Dubai Municipality has awarded AED 1.439 billion in contracts for four major projects under the AED 30 billion ..Read More

Dubai Municipality has awarded AED 1.439 billion in contracts for four major projects under the AED 30 billion 'Tasreef' initiative, Dubai’s largest unified stormwater drainage system. These projects will serve key areas like Al Garhoud, Al Quoz, and Jumeirah, adding over 36 km of new drainage lines to boost flood mitigation and service efficiency. Aimed at increasing the network’s capacity by 700% over 100 years, the initiative aligns with Dubai’s vision for sustainable, climate-resilient, and future-ready infrastructure.
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Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable p ..Read More

Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable plastic production facility in the KEZAD free zone, Abu Dhabi, set to be operational by early 2028. The pre-EPC contract was signed on 14 April 2025, and Sulzer has been selected as the technology provider. The project underscores Emirates Biotech’s commitment to sustainable innovation and aims to replace fossil-based plastics with renewable alternatives.
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Dubai’s RTA has awarded a AED 786 million contract to build a 1,425m, 8-lane bridge connecting Bur Dubai to ..Read More

Dubai’s RTA has awarded a AED 786 million contract to build a 1,425m, 8-lane bridge connecting Bur Dubai to Dubai Islands, with capacity for 16,000 vehicles/hour and a 75m navigational channel. The project, part of the Al Shindagha Corridor, includes pedestrian and cycling tracks, and 2,000m of surface roads. It’s the second major access project to Dubai Islands and ties into a broader AED 6 billion RTA–Dubai Holding agreement to improve connectivity across 15 key areas, aiming to reduce travel times by up to 70% and support sustainable, integrated community development.
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Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sq ..Read More

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sqm industrial zone for the Ras El Hekma megaproject in Egypt. The zone will focus on attracting manufacturers of sustainable building materials, strengthening supply chains, and driving industrial growth. Anchor partners include Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. Projected to generate 20,000+ jobs and boost Egypt’s GDP, the zone will enhance Egypt’s trade position and Ras El Hekma’s vision as a globally competitive hub.
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• Manufacturing

SAL Logistics Services and Sela signed an agreement to develop the SAR 4 billion SAL Logistics Zone in Falcons ..Read More

SAL Logistics Services and Sela signed an agreement to develop the SAR 4 billion SAL Logistics Zone in Falcons City, north of Riyadh, covering 1.5 million sqm. Strategically located near King Khalid International Airport, the zone will feature Class A warehouses, scalable storage, and advanced infrastructure to boost Saudi Arabia’s supply chain efficiency and attract global investors. Falcons City, spanning 14.4 million sqm, will integrate logistics, aviation, commercial, and residential sectors, aligning with the National Transport and Logistics Strategy to position Saudi Arabia as a global logistics leader.
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Oman’s Ministry of Transport, Communications, and Information Technology signed three strategic agreements t ..Read More

Oman’s Ministry of Transport, Communications, and Information Technology signed three strategic agreements to enhance road, port, and maritime services. The agreements include a 30-km Izki-Nizwa dual carriageway project with Galfar Engineering, the development of a quarry transport port in Shaleem with Manji International Ports, and an investment framework with ILS Oman to boost ship supply and crew change activities at Port Sultan Qaboos, aligning with its role as a tourist destination.
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Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi ..Read More

Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi Fransi (BSF) to fund the Wadi Safar masterplan, a 62 sq km ultra-luxury residential development featuring hotels, a golf course, and leisure facilities. This follows a USD 2.13 billion (SAR 8 billion) construction contract awarded in July 2024 for the Royal Equestrian & Polo Club and four luxury hotels. Diriyah, supported by PIF, aims to create 178,000 jobs, attract 50 million annual visitors, and contribute USD 18.6 billion to Saudi Arabia’s GDP.
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• Finance

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office ..Read More

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office GFA, 450 residential homes, and 15,000 sq m of retail space, including the 325-room 1 Hotel Diriyah. The district will host global media and tech leaders, promoting sustainability and innovation. MIPIM 2025 also announced Armani Residences Diriyah with 15 curated homes by Giorgio Armani. As part of the $63.2 billion Diriyah masterplan, the project will create 178,000 jobs, attract 50 million visits annually, and contribute $18.6 billion to Saudi Arabia’s GDP.
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