Rua Al Madinah Holding, a PIF company, signed two contracts during the PIF Private Sector Forum 2025 to accele ..Read More

Rua Al Madinah Holding, a PIF company, signed two contracts during the PIF Private Sector Forum 2025 to accelerate the Rua Al Madinah Project, aimed at hosting 30 million visitors by 2030 under the Pilgrims Experience Program. The contracts align with Saudi Vision 2030 to empower the private sector and support local content. CEO Eng. Ahmed W. Al Juhani highlighted the agreements’ role in enhancing hospitality services and enriching visitor experiences in Madinah.
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• Construction

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integ ..Read More

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integrated residential neighborhoods and layouts across various governorates, covering over 1.7 million sqm. Four agreements will deliver 1,300+ housing units with modern amenities in Sur, Sumail, Izki, and Al Buraimi, while four others will develop 1,000+ land plots with infrastructure in Liwa, Bahla, Ibri, and Bidiya. Additionally, four new investment opportunities were launched to develop residential neighborhoods across 1.28 million sqm in North Al Batinah, North A’Sharqiyah, Dhofar, and South Al Batinah.
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• Construction

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 c ..Read More

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 companies (46 local, 44 international) that submitted Expressions of Interest for the Taif International Airport project. The new airport, located 21 km southeast of the existing facility, will handle 2.5 million passengers by 2030. The project, aligned with Saudi Vision 2030 to boost the aviation sector, will follow a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
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• Construction
• Transport

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for ..Read More

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for constructing advanced railway logistics facilities in Al Buraimi and Sohar, and to China Railway Rolling Stock Corporation (CRRC) for supplying high-performance freight wagons. These facilities will enhance cargo efficiency, multimodal connectivity, and include provisions for locomotive and wagon maintenance. The project strengthens regional trade competitiveness, unlocks new trade routes, and positions Oman and the UAE as key logistics hubs, aligning with national economic priorities and ensuring long-term operational sustainability.
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• Construction
• Transport

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth ..Read More

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth OMR 145,274,094 during its first meeting of 2025. Key projects include the design and construction of 20 integrated school buildings across various governorates (OMR 39,711,95), the establishment of a multi-purpose port in Masirah, South A’Sharqiyah (OMR 28,612,449), and a three-year agreement for Microsoft software licenses for government institutions (OMR 21,580,376).
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• Construction

The Royal Commission for Riyadh City (RCRC) has launched the second phase of the Main and Ring Road Developmen ..Read More

The Royal Commission for Riyadh City (RCRC) has launched the second phase of the Main and Ring Road Development Program, comprising eight projects worth over SAR 8 billion to enhance Riyadh’s transportation network, aligning with Vision 2030. Key projects include developing Prince Turki bin Abdulaziz Al-Awwal Road, Al-Thumama Road, Dirab Road, and Imam Muslim Road, among others, with improvements such as new intersections, bridges, and tunnels to increase road capacities. The projects, expected to be completed in three years, follow the first phase launched on August 14, 2024, which included four projects worth SAR 13 billion.
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• Construction

Dar Global has awarded the enabling works contract for the SAR 2 billion ($531 million) Trump Tower Jeddah to ..Read More

Dar Global has awarded the enabling works contract for the SAR 2 billion ($531 million) Trump Tower Jeddah to Specialized Italian Foundation Co. Ltd. (SIFCO), a Saudi-foreign investment firm specializing in deep foundation construction. Located on Jeddah’s Corniche, the 47-floor tower will introduce an exclusive lifestyle concept, including Saudi Arabia’s first Trump Club. Dar Global is also developing 200 premium villas in Riyadh as part of its vision to bring international luxury standards to Saudi Arabia’s real estate market.
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• Construction

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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• Construction