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Tag: Saudi Arabia

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....

Construction & Real Estate

$506m Saudi housing projects awarded to Chinese firms

Saudi Arabia has awarded new housing projects in Riyadh and Dammam worth more than SAR1.9 billion ($506 million) to Chinese firms, as part of efforts to strengthen the Saudi-Chinese partnership in the housing and construction sectors....

Construction & Real Estate

Saudi Arabia awards LPG infrastructure development licences to top firms

Saudi Arabia has awarded licences to key industry players including Unigaz Arabia and Tazweed as well as a NGC-Zamil consortium for the establishment, development, operation and maintenance of strategic LPG infrastructure including filling and storage facilities across the kingdom. ...

Construction & Real Estate

Saudi Arabia, Türkiye in deal to boost co-op in logistics, railways

The Kingdom of Saudi Arabia and Türkiye have signed two agreements to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first deal covers logistics services and operations, while the second focuses on the railway sector. ...

Construction & Real Estate

Saipem seals $1bn EPC contract for Saudi gas compression plant

Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months. ...

Construction & Real Estate

Saudi Arabia launches PPP tender for new Taif airport project

Saudi Arabia's Matarat Holding and the National Center for Privatisation & PPP (NCP) have issued request for proposals (RFP) to qualified bidders for the development of the new Taif International Airport project. A PPP project, it will be implemented under a Build-Transfer-Operate (BTO) model. ...

Construction & Real Estate

Canadian group Cority boosts Saudi presence with new regional HQ

Canadian group Cority has announced a significant expansion of its presence in Saudi Arabia with the launch of its new regional headquarters. Its cloud-based architecture enables organisations to centralise EHS data, improve transparency, and give teams a clearer, faster view of risk across operations....

Construction & Real Estate

First Avenue fund targets prime Saudi education real estate assets

First Avenue for Real Estate Development has signed an agreement with SNB Capital, Dar Al Majed and Rekaz to set up an investment fund that will acquire and build educational facilities across Saudi Arabia. This comes as part of First Avenue's strategy to diversify its portfolio and income streams. ...

Construction & Real Estate

GFH, Octo in deal to develop $300m logistics and industrial platform

GFH, a leading Islamic investment bank, has announced that it has sealed a strategic agreement with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia. ...

Construction & Real Estate

RSG completes modernisation of AlWajh International Airport

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has completed the modernisation of AlWajh International Airport (EJH) located in northwest Saudi Arabia....

Construction & Real Estate

PIF, Talaat Moustafa in deal to develop key Saudi urban projects

Saudi Arabia's sovereign wealth fund PIF has reached an agreement with Talaat Moustafa Group Saudi that will see the duo explore opportunities, boost co-operation and collaborate in mixed-use real estate projects with the premium developments owned by PIF across the kingdom. ...

Construction & Real Estate

Georg Fischer opens new commercial office in Riyadh

Georg Fischer (GF), a Swiss company dedicated to the manufacture, supply and marketing of thermoplastic piping systems, has announced the opening of its commercial office in Riyadh. With this move, GF aims to bring its global Flow Solutions expertise closer to its customers in Saudi Arabia....

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