685,000 cu m CAPACITY

Vision consortium emerges preferred bidder for Riyadh-Qassim water project

Wed, 24 Dec 2025

Saudi Water Partnership Company (SWPC) has announced that a developer consortium led by Vision International Investment Company has emerged as the preferred bidder for the Riyadh-Qassim IWTP Project which boasts a 685,000 cu m per day transmission capacity.

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INSIGHT

IT services spend in MENA set to reach up to 28% of total tech budgets

Tue, 23 Dec 2025

The Middle East and North Africa (MENA) is entering a decisive, services-led growth phase in its IT sector, as enterprises and governments accelerate large-scale digital transformation initiatives, says a report.

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COMCAST INOLVED IN THE PROJECT

Universal Studios in early planning stages for theme park in Saudi Arabia, says report

Tue, 23 Dec 2025

Universal ‍Studios ‍is in early planning ​stages to build a new ⁠theme park in Saudi Arabia, the Wall ⁠Street Journal ‌reported on Friday, citing people with knowledge of ⁠the matter. The Comcast unit is doing initial concept work for the park.

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NEW TOURISM INITIATIVE

Dubai launches region’s first integrated recreational vehicle route

Tue, 23 Dec 2025

Dubai Municipality has launched the region’s first integrated recreational vehicle (RV) route, marking a pioneering step in developing a new model of nature-based tourism in Dubai.

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DEALS HIT $53 BILLION

Middle East M&A activity surges 260% despite market volatility

Mon, 22 Dec 2025

Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year, a report said.

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Top This Week

Taraf, Masdar City to launch 153-acre residential masterplan in Abu Dhabi

Mon, 22 Dec 2025

Taraf, the real estate division of Yas Holding, and Masdar City, Abu Dhabi’s pioneering sustainable urban district, are joining forces to develop Fay Hills, a 153-acre residential masterplan designed around sustainability, wellness, and human-centred living.

Saipem snaps up $3.1bn offshore EPCI contract in Qatar

Mon, 22 Dec 2025

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.

Ecolab, Saudi Water Authority sign MoU to accelerate water innovation

Mon, 22 Dec 2025

Ecolab, a global sustainability leader in water, hygiene and infection prevention solutions and services, and the Saudi Water Authority (SWA) have entered into a non-binding memorandum of understanding (MoU) to accelerate water innovation and the Kingdom’s sustainability objectives.

Oman-based United Solar to receive $30m investment from Waaree Solar Americas

Mon, 22 Dec 2025

Waaree Solar Americas has signed a binding term sheet to invest $30 million in Oman-based United Solar Holding (United Solar) through Series B preferred shares, alongside a long-term polysilicon offtake agreement to support Waaree’s global solar manufacturing operations, and in particular US operations.

KKR, Acwa Power ink Saudi strategic infrastructure financing deal

Mon, 22 Dec 2025

KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region.

KKR, ACWA Power announce financing deal for Rabigh 3 desal facility

Mon, 22 Dec 2025

KKR, a leading global investment firm, has announced a strategic financing transaction with ACWA Power, the world’s largest private water desalination company, a leader in energy transition and a first mover in green hydrogen.

Expo Centre Sharjah to host over 95 exhibitions and events next year

Mon, 22 Dec 2025

Expo Centre Sharjah is set to deliver an extensive portfolio of events in 2026, solidifying its position as a leading regional destination for world-class exhibitions and conferences and a global hub for business tourism.

YBA Kanoo Group announces new board of directors

Sun, 21 Dec 2025

Yusuf Bin Ahmed Kanoo Group, one of the region's largest independent family-owned multinational businesses headquartered in Bahrain, has announced the appointment of its new Board of Directors under the chairmanship of Fawzi Ahmed Kanoo.

UAE tourism sector adds $70bn to GDP, sets visitor records in 2025

Sat, 20 Dec 2025

The UAE’s tourism sector continued its strong upward trajectory in 2025, consolidating its position as one of the country’s most dynamic economic sectors, contributing AED257 billion ($70 billion) to GDP and setting new visitor records for the year, said a report.

Symbolic closes 2025 on a high with project launches, timely delivery

Thu, 25 Dec 2025

Symbolic Developments, the real estate division of Speedex Group, said it has closed 2025 as its most transformative year yet, mainly driven by rapid delivery, solid investor performance and an expanding community footprint.

First dynamic green ammonia plant launches in Denmark

Thu, 25 Dec 2025

Topsoe, a leader in carbon-reduction technologies, together with Skovgaard Energy and Vestas, has achieved a milestone by bringing a dynamic green ammonia plant into operation.

Top global players in the race for Taif airport project contract

Thu, 25 Dec 2025

Leading global players in airport construction sector including Indian groups GMR and Bengaluru International Airport Limited, Turkey’s TAV Airports as well as Irish group daa International are in the race to build the new airport at Taif region of Saudi Arabia.

Group-IB, VAS in deal to boost cybersecurity across Saudi Arabia

Thu, 25 Dec 2025

Group-IB, a leading creator of cybersecurity technologies, has joined hands with VAS Integrated Solutions, a value-added distributor (VAD) of leading brands, to explore strategic co-operation and future channel-led expansion opportunities across Saudi Arabia.

IT services spend in MENA set to reach up to 28% of total tech budgets

Tue, 23 Dec 2025

The Middle East and North Africa (MENA) is entering a decisive, services-led growth phase in its IT sector, as enterprises and governments accelerate large-scale digital transformation initiatives, says a report.

BNW unveils Tonino Lamborghini-branded luxury homes in Ras Al Khaimah

Wed, 24 Dec 2025

BNW Developments, a premier real estate developer in UAE, has unveiled the first Tonino Lamborghini Residences on Al Marjan Island in Ras Al Khaimah offering an exclusive collection of 377 apartments alongside villas, penthouses and mansions.

Eight Abu Dhabi facilities in Newsweek’s specialist hospitals’ list

Thu, 25 Dec 2025

Eight healthcare facilities in Abu Dhabi were featured in Newsweek’s Best Specialised Hospitals Middle East 2026 list, with five ranking among the region’s top 10 across multiple specialties. Cleveland Clinic Abu Dhabi topped the Middle East rankings list.

YBA Kanoo Group announces new board of directors

Sun, 21 Dec 2025

Yusuf Bin Ahmed Kanoo Group, one of the region's largest independent family-owned multinational businesses headquartered in Bahrain, has announced the appointment of its new Board of Directors under the chairmanship of Fawzi Ahmed Kanoo.

Chalhoub signs solar lease deal with Yellow Door Energy

Thu, 18 Dec 2025

Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.

Indian group Nisus buys key residential tower in Dubai Motor City

Thu, 25 Dec 2025

India-based Nisus Finance Services Company has acquired a prime residential building in Dubai Motor City for AED221 million ($60 million). Completed in 2021, the Lootah Avenue is a fully occupied freehold development featuring 273 residential units and other amenities.

Group-IB, VAS in deal to boost cybersecurity across Saudi Arabia

Thu, 25 Dec 2025

Group-IB, a leading creator of cybersecurity technologies, has joined hands with VAS Integrated Solutions, a value-added distributor (VAD) of leading brands, to explore strategic co-operation and future channel-led expansion opportunities across Saudi Arabia.

Ford debuts Middle East-exclusive Everest V6 engine line-up

Wed, 24 Dec 2025

Ford Middle East and North Africa has unveiled the new 2026 Ford Everest at the Liwa International Festival, highlighting a Middle East-exclusive 2.7L V6 EcoBoost engine and showcasing the region’s newest off-road-focused variant, the Everest Tremor.

Universal Studios in early planning stages for theme park in Saudi Arabia, says report

Tue, 23 Dec 2025

Universal ‍Studios ‍is in early planning ​stages to build a new ⁠theme park in Saudi Arabia, the Wall ⁠Street Journal ‌reported on Friday, citing people with knowledge of ⁠the matter. The Comcast unit is doing initial concept work for the park.

Abu Dhabi to host Gran Turismo World Series 2026 opening event

Mon, 22 Dec 2025

For the first time in the Middle East, Abu Dhabi will host the Gran Turismo World Series 2026 opening event, scheduled for March 28 at the Space42 Arena. The landmark event will bring together the world’s top Gran Turismo drivers to compete in an elite live championship.

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