Aldar, a leading developer, has announced the sell-out of Al Ghadeer Gardens, a community of 437 townhouses and villas within the growth corridor between Abu Dhabi and Dubai, generating more than AED1 billion ($272.3 million) in sales.
Dubai’s real estate sector continues to post strong numbers, with the Dubai Land Department recording transactions worth AED21 billion ($5.72 billion) during the past week, according to the Dubai Media Office.
Arabian Pipes Company (APC) has announced the signing of a contract with Saudi Aramco for the manufacturing and supply of steel pipes, with a total value of around SR48 million ($12.83 million).
The Mondial du Bâtiment will become the Paris Builders Show this year. Beyond a name change, the Paris Builders Show embodies a new ambition: offering the only international event in France capable of bringing together all industry players around a forward-looking, collective and operational vision.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and DAMAC Properties, a leading private real estate developer in the Middle East, have launched a landmark home financing plan designed to provide ease and stability for homebuyers.
AtkinsRéalis, a leading engineering and design consultancy, has signed an agreement with Dubai Future Solutions – Prototypes for Humanity to accelerate the development and deployment of breakthrough technologies shaping the future of the built environment.
The Royal Commission for Riyadh City has started the operation of the Western Station on the Orange line of the Riyadh Metro.
The Sharjah Investment and Development Authority (Shurooq) has announced that it has signed an agreement with Sanam Group’s education platform to develop a new K-12 school in the emirate. The project will come up on a 29,275-sq-m plot within Sharjah Sustainable City.
Italian construction giant Webuild said that Saudi Arabia’s futuristic city project NEOM has terminated its contract for the Connector High-Speed Line project in Tabuk, in the latest development involving the kingdom’s flagship $500 billion mega-project.
UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
