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Tag: Saudi Arabia

Construction & Real Estate

Cityscape Global 2026 to spotlight Saudi property boom

Saudi Arabia’s booming real estate market is set to take centre stage in Riyadh this November as Cityscape Global 2026 brings developers, investors and policymakers from around the world together to explore opportunities emerging from the kingdom’s ambitious urban transformation....

Construction & Real Estate

Saudi Arabia sets 70pc localisation target for project management jobs

Saudi Arabia will start implementing a 70% localisation in project management professions in the private sector starting from February next year, said a report. The move, aimed at boosting the locals' participation in the labour market, is in line with the objectives of Saudi Vision 2030. ...

Construction & Real Estate

Al Rajhi Capital, LogiPoint launch fund for $1.3bn Jeddah industrial park

Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion). ...

Construction & Real Estate

Saudi Arabia receives nine wind turbines for major wind projects

Nine wind turbines have arrived at Saudi Arabia's King Fahad Industrial Port in Yanbu for the Starah and Shaqra wind power projects. The cargo included 27 wind turbine blades, together with various supplementary turbine components and equipment needed for power generation from wind energy. ...

Construction & Real Estate

Saudi retail, F&B market resilient as consumer spending hits $113bn

Saudi retail and food and beverage market maintained strong momentum in H1 supported by resilient consumer spending - which hit SAR425 billion ($113 billion) - as well as low inflation and expansion of the non-oil economy, according to Knight Frank....

Construction & Real Estate

Saudi non-oil economy powers next phase of real estate growth

The Kingdom of Saudi Arabia remains one of the world's most active real estate development markets, supported by robust non-oil economic growth, regulatory reforms and a multi-billion-dollar pipeline of infrastructure and property developments, said a leading property expert. ...

Construction & Real Estate

US-Saudi consortium Mera Oil shortlists three GCC sites for $5bn refinery

MWG Enterprises, a US-based energy development company, said it has - in partnership with Patel Family Office and PWS, a company of Saudi Arabia’s AHQ Group - entered the final ​stage of site selection for its planned $5 billion integrated refinery and energy export corridor. ...

Construction & Real Estate

Saudi Arabia ramps up sustainable infrastructure development in Jazan

Saudi Arabia is stepping up efforts to drive sustainable development in the Jazan region, with authorities overseeing 38 strategic projects aimed at upgrading infrastructure, attracting investment and supporting long-term economic growth under the kingdom's Vision 2030 agenda....

Construction & Real Estate

Mammoet boosts heavy lifting, transport capability in Saudi Arabia

Mammoet, a global leader in engineered heavy lift and transport sector, has expanded its fleet in Saudi Arabia with the deployment of seven Mercedes-Benz trucks, 60 Goldhofer conventional axle lines, Azobé crane mats and all-terrain and crawler cranes as part of a major investment in the kingdom. ...

Construction & Real Estate

Saudi residential property transactions down 21pc in Q2

Saudi Arabia's real estate transaction volumes edged higher in the second quarter from the previous three months, although activity remained weak compared to Q1, said a report. The residential deal volumes fell 21% over last year led by declines in Riyadh, Jeddah and Madinah. ...

Construction & Real Estate

Saudi Arabia tops global road connectivity rankings, says WEF

Saudi Arabia ranks first globally in the World Economic Forum's Road Connectivity Index, reflecting years of investment that have expanded the kingdom's road network to more than 73,000 km and improved connectivity across its cities and governorates. ...

Construction & Real Estate

Safari Group seals Hail Airport expansion project contract

Saudi Arabia's Safari Group has clinched a major contract from Matarat Holding to expand Hail Airport under the Airports Cluster II programme. On completion, the airport will have spacious departures and arrivals areas as well as a new 5,600-sq-m southern extension to the existing terminal. ...

Construction & Real Estate

MIS signs MoU to explore development of three new Saudi data centres

Saudi Arabia's Al Moammar Information Systems Company (MIS) has signed a memorandum of understanding (MoU) with Saudi Fransi Capital, acting on behalf of Saudi Data Center Fund 1, to study the development of three additional data centres across Saudi Arabia....

Construction & Real Estate

Cityscape Global to highlight investment shift toward integrated developments

Saudi Arabia’s ambition to welcome 150 million annual visitors by 2030, alongside an estimated $6.3 billion in potential private global real estate investment, is accelerating demand for integrated destinations that combine hospitality, retail, leisure and residential development, says a report. ...

Construction & Real Estate

Saudi NWC completes key water network projects in Hail

Saudi Arabia's National Water Company (NWC) has completed a water distribution network project in Al Shanan Governorate in the Hail region. The work involved laying of more than 21 km of water pipelines as well as providing service to more than 857 beneficiaries through 175 new connections. ...

Construction & Real Estate

King Salman International Airport achieves major construction milestone

King Salman International Airport has achieved a major construction milestone with the completion of Phase Zero of its Private Aviation Terminal Apron, thus strengthening operational readiness as Saudi Arabia accelerates work on one of the world's largest airport developments....

Construction & Real Estate

Dammam residential property sales surges 71pc to $947m in Q1

Dammam is dominating Saudi Arabia’s residential property sector growth, with quarterly sales values rising 71% to reach SAR3.6 billion ($947 million) in Q1, said a report. Around 2,900 homes were sold in the Saudi city from January to March this year, up 41% over the previous quarter. ...

Construction & Real Estate

Remat Al Riyadh signs key billboard installation contract

Saudi-based Remat Al Riyadh Development has signed a contract for the installation, operation and maintenance of advertising billboards on building facades at three locations across Riyadh. This comes as part of its efforts to expand and regulate the city's outdoor advertising network. ...

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