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Tag: projects

Construction & Real Estate

Damac announces handover of 8,800 residential units across Dubai

Damac Properties, a leading real estate developer in UAE, has announced the handover of 8,800 residential units across Dubai in 2026. This is alongside more than AED10 billion ($2.27 billion) worth of construction contracts awarded during the first half of the year....

Construction & Real Estate

Saudi residential, infrastructure projects drive construction growth in June

Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report. ...

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

Oman awards over $296m tenders for development projects

Oman has awarded RO114 ($296 million) project development tenders for the first half of the year. These include big-ticket projects such as the third package of Al Batinah Expressway; the construction of Al Jabal Al Abyad Road as well as Sultan Taimur bin Faisal Road dual carriageway. ...

Construction & Real Estate

Dubai's real estate projects value top $75bn in H1

The current pace of launches have put Dubai on track for one of its biggest real estate years in history with the value of prospect and new development projects across the emirate since the beginning of 2026 surging to more than AED275 billion ($75 billion), said a report. ...

Construction & Real Estate

Dewa launches international subsidiary to develop energy projects worldwide

Dubai Electricity and Water Authority said it has set up a new wholly-owned independent subsidiary - Dewa International - for developing conventional and clean energy projects worldwide and exporting the emirate's successful energy and water infrastructure model to global markets. ...

Construction & Real Estate

Modon to develop premium infrastructure projects in Al Dhafra Region

Modon Holding, an Abu Dhabi-based company with key interests in real estate, hospitality and tourism sectors, said it aims to develop premium infrastructure projects in Al Dhafra Region of the emirate and create integrated urban environments that support economic and social growth in the region. ...

Construction & Real Estate

RTA inks deal with Jafza to advance integrated road regulation in Dubai

Dubai’s Roads and Transport Authority (RTA) has signed a co-operation agreement with Jafza to advance regulatory integration in support of regulation of roads. The pact aligns with Dubai’s vision and strategic objectives to enhance road safety and ensure the delivery of development projects as per global standards. ...

Construction & Real Estate

Qatar government tenders hit $2.35bn in Q1

Qatar's government tenders and bids achieved a total value of QR8.6 billion ($2.35 billion) during the first quarter of 2026, according to a Ministry of Finance (MOF) has announced....

Construction & Real Estate

Emaar Properties Q1 revenue hits $3.4 billion; profit before tax $2bn

Emaar Properties delivered a strong start to the year 2026, supported by sustained demand across its core segments. In Q1 2026, Emaar’s revenue increased by 23 percent, while EBITDA grew faster at 34 percent, reflecting operating leverage, portfolio quality, and sustained cost discipline....

Construction & Real Estate

RAK Crown Prince reviews key Mina Al Arab projects

Ras Al Khaimah is pushing ahead with its ambitious projects that meet the highest standards of quality and sustainability in a bid to cement its status as a leading global destination for investment, tourism and quality living, said its Crown Prince after reviewing the projects in Mina Al Arab area....

Construction & Real Estate

Empower Insulated Pipe Systems delivers solid performance in 2025

Empower Insulated Pipe Systems (Elips), a subsidiary of Emirates Central Cooling Systems Corporation, recorded strong operational performance for FY 2025 expanding its regional and international reach. The year also witnessed the addition of more than 30 new vital projects to Elips' business portfolio. ...

Construction & Real Estate

Dubai Investments' RAK mixed use project set for 2027 completion

Dubai Investments has announced that work is moving at a steady pace on one of its premium mixed-use developments on Al Marjan Island in Ras Al Khaimah with its residential tower on track for Q1 2027 completion and its hotel unit by Q3 next year. ...

Construction & Real Estate

Shalfa Facilities Management gets Saudi Awwal Bank funding

Saudi-based Shalfa Facilities Management Company has sealed a sharia-compliant credit facilities agreement with Saudi Awwal Bank for its operational activities and to fund its future projects. The funding will also be used for issuing bid bonds, letters of credit and project progress payment finance. ...

Construction & Real Estate

Burtville sees prime Abu Dhabi projects on track

Burtville Developments has announced that construction across its projects in Abu Dhabi is progressing at a steady pace and in full alignment with the established development timelines. These include five in Masdar City and two each in Yas Island and Al Raha Beach respectively. ...

Construction & Real Estate

Dubai completes 124 real estate projects worth $7.49bn in 2025

Dubai witnessed notable progress in the pace of real estate project completion in 2025, with the number of completed projects rising to 124, marking a 7% increase and a total value of AED27.5 billion ($7.49 billion), reflecting a 23% increase....

Construction & Real Estate

Saudi groups, Syria sign major development deals

Leading Saudi companies and Syrian government entities signed a series of agreements covering aviation, communications, infrastructure, and development initiatives, during an official visit of a high-level Saudi delegation from the public and private sectors to Damascus....

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