Tag: construction

Construction & Real Estate

Dubai opens 1,650-m-long Al Khaleej Street Tunnel network

Dubai’s Roads and Transport Authority (RTA) has opened the 1,650-m-long Al Khaleej Street Tunnel in a significant addition to Deira’s road network. Extending from the Infinity Bridge ramp to Al Wuheida Street intersection, it features three lanes in each direction with a capacity of 12,000 vehicles per hour. ...

Construction & Real Estate

Saudi PIF unit Ardara kicks off first phase of AlWadi development

Ardara, a company of Saudi wealth fund PIF, said early construction works have begun on the first cluster of its AlWadi development in Abha. On completion, the 2-million-sq-m development will boast 7,306 apartments, 90 villas and townhouses as well as 2,783 hotel keys. ...

Construction & Real Estate

Marjan marks topping-out of RAK Central Square development

Ras Al Khaimah master developer Marjan has achieved a major construction milestone with the topping-out of RAK Central Square, a mixed-use Grade A office district in the northern emirate. Construction has progressed across all its five towers, with the development on track to open in Q4 2027. ...

Construction & Real Estate

Big 5 Global to spotlight construction procurement, supply chain solutions

Big 5 Global returns to Dubai this month, bringing together over 1,800 exhibitors from 60 countries as the construction industry across the Mideast, Africa and South Asia looks to boost procurement efficiency, supply chains and adopt technologies that support project delivery, said the organisers. ...

Construction & Real Estate

Sumou partners with Saudi Downtown on Al Khobar residential project

Sumou Real Estate Company has signed an agreement with Saudi Downtown Company, a key unit of the kingdom's sovereign wealth fund PIF, for the development of a prime residential project in Downtown Al Khobar, involving mid-rise buildings on a 28,292-sq-m plot south of the Boulevard....

Construction & Real Estate

Vision breaks ground on 246-unit residential project in Dubai

Vision Developments has announced the official groundbreaking of Sera Gardens by Vision, a key residential development comprising 246 apartments, with a diverse collection of studios, one and two-bedrooms as well as three and four-bedroom duplexes in Dubai Production City. ...

Construction & Real Estate

Emirates Stallions net profit up 36pc; revenue hits $354m

Emirates Stallions Group, a subsidiary of Abu Dhabi group IHC with key interests in construction, investment and real estate, has delivered solid results for the first nine months with a 36% jump in its net profit, while its revenue soared to AED1.3 billion ($354 million), supported by continued advancement across ongoing development projects. ...

Construction & Real Estate

Acwa Power signs $478m water purchase deal for Dubai desal project

Saudi utility major Acwa Power has sealed a SAR1.79 billion ($478 million) water purchase agreement with the Dubai Electricity and Water Authority for the Hassyan project with a capacity of 272,000 cu m of water per day. The scope of work includes development, funding, construction and operation of the SWRO plant....

Construction & Real Estate

Kuwait group Specialities Construction lands $78m Al Mutlaa City contract

Specialities Construction General Trading & Contracting, a unit of Kuwait-based conglomerate Specialties Group Holding, said it has secured a KD24.2 million ($78 million) contract for the construction and maintenance of public buildings and associate infrastructure at Suburb Center (N1) in Al Mutlaa City. ...

Construction & Real Estate

DETech snaps up $572m Dubai stormwater drainage contracts

DETech Contracting, a leading infrastructure and construction company based in UAE, said it has secured stormwater drainage contracts worth AED2.1 billion ($572 million) from Dubai Municipality under the Tasreef Programme. The scope of work includes adding 100 km of main drainage lines to the network. ...

Construction & Real Estate

Dubai awards $816m contracts for stormwater drainage projects

Dubai Municipality has awarded contracts worth AED3 billion ($816 million) for four new projects under Phase 3 of the ‘Tasreef’ Programme to develop the city's stormwater drainage network. The scope of work includes the construction and extension of 100 km of main drainage lines. ...

Construction & Real Estate

Nakheel awards $259m contract for Bay Grove Residences

Dubai master-developer Nakheel has announced that it has awarded Parkway International a construction contract valued at over AED950 million ($259 million) for Phases 2 and 4 of Bay Grove Residences on Dubai Islands. It covers 617 homes ranging from one to four-bedroom across eight residential buildings. ...

Construction & Real Estate

L&T showcases innovative renewable energy, power T&D solutions at Wetex

Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, showcased its latest advancements in renewable energy, power transmission and digital grid solutions to industry professionals from more than 60 countries at the Water, Energy, Technology and Environment Exhibition (Wetex) 2026 expo held in Dubai. ...

Construction & Real Estate

Azizi's mixed-use project in Dubai Studio City 62pc completed

Azizi Developments has announced steady progress on its contemporary mixed-use community - Beach Oasis II - located at Dubai Studio City, with 62% work completed. Once ready, it will feature 694 residences with a mix of studios and one- and two-bed units along with other lifestyle amenities. ...

Construction & Real Estate

Damac expands offsite manufacturing with new 17,000-sqm factory

UAE-based Damac Properties is investing in offsite manufacturing to speed up construction and improve quality and efficiency. Through its offsite manufacturing division, the Dubai developer is setting up a multi-line factory spanning more than 17,000 sq m to produce X-Panel systems and smart building solutions. ...

Construction & Real Estate

Global construction activity to surge over 70pc by 2050, says report

Global construction activity is forecast to rise more than 70% by 2050, reaching $16.6 trillion, mainly driven by five megatrends: population growth and urbanisation; infrastructure and housing deficits; climate adaptation; sovereignty and strategic resilience; and high-tech infrastructure, said a report. ...

Construction & Real Estate

Al Masraf seals project financing deal with Innovo Group

Al Masraf (Arab Bank for Investment & Foreign Trade) has announced that it has inked a major project financing deal with Innovo Group, an industry leader in construction and development across the built environment. This funding will help Innovo in delivering a significant project. ...

Construction & Real Estate

Forbes unveils Middle East sustainability leaders list for 2026

Forbes has unveiled the fourth edition of its annual ranking - The Middle East’s Sustainability Leaders 2026 - recognising 145 executives advancing the region’s transition to a more low-carbon economy. The list spans 17 key sectors including real estate and construction, oil and gas, banks, logistics and tourism. ...

Construction & Real Estate

Top construction expos Saudi Build, Elenex postponed to next year

Two of the major events in the Saudi construction sector - the 36th edition of Saudi Build and the 27th edition of Saudi Elenex - originally scheduled to be held from November 2 to 5 in the capital Riyadh have been postponed to next year due to the ongoing Middle East tensions....

Construction & Real Estate

L&T in deal to develop Saudi renewable energy talent

Indian construction and engineering conglomerate Larsen & Toubro (L&T) has signed an agreement with Onaizah Colleges to prepare Saudi students for careers in renewable energy, supporting the kingdom’s energy transition and its Vision 2030 goal of developing a skilled national workforce. ...