Thursday, October 22, 2026
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Tag: Saudi Arabia

Construction & Real Estate

Saudi Arabia approves 19 hospitality projects worth $1.8bn

Saudi Arabia has approved the first batch of 19 hospitality projects expected to attract SAR6.7 billion ($1.8 billion) in investment and create more than 17,000 jobs across five high-potential tourism destinations, as the Kingdom seeks to expand its tourism infrastructure ahead of major international events....

Construction & Real Estate

Aluminium Arabia postponed to April 2027

Aluminium Arabia, a premier platform for the aluminium and metals industry, which was scheduled to be held on November 11, has now been postponed to April next year. The event is expected to facilitate B2B engagement, enabling partnerships, technology transfer and the development of advanced manufacturing clusters. ...

Construction & Real Estate

Saudi Arabia accelerates housing, rail and metro expansion

Saudi Arabia is accelerating its housing, transport and urban development programmes, with more than 63,000 Saudi families becoming first-time homeowners in the first half of 2026 and Riyadh advancing a wide range of infrastructure projects aimed at improving mobility, expanding residential options and supporting the capital’s long-term growth....

Construction & Real Estate

Saudi NWC completes key sewer system projects in Al Baha region

Saudi Arabia's National Water Company (NWC) said it has completed a range of sewer systems in the Al Baha region as part of its infrastructure development projects. These include the construction of a tertiary wastewater treatment plant using bio-membrane technology as well as laying of 46km-long sewage networks....

Construction & Real Estate

Ajdan unveils $1.5bn Khobar Pier to boost Saudi coastal tourism

Ajdan Real Estate Development Company has unveiled its SAR5.6 billion ($1.5 billion) Khobar Pier project, a major coastal destination in Saudi Arabia's Eastern Province. The 671,000-sq-m development will feature 690 hotel rooms, 689 residences and 33,000 sq m of retail space along an 850-m waterfront....

Construction & Real Estate

Saudi construction activity grows for fifth month as new orders rise

Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to a report. The activity increased across the key sectors of residential, non-residential structures and infrastructure supported by new orders. ...

Construction & Real Estate

New fund to invest $267m in Saudi workforce housing

Mnzil, Saudi Arabia’s first and leading tech-enabled workforce housing platform, The Development Group (TDG) and Capital Partners have launched a real estate fund to invest SAR1 billion ($267 million) in developing purpose-built compounds housing up to 50,000 workers across the Kingdom. ...

Construction & Real Estate

L&T secures power transmission orders across Saudi Arabia, UAE, India

Larsen & Toubro’s (L&T) Power Transmission & Distribution business has secured multiple EPC orders across Saudi Arabia, the UAE and India. Projects include 380 kV transmission and substations in Saudi Arabia, 132/11 kV substations in the UAE, and transmission lines and substations in Visakhapatnam, India....

Construction & Real Estate

Alwasail Industrial secures supply contract for Riyadh Sports Boulevard

Saudi Arabia’s Alwasail Industrial Company has announced that it has secured a key contract from Saudi group Almabani to supply materials for the Sports Boulevard project in Riyadh. The entire contract work will be completed within a one-year period starting from the date of supply. ...

Construction & Real Estate

Al Othaim unveils $4.3bn Saudi real estate investment plans

Saudi-based Abdullah Al Othaim Investment Company has launched a dedicated real estate development arm, Al Othaim Developments, with plans to invest over SAR16 billion ($4.27 billion) in about 10 projects comprising 8,000 residential units across several Saudi cities over the next two years. ...

Construction & Real Estate

Oberoi unveils plans for luxury resort in Saudi Arabia’s Wadi Safar

Oberoi Hotels & Resorts has announced The Oberoi Sukoonvilas, Wadi Safar, a luxury resort under development in Diriyah, northwest of Riyadh. Scheduled to open in Q1 2027, the property will become the first hotel to welcome guests in Wadi Safar, an emerging Saudi tourism destination....

Construction & Real Estate

Gotion wins 75pc of Saudi Arabia's first utility-scale BESS tender

Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals. ...

Construction & Real Estate

Saudi Arabia opens vital lanes along the Third Ring Road

Saudi authorities have announced the opening of several newly developed lanes along the Third Ring Road and Prince Saud Al Faisal Road following a major expansion programme. The scope of work includes an additional 1.5-km stretch on the Third Ring Road that will help cut travel times by over 90%....

Construction & Real Estate

Saudi construction costs up 2.3pc in August, says report

The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%. ...

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