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Tag: Saudi

Construction & Real Estate

Jabeen in deal to build 200 residential villas in Saudi industrial city

Jubail and Yanbu Industrial Cities Services Company (Jabeen) has sealed an agreement with Yanbu Aramco Sinopec Refining Company (Yasref) for the funding and construction of 200 residential villas in Yanbu Industrial City, in partnership with Royal Commission for Jubail and Yanbu. ...

Construction & Real Estate

Saudi residential, infrastructure projects drive construction growth in June

Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report. ...

Construction & Real Estate

Saudi Arabia's June project awards top $7.9bn, says report

Saudi Arabia awarded 25 projects in June 2026 — the highest monthly total during the year — valued at more than SAR29.5 billion ($7.9 billion), reported SPA, citing official data. Of this, the construction sector accounted for the largest share, with 14 projects worth more than SAR20.6 billion ($5.4 billion). ...

Construction & Real Estate

Nesma lands King Abdullah Economic City infrastructure contract

Saudi developer Emaar, The Economic City has announced that it has awarded an infrastructure construction contract worth SAR547.4 million ($146 million) to Nesma & Partners for key projects within the Special Economic Zone in the Industrial Valley of King Abdullah Economic City (KAEC). ...

Construction & Real Estate

Red Sea International secures Madinah site for mixed-use project

Saudi Arabia's Red Sea International Company said it has completed regulatory approvals and taken possession of a 63,088-sq-m prime plot of land in Madinah, thus marking the start of its contractual obligations under a 50-year lease agreement with the municipality. ...

Construction & Real Estate

Mabani Aljazeera plans big investment in premium Kenyan residential tower

Mabani Aljazeera Holding Group, a leading Saudi construction and investment company, has announced plans to invest in Jabali Towers located at the heart of Tatu City SEZ in Kenya. A premier mixed-use project, it features a mix of studios and one- to three-bed apartments as well as premium amenities. ...

Construction & Real Estate

Retal in deal with Roshn to build 163 residential units in Makkah

Saudi-based Retal Urban Development Company has announced that it had signed conditional agreements with Roshn, a leading multi-asset class developer powered by PIF, for the development of 163 residential units within its AlManar community in Makkah city....

Construction & Real Estate

Saudi real estate company Al Tahaluf rebranded HOV Global

Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US. ...

Construction & Real Estate

Webuild starts operations at Aramco water treatment plant in Saudi Arabia

Italian construction giant Webuild has announced that operations have begun at a new water treatment facility built by one of its subsidiaries for oil giant Aramco’s offshore Zuluf oilfield in eastern Saudi Arabia. At full capacity, the new plant will be able to treat 185,000 cu m of water per day....

Construction & Real Estate

EDF, Marubeni, Acwa, Masdar in race for 12,000 MWh Saudi BESS projects

The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh....

Construction & Real Estate

Saudi NCP launches tender for 391-bed Makkah university hospital

Saudi National Center for Privatization & PPP (NCP) has invited bids for the development of a 391-bed hospital in Umm Al Qura University, Makkah, as a public-private partnership venture. The project will be delivered under a 30-year design-build-finance-operate-maintain (DBFOM) contract. ...

Construction & Real Estate

Saudi PMU awards $262m contract for specialty hospital in Al Khobar

Saudi Arabia’s Prince Mohammed bin Fahd University (PMU) has awarded a SAR994 million ($262 million) contract for the construction of a new specialty hospital within its premises at Al Khobar in the kingdom's Eastern Province. The 10-storey healthcare facility will come up on a 60,000 sqm area. ...

Construction & Real Estate

Cenomi Centers awards $342m Saudi boulevard project contract

Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has awarded a design and build contract worth SAR1.3 billion ($342 million) to Lynx Contracting Company for the development of its premium mixed-use boulevard project in the Eastern Province of Al Khobar. ...

Construction & Real Estate

Ladun JV lands $639m Riyadh infrastructure development works deal

Ladun Investment Company said its joint venture with Al Ayuni Investment has been awarded SAR2.4 billion ($639 million) contracts for the infrastructure development works on key Al Qirawan, Al Narjis and Namar plots under the Real Estate Balance Program – Phase One in Riyadh....

Construction & Real Estate

Lenovo in deal to boost AI, digital infrastructure in Saudi housing sector

Lenovo has signed an agreement with Saudi National Housing Company Innovation for potential collaboration backing the kingdom’s evolving residential and digital infrastructure landscape. The deal sets out a foundation to boost co-operation across advanced technologies such as AI and data science. ...

Construction & Real Estate

Blacksand, Marriott sign deal to develop 10 hotels in Saudi Arabia

Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments. ...

Construction & Real Estate

Acciona wins Haramain High-Speed Rail FM services contract

Spanish infrastructure major Acciona has announced that its facility service unit has been awarded a three-year contract to provide technical train cleaning and housekeeping services for the Haramain High-Speed Railway, one of Saudi Arabia's most advanced transportation systems. ...

Construction & Real Estate

Umm Al Qura, Osus join hands for $266m residential project in Makkah

Saudi-based Umm Al Qura for Development and Construction has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($266.3 million) in Makkah city. The project will involve the development of three residential towers featuring 690 apartments. ...

Construction & Real Estate

Hassan Allam JV lands Waldorf Astoria superblock contract in Diriyah

Hassan Allam Holding, a leading engineering and construction company in the Mena region, said one of its key subsidiaries, in a joint venture with UCC Saudi, has secured the contract for Waldorf Astoria Hotel, Residences & Mixed Use Super Block located within the kingdom's mega development Diriyah. ...

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