Events linked to the Middle East conflict could give construction contractors in the region rights to claim relief from obligations they owe under their contracts, an expert has said.
KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) on Wednesday announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in Saudi Arabia.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed up Tashyeed Hayat Contracting Company for carrying out construction work on several of its prime projects across capital Riyadh.
Kuwait has awarded an infrastructure contract worth KD77.7 million ($253 million) to Khalid Ali Al Kharafi & Brothers for its Shuwaikh Water Distribution Complex. The scope of work includes the construction, maintenance, and development of the existing facility.
Saipem, a global leader in the engineering and construction of key energy projects, has announced that it has secured an EPCI contract worth $3.1 billion from QatarEnergy LNG for the Comp5 package of its North Field NFPS Offshore Compression Complexes project.
Leading developer Mered has appointed NSCC International as the enabling works contractor for Riviera Residences, its landmark waterfront development on Al Reem Island in Abu Dhabi featuring more than 400 apartments, 12 exclusive villas and a penthouse.
Dar Global, the London-listed luxury real estate developer, has officially awarded the main works contract for SAR2 billion ($531 million) Trump Tower Jeddah to Arabian Construction Company, following the completion of the enabling and foundation works.
UAE-based Empire Developments has signed up Sinyar Al Khaleej Contracting for its mid-rise residential complex, Empire Livings, in Dubai Science Park. Set for handover in Q2 2027, the project will deliver 202 residences as well as modern retail spaces.
Meraas, a member of Dubai Holding Real Estate, has awarded a AED440 million ($120 million) contract for the development of the City Walk Northline project. The scope of work includes the construction of three premium residential buildings, which is set for completion in Q3 2027.
Kuwait has awarded a KD149 million ($488 million) contract to Turkish construction company Kuzu Group to build a wastewater treatment plant with a total 400,000 cu m per day capacity for the South Al Mutlaa city project.
