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Tag: Saudi

Construction & Real Estate

Saudi–Bahrain energy ties boosted by ACWA Power–Bapco deal

ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition....

Construction & Real Estate

The Myriad to develop student living communities across Saudi Arabia

The Myriad, a top-tier student living brand, is looking at developing a series of student communities across Saudi Arabia as part of its regional expansion strategy. It is represented in KSA by the Dedicated Housing Company, a SAR2 billion ($533 million) fund JV. ...

Construction & Real Estate

Aramco stadium work in full swing; set for 2027 opening

Saudi-based Alhani Construction said work is in full swing on the landmark Aramco Stadium project in Khobar and will be completed in time for AFC Asia Cup 2027. It is being built in collaboration with Besix Construct-Albawani JV. ...

Construction & Real Estate

Saudi flour company MC4 starts work on new production facility

Leading Saudi flour production company Fourth Milling Company (MC4) said it has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 million) expansion project. ...

Construction & Real Estate

Diriyah signs up Knight Frank as consultant for premier Saudi project

Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture, has appointed Knight Frank to provide consultancy, and tenant selection services for its Media and Innovation District. ...

Construction & Real Estate

New Murabba seals agreement with US Green Building Council

New Murabba, a major developer powered by Saudi sovereign wealth fund PIF, has signed an agreement with the US Green Building Council to advance sustainable design and next-generation green building practices across Riyadh’s new downtown.​ ...

Construction & Real Estate

Saudi Arabia invites bids for King Salman Stadium project

Saudi Ministry of Sports has invited bids from top contractors to carry out construction works for the King Salman Stadium project in Riyadh. One of the world's largest sports venues, it will boast a seating capacity of over 92,000 along with key amenities. ...

Construction & Real Estate

Retal in deal to build $1.39bn residential project in Riyadh

Saudi-based Retal Urban Development Company said it has signed an agreement with National Housing Company (NHC) to build a major residential project in the Al Fursan suburb of Riyadh at a total investment of SAR5.2 billion ($1.39 billion). ...

Construction & Real Estate

Tamear wins contract for Riyadh business park project

Saudi Real Estate Construction Company (Tamear) has announced that it has secured a major contract for a business park project in Al Narjis district in Riyadh. An integrated trading hub, it will feature office spaces, restaurants and landscaped green areas. ...

Construction & Real Estate

Al Tahaluf unveils $291m residential project on Red Sea coast

Al Tahaluf, a Saudi-US joint venture comprising a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has unveiled its SAR1.07 billion ($291 million) residential community project - Soleya - within the King Abdullah Economic City (KAEC). ...

Construction & Real Estate

Land Sterling partners with Yardi to boost Saudi real estate services

Land Sterling, a key property management company, and Yardi, a global provider of cloud-based real estate technology, have signed an agreement to collaborate on advancing digital transformation and elevating service delivery within Saudi real estate market. ...

Construction & Real Estate

Saudi FM company Efsim plans IPO, to list 30pc shares

Saudi-based Efsim Facilities Management is set to proceed with its initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange. It will be listing 16.8 million shares (equal to 30% stake share capital). ...

Construction & Real Estate

PLP Architecture unveils design for landmark Saudi mixed-use development

PLP Architecture, a London-based specialist in architecture and urban design, has unveiled its landmark new development - Rikaz Towers - at Al Khobar along Saudi Arabia’s east coast, creating a destination of homes, hotel and public spaces with views across the Gulf. ...

Construction & Real Estate

Alkhorayef seals Saudi sewer networks development contract

Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a key contract from the National Water Company for the construction of sanitary sewer networks as well as laying of manholes in Hafar Al Batin and Al Qaismah governorates. ...

Construction & Real Estate

Riyad Capital launches new $453m residential development fund

Riyad Capital, a leading company in Saudi real estate investment sector, has announced the launch of a new residential development fund valued at SAR 1.7 billion ($453 million), in partnership with Mountain View KSA. It is aimed at developing ONE Mountain View, a semi-gated residential community in Al Rimal District. ...

Construction & Real Estate

Umm Al Qura in deal to sell prime residential plot in Makkah

Saudi-based Umm Al Qura for Development and Construction Company has entered into a deal with Arabian Dyar Real Estate for the sale of a 3,061 sq m plot of land within Masar Destination in Makkah. This prime plot will be used for development of residential units. ...

Construction & Real Estate

Retal wins $1.38bn Riyadh residential project contract

Saudi-based Retal Urban Development Company has announced that it has secured a SAR5.2 billion ($1.38 billion) from the National Housing Company (NHC) for the construction of 4,839 residential units in the Al Fursan suburb of Riyadh City. ...

Construction & Real Estate

Big projects, deals announced at Cityscape Global 2025

Cityscape Global 2025 continued in Riyadh with a series of real estate deals and policy discussions around how foreign direct investment is helping the real estate industry in Saudi Arabia. ...

Construction & Real Estate

NMDC Energy, Baker Hughes to localise offshore solutions in Saudi

NMDC Energy has signed a strategic MoU with Baker Hughes in Saudi Arabia to explore opportunities for localising key products and solutions. This collaboration aims to enhance service delivery in energy markets across the Middle East, North Africa, Türkiye, and India....

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