The future of the Saudi heavy construction equipment market appears promising, driven by ongoing government initiatives and urbanisation trends. Under its Vision 2030 initiative, the kingdom aims to invest over $500 billion in mega housing and urban development projects, thus driving demand for advanced machinery, said a report.
AtkinsRéalis has signed a strategic deal with Futurecity, the cultural placemaking agency, to advance culture-led urban development across global markets. The duo will initially focus on the Middle East, where major investment in arts, culture and destination development is reshaping cities.
Saudi Arabia’s Retal Urban Development Company has entered into an agreement with leading Omani authorities for the development of three neighbourhood community projects within Sultan Haitham City, Oman’s largest urban development project, at a total investment of $800 million.
