Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALD ..Read More

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALDANAH, its first fully integrated residential community in Dhahran. Spanning 1.7 million sqm, the project will feature over 2,000 residential units, nine floor plans, and extensive amenities including green spaces, mosques, schools, and retail areas. Located near major landmarks, ALDANAH aligns with Vision 2030 goals to boost homeownership and quality of life in the Eastern Region.
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• Construction

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering ..Read More

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering 55 custom-designed Passenger Boarding Bridges (PBBs), along with a 2-year maintenance contract. The bridges will support the under-construction Terminal 2, designed by Foster + Partners and executed by Limak Insaat, set to boost KWI’s capacity to 25 million passengers annually. TKE’s solutions aim to enhance operational efficiency and elevate the passenger experience, reinforcing its strong presence in the region.
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• Construction
• Transport

ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of ..Read More

ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of AlWadi, a 2.5 million sqm sustainable development in Aseer, Saudi Arabia. AlWadi will dedicate over 30% of its area to green spaces, feature 16 km of waterfront, 17 km of sport trails, and five distinct districts. Phase one, to be delivered in three years, includes 2,000 residential units, luxury hotels, and commercial and business spaces.
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• Construction

Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the ..Read More

Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the Dar Al Hijra project in Madinah, Saudi Arabia. Spanning nearly 1 million sqm, the mixed-use urban development will include residential units, commercial spaces, educational institutions, and healthcare facilities. The project aligns with Saudi Vision 2030 and has already seen over 50% progress on ongoing constructions covering 168,000 sqm. Rua Al Madinah was also awarded the Local Content Excellence Award for mega projects.
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• Construction

Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastruc ..Read More

Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastructure works at Riyadh Integrated, a key logistics hub near King Khalid International Airport, operated by SILZ Company. The scope includes roads, utilities, landscaping, and utility buildings, aligning with Saudi Vision 2030 to position the Kingdom as a global logistics leader. Egis will ensure long-term scalability and sustainable infrastructure delivery.
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• Construction

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
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• Construction
• Manufacturing

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to dev ..Read More

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to develop major tourism projects aimed at boosting the country's travel and leisure sector. The first project, in Wadi Al Shab (Sur), is in collaboration with OMRAN Group and will feature an adventure park with zip lines, hiking trails, swimming areas, and cafés. The second project, Sandan – Khasab Pearl in Khasab, is being developed with Khasab Development & Investment Company and includes a 4-star hotel with 200 rooms and 450 residential units. The third initiative, Hamyan Village in Nakhl, is a partnership with Hamyan Investment & Project Development Company, and will include a 4-star hotel with 156 rooms, 535 residential units, a traditional market, and a water park. These projects are aligned with Oman’s strategy to promote tourism and are open to foreign ownership.
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• Construction
• Tourism

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through hum ..Read More

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through human-centric experiences, digital transformation, and cutting-edge technologies. The initiative builds on ROSHN’s prior efforts, including interactive mobility experiences, hackathons, a digital transaction platform supporting nearly half of sales, and its internal innovation program with 125+ employee-generated ideas. ROSHNEXT will strengthen partnerships with local and global innovation hubs, expand investment in emerging ventures, and support Saudi Vision 2030 goals by enhancing quality of life and economic diversification.
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• Construction