Tuesday, October 6, 2026
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Tag: Saudi Arabia

Construction & Real Estate

New fund to invest $267m in Saudi workforce housing

Mnzil, Saudi Arabia’s first and leading tech-enabled workforce housing platform, The Development Group (TDG) and Capital Partners have launched a real estate fund to invest SAR1 billion ($267 million) in developing purpose-built compounds housing up to 50,000 workers across the Kingdom. ...

Construction & Real Estate

L&T secures power transmission orders across Saudi Arabia, UAE, India

Larsen & Toubro’s (L&T) Power Transmission & Distribution business has secured multiple EPC orders across Saudi Arabia, the UAE and India. Projects include 380 kV transmission and substations in Saudi Arabia, 132/11 kV substations in the UAE, and transmission lines and substations in Visakhapatnam, India....

Construction & Real Estate

Alwasail Industrial secures supply contract for Riyadh Sports Boulevard

Saudi Arabia’s Alwasail Industrial Company has announced that it has secured a key contract from Saudi group Almabani to supply materials for the Sports Boulevard project in Riyadh. The entire contract work will be completed within a one-year period starting from the date of supply. ...

Construction & Real Estate

Al Othaim unveils $4.3bn Saudi real estate investment plans

Saudi-based Abdullah Al Othaim Investment Company has launched a dedicated real estate development arm, Al Othaim Developments, with plans to invest over SAR16 billion ($4.27 billion) in about 10 projects comprising 8,000 residential units across several Saudi cities over the next two years. ...

Construction & Real Estate

Oberoi unveils plans for luxury resort in Saudi Arabia’s Wadi Safar

Oberoi Hotels & Resorts has announced The Oberoi Sukoonvilas, Wadi Safar, a luxury resort under development in Diriyah, northwest of Riyadh. Scheduled to open in Q1 2027, the property will become the first hotel to welcome guests in Wadi Safar, an emerging Saudi tourism destination....

Construction & Real Estate

Gotion wins 75pc of Saudi Arabia's first utility-scale BESS tender

Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals. ...

Construction & Real Estate

Saudi Arabia opens vital lanes along the Third Ring Road

Saudi authorities have announced the opening of several newly developed lanes along the Third Ring Road and Prince Saud Al Faisal Road following a major expansion programme. The scope of work includes an additional 1.5-km stretch on the Third Ring Road that will help cut travel times by over 90%....

Construction & Real Estate

Saudi construction costs up 2.3pc in August, says report

The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%. ...

Construction & Real Estate

Saudi Arabia’s FM market worth over $50bn: Minister

Saudi Arabia's facility management market is worth more than $50 billion and its size reflects opportunities to maximise asset value, improve urban efficiency, and develop a nationally competitive sector with a global reach. ...

Construction & Real Estate

Work completed on 136-m-long walkway in Saudi Arabia

Saudi Arabia's Al Baha Municipality has completed the work on a 136-m-long walkway in Bani Hasan as part of its efforts to improve public spaces across the kingdom and support local commercial activity. The Al Ronq Walkway combines pedestrian paths with investment kiosks. ...

Construction & Real Estate

Saudi RGA expands recycled demolition waste road project to Riyadh, Jeddah

Saudi Arabia's Roads General Authority (RGA) expanded its initiative to process and reuse building demolition waste in asphalt mixes to Jeddah, Riyadh, and Al Muzahimiyah, following the construction of the world's first road using such material in Al Ahsa Governorate, said a report. ...

Construction & Real Estate

Saudi Arabia approves 4,310 sq km nature reserve near Riyadh

Saudi Arabia's Cabinet has approved the establishment of the Imam Abdulrahman bin Faisal Nature Reserve, a protected area covering 4,310 sq km across Dhurma, Al Muzahimiyah and surrounding areas. The reserve features the Tuwaiq Mountains, sand dunes and traditional rural landscapes. ...

Construction & Real Estate

Saudi cement sales stay stable in August, exports weaken

Saudi Arabia’s cement sector saw sales remain broadly stable year-on-year in August, but monthly volumes edged lower as weaker exports offset modest growth in the domestic market, according to an Al Rajhi Capital sector update....

Construction & Real Estate

Gamra Mountain Resort by Mantis opens in Al Baha, Saudi Arabia

Gamra Mountain Resort by Mantis has officially opened in Saudi Arabia’s southwestern highlands of Al Baha, marking the Saudi debut of Mantis Collection, Accor’s community and conservation-focused hospitality brand....

Construction & Real Estate

Turner & Townsend names new KSA Head of Infrastructure

Global programme manager Turner & Townsend has appointed Leila Taghavi as its new Head of Infrastructure in Saudi Arabia, as the business benefits from a rise in major programmes across the Middle East driven by national plans for transformation. ...

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