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Tag: Saudi

Construction & Real Estate

Saudi construction activity gains pace as new orders strengthen

Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global....

Construction & Real Estate

Saudi Arabia plans tender for 51 sewage treatment plants

Saudi Arabia's National Water Company plans to tender later this year 51 sewage treatment plants with a total treatment capacity of 888,000 cu m per day. These projects will see private-sector partners undertake the rehabilitation, operation and maintenance services for a 15-year period....

Construction & Real Estate

Saudi-Chinese consortium wins $348m sewage plants maintenance deal

A Saudi-Chinese consortium comprising Armada and Zhangzhou United Waters has secured a SAR1.3 billion ($348 million) contract from National Water Company for the rehabilitation, operation and maintenance of nine sewage treatment plants (STPs) across Saudi Arabia. ...

Construction & Real Estate

Safari Construction lands Hail airport expansion project deal

Saudi builder Safari Construction has secured the main contract for the expansion of Hail International Airport. The scope of work includes rehabilitation of the existing terminal, construction of new airport facilities as well as development of associated infrastructure. ...

Construction & Real Estate

SepcoIII starts full commercial operation of Saudi Red Sea utility project

SepcoIII, a Chinese construction and engineering company, has announced the full commercial operation of the Saudi Red Sea Utility Infrastructure Project, thus marking the completion of one of the kingdom’s major integrated clean energy and utility infrastructure developments. ...

Construction & Real Estate

Accor, Al Qimmah boost Saudi hotel pipeline with 850-key Makkah Novotel

Global hospitality group Accor has announced that it has sealed a partnership deal with Al Qimmah Hospitality, a subsidiary of Bin Dawood Investment Company, to develop a portfolio of more than 4,000 keys across Saudi Arabia, including an 850-room Novotel property in Makkah. ...

Construction & Real Estate

Amana in deal to set up $266m hospital at New Murabba development

New Murabba, a unit of sovereign wealth fund PIF and the master developer of Riyadh’s modern downtown, has signed an agreement with Almana Medical Group to develop a 200-bed general hospital within its mega Saudi destination at a total investment of SAR1 billion ($266 million). ...

Construction & Real Estate

Dar’s Saudi project named finalist for Bentley YII Awards

Saudi-based Dar International for Engineering Consultancy is one of the finalists for the Bentley Systems' 2026 Year in Infrastructure (YII) Awards (the only one from the Middle East region) in the Transmission and Distribution category for its Nariyah 380kV substation project in the kingdom. ...

Construction & Real Estate

Arabian Drilling expands GCC footprint with new offshore contract

Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country. ...

Construction & Real Estate

Talco extends deal to buy 60pc stake in Eastern Aluminum Extrusion Factory

Saudi aluminium products maker Talco has extended by six months a non-binding agreement to acquire a 60% stake in Dammam-based Eastern Aluminum Extrusion Factory. This extension will run from August 24 to February 23, 2027, allowing the firm additional time to complete due diligence procedures....

Construction & Real Estate

Retal unit lands contract for Al Khobar business project

Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar. ...

Construction & Real Estate

Acwa completes work on $8.5bn green hydrogen project at NEOM

A consortium of Saudi utility giant Acwa Power and US group Air Products has completed construction work on the $8.5-billion green hydrogen project at Oxagon within Saudi Arabia’s mega futuristic city NEOM, and commercial operations are set to begin next year, said a report. ...

Construction & Real Estate

Alkhorayef lands Al Khobar wastewater maintenance contract

Saudi-based Alkhorayef Water and Power Technologies Company said it has secured a three-year contract from the National Water Company to provide operation and maintenance services for water and wastewater facilities at Al Khobar in the kingdom's Eastern Province. ...

Construction & Real Estate

Saudi Tarmeem in deal to revamp King Salman Charity residences

Saudi-based Tarmeem for Development has signed an agreement with the King Salman Charity Housing Association to manage home renovation and maintenance projects. The agreement covers structural, architectural, and interior revamp in addition to electrical and mechanical works. ...

Construction & Real Estate

UK transport consultancy The Hub expands into Saudi Arabia

The Hub – Transport Advisory, a UK-headquartered specialist transport sector consultancy, has announced its expansion into Saudi Arabia with the support of AstroLabs, the Gulf’s leading business setup and growth platform. The Hub is already supporting Saudi Arabia Railways (SAR) on a strategic project. ...

Construction & Real Estate

Maaden Q2 profit climbs 13pc on higher commodities, strong gold sales

Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes. ...

Construction & Real Estate

Aqualia wins three-year renewal to operate Saudi floating desal plants

Spanish water company Aqualia has secured a three-year contract renewal from National Shipping Company of Saudi Arabia (Bahri) for the operation and maintenance of three floating desalination plants in Yanbu with a combined capacity of 150,000 cu m of drinking water per day. ...

Construction & Real Estate

Saudi Arabia expands road network with 246km Rafha-Hail link

Saudi Arabia has announced the opening of the 246-km Rafha-Hail Road, thus expanding the kingdom's transport network with a new route linking Rafha to Hail through the Hail-Baqaa Road. The road represents a vital artery within the kingdom's interregional road connectivity network. ...

Construction & Real Estate

Saudi construction new orders rise at fastest pace in five months, says report

Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital....

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