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

ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Ya ..Read More

ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Yanbu to transform Yanbu into a premier tourist destination. The partnership, involving Baheej, focuses on developing four projects along the waterfront, including a resort, hotel, restaurants, and a diving academy. This initiative aligns with Saudi Vision 2030, aiming to boost tourism and economic diversification along the Red Sea coast.
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• Construction
• Tourism

The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, a ..Read More

The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, and erect pre-engineered buildings for three medical waste recycling facilities in Jeddah, Riyadh, and Dammam. The project, aligned with Saudi Vision 2030, will be completed in four months. NAZ Steel Industries, specializing in steel structures and pre-engineered buildings, sees this as a significant milestone in supporting waste treatment sector transformation.
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• Construction

Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecom ..Read More

Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecommunications infrastructure services. Under the contract, stc will build, operate, and provide the required services, with an 18-month preparation and execution period, followed by 15 years of operation.
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• Construction