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Tag: CONSTRUCTION

Construction & Real Estate

Saudi Arabia’s NEOM scraps Webuild high-speed rail contract

Italian construction giant Webuild said that Saudi Arabia’s futuristic city project NEOM has terminated its contract for the Connector High-Speed Line project in Tabuk, in the latest development involving the kingdom’s flagship $500 billion mega-project....

Construction & Real Estate

ALEC wins $1.7bn construction contract for Sphere Abu Dhabi

UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029. ...

Construction & Real Estate

Dubai Investments explores investment opportunities in Oman

A delegation of Dubai Investments has held a high-level meeting with Dr Khalfan bin Saeed Al-Shuaili, Minister of Housing and Urban Planning of Oman, exploring potential investment opportunities in Oman....

Construction & Real Estate

Kaiterra opens Dubai hub to serve regional GenNext buildings

Kaiterra, a global leader in indoor air quality monitoring and optimisation for commercial real estate, has announced the opening of its new regional hub in Dubai. It is the first of several Kaiterra offices planned across the Gulf, as regional demand continues to accelerate....

Construction & Real Estate

Dubai Investments Q1 profits steady at $50.54m

Dubai Investments reported profit before tax of AED185.06 million ($50.54 million) for the three-month period ended March 31, 2026, compared to AED184.89 million ($50.34 million) during the same period last year. ...

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 ...

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