Oman's Nama Power and Water Procurement Company (PWP) has signed new power purchase agreements with three independent power producers - Phoenix, Al Batinah and Al Suwadi Power - for gas-fired power projects with a combined capacity of 3,500MW in the sultanate.
Emirates NBD, a leading banking group in the region, has announced a strategic partnership with leading global luxury real-estate brand Sobha Realty to provide integrated home financing solutions for buyers of the premium luxury developer’s off-plan residential developments across Dubai.
UAE-based Burtville Developments has announced the launch of its tenth project in Abu Dhabi, a new hotel-branded residential development on the Al Raha Beach waterfront. It boasts three architecturally-distinct towers featuring 163 residences, including 19 waterfront townhouses and sky villa units.
UAE-based Almal Real Estate Development has announced that nearly 23% of the construction work has been completed on its $400 million prime project in Ras Al Khaimah - The Unexpected Al Marjan Island Hotel & Residences - and is on track for handover in 2027.
The Saudi Heritage Commission, Sadus Foundation and Riyadh Municipality have entered into an agreement to develop the Sadus Historic Village, a prominent archaeological and heritage site in Saudi Arabia. The deal is aimed at rehabilitation of heritage buildings and sites within Sadus.
Riyadh Cables Group has announced that it has secured a SAR450 million ($120 million) contract from Saudi-based Mohammed Al Ojaimi Contracting Establishment for supply of cable products for some of its key power generation and transmission projects.
The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% y-o-y and 21.3% m-o-m to hit 3.37 MT, reflecting the holiday effect and recent geopolitical developments, according to a new report. The sales volume for the first three months fell by 4.7% y-o-y to 12.76 MT.
Saudi Arabia is moving ahead with a major transport transformation for Makkah after official approval was confirmed for the holy city’s first international airport, alongside fresh progress on a long-planned metro network designed to improve mobility for millions of pilgrims and residents.
Ras Al Khaimah is pushing ahead with its ambitious projects that meet the highest standards of quality and sustainability in a bid to cement its status as a leading global destination for investment, tourism and quality living, said its Crown Prince after reviewing the projects in Mina Al Arab area.
Saudi Arabia has announced the opening of The Black Gold Museum, a first-of-its-kind facility, housed at King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, in an iconic building designed by Zaha Hadid. The interiors have been done by DaeWha Kang Design.
