Worldwide spending on artificial intelligence (AI) is forecast to hit $2.52 trillion in 2026, up 44% over last year, said a report. The AI infrastructure is driving this boom; adding a whopping $401 billion in expenditure as technology providers continue to build out AI foundations.
Parsons Corporation has secured the infrastructure lead design consultancy contract from Saudi PIF-owned New Murabba Development Company for its mega project in the kingdom. The scope of work includes provision of design and construction technical support for New Murabba project.
The Royal Commission for Riyadh City (RCRC) has awarded a contract for the design, implementation and completion of an extension to the Red Line of the Riyadh Metro network. On completion, the Red Line network will span 33.7km covering a total of 20 stations.
Bahraini authorities have announced that one of the kingdom's major infrastructure projects - Muharraq-Arad Bridge - has entered the preliminary design phase. The scheme is intended to boost access to East Hidd Town while easing traffic congestion across Muharraq, said a report.
