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Tag: Saudi Arabia

Construction & Real Estate

Top firms in deal to invest in KAEC tourism, lifestyle projects

K Hovnanian ME Investments (KHME), a subsidiary of Hovnanian Enterprises, and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed an MoU with Saudi Arabia’s Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC). ...

Construction & Real Estate

Saudi Arabia completes world's first tokenised property deed transaction

The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer. This infrastructure reduces property settlement times from days to mere seconds. ...

Construction & Real Estate

Saudi TDF gears up for the opening of mega Rixos resort at KAEC

Saudi Arabia's Tourism Development Fund (TDF) has announced that Rixos Murjana is set to open in King Abdullah Economic City on Saudi Arabia’s Red Sea coast, positioning itself as the country’s largest ultra all-inclusive resort featuring 488 rooms and suites as well as 33 villas. ...

Construction & Real Estate

GFH acquires majority stake in Byrne Equipment Rental

GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....

Construction & Real Estate

Saudi Arabia announces qualified bidders for landmark One-Stop Station project

Saudi Arabia's Roads General Authority (RGA) has announced the list of qualified bidders for the country's pioneering One-Stop Station Project. A key public-private partnership project for Saudi Arabia, it will be implemented on a design-build-finance-operate-maintain (DBFOM) model. ...

Construction & Real Estate

Saudi Modon picks WSP to develop its carbon neutrality strategy

Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions. ...

Construction & Real Estate

Huge boost to PPP under new Saudi National Privatization Strategy

Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030....

Construction & Real Estate

ShaikhTech launches new real estate investment platform for global investors

ShaikhTech, a Middle East-based technology company involved in proptech, has announced the beta launch of AmanaVest, its global investment access platform designed to enable global investors to explore curated real estate and other investment opportunities in Saudi Arabia. ...

Construction & Real Estate

300,000 homes planned for Riyadh in next 3 years

Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market....

Construction & Real Estate

Saudi Arabia officially opens real estate market to foreign buyers

Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework. ...

Construction & Real Estate

Saudi Arabia issues preliminary design consultancy tenders for Jeddah Metro

Saudi Arabia has issued preliminary design consultancy tenders for the Jeddah Metro project’s Blue Line network, said a report. A 35-km-long network, the Blue Line will run from King Abdulaziz International Airport to the Haramain High-Speed Railway station covering 15 stations....

Construction & Real Estate

New Murabba signs MoU with Industry Ministry to enhance local content

New Murabba, a Public Investment Fund company, has signed a memorandum of understanding (MoU) with Saudi Arabia's Ministry of Industry and Mineral Resources to explore the strengthening of local content, expand national supply chains, and enhance industrial collaboration across one of the Kingdom’s most ambitious urban developments....

Construction & Real Estate

ROSHN Group launches villas, duplexes in Dhahran's ALDANAH community

ROSHN Group has launched two new typologies in its ALDANAH community in Dhahran, including villas with an area of 275 sq m and duplexes with an area of 246 sq m. This release caters to the aspirations of diverse customers, with a variety of home sizes and design options....

Construction & Real Estate

Al Arabia lands Saudi Cluster 2 Airports digital billboard contracts

Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period. ...

Construction & Real Estate

Big 5 Construct Saudi’s January edition targets the Kingdom’s fit-out and finishing boom

As Saudi construction sector moves at unprecedented scale and speed, Big 5 Construct Saudi has positioned its January edition as the first major industry touchpoint of the year. The four-day event focuses on fit-out, finishing and project delivery at a critical moment when project developments are rapidly moving from design into execution, said the event organisers. ...

Construction & Real Estate

Webuild-led consortium wins Riyadh Metro network extension contract

Webuild, a global leader in the design and construction sector, has announced that its consortium - comprising Indian construction conglomerate L&T, Saudi Arabia's Nesma and French rail transport giant Alstom - has secured the contract for the extension of Riyadh Metro’s Red Line network. ...

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