ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 hom ..Read More

ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 homes, including townhouses, duplexes, and villas, located 20 minutes from Al-Masjid Al-Haram. ALMANAR features over 18% green spaces, walking and cycling paths, and amenities such as schools, mosques, and retail centers. Inspired by the region’s architectural heritage, the homes incorporate energy-efficient technologies to promote sustainability. The launch aligns with Vision 2030’s goals of enhancing homeownership and quality of life.
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• Tourism

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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• Construction

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (S ..Read More

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (SEC) for a 12.5GWh capacity project, bringing their total collaboration to 15.1GWh. The Battery Energy Storage Systems (BESS) will be installed across five sites, fully integrating into Saudi Arabia’s power transmission network to enhance grid stability, energy efficiency, and renewable energy integration. This partnership supports Saudi Vision 2030’s goal of achieving 50% renewable energy, marking a milestone in global ultra-large-scale energy storage.
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• Power

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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• Construction

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

Ceer, Saudi Arabia’s first EV brand, announced 11 new partnerships worth SAR 5.5 billion ($1.5 billion) at t ..Read More

Ceer, Saudi Arabia’s first EV brand, announced 11 new partnerships worth SAR 5.5 billion ($1.5 billion) at the 3rd PIF Public Sector Forum, advancing its goal of 45% localization and aligning with Vision 2030. Ceer has partnered with global leaders like Foxconn and BMW while fostering a local ecosystem at King Salman Automotive Cluster, involving 263 local companies with SAR 6.6 billion in contracts. The new agreements include Zamil for HVAC systems, Obeikan Glass for alloy wheels, and Saudi Controls for EV chargers, reinforcing Ceer’s ambition to become a key global EV player.
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• Transport

Masarat Mobility Park, a partnership between TASARU Mobility Investments, Zamil Group, Alkhorayef Sons, and Da ..Read More

Masarat Mobility Park, a partnership between TASARU Mobility Investments, Zamil Group, Alkhorayef Sons, and Dar Al Himmah, is developing a 2 million sqm automotive hub in King Abdullah Economic City (KAEC) to support Saudi Vision 2030. The Park aims to attract global suppliers, develop local talent through educational partnerships, and boost local manufacturing. Leveraging KAEC’s Special Economic Zone (SEZ), it offers multimodal connectivity to expand regional operations and generate thousands of jobs. Masarat has secured ECZA certification to facilitate investor operations and enhance Saudi Arabia’s position as a regional automotive hub.
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• Transport

EWEC (Emirates Water and Electricity Company), UAE, has issued an RFP to 16 qualified bidders for the 140 MW A ..Read More

EWEC (Emirates Water and Electricity Company), UAE, has issued an RFP to 16 qualified bidders for the 140 MW Al Sila Wind IPP project, which will power 36,000 homes and reduce 190,000 tonnes of CO₂ annually. The project will expand Abu Dhabi’s wind capacity to 240 MW, with the selected developer owning up to 40% and entering a long-term PPA with EWEC. Proposals are due by Q2 2025, supporting the UAE’s renewable energy transition and future wind capacity growth to 2.6 GW by 2035.
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• Power
• PPP