Saudi Entertainment Ventures (SEVEN), part of the Public Investment Fund (PIF), is investing SAR 1.3 billion t ..Read More

Saudi Entertainment Ventures (SEVEN), part of the Public Investment Fund (PIF), is investing SAR 1.3 billion to develop a new entertainment destination in Jazan, designed by Gensler and built by Alfanar Projects. Spanning 73,000 m², the project will feature an indoor golf course, cinema complex, thrill rides, electric karting, an adventure center, dining, and retail options, reflecting Jazan’s natural beauty and cultural heritage. It is part of SEVEN's broader plan to create 21 entertainment destinations across 14 cities in Saudi Arabia.
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• Construction

Bawan announced that its subsidiary, Petronash Arabia, secured an SAR 832 million contract with Saudi Aramco t ..Read More

Bawan announced that its subsidiary, Petronash Arabia, secured an SAR 832 million contract with Saudi Aramco to supply special products for gas wells. This is the third purchase order under a long-term agreement, with deliveries scheduled from October 2025 to August 2026.
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• Oil & Gas

Shandong Electric Power Construction (SEPCO) has been awarded the contract for the 300 MW Rabigh 2 solar power ..Read More

Shandong Electric Power Construction (SEPCO) has been awarded the contract for the 300 MW Rabigh 2 solar power project in Saudi Arabia, part of Round 5 of the National Renewable Energy Program (NREP). The project, developed by a TotalEnergies and Aljomaih consortium under a 25-year PPA with SPPC, aims to support Vision 2030 by achieving a 50% renewable energy mix. Grid connection is planned for 2026.
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• Power

Dar Global and the Trump Organization have announced Trump Tower Jeddah, a SAR 2 billion, 47-floor luxury resi ..Read More

Dar Global and the Trump Organization have announced Trump Tower Jeddah, a SAR 2 billion, 47-floor luxury residential tower along Jeddah's Corniche. Featuring the Kingdom's first exclusive Trump Club, the tower offers elite residences, world-class facilities, and breathtaking Red Sea views. This project marks the third collaboration between the two entities, showcasing a commitment to ultra-luxury and modern urban living in the Middle East.
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• Construction

Retal Urban Development Company has signed a SAR 349 million contract with its subsidiary, Building Constructi ..Read More

Retal Urban Development Company has signed a SAR 349 million contract with its subsidiary, Building Construction Company, to construct 502 residential units in Riyadh's Al-Fursan district over 30 months. Aiming to enhance quality of life through innovative urban projects, Retal, a subsidiary of Alfozan Holding, has been a prominent developer in Saudi Arabia since 2012.
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• Construction

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Developme ..Read More

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Development Company, has signed an agreement to establish a real estate investment fund valued at over SAR 3.5 billion. The fund will develop a mixed-use project in the URBAN WADI area of the Sports Boulevard in Riyadh, covering 39,759 square meters with over 207,000 square meters of built-up space. The project is set to redefine Riyadh's skyline and will be developed over a seven-year period.
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• Construction

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavat ..Read More

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works in the second phase of the Diriyah project, covering 6.3 square kilometers. This phase will lay the foundation for major cultural assets, including the Royal Diriyah Opera House and Diriyah Arena, aligning with Saudi Vision 2030. The project will incorporate sustainability practices, including repurposing excavation materials for other uses. This contract follows several other significant awards for the Diriyah development.
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• Construction

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resor ..Read More

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resort in Al-Ahsa under the "Tuaja Luxury Resorts" brand. The 1.8 million square meter resort will offer three distinct experiences: luxury, eco-friendly, and adventure resorts, featuring 201 accommodations and a range of facilities. The project focuses on sustainability, community empowerment, and environmental conservation, aligning with Saudi Vision 2030 and enhancing Al-Ahsa’s tourism appeal.
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• Construction