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Tag: Saudi

Construction & Real Estate

Chinese firms to start work on $5bn Abha-Jazan road project

Leading Chinese firms are set to start work on a 130-km road linking Abha in Saudi Arabia’s Aseer province with Jazan, in a project valued at SAR19 billion ($5 billion), said a top Saudi official. The project scope includes construction of 26 bridges and tunnels as well as key infrastructure for multimodal transport systems. ...

Construction & Real Estate

Ladun secures $637m Riyadh infrastructure development contracts

Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting. ...

Construction & Real Estate

EmaarEC awards King Abdullah Economic City infrastructure works contract

EmaarEC, the master developer of King Abdullah Economic City (KAEC), has announced that it has awarded a major contract to Nesma and Partners to carry out infrastructure development works within the Industrial Valley and the Special Economic Zone at KAEC. ...

Construction & Real Estate

GCC projects market hit by Iran war, contracts down 9.7pc

The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE. ...

Construction & Real Estate

First Avenue signs deal with Asas Makeen for Saudi residential project

Saudi-based First Avenue for Real Estate Development Company has signed an addendum to its contract with Asas Makeen Real Estate for a key residential project in Al Hada District. Following the completion of the detailed designs and technical specifications, the project cost has been set at SAR86 million ($22.9 million). ...

Construction & Real Estate

Rawasi, Saudi Energy ink power network upgrade deal

Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region. ...

Construction & Real Estate

Hassan Allam-AlBawani JV lands $490m Saudi museum contract

Hassan Allam Holding and AlBawani Holding have announced that their joint venture has been awarded a SAR1.84 billion ($490 million) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA), one of the most prominent cultural and iconic projects within the Diriyah development plan. ...

Construction & Real Estate

Ladun in deal to develop mixed-use real estate project in Riyadh

Saudi-based Ladun Investment Company has announced that it has signed an agreement with Asbar Capital Company for the implementation of a mixed-use real estate development project on a plot of land owned by one of its key funds, located in Riyadh....

Construction & Real Estate

Al Yamamah seals key Saudi steel wind towers contract

Saudi-based Al Yamamah Steel Industries has announced that it has been awarded a key contract by the Sepco III Electric Power Construction to deliver steel wind towers for its Yanbu Wind farm. The entire contract work will be completed within the next nine months. ...

Construction & Real Estate

Mutlaq Al Ghuwairi inks deal with Alfanar for 380 kV Saudi substation

Saudi-based Mutlaq Al Ghowairi Contracting has announced that it has signed an agreement with Alfanar Projects to implement a 380 kV electrical substation unit within the scope of the works of the Jubail-Buraidah Independent Water Transmission Pipeline Project. ...

Construction & Real Estate

Saudi Arabia seeks bids for Quality Valley project in Riyadh

Saudi Arabia has announced the launch of the Expression of Interest (EoI) phase for the development of the Quality Valley project in Riyadh under a PPP model. The project scope includes the development of the HQ site of Saso in Riyadh and transforming it into a 191,000-sq-m integrated mixed-use masterplan. ...

Construction & Real Estate

Riyadh Development completes asset transfer for Al Deera project

Riyadh Development Company has announced that it has successfully completed the transfer of the Al Taamir Commercial Wholesale Centre to Deera Development and Real Estate Investment Company as part of plans to develop the Al Deera neighbourhood markets....

Construction & Real Estate

Rua Al Madinah awards $2bn contract for superblock five project

Rua Al Madinah, a leading Saudi developer and PIF unit, has awarded a SAR8 billion ($2.1 billion) contract for the construction of superblock five within the holy city’s mega tourism and cultural development, featuring 10 branded hotels including JW Marriott, Le Meridien, Sheraton, Fairmont and Hyatt. ...

Construction & Real Estate

Dammam gears up key Saudi real estate expo Seredo 2026

Leading real estate companies, developers, investors and financial institutions as well as government agencies will be in Saudi city of Dammam for the fourth edition of the Saudi Expo Real Estate Development & Ownership (Seredo 2026) which kicks off on May 4. ...

Construction & Real Estate

Saudi Arabia's cement sales in Q1 down 4.7pc

The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% y-o-y and 21.3% m-o-m to hit 3.37 MT, reflecting the holiday effect and recent geopolitical developments, according to a new report. The sales volume for the first three months fell by 4.7% y-o-y to 12.76 MT. ...

Construction & Real Estate

Kingdom Holding acquires key stake in Breakthrough Energy Ventures

Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV), a key investor in innovative clean-energy and sustainability technologies, from Prince Alwaleed bin Talal bin Abdulaziz AlSaud for SAR255 million ($68 million). ...

Construction & Real Estate

Saudi Intermaint lands EPC contract for cement mill project

Saudi Intermaint, a leading contractor delivering construction, fabrication and maintenance services for heavy industry across the Gulf, has secured its first EPC contract for a cement mill project. The scope of work includes engineering and execution capabilities at the plant. ...

Construction & Real Estate

Juranah strategic water reservoir project achieves key construction milestone

Sharakat, a leading entity in the Saudi water sector, has announced that Juranah Independent Strategic Water Reservoir project has achieved a key milestone, clocking 4.9 million safe working hours without a Lost Time Injury (LTI). With work in full swing, the project is set for commercial operations in Q2 next year. ...

Construction & Real Estate

Jeddah shines in Saudi residential sector with record $9.7bn sales in 2025

Saudi Arabia’s three major residential markets – Riyadh, Jeddah and Dammam – delivered contrasting performances in 2025, said an expert. Jeddah emerged the top performer with record sales of SAR36.6 billion ($9.75 billion) followed by Dammam while in capital Riyadh, elevated financing costs led to a decline in buyer activity. ...

Construction & Real Estate

King Abdullah Gardens Project enters fast-track

Construction on the King Abdullah Gardens (KAGA) is advancing rapidly, marking significant progress on one of Riyadh's most prominent environmental initiatives. Spanning more than 2 million sq m, KAGA ranks among the world's three largest covered botanical gardens. ...

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