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Tag: Saudi

Construction & Real Estate

ElKhereiji lands Knowledge Economic City residential towers contract

The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting to deliver the construction and electromechanical works for four residential towers within the Phase I of Al Alya mixed-use project in Riyadh. Spanning 270,000 sq m, Al Alya is one of the anchor projects at KEC featuring 2,000 residential units and other key amenities. ...

Construction & Real Estate

Umm Al Qura awards $1bn prime Makkah development package contracts

Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city. ...

Construction & Real Estate

Metso wins contract to deliver gold processing plant in Saudi Arabia

Metso, a global leader in sustainable gold processing technologies, has secured a major contract from Saudi mining giant Maaden to supply a gold processing plant for its Ar Rjum mine located in Makkah. The contract covers commissioning and advisory services for equipment installation. ...

Construction & Real Estate

Vennre announces key Saudi expansion with strategic Makkah deal

Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom. ...

Construction & Real Estate

Dar Al Arkan unveils landmark Trump-branded project in Riyadh

Leading Saudi developer Dar Al Arkan, in collaboration with Dar Global, has unveiled the first of its landmark Trump-branded projects in Riyadh. The Trump International Golf Club, Wadi Safar will come up on a sprawling 2.6-million-sq-m area within the mega Diriyah development. ...

Construction & Real Estate

Saudi cement sales volume down 1.8pc in December

Cement sales volumes across the Kingdom of Saudi Arabia fell in December on both an annual and monthly basis, reflecting softer demand at year-end, although full-year volumes still posted strong growth driven by gains from leading producers, said a report. ...

Construction & Real Estate

Linxon completes work on major Saudi 380 kV substation

Linxon, a global engineering, procurement, and construction company, has completed the work on the Taibah 380 kV Bulk Supply Point (BSP) substation and handed it over to the Saudi Electricity Company (SEC), marking a significant milestone in boosting Madinah’s power grid capacity. ...

Construction & Real Estate

Saudi ministry takes 86% stake in Binladin Group after debt settlement

Saudi finance ministry has acquired an 86% stake in Saudi Binladin Group Holding after the company’s AGM approved a capital hike through conversion of outstanding debt into shares. Under the restructuring, the group’s liabilities are estimated at SAR23.3 billion ($6.2 billion). ...

Construction & Real Estate

Aramco, Luberef sign deal to build base oil plant at Jazan

Saudi Aramco Base Oil Company (Luberef) has announced that it has signed an agreement with global oil major Aramco for setting up a base oil plant within its refinery in Jazan city. The deal establishes the framework for technical, commercial, and operational assessments of the project. ...

Construction & Real Estate

CMA seeks feedback on the draft controls for Saudi real estate ownership

Saudi Arabia’s The Capital Market Authority (CMA) has sought public feedback on the draft controls governing the real estate ownership by listed companies, investment funds and special purpose entities (SPEs) in the kingdom including the cities of Makkah and Madinah. ...

Construction & Real Estate

Alfanar Engineering to build key manufacturing facility in Yanbu

Alfanar Engineering Services has signed a land lease agreement with the Royal Commission for Jubail and Yanbu to set up a large-scale specialised facility in Yanbu Industrial City, dedicated to the manufacturing and maintenance of electric motors. ...

Construction & Real Estate

Alramz in deal to develop premium residential project in Riyadh

Saudi-based Alramz Real Estate has announced that it has signed an agreement to establish a SAR2.5 billion ($666 million) shariah-compliant real estate investment fund to develop its residential project - Rabwa Alramz - in Riyadh, with SNB Capital acting as the fund manager. ...

Construction & Real Estate

RMJM unveils 'Salmani design' mixed-use project in Riyadh

RMJM, one of the leading culturally diverse architecture firms in the world, has unveiled the design for a new mixed-use development coming up in Al Qairawan, Riyadh. The architecture adopts a facade-driven approach informed by Salmani design principles. ...

Construction & Real Estate

Wabag named as preferred EPC partner for Hadda ISTP Project

Leading Indian wastewater treatment specialist VA Tech Wabag has emerged as the preferred EPC partner for the Hadda ISTP project in Saudi Arabia. Wabag is part of the winning developer consortium comprising Metito Utilities, Etihad Water and Electricity and SkyBridge....

Construction & Real Estate

TMG, Al Muhaidib Group launch $5bn mixed-used projects in Oman

Talaat Moustafa Group (TMG) has partnered with leading Saudi conglomerate Al Muhaidib for the launch of its premier projects - Jood and Yamal - in Oman being set up at an investment of $5 billion. Spanning 4.9 million sq m, these projects will boast over 15,000 residential and tourism units....

Construction & Real Estate

EHAF Consulting Engineers wins prime Saudi project contract

EHAF Consulting Engineers has announced that it has been appointed as the project, programme and construction management (PMCM) services consultant for a premium residential community - Raseen - in Riyadh. The project is being developed by leading Saudi master developer AlOula. ...

Construction & Real Estate

KBR to deploy its innovative technology in Saudi biomethanol plant

KBR has announced that it has been awarded a major contract for its PureMSM green methanol technology by Fikrat Al Tadweer for a pioneering biomethanol plant project in Saudi Arabia. The project scope involves transforming landfill-gas into clean fuels....

Construction & Real Estate

Garbe Industrial, ARTAR to set up new Saudi logistics real estate JV

Garbe Industrial, a leading developer of logistics and light industrial real estate in Germany, has joined hands with Saudi group ARTAR to set up a landmark venture that will focus on delivering premium-grade warehouses and distribution centres across the kingdom. ...

Construction & Real Estate

Alkhorayef secures key Saudi wastewater network maintenance contract

Saudi-based Alkhorayef Water and Power Technologies Company has announced the signing of contracts with National Water Company (NWC) for operation and maintenance (O&M) of water and wastewater networks in the Hafer Al-Batin governorates. ...

Construction & Real Estate

Saudi–Bahrain energy ties boosted by ACWA Power–Bapco deal

ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition....

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