Friday 1 March 2024

Al Faiha Development unveils premium mixed-use project in Oman

Omani developer Al Faiha Development Company has announced the launch of its premium project, Smart Home, featuring residential apartments and offices in the Al Ghala Heights.   Spread over a 13,000 sq m area on an area opposite Madinat Al Irfan, Smart Home comp


Improving project delivery on large scale projects with AI

As projects become more intricate and global, the demand for skilled project professionals who can seamlessly integrate the latest trends, particularly Artificial Intelligence (AI), with robust project management capabilities is on the rise.    AI is not me


Novel product launches, demos steal the show at Big 5 Construct Saudi

Big 5 Construct Saudi, the largest construction event in the Kingdom, became a dynamic hub of innovation and advancement on the second day, witnessing several product launches and live demonstrations that drew hundredss of visitors and potential buyers.   


Gas Arabian Services lands $203m Aramco EPC contracts

Gas Arabian Services Company, a leading turnkey contractor based in Saudi Arabia, has announced that it has  received two (non-binding) letters of intent from Saudi oil major Aramco for engineering, procurement and construction (EPC) services contracts worth SAR761 million ($203 million)


Zamil Steel wins construction contract for Bahri Logistics complex

Zamil Steel Pre-Engineered Buildings Company, a subsidiary of Saudi-based conglomerate Zamil Industrial, has clinched a significant contract from Bahri Logistics Company for the construction of the 'Bahri Bonded Zone' complex at Jeddah Islamic Port.   A


Dubai South, Aldar set up JV to develop logistics district assets

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, said it has entered into an agreement with Aldar Properties, a leading real estate developer, investor, and manager in the UAE, to set up a new joint venture that will develop Grade A log


Q Holding acquires prime Abu Dhabi assets ahead of rebranding

Q Holding, Abu Dhabi’s leading real estate development and investment company, has successfully completed the transaction with ADQ Real Estate and Hospitality (ADQ) and IHC Capital Holding (IHC) for acquiring 100 per cent of the share capital across wide range of industry organisations,


Saudi villa prices rally in major cities; office rents stay strong

Saudi Arabia’s real estate market ended 2023 with villa prices rallying in major cities while office rent continued to record strong growth rates. Looking at the kingdom's office sector, in Riyadh, rents have increased across all grades in the 12 months to Q4, 2023, according to lea


Parkin Company set for March IPO, plans Dubai listing

Parkin Company, the largest provider of paid parking facilities and services in Dubai, has announced its intention to proceed with an initial public offering (IPO) next month and to list its ordinary shares for trading on the Dubai Financial Market (DFM) in the emirate's first privatisati


Major HVAC deals signed at Big 5 Construct Saudi expo

The Big 5 Construct Saudi, the largest building sector event in the kingdom, kicked off its 12th edition yesterday (February 26), drawing some of the leading players from 47 countries across the globe.   It was inaugurated by Majid Abdullah Al Hogail, the Minist

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