Dubai's office market entered a more balanced phase during Q2 with occupier demand remaining resilient despite a more measured pace of leasing activity. The office leasing transactions hit 38,082, registering a modest 4% quarter-on-quarter increase, said an industry expert.
Saudi-based Alkhorayef Water and Power Technologies Company has signed an agreement with Royal Commission for Riyadh City (RCRC) for the provision of comprehensive operation and maintenance of treated sewage effluent (TSE) network and it facilities in the Saudi capital.
Artificial Intelligence (AI) is poised to reshape water and waste water infrastructure management globally as utilities adopt autonomous AI agents to analyse operational data and support real-time decision-making, but human oversight will remain essential, said an industry expert.
Talal Group, one of the UAE's most diversified business groups spanning retail, trading, food and beverage, manufacturing, and services, has broken ground on a new Central Distribution Centre at Dubai Industrial City, the region’s leading manufacturing and logistics hub and part of TECOM Group.
Leading master developer Arada has announced that it has awarded leading architecture firm Gensler, global built environment consultancy Arup and landscape architects Planit for the first phase of Thameside West, a 5,000-home waterfront development in East London.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has awarded a contract for the construction of a new district cooling plant in the Al Sufouh 2 area in Dubai with a cooling capacity of 23,400 refrigeration tons (RT).
ECC Contracting has announced the strongest project acquisition quarter in its history, securing three major construction contracts across Dubai with a combined value of AED4.73 billion ($1.29 billion) in the second quarter of this year.
AtkinsRéalis has announced that it has been appointed as lead multidisciplinary design and supervision consultant for UAE’s ambitious Sphere Abu Dhabi project, responsible for overall design co-ordination across architecture, structural engineering and specialist immersive technologies.
Knowledge Economic City (KEC) has signed an agreement with Saudi group Alrashid Properties to develop a premium mixed-use project - the Multaqa Residences - in Madinah on a 149,520 sq m area. The SAR1.35 billion ($359 million) project will boast branded residences as well as retail and hospitality assets.
The Dubai luxury real estate market continued to attract a steady flow of investment in June, with developers generating sales transactions worth AED3.72 billion ($1.01 billion) for off-plan homes priced above AED5 million.
