Elie Saab unveil luxury Qatar project

Saudi developer Dar Al Arkan has unveiled its Les Vagues residences by Elie Saab in Doha, Qatar as part of the company’s expansion outside its home market. The new project is in collaboration with Qetaifan Projects, a Qatari real estate development company fully owned by Katara Hospitality. The exclusive residences by the world-renowned designer in Qetaifan Island North aim to set new standards for modern luxury living in Qatar, a statement said. Les Vagues, which means waves in French, will feature 70 opulent one, two and three-bedroom seafront residencies with…

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Saudi’s Qiddiya awards $750m contract to build Middle East’s biggest water park

Qiddiya Investment Company (QIC) announced that it had awarded a SAR2.8bn ($750mn) contract to build Saudi Arabia’s first water theme park. The park will also be the region’s largest. The contract was awarded to ALEC Saudi Arabia Engineering and Contracting and El Seif Engineering Contracting, a joint venture between the two companies. The park is set to cover some 252,000 square metres of land, and will feature 22 rides and attractions. It will be subdivided into nine different zones inspired by native animals that inhabit the area around Qiddiya: the…

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Google buys London office development for $1bn

Google has acquired the iconic Central Saint Giles office development in London’s West End, where it is currently a tenant, for $1 billion (£762.5m) from a joint venture between Legal & General and Mitsubishi Estate London. Google said this investment represents its continued confidence in the office as a place for in-person collaboration and connection. Ruth Porat, SVP and CFO of Google and Alphabet, said: “We have been privileged to operate in the UK for nearly 20 years, and our purchase of the Central Saint Giles development reflects our continuedcommitment to the country’s…

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