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Tag: Saudi

Construction & Real Estate

Qassim boosts sports infrastructure with 19 football fields

Saudi authorities have announced significant growth in the sports infrastructure across the Qassim region over the last few years, supported by public-sector projects and private investment. The number of sports facilities has risen to 270, including 19 football fields in Buraidah. ...

Construction & Real Estate

RCU approves design for new astro-tourism project in AlUla

The Royal Commission for AlUla (RCU) has approved the design of AlUla Manara, an astronomical discovery and astro-tourism hub coming up in the ancient Saudi city. The facility will feature an observatory, a world-class research centre, advanced telescopes and observation platforms for stargazing. ...

Construction & Real Estate

Dar Global awards design-and-build contract for premium Diriyah project

Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks. ...

Construction & Real Estate

Shalfa secures contract to provide FM services at Qassim school buildings

Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services. ...

Construction & Real Estate

Saudi Arabia launches tender for landmark Makkah development project

Saudi Holy Capital Municipality and National Center for Privatisation & PPP have launched the tender process for a key project on Prince Sultan bin Abdulaziz Road in Makkah. The scope of work includes development of 166,488-sq-m land on Al Hada Road under a build-own-operate-transfer (BOOT) model. ...

Construction & Real Estate

TKE Alat breaks ground on Dammam elevator manufacturing plant

TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City. ...

Construction & Real Estate

Rikaz expands into Saudi education sector with new fund

Saudi developer Rikaz said it has joined First Avenue Real Estate Development Company, AlMajdiah and SNB Capital for the establishment of a new investment fund that is focused on the kingdom's education sector. This initiative represents a strategic step in Rikaz’s growth journey, expanding its investments into a vital sector directly linked to human capital development and improving quality of life. ...

Construction & Real Estate

Umm Al Qura unveils new mixed-use urban destination in Makkah

Saudi developer Umm Al Qura has announced the launch of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by extensive infrastructure, green spaces, pedestrian pathways and modern mobility solutions. ...

Construction & Real Estate

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

Construction & Real Estate

Elsewedy Electric steps up efforts to empower Saudi women in the workplace

Elsewedy Electric, a leading provider of energy and infrastructure solutions in EMEA region, said the group continues its efforts to empower Saudi women and actively engage them in the workplace. Its Saudi female employees currently represent 6.5% of the group’s total workforce in the kingdom. ...

Construction & Real Estate

Rikaz consortium lands $566m Makkah mixed-use project contract

Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah. ...

Construction & Real Estate

Red Sea Global achieves major carbon reduction milestone

Red Sea Global, the Saudi developer behind the key tourism destinations The Red Sea and Amaala, said it has secured an independent third-party verification from DNV confirming that the company avoided 117,879 tonnes of carbon dioxide (tCO₂e) in 2024 through its renewable energy operations. ...

Construction & Real Estate

Saudi NCP launches bids for key public parks project

Saudi Arabia's National Center for Privatisation & PPP (NCP) has launched the expressions of interest (EOIs) and requests for qualification for the operation and maintenance of a new public parks project. The 15-year contract will cover 50 parks across three regions - Eastern Province, Jeddah, and Madinah region. ...

Construction & Real Estate

Rowad Modern Engineering completes work on Diriyah ministry HQ

Saudi-based Rowad Modern Engineering has announced the successful completion of the design and execution of the Ministry of Culture’s headquarters in Diriyah, marking a landmark achievement that reflects the seamless integration of contemporary architecture with the kingdom’s rich historical identity. ...

Construction & Real Estate

Ladun secures $637m Riyadh infrastructure development contracts

Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting. ...

Construction & Real Estate

EmaarEC awards King Abdullah Economic City infrastructure works contract

EmaarEC, the master developer of King Abdullah Economic City (KAEC), has announced that it has awarded a major contract to Nesma and Partners to carry out infrastructure development works within the Industrial Valley and the Special Economic Zone at KAEC. ...

Construction & Real Estate

GCC projects market hit by Iran war, contracts down 9.7pc

The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE. ...

Construction & Real Estate

First Avenue signs deal with Asas Makeen for Saudi residential project

Saudi-based First Avenue for Real Estate Development Company has signed an addendum to its contract with Asas Makeen Real Estate for a key residential project in Al Hada District. Following the completion of the detailed designs and technical specifications, the project cost has been set at SAR86 million ($22.9 million). ...

Construction & Real Estate

Rawasi, Saudi Energy ink power network upgrade deal

Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region. ...

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