Friday 7 February 2025
 
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RINA inks co-operation deal with Saudi group Mayasem

RINA, a leading global engineering, inspection and certification company, and Mayasem, a strategic organization driving innovation in real estate, infrastructure, mobility, energy solutions, and urban resilience, have signed a MoU aboard the iconic Amerigo Vespucci vessel, marking the beginni

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Baker Hughes secures Aramco gas project contract

Baker Hughes, a leading energy technology company, has announced that it has secured a major contract for the development of six gas compression trains and six propane compressors, as part of the third expansion phase of Aramco’s Jafurah gas field, located in the Kingdom of Saudi Arabia

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Klickl joins Imkan for cryptocurrency payments in UAE real estate

Klickl, the UAE-based Web3 financial platform, has announced a strategic collaboration with Imkan Properties, a leading real estate master developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency.     This collaboration is

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Sifco lands enabling works contract for Trump Tower Jeddah

Dar Global, the London-listed luxury real estate developer, has announced that it has awarded the enabling works contract for the highly anticipated Trump Tower Jeddah to Specialized Italian Foundation Company (Sifco).   A SAR2 billion ($531 million) architectur

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Riyadh starts work on $2bn road development projects

The Royal Commission for Riyadh City (RCRC) has announced that it has begun implementing the key projects under the Second Group of the Riyadh Ring Roads and Main Axes Development Programme, aimed at strengthening the transportation system in the capital.   

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Samsung E&A wins $1.7bn EPC contract for Ta'ziz project

Samsung E&A, a total solutions provider for the global energy industry, has won an engineering, procurement, and construction (EPC) contract worth $1.7 billion for the Ta'ziz Methanol Project in the UAE.    The project includes the construction of a

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PIF-backed mega developer Umm Al Qura set for Saudi IPO

Umm Al Qura for Development and Construction, the owner, developer and operator of Masar Destination, one of the largest redevelopment projects in Makkah, today (February 2) announced its plan to proceed with an initial public offering (IPO) and also list its ordinary shares on the Saudi stoc

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New Muharraq Ring Road 'unlocks growth opportunities for Bahrain'

Bahrain’s leading developer Diyar Al Muharraq said the opening of the Muharraq ring road underscores the kingdom’s commitment to developing its infrastructure through quality, strategic initiatives, while maintaining its ongoing urbanisation plan.   

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Refine to deliver $12bn development projects in Dubai this year

Refine Development Management, a fully integrated development management company in Dubai, has kicked off the new year with bold expansion plans and a pipeline portfolio valued at $12 billion.    As a significant milestone, Refine is introducing its Sales G

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Anax starts work on key Dubai residential project

Anax Developments has broken ground on its key project - Evora Residences - within two months of its unveiling. Designed as a tranquil retreat, the 10-storey project will feature 77 apartments with a mix of one-, two-, and three-bedroom units.   Each of these ap

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