's leading real estate investment and advisory firm, in its latest report that assesses the latest trends in t...

2015-07-29 09:33:57

ETHAN ALLEN: JEDDAH’S DESTINATION FOR FINE HOME DESIGN

  ETHAN ALLEN:JEDDAH’S DESTINATION FOR FINE HOME DESIGNWhen it comes to designing a beautiful home, look no further than Ethan Allen. Founded in Vermont (U.S.A.) more than 80 years ago, America’s classic design brand is renowned for its beautifully designed, beautifully crafted home fu...

2015-07-26 08:24:28

10,000 hospital beds in Makkah region in 5 yrs

JEDDAH — New healthcare projects being implemented in Makkah Province will raise the capacity of hospital beds in the region to more than 10,000 in the next five years, the Saudi Press Agency said on Saturday. Officials in the Directorate of Health Affairs in Makkah said the capacity of hospitals ...

2015-07-26 08:20:27

KidzMondo to build 7 Saudi theme parks costing $133m

JEDDAH — KidzMondo has signed a franchise agreement with Abdul Rahman Saad Al-Rashid and Sons to build seven edutainment theme parks in Saudi Arabia with the first in Riyadh. The development will be carried out over the next 10 years, at the cost of $133 million. The franchise agreement was signed...

2015-07-26 08:00:45

Carlson Rezidor announces new hotel in Saudi

Carlson Rezidor announced the opening of its newest property in Saudi Arabia, the Radisson Blu Plaza Hotel in Jeddah."Saudi Arabia enjoys a growing economy and Jeddah continues to be an important city for domestic tourism in the country," said Mark Willis, area vice president Middle East and Turkey,...

2015-07-05 05:37:50

Alwaleed Philanthropies Grants 10,000 Housing Units &10;,000 Cars to Saudi Citizens

As an expression of his gratitude to the Saudi nation and its people, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announced the resumption of the two Alwaleed Philanthropic projects that consist of providing 10,000 housing units to Saudi citizens, which is part of his development housing init...

2015-06-08 09:30:42

Interior Motives creates global concept for new Holiday Inn hotel in Jeddah

Originally an American motel chain, Holiday Inn is now one of the world’s largest multinational hotel chains accommodating over 100m guests a year. The giant operator, now part of the InterContinental Hotels Group, has recently launched a new 180-room branch in Jeddah, Saudi Arabia.The chain, whic...

2015-02-03 02:18:52

‘Housing projects will not be affected by falling oil prices’

12,000 units already handed over to beneficiaries KUWAIT CITY, Dec 7, (KUNA): Housing units offered by the Public Authority for Housing Welfare (PAHW) in 2014 has exceeded 50 percent of the target for the year, Minister of State for Housing Affairs Yasser Abul said on Sunday. 12,000 housing un...

2015-01-26 04:28:09

The heart and soul of art

JEDDAH — With its elegant architecture and creative approach to the art of luxury living, ART Rotana Hotel has officially opened its doors and is welcoming guests to its stunning ocean-front property in the heart of Amwaj Islands. Rising high amid a group of man-made islands with panoramic views ...

2015-01-18 03:37:41

Increasing Government Spending to Boost Saudi Arabia Furniture Market

Furniture consumption in Saudi Arabia is projected to grow at a CAGR of 10% during 2015-2019, says RNCOS in its latest research report.Noida, UP -- (ReleaseWire) -- 12/23/2014 -- Saudi Arabia furniture market is expected to experience a strong growth driven mainly by the government spending towa...

2015-01-12 08:11:27

Saudis to keep spending heavily in 2015 budget, shrug off oil plunge

(Reuters) - Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of cheap oil.Financial markets had feared the king...

2015-01-12 02:42:44

Saudi Arabia Furniture Market Outlook 2019

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d468lm/saudi_arabia) has announced the addition of the "Saudi Arabia Furniture Market Outlook 2019" report to their offering. With increasing budgetary expenses and growing investments into...

2015-01-11 02:43:34

Young couples revive furniture shop sales

Furniture shops in Jeddah witnessed a rise in young shoppers who are planning to get married during the summer season. According to shop owners, sales increased by 90 percent due to the high number of marriages taking place during the summer, which is considered a high season throughout the Kingdom....

2015-01-11 02:34:18

Decofair 2014 reports successful show for local and international brands

Local, regional and international exhibitors reported strong sales and high customer footfall at the 6th edition of Decofair, Saudi Arabia’s only premium furniture and interior design show. Held at the Jeddah Centre for Forums and Events from 10th – 13th November, the annual show hosted a total ...

2014-10-19 08:11:40

Decofair Integral To Development Of Saudi Arabian Design Industry

With Saudi Arabia’s construction and hospitality sectors poised for unprecedented expansion, the need for design expertise and talent in the Kingdom is growing and diversifying at a rapid pace. Decofair, the only premium international furniture and interior design show in the Kingdom, can help nur...

2014-09-25 02:48:24

Carlson Rezidor Inks Deal For 5 New Hotels In Saudi Arabia

Carlson Rezidor Hotel Group announced that it has signed five new projects in Saudi Arabia, expanding its portfolio to 22 hotels in the country.The group, whose core brands are Radisson Blu and Park Inn by Radisson, will open three hotels in Jeddah and one each in Riyadh and Dammam.The new projects ...

2014-09-25 02:43:09

Real estate market safe and growing

The head of the real estate committee at the Jeddah Chamber of Commerce and Industry Khalid Al-Ghamdi said the Kingdom has the largest real estate market in the Middle East.He told Arab News that the real estate market in the Kingdom is stable, allowing for greater investment opportunities for devel...

2014-05-29 04:40:12

Housing demand is outpacing supply in Saudi Arabia

Housing continues to be a serious issue and the Kingdom's focus of attention. What is complicating the problem is that the Kingdom's population is maintaining one of the highest growth rates.While there is continuous demand for housing from the citizens, especially young citizens who are lookin...

2014-05-29 04:11:16

Booming construction activities in Saudi Arabia fuel demand for furniture imports

With $784 billion worth of construction projects currently underway in Saudi Arabia[1], the market offers strong growth potential to international interior and design companies. Major infrastructure developments and real estate investments are contributing to the buoyancy of the local interiors mark...

2014-05-28 10:29:33

Residential sector leads continued growth of Riyadh and Jeddah markets

According to JLL Q1 2014 Market Overviews of the Riyadh and Jeddah real estate marketsKSA, 28 May 2014 - JLL, the world's leading real estate investment and advisory firm, today has released its first quarter (Q1 2014) Riyadh and Jeddah Real Estate Overview reports that assess the latest trends in t...

2014-05-28 05:13:43

Jeddah will become a 'city of bridges and tunnels'

Jeddah will soon become a city connected by bridges and tunnels, said Mohammed Al-Buqami, Jeddah Municipality spokesman. "The city is in the process of implementing several infrastructure projects to construct more new bridges and tunnels in various areas in order to smooth traffic flow," he sa...

2014-05-13 07:14:29

Jeddah Economic Co to raise funds for Kingdom City super tower project

Saudi Arabia's Jeddah Economic Co. said on Monday it was in talks with local Saudi banks to raise funds for the 14-billion-riyal ($3.73 billion) first phase of its Kingdom City project. If completed, the project's over one kilometre tall Kingdom Tower will replace Dubai's Burj Khalifa , 828 metres t...

2014-02-20 04:40:11

Strong interest in lucrative Saudi construction market drives brisk business at Decofair 2013

Kingdom’s leading design show reports resounding success for local, regional and international brands.The 5th edition of Decofair, Saudi Arabia’s only premium international furniture and interior design show, ended on a high with strong sales and substantial business reported by participating ex...

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