- February 23, 2025
Dubai’s RTA has awarded an AED 798 million contract for the Al Qudra Street Development Project, enhancing t ..Read More
Dubai’s RTA has awarded an AED 798 million contract for the Al Qudra Street Development Project, enhancing traffic flow and connectivity across key residential and commercial areas. The project spans 11.6 km, includes 2,700m of bridges, and aims to reduce travel time from 9.4 to 2.8 minutes, benefiting 400,000 residents and visitors. Key upgrades include bridges at major intersections, expanding road capacity to 19,400 vehicles/hour, and reducing wait times significantly. The development will also extend Al Qudra Street by 3.4 km and add 4.8 km of new roads, improving access to Arabian Ranches, Dubai Motor City, DAMAC Hills, and more.
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- February 23, 2025
Mabanee’s KSA subsidiary has signed two contracts worth SAR 1.13 billion for Phase 2 (Towers) of The Avenues ..Read More
Mabanee’s KSA subsidiary has signed two contracts worth SAR 1.13 billion for Phase 2 (Towers) of The Avenues Riyadh. Alghanim International Al Saudia will construct three towers for SAR 656 million, while Al-Ahmadiah Contracting & Trading Company will build two towers for SAR 475 million. The project is set to be completed within 24 to 33 months from the start date.
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- February 20, 2025
MODON, in collaboration with NCP, has launched an EOI for the Logistics Zone Development in Dammam 2nd Industr ..Read More
MODON, in collaboration with NCP, has launched an EOI for the Logistics Zone Development in Dammam 2nd Industrial City under a PPP (DBFOMT) model for 30 years. Spanning 850,000 sqm, the project will enhance Saudi Arabia’s logistics infrastructure, supporting Vision 2030. The private sector partner will finance, design, build, operate, and commercialize modern logistics and warehousing facilities, boosting trade and industrial expansion.
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- February 19, 2025
Parsons announced $475 million in new contracts as part of its Q4 2024 results. In Saudi Arabia, it secured tw ..Read More
Parsons announced $475 million in new contracts as part of its Q4 2024 results. In Saudi Arabia, it secured two contracts worth $275 million with a three-year duration, booking the first option period in Q4 2024. In UAE, it won a $200 million follow-on program and construction management contract in Dubai. Total Q4 revenue rose 16% to $1.7 billion, driven by 14% organic growth and acquisitions, with strong gains in critical infrastructure protection and cyber markets.
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- February 19, 2025
REEF Luxury Developments has broken ground on REEF 1000 in Dubai Land Residential Complex, featuring the world ..Read More
REEF Luxury Developments has broken ground on REEF 1000 in Dubai Land Residential Complex, featuring the world’s first Sunken Balcony with outdoor cooling. The ceremony included planting the first of 126 olive trees, symbolizing sustainability. CEO Samer Ambar emphasized the project’s innovation and premium lifestyle offerings, aligning with Dubai’s vision for cutting-edge luxury living.
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- February 17, 2025
OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), cover ..Read More
OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), covering the construction of dry port facilities and a veterinary quarantine. The 4 sq. km dry port, operated by Asyad Group, is key to enhancing trade between Oman and Saudi Arabia. The tender, closing on April 17, includes civil, mechanical, and electrical works, with Phase 1 covering 1 sq. km. The total EZAD area is 388 sq. km, strategically located 20 km from the Rub Al-Khali border, aiming to boost economic diversification and trade.
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- February 16, 2025
National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Cont ..Read More
National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Contracting Company for the construction skeleton of Phase 1 of the new Care Medical Hospital (AlNarjis) in Riyadh. The hospital will have a 200-bed capacity, and the contract duration is 12 months.
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- February 15, 2025
ROSHN Group, a PIF-backed real estate developer, announced new agreements worth SAR 1.5 billion at the PIF Pri ..Read More
ROSHN Group, a PIF-backed real estate developer, announced new agreements worth SAR 1.5 billion at the PIF Private Sector Forum to develop infrastructure and retail facilities in SEDRA Community, Riyadh. Key agreements include SAR 650 million for 900+ residential units and sports facilities, SAR 720 million for 300+ premium units, SAR 130 million for a retail mall, and another for 700+ units. These agreements aim to strengthen Saudi Arabia’s construction sector and enhance local capabilities.
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