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Your Weekly Round Up
Red Sea Global Sells 50% of Nammos Branded Apartments at AMAALA in Two Weeks
The Suadi Boom
December 20, 2025
YOUR WEEKLY ROUNDUP
In case you missed this weeks latest developments in the growth of Saudi Arabia we’ve compiled the best articles for you.
In Today’s Edition:
Red Sea Global Sells 50% of Nammos Branded Apartments at AMAALA in Two Weeks
Jeddah Tower Reaches 80 Floors to Dethrone Dubai’s Burj Al Khalifa Soon
Saudi Arabia and Qatar Sign Agreement to Build 785 km High Speed Electric Rail Project
Saudi Arabia Launches Saudi Properties Platform Ahead of Non Saudi Property Ownership Law
RED SEA GLOBAL
✨Red Sea Global Sells 50% of Nammos Branded Apartments at AMAALA in Two Weeks
Red Sea Global (RSG) has achieved a major sales milestone, selling 50% of its Nammos branded apartments at the ultra-luxury AMAALA destination within just two weeks of their launch.
Key Takeaways:
Half of the Nammos branded apartments were sold within 14 days of hitting the market, signaling strong investor confidence in the AMAALA project.
Residential options at AMAALA cater to ultra-high-net-worth individuals, with prices starting at SAR 4.5 million for luxury apartments and reaching up to SAR 400 million for the most exclusive, high-end villas.
The project is a core part of the Red Sea development initiative, aiming to establish Saudi Arabia's northwest coast as a global hub for wellness, luxury, and sustainable tourism.
The swift sale of 50% of the Nammos branded apartments at AMAALA demonstrates the significant appeal of Saudi Arabia's burgeoning luxury real estate market. Read more
HOSPITALITY
✨Jeddah Tower Reaches 80 Floors to Dethrone Dubai’s Burj Al Khalifa Soon
The Jeddah Tower has officially reached the 80-floor milestone, signaling its rapid ascent toward becoming the world’s first skyscraper to exceed 1,000 meters (1 km) in height.
Key Takeaways:
Since work restarted, the tower has been rising at a rate of one floor every 3 to 4 days. The concrete core is now over 50% complete.
Upon completion, the tower will stand at over 1,000 meters, surpassing the Burj Khalifa by approximately 172 meters.
The megastructure will house the world’s highest observation deck, a luxury Four Seasons Hotel, high-end serviced apartments, and sophisticated office spaces.
The Jeddah Tower's reach to 80 floors marks a definitive turning point for the project after years of hiatus. With a target completion date of 2028 and a construction budget estimated at $26 billion, the "kilometer-high" tower is set to redefine the global skyline. Read more
TRAVEL
✨Saudi Arabia and Qatar Sign Agreement to Build 785 km High Speed Electric Rail Project
Saudi Arabia and Qatar have signed a landmark agreement to construct a 785-kilometer high-speed electric railway connecting the capitals of Riyadh and Doha.
Key Takeaways:
It is designed to exceed speeds of 300 km/h, reducing the travel time between Riyadh and Doha to approximately two hours.
The destination is built on a "coastal lifestyle" concept rooted in wellness and well-being, aiming to set a new standard for holistic luxury.
The project aligns with Saudi Vision 2030 by significantly boosting regional connectivity, supporting trade, increasing tourism, and diversifying the economy.
Saudi Arabia and Qatar have formalized an agreement to build a 785 km high-speed electric railway, a major infrastructure project set to cut travel time between Riyadh and Doha to about two hours. Read more
REAL ESTATE
✨Saudi Arabia Launches Saudi Properties Platform Ahead of Non Saudi Property Ownership Law
The Real Estate General Authority (REGA) of Saudi Arabia has launched a new official digital platform called Saudi Properties to facilitate real estate ownership for non-Saudi nationals, ahead of the new Non-Saudi Property Ownership Law taking effect in January 2026.
Key Takeaways:
Ability to communicate directly with property developers.
A database of available properties across various Saudi cities.
Saudi Properties provides a seamless digital experience for non-Saudis to browse properties, manage ownership, and submit applications.
Saudi Arabia is strategically opening its property market to international investors with the launch of the "Saudi Properties" digital platform. Read more
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