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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Realty sector’s success hinges on GDP growth

  • Saudi Arabia has unveiled the MENA region's inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.
  • The Kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.

Riyadh, Saudi Arabia — Saudi Arabia’s real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom’s Minister of Housing, Majid Al-Hogail. He told the Real Estate Future Forum in February that kingdom’s residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.

In its pursuit to raise the percentage of home ownership to 70 percent by 2030, Saudi Arabia’s Real Estate Development Fund last December launched a program to provide short- and medium-term financial facilities to real estate finance companies, which will in turn facilitate the kingdom’s initiative to provide affordable housing to its residents.

In a groundbreaking move, Saudi Arabia has unveiled the MENA region’s inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.

The exchange isn’t just a platform for buying and selling real estate. It promises a comprehensive suite of services, from mortgage and real estate financing to bond issuance.

Driven by these measures and a strong economic growth, the sector continued to thrive in the second quarter of this year: