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Tag: contract

Construction & Real Estate

Al Ghurair awards contract for 130-unit Jumeirah Village Circle project

UAE-based Al Ghurair Development has appointed Julfar Contracting, a part of Rashed Al Jabri Group of Companies, as the main contractor for its premium residential development - Weave - located in Jumeirah Village Circle (JVC). Set for completion in 2028, it comprises 130 residences with a mix of one- to three-bedroom apartments along with premium amenities. ...

Construction & Real Estate

MSGA signs residential units sale deal with Sakan

Saudi-based MSGA Investment Company has signed an agreement with the kingdom's Developmental Housing Foundation (Sakan) for the sale of residential units within its premium project - MSGA 30 project - at Al Safa district in Riyadh. ...

Construction & Real Estate

Saudi Steel Pipe wins key Aramco supply contract

Saudi Steel Pipe Company (SSP), a leading manufacturer and supplier of electrically resistance welded (ERW) steel pipes, has announced that it has secured a key contract to deliver steel pipes to Saudi oil giant Aramco. The entire supply work will be completed within a one-year period. ...

Construction & Real Estate

SARCO unit wins Binladin housing project work

Saudi Arabian Refineries Company (SARCO) has announced that one of its key subsidiaries - Lawazim Industrial Company - has been signed up by Saudi Binladin Group to deliver subcontracting works for its National Guard Housing Project located in Qassim region....

Construction & Real Estate

GCC contract awards plunge 37pc in Q3 amid geopolitical turmoil

GCC project contract awards fell sharply in the third quarter of 2026 as the economic impact of the region’s prolonged geopolitical turmoil weighed on activity, although awards for the first nine months of the year rose 2.5% over the same period last year to hit $204.1 billion, said a report. ...

Construction & Real Estate

Saudi Steel Pipe seals key Aramco supply contract

Saudi Steel Pipe Company has announced that it has sealed a major contract with Saudi oil giant Aramco to supply steel pipes for its oil and gas projects. The entire work will be completed within a one-year period. ...

Construction & Real Estate

Meraas awards contract to build 272 new homes at Nad Al Sheba Gardens

Meraas, a member of Dubai Holding Real Estate, has awarded a contract valued at nearly AED1 billion ($272.3 million) for the construction of 272 new villas and townhouses in Phase 7 of the Nad Al Sheba Gardens residential development. The project is set for completion in Q2 2028. ...

Construction & Real Estate

Nakheel awards $218m construction contract for Bay Grove Residences

Dubai developer Nakheel has awarded the main construction contract worth over AED800 million ($218 million) to Metac General Contracting for key phases of Bay Grove Residences on Dubai Islands. The deal covers the construction of 537 one- to four-bed homes across seven buildings. ...

Construction & Real Estate

Unigaz Arabia in deal to develop integrated Saudi gas storage plant

Saudi authorities have announced the signing of a key investment contract with Unigaz Arabia for the development of an integrated gas storage, filling and distribution plant coming up on a 200,000-sq-m site in the kingdom's Hail region, said a report. ...

Construction & Real Estate

Qiddiya awards $221m mechanical package for FIFA World Cup 2034 stadium

Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services. ...

Construction & Real Estate

Arabian Drilling expands GCC footprint with new offshore contract

Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country. ...

Construction & Real Estate

Aqualia wins three-year renewal to operate Saudi floating desal plants

Spanish water company Aqualia has secured a three-year contract renewal from National Shipping Company of Saudi Arabia (Bahri) for the operation and maintenance of three floating desalination plants in Yanbu with a combined capacity of 150,000 cu m of drinking water per day. ...

Construction & Real Estate

Empower net profit up 16.2pc in H1; revenue soars to $413m

Emirates Central Cooling Systems Corporation (Empower) has recorded solid results for the first half of 2026 with a 16.2% jump in its net profit, while its revenue rose to AED1.52 billion ($413 million) mainly driven by the growing demand for cooling services across Dubai....

Construction & Real Estate

L&T unit secures over $1.5bn order from ADNOC Offshore

India's top engineering and construction conglomerate Larsen and Toubro (L&T) has announced that its key subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order - valued at over Rs150 billion ($1.57 billion) - from ADNOC Offshore for development of multiple offshore facilities....

Construction & Real Estate

BYD secures 11.27GWh Masdar contract for mega RTC project

BYD Energy Storage has announced that it has secured a major contract from Masdar, a global clean energy leader, for a gigascale round-the-clock renewable energy project in Abu Dhabi. The project has a single-station scale of 1,644 MW with 11.275 GWh of BYD Haohan deployed. ...

Construction & Real Estate

Salco Saudi lands Knowledge Economic City project work deal

Knowledge Economic City has announced that one of its key subsidiaries Algharraa International Real Estate has awarded an infrastructure works contract to Salco Saudi Contracting for the Southeastern District project coming up within its premises in Madinah. ...

Construction & Real Estate

Arabian Pipes secures key Saudi Aramco supply contract

Arabian Pipes Company (APC) has announced that it has secured a key contract from Saudi oil giant Aramco for the manufacturing, coating and supply of steel pipes for one of its projects. The entire work will be completed within a eight-month period. ...

Construction & Real Estate

Tomorrow World awards key Dubai Islands project contract

UAE-based Tomorrow World Properties has officially appointed SKR Building and Contracting (SKR) as the main contractor for its new premium development, Tomorrow 166, located on Dubai Islands. The construction work is officially underway, with handover set for Q4 2027. ...

Construction & Real Estate

Nesma lands King Abdullah Economic City infrastructure contract

Saudi developer Emaar, The Economic City has announced that it has awarded an infrastructure construction contract worth SAR547.4 million ($146 million) to Nesma & Partners for key projects within the Special Economic Zone in the Industrial Valley of King Abdullah Economic City (KAEC). ...

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