article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Form followed finance in 2021, for better and for worse

Archinect

2021 was a year where form continued to follow finance. Throughout the year, our coverage included many examples of the world’s largest architecture firms designing for some of the world’s largest companies.

Finances 274
article thumbnail

A4 Guide: Financing your Project

A4 Architects

Financing A Project Diagram Let me preface this article by stating I am an architect and not an accountant or a finance professional, but without a proper financial foundation for a project, it cannot happen. –Financial situation: Evaluate your savings, credit score, and risk tolerance before opting for debt-based financing.

article thumbnail

India is taxing cryptocurrencies to finance its push for new infrastructure

Archinect

The country’s Finance Minister Nirmala Sitharaman said the package includes $2.68 Hopes are that the investment in building projects will create employment opportunities which will thus pour money back into the economy. Current forecasts have India’s GDP growing at an 8% rate for the fiscal year.

Finances 245
article thumbnail

Greater Bay Area Technology Finance Centre

e-architect

Greater Bay Area Technology Finance Centre Guangzhou Building, Architect, GDD Holding Group Project Design News. Greater Bay Area Technology Finance Centre Guangzhou. Greater Bay Area Technology Finance Centre Guangzhou Building. Greater Bay Area Technology Finance Centre, Guangzhou – Building Information.

article thumbnail

Heatherwick Studio Opens "Building Soulfulness" Exhibition in Shanghai

ArchDaily

Courtesy of Fosun Foundation Heatherwick Studio’ s exhibition “Building Soulfulness” just opened at the Bund Finance Center in Shanghai. The exhibition is taking place at the Fosun Foundation inside the Bund Finance Center, which was designed by Heatherwick Studios and Foster + Partners back in 2017.

Finances 293