Tuesday, August 11, 2026
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Tag: Saudi

Construction & Real Estate

Knowledge Economic City in deal to develop $359m mixed-use project

Knowledge Economic City (KEC) has signed an agreement with Saudi group Alrashid Properties to develop a premium mixed-use project - the Multaqa Residences - in Madinah on a 149,520 sq m area. The SAR1.35 billion ($359 million) project will boast branded residences as well as retail and hospitality assets. ...

Construction & Real Estate

Cenomi Centers boosts funding for landmark Riyadh lifestyle project

Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support....

Construction & Real Estate

Italian group Danieli wins Saudi steel billet production plant contract

Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029. ...

Construction & Real Estate

Halliburton wins multi-year Aramco gas development contract

Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme. ...

Construction & Real Estate

Saudi PIF, I Squared Capital sign $2bn infrastructure deal

Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies. ...

Construction & Real Estate

Mitsubishi Power lands boiler supply contract for key Saudi project

Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia. ...

Construction & Real Estate

Umm Al Qura signs deal to sell three prime Makkah residential plots for $118m

Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million). ...

Construction & Real Estate

Almabani consortium secures King Salman airport project contract

Leading Saudi contractor Almabani, along with its consortium partners - CarbonCure, a Canadian clean technology company and Spanish construction group FCC - has been awarded the contract to supply lower carbon concrete for the mega King Salman International Airport (KSIA) project in Riyadh. ...

Construction & Real Estate

Jabeen in deal to build 200 residential villas in Saudi industrial city

Jubail and Yanbu Industrial Cities Services Company (Jabeen) has sealed an agreement with Yanbu Aramco Sinopec Refining Company (Yasref) for the funding and construction of 200 residential villas in Yanbu Industrial City, in partnership with the Royal Commission for Jubail and Yanbu. ...

Construction & Real Estate

Saudi residential, infrastructure projects drive construction growth in June

Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report. ...

Construction & Real Estate

Saudi Arabia's June project awards top $7.9bn, says report

Saudi Arabia awarded 25 projects in June 2026 — the highest monthly total during the year — valued at more than SAR29.5 billion ($7.9 billion), reported SPA, citing official data. Of this, the construction sector accounted for the largest share, with 14 projects worth more than SAR20.6 billion ($5.4 billion). ...

Construction & Real Estate

Nesma lands King Abdullah Economic City infrastructure contract

Saudi developer Emaar, The Economic City has announced that it has awarded an infrastructure construction contract worth SAR547.4 million ($146 million) to Nesma & Partners for key projects within the Special Economic Zone in the Industrial Valley of King Abdullah Economic City (KAEC). ...

Construction & Real Estate

Red Sea International secures Madinah site for mixed-use project

Saudi Arabia's Red Sea International Company said it has completed regulatory approvals and taken possession of a 63,088-sq-m prime plot of land in Madinah, thus marking the start of its contractual obligations under a 50-year lease agreement with the municipality. ...

Construction & Real Estate

Mabani Aljazeera plans big investment in premium Kenyan residential tower

Mabani Aljazeera Holding Group, a leading Saudi construction and investment company, has announced plans to invest in Jabali Towers located at the heart of Tatu City SEZ in Kenya. A premier mixed-use project, it features a mix of studios and one- to three-bed apartments as well as premium amenities. ...

Construction & Real Estate

Retal in deal with Roshn to build 163 residential units in Makkah

Saudi-based Retal Urban Development Company has announced that it had signed conditional agreements with Roshn, a leading multi-asset class developer powered by PIF, for the development of 163 residential units within its AlManar community in Makkah city....

Construction & Real Estate

Saudi real estate company Al Tahaluf rebranded HOV Global

Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US. ...

Construction & Real Estate

Webuild starts operations at Aramco water treatment plant in Saudi Arabia

Italian construction giant Webuild has announced that operations have begun at a new water treatment facility built by one of its subsidiaries for oil giant Aramco’s offshore Zuluf oilfield in eastern Saudi Arabia. At full capacity, the new plant will be able to treat 185,000 cu m of water per day....

Construction & Real Estate

EDF, Marubeni, Acwa, Masdar in race for 12,000 MWh Saudi BESS projects

The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh....

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