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Tag: Saudi Arabia

Construction & Real Estate

Saudi Arabia launches PPP tender for new Taif airport project

Saudi Arabia's Matarat Holding and the National Center for Privatisation & PPP (NCP) have issued request for proposals (RFP) to qualified bidders for the development of the new Taif International Airport project. A PPP project, it will be implemented under a Build-Transfer-Operate (BTO) model. ...

Construction & Real Estate

Canadian group Cority boosts Saudi presence with new regional HQ

Canadian group Cority has announced a significant expansion of its presence in Saudi Arabia with the launch of its new regional headquarters. Its cloud-based architecture enables organisations to centralise EHS data, improve transparency, and give teams a clearer, faster view of risk across operations....

Construction & Real Estate

First Avenue fund targets prime Saudi education real estate assets

First Avenue for Real Estate Development has signed an agreement with SNB Capital, Dar Al Majed and Rekaz to set up an investment fund that will acquire and build educational facilities across Saudi Arabia. This comes as part of First Avenue's strategy to diversify its portfolio and income streams. ...

Construction & Real Estate

GFH, Octo in deal to develop $300m logistics and industrial platform

GFH, a leading Islamic investment bank, has announced that it has sealed a strategic agreement with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia. ...

Construction & Real Estate

RSG completes modernisation of AlWajh International Airport

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has completed the modernisation of AlWajh International Airport (EJH) located in northwest Saudi Arabia....

Construction & Real Estate

PIF, Talaat Moustafa in deal to develop key Saudi urban projects

Saudi Arabia's sovereign wealth fund PIF has reached an agreement with Talaat Moustafa Group Saudi that will see the duo explore opportunities, boost co-operation and collaborate in mixed-use real estate projects with the premium developments owned by PIF across the kingdom. ...

Construction & Real Estate

Georg Fischer opens new commercial office in Riyadh

Georg Fischer (GF), a Swiss company dedicated to the manufacture, supply and marketing of thermoplastic piping systems, has announced the opening of its commercial office in Riyadh. With this move, GF aims to bring its global Flow Solutions expertise closer to its customers in Saudi Arabia....

Construction & Real Estate

Saudi Arabia to launch new project to cool Riyadh's streets, buildings

Royal Commission for Riyadh City (RCRC) is gearing up to launch a major urban cooling project in the Saudi capital that aims to reduce temperatures on roads, walls and other urban surfaces by up to 15°C, said a report. Top Greek consulting firm Planet has been signed up as the lead consultant for the project....

Construction & Real Estate

MYCRANE strengthens commercial team in Saudi Arabia

MYCRANE, the first global platform for crane rental and purchase, has further strengthened its commercial team in Saudi Arabia with the appointment of Shiraaj Shaleeh as Head of Sales and Aashish Mulye as Sales Manager, both based in Riyadh....

Construction & Real Estate

KSA real estate sees measured growth, market repositioning in Q1

Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said. ...

Construction & Real Estate

Intersec Saudi Arabia back in November with its largest edition

Intersec Saudi Arabia, the kingdom’s leading platform for security, safety, and fire protection, will be back in November in capital Riyadh with its largest edition, increasing exhibition space by 40% to meet demand even as the Saudi security market is set to hit $3.4 billion by 2030....

Construction & Real Estate

ALEC Holdings posts $1.25bn Q1 revenue, up 87%; net profit doubles

ALEC Holdings, a market-leading diversified engineering and construction group with operations focused on large-scale, complex and iconic buildings and energy projects in the UAE and the KSA, reported a strong set of results for the first quarter ended March 31, 2026 (Q1 2026)....

Construction & Real Estate

Saudi Eastern Province real estate market worth $37bn

The real estate sector in Saudi Arabia's Eastern Province has a market size exceeding SAR140 billion ($37.16 billion), it was revealed at the fourth edition of Saudi Expo Real Estate Development and Ownership (SEREDO 2026)....

Construction & Real Estate

Key entertainment destination Al-Khobar Terrace opens

Saudi Arabia's Eastern Region Municipality has inaugurated Al-Khobar Terrace, a landmark waterfront development project, which aims to enhance Al-Khobar’s position as a leading tourism and entertainment destination....

Construction & Real Estate

Sumou seals lease agreement with Saudi Airlines Real Estate Development

Saudi Arabia’s Sumou Real Estate has signed a 35-year-long lease agreement with Saudi Airlines Real Estate Development Company (SARED) for a 78,374 sq m land plot in Jeddah. As per the deal, Sumou will develop an integrated mixed-use project on the land, located in the southwestern corner of a master-planned area. ...

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