RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) said one of its key units has secured EPC orders - in the range of Rs50 billion to 100 billion ($551 million to $1.1 billion) - from leading utilities in the Middle East to establish electricity grid system elements across the region.
Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract worth KD174.2 million ($567.4 million) from Kuwait Oil Company for the construction of flowlines and associated works at its upstream oil facilities.
SSH, a leading master planning, infrastructure, building design and construction supervision firm, has partnered with the Oman Design Association (ODA), thus marking a significant step towards strengthening collaboration across Oman’s design and architecture sector.
Aldar has added a number of strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED23 billion ($6.26 billion), further reinforcing Aldar’s landbank strength and providing a pipeline for sustained, long-term growth across the capital’s most attractive development corridors.
Omniyat, a leading UAE developer, has signed up Dutco as the main contractor for its flagship ultra-luxury commercial tower Enara in Dubai. Located within the Burj Khalifa District, the project is a combination of five-star hospitality-inspired amenities with sustainable, future-ready design.
Oman's Tenders Board has announced that the total value of the government’s upcoming development projects stands at more than RO1.5 billion ($3.8 billion), These include ports, roads, dams, buildings and public facilities as well as pipeline network projects and well drilling.
Nemetschek, a leading software provider for the architecture, engineering, construction and operations (AEC/O) industry, has signed a strategic agreement with the Saudi Facility Management Association to support the advancement of the facilities management sector in the kingdom.
Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group, a leader in the construction and industrial sectors, to provide affordable financing solutions for citizens to build their residential plot.
IHC, a key investment company based in Abu Dhabi with interests in asset management, real estate, construction and finance sectors, has reported a 29% rise in its revenue for FY 2025 and a 35% jump in profit, supported by strong performance across its diversified portfolio.
