- January 30, 2025
L&T's Minerals & Metals (M&M) vertical has secured a significant repeat order for setting up freight handling ..Read More
L&T's Minerals & Metals (M&M) vertical has secured a significant repeat order for setting up freight handling facilities in the GCC region. The project involves engineering, procurement, construction, and commissioning (EPCC) of advanced automated facilities at two locations. This reinforces L&T's reputation in executing high-quality EPC projects and highlights its expertise in freight handling and material processing across industries.
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- January 29, 2025

ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Ya ..Read More
ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Yanbu to transform Yanbu into a premier tourist destination. The partnership, involving Baheej, focuses on developing four projects along the waterfront, including a resort, hotel, restaurants, and a diving academy. This initiative aligns with Saudi Vision 2030, aiming to boost tourism and economic diversification along the Red Sea coast.
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- January 28, 2025

Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecom ..Read More
Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecommunications infrastructure services. Under the contract, stc will build, operate, and provide the required services, with an 18-month preparation and execution period, followed by 15 years of operation.
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- January 28, 2025

The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, a ..Read More
The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, and erect pre-engineered buildings for three medical waste recycling facilities in Jeddah, Riyadh, and Dammam. The project, aligned with Saudi Vision 2030, will be completed in four months. NAZ Steel Industries, specializing in steel structures and pre-engineered buildings, sees this as a significant milestone in supporting waste treatment sector transformation.
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- January 27, 2025

Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engine ..Read More
Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engineering Corporation. The development will feature two residential towers with 678 apartments, retail outlets, and top-tier amenities like a landscaped promenade, pool, and children's play area. Scheduled for completion in Q4 2027, the project aims to become Dubai's next iconic waterfront destination.
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- January 26, 2025

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to laun ..Read More
A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to launch the NovusCrete Consortium, focusing on sustainable concrete innovation. The initiative aims to reduce the construction sector's carbon footprint by promoting seawater concrete, recycled materials, and polymer-based solutions, aligning with Saudi Vision 2030. Led by OSP, the consortium will develop standards and codes for seawater concrete use, fostering localization, environmental sustainability, and industry innovation.
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- January 26, 2025

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the M ..Read More
KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the Middle East, to support its expansion across the Gulf. GDH operates seven data centers in the UAE and Saudi Arabia and plans further growth in Kuwait, Qatar, Bahrain, and Oman to meet increasing hyperscale demand. The deal, subject to regulatory approvals, marks one of the largest global investments in a UAE-founded business, with KKR and GDH committing over $5 billion to fuel growth and strengthen AI and cloud infrastructure in the region.
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- January 26, 2025

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersiv ..Read More
Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersive Tower, a luxury office building in Dubai International Financial Centre (DIFC). The project includes a 36-story tower with three basement levels, spanning 114,474 square meters and targeting LEED Platinum certification for sustainability. Ssangyong E&C previously completed the ICD-Brookfield Place in DIFC in 2020.
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