Construction & Real Estate

Saudi PIF records solid 2025 results; net profit doubles to $17bn

Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion. ...

Construction & Real Estate

LAVA named Custodian of Expo 2030 Riyadh Master plan

LAVA (Laboratory for Visionary Architecture), a global network practice with bases in Germany and Australia, has been appointed Custodian of the Expo 2030 Riyadh Master plan, thus marking a significant new phase as the project transitions into detailed design and implementation stage. ...

Construction & Real Estate

Saudi Energy signs Riyadh Expo 2030 power supply deal

Saudi Energy (formerly the Saudi Electricity Company) has announced the signing of an agreement to deliver electricity supplies to the Expo 2030 Riyadh site, thus marking a key step in the project's continued progress as it moves into the development phase toward hosting the gala World Expo event. ...

Construction & Real Estate

Riyadh accelerates Expo 2030 build-out with new infrastructure awards

Saudi Arabia has taken another step forward in preparing for Expo 2030 Riyadh, awarding two key utilities and infrastructure works packages to Al Yamama Company as the kingdom ramps up on-ground delivery for the global event....

Construction & Real Estate

Saudi Energy invites bids for Expo 2030 Riyadh substations project

Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of Expo 2030 Riyadh development. The scope of work includes setting up of three 132/13.8kV substations along with other work linked to its integration with the national electricity grid. ...

Construction & Real Estate

Groundbreaking of Expo 2030 Riyadh country pavilions likely in Q3

With the early award of a critical infrastructure contracts to Nesma & Partners and the mobilisation of global giants Bechtel and Buro Happold, the Expo 2030 Riyadh project is now accelerating toward its October 2030 opening. Work on the mega event's country pavilions is likely to begin in the third quarter, said media reports. ...

Construction & Real Estate

Al Akaria signs framework agreement for Expo 2030 Riyadh early works

Saudi Real Estate Company (Al Akaria) has signed a framework agreement for the smooth implementation of early works for the mega Expo 2030 Riyadh project in the Saudi capital. The contract was awarded to one of its key subsidiaries Binyah....