The Royal Commission for Riyadh City (RCRC) has announced steady progress on the 56-km Second Southern Ring Road Project with 27% of the work already completed. The project scope includes 10 main intersections, 32 flyovers and bridges as well as 20 tunnels and 77 stormwater culverts.
Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED3.5 billion ($953 million) to Ginco General Contracting and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a key milestone in the delivery of one of Dubai’s most significant waterfront developments.
Dubai's Roads and Transport Authority (RTA) has announced that 90% of the work has been completed on its smart bus station and is on track for completion by month-end. The key initiative forms part of RTA’s broader drive towards digital transformation and sustainability.
Saudi-based Jabal Omar Development said it has won the licence from the Ministry of Tourism to operate the 205-key Rotana Hotel being developed as part of Phase Four of its mega project in Makkah. The Rotana Jabal Omar Hotel spans across three towers comprising 655 rooms and suites.
Hassan Allam Holding and AlBawani Holding have announced that their joint venture has been awarded a SAR1.84 billion ($490 million) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA), one of the most prominent cultural and iconic projects within the Diriyah development plan.
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has collaborated with top ratings agency S&P Global to launch the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across the kingdom’s construction sector.
Saudi Arabia's Ministry of Municipalities and Housing has developed approximately 6 million sq m of public parks across the kingdom between 2023 and 2025 through private sector investment models, generating an estimated financial impact of SAR2.4 billion ($639 million).
The Royal Commission for Riyadh City (RCRC) has announced that work has started on a major road project being developed as part of the second package of the Main and Ring Road Axes Development Program. The scope of work includes construction of four main bridges and three-lane roads in the Saudi capital.
Roshn Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed an agreement with Dawiyat Integrated Telecom and IT Company, a unit of Saudi Energy, to develop fibre-optic telecommunications infrastructure within its Aldanah community in Dhahran.
Tabreed Bahrain, a leading provider of sustainable district cooling solutions in the kingdom, has appointed Arabian International Company as the engineering, procurement and construction (EPC) contractor for the expansion of its chilled water network in the northern seafront area of Manama.
