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Tag: Saudi Arabia

Construction & Real Estate

Saudi real estate market posts Q3 growth on solid investor demand

A dynamic real estate landscape continued to unfold across the Kingdom of Saudi Arabia in Q3 catalysed by Vision 2030's transformative impact. Amidst this comes a new wave of regulatory changes that is set to significantly influence real estate dynamics, said an expert. ...

Construction & Real Estate

Saudi Arabia, Qatar sign deal to build high-speed rail link

Saudi Arabia and Qatar have signed a deal to build a high-speed rail link between the two countries. The 785-km network, which will connect King Salman International in Riyadh to Hamad International Airport in Doha, will carry trains with speeds above 300 kph. ...

Construction & Real Estate

NBB seals finance deal with Kanoo for premium residential projects

The National Bank of Bahrain (NBB) has signed an agreement with Kanoo Real Estate, a division of the Yusuf Bin Ahmed Kanoo Group, to provide financing for their premium residential developments coming up in the kingdoms of Bahrain and Saudi Arabia. ...

Construction & Real Estate

TBEA wins 380/132kV GIS substation project in Saudi Arabia

Chinese group TBEA has won the bid from Saudi Electricity Company (SEC) for the construction of a new 380/132kV substation in the kingdom's Namria region as well as expansion of two existing substations in the surrounding areas. ...

Construction & Real Estate

Mott MacDonald named advisor for Saudi airport development plans

Mott MacDonald has been appointed as the Airports Masterplan Framework consultant to advise on airport development work across Saudi Arabia. In this role, Mott MacDonald will conduct comprehensive reviews to existing masterplans for 25 Saudi airports. ...

Construction & Real Estate

NHC signs $266m Makkah Gate development deal

Saudi Arabia's National Housing Company (NHC) has signed a sub-development agreement with Turkish company Emlak Konut to develop several allocated lands in the Makkah Gate Destination in the Saudi city at an investment value of over SAR1 billion ($266 million). ...

Construction & Real Estate

Samsung E&A’s Saudi Arabia APOC project wins award

Samsung E&A, a total solutions provider for the global energy industry, announced that its Saudi Arabia Advanced Polyolefin Company (APOC) Propane Dehydrogenation and Utilities & Offsite (PDH/UTOS) Project has been selected as the Energy Project of the Year at the 2025 MEED Projects Awards, presented in association with Mashreq....

Construction & Real Estate

Cheval Collection continues ME expansion with second property in KSA

Cheval Collection, the UK-based, award-winning luxury hospitality company specialising in top quality serviced apartments, has signed an agreement with KSA’s Ladun Investment Company to open a second site in Riyadh, Saudi Arabia, further strengthening the group’s presence in the Kingdom....

Construction & Real Estate

Gallagher forecasts key changes in construction insurance

Leading insurance broker, risk management services and consulting firm Gallagher has shared critical insights on the evolving trends in construction insurance at the Cityscape Global in Riyadh....

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. ...

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