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Al Sarooj in deal to accelerate Aims Bay Project work

Al Sarooj Development Company has signed an agreement with Musandam Governorate in Oman for the development of vital infrastructure and investment components of the Aims Bay Project a coastal and tourism...

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RCRC awards $1.47bn contracts for 94 new Riyadh Metro train sets

The Royal Commission for Riyadh City (RCRC) has awarded contracts worth SAR5.5 billion ( 1.47 billion) to German industrial giant Siemens and French rolling stock manufacturer Alstom to purchase 94 new...

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Oman lays foundation stone for $15m tourism, commercial project in Masirah

Oman has laid the foundation stone for an integrated tourism and commercial project in the Wilayat of Masirah South A Sharqiyah Governorate with an investment of RO5.775 million ( 15 million). The ceremony...

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Riyadh Municipality signs up for Future Investment Initiative summit FII10

The Future Investment Initiative (FII) Institute and Riyadh Municipality have announced the signing of a partnership as the capital prepares to host the tenth edition of its key conference FII10 thusbringing...

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Saudi PIF unit launches second residential mortgage-backed securities issuance

The Saudi Real Estate Refinance Company (SRC) a PIF company has announced the launch of its second Residential Mortgage-Backed Securities (RMBS) issuance marking a significant step in the development of...

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UAE group AESG buys top Australian renewable energy consultancy

AESG a leading global engineering consultancy and advisory firm has announced the acquisition of The Energy Project (TEP) one of Australia s leading specialist renewable and distributed-energy consultancies....

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ADPIC, TBC join forces to explore underground infrastructure in Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has partnered with The Boring Company (TBC) the advanced tunnelling and infrastructure technology company founded by Elon Musk to explore underground...

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Dubai has $572bn projects underway, more to come: Sheikh Mohammed

Dubai has nearly AED2.1 trillion ( 571.5 billion) worth of projects underway across housing transportation aviation infrastructure and economic development with more projects to be announced in the coming...

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Lucid seals partnership deal with Saudi Logistics Academy

Lucid Group maker of the world s most advanced software-defined vehicles and technologies and the Saudi Logistics Academy (SLA) have announced a partnership to prepare Saudi talent for logistics and supply-chain...

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BI Group teams up with Citic Contracting for prime Dubai projects

BI Group has signed an agreement with Citic Middle East Contracting the UAE subsidiary of China s Citic Construction Co to collaborate on the construction of three upcoming real estate developments in...

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