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Bahrain's Arcapita and Saudi's Al Rajhi Capital exit real estate fund

Bahrain's Arcapita and Saudi's Al Rajhi Capital exit real estate fund


Arcapita, the Bahrain-based investment management firm, has sold real estate assets it jointly held with Saudi Arabia's Al Rajhi Capital for 1.35 billion Saudi riyals ($359.81 million), the two companies said in a joint statement on Monday.

Read more at 



http://www.reuters.com/article/2015/11/30/arcapita-al-rajhi-bank-realestate-idUSD5N13P00220151130

Fairmont Expands into North Africa with Luxury Hotel Development in La Marina Morocco

Fairmont Expands into North Africa with Luxury Hotel Development in La Marina Morocco

Luxury Hotel to be Key Focal Point of Mixed-Use Development

DUBAI, UNITED ARAB EMIRATES--(Marketwired - Nov. 30, 2015) -

Editors Note: There is a photo associated with this press release.

Luxury hotel brand Fairmont Hotels & Resorts and Abu Dhabi-based private real estate investment company Eagle Hills, today announced the development of a new luxury hotel in Morocco, Fairmont La Marina Rabat-Salé. The 200-room hotel, set to open in 2019, will be located in La Marina Morocco, a coastal mixed-use development strategically located between Rabat and the ancient city of Salé.

http://www.marketwired.com/press-release/fairmont-expands-into-north-africa-with-luxury-hotel-development-la-marina-morocco-2077683.htm

M&A attractiveness index—Middle East

M&A attractiveness index—Middle East

Developed in association with the M&A Research Centre at Cass Business School

According to the M&A Attractiveness Index, developed by the M&A Research Centre at Cass Business School, the Middle East countries of Qatar, Saudi Arabia and United Arab Emirates are ranked 50th, 81st and 28th, respectively, out of a total of 147 countries.

http://www.lexology.com/library/detail.aspx?g=3c3b32f1-38f3-4f33-8365-6162cfeb45de

Arab funds raising investments in Russia

Arab funds raising investments in Russia




Kuwait’s sovereign investment fund is investing an additional $500 million in projects in Russia in partnership with the Russian Direct Investment Fund (RDIF). Analysts say Arab sovereign funds are hedging against falling oil prices by investing in Russia.

http://in.rbth.com/economics/finance/2015/11/26/arab-funds-raising-investments-in-rusia_544635

Saudi Arabia set to see continued growth of its residential real estate market

Saudi Arabia has seen its residential property market expand rapidly over the last year due to increased demand caused by various government initiatives to boost the housing sector.
Over the past year, residential prices in Riyadh have risen by 5% to 7% overall, according to the Riyadh residential research report from international real estate firm Knight Frank.

However, it points out that there have been variable performances across the capital’s districts, with congestion issues in the south, for example, responsible for prices stagnating.

In recent years, Saudi Arabia’s residential construction sector has been expanding rapidly. Indeed, the latest available data from the Saudi Arabian Monetary Agency shows that the value of residential building construction across the kingdom rose for the ninth consecutive year in 2012, increasing by 11.4% year on year.

Riyadh is an important driver of construction activity in Saudi Arabia and the capital city accounted for an average of 27% of all residential and commercial permits issued across the
Kingdom between 2003 and 2013.

Over the next couple of years, we expect residential prices to continue to rise in Riyadh as the city’s rising population exacerbates the already acute housing shortage. Beyond that period, improving infrastructure, as well as new international developers entering the market, should boost construction activity and thus housing completions,’ the report concludes.

Karakol

Want to feel like an explorer? Practicing high mountain hiking among nomad camps and wild horses? In this case do not hesitate: visit Karakol. A name that sounds surely defies common mortals in Europe. But today designating the busiest city for foreign visitors who tour the former Soviet republic of Kyrgyzstan.

With 75,000 inhabitants, the town of Karakol is a perfect compendium of a country that, after independence in 1991, is becoming emerging tourist destination. As a microcosm: all Kyrgyzstan is summarized in Karakol. Because of its location, first, on the banks of one of these multiple alpine lakes of turquoise waters and surrounding snow-capped peaks that are scattered throughout the Kyrgyz geography. And not just any alpine lake: at 1,620 meters, Issyk-Kul, mythical site also legendary Silk Road, is the largest in the world after Titicaca.

This aquatic proximity motivates the city was forbidden zone in Soviet times: here was an ultra-secret project to develop advanced torpedoes. Since then, however, Karakol has reopened to the world, and there are only about communism and grandiose statues of socialist heroes, including Lenin himself pointing at arm a promising future.