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Tag: saudi Arabia

Construction & Real Estate

Saipem announces restart of jack-up rig in Saudi Arabia

Saipem, a global leader in the engineering and construction of major projects for energy and infrastructure sectors, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia. The rig can operate in waters up to 375 ft deep and drill wells up to 9,100m. ...

Construction & Real Estate

CATL opens Mideast's largest new energy aftermarket facility in Riyadh

Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030. ...

Construction & Real Estate

Flowciti starts operations in Bahrain, Saudi Arabia and UAE

Flowciti has officially announced its launch in Bahrain, Saudi Arabia and UAE as a holding company specialising in smart cities solutions, bringing together technology, operational execution, and user experience within a fully integrated ecosystem. The group seeks to create sustainable value for the real estate sector, businesses and institutions. ...

Construction & Real Estate

Saudi Arabia tops globally in Road Network Connectivity Index

The Kingdom of Saudi Arabia has ranked first worldwide in the Road Network Connectivity Index, and also ranked fourth among G20 countries in the Road Infrastructure Quality Index, thus reflecting the continuous development of the road sector, said a report. ...

Construction & Real Estate

Red Sea Global, Bunat VC launch fund to empower AI innovations

Red Sea Global, the Saudi developer behind regenerative tourism destinations Amaala and The Red Sea, has joined hands with Bunat Ventures (Bunat VC) to launch an investment fund - a first of its kind in the kingdom - dedicated exclusively to empowering startups specialised in artificial-intelligence (AI) technologies. ...

Construction & Real Estate

Saudi NDMC arranges $13bn loan for utilities projects

Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects. ...

Construction & Real Estate

Saipem snaps up $600m Saudi Aramco offshore contracts

Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia. ...

Construction & Real Estate

Linxon lands 380kV substation projects contract in Saudi Arabia

Linxon has announced that it has secured a series of turnkey orders for 380/110/13.8kV substation projects in Saudi Arabia. A global engineering, procurement and construction company, Linxon is a joint venture between AtkinsRéalis and Hitachi Energy. ...

Construction & Real Estate

Saudi construction costs rise 1% in November

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by a 1% increase in both residential and non-residential construction costs, according to data released by the General Authority for Statistics (GASTAT)....

Construction & Real Estate

Maria Morris Global set to launch Saudi operations

Maria Morris Global (MMG), a Dubai-based real estate advisory company, has announced a strategic partnership with Alta Real Estate Advisory, a boutique Saudi advisory firm, in a move that paves the way for launch of MMG's operations in the kingdom next year. ...

Construction & Real Estate

Saudi Arabia opens new facilities at King Salman Air Base

Saudi Arabia has announced the opening of new facilities at the King Salman Air Base in the Central Sector. These include 115 buildings ( technical, administrative, and residential) covering 126,000 sq m area along with runways, aircraft parking aprons, helicopter pads and hangars. ...

Construction & Real Estate

Summit propels Saudi Arabia to the forefront of global water innovation

Saudi Arabia’s role as a driver of innovation for a safer, secure future for global water was amplified on day two of the 4th Innovation-Driven Water Sustainability Conference (IDWS) 2025 held in Jeddah, as the event’s focus shifted from announcements to practical delivery and real-world case studies. ...

Construction & Real Estate

Saudi real estate market posts Q3 growth on solid investor demand

A dynamic real estate landscape continued to unfold across the Kingdom of Saudi Arabia in Q3 catalysed by Vision 2030's transformative impact. Amidst this comes a new wave of regulatory changes that is set to significantly influence real estate dynamics, said an expert. ...

Construction & Real Estate

Saudi Arabia, Qatar sign deal to build high-speed rail link

Saudi Arabia and Qatar have signed a deal to build a high-speed rail link between the two countries. The 785-km network, which will connect King Salman International in Riyadh to Hamad International Airport in Doha, will carry trains with speeds above 300 kph. ...

Construction & Real Estate

NBB seals finance deal with Kanoo for premium residential projects

The National Bank of Bahrain (NBB) has signed an agreement with Kanoo Real Estate, a division of the Yusuf Bin Ahmed Kanoo Group, to provide financing for their premium residential developments coming up in the kingdoms of Bahrain and Saudi Arabia. ...

Construction & Real Estate

TBEA wins 380/132kV GIS substation project in Saudi Arabia

Chinese group TBEA has won the bid from Saudi Electricity Company (SEC) for the construction of a new 380/132kV substation in the kingdom's Namria region as well as expansion of two existing substations in the surrounding areas. ...

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