The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) have announced the qualification of eight companies and consortiums to participate in the tender for the Quality Valley Riyadh Project, a major mixed-use development planned on the headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO) in Riyadh.
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
Saudi energy services company Tarshid has completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah, covering 43 buildings and facilities. It involved upgrades to cooling, AC and lighting systems aimed at improving energy efficiency.
Meeza, a leading data centre and managed IT services provider, has announced that it has secured an additional QAR1.6 billion ($432 million) in funding from Qatar's Dukhan Bank to accelerate the delivery of its data centres, which will together add 44MW of capacity to its portfolio.
Mohammed Bin Rashid Housing Establishment has signed an agreement with UAE-based Amana Contracting and Steel Buildings, in a move aimed at strengthening co-operation and working together on projects of mutual interest and facilitating the exchange of technical and specialised expertise.
Abu Dhabi's luxury residential market is evolving as buyers place greater emphasis on long-term value, quality of design and the overall living experience, said leading developer Mered, highlighting continued activity across Abu Dhabi's established waterfront destinations.
Work is moving at a steady pace on the Miraf District, a premium mixed-use project being developed by Refad Real Estate Company on a 42,000 sq m area at Al Khobar in the kingdom's Eastern Province, with the project on track for handover in 2029.
Dubai's Roads and Transport Authority (RTA) has announced that it has completed traffic upgrades on Latifa bint Hamdan Street, adding new lanes and U-turns to ease congestion and improve traffic flow along one of the city's key road corridors.
Saudi-based Masah Contracting Company has announced that it has won the construction deal for Ajdan Infiniti Tower T2, a 40-storey residential development located in Al Khobar in the kingdom's Eastern Province. The entire contract work will be completed within two to three years.
India's top engineering and construction conglomerate Larsen and Toubro (L&T) has announced that its key subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order - valued at over Rs150 billion ($1.57 billion) - from ADNOC Offshore for development of multiple offshore facilities.
