It is expected that rentals will remain unchanged until this new space (at ITCC
and KAFD) enters the market in late 2015 and into 2016, at which time rentals in the existing stock are expected to soften.
2 billion Riyals for the development of the ITCC
project, a community designed to attract and host advanced technology, information and communication companies providing them a platform to establish their regional operations in Saudi Arabia.
The 17 Parcels, also a part of ITCC
, consists of long span canopies, large sunshade screens and intricate structural steel frames with complex shapes.
Commenting on the Riyadh report, John Harris, head of Jones Lang LaSalle's Riyadh office noted: "Continued take up in ITCC
and Riyadh Business Gate shows that there remains active demand for new high quality office space in Riyadh.
in Riyadh is one of Schneider Electric's ambitious largest and most important ongoing projects.
, the flagship firm of Doha's Sasco Group of Companies completed the QR76mn project in record 22 months.
Consistent with the name change, effective December 6, 2010, the Company's trading symbol will change from HBDT to ITCC
By contrast to both these areas, a number of business park projects that have recently emerged in northern Riyadh such as Granada Business Park, ITCC
and Riyadh Business Gate have proved extremely popular, notes the CBRE report.
In Riyadh, the take up of space in office projects due to complete later this year (eg: ITCC
and Riyadh Business Gate) shows the continued demand for office space in the capital.
In Saudi Arabia, the Madinah opening will be followed by the 326-key Crowne Plaza Riyadh - ITCC
and the 283-room Holiday Inn Riyadh Meydan before the end of 2013.
According to ITCC
managing director James K Chacko, the honour was bestowed on ITCC
for constructing sustainable projects.
The refereed contributions to the book were originally presented at the ITCC