Saudi Arabia's King Salman International Airport Development Company (KSIADC) is preparing to tender two new infrastructure contracts for King Salman airport in Riyadh after completing the contractor prequalification stage. It aims to accommodate up to 120 million passengers by 2030, said a report.
Saudi Entertainment Ventures (SEVEN) will officially open its first entertainment destination in the kingdom on August 5, marking a major milestone in the roll-out of its nationwide programme of large-scale leisure developments and a significant step in Saudi Arabia's drive to expand its tourism and entertainment offering under Vision 2030.
Saudi-based Asas Makeen Real Estate Development has signed a framework agreement with two key entities - Middle East Financial Investment and Binaa Altharwat Company - to set up a real estate investment fund for the development of prime land owned by the company in Riyadh.
Saudi-based Remat Al Riyadh Development has signed a contract for the installation, operation and maintenance of advertising billboards on building facades at three locations across Riyadh. This comes as part of its efforts to expand and regulate the city's outdoor advertising network.
The American Concrete Institute (ACI) has announced that it has added ACI Code-440.11-22, which sets building code requirements for structural concrete reinforced with glass fiber-reinforced polymer (GFRP) bars, to its ACI PLUS digital platform.
Mohammed Bin Rashid Aerospace Hub (MBRAH) at Dubai South has announced that UUDS Aero, a key aircraft maintenance company, has expanded its presence within the hub, growing its footprint to over 180,000 sqm across multiple facilities since establishing its first operation at the aerospace platform in 2022.
UAE-based Europhon Acoustics said it has completed a large-scale acoustic installation at the Al Shera’a Headquarters of Dubai Electricity and Water Authority (Dewa), with nearly 5,000 sq m of its Melo Acoustic Plaster installed across the building’s lobbies, gym and office spaces.
Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert.
Saudi Arabia’s cement sales volume in June increased by 8.9% year-on-year to 4.39 metric tonnes, reflecting a recovery from last month’s decline, according to a new report by Al Rajhi capital. Yamama continues to maintain dominant market share.
Project awards in the GCC region for the second quarter surged to $59.4 billion, up 30% over last year supported by higher contract activity in Saudi Arabia and Oman, although activity slowed sharply from Q1, according to a report.
