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Tag: SaudI

Construction & Real Estate

Ladun JV lands $639m Riyadh infrastructure development works deal

Ladun Investment Company said its joint venture with Al Ayuni Investment has been awarded SAR2.4 billion ($639 million) contracts for the infrastructure development works on key Al Qirawan, Al Narjis and Namar plots under the Real Estate Balance Program – Phase One in Riyadh....

Construction & Real Estate

Lenovo in deal to boost AI, digital infrastructure in Saudi housing sector

Lenovo has signed an agreement with Saudi National Housing Company Innovation for potential collaboration backing the kingdom’s evolving residential and digital infrastructure landscape. The deal sets out a foundation to boost co-operation across advanced technologies such as AI and data science. ...

Construction & Real Estate

Blacksand, Marriott sign deal to develop 10 hotels in Saudi Arabia

Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments. ...

Construction & Real Estate

Acciona wins Haramain High-Speed Rail FM services contract

Spanish infrastructure major Acciona has announced that its facility service unit has been awarded a three-year contract to provide technical train cleaning and housekeeping services for the Haramain High-Speed Railway, one of Saudi Arabia's most advanced transportation systems. ...

Construction & Real Estate

Umm Al Qura, Osus join hands for $266m residential project in Makkah

Saudi-based Umm Al Qura for Development and Construction has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($266.3 million) in Makkah city. The project will involve the development of three residential towers featuring 690 apartments. ...

Construction & Real Estate

Hassan Allam JV lands Waldorf Astoria superblock contract in Diriyah

Hassan Allam Holding, a leading engineering and construction company in the Mena region, said one of its key subsidiaries, in a joint venture with UCC Saudi, has secured the contract for Waldorf Astoria Hotel, Residences & Mixed Use Super Block located within the kingdom's mega development Diriyah. ...

Construction & Real Estate

Qassim boosts sports infrastructure with 19 football fields

Saudi authorities have announced significant growth in the sports infrastructure across the Qassim region over the last few years, supported by public-sector projects and private investment. The number of sports facilities has risen to 270, including 19 football fields in Buraidah. ...

Construction & Real Estate

RCU approves design for new astro-tourism project in AlUla

The Royal Commission for AlUla (RCU) has approved the design of AlUla Manara, an astronomical discovery and astro-tourism hub coming up in the ancient Saudi city. The facility will feature an observatory, a world-class research centre, advanced telescopes and observation platforms for stargazing. ...

Construction & Real Estate

Dar Global awards design-and-build contract for premium Diriyah project

Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks. ...

Construction & Real Estate

Shalfa secures contract to provide FM services at Qassim school buildings

Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services. ...

Construction & Real Estate

Saudi Arabia launches tender for landmark Makkah development project

Saudi Holy Capital Municipality and National Center for Privatisation & PPP have launched the tender process for a key project on Prince Sultan bin Abdulaziz Road in Makkah. The scope of work includes development of 166,488-sq-m land on Al Hada Road under a build-own-operate-transfer (BOOT) model. ...

Construction & Real Estate

TKE Alat breaks ground on Dammam elevator manufacturing plant

TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City. ...

Construction & Real Estate

Rikaz expands into Saudi education sector with new fund

Saudi developer Rikaz said it has joined First Avenue Real Estate Development Company, AlMajdiah and SNB Capital for the establishment of a new investment fund that is focused on the kingdom's education sector. This initiative represents a strategic step in Rikaz’s growth journey, expanding its investments into a vital sector directly linked to human capital development and improving quality of life. ...

Construction & Real Estate

Umm Al Qura unveils new mixed-use urban destination in Makkah

Saudi developer Umm Al Qura has announced the launch of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by extensive infrastructure, green spaces, pedestrian pathways and modern mobility solutions. ...

Construction & Real Estate

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

Construction & Real Estate

Elsewedy Electric steps up efforts to empower Saudi women in the workplace

Elsewedy Electric, a leading provider of energy and infrastructure solutions in EMEA region, said the group continues its efforts to empower Saudi women and actively engage them in the workplace. Its Saudi female employees currently represent 6.5% of the group’s total workforce in the kingdom. ...

Construction & Real Estate

Rikaz consortium lands $566m Makkah mixed-use project contract

Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah. ...

Construction & Real Estate

Red Sea Global achieves major carbon reduction milestone

Red Sea Global, the Saudi developer behind the key tourism destinations The Red Sea and Amaala, said it has secured an independent third-party verification from DNV confirming that the company avoided 117,879 tonnes of carbon dioxide (tCO₂e) in 2024 through its renewable energy operations. ...

Construction & Real Estate

Saudi NCP launches bids for key public parks project

Saudi Arabia's National Center for Privatisation & PPP (NCP) has launched the expressions of interest (EOIs) and requests for qualification for the operation and maintenance of a new public parks project. The 15-year contract will cover 50 parks across three regions - Eastern Province, Jeddah, and Madinah region. ...

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