Al Masraf (Arab Bank for Investment & Foreign Trade) has announced that it has inked a major project financing deal with Innovo Group, an industry leader in construction and development across the built environment. This funding will help Innovo in delivering a significant project.
Forbes has unveiled the fourth edition of its annual ranking - The Middle East’s Sustainability Leaders 2026 - recognising 145 executives advancing the region’s transition to a more low-carbon economy. The list spans 17 key sectors including real estate and construction, oil and gas, banks, logistics and tourism.
Two of the major events in the Saudi construction sector - the 36th edition of Saudi Build and the 27th edition of Saudi Elenex - originally scheduled to be held from November 2 to 5 in the capital Riyadh have been postponed to next year due to the ongoing Middle East tensions.
Qatar's Public Works Authority (Ashghal) said it has begun implementing the roads and infrastructure development project in the West Umm Salal Mohammed area, at a total investment of QR1 billion ($270 million) as part of its comprehensive plan to develop infrastructure services across the country.
Indian construction and engineering conglomerate Larsen & Toubro (L&T) has signed an agreement with Onaizah Colleges to prepare Saudi students for careers in renewable energy, supporting the kingdom’s energy transition and its Vision 2030 goal of developing a skilled national workforce.
Saudi Arabia is accelerating its housing, transport and urban development programmes, with more than 63,000 Saudi families becoming first-time homeowners in the first half of 2026 and Riyadh advancing a wide range of infrastructure projects aimed at improving mobility, expanding residential options and supporting the capital’s long-term growth.
BI Group has signed a deal with Citic Middle East Contracting, the UAE subsidiary of Chinese group Citic Construction, to collaborate on the construction of three real estate developments in Dubai - all coming up in Meydan Horizon. As per the deal, Citic will be the main construction contractor across all three projects.
A joint venture between China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction has secured a major contract worth AED10 billion ($2.7 billion) for the West Terminal substructure at Al Maktoum International airport, said a report.
Indian construction and engineering conglomerate Larsen & Toubro (L&T) is bringing its energy and infrastructure expertise into focus at the ongoing WPC Energy Congress in Riyadh. The company is playing a vital role at the event as the Industry Sponsor.
Oman’s construction sector is poised for growth, supported by a pipeline of projects worth $120 billion through 2030 spanning infrastructure, tourism and industrial development, with the sector’s investment opportunities set to be highlighted at Project Oman 2026 in Muscat this November.
