Dubai Electricity and Water Authority (Dewa) has announced plans to distribute cash dividends worth AED3.1 billion ($844 million) to its shareholders for the second half of 2025. This comes after Dewa delivered solid financial results last year netting an annual revenue of AED32.8 billion ($8.9 billion).
Killa Design has revealed a sculptural new landmark in Abu Dhabi - Jumeirah Residences Al Maryah Island - that is shaped by the studio’s future-driven philosophy. A 186-m tower, it is being conceived as a fluid, sculpted form, challenging the more rigid typologies of Al Maryah Island.
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail Investment Company (JIC).
Sharakat, a leading entity in the Saudi water sector, has announced that Juranah Independent Strategic Water Reservoir project has achieved a key milestone, clocking 4.9 million safe working hours without a Lost Time Injury (LTI). With work in full swing, the project is set for commercial operations in Q2 next year.
LSI | La Sorogeeka Interiors has been awarded the interior fit-out works for a large-scale private residential project in La Mer, Dubai.
The Saudi city of Makkah is moving closer to a major transformation of its transport network, with plans for a new airport and metro system advancing as part of a major infrastructure upgrade, said a report. Feasibility studies and preliminary designs for the metro have already been completed.
Saudi Arabia’s three major residential markets – Riyadh, Jeddah and Dammam – delivered contrasting performances in 2025, said an expert. Jeddah emerged the top performer with record sales of SAR36.6 billion ($9.75 billion) followed by Dammam while in capital Riyadh, elevated financing costs led to a decline in buyer activity.
Parsons Corporation has announced that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management consultant for its Al Ittihad Sports Village project in Jeddah.
Saudi-based Alkhorayef Water and Power Technologies said it has signed a key contract with National Water Company (NWC) for laying of a 184-km long sewer networks system in Hafar Al Batin and Al Qaisomah Governorate. The scope of work includes building of manholes and inspection chambers.
Saudi Arabia's Ministry of Municipalities and Housing (MOMAH) and the National Center for Privatization & PPP (NCP), have announced the launch of the Expression of Interest (EOI) for the Municipal Food Safety Labs Operation Project under a PPP framework (equip-operate-maintain-transfer).
