Dammam Airports has awarded a series of agreements worth SAR1.2 billion ($317 million) in bid to boost the infrastructure and operational capabilities at King Fahd International Airport. A major portion of the deals covers the construction of a new power station and medium-voltage electrical distribution network.
The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million).
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
Dubai Holding Real Estate, an integrated master developer, has partnered with Commercial Bank of Dubai (CBD) to launch a new home financing programme for eligible customers purchasing properties across key developments such as Nakheel, Meraas and Dubai Properties.
Arclin, a global materials science company, has announced that it has completed the acquisition of DuPont’s Aramids business, including the renowned Kevlar and Nomex brands, for approximately $1.8 billion.
India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, has announced that its consortium has secured a major contract for the development of the third phase of Ajman Sewage Biorefinery Plant in UAE with a 60 million litres per day treatment capacity.
Saudi developer Umm Al Qura has announced the launch of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by extensive infrastructure, green spaces, pedestrian pathways and modern mobility solutions.
Nemetschek, a key software provider for architecture, engineering and construction industry, is showcasing its Connected Construction vision at the Project Qatar 2026, highlighting how digital solutions across the entire building lifecycle can help firms boost efficiency, sustainability and project delivery outcomes.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
Canadian group Cority has announced a significant expansion of its presence in Saudi Arabia with the launch of its new regional headquarters. Its cloud-based architecture enables organisations to centralise EHS data, improve transparency, and give teams a clearer, faster view of risk across operations.
