Friday 3 February 2023

Aldar-Dubai Holding JV to develop new lifestyle projects

Abu Dhabi developer Aldar Properties said it has signed an agreement with Dubai Holding, a leading UAE investment conglomerate, to set up a joint venture entity for developing new living experiences across prime locations in Dubai.   The agreement, which marks A


Masdar City breaks ground on 30,000-sq-m sustainable project

Abu Dhabi's Masdar City has announced the groundbreaking of its 30,000-sq-m sustainable community, The  Link, a 30,000-sq-m sustainable community featuring the region's first net-zero energy shared living and working facility.   It will boast four l


Saudi Dussur-Korean JV breaks ground on $240m steel plant

SeAH GSI, a joint venture between the Saudi Arabian Industrial Investments Company (Dussur) and the leading Korean steel manufacturer - SeAH CSS, has broken ground on its first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia.  


Bloom starts handover of 181 Abu Dhabi homes ahead of schedule

Leading UAE real estate developer Bloom Holding has announced that it has begun the handover of its 181-unit residential project Aldhay - the fifth phase of the gated community project Bloom Gardens - located on the Eastern Mangrove Corniche in Abu Dhabi.   Aldh


RSG gets top Leed status for Saudi workers' village residential units

Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, said it has achieved Platinum Leed certification (Leadership in Energy and Environmental Design) for a collection of villas and townhouses at Tu


Acwa Power hits record production in 2022 with new RO projects

Acwa Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, said it has added 2.4 million cu m/day of water desalination capacity across four reverse osmosis megaprojects in 2022, the largest in a calendar year in


EPC leader NMDC’s net profit grows 30pc to $350m in 2022

National Marine Dredging Group (NMDC), a world-leading EPC and marine dredging group with over $15 billion of projects under execution, has grown its net profit by 30% in 2022 to reach AED1.3 billion ($350 million). This is compared to the net profit of AED1 billion reported


King Abdullah Financial District partners with Sumitomo Corporation

The King Abdullah Financial District Development and Management Company (KAFD DMC) has signed a MoU with Sumitomo Corporation Middle East (SCME) to use its innovative eco-friendly coating solutions to reduce the heat island effect on surfaces within KAFD.   KAFD


PIF, AeroFarms to build indoor vertical farms in Saudi Arabia

Saudi sovereign wealth fund PIF (Public Investment Fund) today (February 1) signed an agreement with AeroFarms, a US-based commercial market leader in vertical farming, to set up a new company in Riyadh that will build and operate indoor vertical farms in the wider Mena region. &


Saudi Fund to provide finance for key Oman infrastructure project

Saudi Fund for Development (SFD) said it has signed an agreement with Omani authorities to provide finance for a key infrastructure project coming up within Al Dhahirah Special Economic Zone in Oman at a total cost of SR1.2 billion ($320 million).   This comes f

 1 2 3 4 5 >  Last ›

calendarCalendar of Events