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Saudi Arabia's residential real estate market is poised for a significant boost, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year, particularly in mega-development projects like NEOM. Despite NEOM's initial popularity, interest has waned, with higher-income groups favoring exclusive projects like the Red Sea Project and King Salman Park. ROSHN has emerged as a leading developer, with its SEDRA project in Riyadh being the most sought-after, reflecting a growing demand for affordable, integrated community living.
Alimentation Couche-Tard is actively promoting its $47 billion bid for Seven & i, the owner of 7-Eleven, amid resistance from the Japanese retailer, which cites antitrust concerns. The Canadian firm, which has increased its offer to $18.19 per share, is seeking to address public fears about a foreign takeover affecting food quality. Couche-Tard's founder expressed frustration over limited access to information and the lack of engagement from Seven & i, especially following recent board resignations.
Kathy O'neill
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
neom's appeal wanes as saudi nationals seek alternative giga-projects
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04:46 13.03.2025
couche-tard seeks public support for 47 billion dollar 7-eleven takeover
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04:46 13.03.2025
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