Tuesday, May 12, 2026
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Tag: CONSTRUCTION

Construction & Real Estate

ALEC Holdings posts $1.25bn Q1 revenue, up 87%; net profit doubles

ALEC Holdings, a market-leading diversified engineering and construction group with operations focused on large-scale, complex and iconic buildings and energy projects in the UAE and the KSA, reported a strong set of results for the first quarter ended March 31, 2026 (Q1 2026)....

Construction & Real Estate

Ritchie Bros. launches expanded spring auction calendar

Ritchie Bros., an RB Global company and a leader in asset management and equipment disposition across Europe and Middle East, is preparing for an expanded auction calendar with the arrival of spring, following a record-breaking first quarter....

Construction & Real Estate

Hira boosts RAK presence with new factory, warehouse facility

Hira Industries, a global manufacturer and supplier serving the construction sector since 1980, has expanded its operations at Ras Al Khaimah Economic Zone (Rakez) with the addition of a new factory and warehouse facility at Al Ghail Industrial Zone. ...

Construction & Real Estate

ACC undertakes delivery of 500 Ramhan Island luxury villas

Arabian Construction Company (ACC) has announced that work is underway on 500 luxury villas being developed by Eagle Hills as part of the landmark Ramhan Island development, situated off the coast of Abu Dhabi. Spanning over 4 million sq m, Ramhan Island is designed as a premier waterfront destination. ...

Construction & Real Estate

Majid Al Futtaim awards main contract for Distrikt Ghaf Woods

Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group. ...

Construction & Real Estate

Tunnelling works for $5.58bn Dubai Metro Blue Line launched

The primary tunnelling works for the AED20.5 billion ($5.58 billion) Dubai Metro Blue Line project was launched on Sunday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai....

Construction & Real Estate

NMDC to showcase industrial expertise at Make it in Emirates 2026

NMDC Group, a global leader in engineering, procurement and construction (EPC) and marine dredging, has signed up as the Enablement Partner for the fifth edition of Make it in the Emirates, the UAE’s national platform for industrial growth and transformation, which kicks off on May 4. ...

Construction & Real Estate

El Seif first in KSA to win ISO 56001 Innovation Management Kitemark

Leading construction and engineering firm El Seif Engineering Contracting has become the first organisation in Saudi Arabia to achieve certification to BSI ISO 56001 Innovation Management Kitemark. This complements El Seif’s existing Building Information Modelling (BIM) and Smart Cities Kitemark. ...

Construction & Real Estate

DHG Properties breaks ground on its second residential project in Dubai

DHG Properties, the Dubai-based developer and part of Swiss real estate and construction group DHG, has officially broken ground on Helvetia Verde, its second residential development in Dubai. Set for handover in Q1 2028, it features 108 residences with a mix of one-, two- and three-bedroom homes. ...

Construction & Real Estate

Emirates Stallions Group nets solid Q1 growth; revenue up 11pc

Emirates Stallions Group, a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators. Its revenue for the three-month period hit AED370 million ($100 million), while its net profit recorded a 29% growth. ...

Construction & Real Estate

Dubai Investments unit achieves key safety milestone at RAK project

Dubai Investments said its real estate subsidiary Dubai Investment Real Estate (DIR) has achieved a major milestone at its flagship Danah Bay development on Al Marjan Island, Ras Al Khaimah, by clocking 2 million safe working man-hours without a Lost Time Injury (LTI) across the residential and hotel towers. ...

Construction & Real Estate

Construction sector eyes AI to tackle daily workload pressures, says study

Majority of construction professionals (58%) believe AI could help reduce workload across their two biggest challenges - keeping projects on schedule and managing mid-project changes - while 65% believe AI could streamline their biggest administrative time drains, according to a new study. ...

Construction & Real Estate

NMDC Energy posts solid Q1 results; revenue surges 33pc to $1.36bn

NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, delivered a solid performance in Q1 with its revenues surging 33% to hit AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog. ...

Construction & Real Estate

Epiroc unveils new hydraulic breaker with smart maintenance features

Epiroc, a global productivity partner for mining and construction, has unveiled its new EC 122 hydraulic breaker, engineered to deliver improved handling, extended service life, and simplified maintenance. The new model is 80 kg lighter than its predecessor, reducing overall carrier load and improving maneuverability ...

Construction & Real Estate

Steel, construction projects lead $519m industrial push in Oman

Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report. ...

Construction & Real Estate

Mered advances deep foundation works on Abu Dhabi waterfront project

UAE developer Mered has announced a major construction milestone at Riviera Residences, its flagship waterfront project on Al Reem Island, as the project enters deep foundation and piling works. On completion, it will feature over 400 apartments and 11 exclusive villas, including sky villas, ocean villas and a penthouse. ...

Construction & Real Estate

Riyadh's Second Southern Ring Road Project 27pc completed

The Royal Commission for Riyadh City (RCRC) has announced steady progress on the 56-km Second Southern Ring Road Project with 27% of the work already completed. The project scope includes 10 main intersections, 32 flyovers and bridges as well as 20 tunnels and 77 stormwater culverts. ...

Construction & Real Estate

Tabreed awards EPC contract for key Bahrain district cooling project

Tabreed Bahrain, a leading provider of sustainable district cooling solutions in the kingdom, has appointed Arabian International Company as the engineering, procurement and construction (EPC) contractor for the expansion of its chilled water network in the northern seafront area of Manama. ...

Construction & Real Estate

HFCL, Al Ghanim launch IO portfolio in Kuwait to back construction, oil & gas projects

HFCL, a key provider of GenNext communications technologies, has announced the availability of its IO portfolio in Kuwait through Alghanim Engineering in collaboration with Bahrain-based Northstar Technology Company. These solutions are well positioned to support projects across construction, oil & gas and utilities. ...

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