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Tag: Saudi Arabia

Construction & Real Estate

JLL sets up new real estate knowledge hub in Saudi Arabia

Leading real estate industry expert JLL has announced the launch of its Real Estate Knowledge Hub in Saudi Arabia, a pioneering initiative designed to cultivate a skilled workforce and advance professional expertise within the kingdom’s rapidly evolving real estate sector. ...

Construction & Real Estate

Al-Khobar set for transformation with $1.8bn tourism projects

Al-Khobar Governorate in Saudi Arabia has overseen the signing of several agreements and major projects valued at more than SAR 7 billion ($1.8 billion) for the development of integrated tourism destinations during the TOURISE 2025 Summit in Riyadh....

Construction & Real Estate

Midad, Kerzner in JV to bring iconic hospitality brands to Jeddah

Midad Real Estate Company has announced a landmark joint venture with Jeddah Central Development Company (JCDC), a PIF entity, and global hospitality leader Kerzner International, to introduce the first-ever Atlantis and One&Only destinations in Saudi Arabia....

Construction & Real Estate

Acciona commissions Shuqaiq 4 desalination plant in KSA

Acciona, a global company and a leader in providing renewable solutions, has completed the construction and commissioning of the Shuqaiq 4 desalination plant, located in the southwest of Saudi Arabia....

Construction & Real Estate

Saudi cement sales up 7.3% in October

Cement sales in Saudi Arabia increased by 7.3% year on year (y-o-y) and 8.1% month-on-month (m-o-m) to 5.24 mt in October. This is the highest monthly sales since March 2021, said an Al Rajhi Capital research note....

Construction & Real Estate

ROSHN Group launches new release of 'The Garden Collection' in SEDRA

ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, has launched a new release of The Garden Collection villas in the fully integrated SEDRA community in North Riyadh. ...

Construction & Real Estate

L&T lands $569m Saudi grid infrastructure orders

India's top construction conglomerate Larsen & Toubro (L&T) has announced that one of its key units has secured a batch of grid infrastructure orders - worth nearly Rs50 billion ($569 million) - for construction of 380 kV substation and transmission lines in Saudi Arabia. ...

Construction & Real Estate

Red Sea Global secures $1.7bn funding for Amaala project

Red Sea Global (RSG), a leading developer powered by Saudi PIF, has secured a SAR6.5 billion ($1.73 billion) funding for its ultra-luxury wellness destination, Amaala, featuring more than 1,400 hotel rooms across eight different resorts. ...

Construction & Real Estate

Krank enters GCC market in landmark partnership with Dayim

Krank, a global heavy equipment trading technology firm, has made its Middle East debut through a strategic partnership with Saudi group Dayim, unveiling the Dayim Marketplace - a fully integrated heavy equipment trading platform for the region. ...

Construction & Real Estate

Bechtel secures $104m EPCM contract from Saudi Maaden

Saudi Arabian Mining Company (Maaden) has announced that it has awarded a major engineering, procurement and construction management (EPCM) contract worth SAR391 million ($104.3 million) to Bechtel for its Ar Rjum gold mine. ...

Construction & Real Estate

Acwa Power achieves $2.9bn financial close for Saudi CCGT plant

Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity....

Construction & Real Estate

Raimondi names new branch manager for Saudi Arabia

Raimondi Cranes has appointed Ahmad Shakkour as its new Branch Manager for Saudi Arabia. An industry veteran, Shakkour has two decades of experience in the tower crane sector and brings extensive technical expertise to his new position. ...

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