Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sq ..Read More

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sqm industrial zone for the Ras El Hekma megaproject in Egypt. The zone will focus on attracting manufacturers of sustainable building materials, strengthening supply chains, and driving industrial growth. Anchor partners include Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. Projected to generate 20,000+ jobs and boost Egypt’s GDP, the zone will enhance Egypt’s trade position and Ras El Hekma’s vision as a globally competitive hub.
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• Construction
• Manufacturing

SAL Logistics Services and Sela signed an agreement to develop the SAR 4 billion SAL Logistics Zone in Falcons ..Read More

SAL Logistics Services and Sela signed an agreement to develop the SAR 4 billion SAL Logistics Zone in Falcons City, north of Riyadh, covering 1.5 million sqm. Strategically located near King Khalid International Airport, the zone will feature Class A warehouses, scalable storage, and advanced infrastructure to boost Saudi Arabia’s supply chain efficiency and attract global investors. Falcons City, spanning 14.4 million sqm, will integrate logistics, aviation, commercial, and residential sectors, aligning with the National Transport and Logistics Strategy to position Saudi Arabia as a global logistics leader.
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• Construction

Oman’s Ministry of Transport, Communications, and Information Technology signed three strategic agreements t ..Read More

Oman’s Ministry of Transport, Communications, and Information Technology signed three strategic agreements to enhance road, port, and maritime services. The agreements include a 30-km Izki-Nizwa dual carriageway project with Galfar Engineering, the development of a quarry transport port in Shaleem with Manji International Ports, and an investment framework with ILS Oman to boost ship supply and crew change activities at Port Sultan Qaboos, aligning with its role as a tourist destination.
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• Construction

Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi ..Read More

Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi Fransi (BSF) to fund the Wadi Safar masterplan, a 62 sq km ultra-luxury residential development featuring hotels, a golf course, and leisure facilities. This follows a USD 2.13 billion (SAR 8 billion) construction contract awarded in July 2024 for the Royal Equestrian & Polo Club and four luxury hotels. Diriyah, supported by PIF, aims to create 178,000 jobs, attract 50 million annual visitors, and contribute USD 18.6 billion to Saudi Arabia’s GDP.
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• Construction
• Finance

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office ..Read More

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office GFA, 450 residential homes, and 15,000 sq m of retail space, including the 325-room 1 Hotel Diriyah. The district will host global media and tech leaders, promoting sustainability and innovation. MIPIM 2025 also announced Armani Residences Diriyah with 15 curated homes by Giorgio Armani. As part of the $63.2 billion Diriyah masterplan, the project will create 178,000 jobs, attract 50 million visits annually, and contribute $18.6 billion to Saudi Arabia’s GDP.
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• Construction

Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorg ..Read More

Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorgio Armani, marking Armani’s debut in Saudi Arabia. Located in Diriyah Square, the residences range from 1,200 to 1,900 sq m, with luxury amenities, private pools, and exclusive access to Armani Hotel Diriyah’s facilities. Part of Diriyah’s growing branded residences portfolio, including Baccarat, Corinthia, Raffles, and Ritz-Carlton, this project aligns with Diriyah’s vision to house over 100,000 residents and enhance its luxury living offerings.
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• Construction

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construct ..Read More

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construction Company LLC for the Design Quarter at d3, the first residential community in Dubai Design District. Set for completion by mid-2027, the project includes 558 apartments across three buildings—one low-rise and two skyscrapers—connected by a landscaped podium. The communal space will feature co-working areas, an indoor-outdoor gym, pools, barbecue zones, and children’s activity areas.
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• Construction

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy se ..Read More

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy services to develop a cold chains integrated economic cluster at the Special Economic Zone in Duqm. Tender documents can be purchased until March 18, 2025, with bid submissions due by April 17, 2025, via the Isnad platform. The project aims to enhance cold chain infrastructure, boost Omani export competitiveness, and improve storage and distribution of perishable goods like food and pharmaceuticals, reducing waste and ensuring better quality.
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• Construction