South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco.
The Royal Commission for Makkah City and Holy Sites has announced the awarding of six development sites under the Developed Districts Program, covering a total area of more than 2.7 million sq m, representing investments worth SAR13.3 billion ($3.54 billion).
UAE developer GAF Property has announced that it is shaping a new residential experience in Abu Dhabi through its latest residential development, Flow 25, located on Reem Island. The project draws its design inspiration from the Ghaf tree, one of the UAE’s most iconic natural symbols.
AESG, a global engineering, consultancy and advisory firm, has announced the opening of its new 25,000 sq ft headquarters in Dubai, thus marking a significant milestone in its evolution and enduring commitment to the emirate as a centre for business and technical excellence.
Leading automotive brand Omoda and Jaecoo has announced plans to bring its advanced AI-powered driverless parking system ‑ VPD (Valet Parking Driver) ‑ to select models in the UAE market as part of its next-generation intelligent mobility vision.
Royal Commission for Riyadh City (RCRC) is gearing up to launch a major urban cooling project in the Saudi capital that aims to reduce temperatures on roads, walls and other urban surfaces by up to 15°C, said a report. Top Greek consulting firm Planet has been signed up as the lead consultant for the project.
Sungrow, in partnership with ACO and Korra Energi, has commissioned a 1.4 MWp solar system at the Esh El Mallaha petroleum facility in Hurghada, addressing persistent energy challenges in Egypt’s remote oil and gas operations.
Oman’s Ministry of Heritage and Tourism has signed two usufruct agreements to establish a four-star resort in the Wilayat of Al Hamra in A’Dakhiliyah Governorate and a five-star hotel in the Wilayat of Mirbat in Dhofar Governorate, with an investment cost exceeding $31 million.
Saudi industrial manufacturer National Metal Manufacturing and Casting Co said its subsidiary has signed a supply contract worth more than SAR10 million with Harbin Electric International Company for equipment to be used in a major power project in the Kingdom.
Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh, in a deal valued at SAR 133 million ($35.5 million).
