- 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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- February 15, 2025
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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- February 13, 2025
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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- February 09, 2025
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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