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Tag: SaudI

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....

Construction & Real Estate

Alargan, GS REDC launch first Saudi–Korean residential project in Riyadh

Alargan Projects Company, in partnership with Korea’s GS REDC, has officially announced the launch of Oasis Residence, marking the first Saudi–Korean residential development in the kingdom. Located in north Riyadh, it features 182 modern semi- furnished residential apartments. ...

Construction & Real Estate

Dar Global in talks with Chinese partners for major Saudi role

Dar Global, an international luxury real estate developer, has concluded a high-level strategic engagement in China, reinforcing its commitment to expanding cross-border investment partnerships as Saudi Arabia’s real estate market opens to foreign non-resident investors. ...

Construction & Real Estate

stc lands $800m Syrian telecom infrastructure project contract

Saudi telco stc Group has secured the tender for the SAR3 billion ($800 million) Silklink project from the Syrian government that involves the setting up of a 4,500 km fibre-optic network across the country, as well as establishing data centres and international subsea cable landing stations. ...

Construction & Real Estate

Saudi developer Dar Al Arkan redeems $400m sukuk

Saudi-based Dar Al Arkan Real Estate Development Company has announced that it has successfully redeemed its $400 million Islamic bond (sukuk). The company used its internal resources to pay the sukuk on the due date and transferred the principal to the designated account. ...

Construction & Real Estate

Saudi real estate market focuses on delivery

The fourth quarter of 2025 saw a shift in the narrative towards a more delivery‑focused era for Saudi’s real estate market, with project rationalisation and rephasing now becoming apparent, as government investments refocused to Expo and other major drivers, says a CBRE Middle East report....

Construction & Real Estate

Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal

Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis. ...

Construction & Real Estate

Sisco unit Tawzea lands Madinah water services contract

Saudi-based Sustainable Infrastructure Holding (Sisco Holding) has announced that its key unit Tawzea has secured a major contract from the kingdom's National Water Company to provide operation and maintenance services for the utility networks and wells in Madinah region for a three-year period. ...

Construction & Real Estate

Saudi group Abdulaziz Al Rashed & Sons sets IPO price range

Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period. ...

Construction & Real Estate

Heavy equipment experts head to Dammam for major event

Leading global manufacturers, investors and senior government officials will be in the Saudi city of Dammam for the Heavy Equipment Connect Forum & Expo, a major event that serves as a catalyst for partnerships driving the kingdom’s next generation of infrastructure and manufacturing capacity. ...

Construction & Real Estate

AlMeer Saudi lands KJO offshore general services contract

Saudi-based AlMeer Saudi Technical Services has announced that it has secured a long-term maintenance services contract from Al Khafji Joint Operations (KJO), a joint venture between Kuwait Gulf Oil Company and Aramco Gulf Operations Company (AGOC), for its vital offshore operation facilities. ...

Construction & Real Estate

Umm Al Qura's landmark Makkah project gets LEED Gold certification

Saudi-based Umm Al Qura for Development & Construction Company has announced that its landmark urban project - Masar Development - in Makkah city has been awarded LEED Gold certification, one of the highest international certifications in sustainability and built environment. ...

Construction & Real Estate

ElKhereiji lands Knowledge Economic City residential towers contract

The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting to deliver the construction and electromechanical works for four residential towers within the Phase I of Al Alya mixed-use project in Riyadh. Spanning 270,000 sq m, Al Alya is one of the anchor projects at KEC featuring 2,000 residential units and other key amenities. ...

Construction & Real Estate

Umm Al Qura awards $1bn prime Makkah development package contracts

Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city. ...

Construction & Real Estate

Metso wins contract to deliver gold processing plant in Saudi Arabia

Metso, a global leader in sustainable gold processing technologies, has secured a major contract from Saudi mining giant Maaden to supply a gold processing plant for its Ar Rjum mine located in Makkah. The contract covers commissioning and advisory services for equipment installation. ...

Construction & Real Estate

Vennre announces key Saudi expansion with strategic Makkah deal

Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom. ...

Construction & Real Estate

Dar Al Arkan unveils landmark Trump-branded project in Riyadh

Leading Saudi developer Dar Al Arkan, in collaboration with Dar Global, has unveiled the first of its landmark Trump-branded projects in Riyadh. The Trump International Golf Club, Wadi Safar will come up on a sprawling 2.6-million-sq-m area within the mega Diriyah development. ...

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