Tag: construction

Construction & Real Estate

L&T showcases energy, infrastructure expertise at top Saudi expo

Indian construction and engineering conglomerate Larsen & Toubro (L&T) is bringing its energy and infrastructure expertise into focus at the ongoing WPC Energy Congress in Riyadh. The company is playing a vital role at the event as the Industry Sponsor. ...

Construction & Real Estate

China-Abu Dhabi JV wins $2.7bn Al Maktoum Airport terminal deal

A joint venture between China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction, has secured a major contract worth AED10 billion ($2.7 billion) for the West Terminal substructure at Al Maktoum International airport, said a report. ...

Construction & Real Estate

Project Oman 2026 to spotlight $120bn construction pipeline

Oman’s construction sector is poised for growth, supported by a pipeline of projects worth $120 billion through 2030 spanning infrastructure, tourism and industrial development, with the sector’s investment opportunities set to be highlighted at Project Oman 2026 in Muscat this November. ...

Construction & Real Estate

Saudi construction activity grows for fifth month as new orders rise

Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to a report. The activity increased across the key sectors of residential, non-residential structures and infrastructure supported by new orders. ...

Construction & Real Estate

McLaren Construction lands contract for JLT mixed-use development

Sweid & Sweid, a leading real estate development company, has appointed London-based McLaren Construction as the main contractor for BAY360, its upcoming mixed-use development and lifestyle destination in Jumeirah Lakes Towers (JLT). With the enabling works now complete, the project is set for completion in Q1 2028....

Construction & Real Estate

Sobha breaks ground on Anantara Siniya Island resort, residences in UAQ

Leading luxury project developer Sobha Realty has announced that one of its key subsidiaries has broken ground on Anantara Siniya Island Resort and Anantara Residences Sobha Siniya Island in the northern emirate of Umm Al Quwain, featuring 125 hotel keys and 125 Anantara-branded residences....

Construction & Real Estate

SEVEN completes 70pc of Jazan waterfront destination

Saudi Entertainment Ventures (SEVEN) has completed 70% of construction work on its prime destination along the Jazan waterfront - SEVEN Jazan - logging more than seven million working hours without any lost-time injuries, in line with its commitment to health and safety standards on site. ...

Construction & Real Estate

Diriyah awards $720m construction contracts for luxury hotels, residential units

Saudi-based Diriyah Company has announced that it has awarded two major construction contracts worth SAR2.73 billion ($720 million) to build six luxury hotels and three residential assets in Diriyah Square, thus boosting Diriyah’s position as an urban destination to live, work and visit....

Construction & Real Estate

UAE’s construction market set to hit $167.2bn by 2031, says report

The UAE’s construction sector is set to continue its upward trajectory over the coming years with the market set to hit AED614.4 billion ($167.2 billion) by 2031, mainly driven by PPP investment, urban development, infrastructure projects and demand across residential, hospitality and logistics sectors, said a report. ...

Construction & Real Estate

Nemetschek signs partnership deal with Saudi Green Building Alliance

Nemetschek Group, a global leader in Construction AI and software provider for the architecture, engineering, construction and operations (AEC/O) sector, has signed a strategic agreement with the Saudi Green Building Alliance to help accelerate sustainable and digital transformation of the built environment. ...

Construction & Real Estate

ACICO Group completes key debt restructuring deal with two local banks

ACICO Group, a Kuwait-based building materials and construction company, said it has reached agreements with two local creditor banks to restructure its outstanding debt and financing obligations, thus bringing completed settlements to about 80% of the total creditor bank obligations. ...

Construction & Real Estate

Sultan Haitham City infrastructure gathers pace ahead of occupancy

Oman's Sultan Haitham City is moving closer to its first phase of occupancy after three electrical substations were commissioned to supply power to residential areas, public facilities and development projects. This comes as construction and infrastructure work accelerates across the mega development located in Muscat. ...

Construction & Real Estate

6 digital skills essential for construction professionals

PlanRadar, a digital platform working with construction teams around the world, has identified six skills that are becoming increasingly important on the modern jobsite, helping professionals work more efficiently and adapt as construction becomes more digital....

Construction & Real Estate

Acciona achieves key safety milestone across Qatar water projects

Spanish infrastructure major Acciona said it has achieved a major safety milestone in Qatar by clocking 20 million safe man hours without a Lost Time Injury (LTI) across its water operations in the country. The milestone represents 917 consecutive days without an LTI, with the record maintained since February 2024. ...

Construction & Real Estate

Asas Makeen awards contract for key residential, retail projects in Riyadh

Saudi-based Asas Makeen Real Estate Development and Investment Company has signed up Itihad Al Thabat Contracting to execute and complete the construction and finishing works required for a number of residential and commercial projects being developed by the company in Riyadh. ...

Construction & Real Estate

ICCP to launch protocol to manage construction claims

The Institute of Construction Claims Practitioners (ICCP) is set to launch the ICCP Claims Management Protocol, a free framework designed to help contractors, consultants and employers manage construction claims in a structured and professional manner, on October 7 in Dubai....