Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months.
Dubai Electricity and Water Authority (Dewa) has announced that it has ranked first in 13 key performance indicators across its operations, alongside leading regional indicators, demonstrating that excellence in Dubai is measured by impact rather than scale alone.
Roads and Transport Authority (RTA) has awarded a AED2 billion ($544 million) contract for the development of the 12-km Latifa bint Hamdan Corridor Development Project in Dubai. The scope of work includes the construction of seven bridges extending 2,300m and eight tunnels covering 900m.
Qatar has inaugurated its first smart mosque, featuring renewable energy and water-saving technologies, as it seeks to modernise mosque infrastructure and promote sustainability. The complex has been built on a 4,015-sq-m site using a contemporary architectural design.
Cavendish Maxwell, a leading Middle East real estate advisory group and property consultancy, has announced that its Oman head Khalil Al Zadjali has been appointed the Vice President of the Valuation Committee at the Oman Real Estate Association (ORA).
Saudi Arabia's Knowledge Economic City has announced that it had signed a non-binding term sheet with Albilad Capital for the establishment of a closed-ended private real estate investment fund worth SAR1.5 billion ($400 million), to finance the first phase of its Multaqa Hospitality project in Madinah.
Leading Saudi contractor Almabani, along with its consortium partners - CarbonCure, a Canadian clean technology company and Spanish construction group FCC - has been awarded the contract to supply lower carbon concrete for the mega King Salman International Airport (KSIA) project in Riyadh.
Buying a property in Bahrain could soon come with an added layer of protection after the kingdom’s Capital Trustees Board backed a proposal requiring a No Objection Certificate (NOC) confirming a building is free from hidden municipal violations before a sale is completed, said a report.
SmartWatt Consulting and Integrated Energy Services, an Abu Dhabi-headquartered energy technology company, has partnered with India's BSES Rajdhani Power to develop AI-enabled demand-side flexibility solutions for capital Delhi's electricity network under the Muruna Initiative.
Historic Jeddah is expanding its role as a cultural destination by opening restored heritage buildings to cultural programmes and specialised initiatives, as Saudi Arabia seeks to preserve the UNESCO World Heritage site while promoting its long-term sustainability, said a report.
