Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engine ..Read More

Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engineering Corporation. The development will feature two residential towers with 678 apartments, retail outlets, and top-tier amenities like a landscaped promenade, pool, and children's play area. Scheduled for completion in Q4 2027, the project aims to become Dubai's next iconic waterfront destination.
Read Less

• Construction

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersiv ..Read More

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersive Tower, a luxury office building in Dubai International Financial Centre (DIFC). The project includes a 36-story tower with three basement levels, spanning 114,474 square meters and targeting LEED Platinum certification for sustainability. Ssangyong E&C previously completed the ICD-Brookfield Place in DIFC in 2020.
Read Less

• Construction

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the M ..Read More

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the Middle East, to support its expansion across the Gulf. GDH operates seven data centers in the UAE and Saudi Arabia and plans further growth in Kuwait, Qatar, Bahrain, and Oman to meet increasing hyperscale demand. The deal, subject to regulatory approvals, marks one of the largest global investments in a UAE-founded business, with KKR and GDH committing over $5 billion to fuel growth and strengthen AI and cloud infrastructure in the region.
Read Less

• Construction

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to laun ..Read More

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to launch the NovusCrete Consortium, focusing on sustainable concrete innovation. The initiative aims to reduce the construction sector's carbon footprint by promoting seawater concrete, recycled materials, and polymer-based solutions, aligning with Saudi Vision 2030. Led by OSP, the consortium will develop standards and codes for seawater concrete use, fostering localization, environmental sustainability, and industry innovation.
Read Less

• Construction

MATARAT Holding has selected the Sener engineering and technology group to update the masterplans for five key ..Read More

MATARAT Holding has selected the Sener engineering and technology group to update the masterplans for five key Saudi airports: Yanbu, Tabuk, Al-Baha, Al Jouf, and Al Gurayat. This initiative aligns with Saudi Vision 2030, aiming to transform the nation's airport sector into a global benchmark for sustainability and efficiency. Sener will conduct detailed analyses of each airport's traffic patterns, tourism potential, facility requirements, capacity, and environmental impact to provide comprehensive frameworks for future development.
Read Less

• Construction
• Transport

Al Madinah Regional Municipality, in collaboration with the Ministry of Municipalities and Housing and the Nat ..Read More

Al Madinah Regional Municipality, in collaboration with the Ministry of Municipalities and Housing and the National Center for Privatization & PPP, has launched the EOI and RFQ phase for the development of a 30,112-square-meter mixed-use site in Dhul Hulaifah. Located 6 km from Al Masjid an-Nabawi, the project will include a 4-star hotel, retail, and healthcare facilities, developed under a Public-Private Partnership (PPP) model. The private sector will handle design, construction, and operation for 30 years under a Build-Own-Operate-Transfer (BOOT) contract.
Read Less

• Construction
• PPP

Al Madinah Regional Municipality, along with the Ministry of Municipalities and Housing and the National Cente ..Read More

Al Madinah Regional Municipality, along with the Ministry of Municipalities and Housing and the National Center for Privatization & PPP, has launched the Expression of Interest (EOI) and Request for Qualification (RFQ) phase for the development of an 84,657-square-meter government-owned site in Sikkah Al Hadid. The project, to be executed through a Public-Private Partnership (PPP), will include a shopping mall, retail stores, a four-story healthcare facility with 200 inpatient beds, outpatient clinics, and entertainment spaces. The private sector will handle the design, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) contract for 30 years.
Read Less

• Construction
• PPP

Meydan, part of Dubai Holding Real Estate, has awarded a contract worth over AED 1 billion to Ginco General Co ..Read More

Meydan, part of Dubai Holding Real Estate, has awarded a contract worth over AED 1 billion to Ginco General Contracting LLC for Phase Two of District One West in Mohammed Bin Rashid Al Maktoum City. The project includes luxury waterfront villas and infrastructure, with completion expected in Q1 2028. This development aims to redefine premium living, reinforcing Dubai’s reputation for high-end residential projects.
Read Less

• Construction