Construction & Real Estate

ALEC unit Target wins $500m three EPC contracts in Gulf

ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has announced that its subsidiary Target Engineering Construction Company – SP, has secured three major contracts worth a total of over $500 million in the Gulf....

Construction & Real Estate

Saudi Northern International Highway a major artery linking Gulf to Europe

Saudi Arabia’s Northern International Highway continues to serve as one of the Kingdom’s most strategically important transport corridors, reinforcing regional trade links and cross-border mobility across the Middle East and beyond....

Construction & Real Estate

Construction sector faces brunt of disruptions caused by Gulf conflict

The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk....