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Tag: Saudi

Construction & Real Estate

Almar lands $940m Aramco Zuluf water treatment expansion deal

Almar Water Solutions, a part of Jameel Environmental Services and a global leader in water infrastructure development and services, has secured a $940 million contract from Saudi oil giant Aramco to expand its Zuluf Water Treatment Project, thus increasing its treatment capacity to 308,000 cu m/day. ...

Construction & Real Estate

Saudi RGA outlines key routes linking Riyadh to Hail heritage sites

The Roads General Authority (RGA) has outlined two main routes linking Riyadh to Hail as part of its efforts to improve access to one of the kingdom's major tourism destinations located in the northwestern region, known for its mountain landscapes and historical sites....

Construction & Real Estate

Hassan Allam-UCC seal contract for Waldorf Astoria Superblock in Diriyah

Hassan Allam, a leading engineering and construction group, said its subsidiary, Hassan Allam Construction Saudi along with its joint venture partner UCC Holding Saudi, has officially signed the contract for Waldorf Astoria Hotel, Residences, & Mixed Use Superblock in Diriyah, Saudi Arabia....

Construction & Real Estate

Saudi-Turkish JV targets major road, bridge projects in Riyadh

Saudi group Mofarreh and Turkey's Gülsan Holding have set up a new joint venture to bid for and deliver major transportation infrastructure projects in Riyadh. The duo will be targeting construction of roads, bridges, viaducts, interchanges and related transport infrastructure....

Construction & Real Estate

Work in full swing on Prince Mohammed stadium at Qiddiya City

Steady progress is being made on the Prince Mohammed Bin Salman Stadium, an architectural and engineering marvel coming up within Qiddiya City, the mega Saudi entertainment, culture and sports project located near Riyadh. With early foundation works under way, the stadium is expected to be completed in 2029. ...

Construction & Real Estate

East Pipes signs deal to acquire material handling equipment

East Pipes Integrated Company for Industry has announced that it had signed agreements with selected suppliers such as Saudi Liebherr and US-based Vaccuworx, a leading provider of vacuum lifting equipment for a number of industries, to acquire strategic material handling assets. ...

Construction & Real Estate

Aramco project Ithra gets Platinum Leed certification

King Abdulaziz Center for World Culture (Ithra), an initiative of Saudi oil giant Aramco, has obtained platinum certification for the Leadership in Energy and Environmental Design (LEED) in the Operations and Maintenance category from the US Green Building Council (USGBC). ...

Construction & Real Estate

Alkhorayef inks Riyadh City sewage network maintenance contract

Saudi-based Alkhorayef Water and Power Technologies Company has signed an agreement with Royal Commission for Riyadh City (RCRC) for the provision of comprehensive operation and maintenance of treated sewage effluent (TSE) network and it facilities in the Saudi capital....

Construction & Real Estate

Knowledge Economic City in deal to develop $359m mixed-use project

Knowledge Economic City (KEC) has signed an agreement with Saudi group Alrashid Properties to develop a premium mixed-use project - the Multaqa Residences - in Madinah on a 149,520 sq m area. The SAR1.35 billion ($359 million) project will boast branded residences as well as retail and hospitality assets. ...

Construction & Real Estate

Cenomi Centers boosts funding for landmark Riyadh lifestyle project

Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support....

Construction & Real Estate

Italian group Danieli wins Saudi steel billet production plant contract

Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029. ...

Construction & Real Estate

Halliburton wins multi-year Aramco gas development contract

Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme. ...

Construction & Real Estate

Saudi PIF, I Squared Capital sign $2bn infrastructure deal

Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies. ...

Construction & Real Estate

Mitsubishi Power lands boiler supply contract for key Saudi project

Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia. ...

Construction & Real Estate

Umm Al Qura signs deal to sell three prime Makkah residential plots for $118m

Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million). ...

Construction & Real Estate

Almabani consortium secures King Salman airport project contract

Leading Saudi contractor Almabani, along with its consortium partners - CarbonCure, a Canadian clean technology company and Spanish construction group FCC - has been awarded the contract to supply lower carbon concrete for the mega King Salman International Airport (KSIA) project in Riyadh. ...

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 the 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). ...

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