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Tag: Construction

Construction & Real Estate

Dubai selects preferred bidders for key packages of $22bn sewerage project

Dubai Municipality has selected preferred bidders for the first two packages of its AED80 billion ($22 billion) Dubai Strategic Sewerage Tunnels (DSST) project, said a report. The project scope includes construction of deep sewer tunnels linked to treatment units at Warsan and Jebel Ali, as well as laying of 200km of sewer links....

Construction & Real Estate

Innovo completes work on Six Senses Residences Palm Jumeirah

Innovo Group, a UAE construction company, said it has completed the work on Six Senses Residences Palm Jumeirah, a sustainable ultra-luxury project in Dubai. The sprawling development boasts two Sky Villa buildings offering 32 keys, nine private villas as well as two penthouse buildings comprising 131 apartments. ...

Construction & Real Estate

Saipem seals $1bn EPC contract for Saudi gas compression plant

Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months. ...

Construction & Real Estate

GCC construction activity robust; building materials supply up: Report

Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution. ...

Construction & Real Estate

Nemetschek unveils ‘Connected Construction’ vision at Project Qatar 2026

Nemetschek, a key software provider for architecture, engineering and construction industry, is showcasing its Connected Construction vision at the Project Qatar 2026, highlighting how digital solutions across the entire building lifecycle can help firms boost efficiency, sustainability and project delivery outcomes. ...

Construction & Real Estate

L&T lands $992m Kuwait energy infrastructure development contracts

Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure. ...

Construction & Real Estate

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

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. ...

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