Tuesday, October 20, 2026
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Tag: Construction

Construction & Real Estate

Global construction activity to surge over 70pc by 2050, says report

Global construction activity is forecast to rise more than 70% by 2050, reaching $16.6 trillion, mainly driven by five megatrends: population growth and urbanisation; infrastructure and housing deficits; climate adaptation; sovereignty and strategic resilience; and high-tech infrastructure, said a report. ...

Construction & Real Estate

Al Masraf seals project financing deal with Innovo Group

Al Masraf (Arab Bank for Investment & Foreign Trade) has announced that it has inked a major project financing deal with Innovo Group, an industry leader in construction and development across the built environment. This funding will help Innovo in delivering a significant project. ...

Construction & Real Estate

Forbes unveils Middle East sustainability leaders list for 2026

Forbes has unveiled the fourth edition of its annual ranking - The Middle East’s Sustainability Leaders 2026 - recognising 145 executives advancing the region’s transition to a more low-carbon economy. The list spans 17 key sectors including real estate and construction, oil and gas, banks, logistics and tourism. ...

Construction & Real Estate

Top construction expos Saudi Build, Elenex postponed to next year

Two of the major events in the Saudi construction sector - the 36th edition of Saudi Build and the 27th edition of Saudi Elenex - originally scheduled to be held from November 2 to 5 in the capital Riyadh have been postponed to next year due to the ongoing Middle East tensions....

Construction & Real Estate

L&T in deal to develop Saudi renewable energy talent

Indian construction and engineering conglomerate Larsen & Toubro (L&T) has signed an agreement with Onaizah Colleges to prepare Saudi students for careers in renewable energy, supporting the kingdom’s energy transition and its Vision 2030 goal of developing a skilled national workforce. ...

Construction & Real Estate

BI Group teams up with Citic Contracting for prime Dubai projects

BI Group has signed a deal with Citic Middle East Contracting, the UAE subsidiary of Chinese group Citic Construction, to collaborate on the construction of three real estate developments in Dubai - all coming up in Meydan Horizon. As per the deal, Citic will be the main construction contractor across all three projects. ...

Construction & Real Estate

Saudi Arabia accelerates housing, rail and metro expansion

Saudi Arabia is accelerating its housing, transport and urban development programmes, with more than 63,000 Saudi families becoming first-time homeowners in the first half of 2026 and Riyadh advancing a wide range of infrastructure projects aimed at improving mobility, expanding residential options and supporting the capital’s long-term growth....

Construction & Real Estate

L&T showcases energy, infrastructure expertise at top Saudi expo

Indian construction and engineering conglomerate Larsen & Toubro (L&T) is bringing its energy and infrastructure expertise into focus at the ongoing WPC Energy Congress in Riyadh. The company is playing a vital role at the event as the Industry Sponsor. ...

Construction & Real Estate

China-Abu Dhabi JV wins $2.7bn Al Maktoum Airport terminal deal

A joint venture between China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction has secured a major contract worth AED10 billion ($2.7 billion) for the West Terminal substructure at Al Maktoum International airport, said a report. ...

Construction & Real Estate

Project Oman 2026 to spotlight $120bn construction pipeline

Oman’s construction sector is poised for growth, supported by a pipeline of projects worth $120 billion through 2030 spanning infrastructure, tourism and industrial development, with the sector’s investment opportunities set to be highlighted at Project Oman 2026 in Muscat this November. ...

Construction & Real Estate

Saudi construction activity grows for fifth month as new orders rise

Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to a report. The activity increased across the key sectors of residential, non-residential structures and infrastructure supported by new orders. ...

Construction & Real Estate

McLaren Construction lands contract for JLT mixed-use development

Sweid & Sweid, a leading real estate development company, has appointed London-based McLaren Construction as the main contractor for BAY360, its upcoming mixed-use development and lifestyle destination in Jumeirah Lakes Towers (JLT). With the enabling works now complete, the project is set for completion in Q1 2028....

Construction & Real Estate

Sobha breaks ground on Anantara Siniya Island resort, residences in UAQ

Leading luxury project developer Sobha Realty has announced that one of its key subsidiaries has broken ground on Anantara Siniya Island Resort and Anantara Residences Sobha Siniya Island in the northern emirate of Umm Al Quwain, featuring 125 hotel keys and 125 Anantara-branded residences....

Construction & Real Estate

SEVEN completes 70pc of Jazan waterfront destination

Saudi Entertainment Ventures (SEVEN) has completed 70% of construction work on its prime destination along the Jazan waterfront - SEVEN Jazan - logging more than seven million working hours without any lost-time injuries, in line with its commitment to health and safety standards on site. ...

Construction & Real Estate

Diriyah awards $720m construction contracts for luxury hotels, residential units

Saudi-based Diriyah Company has announced that it has awarded two major construction contracts worth SAR2.73 billion ($720 million) to build six luxury hotels and three residential assets in Diriyah Square, thus boosting Diriyah’s position as an urban destination to live, work and visit....

Construction & Real Estate

UAE’s construction market set to hit $167.2bn by 2031, says report

The UAE’s construction sector is set to continue its upward trajectory over the coming years with the market set to hit AED614.4 billion ($167.2 billion) by 2031, mainly driven by PPP investment, urban development, infrastructure projects and demand across residential, hospitality and logistics sectors, said a report. ...

Construction & Real Estate

Nemetschek signs partnership deal with Saudi Green Building Alliance

Nemetschek Group, a global leader in Construction AI and software provider for the architecture, engineering, construction and operations (AEC/O) sector, has signed a strategic agreement with the Saudi Green Building Alliance to help accelerate sustainable and digital transformation of the built environment. ...

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