Saudi's Dar Al Arkan consortium wins $2bln land auction in Jeddah
A consortium comprising Saudi-listed Dar Al Arkan Real Estate Development Company has won a real estate deal worth 4.46 billion Saudi riyals ($1.18 billion) in Jeddah.
The consortium included Kenzi Al Arabiya Company and a group of investors, the developer said in a statement to the Saudi stock exchange on Monday.
The consortium acquired Orchid Land in one of the largest real estate auctions in Saudi Arabia this year, the statement added.
The land is located in Jeddah and covers an area of one million square metres.
No real estate development plans were revealed.
The deal is likely to positively impact Dar Al Arkan's revenues from the second quarter of 2025.
Dar Al Arkan is the majority shareholder in the London-listed international developer Dar Global.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Egypt plans to expand electricity interconnection capacity with Jordan
Egypt is planning to issue a tender to appoint a global consultant to upgrade the electricity interconnection line with Jordan to 2 gigawatts (GW). The tender is likely to be offered during the second half of 2025, Ashraq News reported citing unnamed sources. The current capacity is 500 megawatts (MW), which is being exchanged via a 400-kilovolt submarine cable implemented in 1999, the report said. The consultant will conduct technical studies as part of the eight-country power interconnection project, which includes Egypt, Jordan, Iraq, Lebanon, Syria, Libya, Turkey, and Palestine. The project is being undertaken in coordination with Jordan, the report said. Construction is underway on a 3GW interconnection project between Egypt and Saudi Arabia at an estimated cost of $1.8 billion. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
4 hours ago
- Zawya
Suncombe expands SUNpH range with compact pH neutralisation systems for new build and retrofit laboratories
London, UK – Suncombe, a global leader in waste decontamination and critical process systems, has unveiled its latest innovation: a Compact pH Neutralisation System – a game-changing solution for laboratories with limited space but high compliance demands. As laboratory projects accelerate not only across the UK but also in rapidly growing markets like the United Arab Emirates, construction teams and facility operators are turning to the trusted SUNpH™ range to ensure reliable, regulation-ready effluent management. Having long set the standard for large-scale pH neutralisation systems in production environments, Suncombe is now responding to growing demand from laboratory developers, fit-out contractors, and MEP consultants, both in the UK and GCC, for smaller, smarter, and more flexible systems. 'We've always delivered industrial-strength performance,' said Steve Overton, Technical Director at Suncombe. 'Now we're delivering it in a compact, lab-friendly format – without compromising on compliance, quality, or monitoring.' The Importance of pH Neutralisation in Laboratory Construction Whether it's a state-of-the-art pharmaceutical lab in Dubai, a biotech incubator in Abu Dhabi, or a healthcare testing facility in Sharjah, managing liquid waste safely is essential. pH neutralisation systems treat acidic or alkaline waste before it enters public sewers or on-site treatment plans, ensuring: Environmental Protection: Preventing pollution of watercourses and ecosystems Regulatory Compliance: Meeting UK water authority discharge limits and avoiding fines Safety: Reducing chemical hazards to staff and facilities Infrastructure Longevity: Protecting drainage systems from corrosive damage Reputational Value: Demonstrating sustainable waste practices to stakeholders Introducing the New Compact SUNpH™ System: Big Innovation in a Small Package What it does Suncombe's new compact pH Skid units bring your lab's liquid waste back to a neutral pH range, ready for safe discharge. Ideal for smaller-scale waste volumes, these systems are perfect for retrofit or modular installations in tight plantroom or under-sink locations found in many modern UAE laboratories. What it's made from Available in a choice of materials to suit your budget and chemical compatibility: 316 Stainless Steel: The industry classic Duplex Stainless Steel: For enhanced corrosion resistance Thermoplastics: Lightweight and cost-effective options Built to GMP Standards Even though GMP isn't always required for waste streams, Suncombe applies its GMP design philosophy across all systems — ensuring cleanability, robustness, and regulatory peace of mind. Tested & Trusted All systems undergo a comprehensive Factory Acceptance Test (FAT) before shipment. UAE customers are welcome to witness the process virtually or in person. Upon delivery, the team completes a Site Acceptance Test (SAT) to ensure flawless performance in your live facility. Remote Monitoring, Elevated Suncombe's upcoming mobile interface will allow real-time remote monitoring via phone or tablet. With continuous data tracking — including flow, temperature, pressure, pH, power consumption — your records are 21 CFR Part 11 compliant and fully traceable. Why Construction Professionals in the UAE Are Choosing SUNpH™ For new build and refurbishment projects in the UAE's fast-evolving healthcare, education, biotech, and research sectors, the SUNpH™ system offers unmatched benefits for designers, contractors, and end users: Plug-and-Play Installation: Pre-assembled and factory-tested for rapid deployment Compact Footprint: Perfect for tight spaces in labs and plantrooms Compliance Assurance: Aligns with UK and international environmental discharge standards Data Integrity: FDA-compliant electronic records for audit-readiness Customisable Designs: Tailored to specific flow rates and waste chemistries Applications Across Sectors in the UK and UAE SUNpH™ systems are trusted across the UK's most demanding sectors and are well suited to meet the compliance and innovation needs of the UAE market: Pharmaceuticals: For high-integrity waste treatment in R&D labs and production lines Biotechnology: Supporting safe discharge from processing and testing operations Chemical Manufacturing: Managing extreme pH waste with precision Food & Beverage: Treating rinse and cleaning waste for sewer compliance Healthcare & Diagnostics: Ensuring lab waste neutrality in diagnostic and pathology labs About Suncombe Established in 1961, Suncombe is a UK-based engineering firm specialising in CIP, effluent decontamination, and contained process systems for life sciences, healthcare, and high-tech industries. With in-house design, manufacturing, and validation services, Suncombe delivers robust, compliant systems engineered to meet the most demanding facility requirements. Ready to bring your lab's waste stream into balance? Visit or contact enquiries@ to learn more about the new Compact SUNpH™ system and how it can support your construction or upgrade project.
Campaign ME
4 hours ago
- Campaign ME
Brand building needs more than just algorithms
Why have so many brands abandoned the dream phase of communications planning? For too long, brands have been chasing short-term wins, obsessing over conversions and putting brand building in the back seat. According to a survey by Ebiquity and the World Federation of Advertisers (WFA), 42 per cent of global advertisers plan to increase their share of performance marketing in 2025, up from 21 per cent in 2024. In contrast, only 24 per cent intend to increase their share of branding efforts. This shift is driven by the need for immediate results and the growth of retail media and connected TV. It is understandable. The lower funnel means numbers I can show in a boardroom full of big questions. I wish I could count the times I've heard, 'they're easy to measure', 'they're quick to optimise' or 'they build momentum'. Do you mean the illusion of momentum? Because real momentum means real growth. Real growth never comes from tactical wins alone. For decades, what has been – and most likely always will be – real growth comes from building brands that inspire, connect and endure. Take destinations, for example. They exist in people's imaginations for a long time before they watch a 'Top 10 Things To Do' video or visit People form a relationship with a destination long before they even get there, through billboards, videos, influencers and even films and TV shows. There's a deep connection that's forged through powerful storytelling and immersive brand presence over time. It's through emotional resonance that withstands the clutter of flash sale banners or retargeted ads and comes out on top. Why? Because a destination isn't just a place you're trying to sell; it's a feeling you're unlocking. Feelings aren't bought with performance metrics alone. They can, however, be earned through brand building. This isn't to say brand and performance are opposing forces. In fact, it's often overlooked that they are partners – and when they work together, innovation can thrive. Put simply, a brand builds desire; performance captures it. Having one without the other is like trying to ride a bicycle on one wheel – it's not impossible, it just won't get you there optimally. This is particularly important, given that we have entered a new media reality. To inspire and to derive action are no longer conveniently sitting in separate stages of the funnel. Look at today's audiences: they expect to be moved and motivated, often in the same scroll. Content needs to inspire and convert in one experience. Those who have crafted that balance are leading the way. In the past few years, Visit Saudi has done an excellent job of building a brand, a dream, a destination – and they've done this at speed. They have a clear vision statement: 'To inspire pride by sharing Saudi with the world, captivating their hearts, minds and imaginations.' In my opinion, they've delivered on that ambition. It's noticeable through their immersive content and unique messaging that have built a strong narrative. This transformed the tourism landscape and turned travellers' heads towards Saudi, creating the type of consideration that has taken other destinations an entire generation to build. It's evident when you look at Saudi Arabia's Ministry of Tourism data. Even with Covid pausing travel for two years, Saudi still saw 44.06 million inbound visitors in 2022 and 2023. This is a testimony to the 'bothism' that we see in industry commentary, and indeed to the large body of evidence that speaks to both long- and short-term investments. Companies that continue to invest in brand – especially during challenging times – are the ones that will bounce back faster, stronger and with greater loyalty from consumers who already feel emotionally connected. Without a strong presence to anchor the strategy, the funnel eventually dries up, and no amount of retargeting will save a brand people have forgotten – or never cared about in the first place. Many brands such as adidas, Uber and Airbnb have jumped back on the brand-building wagon and have reaped the rewards. These are brands that continue to build not just awareness, but advocacy. Not just bookings, but belief; not just visits, but lifelong memories. There are no shortcuts in this journey. To get to their destination in the best conditions, brands need to marry the performance focus in the lower funnel with activating the dream state in the upper funnel. Ephemeral sales may come from algorithms, but durable brand appeal is built on emotion. Brands need both to thrive sustainably. By Sara Daher, Executive Director, PHD Media
