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Asas Makeen Real Estate Development and Investment Company has signed a SAR315m ($84m) agreement with Itihad Al-Thabat Contracting for construction and finishing works on a portfolio of residential and commercial developments in Riyadh. The projects cover a combined area of approximately 65,000 square metres and…
Saudi Real Estate Company, Al Akaria, has signed construction and project-management agreements worth a combined approximately SAR479m ($128m) for its Porta Jeddah mixed-use development. The principal agreement is a SAR463.13m contract with MOBCO for Package One. Al Akaria has also appointed Saudi Arabian Parsons under…
Knowledge Economic City Company has signed a memorandum of understanding with Almajdiah Real Estate and Capital Hill to develop a major residential and commercial project in Madinah. The proposed development will occupy approximately 97,000 square metres of land near Multaqa Al Madinah. Initial plans include…
Twenty contractors have reportedly prequalified to compete for the construction of a new stadium at Bahrain International Sports City in Sakhir. The stadium forms part of Bahrain’s wider Sports City programme and the kingdom’s multibillion-dollar Strategic Projects Plan. The package is expected to involve major…
Expo 2030 Riyadh Company and Mohammed Al Habib Real Estate Company have signed a SAR3.2 billion ($853 million) joint-venture agreement to develop and deliver Expo Village in Riyadh. The residential development will accommodate participating countries’ delegations and personnel during Expo 2030. Its longer-term role is…
Dubai Holding has awarded AED5bn ($1.36bn) to China State Construction Engineering Corporation Middle East for construction of its new corporate headquarters and the neighbouring Jumeirah Residences Emirates Towers development. The contract, announced on 9 September, is the largest construction contract awarded by Dubai Holding to…
Expo 2030 Riyadh Company has invited bids for a major construction package covering the Souq areas at the Expo 2030 site, opening another substantial procurement opportunity within the kingdom’s six-square-kilometre Expo development. The package covers five precincts with a combined development area of about 300,000…
India’s Garuda Construction & Engineering, through its wholly owned subsidiary Dream City Builders, has agreed with Almasarat Company to pursue development of a landmark 93-storey tower in Jeddah. The proposed 360-degree twisting tower covers approximately 153,451 square metres and is expected to include a five-star…
Knowledge Economic City Company and Kaden Investment Company have agreed to pursue a SAR2.5bn ($667m) mixed-use development in Madinah, opening a new pipeline of residential, commercial and infrastructure work in one of Saudi Arabia’s fastest-growing urban markets. The companies signed a memorandum of understanding on…
The integrated utilities system serving Saudi Arabia’s Red Sea tourism destination has reached commercial operation, marking the start of a 25-year concession for one of the kingdom’s largest privately delivered off-grid utility developments. The commercial-operation milestone was signed by Marafiq Red Sea for Energy Company,…