Construction & Real Estate

Construction & Real Estate

Schneider Electric signs smart building agreement with BFL Group

Tue, 19 May 2026

Schneider Electric, a global energy technology leader, has signed a collaborative agreement with Brands For Less (BFL) Group to deploy advanced smart building and energy management solutions across 26 KE2 Brands For Less stores in the UAE, with plans to scale across the entire store network.

Construction & Real Estate

Global water tech firm Gradiant hits $2bn valuation in Series E funding

Mon, 18 May 2026

Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness.

Construction & Real Estate

Asyad in deal to build business complex at Muscat Airport Free Zone

Mon, 18 May 2026

Oman's Asyad Group has signed its first usufruct agreement with Nama Real Estate for the construction of a commercial complex within the Muscat Airport Free Zone. Spanning 25,000 sq m area, the key facility will boast smart offices and hitech workspaces designed to serve both regional and global companies.

Construction & Real Estate

Shyam Steel expands industrial footprint with strategic RAK investment

Mon, 18 May 2026

Shyam Middle East Resources, a part of India’s renowned Shyam Steel Group, is set to establish a non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone. The project marks a significant step in the group’s global expansion strategy.

Construction & Real Estate

Emirates Palace introduces luxury mansion residences with Mandarin Oriental

Mon, 18 May 2026

Emirates Palace Company, with LEAD Development and Mandarin Oriental Hotel Group, has announced 35 private residences at Emirates Palace Abu Dhabi, scheduled for completion in 2029.

Construction & Real Estate

Emirates breaks ground on $5.1bn massive MRO complex

Mon, 18 May 2026

Emirates has broken ground on its new $5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced maintenance, repairs and overhaul (MRO) facility, cementing Emirates' and Dubai's leadership in global aviation capability and infrastructure.

Construction & Real Estate

Armstrong Fluid Technology names UAE regional sales manager

Mon, 18 May 2026

Leading intelligent flow equipment manufacturer, Armstrong Fluid Technology, has appointed Erwan Elias as a regional sales manager for the UAE. An industry veteran, he brings 15 years’ experience in HVAC, pump manufacturing and the water industry.

Construction & Real Estate

Emaar exits the JV structure for prime Syrian mixed-use project

Mon, 18 May 2026

Emaar Properties said it is in the process of exiting the JV structure relating to The Eighth Gate, its key mixed-use development in Damascus, thus marking a decisive new chapter in its long-standing relationship with Syria. With this move, the Dubai master developer will be operating in the country without any partner.

Construction & Real Estate

Qiddiya picks Google Cloud to power mega Saudi entertainment city

Mon, 18 May 2026

Saudi-based Qiddiya Investment Company and Google Cloud have announced a major collaboration to establish the digital foundation for one of the world’s largest entertainment projects. Through strategic systems integrator Master Works, Qiddiya will leverage Google Cloud technology to power its mega entertainment hub - Qiddiya City.

Construction & Real Estate

World Cement Association marks 10 years amid global turmoil

Mon, 18 May 2026

The World Cement Association (WCA) is celebrating its 10th anniversary, a key milestone that reflects a decade of profound transformation for both the global cement industry and the wider world economy. Over the past ten years, the world has faced the Covid-19 pandemic, geopolitical conflicts and energy crises.