Olaya Real Estate Company is rooted to the year 1934, when Sheikh Mohammed Bin Saedan began his business of developing land. Through his unique experience in this field, and with the ambition and vision of his sons continuing his fruitful achievements, the foundation of Olaya Real Estate Company was cast. Since 1986, Olaya Real Estate Company has participated in the growth, construction, and development of many districts of Riyadh. The company has developed millions of square meters of raw land in the prominent areas of Al Mourabaa, Al Souweidi, Al Olaya, Al Mursalat, Al Mohamadiya, Al Nakhil, Al Wadi, Al Nafel, Al Quadisiya, Al Mounisiya, Al Mathar, and Chabra. Today, Olaya Real Estate Company stands as a leader in the Saudi Arabian real estate industry. Our activities have spread beyond Riyadh, reaching throughout the Kingdom of Saudi Arabia. Our name has become synonymous with leadership in Saudi Arabian real estate through our innovative projects, concepts, and achievements

First-ever property exchange planned
A Canadian firm and a Saudi Arabian company have announced plans to create the first global real estate securities exchange, with the first group of exchanges slated for autumn of 2012 in Dubai, Canada and London

Saudi mortgage law 'may be approved next week'
Abdul-Rahman al-Sadhan, the secretary general of Saudi Arabia's council of ministers has said that a long-awaited mortgage law may be approved next week, Reuters has reported

Saudi Arabia approves SR20bn Q1 projects
.The government of Saudi Arabia has approved 659 projects valued at SR20.89bn during the first quarter of this year,

Tourism revenues in Saudi Arabia hit SR38bn
The tourism sector in Saudi Arabia contributes 6.6% in non-oil GDP to the kingdom's economy, achieving revenues of nearly SR38bn. The hospitality sector saw a significant increase in the number of rooms, with an occupancy rate of over 60% or 250

Housing to boost Saudi inflation in Q1
.Housing will help keep Saudi Arabia's inflation rising during the first quarter, but it will remain below 1.5%

Saudi real estate investment to top $129bn
Investment in Saudi Arabia’s real estate market is likely to top $129bn in the next three years, according to the head of the kingdom’s chambers of commerce.

Saudi Arabia announces the largest budget in its history
Saudi Arabia has announced its 2010 budget, the largest in its history, with SR540bn for public spending from predicted revenues of SR470bn added to a deficit of SR70bn. The kingdom's actual income in 2009 stood at SR505bn, which, with record spending

Rents likely to rise in Saudi, says official
.The director of Saudi Arabia's general housing authority has said that the kingdom is expected to see a further rise in residential rents next year despite government plans to alleviate a chronic housing shortage in the country,.

Saudi businesswomen leave SR50bn of assets unused
Despite the fact that Saudi businesswomen own approximately 20,000 small and medium businesses, the amount of their funds that remain unused in banks in Saudi Arabia is estimated at around SR50bn, due to the reluctance of female entrepreneurs to seize investment

Saudi construction sector 'stable'
The Saudi Arabian civil construction industry is stable and has escaped the worst of the global economic crisis, according to a new report by Proleads Global.

Saudi housing market facing mid-income unit shortfall
Pressure on Saudi Arabia's housing sector continues to grow as demand for low-income housing rises unabated. Luxury housing projects in the capital Riyadh, Jeddah, Mecca and the Eastern Province ostensibly point to a vibrant housing market. But the reality is

Saudi forecasts real estate growth
Saudi Arabia's real estate sector contributed an estimated 5.1%, or SR55bn, of the kingdom's GDP, amid expectations of future growth at an annual rate of 5.8% by the end of the eighth development plan in 2009. The sector is expected to