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Tag: saudi Arabia

Construction & Real Estate

SepcoIII achieves key milestone with 600MW Saudi wind project

Shandong Electric Power Construction Corporation III has achieved a key milestone with the successful connection of the first wind turbine at the 600MW Al Ghat Wind Power Project in Saudi Arabia to the grid. The project comprises 80 wind turbine units, each with a capacity of 7.7MW. ...

Construction & Real Estate

Saudi Arabia's Ras Tanura refinery shut after drone incident

A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions....

Construction & Real Estate

Saudi Arabia allows exemptions to Regional HQ rule for government contracts

In a major move, Saudi Arabia has allowed limited exemptions to its regional HQ rule, permitting government entities to sign contracts with international companies which do not have a base in the kingdom, said a report. This directive applies to all government agencies, funds and their affiliated bodies. ...

Construction & Real Estate

Saudi Arabia, UN working towards new national urban policy

Saudi housing ministry, in partnership with United Nations Development Programme and UN-Habitat, aims to set up the National Urban Policy that can serve as a cohesive framework linking economic diversification, housing, infrastructure and environmental sustainability across cities and regions in the kingdom. ...

Construction & Real Estate

Saudi Arabia spearheading regional green building sector growth

Saudi Arabia has emerged as a regional leader in green building sector, achieving the highest performance score of 76.3 points and clocking 1.03 million sq m of certified areas. This shift is backed by a robust network of 7,300 experts and a cumulative portfolio of 6,662 projects. ...

Construction & Real Estate

Saudi Arabia leads in green buildings with 1m sq m of certified areas

According to the Saudi Green Building Forum’s SAAF conformity and specifications system, Saudi Arabia emerged as a regional leader, achieving the highest performance score of 76.31 points and registering over 1.03 million sq m of certified areas....

Construction & Real Estate

ilmi Science Discovery and Innovation Centre at Misk topped off

The ilmi Science Discovery and Innovation Centre at Misk City in Riyadh has reached a major construction milestone with a topping-off ceremony, signalling steady progress on what is set to become one of Riyadh’s landmark developments....

Construction & Real Estate

Roshn inks $293m deal to develop Sedra community plot

Roshn Group, Saudi Arabia's leading developer powered by sovereign wealth fund PIF, has signed a SAR1.1 billion ($293 million) agreement with Arabian Dyar, a pioneering real estate group in the kingdom, for the development of a 55,000 sq m land plot within the Sedra community in Riyadh. ...

Construction & Real Estate

MYCRANE appoints new Director of Sales & Marketing for Saudi Arabia

MYCRANE, the first global platform for crane rental and purchase, has appointed Aziz Amri as Director of Sales and Marketing for Saudi Arabia, strengthening the company's commercial leadership as it expands operations across the Gulf region....

Construction & Real Estate

Saudi - Qatar high-speed rail link wins Cabinet approval

Saudi Arabia’s Cabinet has approved a landmark agreement with Qatar to establish a 785-kilometre electric high-speed railway linking Riyadh and Doha, paving the way for one of the Gulf’s most ambitious cross-border transport projects....

Construction & Real Estate

Construction costs climb worldwide; Saudi Arabia leads regional rise at 4pc

Construction costs globally are set to increase by 2.4% in 2026, but growing uncertainty due to the phasing and procurement, is the real challenge to project delivery, said an industry expert. In the Middle East, the costs will rise by 4% in Saudi Arabia driven by reliance on imported and specialist materials and 3% in the UAE....

Construction & Real Estate

Saudi TDF, Palladium Hotel Group sign tourism development pact

Saudi Tourism Development Fund (TDF) signed a MoU with Palladium Hotel Group to explore development opportunities across several regions of Saudi Arabia. The agreement focuses on strengthening cooperation, assessing potential projects, conducting feasibility studies, identifying suitable investment structures, and reviewing technical and operational frameworks. ...

Construction & Real Estate

Nemetschek partners with Prince Sultan University to boost AEC innovation

Nemetschek, a leading software providers for the architecture, engineering, construction and operations (AEC/O) industry, has entered into a partnership with Saudi-based Prince Sultan University to support the development of future-ready talent and accelerate innovation across the kingdom. ...

Construction & Real Estate

ROSHN, Agility unit in deal to develop Grade A logistics park facility

ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed the Heads of Terms to form a joint venture with Agility Logistics Parks to develop a Grade A facility over a 1 million sq m area in the kingdom. ...

Construction & Real Estate

NWC completes two key Saudi water, wastewater projects

Saudi Arabia's National Water Company (NWC) has announced that it has completed work on two water and wastewater projects in the Qassim Region. Additionally, NWC has also installed sewage networks and lines in Al Rass Governorate, totaling more than 40km area. ...

Construction & Real Estate

Ashoka Buildcon–BEC Arabia JV lands Diriyah hotel project contract

Indian infrastructure group Ashoka Buildcon said its joint venture with Saudi-based BEC Arabia Contracting has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh. ...

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