Construction & Real Estate

Cenomi Centers boosts funding for landmark Riyadh lifestyle project

Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support....

Construction & Real Estate

Global water tech firm Gradiant hits $2bn valuation in Series E funding

Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness....

Construction & Real Estate

Saudi NDMC arranges $13bn loan for utilities projects

Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects. ...