Construction & Real Estate

Saipem snaps up $600m Saudi Aramco offshore contracts

Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia. ...

Construction & Real Estate

Azizi’s premium project in Riviera 65% complete

UAE-based Azizi Developments has announced that work is in full swing on its premium project - Rêve - located within Phase IV of its French Mediterranean-inspired waterfront community Riviera in Dubai - with the project now achieving 65% construction milestone. ...

Construction & Real Estate

Symbolic closes 2025 on a high note with project launches, timely delivery

Symbolic Developments, the real estate division of Speedex Group, said it has closed 2025 as its most transformative year yet, mainly driven by rapid delivery, solid investor performance and an expanding community footprint. ...

Construction & Real Estate

Nabni starts work on premium residential project in Al Furjan

Nabni Developments has officially begun work on its newest residential project - Nabni Avenue 7 - located in Dubai’s Al Furjan district. Due for handover in August 2027, the 12-storey mid-rise building features 166 apartments with a mix of one- to three-bedroom units. ...

Construction & Real Estate

Metito consortium wins key Makkah sewage treatment plant project

Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province. ...

Construction & Real Estate

TownX sees 40pc construction progress on Dubai project

TownX, one of Dubai’s fastest-growing real estate developers, has announced a significant milestone in the construction of its flagship development Ashley Hills located in the heart of Arjan community with over 40% project work already completed. ...

Construction & Real Estate

Union Properties breaks ground on $544m flagship project in Motor City

Union Properties has officially broken ground on its flagship AED2 billion ($544 million) project - Mirdad - being set up in Dubai Motor City. Spanning 356,931 sq ft, it will feature a total of 1,087 residential units along with premium amenities. ...

Construction & Real Estate

Saudi Arabia invites bids for King Salman Stadium project

Saudi Ministry of Sports has invited bids from top contractors to carry out construction works for the King Salman Stadium project in Riyadh. One of the world's largest sports venues, it will boast a seating capacity of over 92,000 along with key amenities. ...

Construction & Real Estate

Mashriq Elite breaks ground on new JVC residential project

Dubai-based Mashriq Elite Real Estate Developments has broken ground on its fifth residential project - Floarea Skies - in Jumeirah Village Circle (JVC). The 23-floor development will feature 192 residences with a mix of studios, one and two-bedroom units. ...

Construction & Real Estate

Aldar's 9-month profits up 43% to $1.85bn

Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion)....