China State Construction Engineering Corporation (CSCEC) said it has signed the contract to build the North Kabd Wastewater Treatment Plant in Kuwait, thus marking the latest infrastructure project under co-operation between the two countries through China's Belt and Road Initiative.
Al Seeb Real Estate Development has awarded the main construction contract for The Chedi Private Residences, a $200 million tower on Sheikh Zayed Road in Dubai. Set for completion in Q1 2029, the 117-unit residential tower features a mix of villas, duplexes and mansions.
Signature Developers has partnered with betterhomes to release a limited selection of residences at W Residences Dubai – Jumeirah Lakes Towers, the newest branded residential address coming to JLT. Construction is currently under way on the project with handover likely in Q4 2028.
UAE-based developer GRID has officially broken ground on its premium residential development - Enchanté by GRID - within the Arjan community in Dubai. Set for 2028 handover, the key project features a mix of studios, one- and two-bedroom residences alongside retail space.
Saudi Arabia's real estate transaction volumes edged higher in the second quarter from the previous three months, although activity remained weak compared to Q1, said a report. The residential deal volumes fell 21% over last year led by declines in Riyadh, Jeddah and Madinah.
South Korean construction giant Samsung C&T said it has achieved a major safety milestone on its High-Voltage Direct Current (HVDC) project for Abu Dhabi Offshore Power Transmission Company by clocking 30 million work hours without a single lost-time injury (LTI).
Marjan and Wynn Resorts have broken ground on Janu Al Marjan Island in Ras Al Khaimah, marking the start of construction on the emirate’s first Janu destination, a luxury hospitality and branded residential project scheduled to open in 2029.
Kuwait Oil Company (KOC) has signed up Chinese group Anton Oilfield Services DMCC to deliver comprehensive integrated maintenance and operational support services for its Jurassic Production Facilities (JPF) 1, 2 and 3 located in the country's northern region.
Saudi Arabian Refineries Company (Sarco) has announced that its key subsidiary, Masafi Ventures, has reached an agreement with Adwaa Al Khalil Contracting Company to acquire an 85% stake in Advanced Industrial Supplies Company, a leading industrial parts and equipment provider.
Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects.
