Tag: construction

Construction & Real Estate

Saudi construction activity gains pace as new orders strengthen

Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global....

Construction & Real Estate

EmiratesGBC spotlights female leadership, low-carbon construction

Emirates Green Building Council is set to bring together industry leaders, policymakers, innovators and students for World Green Building Week, with its UAE programme focused on spotlighting female leadership in the sector as well as accelerating the shift towards low-carbon construction. ...

Construction & Real Estate

Islamic World District takes shape in Madinah

Construction is gathering pace on the first phase of the Islamic World District (IWD), one of the flagship developments within Knowledge Economic City (KEC) in Madinah, with 1,835 hospitality keys currently under construction across Clusters 1 and 2 and the district’s first permanent structures beginning to emerge....

Construction & Real Estate

Big 5 Construct Saudi brings together construction, project leaders

Big 5 Construct Saudi, which kicked off at Riyadh Front Exhibition & Conference Center on Monday, will feature in-depth technical discussions, product showcases and opportunities for industry professionals to connect with suppliers, project stakeholders and experts from across the ecosystem during the next two days....

Construction & Real Estate

SepcoIII starts full commercial operation of Saudi Red Sea utility project

SepcoIII, a Chinese construction and engineering company, has announced the full commercial operation of the Saudi Red Sea Utility Infrastructure Project, thus marking the completion of one of the kingdom’s major integrated clean energy and utility infrastructure developments. ...

Construction & Real Estate

Sarco unit lands construction contract for school projects in Riyadh

Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh. ...

Construction & Real Estate

Al Mammar & Steel to build new warehouse for Baazeem Trading

Saudi-based Baazeem Trading Company has announced that it has signed up Al Mammar & Steel Company to build a new warehouse for the company in Khamis Mushait area of the kingdom. The entire construction work will be completed within one year. ...

Construction & Real Estate

Retal unit lands contract for Al Khobar business project

Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar. ...

Construction & Real Estate

Técnicas Reunidas secures $1.65bn onshore Mideast gas facilities contract

Spanish engineering and construction company Técnicas Reunidas has secured a Letter of Intent (LOI) for a $1.65 billion contract to build onshore gas facilities for a major gas field development in the Middle East, thus strengthening its position in the region's energy infrastructure market. ...

Construction & Real Estate

Eskan seeks bids for Madinat Salman Community project work

Bahrain's Eskan Bank has invited bids from leading contractors for Madinat Salman Community Development Phase II project. The projects cover a central market, a supermarket and a sports facility - featuring two football fields and two drive-through buildings - with a combined BUA of 5,231 sq m. ...

Construction & Real Estate

ALEC H1 revenue jumps 68pc to $2.4bn on project execution

UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions. ...

Construction & Real Estate

ADNOC Gas awards $8.2bn EPC contracts for Habshan complex project

Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital. ...

Construction & Real Estate

Shamal awards contract to build 90 homes at former Dubai Zoo site

Shamal Holding, a UAE diversified investment company, has awarded the main works contract to Dutco Construction for its new residential project on the former Dubai Zoo site in Jumeirah 1. Once completed, it will boast 90 low-rise homes that blend refined architecture, nature and connected living. ...

Construction & Real Estate

Turkish builder Kalyon Inşaat starts work on UAE's first high-speed railway

Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates. ...

Construction & Real Estate

Red Sea International eyes $201m capital boost through rights issue

Red Sea International, a specialist in modular construction and prefabricated buildings, has sought regulatory approval to raise SAR280 million ($73.7 million) through a rights issue of 28 million ordinary shares, which would boost its capital to SAR762.7 million ($201 million). ...

Construction & Real Estate

Saudi construction new orders rise at fastest pace in five months, says report

Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital....

Construction & Real Estate

SSH named construction consultant for premium Oman cultural destination

SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens. ...

Construction & Real Estate

Dorsch named Expo 2030 Riyadh construction supervision consultant

Dorsch Global, a major planning and consulting group based in Germany, has announced that its Saudi unit has been signed up as one of the construction supervision consultants for Expo 2030 Riyadh, one of the kingdom's most ambitious and globally significant projects. ...