Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the ..Read More

Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the Dar Al Hijra project in Madinah, Saudi Arabia. Spanning nearly 1 million sqm, the mixed-use urban development will include residential units, commercial spaces, educational institutions, and healthcare facilities. The project aligns with Saudi Vision 2030 and has already seen over 50% progress on ongoing constructions covering 168,000 sqm. Rua Al Madinah was also awarded the Local Content Excellence Award for mega projects.
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• Construction

Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastruc ..Read More

Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastructure works at Riyadh Integrated, a key logistics hub near King Khalid International Airport, operated by SILZ Company. The scope includes roads, utilities, landscaping, and utility buildings, aligning with Saudi Vision 2030 to position the Kingdom as a global logistics leader. Egis will ensure long-term scalability and sustainable infrastructure delivery.
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• Construction

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contrac ..Read More

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contract with Aramco to lead phase one of the National EPC Champion Initiative, focusing on water handling facility upgrades in South Ghawar. The project supports Saudi Arabia’s MSC crude oil targets and emphasizes operational excellence, workforce development, advanced technologies, and sustainability aligned with Vision 2030. NesmaKent’s role strengthens local supply chains and the Kingdom’s energy infrastructure leadership.
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• Oil & Gas

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, ..Read More

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, located 5 km north of the Wafra field. The Wara-Burgan-1 well produced over 500 barrels per day with an API gravity of 26-27 degrees. This is the first discovery since production resumed in the Partitioned Zone in mid-2020, strengthening both countries’ roles as reliable global energy suppliers.
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• Oil & Gas

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Ho ..Read More

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Housing Company to build villas as part of the Areem Makkah project within the Makkah Gate development. The project will span 231,637.22 m² in area O2 and be completed over 42 months. Strategically located near the road from Jeddah to Makkah, Makkah Gate offers a full-service residential community just 30 minutes from the Holy Mosque, featuring integrated amenities and green spaces to enhance quality of life.
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• Construction

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through hum ..Read More

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through human-centric experiences, digital transformation, and cutting-edge technologies. The initiative builds on ROSHN’s prior efforts, including interactive mobility experiences, hackathons, a digital transaction platform supporting nearly half of sales, and its internal innovation program with 125+ employee-generated ideas. ROSHNEXT will strengthen partnerships with local and global innovation hubs, expand investment in emerging ventures, and support Saudi Vision 2030 goals by enhancing quality of life and economic diversification.
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• Construction

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to p ..Read More

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to power gas well operations in Wa’ad Al-Shamal, Saudi Arabia. Developed with Rongke Power, the 1-MWh system supports up to five wells, is designed for extreme climates, and provides a safer, more efficient, and low-maintenance alternative to traditional batteries. This innovation supports Aramco’s net-zero 2050 goal and renewable energy strategy.
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• Oil & Gas

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transforma ..Read More

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transformation across 27 Saudi airports. The partnership aims to enhance passenger experience and operational efficiency using Thales's expertise in AI, biometrics, cybersecurity, and automation. This strategic collaboration aligns with Saudi Arabia’s Vision 2030 to establish a smart, secure aviation ecosystem.
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• Transport