OMRAN signs development agreements exceeding OMR122m
OMRAN agreements cover residential and tourism developments at Madinat Al Irfan and Yiti.
Real Estate & Tourism
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URC starts Sharq fish-market redevelopment in Kuwait
URC plans a temporary market relocation from 15 October as it upgrades Kuwait’s Sharq fish market; contractor and value remain undisclosed.
Oman signs RO550m-plus investment agreements at Urban October
Oman’s latest Urban October agreements cover more than RO550m of planned investment, led by the Madana tourism complex and Tilal Al-Amerat development.
McLaren wins BAY360 main construction contract in Dubai
McLaren Construction will deliver Sweid & Sweid’s new BAY360 mixed-use waterfront development in Jumeirah Lakes Towers. Enabling works are complete, and main construction starts in October, with completion scheduled for the first quarter of 2028.
Diriyah awards SAR2.73bn hotel and residential contracts
Diriyah Company has awarded two construction contracts worth a combined SAR2.729bn (about US$728m) for hospitality and residential assets in Diriyah Square. A joint venture between MAN Enterprise Al Saudia and Al Majal Al Arabi has secured a contract reported at SAR1.324bn. Urbacon Saudi S.P.C. has…
Oman signs more than RO1bn of housing and tourism deals
Oman’s Ministry of Housing and Urban Planning has announced 20 partnership, development and tender-award agreements covering project investments of more than RO1bn (US$2.6bn) across residential, public-service and tourism projects. The agreements were signed on 5 October during the Oman Home and Building Expo and World…
KONE appointed for Burj Azizi vertical-transport package
KONE has been selected to deliver 59 elevators and 15 escalators for Burj Azizi, the planned 725-metre mixed-use tower under construction on Sheikh Zayed Road in Dubai.
Aldar and Arada form AED15bn Abu Dhabi development partnership
Aldar and Arada have formed a strategic partnership covering about AED15bn of development opportunities in Abu Dhabi.
IFC provides $100m green financing for Sustainable City–Yiti district
IFC has agreed a $100m Islamic green-finance facility for the Plaza District at The Sustainable City–Yiti in Muscat.
Fibrex wins AED790m Seamont residences main works contract
Royal Development Holding and SAAS Properties have awarded Fibrex LLC an AED790m (US$215m) main construction contract for Seamont Autograph Collection Residences on Al Reem Island in Abu Dhabi. The award moves the waterfront development from completed enabling works into full-scale construction. Fibrex is scheduled to…