Tag: Saudi Arabia

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. ...

Construction & Real Estate

Saudi Arabia’s cement sales volume up 8.9pc in June

Saudi Arabia’s cement sales volume in June increased by 8.9% year-on-year to 4.39 metric tonnes, reflecting a recovery from last month’s decline, according to a new report by Al Rajhi capital. Yamama continues to maintain dominant market share....

Construction & Real Estate

Saudi Arabia drives GCC project markets in Q2 despite slowdown

Project awards in the GCC region for the second quarter surged to $59.4 billion, up 30% over last year supported by higher contract activity in Saudi Arabia and Oman, although activity slowed sharply from Q1, according to a report....

Construction & Real Estate

Saudi Arabia road development gains pace with 40 new projects

Road development activities in Saudi Arabia gathered pace during the first half of 2026 with the rollout of new projects and advanced technologies across the kingdom's transport network. A total of 40 new road projects covering Makkah, Madinah and Qassim region were inaugurated this year....

Construction & Real Estate

Saudi Arabia unveils plan for $135m ferris wheel in Madinah

Saudi Arabia is looking for private investors to fund a $135 million ferris wheel in Madinah, as the kingdom pushes to expand attractions for pilgrims and domestic travellers beyond its holy sites, said a report. The project, Hijaz Eye, would be built on a 33,700 sq m plot, roughly the size of five football pitches. ...

Construction & Real Estate

Marriott signs deal to launch The Westin Abha by 2031

Marriott International will open the 464-room The Westin Abha in Saudi Arabia’s Asir region by 2031 under a new agreement with Manarat Al Dheyafah Company. Located in Jabal Thah Valley, the hotel will provide easy access to the airport and city centre. ...

Construction & Real Estate

Saudi, Pakistan boards sign MoU to develop cricket stadium in Jeddah

Saudi Arabia has taken another step towards establishing itself as a global sporting destination after the Saudi Arabian Cricket Federation (SACF) and the Pakistan Cricket Board (PCB) signed a strategic memorandum of understanding (MoU) to develop an international cricket stadium in Jeddah....

Construction & Real Estate

Saudi NWC completes $640m water infrastructure programme in H1

Saudi Arabia's National Water Company (NWC) has announced that it has completed 50 water and sanitation projects worth more than SAR2.4 billion ($640 million) in the first half of the year as the kingdom seeks to expand infrastructure and improve public services under its Vision 2030 programme. ...

Construction & Real Estate

Radisson ramps up Saudi expansion, eyes 100 properties by 2030

Radisson continues to expand in Saudi Arabia, with 50 hotels open and under development across the kingdom, as it targets 100 properties in operation by 2030. The group aims to open 1,000 more rooms in the country during the second half, said a top official....