Hamad Mohammed Bin Saedan Real Estate Company has signed a SAR13.76 million ($3.66 million) construction contract with Raya Al Omran Contracting Company to develop residential units under its Dar Hamad 3 project in Riyadh.
Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh.
Saudi-based Baazeem Trading Company has announced that it has signed up Al Mammar & Steel Company to build a new warehouse for the company in Khamis Mushait area of the kingdom. The entire construction work will be completed within one year.
Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar.
Spanish engineering and construction company Técnicas Reunidas has secured a Letter of Intent (LOI) for a $1.65 billion contract to build onshore gas facilities for a major gas field development in the Middle East, thus strengthening its position in the region's energy infrastructure market.
Bahrain's Eskan Bank has invited bids from leading contractors for Madinat Salman Community Development Phase II project. The projects cover a central market, a supermarket and a sports facility - featuring two football fields and two drive-through buildings - with a combined BUA of 5,231 sq m.
UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions.
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Shamal Holding, a UAE diversified investment company, has awarded the main works contract to Dutco Construction for its new residential project on the former Dubai Zoo site in Jumeirah 1. Once completed, it will boast 90 low-rise homes that blend refined architecture, nature and connected living.
Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.
