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Saudi Arabia begins securing financing agreements for various NEOM developments

Archinect

The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Saudi Arabia's megaproject Neom is seeking to raise 10 billion riyals ($2.7bn) in loans, according to a report in Bloomberg published on Monday.

Finances 246
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A utopic city, monument to a president's ego, maybe just a future "jungle resort"

Archinect

It is estimated that the construction of Nusantara will cost $38 billion, with 20 percent of that coming from the Indonesian coffers.But the vast majority of the metropolis – 80 percent of it – is to be financed by private investments. This mega-project is more than just a city but a new capital region.

Cities 162
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Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Additionally, a part of the financing plan includes charging the developers of the 10 skyscrapers planned for the site a fee instead of collecting city real estate taxes.

Finances 246
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A proposal for the second-tallest building in North America sneaks forward in Oklahoma City

Archinect

Oklahoma City could soon be home to the country’s second-tallest structure if plans for a new 1,750-foot skyscraper designed by the California practice Architects Orange (AO) are approved along with a larger $1 billion entertainment district proposal from developer Scot Matteson. Image render courtesy AO. "We

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Fortune Farm Store / MuseLAB

ArchDaily

Courtesy of MuseLAB architects: MuseLAB Location: Road Number 11, Gujarat International Finance Tec-City, Pirojpur, Gujarat 382355, India Project Year: 2023 Photographs: Courtesy of MuseLAB Area: 1000.0 ft2 Read more »

Finances 339
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Casablanca Finance City Tower becomes Morphosis’ first project in Africa

BD+C

The 25-story Casablanca Finance City Tower has become the first project to be completed in the newly-established Casablanca Finance City, a new business district being developed in Morocco's Anfa District.

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Diller Scofidio + Renfro/Sheppard Robson's London Centre for Music replacement inches closer after planners grant local approval

Archinect

The revised Diller Scofidio + Renfro and Sheppard Robson -led scheme at the Barbican in Central London reportedly gained planning approvals from the City of London ’s planning body. Previously on Archinect: Diller Scofidio + Renfro unveil designs for London Centre for Music replacement Yahoo!

Finances 290