Saudi Power Procurement Company (Principal Buyer) has launched the qualification bid process for the second group of Battery Energy Storage System (BESS) projects. The combined capacity of Group 2 BESS projects is 3000MW for a 4-hour storage duration (12,000 MWh).
Dar Global, the London-listed luxury real estate developer, has appointed Al Dahlawi Company for Contracting as the contractor to deliver works at Amaya, its flagship masterplan development in Jeddah.
Arada has unveiled Jenna, a new upscale residential complex situated in the AED35 billion ($9.53 billion) Aljada mega community in Sharjah.
Hafeet Rail, a joint venture between Etihad Rail, Oman Rail and Mubadala, has announced steady progress on its ambitious Oman-UAE railway project with the work nearing 40% completion. Progress continues at scale, with over 27 million cu m earthworks and 100,000 cu m concrete works already completed.
Casagrand, a leading real estate developer in India, has commenced construction work on Casagrand Hermina at Dubai Islands, marking a significant milestone in the delivery of its debut residential development in the UAE.
EMSTEEL Group, one of the region’s largest publicly traded integrated steel and building materials manufacturers, has reaffirmed its commitment to supporting the resilience of the UAE market by maintaining pricing discipline across key domestic steel and building materials products, including reinforcing steel bars, while ensuring a reliable supply to customers nationwide.
Bahrain Aluminium Extrusion Company (Balexco), a leading producer of aluminium extrusion products used primarily in construction sector with operations across the GCC, is planning a stock market listing after shareholders approved a proposal to transform the company into a public shareholding firm.
National Properties, a key unit of UAE investment company National Bonds, said more than 95% of the work has been completed on its AED1 billion ($272.2 million) residential and retail development - 399 Hills Park - at Dubai Hills Estate - thus bringing the project into its final phase ahead of handover.
In a bold move towards the future, Dubai city has greenlit its most ambitious transport project yet: the all-new Gold Line of the Metro. Spanning 42 km with 18 stations, this fully underground network is set to reshape how the emirate moves when it rolls out in 2032.
Four key players in Georgia’s real estate sector have announced the development of Trump Tower Tbilisi, Georgia, in collaboration with The Trump Organization.
