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Tag: Saudi Arabia

Construction & Real Estate

Saudi Modon picks WSP to develop its carbon neutrality strategy

Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions. ...

Construction & Real Estate

Huge boost to PPP under new Saudi National Privatization Strategy

Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030....

Construction & Real Estate

ShaikhTech launches new real estate investment platform for global investors

ShaikhTech, a Middle East-based technology company involved in proptech, has announced the beta launch of AmanaVest, its global investment access platform designed to enable global investors to explore curated real estate and other investment opportunities in Saudi Arabia. ...

Construction & Real Estate

300,000 homes planned for Riyadh in next 3 years

Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market....

Construction & Real Estate

Saudi Arabia officially opens real estate market to foreign buyers

Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework. ...

Construction & Real Estate

Saudi Arabia issues preliminary design consultancy tenders for Jeddah Metro

Saudi Arabia has issued preliminary design consultancy tenders for the Jeddah Metro project’s Blue Line network, said a report. A 35-km-long network, the Blue Line will run from King Abdulaziz International Airport to the Haramain High-Speed Railway station covering 15 stations....

Construction & Real Estate

New Murabba signs MoU with Industry Ministry to enhance local content

New Murabba, a Public Investment Fund company, has signed a memorandum of understanding (MoU) with Saudi Arabia's Ministry of Industry and Mineral Resources to explore the strengthening of local content, expand national supply chains, and enhance industrial collaboration across one of the Kingdom’s most ambitious urban developments....

Construction & Real Estate

ROSHN Group launches villas, duplexes in Dhahran's ALDANAH community

ROSHN Group has launched two new typologies in its ALDANAH community in Dhahran, including villas with an area of 275 sq m and duplexes with an area of 246 sq m. This release caters to the aspirations of diverse customers, with a variety of home sizes and design options....

Construction & Real Estate

Al Arabia lands Saudi Cluster 2 Airports digital billboard contracts

Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period. ...

Construction & Real Estate

Big 5 Construct Saudi’s January edition targets the Kingdom’s fit-out and finishing boom

As Saudi construction sector moves at unprecedented scale and speed, Big 5 Construct Saudi has positioned its January edition as the first major industry touchpoint of the year. The four-day event focuses on fit-out, finishing and project delivery at a critical moment when project developments are rapidly moving from design into execution, said the event organisers. ...

Construction & Real Estate

Webuild-led consortium wins Riyadh Metro network extension contract

Webuild, a global leader in the design and construction sector, has announced that its consortium - comprising Indian construction conglomerate L&T, Saudi Arabia's Nesma and French rail transport giant Alstom - has secured the contract for the extension of Riyadh Metro’s Red Line network. ...

Construction & Real Estate

Saipem announces restart of jack-up rig in Saudi Arabia

Saipem, a global leader in the engineering and construction of major projects for energy and infrastructure sectors, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia. The rig can operate in waters up to 375 ft deep and drill wells up to 9,100m. ...

Construction & Real Estate

CATL opens Mideast's largest new energy aftermarket facility in Riyadh

Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030. ...

Construction & Real Estate

Flowciti starts operations in Bahrain, Saudi Arabia and UAE

Flowciti has officially announced its launch in Bahrain, Saudi Arabia and UAE as a holding company specialising in smart cities solutions, bringing together technology, operational execution, and user experience within a fully integrated ecosystem. The group seeks to create sustainable value for the real estate sector, businesses and institutions. ...

Construction & Real Estate

Saudi Arabia tops globally in Road Network Connectivity Index

The Kingdom of Saudi Arabia has ranked first worldwide in the Road Network Connectivity Index, and also ranked fourth among G20 countries in the Road Infrastructure Quality Index, thus reflecting the continuous development of the road sector, said a report. ...

Construction & Real Estate

Red Sea Global, Bunat VC launch fund to empower AI innovations

Red Sea Global, the Saudi developer behind regenerative tourism destinations Amaala and The Red Sea, has joined hands with Bunat Ventures (Bunat VC) to launch an investment fund - a first of its kind in the kingdom - dedicated exclusively to empowering startups specialised in artificial-intelligence (AI) technologies. ...

Construction & Real Estate

Saudi NDMC arranges $13bn loan for utilities projects

Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects. ...

Construction & Real Estate

Saipem snaps up $600m Saudi Aramco offshore contracts

Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia. ...

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