Construction & Real Estate

DP World in deal to develop two multipurpose container ports in Fujairah

DP World has announced that it has entered into a 50-year concession agreement to develop two multipurpose container ports in Fujairah. Once operational, the development will boost DP World's total container handling capacity in the UAE to almost 22 million TEUs from 19.4 million TEUs. ...

Construction & Real Estate

Asas Makeen in deal to develop a 290-unit residential project in Riyadh

Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months. ...

Construction & Real Estate

Fluor snaps up long-term PMC agreement from Aramco

Fluor Corporation, a leading provider of engineering, procurement, construction and maintenance services, has announced that it has been selected by Saudi oil giant Aramco as a programme management consultancy (PMC) contractor to support its global capital projects portfolio. ...

Construction & Real Estate

Shurooq signs up Minor Hotels to manage Sharjah Collection

The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Minor Hotels under which the international hospitality operator will manage the Sharjah Collection, a portfolio of seven nature- and heritage-based retreats across the emirate....

Construction & Real Estate

Blacksand, Marriott sign deal to develop 10 hotels in Saudi Arabia

Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments. ...

Construction & Real Estate

Saudi Arabia seeks stronger construction, housing tieups at Chinese event

Leading Saudi Arabian groups have signed six agreements with Chinese entities covering investment co-operation, construction technology, knowledge transfer, workforce development and public-private partnerships at a key industry event in Shenzhen, China. ...

Construction & Real Estate

Shalfa secures contract to provide FM services at Qassim school buildings

Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services. ...

Construction & Real Estate

Saudi Global Ports wins $528m Jubail Terminal expansion deal

The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million)....

Construction & Real Estate

Saudi Energy seals $3.1bn power purchase deal for Rabigh 2 project

Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity. ...