• Qiddiya to award $2.6bn contracts for mega Saudi project


    Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom's sovereign wealth fund, is set to award SR10 billion ($2.66 billion) contracts this year to speed up the construction of its mega entertainment and sports project in the capital Riyadh.

  • Najran Cement completes Banque Saudi Fransi loan payment


    Najran Cement Company has paid the remaining amount of SR45 million ($12.2 million) in existing loan it had with Banque Saudi Fransi (BSF) - towards financing the company's waste heat recovery (WHR) project - ahead of its June 30, 2021 deadline.

  • Mass exodus of expat workers hits Kuwait property market


    With thousands of expatriates leaving Kuwait along with their families over the Covid-19 pandemic and the government's strict implementation of nationalisation policy, the biggest casualty has been the country's real estate sector, said a report.

  • Ministry sets up panel for Dubai real estate experts' accreditation


    The UAE Ministry of Justice and the Dubai Real Estate Institute (DREI) have set up a committee to test applicants for registration in the real estate experts’ roster at the ministry and work to prepare training programmes for those who pass these tests.

  • Faithful+Gould helps Modon deliver mosque projects in record time


    Faithful+Gould, a member of the SNC-Lavalin Group, said it has played a key role as project manager to help Abu Dhabi master-developer Modon deliver five mosques in Riyadh City in the UAE capital as part of the Phase One of the programme.

  • SWPC issues RFP to bidders for two major Saudi sewage plants


    Saudi Water Partnership Company (SWPC) has announced that request for proposals has been issued to all the five qualified bidders for the development of its two key independent sewage treatment plants (ISTPs) at Buraydah and Tabuk regions of the kingdom.

  • Schneider, Cisco partner to bridge operational technology


    Schneider Electric, the leader in digital transformation of energy management and automation, and Cisco have formed a technology partnership designed to help drive major advances in making smart buildings the standard.

  • DP World assembles first container HBS system

    INTELLIGENT STACKING
    DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, has completed assembly of the world's first container High Bay Store (HBS) system at Jebel Ali Port.

  • Saudi SWCC desal plant becomes operational in record time


    Saline Water Conversion Corporation (SWCC) said its 42,500 cu m/day-capacity Al Shaqeeq Desalination Plant has become operational in record time and well ahead of schedule. Work on the project began in December and was completed in only six months.

  • China's Terminus Tech signs long-term Dubai District 2020 deal


    China-based Terminus Technologies, a leader in AI and robotics has been named Expo 2020 Dubai’s latest premier partner and has signed a long-term lease at District 2020 as part of the innovation ecosystem that will evolve after the event.

  • Amlak International launches IPO for 30pc of share capital


    Saudi Arabia-based Amlak International for Real Estate Finance today launched its initial public offering (IPO) representing 30 per cent of the company’s share capital at a share price of SR16 ($4.26) on the Saudi Stock Exchange (Tadawul).

  • Bahrain medical complex car-park work 95pc completed


    Bahrain Real Estate Investment Company (Edamah) has announced that 95 per cent of the work on the multi-storey car-park within the Salmaniya Medical Complex has been completed and is due to be inaugurated on August 1.

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Construction News

Qiddiya to award $2.6bn contracts for mega Saudi project

Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom's sovereign wealth fund, is set to award SR10 billion ($2.66 billion) contracts this year to speed up the construction of its mega entertainment and sports project in the capital Riyadh....



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