Construction & Real Estate

Construction & Real Estate

Al Meera picks Yardi for retail property management

Tue, 18 Aug 2026

Al Meera Consumer Goods Company, a leading national retailer and property developer in Qatar, has signed up Yardi, a leading property management software developer, to support the next phase of its retail property management and leasing operations through its cloud-based retail platform.

Construction & Real Estate

Talco extends deal to buy 60pc stake in Eastern Aluminum Extrusion Factory

Tue, 18 Aug 2026

Saudi aluminium products maker Talco has extended by six months a non-binding agreement to acquire a 60% stake in Dammam-based Eastern Aluminum Extrusion Factory. This extension will run from August 24 to February 23, 2027, allowing the firm additional time to complete due diligence procedures.

Construction & Real Estate

R.Evolution turns EYWA into global longevity-led property brand

Tue, 18 Aug 2026

European real estate developer R.Evolution is expanding EYWA from a collection of flagship developments into a global longevity-led regenerative real estate brand. This comes following the successful launch of its landmark projects in Dubai and Spanish city Barcelona.

Construction & Real Estate

Schneider Electric to bring energy, AI into focus at Abu Dhabi summit

Tue, 18 Aug 2026

Schneider Electric will bring together energy, technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa, as the region looks to strengthen energy systems to support the rapid growth of artificial intelligence, cloud computing and digital infrastructure.

Construction & Real Estate

Retal unit lands contract for Al Khobar business project

Tue, 18 Aug 2026

Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar.

Construction & Real Estate

Saudi PIF records solid 2025 results; net profit doubles to $17bn

Mon, 17 Aug 2026

Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion.

Construction & Real Estate

L&T unit secures over $1.57bn Mideast offshore facilities contract

Mon, 17 Aug 2026

Indian engineering and construction conglomerate Larsen and Toubro said its subsidiary L&T Energy Hydrocarbon Offshore has secured an ultra-mega order, valued at over Rs150 billion ($1.57 billion) - from a major client in the Middle East for the development of multiple offshore facilities.

Construction & Real Estate

DLD-backed Indian expo to highlight UAE property market resilience

Mon, 17 Aug 2026

A property expo in the south Indian state of Hyderabad this October backed by the Dubai Land Department (DLD) and official property entities from the Northern Emirates will highlight the resilience of the UAE property market, said the event organisers.

Construction & Real Estate

RTA completes upgrades on Al Marabea’ Street section

Mon, 17 Aug 2026

Dubai’s Roads and Transport Authority (RTA) has completed road upgrades on Al Marabea’ Street as part of its vital infrastructure development project. The scope of work included expanding a 1.1-km section of Al Marabea’ Street from Al Khail Road exit to Al Asayel Street.

Construction & Real Estate

Samana boosts presence in Dubai with three new residential projects

Mon, 17 Aug 2026

UAE-based Samana Developers has announced that it has launched three new residential projects - Samana Portside, Samana Greenfield 2 and Samana South Haven - in less than one month, adding 630 new apartments across key growth areas in Dubai.