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.
Sobha Realty, a leading global luxury real estate developer in UAE, has announced plans to deliver more than 6,800 units across Dubai this year, representing a total sales value of AED21.6 billion ($5.8 billion). The handover pipeline represents its largest annual delivery to date.
Dubai Electricity and Water Authority (Dewa) has announced that it has received bids from eight leading contractors for the Hassyan Seawater Reverse Osmosis Phase 2 desalination project, with Binladin Contracting Group emerging as the lowest bidder.
Oman has begun implementing RO105 million ($273 million) road projects in North A'Sharqiyah Governorate as it expands the country's transport infrastructure under its Vision 2040 strategy. These include building of new roads, expansion of existing network and the dualisation of key highways.
Dubai-based Avenew Development has announced plans to develop The Ritz-Carlton Residences Dubai in The World Islands, the latest addition to its growing portfolio of distinguished addresses and its second collaboration with Marriott International.
Saudi Arabia's National Water Company (NWC) has completed a water distribution network project in Al Shanan Governorate in the Hail region. The work involved laying of more than 21 km of water pipelines as well as providing service to more than 857 beneficiaries through 175 new connections.
Sohar Port and Freezone has announced the groundbreaking of its Zinc Recycling Industrial Park located on a 100,000 sq m site within its key development. Once operational, it is expected to produce 100,000 T of refined zinc ingots and 50,000 T of zinc oxide annually for customers across the region.
