Tuesday, July 14, 2026
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Tag: Saudi Arabia

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....

Construction & Real Estate

Red Sea International unit lands MEP contract for Diriyah City project

Saudi-based Red Sea International Company has announced that its key subsidiary, The Fundamental Installation for Electric Work, has been awarded a subcontract by the local Salini unit to deliver mechanical, electrical and plumbing (MEP) works for a Diriyah City project....

Construction & Real Estate

Saudi Arabia signs $507m housing, smart-city deals with Chinese firms

Saudi Arabia has signed a series of housing, construction and technology agreements worth SAR1.9 billion ($507 million) with Chinese partners, including China State Construction Engineering, as the kingdom deepens cooperation with China in support of its Vision 2030 transformation programme....

Construction & Real Estate

Pan Kingdom in deal to develop ready-built industrial facilities at SPARK

King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia. ...

Construction & Real Estate

Havelock One secures fit-out contract for The Avenues - Khobar

Havelock One, a leading interior fit-out contractor in the region, has announced that it has been signed up as the front-of-house fit-out contractor for The Avenues - Khobar, an ambitious mixed-use development coming up on a 820,000 sq m area in the Eastern Province of Saudi Arabia. ...

Construction & Real Estate

Dar Global marks 5th anniversary with $23bn development portfolio

Dar Global, the London-listed luxury real estate developer, is marking its fifth anniversary following a period of rapid international expansion that has transformed the company into a $23 billion global real estate platform serving investors from more than 125 nationalities....

Construction & Real Estate

Qiddiya announces 30-court world-class National Tennis Centre

Qiddiya Investment Company has announced the National Tennis Centre – a world-class sports and entertainment landmark -- will position Saudi Arabia as a future hub for international tennis, local grass roots participation and year-round community play....

Construction & Real Estate

Riyadh's KAFD DMC secures $3.2bn finance facility

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility. ...

Construction & Real Estate

NHC signs cooperation deal with China's Sinoma-CDI

Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding (MoU) with China's Sinoma Chengdu Design and Research Institute of Building Materials Industry Co (Sinoma-CDI) to enhance cooperation in the field of construction and real estate....

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