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Tag: construction

Construction & Real Estate

Shamal awards contract to build 90 homes at former Dubai Zoo site

Shamal Holding, a UAE diversified investment company, has awarded the main works contract to Dutco Construction for its new residential project on the former Dubai Zoo site in Jumeirah 1. Once completed, it will boast 90 low-rise homes that blend refined architecture, nature and connected living. ...

Construction & Real Estate

Turkish builder Kalyon Inşaat starts work on UAE's first high-speed railway

Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates. ...

Construction & Real Estate

Red Sea International eyes $201m capital boost through rights issue

Red Sea International, a specialist in modular construction and prefabricated buildings, has sought regulatory approval to raise SAR280 million ($73.7 million) through a rights issue of 28 million ordinary shares, which would boost its capital to SAR762.7 million ($201 million). ...

Construction & Real Estate

Saudi construction new orders rise at fastest pace in five months, says report

Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital....

Construction & Real Estate

SSH named construction consultant for premium Oman cultural destination

SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens. ...

Construction & Real Estate

Dorsch named Expo 2030 Riyadh construction supervision consultant

Dorsch Global, a major planning and consulting group based in Germany, has announced that its Saudi unit has been signed up as one of the construction supervision consultants for Expo 2030 Riyadh, one of the kingdom's most ambitious and globally significant projects. ...

Construction & Real Estate

NMDC Group achieves $435m net profit for first half

NMDC Group, a global leader in integrated marine, energy, construction, logistics, and engineering solutions, today reported a 6% increase in revenues for the first half of 2026 (H1 2026), reaching AED14.1 billion ($3.84 billion), compared to AED13.4 billion in the same period last year....

Construction & Real Estate

CGC emerges lowest bidder for $516m Kuwait water treatment project

Kuwait-based Combined Group Contracting has emerged as the lowest bidder for a KD160 million ($516 million) water treatment project in southern Kuwait. The scope of work for the winning bidder includes construction, operation and maintenance of the treated water facilities. ...

Construction & Real Estate

Al Seeb awards main contract for $200m Chedi Private Residences project

Al Seeb Real Estate Development has awarded the main construction contract for The Chedi Private Residences, a $200 million tower on Sheikh Zayed Road in Dubai. Set for completion in Q1 2029, the 117-unit residential tower features a mix of villas, duplexes and mansions. ...

Construction & Real Estate

Jeddah Tower hits 430m mark on path to becoming world's tallest

Jeddah Tower, Saudi Arabia’s landmark mega-tall mixed-use tower, has achieved a major construction milestone reaching 430m this month. With a planned height of over 1,000m, the skyscraper, once completed, will become the first man-made structure in the world to reach a full kilometre. ...

Construction & Real Estate

Chinese group Shanxi wins $222m Oman solar plant EPC deal

Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman....

Construction & Real Estate

Safari Group seals Hail Airport expansion project contract

Saudi Arabia's Safari Group has clinched a major contract from Matarat Holding to expand Hail Airport under the Airports Cluster II programme. On completion, the airport will have spacious departures and arrivals areas as well as a new 5,600-sq-m southern extension to the existing terminal. ...

Construction & Real Estate

Work in full swing on King Abdulaziz Road underpass

Work is moving at a steady pace on the King Abdulaziz Road underpass in Riyadh with 88% excavation works already completed. This comes as part of the kingdom’s efforts to boost connectivity between project destinations and improve mobility along Prince Mohammed bin Salman Road. ...

Construction & Real Estate

UAE developers shift focus to execution as construction output seen at $131bn

The UAE's construction sector is moving beyond rapid expansion, with developers increasingly focused on project execution, sustainability and regulatory compliance, as construction output is forecast to reach $130.8 billion within the next three years, according to a report....

Construction & Real Estate

Meranti awards FEED contract for major green iron facility in Duqm

Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum. ...

Construction & Real Estate

Residential construction embraces high-performance homes amid sustainability push

Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert....

Construction & Real Estate

Bahrain pushes ahead with Muharraq city redevelopment plan

Bahrain is accelerating the redevelopment of Muharraq, rolling out infrastructure and public space upgrades as part of a wider strategy to revitalise one of the kingdom's most historic cities. The scope of work includes road development as well as upgrade of stormwater drainage and utility networks. ...

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