Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Developme ..Read More

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Development Company, has signed an agreement to establish a real estate investment fund valued at over SAR 3.5 billion. The fund will develop a mixed-use project in the URBAN WADI area of the Sports Boulevard in Riyadh, covering 39,759 square meters with over 207,000 square meters of built-up space. The project is set to redefine Riyadh's skyline and will be developed over a seven-year period.
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Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavat ..Read More

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works in the second phase of the Diriyah project, covering 6.3 square kilometers. This phase will lay the foundation for major cultural assets, including the Royal Diriyah Opera House and Diriyah Arena, aligning with Saudi Vision 2030. The project will incorporate sustainability practices, including repurposing excavation materials for other uses. This contract follows several other significant awards for the Diriyah development.
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Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resor ..Read More

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resort in Al-Ahsa under the "Tuaja Luxury Resorts" brand. The 1.8 million square meter resort will offer three distinct experiences: luxury, eco-friendly, and adventure resorts, featuring 201 accommodations and a range of facilities. The project focuses on sustainability, community empowerment, and environmental conservation, aligning with Saudi Vision 2030 and enhancing Al-Ahsa’s tourism appeal.
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The Saudi Civil Aviation Holding Company (MATARAT) has issued a Request for Proposal (RFP) for the privatizati ..Read More

The Saudi Civil Aviation Holding Company (MATARAT) has issued a Request for Proposal (RFP) for the privatization of the New Abha International Airport to pre-qualified bidders. The airport, designed to reflect the Aseer region's heritage, aims to accommodate up to 10 million passengers annually by 2030, with a capacity of 13 million by 2054. Pre-qualified bidders include consortia such as Mada TAV, VI Asyada daa, GMR, and Touwaik Alliance. Construction, set for completion by 2028, will be executed in phases to ensure smooth progress.
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Modon and EMSTEEL Group have signed a strategic alliance to make Modon the first real estate developer in the ..Read More

Modon and EMSTEEL Group have signed a strategic alliance to make Modon the first real estate developer in the UAE to use low-carbon steel in construction. This partnership supports the UAE's Net-Zero 2050 strategy by incorporating green steel produced with renewable hydrogen, marking a significant step towards sustainable construction practices. The initiative aligns with the UAE's green targets and aims to decarbonize the construction industry.
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Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Ju ..Read More

Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Jumeirah Lakes Towers (JLT) to Dutco Construction. The project will offer 500,000 square feet of premium office space, with amenities such as unique food and beverage options and extensive parking. Construction is set to complete by Q4 2026, continuing a successful partnership between the two companies.
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Emirates Global Aluminium (EGA) has begun construction of 10 pilot reduction cells for its next-generation EX ..Read More

Emirates Global Aluminium (EGA) has begun construction of 10 pilot reduction cells for its next-generation EX smelting technology at Al Taweelah. The technology aims to produce more aluminium with less energy and lower emissions, incorporating Industry 4.0 capabilities such as IoT sensors, AI, and machine learning for autonomous control and process optimization. The first hot metal is expected in 2025, with full industrialization targeted by 2028.
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Riyadh Development Company (ARDCO) has signed a strategic partnership with Agility Logistics Parks to develop ..Read More

Riyadh Development Company (ARDCO) has signed a strategic partnership with Agility Logistics Parks to develop a logistics complex in Al Remal District, Riyadh, valued at 227 million SAR. The project will span 97,904 square meters and include 58,000 square meters of Grade A warehouses. ARDCO will hold a 40% stake, while Agility will own 60%. Construction is set to begin in 2025, with completion expected by the second half of 2026.
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• Construction