Tuesday, May 12, 2026
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Tag: saudi Arabia

Construction & Real Estate

Construction costs climb worldwide; Saudi Arabia leads regional rise at 4pc

Construction costs globally are set to increase by 2.4% in 2026, but growing uncertainty due to the phasing and procurement, is the real challenge to project delivery, said an industry expert. In the Middle East, the costs will rise by 4% in Saudi Arabia driven by reliance on imported and specialist materials and 3% in the UAE....

Construction & Real Estate

Saudi TDF, Palladium Hotel Group sign tourism development pact

Saudi Tourism Development Fund (TDF) signed a MoU with Palladium Hotel Group to explore development opportunities across several regions of Saudi Arabia. The agreement focuses on strengthening cooperation, assessing potential projects, conducting feasibility studies, identifying suitable investment structures, and reviewing technical and operational frameworks. ...

Construction & Real Estate

Nemetschek partners with Prince Sultan University to boost AEC innovation

Nemetschek, a leading software providers for the architecture, engineering, construction and operations (AEC/O) industry, has entered into a partnership with Saudi-based Prince Sultan University to support the development of future-ready talent and accelerate innovation across the kingdom. ...

Construction & Real Estate

ROSHN, Agility unit in deal to develop Grade A logistics park facility

ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed the Heads of Terms to form a joint venture with Agility Logistics Parks to develop a Grade A facility over a 1 million sq m area in the kingdom. ...

Construction & Real Estate

NWC completes two key Saudi water, wastewater projects

Saudi Arabia's National Water Company (NWC) has announced that it has completed work on two water and wastewater projects in the Qassim Region. Additionally, NWC has also installed sewage networks and lines in Al Rass Governorate, totaling more than 40km area. ...

Construction & Real Estate

Ashoka Buildcon–BEC Arabia JV lands Diriyah hotel project contract

Indian infrastructure group Ashoka Buildcon said its joint venture with Saudi-based BEC Arabia Contracting has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh. ...

Construction & Real Estate

Top firms in deal to invest in KAEC tourism, lifestyle projects

K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed an MoU with Saudi Arabia’s Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC). ...

Construction & Real Estate

Saudi Arabia completes world's first tokenised property deed transaction

The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer. This infrastructure reduces property settlement times from days to mere seconds. ...

Construction & Real Estate

Saudi TDF gears up for the opening of mega Rixos resort at KAEC

Saudi Arabia's Tourism Development Fund (TDF) has announced that Rixos Murjana is set to open in King Abdullah Economic City on Saudi Arabia’s Red Sea coast, positioning itself as the country’s largest ultra all-inclusive resort featuring 488 rooms and suites as well as 33 villas. ...

Construction & Real Estate

GFH acquires majority stake in Byrne Equipment Rental

GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....

Construction & Real Estate

Saudi Arabia announces qualified bidders for landmark One-Stop Station project

Saudi Arabia's Roads General Authority (RGA) has announced the list of qualified bidders for the country's pioneering One-Stop Station Project. A key public-private partnership project for Saudi Arabia, it will be implemented on a design-build-finance-operate-maintain (DBFOM) model. ...

Construction & Real Estate

Saudi Modon picks WSP to develop its carbon neutrality strategy

Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions. ...

Construction & Real Estate

Huge boost to PPP under new Saudi National Privatization Strategy

Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030....

Construction & Real Estate

ShaikhTech launches new real estate investment platform for global investors

ShaikhTech, a Middle East-based technology company involved in proptech, has announced the beta launch of AmanaVest, its global investment access platform designed to enable global investors to explore curated real estate and other investment opportunities in Saudi Arabia. ...

Construction & Real Estate

300,000 homes planned for Riyadh in next 3 years

Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market....

Construction & Real Estate

Saudi Arabia officially opens real estate market to foreign buyers

Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework. ...

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