Saudi Arabia’s ambition to welcome 150 million annual visitors by 2030, alongside an estimated $6.3 billion in potential private global real estate investment, is accelerating demand for integrated destinations that combine hospitality, retail, leisure and residential development, says a report.
Musco, a specialist in sports and large area lighting and technology, recently opened a new manufacturing facility in Dammam, Saudi Arabia.
Work is moving at a steady pace on the King Abdulaziz Road underpass in Riyadh with 88% excavation works already completed. This comes as part of the kingdom’s efforts to boost connectivity between project destinations and improve mobility along Prince Mohammed bin Salman Road.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province.
UAE-based Azizi Developments has officially begun the handover of residential units at its premium project, Azizi Central, located within the Al Furjan community in Dubai. A 12-storey project, it comprises 97 modern apartments with a mix of one-, two- and three-bedroom units.
UAE-based Shamal Holding has appointed ALEC Fitout, a leading fit-out specialist in the region, as main contractor for the first major phase of transformation of Jumeirah Zabeel Saray, one of Dubai's most iconic hotels located on Palm Jumeirah. The full completion of this phase is expected by early 2027.
Arabian Pipes Company (APC) has announced that it has secured a key contract from Saudi oil giant Aramco for the manufacturing, coating and supply of steel pipes for one of its projects. The entire work will be completed within a eight-month period.
Abu Dhabi National Oil Company has awarded EPC contracts worth $5.1 billion for the development of the Umm Shaif Gas Cap in the emirate, marking the final investment decision on the project, that is expected to unlock over 600 million standard cu ft per day of natural gas by 2030.
Aldar has launched its landmark AED100 billion ($27.2 billion) waterfront development - Marsa Al Saadiyat - on a 6.4-million-sq-m area in Abu Dhabi featuring private mansions, luxury villas, waterfront apartments and branded residences set along an 8-km coastline with 5.6 km of pristine beaches and other world-class amenities.
Musanadah Facilities Management has appointed internationally recognised facilities management executive Richard Kiernan as its Solutions Development Director.
