Imkan, a global master developer based in Abu Dhabi, has signed a strategic partnership with Zelo, a UAE-based private financing platform and unit of International Holding Company (IHC), to deliver embedded financing solutions to contractors and suppliers operating within its development ecosystem.
Arada has acquired a significant controlling stake in Reem Hospital, the Abu Dhabi-based healthcare provider, in a move that marks the master developer's entry into the healthcare sector and accelerates its ambition to build one of the region's most comprehensive integrated wellness ecosystems.
ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors.
Jamal Living has announced plans for a new residential development in Al Barsha, marking its latest step in a growth strategy defined by on-time delivery and a focus on build quality.
SLDC, a newly established drilling joint venture (JV), announced today the award of a significant drilling contract by SLB (Schlumberger Oilfield Eastern Limited) for operations in Kuwait’s Mutriba field.
Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting.
Work has begun on a series of intersection upgrades in Riyadh’s western and southern districts, including the one at Ali bin Shiban Street in Al Awali district, as well as the intersection at Ibn Majah Road, as authorities move to modernise infrastructure and ease congestion in the fast-growing capital.
The National Fire Protection Association (NFPA) Board of Directors has unanimously voted to appoint Ross Ashley, a visionary executive with more than 30 years’ experience in corporate leadership, public safety, intelligence and emergency management as the next president and CEO.
UAE developer Palmridge has signed up real estate expert JLL to deliver project and cost management services on its new residential project - Villea West - in Jumeirah Garden City, Dubai. Set for 2027 completion, the project comprises 229 furnished apartments with a mix of studios and one-bedroom units.
Ladun Investment Company, in consortium with Al Ayuni Investment and Contracting Company, has secured a major infrastructure development contract valued at SAR326.7 million ($87.08 million), according to a Saudi Stock Exchange (Tadawul) filing.
