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Tag: SaudI

Construction & Real Estate

89 global firms in race for Qassim airport project contract

Saudi Arabia's Matarat Holding has announced that 89 leading players in airport construction sector including 55 Saudi companies are in the race to build the Prince Naif bin Abdulaziz International Airport in Qassim. The list includes 19 developers, 33 EPC contractors as well as 13 operators. ...

Construction & Real Estate

Umm Al Qura seals reservation agreements for sale of two Masar plots

Saudi-based Umm Al Qura for Development and Construction Company has announced the extension of two reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate Holding Group for the sale of two plots within its premium Masar Destination in Makkah. ...

Construction & Real Estate

First Avenue inks contract for key Saudi mixed-use project

Saudi developer First Avenue has signed an agreement with Jadwa Al Shorfa Real Estate Fund for a mixed-use project in the capital Riyadh featuring a mix of commercial, residential and office units. The project, Capital Avenue - Al Rayyan, will come up on a 38,950 sq m area at the intersection of the Eastern Ring-Makkah Khuris Road. ...

Construction & Real Estate

Aedas secures design contract for 100-key Capella Diriyah hotel project

Aedas, a leading global architecture and design practice, has secured the design and project architecture contract for a 100-key hotel project - Capella Diriyah by Aedas - coming up over a 14,168 sq m area within the Northern District of the giga Diriyah development in Saudi Arabia. ...

Construction & Real Estate

Roshn inks deal with Miskan to develop prime land in Riyadh

Roshn Group, Saudi Arabia's leading multi-asset class developer powered by sovereign wealth fund PIF, has signed a strategic agreement with Miskan Real Estate Company, to develop more than 68,000 sq m of land within Warefa community in the capital Riyadh for a key residential project. ...

Construction & Real Estate

KBR lands Saudi petchem complex maintenance contract

SATORP, a joint venture between Saudi oil giant Aramco and French multinational integrated energy TotalEnergies, has signed up KBR, a leading technology and engineering solutions company, to provide comprehensive maintenance services for its petrochemical complex in Jubail for the next seven years....

Construction & Real Estate

Saudi heavy construction equipment market set to hit $3.5bn by 2030

Saudi Arabia's heavy construction equipment market is poised for solid growth over the next few years with the market set to hit $3.5 billion by 2030, driven by the ongoing government initiatives and urbanisation trends. As the country continues to invest in mega projects, the demand for advanced machinery is set to rise, said a report. ...

Construction & Real Estate

Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi utility major Acwa has reported solid results for FY 2025 with its revenue soaring to hit SAR7.41 billion ($1.97 billion) and its net profit recording a 60% growth over the previous year as higher operating income and stronger contributions from operating assets lifted earnings. ...

Construction & Real Estate

Diriyah awards $666m Pendry Superblock Package deal

Diriyah Company has awarded SAR2.5 billion ($666 million) contract for the implementation of the Pendry Superblock Package within its giga project in Saudi capital Riyadh. The scope of work includes construction of the Pendry Hotel as well as premium residential and commercial assets spanning over a 75,000 sq m area....

Construction & Real Estate

Misk City names Sami bin Jasser as new CEO

Saudi-based Misk Foundation has appointed Eng. Sami bin Jasser Al Jasser, a strategic development expert, as the new Chief Executive Officer of its mega Mohammed bin Salman Nonprofit City (Misk City) - a first-of-its-kind project coming up on a 3.4-sq-km area in capital Riyadh. ...

Construction & Real Estate

Marafiq achieves financial close for $500m Amiral wastewater project

Leading Saudi utility company Marafiq has announced that its consortium - comprising partners Veolia Middle East and Lamar Arabia Energy - has achieved financial close for the $500 million Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City II. ...

Construction & Real Estate

Buhur, Jindal to set up carbon steel pipe manufacturing plant in Saudi Arabia

Saudi Authority for Industrial Cities and Technology Zones (Modon) has entered into a deal with a venture of Buhur Investment Company and Jindal Saw Company, for the establishment of a carbon steel pipes manufacturing plant with an annual production capacity of up to 350,000 MT. ...

Construction & Real Estate

Roshn inks $146m deal to develop prime plot in Riyadh community

Roshn Group, Saudi Arabia's leading real estate developer powered by sovereign wealth fund PIF, has signed a strategic agreement with Sateaa Altameer to develop 108,000 sq m plot of land within the Warefa community in Riyadh at a total investment of SAR548 million ($146 million)....

Construction & Real Estate

Saudi Arabia’s mega 488-key ultra resort opens in KAEC

Saudi Tourism Development Fund (TDF) has announced the opening of the kingdom's largest ultra resort - Rixos Murjana - within King Abdullah Economic City. It features 488 rooms and suites alongside 33 villas, supported by a diverse range of hospitality, leisure and wellness facilities. ...

Construction & Real Estate

Saudi Modon signs $274m deals to boost sustainable industrial growth

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced the signing of deals worth over SAR1.03 billion ($274 million) with leading players in the industrial and logistics sectors. These cover localisation of pipe manufacturing, boosting national supply chain readiness as well as downstream industries. ...

Construction & Real Estate

Euro Systems announces Saudi foray with Riyadh Downtown showroom

Euro Systems, a leading provider of innovative architectural solutions, has officially opened its first showroom in Saudi Arabia in downtown Riyadh. A key feature of the outlet is Gracili Minimal System, known for its sleek sliding doors and windows designed to enhance natural light and create uninterrupted views. ...

Construction & Real Estate

Medlog announces launch of integrated logistics park in Dammam

Medlog, a leading provider of logistics and supply chain solutions, has officially opened its integrated logistics park in Dammam, Saudi Arabia. Spanning over 100,000 sq m, it can handle more than 300,000 TEUs capacity and will create over 400 direct and indirect job opportunities. ...

Construction & Real Estate

Nemetschek inks strategic partnership with leading Saudi FM body

Nemetschek, a leading software provider for the architecture, engineering, construction and operations (AEC/O) industry, has signed a strategic agreement with the Saudi Facility Management Association to support the advancement of the facilities management sector in the kingdom. ...

Construction & Real Estate

Modon, Medlog in deal to set up integrated logistics zone in Jeddah

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has sealed an agreement with Medlog, the logistics arm of Mediterranean Shipping Company (MSC), for the establishment of an integrated logistics zone over a 100,000 sq m area in Jeddah. ...

Construction & Real Estate

Alramz inks deal with Roshn to develop prime residential plots

Alramz Real Estate has announced that it has signed an agreement with leading Saudi developer Roshn for the purchase and development of two residential plots spanning over a 14,128 sqm area in Riyadh. As per the deal, a total of 240 residential units will come up on these plots....

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