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Adeer Real Estate Puts Heteen Palaces up for Auction

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Adeer Real Estate Puts Heteen Palaces up for Auction

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Arabia’s Adeer Real Estate Company has put up for auction a property belonging to the struggling Saudi Oger.

The land spans approximately 484,000 square meters in the capital, Riyadh.

Adeer set March 28 as the deadline for receiving bids on the Hateen Palaces lands. They will be announced on March 31.

CEO of Adeer Mutab Al Saad said real estate in Riyadh is one of the best investments in the country since the capital is constantly developing and attracting mega-projects, making it a destination for global companies.

Development projects in Riyadh, which are part of Vision 2030, aim to bolster the capital’s position as a prime destination for investment, by supporting its human potential and construction and economic foundations, with the aim of transforming it into one of the best cities in the world in terms of quality of life, he added.

Heteen Palaces, he continued, are one of the most promising investment projects in Riyadh given their strategic location in one of its most upscale and vibrant neighborhoods.

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Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
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Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)

A delegation from Türkiye's energy ministry will visit Syria "soon" to discuss possible energy cooperation including transmitting electricity to ease power shortages, Energy Minister Alparslan Bayraktar said late on Monday.
Türkiye, which backed Syrian opposition fighters who toppled President Bashar al-Assad this month after a 13-year civil war, has reopened its embassy in Damascus and its intelligence chief and foreign minister have met with de-facto leader Ahmed al-Sharaa.
Erdogan last week said that Ankara would do whatever necessary for the reconstruction of Syria, including improving energy ties.
"A delegation from the Energy Ministry will visit Syria as soon as possible and will conduct examinations on electricity and energy infrastructure of Syria," Bayraktar told reporters, according to Reuters.
The Turkish delegation will also discuss energy cooperation with the new Syrian government and Türkiye's possible assistance on the issue, Bayraktar added.
"The main problem in Syria in the field of energy is the electricity (shortage) at the moment. A formula will be sought (for Türkiye) to provide electricity to Syria," he added.
Türkiye currently provides electricity to some parts of northern Syria where it has mounted four military operations since 2016.