AlKifah Ready Mix & Blocks (KRB) a long-standing leader in Saudi Arabia s construction industry is capitalising on its 40 years of expertise to drive growth and innovation through a blend of local insight product quality a strong commitment to sustainability and a skilled workforce. As part of the SaudiMade Programme KRB is advancing its market presence and reinforcing its reputation for sustainable practices. Nigel Harries General Manager of KRB attributes the company s success to its deep understanding of the local market and its unwavering commitment to quality. Being a Saudi company KRB has a deep understanding of the local market culture and business practices which gives us a significant advantage in catering to the specific needs of our clients Harries states in an exclusive interview with Gulf Construction . He emphasises that KRB s local knowledge coupled with its focus on product innovation has been critical in maintaining its position as a market leader. By championing local production and prioritising sustainability the company has won prominent clients such as Aramco Rua Al Madinah Neom PIF subsidiaries Red Sea Global and Qiddiya he adds. KRB s products are renowned for their durability and consistency thanks to its rigorous quality control measures and cutting-edge technology. The company adheres to international standards including ISO 9001:2015 and invests heavily in research and development to introduce new products and improve existing ones that cater to the evolving construction needs. Environmental Focus The company has been at the forefront of introducing eco-friendly products in Saudi Arabia. KRB was and still is a pioneer in the Saudi market for innovative green and sustainable solutions such as ConGreen which are ultra-green concrete products and BloGreen which are ultra-green block products. These products have been widely adopted in mega and giga projects across the kingdom and have proven their high performance thus strengthening the company s position in the Saudi market he says. KRB s ConGreen solutions have been supplied to Qiddiya in Riyadh and the King Salman Global Maritime Industries Complex in Jubail and is currently being used at the Aramco Stadium project in Al Khobar. Al Kifah s green solutions have unique properties which facilitate tasks on the job site through their better workability and better finishability he adds. ConGreen leverages CarbonCure technology and natural pozzolans to reduce cement content while maintaining strength and durability resulting in a lower carbon footprint in line with Saudi Arabia s sustainability goals. CarbonCure is an innovative technology that injects carbon dioxide (captured from industrial emitters) into the concrete during the batching process. KRB also offers special concrete mixes that utilise recycled metal slag aggregates to reduce their carbon footprint. These materials not only have a zero carbon footprint but also a zero resource footprint he points out. The company also offers volumetric mobile batch plants (VMBPs) which enable the production of high-quality concrete in remote areas and tough topographies where it is not possible to erect a stationary batch plant. These VMBPs are considered an all-in-one solution offering many advantages such as zero wastage zero mobilisation time lower carbon dioxide emission and are a smart solution for supplying concrete in these remote areas Harries says. KRB s environmental stewardship extends beyond product innovation to include several initiatives: Material recycling: Utilising recycled CO2 (CarbonCure) metal slag and construction waste in concrete production; Local sourcing: Employing locally sourced materials like natural pozzolan to decrease transportation emissions; Waste management: Implementing waste control measures such as smart reclaimers to minimise waste generated during concrete production; Water conservation: Recycling water and adopting water-saving practices to preserve this scarce resource; and Energy efficiency: Using low-energy production processes like volumetric mobile batch plants. Aligning with Saudi Vision 2030 KRB prioritises the use of local and regional resources maximising the use of raw materials produced in-house by its sister companies. This approach not only boosts the local economy but also contributes to a more efficient supply chain. This also reduces transportation emissions he says. SaudiMade The company s affiliation with the SaudiMade programme has been instrumental in its growth trajectory. Being part of SaudiMade initiative which is aligned with Saudi Vision 2030 has significantly contributed to KRB s growth and market presence says Harries. The SaudiMade programme emphasises local production and supports companies in expanding their footprint both locally and internationally. For KRB this membership has bolstered its credibility and helped it secure more contracts especially for projects that prioritise sustainability and the use of locally sourced materials. The company has also enhanced its green product line such as ConGreen which meets rigorous environmental standards and is widely accepted by major clients like Saudi Aramco. Overall participation in the SaudiMade programme has helped KRB not only to grow its market share but also to innovate and lead in sustainable construction practices within Saudi Arabia he adds. Focus on Quality To ensure consistent product quality KRB adheres to stringent quality control measures leverages advanced technology and invests heavily in employee training. The company adopts a multifaceted approach to ensure the consistent high quality of its products. He elaborates: KRB has a robust quality control system in place adhering to international standards like ISO 9001:2015. This system involves regular inspections testing of raw materials and finished products and continuous monitoring of production processes. The company prioritises the use of premium raw materials sourced locally whenever possible and subjects them to rigorous testing before use. This ensures that the final products are of superior quality. In addition KRB utilises advanced technology and equipment in its production facilities allowing for precise control over the mixing and curing processes. This minimises variability and ensures consistent product quality. KRB has experienced professionals at all levels from production and quality control to sales and management contributing to operational efficiency and customer satisfaction. This apart the company invests in training and development programmes to ensure its workforce possesses the necessary skills and expertise to maintain high quality standards throughout the production process. KRB has an active research and development programme to continually improve its products and processes. This enables the company to stay ahead of industry trends and offer cutting-edge solutions to its customers he adds. Al Kifah s R&D team is currently working on developing a new generation of geopolymer concrete with near to zero carbon emission Harries reveals. KRB uses customer feedback to identify areas for improvement in line with its commitment to continuous improvement. This focus on consistent high quality not only builds customer trust and loyalty but also contributes to the overall success and reputation of the company in the Saudi construction industry he remarks. By combining deep-rooted local knowledge technological advancements and a strong commitment to sustainability AlKifah Ready Mix & Blocks has established itself as a formidable force in the Saudi construction industry.
Read More
AlKifah Ready Mix & Blocks (KRB) a long-standing leader in Saudi Arabia s construction industry is capitalising on its 40 years of expertise to drive growth and innovation through a blend of local insight product quality a strong commitment to sustainability and a skilled workforce. As part of the SaudiMade Programme KRB is advancing its market presence and reinforcing its reputation for sustainable practices. Nigel Harries General Manager of KRB attributes the company s success to its deep understanding of the local market and its unwavering commitment to quality. Being a Saudi company KRB has a deep understanding of the local market culture and business practices which gives us a significant advantage in catering to the specific needs of our clients Harries states in an exclusive interview with Gulf Construction . He emphasises that KRB s local knowledge coupled with its focus on product innovation has been critical in maintaining its position as a market leader. By championing local production and prioritising sustainability the company has won prominent clients such as Aramco Rua Al Madinah Neom PIF subsidiaries Red Sea Global and Qiddiya he adds. KRB s products are renowned for their durability and consistency thanks to its rigorous quality control measures and cutting-edge technology. The company adheres to international standards including ISO 9001:2015 and invests heavily in research and development to introduce new products and improve existing ones that cater to the evolving construction needs. Environmental Focus The company has been at the forefront of introducing eco-friendly products in Saudi Arabia. KRB was and still is a pioneer in the Saudi market for innovative green and sustainable solutions such as ConGreen which are ultra-green concrete products and BloGreen which are ultra-green block products. These products have been widely adopted in mega and giga projects across the kingdom and have proven their high performance thus strengthening the company s position in the Saudi market he says. KRB s ConGreen solutions have been supplied to Qiddiya in Riyadh and the King Salman Global Maritime Industries Complex in Jubail and is currently being used at the Aramco Stadium project in Al Khobar. Al Kifah s green solutions have unique properties which facilitate tasks on the job site through their better workability and better finishability he adds. ConGreen leverages CarbonCure technology and natural pozzolans to reduce cement content while maintaining strength and durability resulting in a lower carbon footprint in line with Saudi Arabia s sustainability goals. CarbonCure is an innovative technology that injects carbon dioxide (captured from industrial emitters) into the concrete during the batching process. KRB also offers special concrete mixes that utilise recycled metal slag aggregates to reduce their carbon footprint. These materials not only have a zero carbon footprint but also a zero resource footprint he points out. The company also offers volumetric mobile batch plants (VMBPs) which enable the production of high-quality concrete in remote areas and tough topographies where it is not possible to erect a stationary batch plant. These VMBPs are considered an all-in-one solution offering many advantages such as zero wastage zero mobilisation time lower carbon dioxide emission and are a smart solution for supplying concrete in these remote areas Harries says. KRB s environmental stewardship extends beyond product innovation to include several initiatives: Material recycling: Utilising recycled CO2 (CarbonCure) metal slag and construction waste in concrete production; Local sourcing: Employing locally sourced materials like natural pozzolan to decrease transportation emissions; Waste management: Implementing waste control measures such as smart reclaimers to minimise waste generated during concrete production; Water conservation: Recycling water and adopting water-saving practices to preserve this scarce resource; and Energy efficiency: Using low-energy production processes like volumetric mobile batch plants. Aligning with Saudi Vision 2030 KRB prioritises the use of local and regional resources maximising the use of raw materials produced in-house by its sister companies. This approach not only boosts the local economy but also contributes to a more efficient supply chain. This also reduces transportation emissions he says. SaudiMade The company s affiliation with the SaudiMade programme has been instrumental in its growth trajectory. Being part of SaudiMade initiative which is aligned with Saudi Vision 2030 has significantly contributed to KRB s growth and market presence says Harries. The SaudiMade programme emphasises local production and supports companies in expanding their footprint both locally and internationally. For KRB this membership has bolstered its credibility and helped it secure more contracts especially for projects that prioritise sustainability and the use of locally sourced materials. The company has also enhanced its green product line such as ConGreen which meets rigorous environmental standards and is widely accepted by major clients like Saudi Aramco. Overall participation in the SaudiMade programme has helped KRB not only to grow its market share but also to innovate and lead in sustainable construction practices within Saudi Arabia he adds. Focus on Quality To ensure consistent product quality KRB adheres to stringent quality control measures leverages advanced technology and invests heavily in employee training. The company adopts a multifaceted approach to ensure the consistent high quality of its products. He elaborates: KRB has a robust quality control system in place adhering to international standards like ISO 9001:2015. This system involves regular inspections testing of raw materials and finished products and continuous monitoring of production processes. The company prioritises the use of premium raw materials sourced locally whenever possible and subjects them to rigorous testing before use. This ensures that the final products are of superior quality. In addition KRB utilises advanced technology and equipment in its production facilities allowing for precise control over the mixing and curing processes. This minimises variability and ensures consistent product quality. KRB has experienced professionals at all levels from production and quality control to sales and management contributing to operational efficiency and customer satisfaction. This apart the company invests in training and development programmes to ensure its workforce possesses the necessary skills and expertise to maintain high quality standards throughout the production process. KRB has an active research and development programme to continually improve its products and processes. This enables the company to stay ahead of industry trends and offer cutting-edge solutions to its customers he adds. Al Kifah s R&D team is currently working on developing a new generation of geopolymer concrete with near to zero carbon emission Harries reveals. KRB uses customer feedback to identify areas for improvement in line with its commitment to continuous improvement. This focus on consistent high quality not only builds customer trust and loyalty but also contributes to the overall success and reputation of the company in the Saudi construction industry he remarks. By combining deep-rooted local knowledge technological advancements and a strong commitment to sustainability AlKifah Ready Mix & Blocks has established itself as a formidable force in the Saudi construction industry.
AlKifah Ready Mix & Blocks (KRB) a long-standing leader in Saudi Arabia s construction industry is capitalising on its 40 years of expertise to drive growth and innovation through a blend of local insight product quality a strong commitment to sustainability and a skilled workforce. As part of the SaudiMade Programme KRB is advancing its market presence and reinforcing its reputation for sustainable practices. Nigel Harries General Manager of KRB attributes the company s success to its deep understanding of the local market and its unwavering commitment to quality. Being a Saudi company KRB has a deep understanding of the local market culture and business practices which gives us a significant advantage in catering to the specific needs of our clients Harries states in an exclusive interview with Gulf Construction . He emphasises that KRB s local knowledge coupled with its focus on product innovation has been critical in maintaining its position as a market leader. By championing local production and prioritising sustainability the company has won prominent clients such as Aramco Rua Al Madinah Neom PIF subsidiaries Red Sea Global and Qiddiya he adds. KRB s products are renowned for their durability and consistency thanks to its rigorous quality control measures and cutting-edge technology. The company adheres to international standards including ISO 9001:2015 and invests heavily in research and development to introduce new products and improve existing ones that cater to the evolving construction needs. Environmental Focus The company has been at the forefront of introducing eco-friendly products in Saudi Arabia. KRB was and still is a pioneer in the Saudi market for innovative green and sustainable solutions such as ConGreen which are ultra-green concrete products and BloGreen which are ultra-green block products. These products have been widely adopted in mega and giga projects across the kingdom and have proven their high performance thus strengthening the company s position in the Saudi market he says. KRB s ConGreen solutions have been supplied to Qiddiya in Riyadh and the King Salman Global Maritime Industries Complex in Jubail and is currently being used at the Aramco Stadium project in Al Khobar. Al Kifah s green solutions have unique properties which facilitate tasks on the job site through their better workability and better finishability he adds. ConGreen leverages CarbonCure technology and natural pozzolans to reduce cement content while maintaining strength and durability resulting in a lower carbon footprint in line with Saudi Arabia s sustainability goals. CarbonCure is an innovative technology that injects carbon dioxide (captured from industrial emitters) into the concrete during the batching process. KRB also offers special concrete mixes that utilise recycled metal slag aggregates to reduce their carbon footprint. These materials not only have a zero carbon footprint but also a zero resource footprint he points out. The company also offers volumetric mobile batch plants (VMBPs) which enable the production of high-quality concrete in remote areas and tough topographies where it is not possible to erect a stationary batch plant. These VMBPs are considered an all-in-one solution offering many advantages such as zero wastage zero mobilisation time lower carbon dioxide emission and are a smart solution for supplying concrete in these remote areas Harries says. KRB s environmental stewardship extends beyond product innovation to include several initiatives: Material recycling: Utilising recycled CO2 (CarbonCure) metal slag and construction waste in concrete production; Local sourcing: Employing locally sourced materials like natural pozzolan to decrease transportation emissions; Waste management: Implementing waste control measures such as smart reclaimers to minimise waste generated during concrete production; Water conservation: Recycling water and adopting water-saving practices to preserve this scarce resource; and Energy efficiency: Using low-energy production processes like volumetric mobile batch plants. Aligning with Saudi Vision 2030 KRB prioritises the use of local and regional resources maximising the use of raw materials produced in-house by its sister companies. This approach not only boosts the local economy but also contributes to a more efficient supply chain. This also reduces transportation emissions he says. SaudiMade The company s affiliation with the SaudiMade programme has been instrumental in its growth trajectory. Being part of SaudiMade initiative which is aligned with Saudi Vision 2030 has significantly contributed to KRB s growth and market presence says Harries. The SaudiMade programme emphasises local production and supports companies in expanding their footprint both locally and internationally. For KRB this membership has bolstered its credibility and helped it secure more contracts especially for projects that prioritise sustainability and the use of locally sourced materials. The company has also enhanced its green product line such as ConGreen which meets rigorous environmental standards and is widely accepted by major clients like Saudi Aramco. Overall participation in the SaudiMade programme has helped KRB not only to grow its market share but also to innovate and lead in sustainable construction practices within Saudi Arabia he adds. Focus on Quality To ensure consistent product quality KRB adheres to stringent quality control measures leverages advanced technology and invests heavily in employee training. The company adopts a multifaceted approach to ensure the consistent high quality of its products. He elaborates: KRB has a robust quality control system in place adhering to international standards like ISO 9001:2015. This system involves regular inspections testing of raw materials and finished products and continuous monitoring of production processes. The company prioritises the use of premium raw materials sourced locally whenever possible and subjects them to rigorous testing before use. This ensures that the final products are of superior quality. In addition KRB utilises advanced technology and equipment in its production facilities allowing for precise control over the mixing and curing processes. This minimises variability and ensures consistent product quality. KRB has experienced professionals at all levels from production and quality control to sales and management contributing to operational efficiency and customer satisfaction. This apart the company invests in training and development programmes to ensure its workforce possesses the necessary skills and expertise to maintain high quality standards throughout the production process. KRB has an active research and development programme to continually improve its products and processes. This enables the company to stay ahead of industry trends and offer cutting-edge solutions to its customers he adds. Al Kifah s R&D team is currently working on developing a new generation of geopolymer concrete with near to zero carbon emission Harries reveals. KRB uses customer feedback to identify areas for improvement in line with its commitment to continuous improvement. This focus on consistent high quality not only builds customer trust and loyalty but also contributes to the overall success and reputation of the company in the Saudi construction industry he remarks. By combining deep-rooted local knowledge technological advancements and a strong commitment to sustainability AlKifah Ready Mix & Blocks has established itself as a formidable force in the Saudi construction industry.
Read More
AlKifah Ready Mix & Blocks (KRB), a long-standing leader in Saudi
Arabia’s construction industry, is capitalising on its 40 years of expertise to
drive growth and innovation through a blend of local insight, product quality,
a strong commitment to sustainability and a skilled workforce.
As part of the SaudiMade Programme, KRB is advancing its market presence and reinforcing its reputation for sustainable practices.
Nigel Harries, General Manager of KRB, attributes the company’s success to its deep understanding of the local market and its unwavering commitment to quality.
“Being a Saudi company, KRB has a deep understanding of the local market, culture, and business practices, which gives us a significant advantage in catering to the specific needs of our clients,” Harries states in an exclusive interview with Gulf Construction.
He emphasises that KRB’s local knowledge, coupled with its focus on product innovation, has been critical in maintaining its position as a market leader. By championing local production and prioritising sustainability, the company has won prominent clients such as Aramco, Rua Al Madinah, Neom, PIF subsidiaries, Red Sea Global and Qiddiya, he adds.
KRB’s products are renowned for their durability and consistency, thanks to its rigorous quality control measures and cutting-edge technology. The company adheres to international standards, including ISO 9001:2015 and invests heavily in research and development to introduce new products and improve existing ones that cater to the evolving construction needs.
Environmental Focus
The company has been at the forefront of introducing eco-friendly
products in Saudi Arabia.
“KRB was and still is a pioneer in the Saudi market for innovative
green and sustainable solutions such as ConGreen, which are ultra-green
concrete products, and BloGreen, which are ultra-green block products. These
products have been widely adopted in mega and giga projects across the kingdom
and have proven their high performance, thus strengthening the company’s
position in the Saudi market,” he says.
KRB’s ConGreen solutions have been supplied to Qiddiya in Riyadh and the King Salman Global Maritime Industries Complex in Jubail and is currently being used at the Aramco Stadium project in Al Khobar.
“Al Kifah’s green solutions have unique properties which facilitate
tasks on the job site, through their better workability and better
finishability,” he adds.
ConGreen leverages CarbonCure technology and natural pozzolans to reduce cement content while maintaining strength and durability, resulting in a lower carbon footprint, in line with Saudi Arabia’s sustainability goals. CarbonCure is an innovative technology that injects carbon dioxide (captured from industrial emitters) into the concrete during the batching process.
KRB also offers special concrete mixes that utilise recycled metal slag aggregates to reduce their carbon footprint. These materials not only have a zero carbon footprint but also a zero resource footprint, he points out.
The company also offers volumetric mobile batch plants (VMBPs), which enable the production of high-quality concrete in remote areas and tough topographies where it is not possible to erect a stationary batch plant.
“These VMBPs are considered an all-in-one solution offering many
advantages such as zero wastage, zero mobilisation time, lower carbon dioxide
emission and are a smart solution for supplying concrete in these remote
areas,” Harries says.
KRB’s environmental stewardship extends beyond product innovation to include several initiatives:
• Material recycling: Utilising recycled CO2
(CarbonCure), metal slag, and construction waste in concrete production;
• Local sourcing: Employing locally sourced materials
like natural pozzolan to decrease transportation emissions;
• Waste management: Implementing waste control
measures such as smart reclaimers to minimise waste generated during concrete
production;
• Water conservation: Recycling water and adopting
water-saving practices to preserve this scarce resource; and
• Energy efficiency: Using low-energy production
processes like volumetric mobile batch plants.
“Aligning with Saudi Vision 2030, KRB prioritises the use of local and
regional resources, maximising the use of raw materials produced in-house by
its sister companies. This approach not only boosts the local economy but also
contributes to a more efficient supply chain. This also reduces transportation
emissions,” he says.
SaudiMade
The company’s affiliation with the SaudiMade programme has been instrumental in its growth trajectory.
“Being part of SaudiMade initiative, which is aligned with Saudi Vision
2030, has significantly contributed to KRB’s growth and market presence,” says
Harries. “The SaudiMade programme emphasises local production and supports
companies in expanding their footprint both locally and internationally. For
KRB, this membership has bolstered its credibility and helped it secure more
contracts, especially for projects that prioritise sustainability and the use
of locally sourced materials. The company has also enhanced its green product
line, such as ConGreen, which meets rigorous environmental standards and is
widely accepted by major clients like Saudi Aramco.”
Overall, participation in the SaudiMade programme has helped KRB not only to grow its market share but also to innovate and lead in sustainable construction practices within Saudi Arabia, he adds.
Focus on Quality
To ensure consistent product quality, KRB adheres to stringent quality
control measures, leverages advanced technology, and invests heavily in
employee training. The company adopts a multifaceted approach to ensure the
consistent high quality of its products.
He elaborates: “KRB has a robust quality control system in place, adhering to international standards like ISO 9001:2015. This system involves regular inspections, testing of raw materials and finished products, and continuous monitoring of production processes.
“The company prioritises the use of premium raw materials, sourced locally whenever possible, and subjects them to rigorous testing before use. This ensures that the final products are of superior quality.
“In addition, KRB utilises advanced technology and equipment in its
production facilities, allowing for precise control over the mixing and curing
processes. This minimises variability and ensures consistent product quality.”
KRB has experienced professionals at all levels, from production and
quality control to sales and management, contributing to operational efficiency
and customer satisfaction. This apart, the company invests in training and
development programmes to ensure its workforce possesses the necessary skills
and expertise to maintain high quality standards throughout the production
process.
“KRB has an active research and development programme to continually improve its products and processes. This enables the company to stay ahead of industry trends and offer cutting-edge solutions to its customers,” he adds.
Al Kifah’s R&D team is currently working on developing a new generation of geopolymer concrete with near to zero carbon emission, Harries reveals.
KRB uses customer feedback to identify areas for improvement, in line with its commitment to continuous improvement.
“This focus on consistent high quality not only builds customer trust and loyalty but also contributes to the overall success and reputation of the company in the Saudi construction industry,” he remarks.
By combining deep-rooted local knowledge, technological advancements, and a strong commitment to sustainability, AlKifah Ready Mix & Blocks has established itself as a formidable force in the Saudi construction industry.
No more news.
As the global construction market is projected to reach 16.11 trillion by 2030 residential developers are facing increasing pressure to deliver homes that are not only sustainable but also energy efficient durable and healthier to live in. Against this backdrop PlanRadar a digital platform for construction and real estate project management has outlined four reasons why high-performance homes are becoming the future of residential construction. High-performance homes can help address this by prioritising energy efficiency durability indoor comfort and sustainability. In the UAE where cooling demand and evolving buyer expectations shape residential design these principles are increasingly important. Ibrahim Imam CEO and Co-founder of PlanRadar outlines four key benefits of building high-performance homes. Designed to reduce energy use One of the biggest advantages of high-performance homes is improved energy efficiency. In...
Read More
As the global construction market is projected to reach $16.11 trillion by 2030, residential developers are facing increasing pressure to deliver homes that are not only sustainable, but also energy efficient, durable and healthier to live in.
Against this backdrop, PlanRadar, a digital platform for construction and real estate project management, has outlined four reasons why high-performance homes are becoming the future of residential construction.
High-performance homes can help address this by prioritising energy efficiency, durability, indoor comfort and sustainability. In the UAE, where cooling demand and evolving buyer expectations shape residential design, these principles are increasingly important.
Ibrahim Imam, CEO and Co-founder of PlanRadar, outlines four key benefits of building high-performance homes.
Designed to reduce energy use
One of the biggest advantages of high-performance homes is improved energy efficiency. In...
As the global construction market is projected to reach 16.11 trillion by 2030 residential developers are facing increasing pressure to deliver homes that are not only sustainable but also energy efficient durable and healthier to live in. Against this backdrop PlanRadar a digital platform for construction and real estate project management has outlined four reasons why high-performance homes are becoming the future of residential construction. High-performance homes can help address this by prioritising energy efficiency durability indoor comfort and sustainability. In the UAE where cooling demand and evolving buyer expectations shape residential design these principles are increasingly important. Ibrahim Imam CEO and Co-founder of PlanRadar outlines four key benefits of building high-performance homes. Designed to reduce energy use One of the biggest advantages of high-performance homes is improved energy efficiency. In...
Read More
As the global construction market is projected to reach $16.11 trillion by 2030, residential developers are facing increasing pressure to deliver homes that are not only sustainable, but also energy efficient, durable and healthier to live in.
Against this backdrop, PlanRadar, a digital platform for construction and real estate project management, has outlined four reasons why high-performance homes are becoming the future of residential construction.
High-performance homes can help address this by prioritising energy efficiency, durability, indoor comfort and sustainability. In the UAE, where cooling demand and evolving buyer expectations shape residential design, these principles are increasingly important.
Ibrahim Imam, CEO and Co-founder of PlanRadar, outlines four key benefits of building high-performance homes.
Designed to reduce energy use
One of the biggest advantages of high-performance homes is improved energy efficiency. In...
The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier driven by higher mortgage activity and a modest increase in property sales reported ONA citing official data. The total value of real estate traded reached RO1.18 billion ( 3.05 billion) by the end of May up from RO1.11 billion ( 2.8 billion) last year according to data released by the National Centre for Statistics and Information (NCSI). The value of property sales increased 2.9% to RO551.8 million with the number of sales contracts rising 2.1% to 27 864. Mortgage activity recorded stronger growth with the value of mortgage contracts climbing 7.9% year-on-year to 618.1 million rials across 11 130 contracts compared with 572.7 million rials from 9 140 contracts a year earlier according to the NCSI data. The value of exchange contracts rose 17.8% to RO5.4 million although the number of such contracts fell to 319 from 538 during the same...
Read More
The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, reported ONA citing official data.
The total value of real estate traded reached RO1.18 billion ($3.05 billion) by the end of May, up from RO1.11 billion ($2.8 billion) last year, according to data released by the National Centre for Statistics and Information (NCSI).
The value of property sales increased 2.9% to RO551.8 million, with the number of sales contracts rising 2.1% to 27,864.
Mortgage activity recorded stronger growth, with the value of mortgage contracts climbing 7.9% year-on-year to 618.1 million rials across 11,130 contracts, compared with 572.7 million rials from 9,140 contracts a year earlier, according to the NCSI data.
The value of exchange contracts rose 17.8% to RO5.4 million, although the number of such contracts fell to 319 from 538 during the same...
The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ( 8.03 billion) during the first half of 2026 marking a 9.3 percent increase compared to the same period in 2025. The Sharjah Real Estate Registration Department executed 59 460 transactions recording a growth of 23.7 percent compared to the same period last year reflecting the continued momentum and activity witnessed by the emirate s real estate market said a WAM news agency report. Abdulaziz Ahmed Al-Shamsi Director-General of the Sharjah Real Estate Registration Department said the results reflect the strength of Sharjah s real estate market and the continuation of its growth trajectory. He emphasised that the increase in trade value and the number of transactions demonstrates the growing confidence of investors while reflecting the efficiency of the real estate ecosystem and its ability to adapt to economic changes and attract quality investments thereby...
Read More
The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ($8.03 billion) during the first half of 2026, marking a 9.3 percent increase compared to the same period in 2025.
The Sharjah Real Estate Registration Department executed 59,460 transactions, recording a growth of 23.7 percent compared to the same period last year, reflecting the continued momentum and activity witnessed by the emirate’s real estate market, said a WAM news agency report.
Abdulaziz Ahmed Al-Shamsi, Director-General of the Sharjah Real Estate Registration Department, said the results reflect the strength of Sharjah’s real estate market and the continuation of its growth trajectory.
He emphasised that the increase in trade value and the number of transactions demonstrates the growing confidence of investors, while reflecting the efficiency of the real estate ecosystem and its ability to adapt to economic changes and attract quality investments, thereby...
IRTH Group an upcoming real estate investment platform has introduced IRTH Contracting as the dedicated delivery platform for its expanding portfolio of developments marking a significant milestone in its growth as a fully integrated real estate investment platform. Unveiling the new entity IRTH said as the company s portfolio continues to grow across residential commercial and mixed-use developments strengthening its delivery capabilities is a natural next step. By bringing development and construction into one integrated business IRTH reinforces the alignment between vision execution and delivery while enhancing accountability coordination and long-term value creation across every stage of the development lifecycle. IRTH said it new contracting unit will undertake the delivery of the company s existing and future developments including Rove Home Marasi Drive Rove Home Dubai Marina HQ by Rove Haus of Tenet and all future developments across the...
Read More
IRTH Group, an upcoming real estate investment platform, has introduced IRTH Contracting as the dedicated delivery platform for its expanding portfolio of developments, marking a significant milestone in its growth as a fully integrated real estate investment platform.
Unveiling the new entity, IRTH said as the company’s portfolio continues to grow across residential, commercial and mixed-use developments, strengthening its delivery capabilities is a natural next step.
By bringing development and construction into one integrated business, IRTH reinforces the alignment between vision, execution and delivery, while enhancing accountability, coordination and long-term value creation across every stage of the development lifecycle.
IRTH said it new contracting unit will undertake the delivery of the company's existing and future developments, including Rove Home Marasi Drive, Rove Home Dubai Marina, HQ by Rove, Haus of Tenet and all future developments across the...
King Salman International Airport has achieved a major construction milestone with the completion of Phase Zero of its Private Aviation Terminal Apron thus strengthening operational readiness as Saudi Arabia accelerates work on one of the world s largest airport developments. An expansive 57-sq-km aviation megaproject in Riyadh KSIA has been designed by Foster Partners a global studio for sustainable architecture urbanism engineering and design based in London. Set for initial terminal operations in 2029 the masterplan includes nine passenger terminals multiple concourses an iconic royal terminal as well as private aviation facilities in addition to 12 sq km of supporting retail residential and recreational spaces. Owned by Saudi wealth fund Public Investment Fund (PIF) the airport is undergoing active airfield and terminal construction by consortia like Almabani FCC Construcción and CarbonCure to utilise lower-carbon concrete Once completed ...
Read More
King Salman International Airport has achieved a major construction milestone with the completion of Phase Zero of its Private Aviation Terminal Apron, thus strengthening operational readiness as Saudi Arabia accelerates work on one of the world's largest airport developments.
An expansive, 57-sq-km aviation megaproject in Riyadh, KSIA has been designed by Foster + Partners, a global studio for sustainable architecture, urbanism, engineering and design based in London.
Set for initial terminal operations in 2029, the masterplan includes nine passenger terminals, multiple concourses, an iconic royal terminal as well as private aviation facilities in addition to 12 sq km of supporting retail, residential and recreational spaces.
Owned by Saudi wealth fund, Public Investment Fund (PIF), the airport is undergoing active airfield and terminal construction by consortia like Almabani, FCC Construcción, and CarbonCure to utilise lower-carbon concrete
Once completed, ...
Knowledge Economic City Company (KEC) has awarded a SAR118 million ( 31 million) contract to Astra Construction Company for the delivery of architectural mechanical electrical plumbing (MEP) and external works for the Riyadh Schools Complex within the premium urban development project in Madinah. The contract forms a key milestone in the development of the integrated educational district being established within KEC. The school complex is part of the implementation of the strategic agreement between KEC and Riyadh Schools Holding Company an affiliate of the Mohammed bin Salman Foundation (MiSK). Under this the KEC is responsible for developing the educational complex and its supporting infrastructure while Riyadh Schools Holding Company will operate and manage the campus providing educational services for both boys and girls in accordance with the academic standards and curricula adopted across Riyadh Schools. Under the 10-month contract Astra w...
Read More
Knowledge Economic City Company (KEC) has awarded a SAR118 million ($31 million) contract to Astra Construction Company for the delivery of architectural, mechanical, electrical, plumbing (MEP) and external works for the Riyadh Schools Complex within the premium urban development project in Madinah.
The contract forms a key milestone in the development of the integrated educational district being established within KEC.
The school complex is part of the implementation of the strategic agreement between KEC and Riyadh Schools Holding Company, an affiliate of the Mohammed bin Salman Foundation (MiSK).
Under this, the KEC is responsible for developing the educational complex and its supporting infrastructure, while Riyadh Schools Holding Company will operate and manage the campus, providing educational services for both boys and girls in accordance with the academic standards and curricula adopted across Riyadh Schools.
Under the 10-month contract, Astra w...
SAL Logistics Services a Saudi leader in cargo handling logistics solutions and supply chain management signed a memorandum of understanding with King Salman Energy City Dry Port (SPARK Logistics) for cooperation in the logistics sector. The MoU establishes a general framework for cooperation between both parties to explore joint opportunities across logistics services supply chains and industrial sectors. It reflects the commitment of both sides to enhancing operational integration supporting industrial and logistics development and contributing to the objectives of Saudi Vision 2030 said a statement. SPARK is one of the leading integrated industrial cities in the Eastern Province featuring a logistics zone and dry port that connect its industrial community to regional and global trade networks. The MoU brings together SAL s expertise in cargo handling and integrated logistics services with SPARK s advanced industrial and logistics ecosystem creat...
Read More
SAL Logistics Services, a Saudi leader in cargo handling, logistics solutions, and supply chain management, signed a memorandum of understanding with King Salman Energy City Dry Port (SPARK Logistics) for cooperation in the logistics sector.
The MoU establishes a general framework for cooperation between both parties to explore joint opportunities across logistics services, supply chains, and industrial sectors.
It reflects the commitment of both sides to enhancing operational integration, supporting industrial and logistics development, and contributing to the objectives of Saudi Vision 2030, said a statement.
SPARK is one of the leading integrated industrial cities in the Eastern Province, featuring a logistics zone and dry port that connect its industrial community to regional and global trade networks. The MoU brings together SAL’s expertise in cargo handling and integrated logistics services with SPARK’s advanced industrial and logistics ecosystem, creat...
The Rock-It Company (Rock-It) a global leader in mission-critical logistics has established its Middle East Regional Headquarters (RHQ) in Abu Dhabi with the backing of the Abu Dhabi Investment Office (ADIO) thus reinforcing the emirate s position as a leading destination for global companies establishing regional operations and specialist logistics capabilities. ADIO engaged the New York-based company in early 2025 through executive introductions and continued supporting the company through a series of engagements across international markets. Throughout this process ADIO facilitated strategic connections across Abu Dhabi s industrial and logistics ecosystem enabling the establishment of the company s Middle East regional headquarters in the emirate. A global leader in mission-critical logistics Rock-It provides specialist transport storage and supply chain solutions for high-value time-sensitive industries including automotive motorsport live tou...
Read More
The Rock-It Company (Rock-It), a global leader in mission-critical logistics, has established its Middle East Regional Headquarters (RHQ) in Abu Dhabi, with the backing of the Abu Dhabi Investment Office (ADIO), thus reinforcing the emirate’s position as a leading destination for global companies establishing regional operations and specialist logistics capabilities.
ADIO engaged the New York-based company in early 2025 through executive introductions and continued supporting the company through a series of engagements across international markets.
Throughout this process, ADIO facilitated strategic connections across Abu Dhabi's industrial and logistics ecosystem, enabling the establishment of the company's Middle East regional headquarters in the emirate.
A global leader in mission-critical logistics, Rock-It provides specialist transport, storage and supply chain solutions for high-value, time-sensitive industries including automotive, motorsport, live tou...
Diriyah Company has awarded the main construction works contract worth SAR393 million ( 105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes Park a landmark lifestyle project coming up within its masterplanned development. Spanning more than 100 000 sq m The Heroes Park Diriyah Two Development can accommodate up to 35 000 visitors a LinkedIn post by Satco said.. The project forms part of the Saudi group s ongoing efforts to deliver world-class public spaces that enhance quality of life and support the transformation of Diriyah into a premier cultural heritage and lifestyle destination under Saudi Vision 2030. As per the deal Satco will execute the main construction works for the park. The project scope includes site preparation earthworks construction of pedestrian pathways and hardscape areas in addition to underground utility installations drainage and stormwater systems. The work involves laying of irri...
Read More
Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.
Spanning more than 100,000 sq m, The Heroes’ Park – Diriyah Two Development can accommodate up to 35,000 visitors, a LinkedIn post by Satco said..
The project forms part of the Saudi group’s ongoing efforts to deliver world-class public spaces that enhance quality of life and support the transformation of Diriyah into a premier cultural, heritage, and lifestyle destination under Saudi Vision 2030.
As per the deal, Satco will execute the main construction works for the park. The project scope includes site preparation, earthworks, construction of pedestrian pathways and hardscape areas in addition to underground utility installations, drainage and stormwater systems.
The work involves laying of irri...
SAL Logistics Services has signed a Memorandum of Understanding (MoU) with flyadeal to enhance cooperation in training qualification and talent development supporting Saudi Arabia s logistics ecosystem and aviation sector. Under the agreement both parties will collaborate through SAL Academy to exchange expertise in supply chain and logistics services while developing specialized training programmes focused on modern and innovative solutions. The partnership will also include joint working teams knowledge sharing workshops seminars and professional development opportunities for employees. The initiative aims to strengthen operational capabilities improve workforce readiness and support the growth of national talent across the aviation and logistics industries. Saleh Al-Dini Chief Shared Services ...
Read More
SAL Logistics Services has signed a Memorandum of Understanding (MoU) with flyadeal to enhance cooperation in training, qualification, and talent development, supporting Saudi Arabia’s logistics ecosystem and aviation sector.
Under the agreement,
both parties will collaborate through SAL Academy to exchange expertise in
supply chain and logistics services, while developing specialized training
programmes focused on modern and innovative solutions.
The partnership will
also include joint working teams, knowledge sharing, workshops, seminars, and
professional development opportunities for employees.
The initiative aims to
strengthen operational capabilities, improve workforce readiness, and support
the growth of national talent across the aviation and logistics industries.
Saleh Al-Dini, Chief Shared Services ...
DP World has acquired 700 trucks to expand its road freight network in the GCC providing customers greater certainty reliability and efficiency when moving cargo across the region. The investment is part of the company s long-term strategy to build an integrated logistics network that connects ports and terminals economic zones and digital platforms to give customers end-to-end solutions across the supply chain it said. Ahmad Yousef Al-Hassan CEO and Managing Director DP World GCC said: This is a long-term investment in our multimodal network and the customers that trade in the GCC. As regional demand grows we are scaling our capabilities to provide customers with an integrated network they can depend on at every stage. The fleet will add up to 35 000 truck trips a month supporting both domestic and cross-border trucking for DP World s customer base in the GCC. The fleet will cater to first middle and last mile requirements across the region and s...
Read More
DP World has acquired 700 trucks to expand its road freight network in the GCC, providing customers greater certainty, reliability and efficiency when moving cargo across the region.
The investment is part of the company’s long-term strategy to build an integrated logistics network that connects ports and terminals, economic zones and digital platforms to give customers end-to-end solutions across the supply chain, it said.
Ahmad Yousef Al-Hassan, CEO and Managing Director, DP World GCC, said: “This is a long-term investment in our multimodal network and the customers that trade in the GCC. As regional demand grows, we are scaling our capabilities to provide customers with an integrated network they can depend on at every stage.”
The fleet will add up to 35,000 truck trips a month, supporting both domestic and cross-border trucking for DP World’s customer base in the GCC. The fleet will cater to first, middle and last mile requirements across the region and s...
Parsons Corporation has announced that it has been selected by Lusail Real Estate Development Company (LREDC) to provide programme management construction management and construction supervision (PMCMCS) services for supporting the delivery of the Lusail City Infrastructure Program a master-planned development north of Doha. The three-year contract represents a continuation of Parsons ongoing engagement in Lusail under a new contractual arrangement. The scope of work includes providing oversight of design and construction interface management project controls quality assurance and co-ordination with multiple stakeholders across the programme to drive the successful delivery said Parsons in a statement. Lusail is one of the most significant urban developments in the region and we are proud to continue supporting its delivery remarked Ahmed El Essnawi the Vice President and Qatar Country Manager at Parsons. Since 2006 we have been working ...
Read More
Parsons Corporation has announced that it has been selected by Lusail Real Estate Development Company (LREDC), to provide programme management, construction management, and construction supervision (PMCMCS) services for supporting the delivery of the Lusail City Infrastructure Program, a master-planned development north of Doha.
The three-year contract represents a continuation of Parsons’ ongoing engagement in Lusail under a new contractual arrangement.
The scope of work includes providing oversight of design and construction, interface management, project controls, quality assurance and co-ordination with multiple stakeholders across the programme to drive the successful delivery, said Parsons in a statement.
“Lusail is one of the most significant urban developments in the region, and we are proud to continue supporting its delivery,” remarked Ahmed El Essnawi, the Vice President and Qatar Country Manager at Parsons.
“Since 2006, we have been working ...
Eni Storage Systems has started construction of a new lithium-iron-phosphate (LFP) battery production hub in Brindisi Italy aimed at supporting renewable energy deployment and grid stability. The company jointly owned by Eni Industrial Evolution and FIB of Seri Industrial Group held a groundbreaking ceremony at the former Versalis industrial site attended by government officials and local authorities. The project includes a gigafactory for battery cells and modules a Battery Energy Storage System (BESS) assembly plant and future facilities for LFP cathode production and battery recycling. By 2030 the hub is expected to reach 16 GWh of annual production capacity across Brindisi and Teverola representing more than 10 per cent of Europe s stationary energy storage market. The initiative comes as demand for BESS solutions ...
Read More
Eni Storage Systems has started construction of a new lithium-iron-phosphate (LFP) battery production hub in Brindisi, Italy, aimed at supporting renewable energy deployment and grid stability.
The company, jointly owned by Eni Industrial Evolution and
FIB of Seri Industrial Group, held a groundbreaking ceremony at the former
Versalis industrial site, attended by government officials and local
authorities.
The project includes a gigafactory for battery cells and
modules, a Battery Energy Storage System (BESS) assembly plant, and future
facilities for LFP cathode production and battery recycling.
By 2030, the hub is expected to reach 16 GWh of annual
production capacity across Brindisi and Teverola, representing more than 10 per
cent of Europe’s stationary energy storage market.
The initiative comes as demand for BESS solutions ...
The Sharjah Investment and Development Authority (Shurooq) has announced significant progress in the construction of two flagship projects within its real estate portfolio Sharjah Sustainable City and Ajwan Khorfakkan - with the work on key additional community facilities nearing the final stages. This come alongside the launch of a major new education partnership that will bring a K-12 school running from Kindergarten to Grade 12 to the Sharjah Sustainable City community. Sharjah Sustainable City a joint venture between Shurooq and Diamond Developers is aimed at promoting a sustainable living lifestyle that is compatible with the future. The development provides practical solutions related to food security water and energy management as well as natural resources conservation. Its other project Ajwan sets a new standard for luxury living redefining modern life in the picturesque city of Khorfakkan on Sharjah s East Coast. Spanning 65 269 sq m ...
Read More
The Sharjah Investment and Development Authority (Shurooq) has announced significant progress in the construction of two flagship projects within its real estate portfolio, Sharjah Sustainable City and Ajwan Khorfakkan - with the work on key additional community facilities nearing the final stages.
This come alongside the launch of a major new education partnership that will bring a K-12 school, running from Kindergarten to Grade 12, to the Sharjah Sustainable City community.
Sharjah Sustainable City, a joint venture between Shurooq and Diamond Developers, is aimed at promoting a sustainable living lifestyle that is compatible with the future. The development provides practical solutions related to food security, water and energy management, as well as natural resources conservation.
Its other project, Ajwan sets a new standard for luxury living, redefining modern life in the picturesque city of Khorfakkan on Sharjah's East Coast.
Spanning 65,269 sq m, ...
Global master developer Arada will launch Arada Capital a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets. To be based in the Abu Dhabi Global Market (ADGM) Arada Capital has received its In-Principle Approval (IPA) from the ADGM s Financial Services Regulatory Authority (FSRA) and is in the process of seeking the final licensing approvals from the FRSA to act as a fund manager. Following that approval Arada Capital s funds will be designed to allow institutional and qualified investors to participate directly in Arada s pipeline and broader GCC real estate opportunities. The platform s proposed target will be US 5 billion of assets under management (AUM) to be achieved over the four years after the fund has been established said a statement. Arada Capital will be chaired by Prince Khaled bin Alwaleed bin Talal Executive ...
Read More
Global master developer Arada will launch Arada Capital, a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets.
To be based in the Abu Dhabi Global Market (ADGM), Arada Capital has received its In-Principle Approval (IPA) from the ADGM’s Financial Services Regulatory Authority (FSRA) and is in the process of seeking the final licensing approvals from the FRSA to act as a fund manager.
Following that approval Arada Capital’s funds will be designed to allow institutional and qualified investors to participate directly in Arada's pipeline and broader GCC real estate opportunities. The platform’s proposed target will be US$5 billion of assets under management (AUM) to be achieved over the four years after the fund has been established, said a statement.
Arada Capital will be chaired by Prince Khaled bin Alwaleed bin Talal, Executive ...
3D concrete printing is no longer restricted to basic residential shells. From a world-record-breaking 10 000-sq-m school in Qatar and tapered water tanks in Kuwait that slash material use by 25 per cent to modular prefabrication in Oman and record-height villas in Saudi Arabia COBOD s printer systems are helping regional contractors bypass traditional formwork dependencies to secure a competitive market edge the company s founder tells Gulf Construction. As governments and developers across the Gulf seek faster more sustainable and technologically advanced methods of construction 3D concrete printing (3DCP) is steadily progressing from experimentation to mainstream application. Among the companies driving this shift is Denmark-based COBOD International whose printer systems have been used on some of the region s most ambitious additive construction projects from villas and mosques to schools hydrogen research facilities and water infrastructure. According to ...
Read More
3D concrete printing is no longer restricted to basic residential shells. From a world-record-breaking 10,000-sq-m school in Qatar and tapered water tanks in Kuwait that slash material use by 25 per cent, to modular prefabrication in Oman and record-height villas in Saudi Arabia, COBOD’s printer systems are helping regional contractors bypass traditional formwork dependencies to secure a competitive market edge, the company’s founder tells Gulf Construction.
As governments and developers across the Gulf seek faster, more sustainable and technologically advanced methods of construction, 3D concrete printing (3DCP) is steadily progressing from experimentation to mainstream application. Among the companies driving this shift is Denmark-based COBOD International, whose printer systems have been used on some of the region’s most ambitious additive construction projects, from villas and mosques to schools, hydrogen research facilities and water infrastructure.
According to ...
Abu Dhabi s The Department of Energy (DoE) has announced the launch of its Cooling Load Manual (CLM) in support of the emirate s energy and water efficiency strategy 2030. The move is aimed at enhancing energy efficiency and advance sustainable building design said senior officials at the launch. Air conditioning (AC) systems account for about 60 70% of electricity consumption in buildings across the UAE and these systems are often oversized by 25% 35%. Properly sizing these systems will save up to 35% of the installed AC costs that is equivalent to AED560 million ( 153 million) each year across all new buildings in Abu Dhabi they stated. For example in case of a residential villa this will be equivalent to a reduction of up to AED56 000 in the cost of AC equipment plus lower connection fees and savings of up to 25% on the electricity bill. The CLM addresses the oversize issue by offering clear data-driven guidance and best practices...
Read More
Abu Dhabi’s The Department of Energy (DoE) has announced the launch of its Cooling Load Manual (CLM) in support of the emirate’s energy and water efficiency strategy 2030.
The move is aimed at enhancing energy efficiency and advance sustainable building design, said senior officials at the launch.
Air conditioning (AC) systems account for about 60–70% of electricity consumption in buildings across the UAE, and these systems are often oversized by 25%–35%.
Properly sizing these systems will save up to 35% of the installed AC costs that is equivalent to AED560 million ($153 million) each year across all new buildings in Abu Dhabi, they stated.
For example, in case of a residential villa, this will be equivalent to a reduction of up to AED56,000 in the cost of AC equipment, plus lower connection fees, and savings of up to 25% on the electricity bill.
The CLM addresses the oversize issue by offering clear, data-driven guidance and best practices...
Saudi-based Al Tahaluf Real Estate Company today (July 2) has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments a subsidiary of Hovnanian Enterprises one of the largest homebuilders in the US. The rebranding marks the next chapter in the company s growth and reflects KHME s confidence in Saudi Arabia s housing market and economic future said the Saudi company in a statement. As the majority owner of HOV Global the company brings international expertise in large-scale residential hospitality lifestyle and master-planned developments supporting the creation of sustainable world-class destinations across Saudi Arabia and the broader region. Derived from Hovnanian s NYSE ticker symbol HOV the new name establishes a unified identity across the company s developments throughout the kingdom it stated. Existing customers contracts partnerships and projects rema...
Read More
Saudi-based Al Tahaluf Real Estate Company today (July 2) has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US.
The rebranding marks the next chapter in the company's growth and reflects KHME's confidence in Saudi Arabia's housing market and economic future, said the Saudi company in a statement.
As the majority owner of HOV Global, the company brings international expertise in large-scale residential, hospitality, lifestyle, and master-planned developments, supporting the creation of sustainable, world-class destinations across Saudi Arabia and the broader region.
Derived from Hovnanian's NYSE ticker symbol, HOV, the new name establishes a unified identity across the company's developments throughout the kingdom, it stated.
Existing customers, contracts, partnerships, and projects rema...
Oman National Investments Development Company (Tanmia) has announced that it has joined forces with FIM Partners Muscat for the establishment of a new fund - Oman Real Estate Development Fund - that will focus on investment opportunities related to real estate development projects across the sultanate. The Fund aims to invest no less than RO96 million ( 249 million) in domestic real estate development projects with a focus on economically viable ventures utilising investment instruments that include preference shares and similar investment vehicles. It is designed to attract long-term institutional capital and provide innovative financing solutions to developers underpinned by high standards of governance investment discipline and project oversight. This approach is intended to accelerate project execution and deliver sustainable value said a statement from Tanmia. The launch of the Fund comes amid rapid growth in Oman s real estate sector driven by the ongoi...
Read More
Oman National Investments Development Company (Tanmia) has announced that it has joined forces with FIM Partners Muscat for the establishment of a new fund - Oman Real Estate Development Fund - that will focus on investment opportunities related to real estate development projects across the sultanate.
The Fund aims to invest no less than RO96 million ($249 million) in domestic real estate development projects, with a focus on economically viable ventures, utilising investment instruments that include preference shares and similar investment vehicles.
It is designed to attract long-term institutional capital and provide innovative financing solutions to developers, underpinned by high standards of governance, investment discipline and project oversight. This approach is intended to accelerate project execution and deliver sustainable value, said a statement from Tanmia.
The launch of the Fund comes amid rapid growth in Oman's real estate sector, driven by the ongoi...
DP World today announced the launch of Egypt s first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park marking a significant milestone in the country s logistics sector. The new facility enables international companies to access the Egyptian market while serving regional and global customers through a single distribution hub. The launch ceremony was attended by Dr Mostafa Madbouly Prime Minister of Egypt along with senior Egyptian government officials and representatives of international companies. The launch which coincided with the first visit to Egypt by Essa Kazim who assumed the Chairmanship of DP World recently witnessed the signing of agreements with the first three global customers to benefit from the Logistics Distribution Centre s services. Through the Logistics Distribution Centre DP World provides an integrated end-to-end supply chain solution encompassing international freight forwarding port services at Sokhna ...
Read More
DP World today announced the launch of Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a significant milestone in the country’s logistics sector.
The new facility enables international companies to access the Egyptian market while serving regional and global customers through a single distribution hub.
The launch ceremony was attended by Dr Mostafa Madbouly, Prime Minister of Egypt, along with senior Egyptian government officials and representatives of international companies. The launch, which coincided with the first visit to Egypt by Essa Kazim who assumed the Chairmanship of DP World recently, witnessed the signing of agreements with the first three global customers to benefit from the Logistics Distribution Centre’s services.
Through the Logistics Distribution Centre, DP World provides an integrated end-to-end supply chain solution encompassing international freight forwarding, port services at Sokhna ...
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has released a new report showing that the emirate s construction sector is entering a new phase of growth - one that is increasingly driven by higher value systems advanced delivery models and stronger private sector participation. Titled Abu Dhabi s Construction Sector the report highlights a clear shift away from volume driven construction toward more integrated technology enabled and performance focused project delivery. This evolution closely aligns Abu Dhabi with global construction trends. The report forms part of ADCCI s broader effort to deliver data driven intelligence that supports private sector growth and advances Abu Dhabi s long term economic diversification objectives. As the second sectoral study released under ADCCI s 2025 2028 Strategy the report reflects the growing maturity of the construction ecosystem in the emirate. It points to stronger capabilities across the value chain better ...
Read More
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has released a new report showing that the emirate’s construction sector is entering a new phase of growth - one that is increasingly driven by higher‑value systems, advanced delivery models, and stronger private‑sector participation.
Titled Abu Dhabi’s Construction Sector, the report highlights a clear shift away from volume‑driven construction toward more integrated, technology‑enabled, and performance‑focused project delivery. This evolution closely aligns Abu Dhabi with global construction trends.
The report forms part of ADCCI’s broader effort to deliver data‑driven intelligence that supports private‑sector growth and advances Abu Dhabi’s long‑term economic diversification objectives.
As the second sectoral study released under ADCCI’s 2025–2028 Strategy, the report reflects the growing maturity of the construction ecosystem in the emirate. It points to stronger capabilities across the value chain, better ...
DP World and Lintara Properties the real estate development platform of Arcapita Group Holdings have broken ground on a new 20 000 sq m build-to-suit logistics centre in Jebel Ali Free Zone (Jafza). The Grade A facility is being developed by Lintara Properties and will be operated by DP World as part of its integrated end-to-end supply chain network in the region. Construction is expected to conclude in Q1 2027. The new facility will feature approximately 12-metre clear height storage temperature-controlled areas dedicated dangerous goods storage supporting office space and associated operational amenities. Ahmad Yousef Al-Hassan CEO and MD DP World GCC said: This state-of-the-art facility is the type of logistics infrastructure our customers need to manage more complex supply chains. Once complete this facility will add Grade A purpose-built warehousing capability in Jafza and support our ability to deliver more integrated supply chain solut...
Read More
DP World and Lintara Properties, the real estate development platform of Arcapita Group Holdings, have broken ground on a new 20,000 sq m build-to-suit logistics centre in Jebel Ali Free Zone (Jafza).
The Grade A facility is being developed by Lintara Properties and will be operated by DP World as part of its integrated, end-to-end supply chain network in the region. Construction is expected to conclude in Q1 2027.
The new facility will feature approximately 12-metre clear height storage, temperature-controlled areas, dedicated dangerous goods storage, supporting office space and associated operational amenities.
Ahmad Yousef Al-Hassan, CEO and MD, DP World GCC, said: “This state-of-the-art facility is the type of logistics infrastructure our customers need to manage more complex supply chains. Once complete, this facility will add Grade A purpose-built warehousing capability in Jafza and support our ability to deliver more integrated supply chain solut...
MRI Software a global leader in real estate software and services has announced the launch of two new solutions within its AI-powered real estate platform - MRI Agora. The first MRI Agora Intelligence delivers proactive portfolio signals and recommended actions to the people who need them. The second MRI Agora Orchestrator executes real estate-specific agentic workflows automatically with the governance and audit trail enterprise operators require. MRI Agora is designed to help real estate teams across the commercial residential subsidized housing facilities management and corporate occupier sectors globally operationalize AI safely securely and at scale. Built on a shared real estate data foundation it combines intelligence workflow execution and governance in a single platform with every recommendation and action traceable to its source. Rather than requiring organizations to build their own semantic layers validation rules governance...
Read More
MRI Software, a global leader in real estate software and services, has announced the launch of two new solutions within its AI-powered real estate platform - MRI Agora.
The first, MRI Agora Intelligence, delivers proactive portfolio signals and recommended actions to the people who need them. The second, MRI Agora Orchestrator, executes real estate-specific agentic workflows automatically, with the governance and audit trail enterprise operators require.
MRI Agora is designed to help real estate teams across the commercial, residential, subsidized housing, facilities management and corporate occupier sectors globally operationalize AI safely, securely and at scale.
Built on a shared real estate data foundation, it combines intelligence, workflow execution, and governance in a single platform, with every recommendation and action traceable to its source. Rather than requiring organizations to build their own semantic layers, validation rules, governance...
The current pace of launches have put Dubai on track for one of its biggest real estate years in history with the value of prospect and new development projects across the emirate since the beginning of 2026 surging to more than AED275 billion ( 75 billion) accortding to a survey conducted by W Capital Real Estate Brokerage. This indicator reflects the continued exceptional momentum in the real estate sector and reinforces the emirate s entry into the largest half-year cycle of new real estate project launches in its history it stated. The announcements during the first half included 250 new real estate projects launched and registered with the Dubai Land Department (DLD) valued at nearly AED75 billion in addition to the mega-project announced by Emaar Properties in June valued at up to AED200 billion. The projects launched during the first five months of the year comprise 59 400 residential units and 10 800 villas reflecting the continued focus on the residen...
Read More
The current pace of launches have put Dubai on track for one of its biggest real estate years in history with the value of prospect and new development projects across the emirate since the beginning of 2026 surging to more than AED275 billion ($75 billion), accortding to a survey conducted by W Capital Real Estate Brokerage.
This indicator reflects the continued exceptional momentum in the real estate sector and reinforces the emirate's entry into the largest half-year cycle of new real estate project launches in its history, it stated.
The announcements during the first half included 250 new real estate projects launched and registered with the Dubai Land Department (DLD) valued at nearly AED75 billion, in addition to the mega-project announced by Emaar Properties in June, valued at up to AED200 billion.
The projects launched during the first five months of the year comprise 59,400 residential units and 10,800 villas, reflecting the continued focus on the residen...
AKI Logistics a company of Al Khayyat Investments (AKI) has signed a strategic three-year agreement with NMC Group Services a leading UAE healthcare service provider to deliver comprehensive warehousing and logistics solutions that will support its network of medical facilities providing personalised care to patients across the UAE. The services will be operated through AKI Logistics and will reinforce NMC s healthcare operations from a dedicated facility in Dubai Investments Park. Under the agreement AKI will manage end-to-end logistics for NMC s healthcare solutions including pharmaceuticals and medical consumables. The partnership will enable seamless delivery to more than 80 NMC locations nationwide including in Abu Dhabi Dubai Sharjah Ras Al-Khaimah Umm Al Quwain and Al Ain it stated. Samer Sabri Chief Supply Chain Officer at AKI said: This partnership reflects our ongoing commitment to powering patient care and well-being in mi...
Read More
AKI Logistics, a company of Al Khayyat Investments (AKI), has signed a strategic three-year agreement with NMC Group Services, a leading UAE healthcare service provider, to deliver comprehensive warehousing and logistics solutions that will support its network of medical facilities providing personalised care to patients across the UAE.
The services will be operated through AKI Logistics and will reinforce NMC’s healthcare operations from a dedicated facility in Dubai Investments Park.
Under the agreement, AKI will manage end-to-end logistics for NMC’s healthcare solutions including pharmaceuticals and medical consumables.
The partnership will enable seamless delivery to more than 80 NMC locations nationwide, including in Abu Dhabi, Dubai, Sharjah, Ras Al-Khaimah, Umm Al Quwain, and Al Ain, it stated.
Samer Sabri, Chief Supply Chain Officer at AKI said: "This partnership reflects our ongoing commitment to powering patient care and well-being in mi...
The agreement between the US and Iran to bring an end to conflict has begun to ease concerns around oil supply and shipping routes through the Strait of Hormuz. However a return to normal will take time and uncertainty remains over where oil prices will settle and how markets will respond in the months ahead according to Currie & Brown a world-leading project and cost management and advisory services firm. For the construction industry the implications extend far beyond fuel costs. Energy prices influence the manufacture and transportation of key materials including steel copper and aluminium as well as supplier pricing procurement strategies and project delivery stated the expert in its new research into the impact of oil price volatility on construction markets around the world. Drawing on historical market data commodity trends and project cost intelligence Currie & Brown s research models a range of potential outcomes under different oil pri...
Read More
The agreement between the US and Iran to bring an end to conflict has begun to ease concerns around oil supply and shipping routes through the Strait of Hormuz. However, a return to normal will take time, and uncertainty remains over where oil prices will settle and how markets will respond in the months ahead, according to Currie & Brown, a world-leading project and cost management and advisory services firm.
For the construction industry, the implications extend far beyond fuel costs. Energy prices influence the manufacture and transportation of key materials, including steel, copper and aluminium, as well as supplier pricing, procurement strategies and project delivery, stated the expert in its new research into the impact of oil price volatility on construction markets around the world.
Drawing on historical market data, commodity trends and project cost intelligence, Currie & Brown’s research models a range of potential outcomes under different oil pri...
Arcapita Group Holdings the global alternative investment firm has signed a partnership deal with Hines one of the world s largest real assets investment managers to jointly explore the creation of an institutional-grade platform focused on industrial and logistics real estate assets across the Gulf region. The platform would seek to combine Hines global real estate investment development and operating standards with Arcapita s regional investment structuring and asset management expertise supported by Lintara Arcapita s local operating platform. Through the partnership the two companies would focus on jointly originating structuring and executing investments across both development opportunities and stabilized income-producing assets. On the strategic tieup Arcapita s Chief Investment Officer Martin Tan said: This strategic partnership marks an important step in our approach to the GCC industrial and logistics opportunity. Market fundamentals across t...
Read More
Arcapita Group Holdings, the global alternative investment firm, has signed a partnership deal with Hines, one of the world’s largest real assets investment managers, to jointly explore the creation of an institutional-grade platform focused on industrial and logistics real estate assets across the Gulf region.
The platform would seek to combine Hines’ global real estate investment, development and operating standards with Arcapita’s regional investment, structuring and asset management expertise, supported by Lintara, Arcapita’s local operating platform.
Through the partnership, the two companies would focus on jointly originating, structuring and executing investments across both development opportunities and stabilized income-producing assets.
On the strategic tieup, Arcapita’s Chief Investment Officer Martin Tan said: "This strategic partnership marks an important step in our approach to the GCC industrial and logistics opportunity. Market fundamentals across t...
MERED an award-winning international real estate developer has achieved a major safety milestone by clocking 3 million safe man-hours without a lost time injury (LTI) at its key development - ICONIC Residences Design by Pininfarina - following 80 weeks of continuous site activity. The project designed by Pininfarina represents the iconic design firm s first branded residential development in the Middle East and remains on track. Giving a project update MERED said the ICONIC Residences continues to rise at an impressive pace with the tower now reaching Level 31 and standing approximately 140m above ground. On the Tier 1 residential floors the MEP installations are nearing completion alongside ongoing blockwork wall erection and fit-out activities across multiple levels reflecting steady coordination across the site stated the developer. The first in-place mock-up apartment is progressing towards white box completion with walls fi...
Read More
MERED, an award-winning international real estate developer, has achieved a major safety milestone by clocking 3 million safe man-hours without a lost time injury (LTI) at its key development - ICONIC Residences Design by Pininfarina - following 80 weeks of continuous site activity.
The project, designed by Pininfarina, represents the iconic design firm's first branded residential development in the Middle East and remains on track.
Giving a project update, MERED said the ICONIC Residences continues to rise at an impressive pace, with the tower now reaching Level 31 and standing approximately 140m above ground.
On the Tier 1 residential floors, the MEP installations are nearing completion, alongside ongoing blockwork, wall erection, and fit-out activities across multiple levels, reflecting steady coordination across the site, stated the developer.
The first in-place mock-up apartment is progressing towards white box completion, with walls fi...
Shandong Electric Power Construction Third Engineering Company (SepcoIII) has achieved a major construction milestone on the 600MW Al Ghat Wind Farm EPC Project in Saudi Arabia with all 80 wind turbine generators successfully connected to the national grid and commencing power generation. The milestone marks a significant step toward the project s upcoming 168-hour reliability run test and eventual commercial operation further supporting Saudi Arabia s renewable energy expansion objectives under Vision 2030. As per the Engineering Procurement and Construction (EPC) contract SepcoIII is responsible for the development and delivery of the 600MW wind farm including turbine installation electrical systems commissioning grid integration and associated infrastructure works. The project team completed the installation of all 80 turbines on June 2 and subsequently accelerated electrical installation testing commissioning and grid-connection activities. Through ...
Read More
Shandong Electric Power Construction Third Engineering Company (SepcoIII) has achieved a major construction milestone on the 600MW Al Ghat Wind Farm EPC Project in Saudi Arabia, with all 80 wind turbine generators successfully connected to the national grid and commencing power generation.
The milestone marks a significant step toward the project’s upcoming 168-hour reliability run test and eventual commercial operation, further supporting Saudi Arabia’s renewable energy expansion objectives under Vision 2030.
As per the Engineering, Procurement and Construction (EPC) contract, SepcoIII is responsible for the development and delivery of the 600MW wind farm, including turbine installation, electrical systems, commissioning, grid integration, and associated infrastructure works.
The project team completed the installation of all 80 turbines on June 2 and subsequently accelerated electrical installation, testing, commissioning, and grid-connection activities. Through ...
GCC region s retail real estate sector is expanding rapidly but traditional space-centric models are insufficient. A new report by Boston Consulting Group (BCG) titled Imagining the Future of Retail: Beyond Space offers a comprehensive examination of the strategic readiness of retail real estate developers across the Middle East. Drawing on BCG s project experience and interviews with senior leaders across the GCC s major mixed-use retail entertainment and lifestyle developments the report says that the region s retail real estate sector is witnessing its most ambitious physical expansion in generations with millions of square meters of gross leasable area (GLA) under development across megaprojects in Riyadh Jeddah Dubai and Doha. In several GCC markets luxury retail space expansion has already outpaced growth in addressable consumer spending reshaping sales per square meter and current development strategies. In addition competition is intensifying ...
Read More
GCC region’s retail real estate sector is expanding rapidly, but traditional space-centric models are insufficient. A new report by Boston Consulting Group (BCG) titled "Imagining the Future of Retail: Beyond Space" offers a comprehensive examination of the strategic readiness of retail real estate developers across the Middle East.
Drawing on BCG’s project experience and interviews with senior leaders across the GCC's major mixed-use, retail, entertainment, and lifestyle developments, the report says that the region’s retail real estate sector is witnessing its most ambitious physical expansion in generations, with millions of square meters of gross leasable area (GLA) under development across megaprojects in Riyadh, Jeddah, Dubai, and Doha.
In several GCC markets, luxury retail space expansion has already outpaced growth in addressable consumer spending, reshaping sales per square meter and current development strategies. In addition, competition is intensifying ...
The Wilo Group a pioneer in sustainable and intelligent premium water solutions and DP World have expanded their strategic partnership through a new agreement aimed at advancing sustainable infrastructure smart logistics solutions and AI-based innovations in the global water sector. The partnership builds on Wilo s long-standing presence in the region including its Green Fab facility in Dubai built almost 20 years ago and significantly expanded last year in the Jebel Ali Free Zone (Jafza) operated by DP World. As per the MoU the companies will explore the use of Wilo s AI-integrated solutions across DP World s logistics hubs and ports optimise Wilo s global supply chains and assess collaboration under Wilo Global WATER AI Academy programme. The agreement was signed at the company s global headquarters Wilopark in Dortmund by its CEO Oliver Hermes and Abdulla Al Hashmi Global Chief Operating Officer Parks and Economic Zones at DP World in the presence of...
Read More
The Wilo Group, a pioneer in sustainable and intelligent premium water solutions, and DP World have expanded their strategic partnership through a new agreement aimed at advancing sustainable infrastructure, smart logistics solutions and AI-based innovations in the global water sector.
The partnership builds on Wilo’s long-standing presence in the region, including its Green Fab facility in Dubai – built almost 20 years ago and significantly expanded last year, in the Jebel Ali Free Zone (Jafza) operated by DP World. As per the MoU, the companies will explore the use of Wilo’s AI-integrated solutions across DP World’s logistics hubs and ports, optimise Wilo’s global supply chains and assess collaboration under Wilo Global WATER AI Academy programme.
The agreement was signed at the company's global headquarters Wilopark in Dortmund by its CEO Oliver Hermes and Abdulla Al Hashmi, Global Chief Operating Officer, Parks and Economic Zones at DP World, in the presence of...
AD Ports Group a leading global enabler of trade industry and logistics solutions has launched integrated logistics services connecting Abu Dhabi s Khalifa Port with Umm Qasr Port in Iraq reinforcing the group s commitment to enhancing regional connectivity and supporting existing trade corridors. The new service addresses growing container and Ro-Ro cargo volumes through a direct weekly shipping service linking Khalifa Port and Umm Qasr Port thereby enhancing trade flows between Lebanon Syria Jordan and the UAE and wider GCC markets while further strengthening regional connectivity with Türkiye and Europe. Captain Mohamed Juma Al Shamisi Managing Director and Group CEO of AD Ports Group said: AD Ports Group remains committed to expanding its integrated logistics ecosystem to better serve customers and strengthen regional connectivity in line with the vision of our wise leadership. This service enhances business resilience by providing access to diversified...
Read More
AD Ports Group, a leading global enabler of trade, industry, and logistics solutions, has launched integrated logistics services connecting Abu Dhabi's Khalifa Port with Umm Qasr Port in Iraq, reinforcing the group’s commitment to enhancing regional connectivity and supporting existing trade corridors.
The new service addresses growing container and Ro-Ro cargo volumes through a direct weekly shipping service linking Khalifa Port and Umm Qasr Port, thereby enhancing trade flows between Lebanon, Syria, Jordan, and the UAE and wider GCC markets, while further strengthening regional connectivity with Türkiye and Europe.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “AD Ports Group remains committed to expanding its integrated logistics ecosystem to better serve customers and strengthen regional connectivity, in line with the vision of our wise leadership. This service enhances business resilience by providing access to diversified...
King Abdullah Financial District Development and Management Company (KAFD DMC) the developer and operator of the Kingdom s premier business and lifestyle destination and Osool a leading real estate investment and asset management company have signed an agreement that will see the duo explore investment in real estate development and operations opportunities across its portfolio of development projects. The signing follows KAFD s recent SAR12 billion ( 3.2 billion) Murabaha facility and further broadens the district s base of private-sector capital. The MoU is non-binding and subject to further exploration ahead of execution. The agreement with Osool reflects a shared commitment to supporting Riyadh s continued growth as a global business investment and lifestyle hub in line with Saudi Vision 2030. It also highlights the growing role of institutional investment and private-sector partnerships in enabling the next generation of integrated urb...
Read More
King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of the Kingdom’s premier business and lifestyle destination, and Osool, a leading real estate investment and asset management company, have signed an agreement that will see the duo explore investment in real estate development and operations opportunities across its portfolio of development projects.
The signing follows KAFD's recent SAR12 billion ($3.2 billion) Murabaha facility and further broadens the district’s base of private-sector capital. The MoU is non-binding and subject to further exploration ahead of execution.
The agreement with Osool reflects a shared commitment to supporting Riyadh’s continued growth as a global business, investment, and lifestyle hub, in line with Saudi Vision 2030.
It also highlights the growing role of institutional investment and private-sector partnerships in enabling the next generation of integrated urb...
Gulf Warehousing Company (GWC Group) one of the region s leading logistics groups has for the first time extended its end-to-end supply chain to include a fully operational air-to-land logistics corridor. The corridor powered by the TIR system enables Doha to serve as a regional air-to-land redistribution hub and support the continuity of supply chains across the GCC. Cargo arriving at Hamad International Airport is transferred into sealed vehicles and transported across borders to key destinations in the region enabling faster and more predictable delivery. The model allows shipments to be rapidly redistributed from a single-entry point reducing reliance on disrupted traditional routing structures and enabling more flexible movement across markets without the cost of full air-to-air routing the company said. GWC Group acts as the engine driving this corridor through its cross-border land freight network and integrated logistics capabilities. Lev...
Read More
Gulf Warehousing Company (GWC Group), one of the region’s leading logistics groups, has for the first time extended its end-to-end supply chain to include a fully operational air-to-land logistics corridor.
The corridor, powered by the TIR system, enables Doha to serve as a regional air-to-land redistribution hub and support the continuity of supply chains across the GCC. Cargo arriving at Hamad International Airport is transferred into sealed vehicles and transported across borders to key destinations in the region, enabling faster and more predictable delivery.
The model allows shipments to be rapidly redistributed from a single-entry point, reducing reliance on disrupted traditional routing structures and enabling more flexible movement across markets without the cost of full air-to-air routing, the company said.
GWC Group acts as the engine driving this corridor through its cross-border land freight network and integrated logistics capabilities. Lev...
New real estate projects worth AED1 trillion ( 272.29 billion) will be launched or developed in Dubai within the next five years says W Capital a real estate brokerage firm. The investments will be driven by continued population growth the influx of foreign investment and the ongoing announcement of mega-projects by leading real estate developers it said. ...
Read More
New real estate projects worth AED1 trillion ($272.29 billion) will be launched or developed in Dubai within the next five years, says W Capital, a real estate brokerage firm.
The investments will be driven by continued population growth, the influx of foreign investment, and the ongoing announcement of mega-projects by leading real estate developers, it said.
...Al-Futtaim Contracting has been awarded the construction contract for 142 ultra-luxury villas at Eden Hills the landmark residential development by H&H in Dubai. Scheduled for completion in 2028 the development comprises four bespoke 5-bedroom villa typologies Vera Mira Maia and Bella. Architecture is designed by Loci with interiors curated by Studio M. Al-Futtaim Contracting has been appointed as the main contractor responsible for delivering these villas across the development. The agreement was signed in the presence of Shahab Lutfi Chairman of H&H Miltos Bosinis CEO of H&H and Murali S Managing Director of Al-Futtaim Contracting marking another milestone in Al-Futtaim Contracting s growing portfolio of premium residential and lifestyle developments across the UAE. Located within one of Dubai s most sought-after emerging residential destinations Eden Hills has been designed as a nature-led community that blends contemporary architecture...
Read More
Al-Futtaim Contracting has been awarded the construction contract for 142 ultra-luxury villas at Eden Hills, the landmark residential development by H&H in Dubai.
Scheduled for completion in 2028, the development comprises four bespoke 5-bedroom villa typologies, Vera, Mira, Maia, and Bella. Architecture is designed by Loci, with interiors curated by Studio M. Al-Futtaim Contracting has been appointed as the main contractor responsible for delivering these villas across the development.
The agreement was signed in the presence of Shahab Lutfi, Chairman of H&H, Miltos Bosinis, CEO of H&H, and Murali S, Managing Director of Al-Futtaim Contracting, marking another milestone in Al-Futtaim Contracting’s growing portfolio of premium residential and lifestyle developments across the UAE.
Located within one of Dubai’s most sought-after emerging residential destinations, Eden Hills has been designed as a nature-led community that blends contemporary architecture...
Bahrain-based Seef Properties has signed an agreement with Mohammed Jalal Contracting to execute the main construction works within the Seef Mall - Seef District redevelopment project. The project aims to revitalise the mall with a modern and refreshed design elevating the shopping entertainment and hospitality experience in Bahrain. This agreement aligns with Seef Properties long-term vision of developing its assets and commercial centres to keep pace with visitor expectations and rapid changes in the retail and entertainment sectors said the company. This will strengthen Seef Mall s position as one of the leading integrated destinations in Bahrain and the region while maintaining operational continuity and seamless services throughout the various phases of redevelopment it said. Under this contract Mohammed Jalal Contracting will undertake the main construction and development works adhering to the highest engineering and technical standards. This ...
Read More
Bahrain-based Seef Properties has signed an agreement with Mohammed Jalal Contracting to execute the main construction works within the Seef Mall - Seef District redevelopment project.
The project aims to revitalise the mall with a modern and refreshed design, elevating the shopping, entertainment, and hospitality experience in Bahrain.
This agreement aligns with Seef Properties' long-term vision of developing its assets and commercial centres to keep pace with visitor expectations and rapid changes in the retail and entertainment sectors, said the company. This will strengthen Seef Mall’s position as one of the leading integrated destinations in Bahrain and the region, while maintaining operational continuity and seamless services throughout the various phases of redevelopment, it said.
Under this contract, Mohammed Jalal Contracting will undertake the main construction and development works, adhering to the highest engineering and technical standards. This ...
Saudi Arabia s Minister of Municipalities and Housing Majed Al Hogail inaugurated the Saudi-Chinese Contractors Forum in Shenzhen on Sunday as part of an official visit to China aimed at strengthening cooperation in housing construction infrastructure and smart technologies. The June 13-16 visit includes meetings with Chinese government entities and companies involved in urban development housing smart city technologies and digital transformation according to the ministry. During the forum Saudi and Chinese entities signed six MoUs covering investment cooperation construction technology knowledge transfer workforce development and public-private partnerships. The agreements also include initiatives related to sustainable construction supply chain development and joint investment opportunities stated the ministry. This comes at a time when Saudi Arabia is planning to develop more than 100 000 housing units in partnership with Chinese companies by ...
Read More
Saudi Arabia's Minister of Municipalities and Housing, Majed Al Hogail, inaugurated the Saudi-Chinese Contractors Forum in Shenzhen on Sunday as part of an official visit to China aimed at strengthening cooperation in housing, construction, infrastructure and smart technologies.
The June 13-16 visit includes meetings with Chinese government entities and companies involved in urban development, housing, smart city technologies and digital transformation, according to the ministry.
During the forum, Saudi and Chinese entities signed six MoUs covering investment cooperation, construction technology, knowledge transfer, workforce development and public-private partnerships.
The agreements also include initiatives related to sustainable construction, supply chain development and joint investment opportunities, stated the ministry.
This comes at a time when Saudi Arabia is planning to develop more than 100,000 housing units in partnership with Chinese companies by ...
Leading UAE sustainability pioneer BEEAH has announced that early works have begun at its flagship real estate development - Khalid Bin Sultan City - in Sharjah with Building Company (BEST) appointed to deliver the enabling works package. Concept master-planned by Zaha Hadid Architects Khalid Bin Sultan City is envisioned as a next-generation destination that brings together residential commercial and lifestyle components within a climate-smart urban framework. These works include excavation and earthworks to level the site in line with approved designs. The milestone moves the project from planning into physical development ahead of the targeted completion of Phase 1 in 2029 said a statement from BEEAH. The commencement of early works marks a major milestone in bringing Khalid Bin Sultan City s sustainability-led vision to life. BEST is delivering site preparation and earthworks under a 150-day initial site preparation package To date approximately...
Read More
Leading UAE sustainability pioneer BEEAH has announced that early works have begun at its flagship real estate development - Khalid Bin Sultan City - in Sharjah with Building Company (BEST) appointed to deliver the enabling works package.
Concept master-planned by Zaha Hadid Architects, Khalid Bin Sultan City is envisioned as a next-generation destination that brings together residential, commercial and lifestyle components within a climate-smart urban framework. These works include excavation and earthworks to level the site in line with approved designs.
The milestone moves the project from planning into physical development ahead of the targeted completion of Phase 1 in 2029, said a statement from BEEAH.
The commencement of early works marks a major milestone in bringing Khalid Bin Sultan City’s sustainability-led vision to life. BEST is delivering site preparation and earthworks under a 150-day initial site preparation package
To date, approximately...
Saudi Arabia and Türkiye have signed two memoranda of understanding (MoUs) to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first MoU covers cooperation in logistics services and operations including the exchange of expertise technical knowledge regulatory practices and operational experience. The agreement aims to support the development of logistics systems and improve supply chain efficiency between the two countries it stated. The second MoU covers co-operation in the railway sector including the exchange of expertise in railway technologies signaling and communication systems railway digitalisation human capital development and the localisation of railway industry capabilities. The agreement also seeks to promote sustainable transportation solutions and support initiatives aimed at reducing the environmental footprint of rail transport. The co-operation ...
Read More
Saudi Arabia and Türkiye have signed two memoranda of understanding (MoUs) to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh.
The first MoU covers cooperation in logistics services and operations, including the exchange of expertise, technical knowledge, regulatory practices and operational experience.
The agreement aims to support the development of logistics systems and improve supply chain efficiency between the two countries, it stated.
The second MoU covers co-operation in the railway sector, including the exchange of expertise in railway technologies, signaling and communication systems, railway digitalisation, human capital development and the localisation of railway industry capabilities.
The agreement also seeks to promote sustainable transportation solutions and support initiatives aimed at reducing the environmental footprint of rail transport.
The co-operation ...
The One Atelier a complete turn-key service company offering consultancy design and build services has launched The One Capital an innovative blockchain platform focused on early-stage development in branded real estate through tokenised real-world asset (RWA) structures. The launch builds on The One Atelier s track record across internationally recognised branded residential projects associated with well-known lifestyle brands including Karl Lagerfeld Fendi Casa ETRO Armani Casa ELLE and Dolce & Gabbana many of which have demonstrated significant value uplift between early development and market maturity. Branded residences remain one of the fastest-growing segments in global real estate with reported average price premiums of up to 33% over comparable non-branded properties according to Savills Branded Residences Report. The sector is projected to exceed 1 000 schemes globally by the end of 2026 reflecting significant growth over the past d...
Read More
The One Atelier, a complete turn-key service company offering consultancy, design and build services, has launched The One Capital, an innovative blockchain platform focused on early-stage development in branded real estate through tokenised real-world asset (RWA) structures.
The launch builds on The One Atelier’s track record across internationally recognised branded residential projects associated with well-known lifestyle brands including Karl Lagerfeld, Fendi Casa, ETRO, Armani Casa, ELLE and Dolce & Gabbana, many of which have demonstrated significant value uplift between early development and market maturity.
Branded residences remain one of the fastest-growing segments in global real estate, with reported average price premiums of up to 33% over comparable non-branded properties, according to Savills’ Branded Residences Report.
The sector is projected to exceed 1,000 schemes globally by the end of 2026, reflecting significant growth over the past d...
Gulftainer (GT) a globally trusted leader in integrated maritime and logistics solutions has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs. Located at the geographic inflection point between the UAE s East Coast and the mainland with just 50 km from Khorfakkan Port the Al Dhaid Multi-Modal Trade Corridor is being engineered to act as a capacity extension for Khorfakkan Port. Planned and designed as a state-of-the-art ESG-compliant and fully digitalized logistics ecosystem the Hub will provide a frictionless logistics corridor that streamlines the entire supply chain. Thanks to the strategic vision of Sharjah Ports Customs and Free Zones Authority which supports transformative projects to enhance supply chain efficiency this corridor marks a pivotal moment in the UAE s logistics roadmap. It will serve as a critical supply chain core ...
Read More
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor — a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
Located at the geographic inflection point between the UAE’s East Coast and the mainland with just 50 km from Khorfakkan Port, the Al Dhaid Multi-Modal Trade Corridor is being engineered to act as a capacity extension for Khorfakkan Port.
Planned and designed as a state-of-the-art, ESG-compliant, and fully digitalized logistics ecosystem, the Hub will provide a frictionless logistics corridor that streamlines the entire supply chain.
Thanks to the strategic vision of Sharjah Ports, Customs and Free Zones Authority, which supports transformative projects to enhance supply chain efficiency, this corridor marks a pivotal moment in the UAE’s logistics roadmap. It will serve as a critical supply chain core,...
Construction activity across the Gulf region remains robust supported by strong project execution and rising demand for building materials according to new research released by engineering consultancy AESG. New research from AESG backed by tender return data confirms sustained construction activity across the region a market with 951 billion in projects currently under active execution according to MEED. Concrete supply grew 13% between Q4 2025 and Q2 2026 a strong indicator of continued market momentum. Alongside this growth cost benchmarks have adjusted with concrete works up 13% and reinforcement steel up 16% over the same period reflecting broader movements in global commodity and logistics markets stated AESG in its Middle East Market Intelligence Report whose benchmarks are based on actual tender returns from Q4 2025 through Q2 2026. These figures are corroborated by commodity index data which shows the rebar index up 6% and oil and aluminium indi...
Read More
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials, according to new research released by engineering consultancy AESG.
New research from AESG, backed by tender return data, confirms sustained construction activity across the region, a market with $951 billion in projects currently under active execution according to MEED.
Concrete supply grew 13% between Q4 2025 and Q2 2026, a strong indicator of continued market momentum. Alongside this growth, cost benchmarks have adjusted, with concrete works up 13% and reinforcement steel up 16% over the same period, reflecting broader movements in global commodity and logistics markets, stated AESG in its Middle East Market Intelligence Report whose benchmarks are based on actual tender returns from Q4 2025 through Q2 2026.
These figures are corroborated by commodity index data, which shows the rebar index up 6% and oil and aluminium indi...
Dubai Holding Real Estate an integrated master developer has partnered with Commercial Bank of Dubai (CBD) to launch a new home financing programme for eligible customers purchasing properties across key developments such as Nakheel Meraas and Dubai Properties. The programme is available to both nationals and UAE residents including salaried and self-employed buyers purchasing (qualified) off-plan and completed villas and apartments across Dubai Holding Real Estate s portfolio. It has been designed to provide a smoother and more transparent route to ownership with preferential rates attractive fee structures faster digital onboarding dedicated relationship management and access to selected premium banking benefits. The programme offers both conventional and Islamic financing solutions subject to eligibility and approval broadening customer choice across the UAE. It also includes digital pre-approval supported by automated eligibility ass...
Read More
Dubai Holding Real Estate, an integrated master developer, has partnered with Commercial Bank of Dubai (CBD) to launch a new home financing programme for eligible customers purchasing properties across key developments such as Nakheel, Meraas and Dubai Properties.
The programme is available to both nationals and UAE residents, including salaried and self-employed buyers purchasing (qualified) off-plan and completed villas and apartments across Dubai Holding Real Estate’s portfolio.
It has been designed to provide a smoother and more transparent route to ownership, with preferential rates, attractive fee structures, faster digital onboarding, dedicated relationship management and access to selected premium banking benefits.
The programme offers both conventional and Islamic financing solutions, subject to eligibility and approval, broadening customer choice across the UAE.
It also includes digital pre-approval supported by automated eligibility ass...
Nemetschek Arabia a part of the Nemetschek Group one of the world s leading software providers for the Architecture Engineering Construction and Operations (AEC/O) industry is showcasing its Connected Construction vision at its booth alongside its partner Medialogic demonstrating how integrated digital workflows data-driven collaboration and intelligent technologies are reshaping the future of the construction industry. A major industry event Project Qatar 2026 kicked off today (June 9) under the theme Innovation & Sustainability: Qatar s Path to 2030 and will run until June 11 at the Doha Exhibition and Convention Center (DECC). The three-day event brings together global construction leaders innovators and policymakers. As the event s AEC/O Technology Sponsor Nemetschek reaffirmed its commitment to driving digital transformation and sustainable development across Qatar s rapidly evolving built environment sector. Through its portfolio of ...
Read More
Nemetschek Arabia, a part of the Nemetschek Group, one of the world’s leading software providers for the Architecture, Engineering, Construction and Operations (AEC/O) industry, is showcasing its ‘Connected Construction’ vision at its booth alongside its partner Medialogic, demonstrating how integrated digital workflows, data-driven collaboration, and intelligent technologies are reshaping the future of the construction industry.
A major industry event, Project Qatar 2026 kicked off today (June 9) under the theme “Innovation & Sustainability: Qatar’s Path to 2030” and will run until June 11 at the Doha Exhibition and Convention Center (DECC). The three-day event brings together global construction leaders, innovators, and policymakers.
As the event’s AEC/O Technology Sponsor, Nemetschek reaffirmed its commitment to driving digital transformation and sustainable development across Qatar’s rapidly evolving built environment sector.
Through its portfolio of ...
First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establish an investment fund focused on the education sector in Saudi Arabia. The proposed fund will seek to acquire and develop educational facilities across the kingdom as the company expands into education-related real estate assets as part of its strategy to diversify its portfolio and income streams said First Avenue in its filing to Saudi bourse Tadawul. The move is aimed at enhancing long-term investment returns through operational assets that generate recurring income while reducing market risks through greater diversification. These educational assets are increasingly being integrated into mixed-use developments globally due to their role in improving quality of life supporting residential communities and creating sustainable value for real estate p...
Read More
First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital, Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establish an investment fund focused on the education sector in Saudi Arabia.
The proposed fund will seek to acquire and develop educational facilities across the kingdom as the company expands into education-related real estate assets as part of its strategy to diversify its portfolio and income streams, said First Avenue in its filing to Saudi bourse Tadawul.
The move is aimed at enhancing long-term investment returns through operational assets that generate recurring income while reducing market risks through greater diversification.
These educational assets are increasingly being integrated into mixed-use developments globally due to their role in improving quality of life, supporting residential communities and creating sustainable value for real estate p...
GFH Bank today (June 9) announced the signing of a strategic MoU with Octo Management Consultancies to collaborate on the development of a 300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia. The partnership is aimed at capitalising on the strong growth fundamentals underpinning the logistics and industrial sectors across the GCC driven by the rapid expansion of e-commerce supply chain localisation manufacturing growth and major infrastructure investments across both markets said senior GFH officlals at the signing held on the sidelines of 2026 Saint Petersburg International Economic Forum. Under the agreement GFH will act as Investment Manager and development partner for the platform. The platform will focus exclusively on logistics and industrial development opportunities in the UAE and Saudi Arabia including large-format warehousing multi-let industrial assets cold storage facilities and distribution centre...
Read More
GFH Bank today (June 9) announced the signing of a strategic MoU with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia.
The partnership is aimed at capitalising on the strong growth fundamentals underpinning the logistics and industrial sectors across the GCC, driven by the rapid expansion of e-commerce, supply chain localisation, manufacturing growth and major infrastructure investments across both markets, said senior GFH officlals at the signing held on the sidelines of 2026 Saint Petersburg International Economic Forum.
Under the agreement, GFH will act as Investment Manager and development partner for the platform. The platform will focus exclusively on logistics and industrial development opportunities in the UAE and Saudi Arabia, including large-format warehousing, multi-let industrial assets, cold storage facilities and distribution centre...
Hellmann Worldwide Logistics and INDU Group have broken ground on a new automotive logistics hub in Jebel Ali Free Zone (Jafza) reinforcing the free zone s role as a key gateway for regional and global trade. The facility will support faster more efficient spare parts distribution across the GCC Africa and beyond as demand for resilient automotive supply chains continues to grow said a statement. Designed to manage the full spectrum of automotive spare parts logistics the facility will combine high-density bin storage pallet racking and specialised handling areas for oversized and bulky components. With a total area of nearly 300 000 sq ft the site will provide scalable infrastructure to support efficient high-volume distribution. Developed by INDU Logistics part of INDU Group the facility will serve as a dedicated automotive hub within Hellmann s Middle East network. Lee I Ons Regional CEO IMEA Hellmann Worldwide Logistics said: Th...
Read More
Hellmann Worldwide Logistics and INDU Group have broken ground on a new automotive logistics hub in Jebel Ali Free Zone (Jafza), reinforcing the free zone’s role as a key gateway for regional and global trade.
The facility will support faster, more efficient spare parts distribution across the GCC, Africa and beyond, as demand for resilient automotive supply chains continues to grow, said a statement.
Designed to manage the full spectrum of automotive spare parts logistics, the facility will combine high-density bin storage, pallet racking and specialised handling areas for oversized and bulky components. With a total area of nearly 300,000 sq ft, the site will provide scalable infrastructure to support efficient, high-volume distribution.
Developed by INDU Logistics, part of INDU Group, the facility will serve as a dedicated automotive hub within Hellmann’s Middle East network.
Lee I’Ons, Regional CEO IMEA, Hellmann Worldwide Logistics, said: “Th...
The UAE real estate market is projected to reach AED2.98 trillion ( 811.44 billion) by 2031 reflecting strong investor confidence and sustained demand across residential commercial and mixed-use developments a report said. The sector s expansion continues to be supported by population growth foreign direct investment and the UAE s growing appeal as a global hub for business and lifestyle opportunities according to market intelligence platform Statista Market Insights . This upward trajectory is driving a new wave of development activity across the country with increasingly ambitious projects reshaping urban landscapes and creating fresh opportunities for both developers and investors. As projects grow in scale and complexity stakeholders are placing greater emphasis on tools and technologies that support more informed decision-making throughout the planning design and sales process the report said. Georges Calas CEO of Lifesize Plans Dubai commented: ...
Read More
The UAE real estate market is projected to reach AED2.98 trillion ($811.44 billion) by 2031, reflecting strong investor confidence and sustained demand across residential, commercial and mixed-use developments, a report said.
The sector's expansion continues to be supported by population growth, foreign direct investment, and the UAE's growing appeal as a global hub for business and lifestyle opportunities, according to market intelligence platform ‘Statista Market Insights’.
This upward trajectory is driving a new wave of development activity across the country, with increasingly ambitious projects reshaping urban landscapes and creating fresh opportunities for both developers and investors. As projects grow in scale and complexity, stakeholders are placing greater emphasis on tools and technologies that support more informed decision-making throughout the planning, design and sales process, the report said.
Georges Calas, CEO of Lifesize Plans Dubai, commented: “...
SAFEEN Drydocks a shipbuilding repair and maintenance company has secured two major vessel construction contracts valued at AED1.3 billion ( 354 million) in total marking the largest awards secured by SAFEEN Drydocks to date and reinforcing the UAE s growing position as a shipbuilding hub. SAFEEN Drydocks is a joint venture between AD Ports Group and Premier Marine Engineering Services operating within Noatum Maritime s portfolio as part of its broader offering of integrated maritime services. The first project includes the design and fabrication of four 140-metre multipurpose vessels for AD Ports Group representing one of the largest maritime vessel projects to be undertaken in the UAE. Supporting a range of cargo and logistics operations each will have capacity for 105 passengers up to 300 containers including more than 100 reefer plugs as well as high and heavy cargo and up to 1000 cars and 100 trailers. ...
Read More
SAFEEN Drydocks, a shipbuilding, repair and maintenance company, has secured two major vessel construction contracts valued at AED1.3 billion ($354 million) in total, marking the largest awards secured by SAFEEN Drydocks to date and reinforcing the UAE’s growing position as a shipbuilding hub.
SAFEEN Drydocks is a joint venture between AD Ports Group and Premier Marine Engineering Services, operating within Noatum Maritime’s portfolio, as part of its broader offering of integrated maritime services.
The first project includes the design and fabrication of four 140-metre multipurpose vessels for AD Ports Group, representing one of the largest maritime vessel projects to be undertaken in the UAE. Supporting a range of cargo and logistics operations, each will have capacity for 105 passengers, up to 300 containers, including more than 100 reefer plugs, as well as high and heavy cargo, and up to 1000 cars and 100 trailers.
...Abu Dhabi is entering a pivotal phase in its real estate journey emerging as one of the UAE s most compelling destinations for both end users and investors heading into 2026. With the capital s population forecast to exceed 6 million by 2040 this growth is expected to support sustained long-term demand for housing and urban infrastructure. Backed by national frameworks alongside infrastructure investment and regulatory transparency the capital is steadily laying the foundations for long-term property demand. Against this backdrop Object 1 outlines four key factors shaping Abu Dhabi s next phase of real estate growth. State-backed market direction At the heart of the capital s real estate trajectory is Abu Dhabi Economic Vision 2030 a long-term roadmap aimed at transforming the emirate into a diversified economy with reduced reliance on oil revenues. This vision is already in action with Abu Dhabi s non...
Read More
Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026.
With the capital’s population forecast to exceed 6 million by 2040, this growth is expected to support sustained long-term demand for housing and urban infrastructure.
Backed by national frameworks alongside infrastructure investment and regulatory transparency, the capital is steadily laying the foundations for long-term property demand. Against this backdrop, Object 1 outlines four key factors shaping Abu Dhabi’s next phase of real estate growth.
• State-backed market direction
At the heart of the capital’s real estate trajectory is Abu Dhabi Economic Vision 2030, a long-term roadmap aimed at transforming the emirate into a diversified economy with reduced reliance on oil revenues. This vision is already in action, with Abu Dhabi’s non...
MAG Group Holding plans to announce a new real estate project called MAG Square within the next two weeks with a market value of up to AED2 billion ( 544.59 million) said Moafaq Ahmad Al Gaddah Founder and Chairman of MAG Group Holding. In an interview with the Government of Dubai Media Office he said: All of our projects in Dubai are progressing according to the approved timelines and during this year we will complete and hand over six new projects. We are proud to be part of the development journey of Dubai and the UAE. What we have witnessed since the 1980s in terms of rapid development and speed of execution across Dubai is exceptional and unprecedented on a global scale he said. - TradeArabia News Service ...
Read More
MAG Group Holding plans to announce a new real estate project called ‘MAG Square’ within the next two weeks, with a market value of up to AED2 billion ($544.59 million), said Moafaq Ahmad Al Gaddah, Founder and Chairman of MAG Group Holding.
In an interview with the Government of Dubai Media Office, he said: "All of our projects in Dubai are progressing according to the approved timelines, and during this year we will complete and hand over six new projects.
"We are proud to be part of the development journey of Dubai and the UAE. What we have witnessed since the 1980s in terms of rapid development and speed of execution across Dubai is exceptional and unprecedented on a global scale," he said. - TradeArabia News Service
...Arabian Construction Company Group (ACC Group) has appointed Eric Savage as its new Chief Technology Officer (CTO). The appointment comes as ACC Group continues to expand its capabilities in response to growing project complexity and evolving operational demands across the construction sector. Savage brings more than 18 years of international experience leading enterprise technology IT strategy and transformation programmes across the Middle East Europe and Africa. His experience spans construction energy and real estate sectors As part of his role Savage will lead ACC Group s technology strategy overseeing enterprise systems cyber security IT infrastructure data initiatives and digital innovation across the business. He will work closely with the leadership team to support operational efficiency scalability and more integrated project delivery across the group s global operations. On his appointment Savage said: ACC has built a strong reput...
Read More
Arabian Construction Company Group (ACC Group) has appointed Eric Savage as its new Chief Technology Officer (CTO). The appointment comes as ACC Group continues to expand its capabilities in response to growing project complexity and evolving operational demands across the construction sector.
Savage brings more than 18 years of international experience leading enterprise technology IT strategy and transformation programmes across the Middle East, Europe, and Africa. His experience spans construction, energy, and real estate sectors
As part of his role, Savage will lead ACC Group’s technology strategy, overseeing enterprise systems, cyber security, IT infrastructure, data initiatives and digital innovation across the business.
He will work closely with the leadership team to support operational efficiency, scalability and more integrated project delivery across the group's global operations.
On his appointment, Savage said: "ACC has built a strong reput...
SAB Invest the investment arm of Saudi Awwal Bank (SAB) has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ( 502 million). The project will be developed on a 19 000 sqm site in Almalqa district. In a statement the company said the fund is structured to optimise capital efficiency and risk management with SAB committing financing of up to 50% of the total investment value. This commitment reflects the strength of the underlying asset and the confidence of the partners in the project s long-term potential. The CMA-regulated structure is designed to attract institutional and qualified investors seeking exposure to Riyadh s dynamic real estate market while generating sustainable and long-term returns. Ali Al Mansour Managing Director & CEO at SAB Invest said: The Real Estate Fund for Retal Heights exemplifies our approach to capital efficiency and risk management...
Read More
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ($502 million). The project will be developed on a 19,000 sqm site in Almalqa district.
In a statement, the company said the fund is structured to optimise capital efficiency and risk management, with SAB committing financing of up to 50% of the total investment value.
This commitment reflects the strength of the underlying asset and the confidence of the partners in the project’s long-term potential.
The CMA-regulated structure is designed to attract institutional and qualified investors seeking exposure to Riyadh’s dynamic real estate market, while generating sustainable and long-term returns.
Ali Al Mansour, Managing Director & CEO at SAB Invest, said: "The Real Estate Fund for Retal Heights exemplifies our approach to capital efficiency and risk management...
DP World and the Government of the Dominican Republic will invest an additional 100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo. Unveiled during the 12th World Free Zones Congress 2026 the investment is in addition to the 760 million previously committed further strengthening the country s role as a manufacturing and logistics hub for the Americas. In May 2025 DP World had signed a 760 million MoU with the Government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone. The latest investment with the Ministry of Industry Commerce and MSMEs will support the development of new warehouse infrastructure and increase overall logistics capacity further integrating port free zone and logistics services at Caucedo to meet growing regional demand. DP World plays a significant role in driving economic growth employment and trade connectivity across the Dominican Re...
Read More
DP World and the Government of the Dominican Republic will invest an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
Unveiled during the 12th World Free Zones Congress 2026, the investment is in addition to the $760 million previously committed, further strengthening the country’s role as a manufacturing and logistics hub for the Americas.
In May 2025, DP World had signed a $760 million MoU with the Government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone.
The latest investment, with the Ministry of Industry, Commerce, and MSMEs, will support the development of new warehouse infrastructure and increase overall logistics capacity, further integrating port, free zone, and logistics services at Caucedo to meet growing regional demand.
DP World plays a significant role in driving economic growth, employment, and trade connectivity across the Dominican Re...
Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh in a deal valued at SAR 133 million ( 35.5 million). The transaction will raise Al Ramz s ownership in the Al Ahli Aleen Enbar Real Estate Fund from 23% to 100% giving the company full control of the project as it seeks to expand its exposure to strategically located real estate developments in the Saudi capital. In a filing to the Saudi Stock Exchange the company said it currently owns 23% of the fund s units representing an investment of approximately SAR 40 million. Upon completion of the acquisition Al Ramz will become the sole owner of the fund. The fund owns the Qurtuba 2 project a planned mixed-use development located in Riyadh s Qurtuba district along Prince Mohammed bin Salman Road also known as the Sports Boulevard corridor. The project spans about 130 386 square...
Read More
Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh, in a deal valued at SAR 133 million ($35.5 million).
The transaction will raise Al Ramz's ownership in the Al Ahli Aleen Enbar Real Estate Fund from 23% to 100%, giving the company full control of the project as it seeks to expand its exposure to strategically located real estate developments in the Saudi capital.
In a filing to the Saudi Stock Exchange, the company said it currently owns 23% of the fund's units, representing an investment of approximately SAR 40 million. Upon completion of the acquisition, Al Ramz will become the sole owner of the fund.
The fund owns the Qurtuba 2 project, a planned mixed-use development located in Riyadh's Qurtuba district along Prince Mohammed bin Salman Road, also known as the Sports Boulevard corridor. The project spans about 130,386 square...
Dubai s real estate market recorded a sharp month-on-month recovery in April with total registered transaction value rising 20% to AED68.6 billion ( 18.7 billion) according to a new analytical report published by Elite Merit Real Estate. The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty. According to the report April s performance indicates that the correction was primarily sentiment-driven rather than structural. Total registered transactions reached 18 847 in April it stated. Mortgage activity increased 33.5% MoM to AED14.52 billion while cash sales rose 13.5% to AED48.34 billion. Off-plan activity remained the dominant market driver accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion it added. Other key findings from the report include: The AED 10 million luxury s...
Read More
Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), according to a new analytical report published by Elite Merit Real Estate.
The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty.
According to the report, April’s performance indicates that the correction was primarily sentiment-driven rather than structural. Total registered transactions reached 18,847 in April, it stated.
Mortgage activity increased 33.5% MoM to AED14.52 billion, while cash sales rose 13.5% to AED48.34 billion.
Off-plan activity remained the dominant market driver, accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion, it added.
Other key findings from the report include:
*The AED 10 million+ luxury s...
Dubai s real estate market recorded a sharp month-on-month recovery in April 2026 with total registered transaction value rising 20% to AED68.6 billion ( 16.68 billion) according to a new analytical report published by Elite Merit Real Estate. The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty. According to the report April s performance indicates that the correction was primarily sentiment-driven rather than structural it said. Total registered transactions reached 18 847 in April. Mortgage activity increased 33.5% month-on-month to AED14.52 billion while cash sales rose 13.5% to AED48.34 billion. Off-plan activity remained the dominant market driver accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion. April s rebound suggests that Dubai s real estate market is continuing to stabilise a...
Read More
Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate.
The rebound marks the first decisive recovery following a temporary slowdown in late February linked to broader regional geopolitical uncertainty. According to the report, April’s performance indicates that the correction was primarily sentiment-driven rather than structural, it said.
Total registered transactions reached 18,847 in April. Mortgage activity increased 33.5% month-on-month to AED14.52 billion, while cash sales rose 13.5% to AED48.34 billion.
Off-plan activity remained the dominant market driver, accounting for 70.5% of adjusted market share. Off-plan apartment sales alone reached a 2026 monthly high of AED19.7 billion.
“April’s rebound suggests that Dubai’s real estate market is continuing to stabilise a...
Hitachi Energy a global leader in electrification and Volvo Construction Equipment (Volvo CE) a leading manufacturer of construction equipment machinery have signed a memorandum of understanding (MoU) to collaborate on developing end to end approaches that support the deployment of zero emission construction sites. The collaboration brings together electric construction equipment with clean power supply energy management and system integration capabilities to help address one of the construction industry s most pressing challenges: decarbonisation. Customer and investor demand for lower emission more productive construction operations is reshaping the industry. At the same time regulatory and permitting frameworks increasingly require projects to address emissions and environmental performance throughout the planning and approval process. While electrification automation and efficient resource and asset planning offer clear pathways to reduce ...
Read More
Hitachi Energy, a global leader in electrification, and Volvo Construction Equipment (Volvo CE), a leading manufacturer of construction equipment machinery, have signed a memorandum of understanding (MoU) to collaborate on developing end‑to‑end approaches that support the deployment of zero‑emission construction sites.
The collaboration brings together electric construction equipment with clean power supply, energy management, and system integration capabilities to help address one of the construction industry’s most pressing challenges: decarbonisation.
Customer and investor demand for lower‑emission, more productive construction operations is reshaping the industry. At the same time, regulatory and permitting frameworks increasingly require projects to address emissions and environmental performance throughout the planning and approval process.
While electrification, automation, and efficient resource and asset planning offer clear pathways to reduce ...
The Royal Commission for Riyadh City (RCRC) has commenced work on the Othman Bin Affan Road and King Salman Road development project which aims to improve traffic flow and enhance the overall mobility experience across the Saudi capital. Spanning 4.3 km the project includes the construction of seven new bridges alongside upgrades to existing road lanes. These enhancements will increase the capacity of the corridor to accommodate approximately 500 000 vehicles per day further strengthening connectivity between key routes in northern Riyadh RCRC said. The scope of work involves upgrading major intersections at King Salman Road and Anas bin Malik Road through an integrated network of bridges ranging from two to four lanes. This will significantly enhance connectivity between the northern and southern sections of King Salman Road reduce travel times and improve overall traffic efficiency within the area. RCRC has also introduced a temporary traffic diversion on t...
Read More
The Royal Commission for Riyadh City (RCRC) has commenced work on the Othman Bin Affan Road and King Salman Road development project, which aims to improve traffic flow and enhance the overall mobility experience across the Saudi capital.
Spanning 4.3 km, the project includes the construction of seven new bridges alongside upgrades to existing road lanes. These enhancements will increase the capacity of the corridor to accommodate approximately 500,000 vehicles per day, further strengthening connectivity between key routes in northern Riyadh, RCRC said.
The scope of work involves upgrading major intersections at King Salman Road and Anas bin Malik Road through an integrated network of bridges ranging from two to four lanes. This will significantly enhance connectivity between the northern and southern sections of King Salman Road, reduce travel times, and improve overall traffic efficiency within the area.
RCRC has also introduced a temporary traffic diversion on t...
Rechitta a new intelligent communication platform for the real estate market that enables real-time multilingual engagement powered by verified developer data has been launched in Dubai. Built specifically for developers brokers and buyers Rechitta aims to help the industry manage increasing demand with greater speed consistency transparency and accuracy a company statement said. Rechitta is designed to provide real-time responses on pricing inventory payment plans amenities and project updates while also giving developers visibility into engagement trends investor interests and market demand patterns. By removing delays caused by fragmented communication and manual follow-ups Rechitta aims to help developers and brokers respond to global market demand more effectively. The system supports streamlined engagement faster transaction workflows and more consistent communication across the sales process through a real-time environment powered by verif...
Read More
Rechitta, a new intelligent communication platform for the real estate market that enables real-time, multilingual engagement powered by verified developer data, has been launched in Dubai.
Built specifically for developers, brokers and buyers, Rechitta aims to help the industry manage increasing demand with greater speed, consistency, transparency, and accuracy, a company statement said.
Rechitta is designed to provide real-time responses on pricing, inventory, payment plans, amenities, and project updates, while also giving developers visibility into engagement trends, investor interests, and market demand patterns. By removing delays caused by fragmented communication and manual follow-ups, Rechitta aims to help developers and brokers respond to global market demand more effectively. The system supports streamlined engagement, faster transaction workflows, and more consistent communication across the sales process through a real-time environment powered by verif...
Sharjah Ports Customs and Free Zones Authority in cooperation with the Sharjah Roads and Transport Authority has exempted cargo trucks arriving from Oman and operating within the approved logistics corridor routes from toll gate fee across the Emirate of Sharjah. The exemption applies to trucks entering through the Khatmat Malaha and Al Madam border crossings provided shipments meet the initiative s requirements and are registered within its approved routes. The move is set to facilitate the smooth flow of goods reduce operational burdens on companies and clients and support the efficiency of transport and logistics services said a WAM news agency report. The initiative is part of ongoing efforts to further develop the logistics corridor connecting Sharjah s ports and border crossings with Oman and to strengthen supply chain efficiency across the UAE. The initiative is underpinned by strong logistical and geographical advantages that reinforce its operation...
Read More
Sharjah Ports, Customs and Free Zones Authority, in cooperation with the Sharjah Roads and Transport Authority, has exempted cargo trucks arriving from Oman and operating within the approved logistics corridor routes from toll gate fee across the Emirate of Sharjah.
The exemption applies to trucks entering through the Khatmat Malaha and Al Madam border crossings, provided shipments meet the initiative’s requirements and are registered within its approved routes. The move is set to facilitate the smooth flow of goods, reduce operational burdens on companies and clients, and support the efficiency of transport and logistics services, said a WAM news agency report.
The initiative is part of ongoing efforts to further develop the logistics corridor connecting Sharjah’s ports and border crossings with Oman, and to strengthen supply chain efficiency across the UAE.
The initiative is underpinned by strong logistical and geographical advantages that reinforce its operation...
AD Ports Group a leading global enabler of trade logistics and industry has established a consolidated multimodal inland logistics network of rail-linked dry ports and cargo depots including KEZAD Group s Industry City of Abu Dhabi (ICAD). This network will position Khalifa Port and Fujairah Terminals as dual gateways for the UAE industry while strengthening the movement of industrial cargo across the UAE and the wider region AD Ports said. In support of this effort the group signed memoranda of understanding (MoUs) with four leading UAE manufacturers Emirates Global Aluminium (EGA) EMSTEEL Group Al Ghurair Iron & Steel and Tenaris positioning them as anchor industrial cargo clients of AD Ports Group s rail-linked inland logistics network. The network aims to facilitate the efficient movement of industrial inputs finished goods and strategic cargo across the UAE. It will connect Khalifa Port and Fujairah Terminals to rail-linked inland dry p...
Read More
AD Ports Group, a leading global enabler of trade, logistics and industry, has established a consolidated, multimodal inland logistics network of rail-linked dry ports and cargo depots, including KEZAD Group’s Industry City of Abu Dhabi (ICAD).
This network will position Khalifa Port and Fujairah Terminals as dual gateways for the UAE industry, while strengthening the movement of industrial cargo across the UAE and the wider region, AD Ports said.
In support of this effort, the group signed memoranda of understanding (MoUs) with four leading UAE manufacturers, Emirates Global Aluminium (EGA), EMSTEEL Group, Al Ghurair Iron & Steel, and Tenaris, positioning them as anchor industrial cargo clients of AD Ports Group’s rail-linked inland logistics network.
The network aims to facilitate the efficient movement of industrial inputs, finished goods and strategic cargo across the UAE. It will connect Khalifa Port and Fujairah Terminals to rail-linked inland dry p...
Abu Dhabi National Company for Building Materials (BILDCO) has announced a strategic partnership with Wujod Real Estate Development to develop an integrated sustainable city in Abu Dhabi. The partnership marks a significant step in both companies commitment to supporting Abu Dhabi s long-term economic diversification strategy through the development of a highly curated low-density ecosystem integrating ecological estate living wellness destinations equestrian culture innovation hubs productive landscapes and future-focused lifestyle infrastructure. The project will cover an initial area of approximately 10 million square metres equivalent to around 107 million square feet. Investments for the first phase are estimated at AED 2 billion ( 544.4 million) with implementation to proceed in line with approved development plans and regulatory requirements. Commenting on the partnership Shamsa Sulaiman Al Fahim Acting Chief Executive Officer of BILDCO said the c...
Read More
Abu Dhabi National Company for Building Materials (BILDCO) has announced a strategic partnership with Wujod Real Estate Development to develop an integrated sustainable city in Abu Dhabi.
The partnership marks a significant step in both companies’ commitment to supporting Abu Dhabi’s long-term economic diversification strategy through the development of a highly curated low-density ecosystem integrating ecological estate living, wellness destinations, equestrian culture, innovation hubs, productive landscapes, and future-focused lifestyle infrastructure.
The project will cover an initial area of approximately 10 million square metres, equivalent to around 107 million square feet. Investments for the first phase are estimated at AED 2 billion ($544.4 million), with implementation to proceed in line with approved development plans and regulatory requirements.
Commenting on the partnership, Shamsa Sulaiman Al Fahim, Acting Chief Executive Officer of BILDCO, said the c...
Abu Dhabi-based BILDCO is studying a strategic logistics project in Oman aimed at developing an integrated logistics hub at the Port of Salalah alongside a collection and operations centre in Sohar. The initiative is part of a broader strategy to enhance the re-export movement of building materials from the UAE to global markets particularly India China and East Africa through alternative trade corridors that support the sustainability of regional supply chains said a BILDCO statement to ADX. The project is based on developing a fully integrated operational and logistics infrastructure that includes storage re-export shipping and supporting logistics services leveraging the strategic location of the Port of Salalah along major global maritime trade routes connecting Asia and Africa and the opportunities it offers to strengthen commercial connectivity with target markets it said. Braik Musallam Al Amri Chairman of the Port of Sal...
Read More
Abu Dhabi-based BILDCO is studying a strategic logistics project in Oman aimed at developing an integrated logistics hub at the Port of Salalah, alongside a collection and operations centre in Sohar.
The initiative is part of a broader strategy to enhance the re-export movement of building materials from the UAE to global markets, particularly India, China, and East Africa, through alternative trade corridors that support the sustainability of regional supply chains, said a BILDCO statement to ADX.
The project is based on developing a fully integrated operational and logistics infrastructure that includes storage, re-export, shipping, and supporting logistics services, leveraging the strategic location of the Port of Salalah along major global maritime trade routes connecting Asia and Africa, and the opportunities it offers to strengthen commercial connectivity with target markets, it said.
Braik Musallam Al Amri, Chairman of the Port of Sal...
DSV the global transport and logistics leader and Arcapita Group Holdings Limited the global alternative investment firm through its real estate development platform Lintara Properties have announced the completion of a new state-of-the-art 30 000-square-metre build-to-suit logistics warehouse at Dubai s Jebel Ali Free Zone (JAFZA). The new facility is a clear signal of DSV s long-term commitment to the UAE and the wider Middle East. DSV is continuing to invest in capacity and capabilities in Dubai reflecting its confidence in the market s long-term growth and the role of the UAE as a global trade and logistics hub. Chrys Mendonca Managing Director of DSV Dubai said: I m excited to open this state-of-the-art facility expanding our capabilities to serve both our regional and global customers. Even in a period of unrest and uncertainty in parts of the Middle East we are expanding capacity because we trust the region s long-term growth and the UAE s role as...
Read More
DSV, the global transport and logistics leader, and Arcapita Group Holdings Limited, the global alternative investment firm, through its real estate development platform Lintara Properties, have announced the completion of a new, state-of-the-art 30,000-square-metre build-to-suit logistics warehouse at Dubai’s Jebel Ali Free Zone (JAFZA).
The new facility is a clear signal of DSV’s long-term commitment to the UAE and the wider Middle East. DSV is continuing to invest in capacity and capabilities in Dubai, reflecting its confidence in the market’s long-term growth and the role of the UAE as a global trade and logistics hub.
Chrys Mendonca, Managing Director of DSV Dubai, said: “I’m excited to open this state-of-the-art facility expanding our capabilities to serve both our regional and global customers. Even in a period of unrest and uncertainty in parts of the Middle East, we are expanding capacity because we trust the region’s long-term growth and the UAE’s role as...
The UAE real estate market is navigating a transition period as it moves beyond the exceptional momentum of 2025 toward a more measured mature phase supported by strong fundamentals and ongoing infrastructure investment said a Colliers report. The UAE Real Estate Market Report for Q1 2026 report provides insight into key residential office and investment trends across Abu Dhabi Dubai the Northern Emirates and Al Ain. Across the UAE performance is increasingly shaped by asset quality submarket dynamics and evolving investor and occupier behaviour. Abu Dhabi residential and office market Abu Dhabi s real estate market is evolving toward a more balanced and sustainable growth trajectory. On the supply side the residential sector maintained a steady delivery rhythm in Q1 2026 with approximately 1 200 units added while a further 7 000 units are scheduled for completion by year-end. Development activity also reached record levels with 22 new projects a...
Read More
The UAE real estate market is navigating a transition period as it moves beyond the exceptional momentum of 2025 toward a more measured, mature phase, supported by strong fundamentals and ongoing infrastructure investment, said a Colliers report.
The UAE Real Estate Market Report for Q1 2026 report provides insight into key residential, office and investment trends across Abu Dhabi, Dubai, the Northern Emirates and Al Ain. Across the UAE, performance is increasingly shaped by asset quality, submarket dynamics and evolving investor and occupier behaviour.
Abu Dhabi residential and office market
Abu Dhabi’s real estate market is evolving toward a more balanced and sustainable growth trajectory. On the supply side, the residential sector maintained a steady delivery rhythm in Q1 2026, with approximately 1,200 units added, while a further 7,000 units are scheduled for completion by year-end. Development activity also reached record levels, with 22 new projects a...
Gallega Global Logistics has inaugurated a new 215 000-sq-ft multi-user 3PL Logistics Hub at Dubai s Jebel Ali Free Zone (Jafza) expanding regional logistics capacity and enabling faster more reliable distribution across the UAE and wider GCC. The new facility will support advanced fulfilment through ultra-large multi-user warehousing facilities equipped with integrated management systems flexible storage solutions and technology-enabled logistics services. It is expected to create 200 jobs and enhance access to regional and international markets through Jafza s multimodal trade ecosystem. The opening ceremony was attended by Ghassan Aboud Chairman of Ghassan Aboud Holding and Abdulla Al Hashmi Global COO Parks and Economic Zones DP World alongside a distinguished group of business leaders senior executives and experts from the automotive logistics and global banking sectors. Aboud said: The opening of Gallega s multi-user logistics hub at Jafza ma...
Read More
Gallega Global Logistics has inaugurated a new 215,000-sq-ft multi-user 3PL Logistics Hub at Dubai's Jebel Ali Free Zone (Jafza), expanding regional logistics capacity and enabling faster, more reliable distribution across the UAE and wider GCC.
The new facility will support advanced fulfilment through ultra-large, multi-user warehousing facilities equipped with integrated management systems, flexible storage solutions and technology-enabled logistics services. It is expected to create 200+ jobs and enhance access to regional and international markets through Jafza’s multimodal trade ecosystem.
The opening ceremony was attended by Ghassan Aboud, Chairman of Ghassan Aboud Holding, and Abdulla Al Hashmi, Global COO – Parks and Economic Zones, DP World, alongside a distinguished group of business leaders, senior executives, and experts from the automotive, logistics, and global banking sectors.
Aboud said: “The opening of Gallega’s multi-user logistics hub at Jafza ma...
Saudi Arabia s real estate market experienced strategic recalibration steady structural demand drivers and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year a report said. The Saudi Arabia Real Estate Market Review Q1 report by CBRE Middle East a global leader in commercial real estate said the real estate sector continues to demonstrate strength. Transaction values reached SAR112 billion in Q1 2026 up 6.8% year-on-year supported by improved financing conditions and stronger access to capital. At the same time regulatory reforms including foreign ownership measures and increased market transparency are strengthening institutional participation and aligning the sector with global standards it said. Macroeconomic environment Saudi Arabia s macroeconomic environment in early 2026 reflects a period of adjustment shaped by external pressures and evolving domestic policies...
Read More
Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.
The Saudi Arabia Real Estate Market Review Q1 report by CBRE Middle East, a global leader in commercial real estate, said the real estate sector continues to demonstrate strength. Transaction values reached SAR112 billion in Q1 2026, up 6.8% year-on-year, supported by improved financing conditions and stronger access to capital.
At the same time, regulatory reforms, including foreign ownership measures and increased market transparency are strengthening institutional participation and aligning the sector with global standards, it said.
Macroeconomic environment
Saudi Arabia’s macroeconomic environment in early 2026 reflects a period of adjustment, shaped by external pressures and evolving domestic policies...
International Real Estate Partners (IREP) a global real estate and facilities management operating partner with offices across the UAE has announced a planned leadership succession that will see Kamran Abbas appointed Chief Executive Officer. Kenneth McCrae who has led the firm as Chief Executive Officer will move into the role of Executive Chairman. The appointment follows a deliberate succession process and reflects IREP s continued focus on leadership continuity operational strength and long-term growth across its international platform the company said. Abbas who has served as Chief Financial Officer brings a deep understanding of IREP s business clients markets and growth strategy. In his new role as CEO he will lead the firm s overall strategic direction executive management client engagement and continued expansion across its core service lines and international markets. McCrae will remain closely involved in the business as Executiv...
Read More
International Real Estate Partners (IREP), a global real estate and facilities management operating partner with offices across the UAE, has announced a planned leadership succession that will see Kamran Abbas appointed Chief Executive Officer.
Kenneth McCrae, who has led the firm as Chief Executive Officer, will move into the role of Executive Chairman.
The appointment follows a deliberate succession process and reflects IREP’s continued focus on leadership continuity, operational strength and long-term growth across its international platform, the company said.
Abbas, who has served as Chief Financial Officer, brings a deep understanding of IREP’s business, clients, markets and growth strategy. In his new role as CEO, he will lead the firm’s overall strategic direction, executive management, client engagement and continued expansion across its core service lines and international markets.
McCrae will remain closely involved in the business as Executiv...
Cityscape Global 2026 a leading real estate expo will be back in Riyadh this November bringing together investors developers policymakers and industry leaders from across the globe as Saudi Arabia continues to prioritise investment across key sectors such as urban development infrastructure and entertainment as part of its long-term economic transformation. The event will be held at the Riyadh Exhibition and Convention Centre (Malham) from November 16-19 sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with the Real Estate General Authority (REGA) Vision 2030 the Housing Program and organised by Tahaluf. Cityscape Global brings together the stakeholders property investors developers architects banks and government representatives to expand real estate investment opportunities. On the upcoming event Majed bin Abdullah Al Hogail Minister of Municipalities and Housing Saudi Arabia said: Cityscape Global sup...
Read More
Cityscape Global 2026, a leading real estate expo, will be back in Riyadh this November, bringing together investors, developers, policymakers and industry leaders from across the globe as Saudi Arabia continues to prioritise investment across key sectors such as urban development, infrastructure, and entertainment as part of its long-term economic transformation.
The event will be held at the Riyadh Exhibition and Convention Centre (Malham) from November 16-19, sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with the Real Estate General Authority (REGA), Vision 2030, the Housing Program, and organised by Tahaluf.
Cityscape Global brings together the stakeholders, property investors, developers, architects, banks and government representatives to expand real estate investment opportunities.
On the upcoming event, Majed bin Abdullah Al Hogail, Minister of Municipalities and Housing, Saudi Arabia, said: "Cityscape Global sup...
SAL Logistics Services the national leader in cargo handling logistics solutions and supply chain management in Saudi Arabia has announced the achievement of its HSSE Integrated Management System being triple ISO certified. This accreditation unifies three internationally recognised ISO standards within a cohesive governance framework following a rigorous external audit conducted to the highest global standards. SAL is the first Saudi company in the logistics sector to receive this integrated certification marking a groundbreaking accomplishment in the industry. This achievement was fully realised through the expertise and dedication of the SAL operations team supported by its advanced operational capabilities across its main hubs in various regions of the kingdom. The integrated accreditation encompasses compliance with (ISO 45001) for occupational health and safety (ISO 14001) for environmental management and (ISO 18788) for security op...
Read More
SAL Logistics Services, the national leader in cargo handling, logistics solutions, and supply chain management in Saudi Arabia, has announced the achievement of its HSSE Integrated Management System being triple ISO certified.
This accreditation unifies three internationally recognised ISO standards within a cohesive governance framework, following a rigorous external audit conducted to the highest global standards.
SAL is the first Saudi company in the logistics sector to receive this integrated certification, marking a groundbreaking accomplishment in the industry.
This achievement was fully realised through the expertise and dedication of the SAL operations team, supported by its advanced operational capabilities across its main hubs in various regions of the kingdom.
The integrated accreditation encompasses compliance with (ISO 45001) for occupational health and safety, (ISO 14001) for environmental management, and (ISO 18788) for security op...
Dubai Holding Real Estate one of the largest integrated master developers in Dubai has entered into a strategic partnership with Abu Dhabi Islamic Bank (ADIB) to expand access to Sharia-compliant home financing solutions for eligible customers across Nakheel Meraas and Dubai Properties. The partnership introduces a comprehensive Sharia-compliant dual-track financing framework for both off-plan and completed (handover) properties offering customers a seamless end-to-end homeownership journey. Tailored home finances are available for qualifying off-plan properties and for completed units with competitive profit rates and flexible terms of up to 25 years. The home finance structure that is Sharia-compliant provides buyers with a clear and structured path to off-plan ownership. Payments are aligned to project milestones offering both flexibility and transparency. The result is a more considered and accessible route into Dubai s off-plan market. The agreement bui...
Read More
Dubai Holding Real Estate, one of the largest integrated master developers in Dubai, has entered into a strategic partnership with Abu Dhabi Islamic Bank (ADIB) to expand access to Sharia-compliant home financing solutions for eligible customers across Nakheel, Meraas and Dubai Properties.
The partnership introduces a comprehensive Sharia-compliant dual-track financing framework for both off-plan and completed (handover) properties, offering customers a seamless, end-to-end homeownership journey. Tailored home finances are available for qualifying off-plan properties and for completed units, with competitive profit rates and flexible terms of up to 25 years.
The home finance structure that is Sharia-compliant provides buyers with a clear and structured path to off-plan ownership. Payments are aligned to project milestones, offering both flexibility and transparency. The result is a more considered and accessible route into Dubai’s off-plan market.
The agreement bui...
Oman has promulgated the new Real Estate Registry Law which is a transformative step that advances institutional modernisation and accelerates digital transformation. It also aims to foster a more transparent efficient and trusted real estate ecosystem aligned with evolving technological advancements said a statement. The law comes as part of the Ministry of Housing and Urban Planning s efforts to modernise the real estate documentation and registration system through the adoption of advanced tools and technologies that contribute to accelerating procedures simplifying services and enhancing the reliability of real estate transactions thus positively impacting investors citizens and stakeholders across the sector. Moreover the law represents a significant step forward in the digital transformation of real estate services introducing electronic authentication of real estate transactions. This is expected to expedite transaction processing within record ti...
Read More
Oman has promulgated the new Real Estate Registry Law, which is a transformative step that advances institutional modernisation and accelerates digital transformation.
It also aims to foster a more transparent, efficient, and trusted real estate ecosystem aligned with evolving technological advancements, said a statement.
The law comes as part of the Ministry of Housing and Urban Planning’s efforts to modernise the real estate documentation and registration system through the adoption of advanced tools and technologies that contribute to accelerating procedures, simplifying services, and enhancing the reliability of real estate transactions, thus positively impacting investors, citizens, and stakeholders across the sector.
Moreover, the law represents a significant step forward in the digital transformation of real estate services, introducing electronic authentication of real estate transactions. This is expected to expedite transaction processing within record ti...
Investcorp Holdings a global alternative investment firm based in Bahrain has announced that one of its key units Investcorp Capital an Abu Dhabi-listed alternative investment company has acquired a diversified US industrial real estate portfolio with an aggregate value of more than 200 million. The key portfolio comprises 19 industrial properties totaling approximately 1.4 million sq ft across Dallas Fort Worth Chicago Indianapolis and Cincinnati. Announcing the strategic buy Investcorp said the acquisition reflects Abu Dhabi group s continued focus on deploying capital into high-quality real assets with resilient cash flows and long-term value creation potential. Located in highly accessible logistics and distribution corridors serving both regional and national supply chains the portfolio benefits from high occupancy levels diversified tenancy and exposure to sectors with underlying structural demand drivers it stated. The portfolio is ap...
Read More
Investcorp Holdings, a global alternative investment firm based in Bahrain, has announced that one of its key units, Investcorp Capital, an Abu Dhabi-listed alternative investment company, has acquired a diversified US industrial real estate portfolio with an aggregate value of more than $200 million.
The key portfolio comprises 19 industrial properties totaling approximately 1.4 million sq ft across Dallas–Fort Worth, Chicago, Indianapolis and Cincinnati.
Announcing the strategic buy, Investcorp said the acquisition reflects Abu Dhabi group’s continued focus on deploying capital into high-quality real assets with resilient cash flows and long-term value creation potential.
Located in highly accessible logistics and distribution corridors serving both regional and national supply chains, the portfolio benefits from high occupancy levels, diversified tenancy and exposure to sectors with underlying structural demand drivers, it stated.
The portfolio is ap...
UAE-based Trojan Construction Holding has announced that its key subsidiary - Hi-Tech Concrete Products - has signed an agreement with Abu Dhabi International Pre-Cast Plant (ADIP) to manage and operate a group of precast production facilities in Al Ain thus strengthening capabilities to support infrastructure and construction projects across the UAE. Under the agreement Hi-Tech Concrete Products will assume full operational management of ADIP s precast facilities in Al Ain which include multiple production plants spanning a total area of approximately 179 878 sqm. The scope includes overseeing operations enhancing production capabilities and managing future projects associated with the facilities with the aim of improving efficiency output and long-term value generation. This agreement marks a strategic step in strengthening our integrated construction ecosystem by expanding our operational footprint in the precast segment remarked Eng. Samir Koblawi t...
Read More
UAE-based Trojan Construction Holding has announced that its key subsidiary - Hi-Tech Concrete Products - has signed an agreement with Abu Dhabi International Pre-Cast Plant (ADIP) to manage and operate a group of precast production facilities in Al Ain, thus strengthening capabilities to support infrastructure and construction projects across the UAE.
Under the agreement, Hi-Tech Concrete Products will assume full operational management of ADIP’s precast facilities in Al Ain, which include multiple production plants spanning a total area of approximately 179,878 sqm.
The scope includes overseeing operations, enhancing production capabilities, and managing future projects associated with the facilities, with the aim of improving efficiency, output, and long-term value generation.
"This agreement marks a strategic step in strengthening our integrated construction ecosystem by expanding our operational footprint in the precast segment," remarked Eng. Samir Koblawi, t...
PG Real Estate the boutique developer known for its design-led low-density communities has officially handed over PG One its flagship mixed-use development in Al Furjan marking another major milestone in the company s delivery-focused growth strategy. With an approximate sales value of AED150 million ( 40.84 million) PG One was fully sold out at launch continuing PG Real Estate s track record of achieving complete sell-outs across all projects launched to date. The completed development comprises 113 residential apartments and 8 retail units and has already demonstrated strong post-handover market performance with units in the secondary market commanding notable premiums driven by sustained end-user demand quality execution and high occupancy levels. Located within walking distance from the Discovery Garden metro station this residential tower features studios 1- 2- and 3-bedroom duplex apartments each with its own pool not to mention a communal pool that...
Read More
PG Real Estate, the boutique developer known for its design-led, low-density communities, has officially handed over PG One, its flagship mixed-use development in Al Furjan, marking another major milestone in the company’s delivery-focused growth strategy.
With an approximate sales value of AED150 million ($40.84 million), PG One was fully sold out at launch, continuing PG Real Estate’s track record of achieving complete sell-outs across all projects launched to date.
The completed development comprises 113 residential apartments and 8 retail units, and has already demonstrated strong post-handover market performance, with units in the secondary market commanding notable premiums driven by sustained end-user demand, quality execution, and high occupancy levels. Located within walking distance from the Discovery Garden metro station, this residential tower features studios, 1-, 2- and 3-bedroom duplex apartments, each with its own pool, not to mention a communal pool that...
Dubai Holding Real Estate has announced a strategic partnership with Huspy to provide customers of its brands - Nakheel Meraas and Dubai Properties - with a more seamless and informed home financing experience. Through the partnership customers will gain access to integrated end-to-end mortgage guidance throughout the financing journey leading up to handover. The collaboration is designed to help buyers clearly understand their financing options prepare earlier for key payment milestones and handover requirements and progress through the final stages with greater clarity and confidence said a statement. The initiative will provide dedicated mortgage advisory offering prequalification support and comparative rate insights. Where applicable customers may also benefit from access to preferential mortgage solutions valuation support select fee-related benefits and other partner bank offerings subject to eligibility and lender approval. Khalid Al M...
Read More
Dubai Holding Real Estate has announced a strategic partnership with Huspy to provide customers of its brands - Nakheel, Meraas and Dubai Properties - with a more seamless and informed home financing experience.
Through the partnership, customers will gain access to integrated, end-to-end mortgage guidance throughout the financing journey leading up to handover. The collaboration is designed to help buyers clearly understand their financing options, prepare earlier for key payment milestones and handover requirements, and progress through the final stages with greater clarity and confidence, said a statement.
The initiative will provide dedicated mortgage advisory offering prequalification support and comparative rate insights. Where applicable, customers may also benefit from access to preferential mortgage solutions, valuation support, select fee-related benefits and other partner bank offerings, subject to eligibility and lender approval.
Khalid Al M...
ThinkProp Venture an Abu Dhabi- and Dubai-based real estate training institute of the Advanced Real Estate Services (ADRES) Venture has launched ThinkProp AI Academy a first-of-its-kind initiative in the UAE designed to build real measurable AI-enabled capabilities for real estate and business professionals. ThinkProp AI Academy introduces a structured enablement system that integrates artificial intelligence into every stage of the learning journey from guidance and simulation to assessment and performance measurement. The academy is designed to ensure that learners are not only trained but fully prepared to perform in real-world scenarios a statement said. Developed in line with UAE market needs and global best practices the academy offers specialised courses across real estate sales project management marketing and business operations. Through its partnership with AI CERTs the programme delivers globally recognised certifications while remaining highly re...
Read More
ThinkProp Venture, an Abu Dhabi- and Dubai-based real estate training institute of the Advanced Real Estate Services (ADRES) Venture, has launched ThinkProp AI Academy, a first-of-its-kind initiative in the UAE designed to build real, measurable AI-enabled capabilities for real estate and business professionals.
ThinkProp AI Academy introduces a structured enablement system that integrates artificial intelligence into every stage of the learning journey, from guidance and simulation to assessment and performance measurement. The academy is designed to ensure that learners are not only trained, but fully prepared to perform in real-world scenarios, a statement said.
Developed in line with UAE market needs and global best practices, the academy offers specialised courses across real estate, sales, project management, marketing, and business operations. Through its partnership with AI CERTs, the programme delivers globally recognised certifications while remaining highly re...
As many as 182 usufruct agreements valued at more than OMR37.8 million ( 98.31 million) were signed during the 21st edition of Oman Real Estate Design & Build Exhibition and Conference which concludes today in Muscat. The agreements were signed in cooperation with the Ministry of Health the Ministry of Agriculture Fisheries Wealth and Water Resources the Ministry of Education the Ministry of Social Development and the Small and Medium Enterprises Development Authority covering several vital and development sectors said a statement. The agreements included three usufruct contracts for government use projects under the endowment healthcare initiative Athar covering a total area of 10 850 sq m with investments reaching OMR5.2 million. The projects are located within government and service sites designated for healthcare and supporting services in Muscat Governorate. The conference also witnessed the signing of 22 usufruct agreements for industrial acti...
Read More
As many as 182 usufruct agreements valued at more than OMR37.8 million ($98.31 million) were signed during the 21st edition of Oman Real Estate, Design & Build Exhibition and Conference, which concludes today in Muscat.
The agreements were signed in cooperation with the Ministry of Health, the Ministry of Agriculture, Fisheries Wealth and Water Resources, the Ministry of Education, the Ministry of Social Development, and the Small and Medium Enterprises Development Authority, covering several vital and development sectors, said a statement.
The agreements included three usufruct contracts for government use projects under the endowment healthcare initiative “Athar,” covering a total area of 10,850 sq m with investments reaching OMR5.2 million. The projects are located within government and service sites designated for healthcare and supporting services in Muscat Governorate.
The conference also witnessed the signing of 22 usufruct agreements for industrial acti...
Dubai recorded 44 400 real estate transactions with a combined value of AED139.2 billion ( 37.9 billion) during the first quarter of this year according to a transaction analysis conducted by Whitewill an international luxury real estate agency. The findings point to a market that continues to expand in value supported by steady buyer activity resilient pricing and demand across both emerging and established communities it said. Olga Pankina Chief Operations Officer at Whitewill Dubai said: Dubai has built one of the world s most resilient and internationally attractive real estate sectors supported by strong regulation long-term infrastructure planning and a lifestyle proposition that continues to appeal to global buyers. At Whitewill we are seeing demand across multiple buyer groups from investors and end-users to ultra-high-net-worth individuals seeking prime waterfront branded and lifestyle-led assets. This balance keeps Dubai competitive as bot...
Read More
Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency.
The findings point to a market that continues to expand in value, supported by steady buyer activity, resilient pricing, and demand across both emerging and established communities, it said.
Olga Pankina, Chief Operations Officer at Whitewill Dubai, said: “Dubai has built one of the world’s most resilient and internationally attractive real estate sectors, supported by strong regulation, long-term infrastructure planning, and a lifestyle proposition that continues to appeal to global buyers. At Whitewill, we are seeing demand across multiple buyer groups, from investors and end-users to ultra-high-net-worth individuals seeking prime waterfront, branded, and lifestyle-led assets. This balance keeps Dubai competitive as bot...
DP World and Al Dahra Holding a multinational agribusiness headquartered in Abu Dhabi have signed a memorandum of understanding to explore strategic opportunities aimed at strengthening food security and advancing agri-logistics capabilities across the GCC and globally. The partnership aligns with broader regional efforts to enhance food security and build more resilient and integrated supply chains across the GCC. With the UAE importing approximately 85 90% of its food there is a clear need for resilient supply chains to support long-term food security. The agreement sets out a framework for collaboration on the development of end-to-end supply chain solutions for the efficient movement storage and distribution of food and agricultural commodities leveraging DP World s global logistics infrastructure and Al Dahra s expertise in agricultural production sourcing and procurement. This includes the potential for dedicated logistics and port infrastructure to i...
Read More
DP World and Al Dahra Holding, a multinational agribusiness headquartered in Abu Dhabi, have signed a memorandum of understanding to explore strategic opportunities aimed at strengthening food security and advancing agri-logistics capabilities across the GCC and globally.
The partnership aligns with broader regional efforts to enhance food security and build more resilient and integrated supply chains across the GCC. With the UAE importing approximately 85–90% of its food, there is a clear need for resilient supply chains to support long-term food security.
The agreement sets out a framework for collaboration on the development of end-to-end supply chain solutions for the efficient movement, storage, and distribution of food and agricultural commodities, leveraging DP World’s global logistics infrastructure and Al Dahra’s expertise in agricultural production, sourcing, and procurement.
This includes the potential for dedicated logistics and port infrastructure to i...
The entire construction equipment supply chain was in the limelight in Verona Italy at the 32nd edition of SaMoTer the triennial international construction machinery exhibition. The show which opened on May 7 concluded on Saturday. It was organised at Veronafiere in partnership with UNACEA and CECE. The show welcomed 526 exhibitors (including 124 international from 22 countries). The total exhibition area covered 52 000 sq m comprising six show halls and three outdoor areas. The venues for Special Shows (The Digital Construction Site SaMoTer Arena SaMoTer Forum and the International Meeting Point) hosted more than 56 technical and training meetings including round tables workshops conferences debates and seminars designed to offer comprehensive updates for industry professionals. From earthmoving to hoisting/lifting demolition and drilling not to mention crushing and quarry-construction site vehicles concrete and road-building as...
Read More
The entire construction equipment supply chain was in the limelight in Verona, Italy, at the 32nd edition of SaMoTer, the triennial international construction machinery exhibition.
The show, which opened on May 7 concluded on Saturday. It was organised at Veronafiere in partnership with UNACEA and CECE.
The show welcomed 526 exhibitors (including 124 international from 22 countries). The total exhibition area covered 52,000 sq m, comprising six show halls and three outdoor areas. The venues for Special Shows (The Digital Construction Site, SaMoTer Arena, SaMoTer Forum and the International Meeting Point) hosted more than 56 technical and training meetings, including round tables, workshops, conferences, debates, and seminars, designed to offer comprehensive updates for industry professionals.
From earthmoving to hoisting/lifting, demolition and drilling, not to mention crushing and quarry-construction site vehicles, concrete, and road-building, as...
The real estate sector in Saudi Arabia s Eastern Province has a market size exceeding SAR140 billion ( 37.16 billion) it was revealed at the fourth edition of Saudi Expo Real Estate Development and Ownership (SEREDO 2026). The exhibition held for the first time in the Eastern Province noted that the size of the real estate sector in the Kingdom currently exceeds SAR750 billion. The event showcased real estate projects valued at nearly SAR7 billion including more than 11 000 housing units in the Eastern Province. Organised by Eventify and sponsored by the Ministry of Municipalities and Housing the event attracted a significant number of real estate companies developers investors and visitors from the Eastern Province. The three-day show concluded successfully on May 6. The SEREDO 2026 exhibition featured a series of panel discussions and workshops that focused on the latest trends and innovations in the real estate sector with the participation of a ...
Read More
The real estate sector in Saudi Arabia's Eastern Province has a market size exceeding SAR140 billion ($37.16 billion), it was revealed at the fourth edition of Saudi Expo Real Estate Development and Ownership (SEREDO 2026).
The exhibition, held for the first time in the Eastern Province, noted that the size of the real estate sector in the Kingdom currently exceeds SAR750 billion.
The event showcased real estate projects valued at nearly SAR7 billion including more than 11,000 housing units in the Eastern Province.
Organised by Eventify and sponsored by the Ministry of Municipalities and Housing, the event attracted a significant number of real estate companies, developers, investors, and visitors from the Eastern Province. The three-day show concluded successfully on May 6.
The "SEREDO 2026" exhibition featured a series of panel discussions and workshops that focused on the latest trends and innovations in the real estate sector, with the participation of a ...
Construction on Wynn Al Marjan Island in Ras Al Khaimah continues to progress and the resort is now expected to open next year (2027) said Craig Billings CEO of Wynn Resorts Limited. In his comments on Wynn Resorts financial results for the first quarter ended March 31 2026 Billings said: We are closely monitoring the broader situation in the Gulf region while taking additional precautions to ensure the safety and well-being of our team on the ground. The report said during the first quarter of 2026 the company contributed 100.1 million of cash to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE bringing its life-to-date cash contributions to the project to 1.01 billion. Wynn Al Marjan Island is currently expected to open in 2027 it said. Some published media reports quoted him as saying: We do expect a modest delay in our opening timeline and I expect that we will quantify that in the coming mo...
Read More
Construction on Wynn Al Marjan Island in Ras Al Khaimah continues to progress and the resort is now expected to open next year (2027), said Craig Billings, CEO of Wynn Resorts, Limited.
In his comments on Wynn Resorts' financial results for the first quarter ended March 31, 2026, Billings said: "We are closely monitoring the broader situation in the Gulf region while taking additional precautions to ensure the safety and well-being of our team on the ground."
The report said during the first quarter of 2026, the company contributed $100.1 million of cash to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE, bringing its life-to-date cash contributions to the project to $1.01 billion. Wynn Al Marjan Island is currently expected to open in 2027," it said.
Some published media reports quoted him as saying: "We do expect a modest delay in our opening timeline, and I expect that we will quantify that in the coming mo...
ASMO a joint venture between Aramco and DHL has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK) marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia s energy and industrial sectors. The 1.4 million sq m development is being delivered and funded in partnership with Arcapita Group Holdings Limited a global alternative investment firm following the signing of a long term strategic agreement earlier this year. The facility has been designed to support large scale complex logistics requirements and will include a temperature controlled Grade A logistics warehouse chemical storage offices and staff facilities and an extensive open yard for industrial storage and handling. It is being developed to high technical safety standards incorporating advanced automation and smart warehouse technologies to enhance operational efficiency and scalability. ...
Read More
ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors.
The 1.4 million sq m development is being delivered and funded in partnership with Arcapita Group Holdings Limited, a global alternative investment firm, following the signing of a long term strategic agreement earlier this year.
The facility has been designed to support large scale, complex logistics requirements and will include a temperature controlled Grade A logistics warehouse, chemical storage, offices and staff facilities, and an extensive open yard for industrial storage and handling. It is being developed to high technical, safety, standards, incorporating advanced automation and smart warehouse technologies to enhance operational efficiency and scalability. ...
Ladun Investment Company in consortium with Al Ayuni Investment and Contracting Company has secured a major infrastructure development contract valued at SAR326.7 million ( 87.08 million) according to a Saudi Stock Exchange (Tadawul) filing. The company said the project awarded by the Royal Commission for Riyadh City in consortium covers infrastructure works for the Namar land under Phase One of the Real Estate Balance Program. The project involves the design execution and delivery of infrastructure for a 569 933 sq m land parcel in Namar southwest of Riyadh. Works will include preparation of detailed master plans and executive designs along with the development of road networks water and sewage systems electricity and telecommunications infrastructure. In addition the scope covers the creation of public spaces and parks coordination with utility providers and ensuring the land is fully serviced and ready for handover to citizens. Lad...
Read More
Ladun Investment Company, in consortium with Al Ayuni Investment and Contracting Company, has secured a major infrastructure development contract valued at SAR326.7 million ($87.08 million), according to a Saudi Stock Exchange (Tadawul) filing.
The company said the project, awarded by the Royal Commission for Riyadh City in consortium, covers infrastructure works for the Namar land under Phase One of the Real Estate Balance Program.
The project involves the design, execution, and delivery of infrastructure for a 569,933 sq m land parcel in Namar, southwest of Riyadh. Works will include preparation of detailed master plans and executive designs, along with the development of road networks, water and sewage systems, electricity and telecommunications infrastructure.
In addition, the scope covers the creation of public spaces and parks, coordination with utility providers, and ensuring the land is fully serviced and ready for handover to citizens.
Lad...
SaMoTer 2026 the triennial International Construction Equipment Exhibition opens tomorrow (May 6) at the Verona Exhibition Centre. For four days Veronafiere will be the world capital of mechanisation in the construction industry thanks to attendance by top international brands in the sector. The 32nd edition of the event organised by Veronafiere in partnership with Unacea and Cece confirms its status as a strategic hub for the entire supply chain - from earthmoving to hoisting/lifting demolition and drilling to crushing and quarry/construction site vehicles - as well as concrete the road-building sector without overlooking equipment engine components spare parts logistics services and ICT solutions. The event will see 526 exhibitors (124 international from 22 countries) showcase a range of innovative products. In all 6 show halls and 3 outdoor sections with demo areas hosting dynamic tests offer an overall total of 52 000 sq m. In addition another area of 8...
Read More
SaMoTer 2026, the triennial International Construction Equipment Exhibition, opens tomorrow (May 6) at the Verona Exhibition Centre. For four days, Veronafiere will be the world capital of mechanisation in the construction industry thanks to attendance by top international brands in the sector.
The 32nd edition of the event, organised by Veronafiere in partnership with Unacea and Cece, confirms its status as a strategic hub for the entire supply chain - from earthmoving to hoisting/lifting, demolition and drilling to crushing and quarry/construction site vehicles - as well as concrete, the road-building sector, without overlooking equipment, engine components, spare parts, logistics, services and ICT solutions.
The event will see 526 exhibitors (124 international from 22 countries) showcase a range of innovative products. In all, 6 show halls and 3 outdoor sections with demo areas hosting dynamic tests offer an overall total of 52,000 sq m. In addition, another area of 8...
Saudi Arabia s Sumou Real Estate Company has announced that it had signed a long-term lease development and operation agreement with Saudi Airlines Real Estate Development Company (SARED) for a land plot in Jeddah. The move is aimed at developing an integrated mixed-use project on the 78 374 sq m site located in the southwestern corner of a master-planned area said Sumou in its bourse filing. Under the agreement the annual rental value is set at SAR11.76 million ( 3.13 million). Rent will increase every five years at an average rate of 21% it stated. Payments will commence upon the issuance of building permits or after 18 months from the signing date whichever comes first. Sumou said the financial impact of the project is expected to begin once the land is received. -TradeArabia News Service ...
Read More
Saudi Arabia’s Sumou Real Estate Company has announced that it had signed a long-term lease, development and operation agreement with Saudi Airlines Real Estate Development Company (SARED) for a land plot in Jeddah.
The move is aimed at developing an integrated mixed-use project on the 78,374 sq m site located in the southwestern corner of a master-planned area, said Sumou in its bourse filing.
Under the agreement, the annual rental value is set at SAR11.76 million ($3.13 million). Rent will increase every five years at an average rate of 21%, it stated.
Payments will commence upon the issuance of building permits or after 18 months from the signing date, whichever comes first.
Sumou said the financial impact of the project is expected to begin once the land is received.-TradeArabia News Service
...The Saudi Real Estate Development and Ownership Exhibition (SEREDO 2026) opened in Dammam on Monday with the participation of public entities key developers financing institutions and real estate experts. The three-day event is being held at the Al-Darah Hall in Dammam under the patronage of the Ministry of Municipalities and Housing. The ministry s Assistant Deputy Minister of Residential Supply Stimulus & Real Estate Develop Eng Abdulmohsin Al-Jammaz inaugurated the exhibition in the presence of Eng Faris Al-Areej the Secretariat s Undersecretary for Housing and Development several representatives of relevant government agencies a select group of real estate developers financing entities and experts and specialists in the real estate and investment fields. In its fourth edition SEREDO serves as a specialised platform showcasing the latest trends in the Kingdom s real estate market. It highlights investment opportunities and flagship projects ...
Read More
The Saudi Real Estate Development and Ownership Exhibition (SEREDO 2026) opened in Dammam on Monday with the participation of public entities, key developers, financing institutions, and real estate experts.
The three-day event is being held at the Al-Darah Hall in Dammam under the patronage of the Ministry of Municipalities and Housing.
The ministry's Assistant Deputy Minister of Residential Supply Stimulus & Real Estate Develop, Eng Abdulmohsin Al-Jammaz, inaugurated the exhibition in the presence of Eng Faris Al-Areej, the Secretariat's Undersecretary for Housing and Development, several representatives of relevant government agencies, a select group of real estate developers, financing entities, and experts and specialists in the real estate and investment fields.
In its fourth edition, SEREDO serves as a specialised platform showcasing the latest trends in the Kingdom’s real estate market. It highlights investment opportunities and flagship projects ...
Across the Gulf s glittering skylines where cranes signal progress and megaprojects reshape the horizon a more subdued story is taking shape beneath the surface. Rising inflation supply chain disruptions and broader global uncertainty are steadily driving up living costs placing increasing pressure on construction professionals writes Matt Doran Senior Regional Manager MENA Chartered Institute of Building (CIOB): In the Gulf region I have the privilege of engaging daily with construction professionals who are building some of the world s most ambitious projects. Yet behind the cranes and skylines there is a quieter reality emerging - one shaped by rising costs and economic uncertainty. In recent months through CIOB Assist a fund to help CIOB members and their families when life gets tough we have seen around 80 requests for support from our members across the Middle East. The stories behind these applications reveal just how complex tough has become.&...
Read More
Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals, writes Matt Doran, Senior Regional Manager MENA, Chartered Institute of Building (CIOB):
In the Gulf region, I have the privilege of engaging daily with construction professionals who are building some of the world’s most ambitious projects. Yet behind the cranes and skylines, there is a quieter reality emerging - one shaped by rising costs and economic uncertainty.
In recent months, through CIOB Assist, a fund to help CIOB members and their families when life gets tough, we have seen around 80 requests for support from our members across the Middle East. The stories behind these applications reveal just how complex “tough” has become.&...
Across the Gulf s glittering skylines where cranes signal progress and megaprojects reshape the horizon a more subdued story is taking shape beneath the surface. Rising inflation supply chain disruptions and broader global uncertainty are steadily driving up living costs placing increasing pressure on construction professionals writes Matt Doran Senior Regional Manager MENA Chartered Institute of Building (CIOB): In the Gulf region I have the privilege of engaging daily with construction professionals who are building some of the world s most ambitious projects. Yet behind the cranes and skylines there is a quieter reality emerging - one shaped by rising costs and economic uncertainty. In recent months through CIOB Assist a fund to help CIOB members and their families when life gets tough we have seen around 80 requests for support from our members across the Middle East. The stories behind these applications reveal just how complex tough has become.&...
Read More
Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals, writes Matt Doran, Senior Regional Manager MENA, Chartered Institute of Building (CIOB):
In the Gulf region, I have the privilege of engaging daily with construction professionals who are building some of the world’s most ambitious projects. Yet behind the cranes and skylines, there is a quieter reality emerging - one shaped by rising costs and economic uncertainty.
In recent months, through CIOB Assist, a fund to help CIOB members and their families when life gets tough, we have seen around 80 requests for support from our members across the Middle East. The stories behind these applications reveal just how complex “tough” has become.&...
AD Ports Group has announced that it has signed an agreement with Azerbaijan Transport and Communications Holding (Azcon Holding) to explore strategic collaboration across ports shipping logistics and digital trade solutions in the energy-rich Caucasian country. The MoU establishes a strategic framework for co-operation between the parties to explore investment opportunities and advance collaboration in integrated transport and logistics infrastructure including maritime and digital solutions in Azerbaijan. This collaboration comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force on 15 April 2026. The agreement will accelerate bilateral trade flows create new opportunities for investments and joint-ventures and enhance market access and global reach for exporters in both countries by eliminating or reducing tariffs on the majority of goods and services in addition to enhancing private-sector collaboration and ...
Read More
AD Ports Group has announced that it has signed an agreement with Azerbaijan Transport and Communications Holding (Azcon Holding) to explore strategic collaboration across ports, shipping, logistics, and digital trade solutions in the energy-rich Caucasian country.
The MoU establishes a strategic framework for co-operation between the parties to explore investment opportunities and advance collaboration in integrated transport and logistics infrastructure, including maritime and digital solutions in Azerbaijan.
This collaboration comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force on 15 April 2026. The agreement will accelerate bilateral trade flows, create new opportunities for investments and joint-ventures, and enhance market access and global reach for exporters in both countries by eliminating or reducing tariffs on the majority of goods and services, in addition to enhancing private-sector collaboration and ...
Majority of construction professionals (58%) believe AI could help reduce workload across their two biggest challenges - keeping projects on schedule and managing mid-project changes - while 65% believe AI could streamline their biggest administrative time drains according to a new research by PlanRadar a leading platform for 360 digital documentation communication and reporting in construction facility management and real estate projects. Among surveyed respondents in Saudi Arabia and the UAE the main barrier to wider AI adoption is not fear of job loss but confidence in how AI is applied in day-to-day project workflows and how easily teams can adopt it. In Saudi Arabia 63% cite accuracy and trust in AI recommendations as their main concern followed by the learning curve or complexity of adoption at 33% and data privacy and security at 26%. In the UAE 59% cite accuracy and trust as their main concern followed by learning curve or complexity ...
Read More
Majority of construction professionals (58%) believe AI could help reduce workload across their two biggest challenges - keeping projects on schedule and managing mid-project changes - while 65% believe AI could streamline their biggest administrative time drains, according to a new research by PlanRadar, a leading platform for 360° digital documentation, communication and reporting in construction, facility management and real estate projects.
Among surveyed respondents in Saudi Arabia and the UAE, the main barrier to wider AI adoption is not fear of job loss, but confidence in how AI is applied in day-to-day project workflows and how easily teams can adopt it.
In Saudi Arabia, 63% cite accuracy and trust in AI recommendations as their main concern, followed by the learning curve or complexity of adoption at 33% and data privacy and security at 26%.
In the UAE, 59% cite accuracy and trust as their main concern, followed by learning curve or complexity ...
Oman s Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed investment agreements worth more than RO200 million ( 519 million) to establish a portfolio of industrial projects across the Special Economic Zone at Duqm (SEZAD) Salalah Free Zone and Khazaen Economic City thus reinforcing the Sultanate of Oman s push to deepen industrial diversification and localise high-value manufacturing said a report . The investment agreements cover projects across key economic sectors including EV batteries specialized steel cement and pipe manufacturing as well as glue production tile cutting and processing in addition to a pharmaceutical warehouse according to the Oman News Agency . Qais Al Yousef chairman of OPAZ affirmed that the signing of these agreements represent an important step toward enhancing economic diversification across the governorates and reinforcing Oman s position as a regional hub for high-quality investments. ...
Read More
Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed investment agreements worth more than RO200 million ($519 million) to establish a portfolio of industrial projects across the Special Economic Zone at Duqm (SEZAD), Salalah Free Zone and Khazaen Economic City, thus reinforcing the Sultanate of Oman’s push to deepen industrial diversification and localise high-value manufacturing said a report.
The investment agreements cover projects across key economic sectors, including EV batteries, specialized steel, cement, and pipe manufacturing, as well as glue production, tile cutting and processing, in addition to a pharmaceutical warehouse, according to the Oman News Agency.
Qais Al Yousef, chairman of OPAZ, affirmed that the signing of these agreements “represent an important step toward enhancing economic diversification across the governorates and reinforcing Oman’s position as a regional hub for high-quality investments.
...
A significant workforce shortage threatens the MENA region s ability to deliver critical infrastructure projects by 2035 says a new report. According to Project Management Institute s (PMI) latest report The Construction Project Management Talent Gap the region is projected to require up to 330 794 construction project management professionals under a high-growth scenario by 2035 marking a 32 per cent increase in projected demand compared to 2025 levels. However the talent gap could leave MENA with a shortfall of 111 737 professionals potentially stalling ambitious regional projects unless decisive actions are taken to address recruitment development and retention challenges it said. As MENA countries continue to make transformative investments in infrastructure energy transition and sustainable urban development including UAE s smart cities KSA s Vision 2030 and Egypt s mega-projects bridging this talent gap will be vital to maintaining mome...
Read More
A significant workforce shortage threatens the MENA region's ability to deliver critical infrastructure projects by 2035, says a new report.
According to Project Management Institute's (PMI) latest report, "The Construction Project Management Talent Gap", the region is projected to require up to 330,794 construction project management professionals under a high-growth scenario by 2035, marking a 32 per cent increase in projected demand compared to 2025 levels.
However, the talent gap could leave MENA with a shortfall of 111,737 professionals, potentially stalling ambitious regional projects unless decisive actions are taken to address recruitment, development, and retention challenges, it said.
As MENA countries continue to make transformative investments in infrastructure, energy transition, and sustainable urban development, including UAE's smart cities, KSA's Vision 2030, and Egypt's mega-projects, bridging this talent gap will be vital to maintaining mome...
Al Rajhi Capital a leading financial services provider in Saudi Arabia has announced a collaboration with top ratings agency S&P Global to produce the Al Rajhi Capital Saudi Construction Index a new high-frequency indicator designed to track changes in business conditions across Saudi Arabia s construction sector. Developed and operated by the Market Intelligence division within S&P Global this new Index is designed to serve as a macroeconomic indicator and is intended to provide businesses investors and policymakers with a timely and standardised measure of current conditions across the sector. It will track changes in a range of operating indicators including new orders business activity input costs supplier delivery times and subcontractor availability. The release will also include selected segment-level indicators covering areas such as residential non-residential and infrastructure activity. The launch comes at a significant stage in...
Read More
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has announced a collaboration with top ratings agency S&P Global to produce the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across Saudi Arabia’s construction sector.
Developed and operated by the Market Intelligence division within S&P Global, this new Index is designed to serve as a macroeconomic indicator and is intended to provide businesses, investors and policymakers with a timely and standardised measure of current conditions across the sector.
It will track changes in a range of operating indicators, including new orders, business activity, input costs, supplier delivery times and subcontractor availability. The release will also include selected segment-level indicators covering areas such as residential, non-residential and infrastructure activity.
The launch comes at a significant stage in...
Aldar has acquired an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi KEZAD Group for AED650 million ( 176.99 million). The transaction adds 163 000 sq m of modern income-generating industrial and logistics space to Aldar s growing platform and builds on the company s deepening presence within KEZAD. The transaction comprises three purpose-built multi-let warehouses within KEZAD s Al Ma mourah cluster. The assets are 97 percent occupied with a diverse base of 80 tenants spanning food and beverage FMCG logistics manufacturing and technology services with anchor tenants including DHL Spinneys and Noatum Logistics. Aldar will assume responsibility for asset management leasing and property management of the assets. The acquisition follows Aldar s purchase of the Noon and Emtelle warehouses at KEZAD in November 2025 and reflects the company s continued confidence in the structural strength...
Read More
Aldar has acquired an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group for AED650 million ($176.99 million).
The transaction adds 163,000 sq m of modern, income-generating industrial and logistics space to Aldar's growing platform and builds on the company's deepening presence within KEZAD.
The transaction comprises three purpose-built, multi-let warehouses within KEZAD's Al Ma'mourah cluster.
The assets are 97 percent occupied with a diverse base of 80 tenants spanning food and beverage, FMCG, logistics, manufacturing, and technology services, with anchor tenants including DHL, Spinneys, and Noatum Logistics. Aldar will assume responsibility for asset management, leasing, and property management of the assets.
The acquisition follows Aldar's purchase of the Noon and Emtelle warehouses at KEZAD in November 2025 and reflects the company's continued confidence in the structural strength...
HFCL a leading global provider of next-generation communications technologies has announced the availability of its IO portfolio in Kuwait through Alghanim Engineering Enterprise Solutions a part of Alghanim Industries (Kutayba Alghanim Group) a leading engineering solutions provider specializing in integrated ICT connectivity and technology-driven solutions across key industry sectors. The introduction of HFCL s IO portfolio brings advanced wireless broadband and networking solutions to the Kuwaiti market addressing the growing demand for high-performance connectivity smart infrastructure and digital network solutions aligned with the country s ongoing development and modernisation initiatives. These solutions are well positioned to support projects across construction oil & gas utilities transport infrastructure and large-scale enterprise environments where reliable and scalable communications networks are increasingly critical. This initiat...
Read More
HFCL, a leading global provider of next-generation communications technologies, has announced the availability of its IO portfolio in Kuwait through Alghanim Engineering – Enterprise Solutions, a part of Alghanim Industries (Kutayba Alghanim Group), a leading engineering solutions provider specializing in integrated ICT, connectivity, and technology-driven solutions across key industry sectors.
The introduction of HFCL’s IO portfolio brings advanced wireless, broadband, and networking solutions to the Kuwaiti market, addressing the growing demand for high-performance connectivity, smart infrastructure, and digital network solutions aligned with the country’s ongoing development and modernisation initiatives.
These solutions are well positioned to support projects across construction, oil & gas, utilities, transport infrastructure, and large-scale enterprise environments, where reliable and scalable communications networks are increasingly critical.
This initiat...
Casagrand a leading real estate developer in India has commenced construction work on Casagrand Hermina at Dubai Islands marking a significant milestone in the delivery of its debut residential development in the UAE. Luthfullah K Director Dubai Casagrand said: The commencement of construction at Casagrand Hermina is a defining milestone for us in Dubai. It marks the moment where intent becomes reality with visible progress now taking shape on the ground. What makes this phase especially exciting is the strength of investor confidence behind it. We are seeing clear conviction in both the asset and the market with decisions being driven by quality location and developer credibility. The rise in bulk acquisitions and repeat participation reflects that confidence in a very tangible way.. While this is Casagrand s first project in Dubai the developer brings more than two decades of experience and a track record of over 160 delivered developments ac...
Read More
Casagrand, a leading real estate developer in India, has commenced construction work on Casagrand Hermina at Dubai Islands, marking a significant milestone in the delivery of its debut residential development in the UAE.
Luthfullah K, Director, Dubai, Casagrand, said: “The commencement of construction at Casagrand Hermina is a defining milestone for us in Dubai. It marks the moment where intent becomes reality, with visible progress now taking shape on the ground.
“What makes this phase especially exciting is the strength of investor confidence behind it. We are seeing clear conviction in both the asset and the market, with decisions being driven by quality, location, and developer credibility. The rise in bulk acquisitions and repeat participation reflects that confidence in a very tangible way..”
While this is Casagrand’s first project in Dubai, the developer brings more than two decades of experience and a track record of over 160 delivered developments ac...
The UAE s real estate market remained resilient in the first quarter of the year despite heightened regional geopolitical tensions and a softer economic outlook said a new report from CBRE Middle East. The UAE s GDP growth outlook for 2026 has been revised to 0.3% reflecting the impact of regional geopolitical disruptions logistical constraints and a slowdown across selected non-oil sectors. However despite this tempered outlook the broader economy is cushioned from more severe near-term impacts by contained inflation strong liquidity and proactive policy support. Regional financial markets in particular have demonstrated a recovery with USD-denominated GCC bonds regaining over half their late-February losses and credit spreads tightening due to emerging geopolitical optimism. Office market Office markets across Dubai and Abu Dhabi remained tight during the quarter supported by limited new supply deliveries said CBRE Middle Eas...
Read More
The UAE’s real estate market remained resilient in the first quarter of the year despite heightened regional geopolitical tensions and a softer economic outlook, said a new report from CBRE Middle East.
The UAE’s GDP growth outlook for 2026 has been revised to 0.3%, reflecting the impact of regional geopolitical disruptions, logistical constraints, and a slowdown across selected non-oil sectors. However, despite this tempered outlook, the broader economy is cushioned from more severe near-term impacts by contained inflation, strong liquidity, and proactive policy support.
Regional financial markets, in particular, have demonstrated a recovery, with USD-denominated GCC bonds regaining over half their late-February losses and credit spreads tightening due to emerging geopolitical optimism.
Office market
Office markets across Dubai and Abu Dhabi remained tight during the quarter, supported by limited new supply deliveries, said CBRE Middle Eas...
ACICO Group a full-service multi-sector construction group based in Kuwait has announced that it has returned to profitability with a KD2.9 million ( 9.4 million) net profit in 2025 compared with a net loss of KD11.2 million a year earlier reflecting progress in its restructuring plan aimed at restoring profitability and improving operational efficiency. Its operating revenue rose 14% year-on-year to KD75.6 million supported by stronger performance across its construction and building materials segments. The contracting division recorded the fastest growth with revenue doubling from the previous year said senior company officials at the annual general meeting held in Kuwait City. As part of its restructuring ACICO booked gains of KD9.7 million from loan settlements and reduced on-balance-sheet debt by KD69.4 million dinars strengthening its capital structure said its Chairman Emad Abdullah Al Essa at the board meeting. Total equity increased ...
Read More
ACICO Group, a full-service, multi-sector construction group based in Kuwait, has announced that it has returned to profitability with a KD2.9 million ($9.4 million) net profit in 2025 compared with a net loss of KD11.2 million a year earlier, reflecting progress in its restructuring plan, aimed at restoring profitability and improving operational efficiency.
Its operating revenue rose 14% year-on-year to KD75.6 million, supported by stronger performance across its construction and building materials segments.
The contracting division recorded the fastest growth, with revenue doubling from the previous year, said senior company officials at the annual general meeting held in Kuwait City.
As part of its restructuring, ACICO booked gains of KD9.7 million from loan settlements and reduced on-balance-sheet debt by KD69.4 million dinars, strengthening its capital structure, said its Chairman Emad Abdullah Al Essa at the board meeting.
Total equity increased ...
Dubai s real estate market recorded 3 308 resale transactions worth AED15.39 billion ( 4.19 billion) in March delivering a net gain of AED4.6 billion for long-term investors. A market analysis issued today by fäm Properties also revealed that 36 658 residential tenancy contracts worth AED3.16 billion were registered during the month two-thirds of which were renewals. Data from DXBinteract meanwhile showed that average rents for new residential contracts rose 7% year-on-year in March led by the villa segment where rents surged 15.9%. The first two months of the year were very strong and despite the current regional tensions March has produced some genuinely positive results said Firas Al Msaddi CEO of fäm Properties. Q2 transaction volumes will give us a clearer picture of any sustained impact on the market from geopolitical events but we are continuing to see strong interest in Dubai real estate particularly from end users and long-term investor...
Read More
Dubai's real estate market recorded 3,308 resale transactions worth AED15.39 billion ($4.19 billion) in March, delivering a net gain of AED4.6 billion for long-term investors.
A market analysis issued today by fäm Properties also revealed that 36,658 residential tenancy contracts worth AED3.16 billion were registered during the month, two-thirds of which were renewals.
Data from DXBinteract, meanwhile, showed that average rents for new residential contracts rose 7% year-on-year in March, led by the villa segment where rents surged 15.9%.
"The first two months of the year were very strong, and despite the current regional tensions, March has produced some genuinely positive results," said Firas Al Msaddi, CEO of fäm Properties.
"Q2 transaction volumes will give us a clearer picture of any sustained impact on the market from geopolitical events, but we are continuing to see strong interest in Dubai real estate, particularly from end users and long-term investor...
Dubai Holding Real Estate and Emirates NBD a leading banking group in the Middle East North Africa and Türkiye (MENAT) region have signed a memorandum of understanding to introduce integrated mortgage financing solutions for off-plan residential developments across Meraas Nakheel and Dubai Properties. The partnership marks a significant evolution in the off-plan homebuying journey in Dubai enabling eligible customers to access tailored mortgage solutions from the initial stages of their off-plan purchase. By embedding structured financing directly within the sales process the initiative provides early-stage clarity on affordability competitive rates and a more seamless path from booking through to handover. Available to both UAE residents and non-residents subject to approval the initiative is designed to enhance transparency and reduce uncertainty for buyers while supporting responsible and sustainable growth across Dubai s real estate sector. Going bey...
Read More
Dubai Holding Real Estate and Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have signed a memorandum of understanding to introduce integrated mortgage financing solutions for off-plan residential developments across Meraas, Nakheel and Dubai Properties.
The partnership marks a significant evolution in the off-plan homebuying journey in Dubai, enabling eligible customers to access tailored mortgage solutions from the initial stages of their off-plan purchase. By embedding structured financing directly within the sales process, the initiative provides early-stage clarity on affordability, competitive rates, and a more seamless path from booking through to handover.
Available to both UAE residents and non-residents, subject to approval, the initiative is designed to enhance transparency and reduce uncertainty for buyers, while supporting responsible and sustainable growth across Dubai’s real estate sector.
Going bey...
Sales transactions in Dubai s retail real estate market climbed almost 50% year-on-year to AED4.6 billion in 2025 says leading real estate advisory group and property consultancy Cavendish Maxwell. Around 1 450 sales were secured last year a 7.6% increase on 2024 with the off-plan sector accounting for more than half of them. Off-plan sales transactions have surged more than 830% in the last five years rising from 79 in 2021 to nearly 740 in 2025 stated Cavendish Maxwell in its latest insight into Dubai s retail and warehousing sectors. In the retail rental market the number of lease renewals rose by 6.5% in 2025 while new leases were down 15.7% highlighting tenant preferences to stay in existing premises because of limited new availability at prime locations. Rental costs were up an average 7.1% - and by as much as 15% in some areas driven by growth in community retail and steady performance across large scale retail destination...
Read More
Sales transactions in Dubai’s retail real estate market climbed almost 50% year-on-year to AED4.6 billion in 2025, says leading real estate advisory group and property consultancy, Cavendish Maxwell.
Around 1,450 sales were secured last year – a 7.6% increase on 2024 – with the off-plan sector accounting for more than half of them.
Off-plan sales transactions have surged more than 830% in the last five years, rising from 79 in 2021 to nearly 740 in 2025, stated Cavendish Maxwell in its latest insight into Dubai’s retail and warehousing sectors.
In the retail rental market, the number of lease renewals rose by 6.5% in 2025, while new leases were down 15.7%, highlighting tenant preferences to stay in existing premises because of limited new availability at prime locations.
Rental costs were up an average 7.1% - and by as much as 15% in some areas, driven by growth in community retail and steady performance across large scale retail destination...
The northern emirate of Ajman has recorded a notable increase in the number of real estate valuation transactions during the first quarter of this year with growth reaching 63% totalling AED2.92 billion ( 795 million) across 961 transactions reported Wam citing a senior government official. The valuation transactions for real estate project units reached 293 transactions with a total value of AED188.2 million up 71% compared to the same period last year stated Engineer Omar bin Omair Al Muhairi Director General of the Department of Land and Real Estate Regulation. The data in the quarterly real estate report reflects the positive performance of Ajman s real estate market and highlights the growing volume of investments supported by a competitive environment and a flexible investment strategy that enhances investor confidence in the emirate. Al Muhairi said the registration of 434 real estate valuation transactions related to investor Golden Re...
Read More
The northern emirate of Ajman has recorded a notable increase in the number of real estate valuation transactions during the first quarter of this year, with growth reaching 63%, totalling AED2.92 billion ($795 million) across 961 transactions, reported Wam, citing a senior government official.
The valuation transactions for real estate project units reached 293 transactions, with a total value of AED188.2 million, up 71% compared to the same period last year, stated Engineer Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation.
The data in the quarterly real estate report reflects the positive performance of Ajman’s real estate market and highlights the growing volume of investments, supported by a competitive environment and a flexible investment strategy that enhances investor confidence in the emirate.
Al Muhairi said the registration of 434 real estate valuation transactions related to investor Golden Re...
Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ( 1.36 billion) in Dubai s real estate sector underlining its confidence in the emirate s investment outlook. The investment will fund the development of a new commercial tower in Al Habtoor City the group s flagship mixed-use destination located on Sheikh Zayed Road one of Dubai s main business corridors. According to the group the tower will be built to international premium construction standards and is expected to become a new addition to Dubai s expanding skyline strengthening the city s position as a global centre for real estate commerce and urban development. Al Habtoor City is one of Dubai s most prominent integrated destinations bringing together luxury living world-class hospitality and a rich mix of entertainment and cultural offerings within a fully developed urban environment that reflects the emirate s modern lifestyle. The company said this p...
Read More
Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ($1.36 billion) in Dubai’s real estate sector, underlining its confidence in the emirate’s investment outlook.
The investment will fund the development of a new commercial tower in Al Habtoor City, the group’s flagship mixed-use destination located on Sheikh Zayed Road, one of Dubai’s main business corridors.
According to the group, the tower will be built to international premium construction standards and is expected to become a new addition to Dubai’s expanding skyline, strengthening the city’s position as a global centre for real estate, commerce and urban development.
Al Habtoor City is one of Dubai’s most prominent integrated destinations, bringing together luxury living, world-class hospitality, and a rich mix of entertainment and cultural offerings within a fully developed urban environment that reflects the emirate’s modern lifestyle.
The company said this p...
Leading real estate companies developers investors and financial institutions as well as government agencies will be in Saudi city of Dammam for the fourth edition of the Saudi Expo Real Estate Development & Ownership (Seredo 2026) which opens next month. To be held under the patronage of Minister of Municipalities and Housing from May 4 to 6 the event will see developers showcase some of their latest residential projects along with financing real estate companies developers bankers and investors. The three-day expo aims to strengthen local and international partnerships explore the many promising investment opportunities in the Eastern Province and keep pace with its urban development. Princess Deena bint Saud bin Abdulaziz Chairwoman of the Board of Directors of Seredo 2026 confirmed that the exhibition will present a detailed information of the latest developments in the real estate market in the Kingdom especially in the Eastern Province which is...
Read More
Leading real estate companies, developers, investors and financial institutions as well as government agencies will be in Saudi city of Dammam for the fourth edition of the Saudi Expo Real Estate Development & Ownership (Seredo 2026) which opens next month.
To be held under the patronage of Minister of Municipalities and Housing from May 4 to 6, the event will see developers showcase some of their latest residential projects along with financing real estate companies, developers, bankers and investors.
The three-day expo aims to strengthen local and international partnerships, explore the many promising investment opportunities in the Eastern Province, and keep pace with its urban development.
Princess Deena bint Saud bin Abdulaziz, Chairwoman of the Board of Directors of Seredo 2026, confirmed that the exhibition will present a detailed information of the latest developments in the real estate market in the Kingdom, especially in the Eastern Province, which is...
The UAE real estate services market is projected to grow from AED74.53 billion in 2026 to AED97.60 billion ( 26.41 billion) by 2031 expanding at a compound annual growth rate (CAGR) of 5.54% according to a new study. The report by market intelligence platform Mordor Intelligence highlights Dubai s dominant market role with the emirate accounting for 58.4% of total UAE real estate services revenue in 2025 underlining its continued leadership within the national property landscape. The UAE s real estate sector continues to demonstrate strong long-term momentum reinforcing the country s position as one of the world s most attractive investment destinations despite short-term regional and global uncertainties. This sustained growth reflects the UAE s strong market fundamentals supported by ongoing population growth foreign direct investment infrastructure expansion and the continued global appeal of Dubai as a secure hub for wealth preservation and real estate ...
Read More
The UAE real estate services market is projected to grow from AED74.53 billion in 2026 to AED97.60 billion ($26.41 billion) by 2031, expanding at a compound annual growth rate (CAGR) of 5.54%, according to a new study.
The report by market intelligence platform Mordor Intelligence highlights Dubai’s dominant market role, with the emirate accounting for 58.4% of total UAE real estate services revenue in 2025, underlining its continued leadership within the national property landscape.
The UAE’s real estate sector continues to demonstrate strong long-term momentum, reinforcing the country’s position as one of the world’s most attractive investment destinations despite short-term regional and global uncertainties.
This sustained growth reflects the UAE’s strong market fundamentals, supported by ongoing population growth, foreign direct investment, infrastructure expansion and the continued global appeal of Dubai as a secure hub for wealth preservation and real estate ...
UAE banks viability ratings could face risks from asset-quality deterioration under Fitch Ratings adverse scenario in which effects from the Iran conflict are significantly more severe than under Fitch s base case with real estate lending the most likely source of stress. In addition to asset quality strains lower business volumes and higher impairments under the adverse scenario would both reduce profitability feeding through to weaker capital buffers. Banks could also face liquidity pressure and deposit outflows but Fitch expects the UAE authorities to provide ordinary liquidity support if needed as underlined by the precautionary support package recently announced by the Central Bank of the UAE. The central bank has also announced the possible introduction of regulatory forbearance for banks if asset quality deteriorates sharply although this short-term protection potentially backloads higher provisions and losses further into the future. Ri...
Read More
UAE banks’ viability ratings could face risks from asset-quality deterioration under Fitch Ratings’ adverse scenario, in which effects from the Iran conflict are significantly more severe than under Fitch’s base case, with real estate lending the most likely source of stress.
In addition to asset quality strains, lower business volumes and higher impairments under the adverse scenario would both reduce profitability, feeding through to weaker capital buffers.
Banks could also face liquidity pressure and deposit outflows, but Fitch expects the UAE authorities to provide ordinary liquidity support if needed, as underlined by the precautionary support package recently announced by the Central Bank of the UAE.
The central bank has also announced the possible introduction of regulatory forbearance for banks if asset quality deteriorates sharply, although this short-term protection potentially backloads higher provisions and losses further into the future.
Ri...
Sharakat a leading entity in the water sector in the Kingdom of Saudi Arabia has announced that Jaarana Strategic Storage Project has achieved a key milestone by clocking 4.9 million safe working hours without a Lost Time Injury (LTI). Located in the Makkah region the Juranah ISWR project is being implemented on a build-own-operate-transfer (BOOT) model by the winning consortium of Saudi-based Vision International Investment Company Abu Dhabi National Energy Company (Taqa) and Kuwait-based Gulf Investment Corporation. The project scope also involves the complete development works on the project including the water reservoir and its associated infrastructure facilities. The project a first of its kind in Saudi Arabia with private sector participation is being developed at an investment of AED1.5 billion ( 400 million) and once operational it will cater to the Makkah region remarked its CEO Engineer Khaled Alqureshi after an inspection tour of the Juranah I...
Read More
Sharakat, a leading entity in the water sector in the Kingdom of Saudi Arabia, has announced that Jaarana Strategic Storage Project has achieved a key milestone by clocking 4.9 million safe working hours without a Lost Time Injury (LTI).
Located in the Makkah region, the Juranah ISWR project is being implemented on a build-own-operate-transfer (BOOT) model by the winning consortium of Saudi-based Vision International Investment Company, Abu Dhabi National Energy Company (Taqa) and Kuwait-based Gulf Investment Corporation.
The project scope also involves the complete development works on the project, including the water reservoir and its associated infrastructure facilities.
The project, a first of its kind in Saudi Arabia with private sector participation, is being developed at an investment of AED1.5 billion ($400 million) and once operational, it will cater to the Makkah region," remarked its CEO Engineer Khaled Alqureshi after an inspection tour of the Juranah I...
ALEC Holdings a leading diversified engineering and construction group operating in the UAE and Saudi Arabia had mobilised its work-force for the Ramadan Donation Drive initiative thus contributing to family support and relief programmes. The initiative brought together more than 1 400 employees subcontractors and partners across the Group s operations reflecting a collective commitment to making a meaningful difference. The company distributed 28 500 hygiene care packages to construction workers across its UAE project sites. John Deeb Chief Operating Officer & Chief Financial Officer said: The blue-collar workforce is the silent force behind the environments and infrastructure we shape every day. This is one small but meaningful way we ensure that every individual on our sites feels seen respected and cared for. ALEC Holdings also contributed AED185 000 towards health programmes supporting workers in the UAE as well as communitie...
Read More
ALEC Holdings, a leading diversified engineering and construction group operating in the UAE, and Saudi Arabia, had mobilised its work-force for the Ramadan Donation Drive initiative, thus contributing to family support and relief programmes.
The initiative brought together more than 1,400 employees, subcontractors, and partners across the Group’s operations, reflecting a collective commitment to making a meaningful difference. The company distributed 28,500 hygiene care packages to construction workers across its UAE project sites.
John Deeb, Chief Operating Officer & Chief Financial Officer, said: "The blue-collar workforce is the silent force behind the environments and infrastructure we shape every day. This is one small but meaningful way we ensure that every individual on our sites feels seen, respected, and cared for."
ALEC Holdings also contributed AED185,000 towards health programmes supporting workers in the UAE, as well as communitie...
Dubai South the largest single-urban master development focused on aviation logistics and real estate has welcomed a new distribution facility by Hellmann Calipar Healthcare Logistics (HCHL) at its Logistics District. With this addition Hellmann expands its presence to five distribution centres in the UAE further strengthening one of the most comprehensive dedicated healthcare logistics networks in the Middle East. The opening is Hellmann s response to the growing demand for resilient healthcare supply chains as regulatory requirements become increasingly complex and the handling of temperature-sensitive medical products requires greater precision and transparency across the entire logistics chain the company said. The new facility at Dubai South s Logistics District increases HCHL s warehouse capacity while expanding customer-specific value-added services and storage solutions. It is designed to meet key market requirements including the compliant ma...
Read More
Dubai South, the largest single-urban master development focused on aviation, logistics and real estate, has welcomed a new distribution facility by Hellmann Calipar Healthcare Logistics (HCHL) at its Logistics District.
With this addition, Hellmann expands its presence to five distribution centres in the UAE, further strengthening one of the most comprehensive dedicated healthcare logistics networks in the Middle East.
The opening is Hellmann´s response to the growing demand for resilient healthcare supply chains, as regulatory requirements become increasingly complex and the handling of temperature-sensitive medical products requires greater precision and transparency across the entire logistics chain, the company said.
The new facility at Dubai South’s Logistics District increases HCHL´s warehouse capacity while expanding customer-specific value-added services and storage solutions. It is designed to meet key market requirements, including the compliant ma...
-TradeArabia News Service Abu Dhabi s Department of Municipalities and Transport (DMT) announced the issuance of a package of administrative decisions to implement Law No. (3) of 2015 (as amended by Law 2 of 2025) related to the regulation of the emirate s real estate sector. The decisions enhance the effective implementation of the law further strengthening transparency and governance within the emirate s real estate market. These are aimed at establishing a more flexible and clearly defined legislative framework that aligns with international best practices. In addition the decisions respond to the sector s rapid growth ensuring the law is applied in accordance with well-defined regulatory requirements. The package comprises four administrative decisions addressing key stages across the development regulation and management cycle of real estate development projects in the emirate. The decisions include: regulating ...
Read More
-TradeArabia News Service
Abu Dhabi's Department of Municipalities and Transport (DMT) announced the issuance of a package of administrative decisions to implement Law No. (3) of 2015 (as amended by Law 2 of 2025) related to the regulation of the emirate's real estate sector.
The decisions enhance the effective implementation of the law, further strengthening transparency and governance within the emirate’s real estate market.
These are aimed at establishing a more flexible and clearly defined legislative framework that aligns with international best practices. In addition, the decisions respond to the sector’s rapid growth ensuring the law is applied in accordance with well-defined regulatory requirements.
The package comprises four administrative decisions addressing key stages across the development, regulation and management cycle of real estate development projects in the emirate. The decisions include: regulating ...
Leading global property and lifestyle advisory firm BlackBrick Property has launched a new complimentary advisory service designed to support anyone currently involved in a property transaction related to Dubai. The service also includes transactions not handled by the agency. The initiative aims to provide credible independent guidance to clients based in the UAE and internationally during a period of uncertainty. Through the programme Matthew Bate Founder and CEO of BlackBrick Property will personally review property agreements and offer an independent overview of contractual obligations drawing on the experience of his team of legal and mortgage experts to include an assessment of market positioning valuation and potential transaction scenarios. The service offered without charge reflects BlackBrick s belief that the current market environment calls for measured experience-led advice. It also mirrors BlackBrick s role as a lifestyle-centric organ...
Read More
Leading global property and lifestyle advisory firm BlackBrick Property has launched a new, complimentary advisory service designed to support anyone currently involved in a property transaction related to Dubai.
The service also includes transactions not handled by the agency. The initiative aims to provide credible, independent guidance to clients based in the UAE and internationally during a period of uncertainty.
Through the programme, Matthew Bate, Founder and CEO of BlackBrick Property, will personally review property agreements and offer an independent overview of contractual obligations, drawing on the experience of his team of legal and mortgage experts to include an assessment of market positioning, valuation and potential transaction scenarios. The service, offered without charge, reflects BlackBrick’s belief that the current market environment calls for measured, experience-led advice. It also mirrors BlackBrick’s role as a lifestyle-centric organ...
As part of a long-term strategic shift and due to the unsustainable profitability of the Rokbak articulated hauler business Volvo Construction Equipment (Volvo CE) will close its Rokbak business and concentrate resources on its portfolio of other hauling solutions the company said. For more than four decades Rokbak formerly Terex Trucks has delivered reliable off-highway articulated haulers to customers worldwide. However rising operational and supply chain costs combined with global trade challenges including US tariffs have significantly impacted financial performance making continued operation unsustainable it said. Volvo CE is committed to ensuring Rokbak customers and partners remain successful providing dedicated support throughout this phase-out and into the future it said. We are deeply grateful to our loyal Rokbak customers dealers dedicated employees and supportive partners who have been part of this journey sa...
Read More
As part of a long-term strategic shift and due to the unsustainable profitability of the Rokbak articulated hauler business, Volvo Construction Equipment (Volvo CE) will close its Rokbak business and concentrate resources on its portfolio of other hauling solutions, the company said.
For more than four decades, Rokbak — formerly Terex Trucks — has delivered reliable off-highway articulated haulers to customers worldwide. However, rising operational and supply chain costs, combined with global trade challenges, including US tariffs, have significantly impacted financial performance, making continued operation unsustainable, it said.
Volvo CE is committed to ensuring Rokbak customers and partners remain successful, providing dedicated support throughout this phase-out and into the future, it said.
“We are deeply grateful to our loyal Rokbak customers, dealers, dedicated employees, and supportive partners who have been part of this journey,” sa...
Rowad Modern Engineering has announced the start of work on expansion of the Saudi Logistics Services Company (SAL) facilities at King Khalid International Airport in Riyadh. Serving as the general contractor the company will manage execute and deliver the project across all phases in accordance with the highest technical and engineering standards it said. The implementation strategy is aligned with sustainability principles and aims to achieve LEED Gold certification. The project forms part of ongoing efforts to enhance cargo and logistics capabilities. It includes comprehensive rehabilitation and upgrading of existing infrastructure alongside the construction of new supporting facilities and services. The scope of work emphasises improving operational performance modernising architectural and engineering systems and elevating efficiency and sustainability. Rowad Modern Engineering is delivering the project through an approach that ensures flexi...
Read More
Rowad Modern Engineering has announced the start of work on expansion of the Saudi Logistics Services Company (SAL) facilities at King Khalid International Airport in Riyadh.
Serving as the general contractor, the company will manage, execute, and deliver the project across all phases in accordance with the highest technical and engineering standards, it said. The implementation strategy is aligned with sustainability principles and aims to achieve LEED Gold certification.
The project forms part of ongoing efforts to enhance cargo and logistics capabilities. It includes comprehensive rehabilitation and upgrading of existing infrastructure, alongside the construction of new supporting facilities and services. The scope of work emphasises improving operational performance, modernising architectural and engineering systems, and elevating efficiency and sustainability.
Rowad Modern Engineering is delivering the project through an approach that ensures flexi...
Saudi-based Dar Al Majed Real Estate Company has announced that it has signed an addendum to the credit facilities agreement previously concluded with Banque Saudi Fransi (BSF). The addendum includes increasing the credit limit of the facilities granted to the company from SAR550 million ( 146.4 million) to SAR684.5 million ( 182.2 million). This funding will be mainly used for Dar Al Majed s expansion plans as well as development of its real estate projects said the company in its filing to Saudi bourse Tadawul. The amended financing will run until December 31 2028 it stated. The original facilities agreement with Banque Saudi Fransi was signed in November 2023 and disclosed in the company s prospectus said the statement. The new addendum extends that agreement and sets a credit ceiling for project funding it added.- TradeArabia News Service ...
Read More
Saudi-based Dar Al Majed Real Estate Company has announced that it has signed an addendum to the credit facilities agreement previously concluded with Banque Saudi Fransi (BSF).
The addendum includes increasing the credit limit of the facilities granted to the company from SAR550 million ($146.4 million) to SAR684.5 million ($182.2 million).
This funding will be mainly used for Dar Al Majed’s expansion plans as well as development of its real estate projects, said the company in its filing to Saudi bourse Tadawul.
The amended financing will run until December 31, 2028, it stated.
The original facilities agreement with Banque Saudi Fransi was signed in November 2023, and disclosed in the company’s prospectus, said the statement.
The new addendum extends that agreement and sets a credit ceiling for project funding, it added.-TradeArabia News Service
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. Doha-based Pamela McDonald of Pinsent Masons who supports businesses in the energy and infrastructure sector in resolving disputes said armed hostilities and accompanying state warnings together with return-to-work directives the evacuation of foreign nationals and price escalation have impacted on construction projects and could trigger rights to relief. In relation to armed hostilities the combination of travel restrictions for staff and cargo mandatory evacuation orders issued by some embassies and state authorities intermittent messages via public announcement systems calling on people to shelter in place could give rise to claims under construction contracts either because the performance of works is impossible in that scenario or because it creates a hardship rendering per...
Read More
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.
Doha-based Pamela McDonald of Pinsent Masons, who supports businesses in the energy and infrastructure sector in resolving disputes, said armed hostilities and accompanying state warnings, together with return-to-work directives, the evacuation of foreign nationals, and price escalation, have impacted on construction projects and could trigger rights to relief.
In relation to armed hostilities, the combination of travel restrictions for staff and cargo, mandatory evacuation orders issued by some embassies, and state authorities’ intermittent messages via public announcement systems calling on people to shelter in place, could give rise to claims under construction contracts, either because the performance of works is impossible in that scenario or because it creates a hardship rendering per...
Dar Al Majed Real Estate Company (Al-Majdiah) has signed a contract worth SAR77 million ( 20.48 million) with Emarna Contracting Company to implement a new residential development in Riyadh s Al Nada District. The project known as Al-Majdiah Project (174) will be executed on a turnkey basis and involves the construction of eight residential buildings comprising 226 housing units according to a company announcement. Under the agreement Emarna Contracting will undertake all works related to the development including structural and architectural construction finishing works electrical and mechanical services safety and protection systems air-conditioning and ventilation installations as well as site works in line with approved designs and project specifications. The contract was signed on March 5 2026 with a total value of SAR77 million ( 20.5 million) excluding value-added tax. The project is expected to be completed within 12 months. Dar Al Majed ...
Read More
Dar Al Majed Real Estate Company (Al-Majdiah) has signed a contract worth SAR77 million ($20.48 million) with Emarna Contracting Company to implement a new residential development in Riyadh’s Al‑Nada District.
The project, known as Al-Majdiah Project (174), will be executed on a turnkey basis and involves the construction of eight residential buildings comprising 226 housing units, according to a company announcement.
Under the agreement, Emarna Contracting will undertake all works related to the development, including structural and architectural construction, finishing works, electrical and mechanical services, safety and protection systems, air-conditioning and ventilation installations, as well as site works, in line with approved designs and project specifications.
The contract was signed on March 5, 2026, with a total value of SAR77 million ($20.5 million) excluding value-added tax. The project is expected to be completed within 12 months.
Dar Al Majed ...
VITO Energy Engineering and Construction Co has recently commenced the execution of a multi-disciplinary construction scope within the North Field expansion project in Qatar. The RLTO Expansion and Off-Plot Facilities of the North Field Expansion Project (EPC-3) NFS CLLNG Balance of Plant (BoP) Project in Qatar was awarded to the company with execution duration of 21 months by QatarEnergy with Técnicas Reunidas SA acting as the EPC contractor. Under the awarded scope with approximate project value 200 million VITO is responsible for a range of construction activities including piping prefabrication and erection steel structure module erection equipment erection electrical and instrumentation works painting heat insulation. Main quantities are as below: - Steel Structure : 3 100 ton - Module Erection span style= white-space...
Read More
VITO Energy Engineering and Construction Co has recently commenced the execution of a multi-disciplinary construction scope within the North Field expansion project in Qatar.
The RLTO Expansion and Off-Plot Facilities of the North Field Expansion Project (EPC-3) – NFS CLLNG Balance of Plant (BoP) Project in Qatar was awarded to the company with execution duration of 21 months by QatarEnergy, with Técnicas Reunidas, SA acting as the EPC contractor.
Under the awarded scope, with approximate project value $200 million, VITO is responsible for a range of construction activities including piping prefabrication and erection, steel structure, module erection, equipment erection, electrical and instrumentation works, painting, heat insulation.
Main quantities are as below:
- Steel Structure : 3,100 ton
- Module Erection
The future of the heavy construction equipment market in Saudi Arabia appears promising driven by ongoing government initiatives and urbanisation trends. As the country continues to invest in mega projects and infrastructure development the demand for advanced machinery - including excavators bulldozers cranes loaders dump trucks and compactors - is expected to rise according to Research And Markets a leading market data company. Of these the excavators segment is currently dominating the market due to their versatility and essential role in various construction activities including earthmoving and site preparation stated the report. The increasing number of infrastructure projects such as roads and bridges has led to a higher demand for excavators. Additionally advancements in technology such as the integration of GPS and telematics have made excavators more efficient and appealing to contractors further solidifying their market leadership it add...
$500bn infrastructure push drives Saudi construction equipment demand
The future of the heavy construction equipment market in Saudi Arabia appears promising, driven by ongoing government initiatives and urbanisation trends. As the country continues to invest in mega projects and infrastructure development, the demand for advanced machinery - including excavators, bulldozers, cranes, loaders, dump trucks and compactors - is expected to rise, according to Research And Markets, a leading market data company.
Of these, the excavators segment is currently dominating the market due to their versatility and essential role in various construction activities, including earthmoving and site preparation, stated the report.
The increasing number of infrastructure projects, such as roads and bridges, has led to a higher demand for excavators. Additionally, advancements in technology, such as the integration of GPS and telematics, have made excavators more efficient and appealing to contractors, further solidifying their market leadership, it add...
The heavy construction equipment market in the Kingdom of Saudi Arabia is poised for solid growth over the next few years with the market set to hit 3.5 billion by 2030 driven by the ongoing government initiatives and urbanisation trends according to Research And Markets a leading market data company. The heavy equipment market benefits from ambitious infrastructure projects under the kingdom s Vision 2030 creating opportunities through urbanisation and mega projects like NEOM. Eco-friendly equipment regulations and renewable energy investments also drive demand alongside smart construction technologies stated Research And Markets in its report. The future of this market appears promising as the country continues to invest in mega projects and infrastructure development thus sparking a demand for advanced machinery including excavators bulldozers cranes loaders dump trucks and compactors it stated. Additionally the integration of smart technologie...
Read More
The heavy construction equipment market in the Kingdom of Saudi Arabia is poised for solid growth over the next few years with the market set to hit $3.5 billion by 2030, driven by the ongoing government initiatives and urbanisation trends, according to Research And Markets, a leading market data company.
The heavy equipment market benefits from ambitious infrastructure projects under the kingdom's Vision 2030, creating opportunities through urbanisation and mega projects like NEOM. Eco-friendly equipment regulations and renewable energy investments also drive demand, alongside smart construction technologies, stated Research And Markets in its report.
Additionally, the integration of smart technologie...
Saudi Arabia s AI-powered predictive maintenance for construction equipment market which is valued at 1.2 billion is expected grow substantially driven by ongoing technological advancements and increasing infrastructure investments says a report. As the government continues to prioritise smart city initiatives the integration of AI solutions will likely become more prevalent. Additionally the growing emphasis on sustainability will push companies to adopt predictive maintenance practices that enhance equipment longevity and reduce environmental impact fostering a more resilient construction industry according to the Saudi Arabia AI-Powered Predictive Maintenance for Construction Equipment Market Size & Forecast 2025-2030 report by ResearchAndMarkets.com. Growth is primarily driven by the increasing adoption of advanced technologies in the construction sector aimed at reducing operational costs and enhancing equipment efficiency. The rising demand fo...
Read More
Saudi Arabia's AI-powered predictive maintenance for construction equipment market, which is valued at $1.2 billion, is expected grow substantially, driven by ongoing technological advancements and increasing infrastructure investments, says a report.
As the government continues to prioritise smart city initiatives, the integration of AI solutions will likely become more prevalent. Additionally, the growing emphasis on sustainability will push companies to adopt predictive maintenance practices that enhance equipment longevity and reduce environmental impact, fostering a more resilient construction industry, according to the "Saudi Arabia AI-Powered Predictive Maintenance for Construction Equipment Market Size & Forecast 2025-2030" report by ResearchAndMarkets.com.
Growth is primarily driven by the increasing adoption of advanced technologies in the construction sector, aimed at reducing operational costs and enhancing equipment efficiency. The rising demand fo...
Private developers holiday home operators and sections of the hospitality industry in Dubai are expanding free accommodation offers to stranded passengers as flight cancellations and regional airspace closures continue to disrupt travel across the Gulf. Danube Properties and Dugasta Properties have both announced that vacant residential units would be made available at no cost to travellers unable to leave the country. In a public message Danube Properties said: If you are stranded and require immediate accommodation we are offering temporary stay support free of charge. It urged people in need to contact the company through Instagram @DanubeProperties Dugasta Properties issued a similar statement pledging emergency temporary stay support for those in urgent need. They can be reached via Instagram @dugustaproperties ...
Read More
Private developers, holiday home operators and sections of the hospitality industry in Dubai are expanding free accommodation offers to stranded passengers as flight cancellations and regional airspace closures continue to disrupt travel across the Gulf.
Danube Properties and Dugasta Properties have both announced that vacant residential units would be made available at no cost to travellers unable to leave the country.
In a public message, Danube Properties said: “If you are stranded and require immediate accommodation, we are offering temporary stay support free of charge.” It urged people in need to contact the company through Instagram @DanubeProperties
Dugasta Properties issued a similar statement, pledging emergency temporary stay support for those in urgent need. They can be reached via Instagram @dugustaproperties
...The UAE s real estate market is one of the Gulf s most resilient markets and is able to absorb geopolitical shocks thanks to its diversified investment base and openness to global capital flows according to an expert. The emirates of Dubai and Abu Dhabi have in recent years reinforced their status as regional and global hubs for business residency and investment supported by advanced legislative frameworks regulatory flexibility and high-quality developments across the luxury residential tourism and mixed-use sectors noted Kuwaiti economist and founder of Al-Wathiqa Regional Real Estate Abdulrahman Al-Husseinan. He added that market data through the end of 2025 indicate continued momentum in real estate transactions across Dubai and Abu Dhabi driven by strong f...
Read More
The UAE’s real estate market is one of the Gulf’s most resilient markets and is able to absorb geopolitical shocks thanks to its diversified investment base and openness to global capital flows, according to an expert.
The emirates of Dubai and Abu Dhabi have, in
recent years, reinforced their status as regional and global hubs for business,
residency, and investment, supported by advanced legislative frameworks,
regulatory flexibility, and high-quality developments across the luxury
residential, tourism, and mixed-use sectors, noted Kuwaiti economist and
founder of Al-Wathiqa Regional Real Estate, Abdulrahman Al-Husseinan.
He added that market data through the end of 2025 indicate continued momentum in real estate transactions across Dubai and Abu Dhabi, driven by strong f...
The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region s construction sector with contractors facing mounting cost pressures delivery delays and heightened financial risk. The waterway which handles roughly a fifth of global oil and LNG trade has seen sharply reduced vessel traffic amid security concerns and soaring war-risk insurance premiums. Even without a formal closure shipping companies are rerouting or delaying sailings creating bottlenecks for cargo bound for major Gulf ports. On Monday Iran s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was closed and that any vessel attempting to pass through the waterway would be set ablaze. Even if the strait isn t legally closed shipping and tanker avoidance alone destabilises the route and that means higher insurance rates and messy global logistics Abhi Rajendran an energy analyst at Ri...
Read More
The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk.
The waterway, which handles roughly a fifth of global oil and LNG trade, has seen sharply reduced vessel traffic amid security concerns and soaring war-risk insurance premiums. Even without a formal closure, shipping companies are rerouting or delaying sailings, creating bottlenecks for cargo bound for major Gulf ports.
On Monday, Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”
“Even if the strait isn’t legally closed, shipping and tanker avoidance alone destabilises the route — and that means higher insurance rates and messy global logistics,” Abhi Rajendran, an energy analyst at Ri...
The Kuwait Authority For Partnership Projects (KAPP) has announced that leading project developer United Real Estate Company (URC) has emerged as the winning investor in the third phase of its upcoming project - a waterfront property in the Sharq Area of the capital Kuwait City. A major player in the region URC is the real estate arm of Kuwait Projects Company Holding (Kipco Group) a holding company that focuses on investments in the Middle East and North Africa. The go-ahead to URC for the project came from The Higher Committee for Public-Private Partnership Projects thus paving the way for the signing of a partnership agreement with the Ministry of Finance. The project is being launched in co-operation with the ministry as part of its efforts to strengthen public-private partnerships (PPP) .-TradeArabia News Service ...
Read More
The Kuwait Authority For Partnership Projects (KAPP) has announced that leading project developer United Real Estate Company (URC) has emerged as the winning investor in the third phase of its upcoming project - a waterfront property in the Sharq Area of the capital Kuwait City.
A major player in the region, URC is the real estate arm of Kuwait Projects Company – Holding (Kipco Group), a holding company that focuses on investments in the Middle East and North Africa.
The go-ahead to URC for the project came from The Higher Committee for Public-Private Partnership Projects, thus paving the way for the signing of a partnership agreement with the Ministry of Finance.
The project is being launched in co-operation with the ministry as part of its efforts to strengthen public-private partnerships (PPP).-TradeArabia News Service
...Residential unit sales emerged as the primary growth driver for Abu Dhabi s real estate market in 2025 expanding from approximately AED19 billion in 2022 to AED76 billion ( 20.69 billion) in 2025 representing a fourfold increase driven by off-plan sales growth and master-planned community development. Abu Dhabi s residential inventory reached 401 000 units in 2025 with occupied units growing at 6.6% annually compared to supply growth of 2.8% since 2022 says a report from Abu Dhabi Real Estate Centre (ADREC) the custodian and regulator of Abu Dhabi s real estate sector. Abu Dhabi s real estate market achieved 44% growth in transaction values hitting record levels of AED142 billion in 2025 as reported by TradeArabia on February 20. Real estate sales drove the overall sector accounting for a record-high AED93 billion in 2025 with residential ...
Read More
Residential unit sales emerged as the primary growth driver for Abu Dhabi's real estate market in 2025, expanding from approximately AED19 billion in 2022 to AED76 billion ($20.69 billion) in 2025, representing a fourfold increase driven by off-plan sales growth and master-planned community development.
Abu Dhabi's residential inventory reached 401,000 units in 2025, with occupied units growing at 6.6% annually compared to supply growth of 2.8% since 2022, says a report from Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi's real estate sector.
Abu Dhabi's real estate market achieved 44% growth in transaction values hitting record levels of AED142 billion in 2025, as reported by TradeArabia on February 20. Real estate sales drove the overall sector, accounting for a record-high AED93 billion in 2025, with residential ...
The Integrated Transport Centre (ITC) an affiliate of the Department of Municipalities and Transport has announced the launch of a pilot programme for autonomous freight trucks in partnership with global company Autotech a specialist in developing autonomous vehicle systems. The project is a first of its kind in the Middle East and North Africa in the operation of autonomous trucks for logistics and freight transport purposes reflecting the expansion of autonomous systems applications across various modes of transport. It is being implemented within Khalifa Economic Zones Abu Dhabi KEZAD in co-ordination with AD Ports Group. The ITC explained that the project focuses on evaluating the operation of autonomous trucks within a defined industrial and logistics environment. Pilot trips were conducted along dedicated routes within KEZAD in accordance with approved regulatory frameworks and operational standards. During 2025 the develo...
Read More
The Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport, has announced the launch of a pilot programme for autonomous freight trucks, in partnership with global company Autotech, a specialist in developing autonomous vehicle systems.
The project is a first of its kind in the Middle East and North Africa in the operation of autonomous trucks for logistics and freight transport purposes, reflecting the expansion of autonomous systems applications across various modes of transport. It is being implemented within Khalifa Economic Zones Abu Dhabi – KEZAD in co-ordination with AD Ports Group.
Pilot trips were conducted along dedicated routes within KEZAD, in accordance with approved regulatory frameworks and operational standards.
During 2025, the develo...
Saudi Real Estate Company (Al Akaria) has signed a 20-year lease agreement with Amsa Hospitality for the Amsa Vue Residential Compound in Riyadh with the total value of the project estimated at around SR1.2 billion ( 320 million) an Arab News report said. The project located in Riyadh Diplomatic Quarters includes 240 modern residential units comprising 176 apartments and 64 villas and townhouses. Acting CEO of Al Akaria Khalid Al-Sehaibany said the project embodies the company s approach to developing residential communities that focus on an integrated experience built on quality planning and comprehensive facilities elevating the standard of living in Riyadh. CEO of Amsa Hospitality Muin Serhan told Arab News that the core philosophy behind the project is to create a space that focuses both on individuals and community values. ...
Read More
Saudi Real Estate Company (Al Akaria) has signed a 20-year lease agreement with Amsa Hospitality for the Amsa Vue Residential Compound in Riyadh, with the total value of the project estimated at around SR1.2 billion ($320 million), an Arab News report said.
The project, located in Riyadh Diplomatic Quarters, includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses.
Acting CEO of Al Akaria Khalid Al-Sehaibany said the project embodies the company’s approach to developing residential communities that focus on an integrated experience built on quality planning and comprehensive facilities, elevating the standard of living in Riyadh.
CEO of Amsa Hospitality Muin Serhan told Arab News that the core philosophy behind the project is to create a space that focuses both on individuals and community values.
Ras Al Khaimah Economic Zone (RAKEZ) marked the groundbreaking of a new 5 839 sqm warehousing facility by Indu a multi-industry-focused logistics and warehouse solutions provider at Al Hamra Industrial Zone. The ceremony was attended by senior RAKEZ representatives including Ian Hunt Chief Experience Officer; Alia Rabbani Key Accounts Director; and Mohamed Ismayil Senior Manager Key Accounts. The new development will deliver advanced warehousing solutions with a projected capacity of 12 000 cu m. Designed to serve fast-moving consumer goods (FMCG) hotel supplies and food supplies the facility will primarily support the F&B sector across the Northern Emirates by providing specialised storage solutions a statement said. Scheduled for completion in the fourth quarter of 2026 the project forms a key part of Indu s broader expansion strategy to evolve into a multi-industry-focused logistics provider capitalising on Ras Al Khaimah s accelerating economi...
Read More
Ras Al Khaimah Economic Zone (RAKEZ) marked the groundbreaking of a new 5,839 sqm warehousing facility by Indu, a multi-industry-focused logistics and warehouse solutions provider, at Al Hamra Industrial Zone.
The ceremony was attended by senior RAKEZ representatives, including Ian Hunt, Chief Experience Officer; Alia Rabbani, Key Accounts Director; and Mohamed Ismayil, Senior Manager – Key Accounts.
The new development will deliver advanced warehousing solutions with a projected capacity of 12,000 cu m. Designed to serve fast-moving consumer goods (FMCG), hotel supplies, and food supplies, the facility will primarily support the F&B sector across the Northern Emirates by providing specialised storage solutions, a statement said.
Scheduled for completion in the fourth quarter of 2026, the project forms a key part of Indu’s broader expansion strategy to evolve into a multi-industry-focused logistics provider, capitalising on Ras Al Khaimah’s accelerating economi...
ASMO a joint venture between Saudi oil giant Aramco and multinational logistics company DHL Supply Chain has sealed a partnership deal with Arcapita Group Holdings a global alternative investment firm to develop a 1.4 million sq m purpose-built logistics facility at King Salman Energy Park (Spark) in Saudi Arabia designed to support the next phase of the kingdom s logistics and supply chain development. The key facility will include a 43 000 sq m temperature-controlled Grade-A logistics warehouse over 3 000 sq m of offices and staff facilities 5 300 sq m of dedicated chemical storage space and a 1.2 million sq m open yard. The investment reflects a shared goal by the parties to develop resilient scalable and future-ready institutional grade logistics infrastructure in the kingdom said the statement from ASMO. Designed for large-scale industrial operations the facility will help boast advanced warehouse and building management systems digital...
Read More
ASMO, a joint venture between Saudi oil giant Aramco and multinational logistics company DHL Supply Chain, has sealed a partnership deal with Arcapita Group Holdings, a global alternative investment firm, to develop a 1.4 million sq m purpose-built logistics facility at King Salman Energy Park (Spark) in Saudi Arabia designed to support the next phase of the kingdom’s logistics and supply chain development.
The key facility will include a 43,000 sq m temperature-controlled Grade-A logistics warehouse, over 3,000 sq m of offices and staff facilities, 5,300 sq m of dedicated chemical storage space, and a 1.2 million sq m open yard.
The investment reflects a shared goal by the parties to develop resilient, scalable, and future-ready institutional grade logistics infrastructure in the kingdom, said the statement from ASMO.
Designed for large-scale industrial operations, the facility will help boast advanced warehouse and building management systems, digital...
Dubai witnessed notable progress in the pace of real estate project completion in 2025 with the number of completed projects rising to 124 marking a 7% increase and a total value of AED27.5 billion ( 7.49 billion) reflecting a 23% increase. This performance underscores the efficiency of execution and the continuity of development activity said a WAM news agency report quoting data from Dubai Land Department. In addition the number of projects under construction increased by 25% to 937 serving as a clear indicator of developers confidence and the sustainability of future momentum in the real estate sector. The number of sold units increased by 25% to 147 000 units with a total value of AED280 billion reflecting a 30% increase in value. Meanwhile the value of sold villas increased by 12% despite a decline in volume indicating a shift in purchasing preferences toward higher-value real estate products. At the regulatory level the real estate market w...
Read More
Dubai witnessed notable progress in the pace of real estate project completion in 2025, with the number of completed projects rising to 124, marking a 7% increase and a total value of AED27.5 billion ($7.49 billion), reflecting a 23% increase.
This performance underscores the efficiency of execution and the continuity of development activity, said a WAM news agency report quoting data from Dubai Land Department.
In addition, the number of projects under construction increased by 25%, to 937, serving as a clear indicator of developers’ confidence and the sustainability of future momentum in the real estate sector.
The number of sold units increased by 25% to 147,000 units, with a total value of AED280 billion, reflecting a 30% increase in value. Meanwhile, the value of sold villas increased by 12% despite a decline in volume, indicating a shift in purchasing preferences toward higher-value real estate products.
At the regulatory level, the real estate market w...
Combined Group Contracting Company a specialist in the construction of residential commercial and governmental buildings as well as roads and oil and gas projects has secured contracts worth KD77.3 million ( 252 million) from Kuwait Oil Company (KOC). The project scope includes construction of flowlines along with related infrastructure works designed to support upstream production facilities. The work involves installation testing commissioning and associated civil and mechanical works in line with industry standards and project specifications. The entire contract work will be competed within a five-year period. This is the second order bagged by the company from KOC this month following its 210 million Northern Kuwait contract win. The scope of work includes the construction of a new network for injecting surplus water into Northern Kuwait in Rawdatain area valued at KD23.7 million and a new network for injecting surplus water into Northern Kuwa...
Read More
Combined Group Contracting Company, a specialist in the construction of residential, commercial and governmental buildings as well as roads and oil and gas projects, has secured contracts worth KD77.3 million ($252 million) from Kuwait Oil Company (KOC).
The project scope includes construction of flowlines along with related infrastructure works designed to support upstream production facilities.
The work involves installation, testing, commissioning and associated civil and mechanical works in line with industry standards and project specifications. The entire contract work will be competed within a five-year period.
This is the second order bagged by the company from KOC this month following its $210 million Northern Kuwait contract win.
The scope of work includes the construction of a new network for injecting surplus water into Northern Kuwait in Rawdatain area valued at KD23.7 million and a new network for injecting surplus water into Northern Kuwa...
Abu Dhabi s real estate market recorded total transactions worth a record AED142 billion ( 38.67 billion) from 42 814 deals in 2025 representing a 44% increase in value and a 52% rise in transaction volume compared to 2024. This highlights Abu Dhabi s emergence as a trusted global hub for real estate investment and sustained market confidence said an Abu Dhabi Real Estate Centre (ADREC) the custodian and regulator of the Abu Dhabi s real estate sector. The sector demonstrated robust diversification with AED99.4 billion generated from sales and purchases from 25 604 transactions while mortgage activity contributed AED42.7 billion from 17 210 transactions. The balanced performance across end-users and investors reflects healthy end-user demand alongside continued confidence from financial institutions reinforcing the maturity of Abu Dhabi s real estate ecosystem. Furthermore mortgage trends reinforce the growing accessibility of real estate investment of Abu Dh...
Read More
Abu Dhabi’s real estate market recorded total transactions worth a record AED142 billion ($38.67 billion) from 42,814 deals in 2025, representing a 44% increase in value and a 52% rise in transaction volume compared to 2024.
This highlights Abu Dhabi's emergence as a trusted global hub for real estate investment and sustained market confidence, said an Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of the Abu Dhabi’s real estate sector.
The sector demonstrated robust diversification with AED99.4 billion generated from sales and purchases from 25,604 transactions, while mortgage activity contributed AED42.7 billion from 17,210 transactions. The balanced performance across end-users and investors reflects healthy end-user demand alongside continued confidence from financial institutions, reinforcing the maturity of Abu Dhabi’s real estate ecosystem. Furthermore, mortgage trends reinforce the growing accessibility of real estate investment of Abu Dh...
Medlog a leading global provider of logistics and supply chain solutions has officially opened Medlog 1 a state-of-the-art integrated logistics park in Dammam Saudi Arabia. Spanning more than 100 000 sq m and offering an annual handling capacity of over 300 000 TEUs the new facility is designed to strengthen the reach of both global and local customers across the kingdom. The logistics park will create more than 400 direct and indirect job opportunities. With the launch of this industry-leading facility we are making a significant contribution to the Kingdom s multimodal transportation ecosystem. By linking King Abdulaziz Port and the east to Saudi Arabia s central and western regions this facility strengthens inland freight connectivity said Hisham Al Ansari President of Medlog Saudi Arabia. Medlog 1 part of Medlog s broader commitment to Vision 2030 ambitions will not only expand international access and service efficiency for our custom...
Read More
Medlog, a leading global provider of logistics and supply chain solutions, has officially opened Medlog 1, a state-of-the-art integrated logistics park in Dammam, Saudi Arabia. Spanning more than 100,000 sq m and offering an annual handling capacity of over 300,000 TEUs, the new facility is designed to strengthen the reach of both global and local customers across the kingdom.
The logistics park will create more than 400 direct and indirect job opportunities.
"With the launch of this industry-leading facility, we are making a significant contribution to the Kingdom’s multimodal transportation ecosystem. By linking King Abdulaziz Port and the east to Saudi Arabia’s central and western regions, this facility strengthens inland freight connectivity,” said Hisham Al Ansari, President of Medlog Saudi Arabia.
"Medlog 1, part of Medlog’s broader commitment to Vision 2030 ambitions, will not only expand international access and service efficiency for our custom...
The GCC real estate market is poised to sustain its upward trajectory into the first half of 2026 building on strong momentum recorded in the latter part of 2025 according to a new report by Kuwait Financial Centre (Markaz) . Markaz s latest Real Estate Outlook: H1 2026 report offers a comprehensive analysis of real estate market performance across the key real estate sectors in Kuwait Saudi Arabia and the United Arab Emirates (UAE). It says the higher oil production growth in the non-oil economy continued government spending on infrastructure and development projects along with policy rate cuts are expected to improve liquidity and credit growth. These factors support borrowing and investment activity across residential commercial and industrial real estate segments. Kuwait: Stability with selective upside K...
Read More
The GCC real estate market is poised to sustain its upward trajectory into the first half of 2026, building on strong momentum recorded in the latter part of 2025, according to a new report by Kuwait Financial Centre (Markaz).
Markaz's latest 'Real Estate Outlook: H1 2026' report, offers a comprehensive analysis of real estate market performance across the key real estate sectors in Kuwait, Saudi Arabia, and the United Arab Emirates (UAE).
It says the higher oil production, growth in the non-oil economy, continued government spending on infrastructure and development projects, along with policy rate cuts, are expected to improve liquidity and credit growth. These factors support borrowing and investment activity across residential, commercial, and industrial real estate segments.
Kuwait: Stability with selective upside
K...
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has sealed an investment agreement with Medlog the logistics arm of the Mediterranean Shipping Company (MSC) for the establishment of an integrated logistics zone in the Third Industrial City in Jeddah. The key logistics zone will include container yards and warehouses being set up at an estimated initial investment of SAR137 million ( 36.5 million) in line with the model preliminarily approved in the agreement said a statement from Modon. Medlog is among the world s leading logistics service companies operating in more than 80 countries and managing infrastructure exceeding 8.5 million sqm area making this partnership a strategic step toward supporting the objectives of the National Transport and Logistics Strategy. The agreement was signed at the company s headquarters in Geneva by Modon CEO Eng. Majed Al Argoubi following extensive discussions with company leaders on strengtheni...
Read More
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has sealed an investment agreement with Medlog, the logistics arm of the Mediterranean Shipping Company (MSC), for the establishment of an integrated logistics zone in the Third Industrial City in Jeddah.
The key logistics zone will include container yards and warehouses, being set up at an estimated initial investment of SAR137 million ($36.5 million), in line with the model preliminarily approved in the agreement, said a statement from Modon.
Medlog is among the world’s leading logistics service companies, operating in more than 80 countries and managing infrastructure exceeding 8.5 million sqm area, making this partnership a strategic step toward supporting the objectives of the National Transport and Logistics Strategy.
The agreement was signed at the company’s headquarters in Geneva by Modon CEO Eng. Majed Al Argoubi, following extensive discussions with company leaders on strengtheni...
Saudi-based Al Ramz Real Estate Company has signed an agreement with Ramz Al Hijaz Fund which is managed by Al Rajhi Capital to develop two residential towers at a total investment of SAR418 million ( 111.5 million) in Makkah. These towers will come up on two land plots spanning a total area of 6 007 sq m in the King Abdulaziz Road District the developer said in its filing to Saudi bourse Tadawul. The scope of work includes design development and execution services as well as providing supervision for the project until it gets completed. The entire project will be delivered within a three-year period from the date of signing of the agreement said the statement. For the project Al Ramz Real Estate will also get a development fee of SAR62.7 million. On the financial impact the company said it is expected to contribute positively to its financial performance during the years 2026 to 2029 .-TradeArabia News Service ...
Read More
Saudi-based Al Ramz Real Estate Company has signed an agreement with Ramz Al Hijaz Fund, which is managed by Al Rajhi Capital, to develop two residential towers at a total investment of SAR418 million ($111.5 million) in Makkah.
These towers will come up on two land plots spanning a total area of 6,007 sq m in the King Abdulaziz Road District, the developer said in its filing to Saudi bourse Tadawul.
The scope of work includes design, development and execution services as well as providing supervision for the project until it gets completed.
The entire project will be delivered within a three-year period from the date of signing of the agreement, said the statement.
For the project, Al Ramz Real Estate will also get a development fee of SAR62.7 million.
On the financial impact, the company said it is expected to contribute positively to its financial performance during the years 2026 to 2029.-TradeArabia News Service
...Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group a leader in the construction and industrial sectors to provide affordable financing solutions for citizens to build their residential plot. This collaboration with ACICO Group enables KIB customers to obtain housing financing of up to KD70 000 ( 227 800) with flexible repayment terms of up to 15 years. Through this partnership KIB said it aims to simplify the customer s journey toward building their dream home. The move reflects its commitment to providing distinguished banking and financing services that are compliant with the principles of shari ah with a strong focus on supporting the housing sector in Kuwait said a statement from KIB. The announcement was made during a meeting held to mark the partnership which aims to offer affordable financing solutions and exclusive incentives for citizens seeking to build their residentia...
Read More
Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group, a leader in the construction and industrial sectors, to provide affordable financing solutions for citizens to build their residential plot.
This collaboration with ACICO Group enables KIB customers to obtain housing financing of up to KD70,000 ($227,800), with flexible repayment terms of up to 15 years.
Through this partnership, KIB said it aims to simplify the customer’s journey toward building their dream home.
The move reflects its commitment to providing distinguished banking and financing services that are compliant with the principles of shari’ah, with a strong focus on supporting the housing sector in Kuwait, said a statement from KIB.
The announcement was made during a meeting held to mark the partnership, which aims to offer affordable financing solutions and exclusive incentives for citizens seeking to build their residentia...
The Dubai real estate market recorded the highest single-day real estate transaction value in its history on January 26 of AED15.6 billion ( 4.25 billion) data released by the Dubai Land Department said. This value was achieved through 1 501 real estate transactions on the day highlighting strong demand and deep market liquidity. The data further showed that sales alone reached AED11.4 billion covering land residential units and buildings in addition to mortgages and gifts of significant value. This reflects broad-based activity across multiple real estate segments and underscores the expansion and diversification of the investor base. Badar Rashid AlBlooshi Chairman of Arabian Gulf Properties said the record-breaking figures reflect an advanced stage of market maturity and stability reaffirming the emirate s growing position as one of the world s leading real estate and investment destinations. AlBlooshi said: Recording real estate transactions wor...
Read More
The Dubai real estate market recorded the highest single-day real estate transaction value in its history on January 26 of AED15.6 billion ($4.25 billion), data released by the Dubai Land Department said.
This value was achieved through 1,501 real estate transactions on the day, highlighting strong demand and deep market liquidity.
The data further showed that sales alone reached AED11.4 billion, covering land, residential units, and buildings, in addition to mortgages and gifts of significant value. This reflects broad-based activity across multiple real estate segments and underscores the expansion and diversification of the investor base.
Badar Rashid AlBlooshi, Chairman of Arabian Gulf Properties, said the record-breaking figures reflect an advanced stage of market maturity and stability, reaffirming the emirate’s growing position as one of the world’s leading real estate and investment destinations.
AlBlooshi said: “Recording real estate transactions wor...
The construction costs globally are set to increase by 2.4% this year but growing uncertainty is the real challenge to project delivery according to Currie & Brown a world-leading provider of cost management project management and advisory services. In the Middle East market the costs will rise by 4% in Saudi Arabia mainly driven by reliance on imported and specialist materials and 3% in the UAE. Across key sectors demand remains strong but delivery conditions are becoming more complex stated Currie & Brown in its findings captured in Construction in 2026: Where Certainty Comes from Agility report. Middle East Regional Analysis The project management expert pointed out that in Saudi Arabia construction activity will continue to rise in 2026 under Vision 2030 even as some projects are rephased. There is strong demand for Tier 1 and Tier 2 contractors but the biggest problem is the shortages of skilled labour. Data centres and digita...
Read More
The construction costs globally are set to increase by 2.4% this year, but growing uncertainty is the real challenge to project delivery, according to Currie & Brown, a world-leading provider of cost management, project management and advisory services.
In the Middle East market, the costs will rise by 4% in Saudi Arabia mainly driven by reliance on imported and specialist materials and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, stated Currie & Brown in its findings captured in ‘Construction in 2026: Where Certainty Comes from Agility’ report.
Middle East Regional Analysis
The project management expert pointed out that in Saudi Arabia, construction activity will continue to rise in 2026 under Vision 2030, even as some projects are rephased. There is strong demand for Tier 1 and Tier 2 contractors, but the biggest problem is the shortages of skilled labour.
Data centres and digita...
Construction costs are expected to rise in the Middle East this year increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors demand remains strong but delivery conditions are becoming more complex says a new report. Construction in 2026: Where Certainty Comes from Agility the new report published by Currie & Brown a world-leading provider of cost management project management and advisory services says in Saudi Arabia construction activity will continue to rise in 2026 under Vision 2030 even as some projects are rephased. Cost escalation of around 4% is forecast driven by reliance on imported and specialist materials strong demand for Tier 1 and Tier 2 contractors and shortages of skilled labour. Data centres and digital infrastructure face the highest increases at 6 8% followed by high-end hospitality at 5 7%. Mid-market residential and infrastructure are seeing lower but still rising costs. In the UAE cons...
Read More
Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
‘Construction in 2026: Where Certainty Comes from Agility’, the new report published by Currie & Brown, a world-leading provider of cost management, project management and advisory services, says in Saudi Arabia, construction activity will continue to rise in 2026 under Vision 2030, even as some projects are rephased.
Cost escalation of around 4% is forecast, driven by reliance on imported and specialist materials, strong demand for Tier 1 and Tier 2 contractors, and shortages of skilled labour.
Data centres and digital infrastructure face the highest increases, at 6–8%, followed by high-end hospitality at 5–7%. Mid-market residential and infrastructure are seeing lower, but still rising, costs.
In the UAE, cons...
Construction costs are expected to rise in the Middle East this year increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors demand remains strong but delivery conditions are becoming more complex says a new report. Construction in 2026: Where Certainty Comes from Agility the new report published by Currie & Brown a world-leading provider of cost management project management and advisory services says in Saudi Arabia construction activity will continue to rise in 2026 under Vision 2030 even as some projects are rephased. Cost escalation of around 4% is forecast driven by reliance on imported and specialist materials strong demand for Tier 1 and Tier 2 contractors and shortages of skilled labour. Data centres and digital infrastructure face the highest increases at 6 8% followed by high-end hospitality at 5 7%. Mid-market residential and infrastructure are seeing lower but still rising costs. In the UAE cons...
Read More
Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
‘Construction in 2026: Where Certainty Comes from Agility’, the new report published by Currie & Brown, a world-leading provider of cost management, project management and advisory services, says in Saudi Arabia, construction activity will continue to rise in 2026 under Vision 2030, even as some projects are rephased.
Cost escalation of around 4% is forecast, driven by reliance on imported and specialist materials, strong demand for Tier 1 and Tier 2 contractors, and shortages of skilled labour.
Data centres and digital infrastructure face the highest increases, at 6–8%, followed by high-end hospitality at 5–7%. Mid-market residential and infrastructure are seeing lower, but still rising, costs.
In the UAE, cons...
Aramex group revenues reached AED6.36 billion ( 1.72 billion) in FY 2025 up 1% YoY while Q4 revenues totalled AED1.70 billion broadly in line with Q4 2024 reflecting sustained growth in domestic express freight forwarding and logistics amid continued global trade realignment the company said. December 2025 delivered the highest monthly revenue since the company s inception underscoring the strength of peak season demand and robust execution across key markets and products. The company s revenue mix continues to evolve as businesses shift supply chains closer to end markets. This structural transition has led to consistent growth in intra-regional activity across the Group s Domestic Express Freight Forwarding and Logistics products offsetting the softness in long-haul International Express. Logistics delivered the strongest performance achieving 18% revenue growth for the full year and 13% growth in Q4 while Domestic Express revenues increased 9%...
Read More
Aramex group revenues reached AED6.36 billion ($1.72 billion) in FY 2025, up 1% YoY, while Q4 revenues totalled AED1.70 billion, broadly in line with Q4 2024, reflecting sustained growth in domestic express, freight forwarding, and logistics amid continued global trade realignment, the company said.
December 2025 delivered the highest monthly revenue since the company’s inception, underscoring the strength of peak season demand and robust execution across key markets and products.
The company’s revenue mix continues to evolve as businesses shift supply chains closer to end markets. This structural transition has led to consistent growth in intra-regional activity across the Group’s Domestic Express, Freight Forwarding, and Logistics products, offsetting the softness in long-haul International Express.
Logistics delivered the strongest performance, achieving 18% revenue growth for the full year and 13% growth in Q4, while Domestic Express revenues increased 9%...
Dubai Land Department (DLD) has announced the launch of Phase II of the Real Estate Tokenisation Project marking the start of resale activity in the secondary market starting from February 20 in a strategic step that reflects the project s transition from a pilot phase to a more advanced operational stage within a regulated model that enhances the real estate market s readiness for a future driven by advanced technologies. This phase follows the pilot stage launched by the Department in March under the REES Real Estate Innovation Initiative in collaboration with the Virtual Assets Regulatory Authority (VARA) and strategic partners. During the pilot phase the regulatory legislative and technical frameworks for real estate tokenisation on title deeds were tested reinforcing Dubai s position as the first real estate registration authority in the region to adopt this innovative model within a regulated environment said DLD in a statement. Phase II focuses on...
Read More
Dubai Land Department (DLD) has announced the launch of Phase II of the Real Estate Tokenisation Project, marking the start of resale activity in the secondary market starting from February 20, in a strategic step that reflects the project’s transition from a pilot phase to a more advanced operational stage, within a regulated model that enhances the real estate market’s readiness for a future driven by advanced technologies.
This phase follows the pilot stage launched by the Department in March under the “REES Real Estate Innovation Initiative,” in collaboration with the Virtual Assets Regulatory Authority (VARA) and strategic partners.
During the pilot phase, the regulatory, legislative, and technical frameworks for real estate tokenisation on title deeds were tested, reinforcing Dubai’s position as the first real estate registration authority in the region to adopt this innovative model within a regulated environment, said DLD in a statement.
Phase II focuses on...
The rapid growth of the immersive technologies sector is playing an increasingly important role in reshaping the UAE s real estate sector as the country continues to strengthen its position as a global hub for innovation investment and smart urban development according to Australian-based Lifesize Plans Dubai. A global leader in life-sized architectural projections it focuses on Augmented Reality (AR) VR technologies and life-sized scale projections. The adoption of these advancements is enhancing how properties are designed sold and experienced while delivering greater efficiency accuracy and customer engagement across the real estate value chain. The UAE immersive virtual reality (VR) market alone generated approximately AED366.148 million ( 99.6 million) in revenue in 2024 and is expected to grow more than fourfold to reach AED1.6 billion ( 435 million) by 2030 expanding at a compound annual growth rate (CAGR) of around 28% according to market intellig...
Read More
The rapid growth of the immersive technologies sector is playing an increasingly important role in reshaping the UAE’s real estate sector, as the country continues to strengthen its position as a global hub for innovation, investment and smart urban development, according to Australian-based Lifesize Plans Dubai.
A global leader in life-sized architectural projections, it focuses on Augmented Reality (AR), VR technologies and life-sized scale projections.
The adoption of these advancements is enhancing how properties are designed, sold and experienced, while delivering greater efficiency, accuracy and customer engagement across the real estate value chain.
The UAE immersive virtual reality (VR) market alone generated approximately AED366.148 million ($99.6 million) in revenue in 2024 and is expected to grow more than fourfold to reach AED1.6 billion ($435 million) by 2030, expanding at a compound annual growth rate (CAGR) of around 28%, according to market intellig...
MosBuild 2026 is emerging as a strategic gateway to Russia s 260 billion construction market as suppliers and contractors increasingly look to regional partners to meet demand across building materials interiors and infrastructure. Set to take place from March 31 to April 3 2026 at Crocus Expo IEC in Moscow the 31st edition of MosBuild comes at a pivotal moment for the industry offering manufacturers and solution providers direct access to Russia s vast construction ecosystem and thousands of high-level decision-makers. Organisers expect the 2026 show to be the largest in its history reflecting the growing importance of the exhibition as a deal-making and market-entry platform for Eurasia. Since its launch in 1995 MosBuild has evolved into the region s most influential international exhibition for construction renovation architecture and interior design. Each year it connects producers of building materials sanitary ware furniture and interior solutions ...
Read More
MosBuild 2026 is emerging as a strategic gateway to Russia’s $260 billion construction market, as suppliers and contractors increasingly look to regional partners to meet demand across building materials, interiors, and infrastructure.
Set to take place from March 31 to April 3, 2026, at Crocus Expo IEC in Moscow, the 31st edition of MosBuild comes at a pivotal moment for the industry, offering manufacturers and solution providers direct access to Russia’s vast construction ecosystem and thousands of high-level decision-makers. Organisers expect the 2026 show to be the largest in its history, reflecting the growing importance of the exhibition as a deal-making and market-entry platform for Eurasia.
Since its launch in 1995, MosBuild has evolved into the region’s most influential international exhibition for construction, renovation, architecture, and interior design. Each year, it connects producers of building materials, sanitary ware, furniture, and interior solutions ...
PlanRadar a digital platform for construction and real estate project management has launched the Construction Site Templates Playbook a new practical guide designed to help project teams strengthen day-to-day execution control through disciplined repeatable site documentation. As construction and real estate developments across the GCC increase in scale and complexity site teams operate under continuous pressure: multiple trades working in parallel frequent inspections tight programmes and strict compliance requirements said a statement from PlanRadar. In this environment performance issues often begin with simple breakdowns - unclear scope clarifications delayed approvals missed inspections fragmented safety reporting and incomplete records - then surface later during audits handover or dispute resolution when time and cost impacts are already locked in. The Construction Site Templates Playbook addresses this challenge by positioning templat...
Read More
PlanRadar, a digital platform for construction and real estate project management, has launched the Construction Site Templates Playbook, a new practical guide designed to help project teams strengthen day-to-day execution control through disciplined, repeatable site documentation.
As construction and real estate developments across the GCC increase in scale and complexity, site teams operate under continuous pressure: multiple trades working in parallel, frequent inspections, tight programmes, and strict compliance requirements, said a statement from PlanRadar.
In this environment, performance issues often begin with simple breakdowns - unclear scope clarifications, delayed approvals, missed inspections, fragmented safety reporting, and incomplete records - then surface later during audits, handover, or dispute resolution when time and cost impacts are already locked in.
The Construction Site Templates Playbook addresses this challenge by positioning templat...
Omran Group the Oman Tourism Development Company responsible for major national tourism infrastructure has issued an invitation to experienced contractors to participate in the re-tender for detailed design and construction of the Ras Al Shajar Main Construction Package. The move is part of a broader push to advance sustainable eco-tourism developments across the sultanate. The tender (No. 49/2025) was published on February 8 on Omran s supplier gateway. Interested companies now have until March 14 2026 to submit their bids through the Omran s online portal. Omran said the re-tender follows an earlier procurement phase and aims to secure qualified firms with proven experience in detailed design and construction of complex tourism-related infrastructure. The successful bidder will be responsible for delivering end-to-end services including technical design procurement construction testing commissioning and final handover in full compliance ...
Read More
Omran Group, the Oman Tourism Development Company responsible for major national tourism infrastructure, has issued an invitation to experienced contractors to participate in the re-tender for detailed design and construction of the Ras Al Shajar Main Construction Package.
The move is part of a broader push to advance sustainable eco-tourism developments across the sultanate.
The tender (No. 49/2025) was published on February 8 on Omran's supplier gateway. Interested companies now have until March 14, 2026 to submit their bids through the Omran's online portal.
Omran said the re-tender follows an earlier procurement phase and aims to secure qualified firms with proven experience in detailed design and construction of complex tourism-related infrastructure.
The successful bidder will be responsible for delivering end-to-end services, including technical design, procurement, construction, testing, commissioning and final handover in full compliance ...
With the Middle East and Africa (MEA) expecting a 3 trillion project pipeline in real estate and infrastructure between 2026-2030 the region is poised for sustained high performance in 2026 according to JLL. The UAE stands as a cornerstone of this growth with projections indicating 795 billion in project cash flow over the same period of which 470 billion has been allocated for real estate. Speaking at the annual Navigating Tomorrow: Critical Insights for the UAE s Evolving Real Estate Landscape event in Dubai James Allan CEO UAE Egypt and Africa JLL said: Strong market fundamentals boosted the Middle East and Africa real estate market in 2025 setting the momentum for sustained performance across asset classes in 2026. We saw record residential transactions double-digit growth in industrial and logistics rents and an exceptionally tight 1% office vacancy rate in 2025 driven by professional talent migration substantial private investment and str...
Read More
With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.
The UAE stands as a cornerstone of this growth, with projections indicating $795 billion in project cash flow over the same period, of which $470 billion has been allocated for real estate.
Speaking at the annual ‘Navigating Tomorrow: Critical Insights for the UAE’s Evolving Real Estate Landscape’ event in Dubai, James Allan, CEO, UAE, Egypt and Africa JLL, said: “Strong market fundamentals boosted the Middle East and Africa real estate market in 2025, setting the momentum for sustained performance across asset classes in 2026. We saw record residential transactions, double-digit growth in industrial and logistics rents, and an exceptionally tight 1% office vacancy rate in 2025, driven by professional talent migration, substantial private investment, and str...
The fourth quarter of 2025 saw a shift in the narrative towards a more delivery focused era for Saudi s real estate market with project rationalisation and rephasing now becoming apparent as government investments refocused to Expo and other major drivers says a CBRE Middle East report. CBRE Middle East a global leader in commercial real estate released today its Q4 2025 Saudi Arabia Real Estate Market Review highlighting a decisive shift in the Kingdom s growth narrative as the economy moves from regulatory groundwork to accelerated execution. Real GDP expanded by 4.8% year on year in Q3 2025 supported by strengthening oil activity and a resilient non oil sector while inflation continued to ease and net foreign direct investment surged by 34.5% over the same period. Regulatory advances particularly the finalisation of the Foreign Ownership Law and the launch of the Saudi Properties digital portal played a fundamental role in guiding market sentimen...
Read More
The fourth quarter of 2025 saw a shift in the narrative towards a more delivery‑focused era for Saudi’s real estate market, with project rationalisation and rephasing now becoming apparent, as government investments refocused to Expo and other major drivers, says a CBRE Middle East report.
CBRE Middle East, a global leader in commercial real estate, released today its Q4 2025 Saudi Arabia Real Estate Market Review, highlighting a decisive shift in the Kingdom’s growth narrative as the economy moves from regulatory groundwork to accelerated execution.
Real GDP expanded by 4.8% year‑on‑year in Q3 2025, supported by strengthening oil activity and a resilient non‑oil sector, while inflation continued to ease and net foreign direct investment surged by 34.5% over the same period.
Regulatory advances, particularly the finalisation of the Foreign Ownership Law and the launch of the Saudi Properties digital portal, played a fundamental role in guiding market sentimen...
Combined Group Contracting Company (CGC) a specialist in the construction of residential commercial and governmental buildings as well as roads and oil and gas projects has signed multiple high-value contracts worth 210 million with Kuwait Oil Company. The scope of work includes the construction of a new network for injecting surplus water into Northern Kuwait in Rawdatain area valued at KD23.7 million and a new network for injecting surplus water into Northern Kuwait in the Sabriya/Bahra Area with a contract value of KD36 million said CGC in its Boursa Kuwait filing. In addition CGC will undertake the construction of a perimeter fence and associated facilities at AIV valued at KD3.3 million along with the execution of infrastructure works at AIV amounting to KD1.69 million. These newly awarded projects reflect CGC s proven expertise in executing complex oil and gas infrastructure developments it added.- TradeArabia News Service ...
Read More
Combined Group Contracting Company (CGC), a specialist in the construction of residential, commercial and governmental buildings as well as roads and oil and gas projects, has signed multiple high-value contracts worth $210 million with Kuwait Oil Company.
The scope of work includes the construction of a new network for injecting surplus water into Northern Kuwait in Rawdatain area valued at KD23.7 million and a new network for injecting surplus water into Northern Kuwait in the Sabriya/Bahra Area with a contract value of KD36 million, said CGC in its Boursa Kuwait filing.
In addition, CGC will undertake the construction of a perimeter fence and associated facilities at AIV, valued at KD3.3 million, along with the execution of infrastructure works at AIV amounting to KD1.69 million.
These newly awarded projects reflect CGC’s proven expertise in executing complex oil and gas infrastructure developments, it added.-TradeArabia News Service
...Eni and Q8 Italy announce a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo Sicily. The transformation plan for the Versalis site in Priolo received formal approval from Eni and Kuwait Petroleum Corporation Board of Directors which follows the official binding offer submitted by Q8. The joint project between Eni and Q8 Italy for the construction and subsequent industrial operation of the plant further strengthens the thirty year partnership between the two companies which began with the Milazzo refinery in 1996. The project will draw on the consolidated industrial experience of both partners and will benefit from Eni s specific technical and operational expertise in applying the Ecofining technology which enables the conversion of waste residues and vegetable oils into biofuels that can also be used&nbs...
Read More
Eni and Q8 Italy announce a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo, Sicily.
The transformation
plan for the Versalis site in Priolo received formal approval from Eni and
Kuwait Petroleum Corporation Board of Directors, which follows the official
binding offer submitted by Q8.
The joint project
between Eni and Q8 Italy for the construction and subsequent industrial
operation of the plant further strengthens the thirty year partnership between
the two companies, which began with the Milazzo refinery in 1996.
The project will draw on the consolidated industrial experience of both partners and will benefit from Eni’s specific technical and operational expertise in applying the Ecofining technology, which enables the conversion of waste, residues and vegetable oils into biofuels that can also be used&nbs...
Oman s Ministry of Finance and the Saudi Fund for Development (SFD) have signed a memorandum of understanding (MoU) to finance the construction of the Thumrait Industrial City project. The project aims to develop the industrial logistical developmental and social sectors in Oman s the Dhofar Governorate by establishing an integrated industrial city equipped with comprehensive infrastructure services in the Wilayat of Thumrait while supporting and encouraging the private sector to contribute to the economic development of the Sultanate said an Oman News Agency report. The project encompasses the implementation and outfitting of administrative buildings public services and facilities as well as infrastructure works roads electrical installations and the water network. It also includes the construction of two sewage treatment plants and essential city utilities in addition to the provision of engineering consultancy services for the project. The MoU was si...
Read More
Oman's Ministry of Finance and the Saudi Fund for Development (SFD) have signed a memorandum of understanding (MoU) to finance the construction of the Thumrait Industrial City project.
The project aims to develop the industrial, logistical, developmental, and social sectors in Oman's the Dhofar Governorate by establishing an integrated industrial city equipped with comprehensive infrastructure services in the Wilayat of Thumrait, while supporting and encouraging the private sector to contribute to the economic development of the Sultanate, said an Oman News Agency report.
The project encompasses the implementation and outfitting of administrative buildings, public services, and facilities, as well as infrastructure works, roads, electrical installations, and the water network. It also includes the construction of two sewage treatment plants and essential city utilities, in addition to the provision of engineering consultancy services for the project.
The MoU was si...
A consortium led by top Kuwaiti group National Investments Company - with key partners Al Arkan Kuwait Real Estate Company Buyout Holding Company Osoul Investment Company and Real Estate House Company - has secured the contract for the operation and maintenance of the Al Muthanna Complex. The contract was awarded by Kuwait s Public-Private Partnership Authority to the consortium after it achieved the highest financial and technical bid in the tender. The scope of work includes rehabilitation renovation development major and routine maintenance management and operation under a 15-year usufruct arrangement said National Investments Company in a statement. On completion the project will transform the area into a vibrant cultural commercial and tourist destination combining heritage modernity and interactive experiences. The development will provide a comprehensive experience combining shopping dining entertainment culture interactive spaces an...
Read More
A consortium led by top Kuwaiti group National Investments Company - with key partners Al Arkan Kuwait Real Estate Company, Buyout Holding Company, Osoul Investment Company and Real Estate House Company - has secured the contract for the operation and maintenance of the Al Muthanna Complex.
The contract was awarded by Kuwait's Public-Private Partnership Authority to the consortium after it achieved the highest financial and technical bid in the tender.
The scope of work includes rehabilitation, renovation, development, major and routine maintenance, management, and operation under a 15-year usufruct arrangement, said National Investments Company in a statement.
On completion, the project will transform the area into a vibrant cultural, commercial, and tourist destination, combining heritage, modernity, and interactive experiences.
The development will provide a comprehensive experience combining shopping, dining, entertainment, culture, interactive spaces, an...
SIBS a major international specialist in industrialised volumetric modular construction has signed a strategic collaboration with Linq Modular a part of UAE-based ALEC Holdings to accelerate the delivery of large-scale modular developments across the Middle East. Announcing the deal SIBS said the collaboration brings together its proven global manufacturing capability with Linq s on-the-ground delivery expertise and ALEC Holdings deep regional construction experience. Together the companies aim to unlock the next phase of industrialised construction in the region delivering faster more predictable and more sustainable residential and mixed-use developments at scale it stated. For Linq the collaboration builds on its early success in pioneering prefabricated and modular construction in the Middle East. Since its establishment in 2020 the ALEC subsidiary had demonstrated the commercial and technical viability of modular construction fo...
Read More
SIBS, a major international specialist in industrialised, volumetric modular construction, has signed a strategic collaboration with Linq Modular, a part of UAE-based ALEC Holdings, to accelerate the delivery of large-scale, modular developments across the Middle East.
Announcing the deal, SIBS said the collaboration brings together its proven global manufacturing capability with Linq’s on-the-ground delivery expertise and ALEC Holdings’ deep regional construction experience.
Together, the companies aim to unlock the next phase of industrialised construction in the region, delivering faster, more predictable and more sustainable residential and mixed-use developments at scale, it stated.
For Linq, the collaboration builds on its early success in pioneering prefabricated and modular construction in the Middle East.
Since its establishment in 2020, the ALEC subsidiary had demonstrated the commercial and technical viability of modular construction fo...
The Middle East and North Africa is outpacing Europe as the world s second fastest-growing wellness real estate market as global buyers make quality of life their main investment goal said a report. The global wellness real estate market which has more than doubled since 2019 is projected to reach 1.1 trillion by 2029 in a trend that is reshaping the luxury property sector. The Mena region s wellness real estate market is expanding at just over 22% annually just behind Latin America Caribbean (24%) and ahead of Europe (22.4%) and Dubai has emerged as the regional hub according to a report by Global Wellness Institute (GWI). Over the last few years there has been a big change in the way luxury real estate is defined and valued says Talal M. Al Gaddah CEO and Founder of the Keturah luxury brand which is establishing a strong presence in Dubai. Today buyers seek homes to improve their health and wellbeing. They are now asking Is this home...
Read More
The Middle East and North Africa is outpacing Europe as the world's second fastest-growing wellness real estate market as global buyers make quality of life their main investment goal, said a report.
The global wellness real estate market, which has more than doubled since 2019, is projected to reach $1.1 trillion by 2029 in a trend that is reshaping the luxury property sector.
The Mena region’s wellness real estate market is expanding at just over 22% annually, just behind Latin America–Caribbean (24%), and ahead of Europe (22.4%), and Dubai has emerged as the regional hub, according to a report by Global Wellness Institute (GWI).
"Over the last few years, there has been a big change in the way luxury real estate is defined and valued," says Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand, which is establishing a strong presence in Dubai.
"Today, buyers seek homes to improve their health and wellbeing. They are now asking, ‘Is this home...
Oman s Sultan Haitham City has issued three new construction tenders under Package Nine of its development programme as work accelerates on infrastructure projects already awarded at a combined value of 205 million Omani rials ( 533 million) reported ONA. The new tenders cover streetscaping and landscaping of main roads construction of the city s Central Park and Wadi and development of a rehabilitation complex for persons with disabilities stated the report citing officials of the Ministry of Housing and Urban Planning. The awards follow the allocation of eight major infrastructure packages with construction progressing across residential districts and key public facilities in the planned city west of Muscat. Package 9-A includes streetscaping and aesthetic landscaping works along primary road corridors covering tree planting pavements decorative elements and urban façades said the report. Package 9-B covers the construction of the Central P...
Read More
Oman’s Sultan Haitham City has issued three new construction tenders under Package Nine of its development programme, as work accelerates on infrastructure projects already awarded at a combined value of 205 million Omani rials ($533 million), reported ONA.
The new tenders cover streetscaping and landscaping of main roads, construction of the city’s Central Park and Wadi, and development of a rehabilitation complex for persons with disabilities, stated the report citing officials of the Ministry of Housing and Urban Planning.
The awards follow the allocation of eight major infrastructure packages, with construction progressing across residential districts and key public facilities in the planned city west of Muscat.
Package 9-A includes streetscaping and aesthetic landscaping works along primary road corridors, covering tree planting, pavements, decorative elements and urban façades, said the report.
Package 9-B covers the construction of the Central P...
Dubai Municipality has announced the launch of a global challenge that will see the contestants race to construct the world s first residential villa entirely using robotic construction systems. The robotic villa project will be implemented in partnership with US-based Zacua Ventures and German group Würth with the participation of construction robotics companies alongside local contractors and engineering firms. Headquartered in California Zacua Ventures is a global early-stage venture fund tackling world s biggest challenges across sustainability productivity and urbanization and backed by the most innovative corporates in the built world while The Wurth Group is a leader in the development production and sale of fastening and assembly materials. The announcement was made during an event marking the activation of the Construction Innovation and Research Centre (04 ConTech Valley) in partnership with Expo City Dubai following the signing of an ag...
Read More
Dubai Municipality has announced the launch of a global challenge that will see the contestants race to construct the world’s first residential villa entirely using robotic construction systems.
The robotic villa project will be implemented in partnership with US-based Zacua Ventures and German group Würth, with the participation of construction robotics companies alongside local contractors and engineering firms.
Headquartered in California, Zacua Ventures is a global early-stage venture fund tackling world's biggest challenges across sustainability, productivity and urbanization and backed by the most innovative corporates in the built world, while The Wurth Group is a leader in the development, production, and sale of fastening and assembly materials.
The announcement was made during an event marking the activation of the Construction Innovation and Research Centre (04 ConTech Valley) in partnership with Expo City Dubai, following the signing of an ag...
Sharjah s industrial real estate market has achieved unprecedented growth in FY 2025 with its transaction values surging to hit AED9.24 billion ( 2.5 billion) up 88.7% over the previous year s figures of AED4.9 billion ( 1.3 billion) thus reflecting growing investor confidence and the attractiveness of its industrial investment environment reported Wam . This announcement was made during a panel discussion titled The Future of Industrial Real Estate organised by the department as part of the Sharjah Real Estate Exhibition (ACRES 2026). It was attended by a select group of officials and experts and moderated by Dr. Abdul Salam Al Hammadi. Obaid Al Mazloum Director of the Real Estate Projects Regulation Department at Sharjah Real Estate Registration Department said this remarkable growth is not limited to the increase in the number of industrial properties but also reflects a qualitative shift in the volume of investments and the quality of pro...
Read More
Sharjah's industrial real estate market has achieved unprecedented growth in FY 2025 with its transaction values surging to hit AED9.24 billion ($2.5 billion), up 88.7% over the previous year's figures of AED4.9 billion ($1.3 billion), thus reflecting growing investor confidence and the attractiveness of its industrial investment environment, reported Wam.
This announcement was made during a panel discussion titled "The Future of Industrial Real Estate," organised by the department as part of the Sharjah Real Estate Exhibition (ACRES 2026).
It was attended by a select group of officials and experts and moderated by Dr. Abdul Salam Al Hammadi.
Obaid Al Mazloum, Director of the Real Estate Projects Regulation Department at Sharjah Real Estate Registration Department, said this remarkable growth is not limited to the increase in the number of industrial properties, but also reflects a qualitative shift in the volume of investments and the quality of pro...
Saudi Arabia s Real Estate General Authority (REGA) has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. The legislation took effect on January 22 and is being implemented as part of the national real estate legislative system. With this all provisions are now enforceable under the national real estate framework. Announcing this REGA said the system allows foreign individuals companies and entities to own property across Saudi Arabia with ownership permitted in major cities including the capital Riyadh and port city Jeddah. However property ownership in the holy cities of Makkah and Madinah remains restricted to Saudi companies and Muslim individuals in line with a regulatory framework based on the Geographic Zones document which is set to be announced in the first quarter of 2026. According to REGA the applications for property ownership b...
Read More
Saudi Arabia’s Real Estate General Authority (REGA) has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect.
The legislation took effect on January 22 and is being implemented as part of the national real estate legislative system. With this, all provisions are now enforceable under the national real estate framework.
Announcing this, REGA said the system allows foreign individuals, companies and entities to own property across Saudi Arabia, with ownership permitted in major cities including the capital Riyadh and port city Jeddah.
However, property ownership in the holy cities of Makkah and Madinah remains restricted to Saudi companies and Muslim individuals, in line with a regulatory framework based on the Geographic Zones document, which is set to be announced in the first quarter of 2026.
According to REGA, the applications for property ownership b...
THi Holding Management Corporation (THi) marked a major milestone with the groundbreaking of the THi Ras Al Khaimah Smart Manufacturing Industrial Park officially commencing construction of its first industrial park project in the Middle East. The project represents the first development under THi s Middle East industrial and real estate platform and is a cornerstone of the company s long-term strategy to support advanced manufacturing and industrial localisation in the region. The project is being developed on a site covering over 300 000 sq m within Ras Al Khaimah Economic Zone (RAKEZ) s Al Hamra area and is designed to serve high-value manufacturing and industrial enterprises seeking modern scalable and high-specification facilities in the UAE. The groundbreaking ceremony was attended by representatives from local authorities financial institutions and industrial partners from the regional and international business community underscoring the strateg...
Read More
THi Holding Management Corporation (THi) marked a major milestone with the groundbreaking of the THi Ras Al Khaimah Smart Manufacturing Industrial Park, officially commencing construction of its first industrial park project in the Middle East.
The project represents the first development under THi’s Middle East industrial and real estate platform and is a cornerstone of the company’s long-term strategy to support advanced manufacturing and industrial localisation in the region.
The project is being developed on a site covering over 300,000 sq m within Ras Al Khaimah Economic Zone (RAKEZ)’s Al Hamra area, and is designed to serve high-value manufacturing and industrial enterprises seeking modern, scalable and high-specification facilities in the UAE.
The groundbreaking ceremony was attended by representatives from local authorities, financial institutions, and industrial partners from the regional and international business community, underscoring the strateg...
Kuwait-based United Gulf Construction Company has secured a major contract worth KD97.4 million ( 317 million) from Ministry of Electricity & Water & Renewable Energy for the construction maintenance and development of key facilities at its Doha Water Distribution Complex. The scope of work includes development of a new pump station at the complex along with associated works as part of the ministry s efforts to boost Kuwait s water infrastructure capacity said the ministry in a statement. Upon completion the water storage capacity will increase by approximately 130 million imperial gallons at the Doha Water Distribution Complex it added. As per the ministry s implementation plan the entire project is scheduled for completion within a five-year period. Once operational it is expected to play a vital role in strengthening water security in Kuwait boosting the pumping capacity to 220 million imperial gallons per day it added. /p...
Read More
Kuwait-based United Gulf Construction Company has secured a major contract worth KD97.4 million ($317 million) from Ministry of Electricity & Water & Renewable Energy for the construction, maintenance and development of key facilities at its Doha Water Distribution Complex.
The scope of work includes development of a new pump station at the complex along with associated works as part of the ministry's efforts to boost Kuwait’s water infrastructure capacity, said the ministry in a statement.
Upon completion, the water storage capacity will increase by approximately 130 million imperial gallons at the Doha Water Distribution Complex, it added.
As per the ministry’s implementation plan, the entire project is scheduled for completion within a five-year period. Once operational, it is expected to play a vital role in strengthening water security in Kuwait, boosting the pumping capacity to 220 million imperial gallons per day, it added.
AD Ports Group has announced that it has signed an agreement with Nigeria s Federal Ministry of Marine and Blue Economy to explore cooperation in ports logistics maritime services and digital trade infrastructure. The agreement follows a meeting between AD Ports Group Managing Director and Chief Executive Mohamed Juma Al Shamisi and Nigerian President Bola Ahmed Tinubu on potential future cooperation in trade shipping and logistics. The MoU was signed by Nigeria s Minister of Marine and Blue Economy Adegboyega Oyetola and Al Shamisi. It sets out a framework to assess investment and development opportunities across Nigeria s ports and wider maritime ecosystem including logistics services economic and free zones and digital trade platforms. Nigeria is Africa s largest economy and one of the continent s key maritime and trade hubs with an extensive coastline and major port infrastructure. This MoU represents an important step in advancing Nigeria s mar...
Read More
AD Ports Group has announced that it has signed an agreement with Nigeria’s Federal Ministry of Marine and Blue Economy to explore cooperation in ports, logistics, maritime services and digital trade infrastructure.
The agreement follows a meeting between AD Ports Group Managing Director and Chief Executive Mohamed Juma Al Shamisi and Nigerian President Bola Ahmed Tinubu on potential future cooperation in trade, shipping and logistics.
The MoU was signed by Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, and Al Shamisi. It sets out a framework to assess investment and development opportunities across Nigeria’s ports and wider maritime ecosystem, including logistics services, economic and free zones, and digital trade platforms.
Nigeria is Africa’s largest economy and one of the continent’s key maritime and trade hubs, with an extensive coastline and major port infrastructure.
“This MoU represents an important step in advancing Nigeria’s mar...
Off-plan offices logistics hubs and community retail remain key focus areas in Dubai s commercial real estate segment as both domestic and international investors refine their strategies in response to evolving demand and market conditions says global property consultancy Chestertons. Chestertons market research suggests that the regulatory environment in 2026 will remain supportive of commercial activity without causing a significant shift in overall investment volumes. Recent updates to commercial law are set to enhance operational flexibility by allowing companies to re-domicile more easily between free zones mainland jurisdictions and across different emirates. While most commercial licences continue to require a physical office presence demand for office space is therefore expected to remain steady. Where investor interest is concentrating Investor attention in 2026 is expected to remain focused on three core sectors: off-plan office spaces...
Read More
Off-plan offices, logistics hubs, and community retail remain key focus areas in Dubai's commercial real estate segment as both domestic and international investors refine their strategies in response to evolving demand and market conditions, says global property consultancy Chestertons.
Chestertons’ market research suggests that the regulatory environment in 2026 will remain supportive of commercial activity without causing a significant shift in overall investment volumes. Recent updates to commercial law are set to enhance operational flexibility by allowing companies to re-domicile more easily between free zones, mainland jurisdictions, and across different emirates. While most commercial licences continue to require a physical office presence, demand for office space is therefore expected to remain steady.
Where investor interest is concentrating
Investor attention in 2026 is expected to remain focused on three core sectors: off-plan office spaces...
Dubai-based Avenew Development has awarded the main construction contract for Avenew 888 its flagship residential development in Dubai South to Al Masaood National General Contracting. Avenew 888 is a residential development set across five contemporary buildings conceived to redefine urban living through balance connection and lasting vitality. Rooted in refined architecture and purposeful planning the community brings together modern residences shared spaces and expansive green landscapes to create an environment shaped by harmony and everyday ease. The development forms part of a wider AED1.3 billion ( 354 million) master-planned vision representing a significant milestone in Avenew Development s commitment to delivering communities that combine architectural clarity with long-term value. The first phase of Avenew 888 Modo was launched in July 2025 marking the beginning of its residential offering. Designed around co-living principles and share...
Read More
Dubai-based Avenew Development has awarded the main construction contract for Avenew 888, its flagship residential development in Dubai South, to Al Masaood National General Contracting.
Avenew 888 is a residential development set across five contemporary buildings, conceived to redefine urban living through balance, connection, and lasting vitality. Rooted in refined architecture and purposeful planning, the community brings together modern residences, shared spaces, and expansive green landscapes to create an environment shaped by harmony and everyday ease.
The development forms part of a wider AED1.3 billion ($354 million) master-planned vision, representing a significant milestone in Avenew Development’s commitment to delivering communities that combine architectural clarity with long-term value.
The first phase of Avenew 888, Modo, was launched in July 2025, marking the beginning of its residential offering. Designed around co-living principles and share...
Governments across the GCC deployed an estimated 110 billion in investment expenditure in 2024 with significant allocations directed toward infrastructure special economic zones and logistics-linked connectivity. The UAE and Saudi Arabia have emerged as the region s primary engines of transport and trade transformation with combined logistics investments and accelerating demand for project cargo and heavy-lift logistics. These dynamics will be in sharp focus at the 10th edition of Breakbulk Middle East 2026 in Dubai this February. Breakbulk Middle East will be held at the Dubai World Trade Centre on February 4 to 5 convening global companies responsible for planning and executing complex cargo movements across energy infrastructure renewables industrial manufacturing and mining. The event brings together project owners EPCs freight forwarders carriers ports and terminals at the point where capital deployment route selection and execution ca...
Read More
Governments across the GCC deployed an estimated $110 billion in investment expenditure in 2024, with significant allocations directed toward infrastructure, special economic zones and logistics-linked connectivity. The UAE and Saudi Arabia have emerged as the region’s primary engines of transport and trade transformation, with combined logistics investments and accelerating demand for project cargo and heavy-lift logistics.
These dynamics will be in sharp focus at the 10th edition of Breakbulk Middle East 2026 in Dubai this February.
Breakbulk Middle East will be held at the Dubai World Trade Centre on February 4 to 5, convening global companies responsible for planning and executing complex cargo movements across energy, infrastructure, renewables, industrial manufacturing and mining.
The event brings together project owners, EPCs, freight forwarders, carriers, ports and terminals at the point where capital deployment, route selection and execution ca...
Kanoo Real Estate a division of the Yusuf bin Ahmed Kanoo Group has officially inaugurated the Sitra Service Station in the Kingdom of Bahrain. The launch reflects Kanoo Real Estate s continued focus on delivering high-quality community-oriented developments that support economic diversification and evolving mobility and lifestyle needs while strengthening sustainable value-driven partnerships across sectors including automotive retail financial services and F&B marking a significant addition to Bahrain s infrastructure landscape and reinforcing private-sector collaboration in advancing integrated urban destinations. The opening ceremony was attended by senior government officials and industry leaders including Dr Mohamed Bin Mubarak Bin Daina Minister of Oil and Environment and Special Envoy for Climate Affairs; Fawzi Ahmed Kanoo the Group Chairman of Yusuf Bin Ahmed Kanoo Essa Najibi the Chairman of Bapco Tazweed alongside other senior management membe...
Read More
Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, has officially inaugurated the Sitra Service Station in the Kingdom of Bahrain.
The launch reflects Kanoo Real Estate’s continued focus on delivering high-quality, community-oriented developments that support economic diversification and evolving mobility and lifestyle needs, while strengthening sustainable, value-driven partnerships across sectors including automotive, retail, financial services and F&B, marking a significant addition to Bahrain’s infrastructure landscape and reinforcing private-sector collaboration in advancing integrated urban destinations.
The opening ceremony was attended by senior government officials and industry leaders including Dr Mohamed Bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs; Fawzi Ahmed Kanoo, the Group Chairman of Yusuf Bin Ahmed Kanoo, Essa Najibi, the Chairman of Bapco Tazweed, alongside other senior management membe...
Sharjah Real Estate Exhibition (Acres 2026) will open its doors this month featuring more than 200 projects by major property development and investment companies from across the UAE. To be held under the patronage of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi Crown Prince and Deputy Ruler of Sharjah Acres runs from January 21 to 24 at Expo Centre Sharjah. The announcement was made by the Sharjah Chamber of Commerce and Industry and the Sharjah Real Estate Registration Department at a press conference held in the Chamber s headquarters. One of the UAE s largest real estate expos Acres spans more than 10 000 sq m and will be attracting over 15 000 visitors. The event features residential commercial and industrial projects including new launches completed developments and projects under construction alongside exclusive offers flexible payment plans and financing solutions. Mohammed Ahmed Amin Al Awadi Director-General of the Sharjah...
Read More
Sharjah Real Estate Exhibition (Acres 2026) will open its doors this month featuring more than 200 projects by major property development and investment companies from across the UAE.
To be held under the patronage of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Acres runs from January 21 to 24 at Expo Centre Sharjah.
The announcement was made by the Sharjah Chamber of Commerce and Industry and the Sharjah Real Estate Registration Department at a press conference held in the Chamber’s headquarters.
One of the UAE’s largest real estate expos, Acres spans more than 10,000 sq m and will be attracting over 15,000 visitors.
The event features residential, commercial and industrial projects, including new launches, completed developments and projects under construction, alongside exclusive offers, flexible payment plans and financing solutions.
Mohammed Ahmed Amin Al Awadi, Director-General of the Sharjah...
AD Ports Group a leading global enabler of integrated trade industry and logistics solutions has announced a series of senior executive appointments to its Logistics Cluster further strengthening its leadership team under the direction of Jochen Thewes who was recently appointed as the CEO of the Cluster. The appointments mark a significant step in advancing the Group s drive to position its Logistics Cluster amongst leading global logistics services providers building on the strong foundations and global footprint established through the Group s logistics arm Noatum Logistics. Global leadership appointments To drive the next phase of global product growth Thorsten Meincke joins Noatum Logistics as the Executive Vice President - Ocean and Air Freight. With more than two decades of international leadership experience Thorsten previously served as the COO and Management Board Member at DB Schenker overseeing global air and ocean freight operati...
Read More
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has announced a series of senior executive appointments to its Logistics Cluster, further strengthening its leadership team under the direction of Jochen Thewes, who was recently appointed as the CEO of the Cluster.
The appointments mark a significant step in advancing the Group’s drive to position its Logistics Cluster amongst leading global logistics services providers, building on the strong foundations and global footprint established through the Group’s logistics arm, Noatum Logistics.
Global leadership appointments
To drive the next phase of global product growth, Thorsten Meincke joins Noatum Logistics as the Executive Vice President - Ocean and Air Freight. With more than two decades of international leadership experience, Thorsten previously served as the COO and Management Board Member at DB Schenker, overseeing global air and ocean freight operati...
Jeddah Tower Saudi Arabia s landmark mega tall mixed-use tower achieved a construction milestone last year surpassing 80 floors by December. When completed it will exceed 1 000 metres becoming the first human-made structure to reach a full kilometre said Thornton Tomasetti a leading US engineering consulting firm involved in the mega project. Thornton Tomasetti is providing structural design services to Adrian Smith Gordon Gill Architecture combining bespoke high-performance designs with advanced structural systems and materials in close co-ordination with the project team including Langan Engineering & Environmental Services RWDI Dar and Saudi Binladin Group (SBG).- TradeArabia News Service ...
Read More
Jeddah Tower, Saudi Arabia’s landmark mega tall mixed-use tower, achieved a construction milestone last year, surpassing 80 floors by December.
When completed, it will exceed 1,000 metres, becoming the first human-made structure to reach a full kilometre, said Thornton Tomasetti, a leading US engineering consulting firm, involved in the mega project.
Thornton Tomasetti is providing structural design services to Adrian Smith + Gordon Gill Architecture, combining bespoke high-performance designs with advanced structural systems and materials, in close co-ordination with the project team, including Langan Engineering & Environmental Services, RWDI, Dar and Saudi Binladin Group (SBG).-TradeArabia News Service
Economic investment and services activity within the GCC expanded by the end of 2024 according to the Gulf Common Market Facts and Figures publication issued by the GCC Statistical Centre (GCC-Stat). The number of public joint-stock companies whose shares are permitted to be traded by GCC citizens rose to 748 up 30.3% over the previous year. The total capital of these companies reached 549 billion while the number of shareholders stood at 246 600 in 2024. GCC-Stat said the figures reflect the application of the non-discrimination principle enabling GCC citizens to trade and buy shares and establish companies across GCC capital markets deepening financial markets and strengthening links among them. GCC-Stat pointed out that allowing GCC citizens to invest set up projects and conduct commercial activities in any member state has increased the Gulf Common Market s attractiveness for intra-GCC investment. As a result Intra-GCC trade reached 146 billion in...
Read More
Economic, investment and services activity within the GCC expanded by the end of 2024, according to the Gulf Common Market – Facts and Figures publication issued by the GCC Statistical Centre (GCC-Stat).
The number of public joint-stock companies, whose shares are permitted to be traded by GCC citizens, rose to 748, up 30.3% over the previous year.
The total capital of these companies reached $549 billion, while the number of shareholders stood at 246,600 in 2024. GCC-Stat said the figures reflect the application of the non-discrimination principle, enabling GCC citizens to trade and buy shares and establish companies across GCC capital markets, deepening financial markets and strengthening links among them.
GCC-Stat pointed out that allowing GCC citizens to invest, set up projects and conduct commercial activities in any member state has increased the Gulf Common Market’s attractiveness for intra-GCC investment. As a result, Intra-GCC trade reached $146 billion in...
The UAE real estate sector is entering the New Year on the back of robust growth underpinned by strong population inflows sustained residential demand and emerging innovations such as property tokenisation according to Farhan Badami Market Analyst at eToro. The UAE s real estate market continues to benefit from powerful structural tailwinds Badami said. Population growth remains a key driver of housing demand while new technologies such as tokenisation are beginning to reshape how properties are bought sold and valued across major markets like Dubai and Abu Dhabi. Both Dubai and Abu Dhabi are experiencing a demographic expansion that continues to support residential demand. Dubai s population surpassed four million in 2025 with more than 208 000 new residents added over the year. This growth driven by employment opportunities lifestyle appeal and long-term residency initiatives has translated into record activity levels in the prop...
Read More
The UAE real estate sector is entering the New Year on the back of robust growth, underpinned by strong population inflows, sustained residential demand, and emerging innovations such as property tokenisation, according to Farhan Badami, Market Analyst at eToro.
“The UAE’s real estate market continues to benefit from powerful structural tailwinds,” Badami said. “Population growth remains a key driver of housing demand, while new technologies such as tokenisation are beginning to reshape how properties are bought, sold and valued across major markets like Dubai and Abu Dhabi.”
Both Dubai and Abu Dhabi are experiencing a demographic expansion that continues to support residential demand.
Dubai’s population surpassed four million in 2025, with more than 208,000 new residents added over the year.
This growth, driven by employment opportunities, lifestyle appeal and long-term residency initiatives, has translated into record activity levels in the prop...
Red Sea International Company a leading provider of specialised prefabricated modular buildings for various real estate and industrial sectors has announced that its key subsidiary Fundamental Installation for Electric Work Company has secured a SAR220 million ( 58.6 million) contract from Al Arab Hospital Company for the construction of a premium healthcare facility in Jeddah. The 19-storey hospital comprising two basement levels will be located on the Corniche Road in the South Obhur district of Jeddah. The key contract covers the supply installation testing and commissioning of mechanical electrical and plumbing (MEP) works as well as screed works internal partitions and other civil works said Red Sea International Company in its filing to the Saudi bourse Tadawul. The entire work on the hospital project will be completed by Fundamental Installation for Electric Work within 420 calendar days it stated. One of the top standalone...
Read More
Red Sea International Company, a leading provider of specialised prefabricated modular buildings for various real estate and industrial sectors, has announced that its key subsidiary, Fundamental Installation for Electric Work Company, has secured a SAR220 million ($58.6 million) contract from Al Arab Hospital Company for the construction of a premium healthcare facility in Jeddah.
The 19-storey hospital, comprising two basement levels, will be located on the Corniche Road in the South Obhur district of Jeddah.
The key contract covers the supply, installation, testing and commissioning of mechanical, electrical and plumbing (MEP) works, as well as screed works, internal partitions and other civil works, said Red Sea International Company in its filing to the Saudi bourse Tadawul.
The entire work on the hospital project will be completed by Fundamental Installation for Electric Work within 420 calendar days, it stated.
One of the top standalone...
Saudi Arabia s The Capital Market Authority (CMA) has called upon relevant and interested persons participating in the capital market to share their feedback on the draft controls governing the real estate ownership by listed companies investment funds and special purpose entities (SPEs) in the kingdom including the cities of Makkah and Madinah. The consultation period will last for 15 calendar days ending on January 14. The proposed draft aims to regulate the mechanism for real estate ownership by listed companies in the Saudi capital market established in accordance with the Companies Law as well as licenced investment funds and SPEs and the acquisition of other in-kind rights over real estate in the kingdom including the cities of Makkah and Madinah in a manner that contributes to enhancing the efficiency of the capital market increasing its attractiveness to investors and strengthening its regional and international competitiveness. The proposed...
Read More
Saudi Arabia’s The Capital Market Authority (CMA) has called upon relevant and interested persons participating in the capital market to share their feedback on the draft controls governing the real estate ownership by listed companies, investment funds, and special purpose entities (SPEs) in the kingdom, including the cities of Makkah and Madinah.
The consultation period will last for 15 calendar days, ending on January 14.
The proposed draft aims to regulate the mechanism for real estate ownership by listed companies in the Saudi capital market established in accordance with the Companies Law, as well as licenced investment funds and SPEs, and the acquisition of other in-kind rights over real estate in the kingdom, including the cities of Makkah and Madinah, in a manner that contributes to enhancing the efficiency of the capital market, increasing its attractiveness to investors, and strengthening its regional and international competitiveness.
The proposed...
Makkah Construction and Development Company has announced that it has purchased a 6 986 sq m plot of land for SAR980 million ( 261 million) in the Saudi city. The purchase was completed through an auction held yesterday (December 30) by Adeer Real Estate Company. The seller was the Entrustment & Liquidation Center (Infath). The transaction was made in line with the company s growth strategy to strengthen its portfolio of prime assets in close proximity to the Grand Mosque and create long-term value for shareholders through the development of income-generating assets that support recurring income said Makkah Construction and Development Company in its filing to Saudi bourse Tadawul. The plot located on Ajyad street in Makkah is approximately 500m away from the Grand Mosque plaza and is ideal for setting up a mixed-use project featuring a hotel and a mall it stated. On the deal the Saudi developer said the transaction will be financed through it...
Read More
Makkah Construction and Development Company has announced that it has purchased a 6,986 sq m plot of land for SAR980 million ($261 million) in the Saudi city.
The purchase was completed through an auction held yesterday (December 30) by Adeer Real Estate Company. The seller was the Entrustment & Liquidation Center (Infath).
The transaction was made in line with the company’s growth strategy to strengthen its portfolio of prime assets in close proximity to the Grand Mosque and create long-term value for shareholders through the development of income-generating assets that support recurring income, said Makkah Construction and Development Company in its filing to Saudi bourse Tadawul.
The plot, located on Ajyad street in Makkah, is approximately 500m away from the Grand Mosque plaza, and is ideal for setting up a mixed-use project featuring a hotel and a mall, it stated.
On the deal, the Saudi developer said the transaction will be financed through it...
Riyadh s King Salman International Airport (KSIA) a PIF company has commenced construction works on the third runway marking a strategic step that reflects continued progress in airfield development and enhances the airport s operational readiness to support long-term growth in air traffic demand. The third runway forms a key component of the KSIA Master Plan and represents a major milestone in the airport s expansion journey said a Saudi Press Agency report. According to a press release issued by the KSIA the project is being delivered in collaboration with FCC Construcción SA and Al-Mabani General Contractors Company and has been designed in alignment with Riyadh s prevailing wind patterns to ensure safe and efficient aircraft operations under all operating conditions. The current operational capacity stands at 65 aircraft movements per hour. With the implementation of operational enhancements and the introduction of the third runway the capacity is expecte...
Read More
Riyadh's King Salman International Airport (KSIA), a PIF company, has commenced construction works on the third runway, marking a strategic step that reflects continued progress in airfield development and enhances the airport’s operational readiness to support long-term growth in air traffic demand.
The third runway forms a key component of the KSIA Master Plan and represents a major milestone in the airport’s expansion journey, said a Saudi Press Agency report.
According to a press release issued by the KSIA, the project is being delivered in collaboration with FCC Construcción SA and Al-Mabani General Contractors Company and has been designed in alignment with Riyadh’s prevailing wind patterns to ensure safe and efficient aircraft operations under all operating conditions.
The current operational capacity stands at 65 aircraft movements per hour. With the implementation of operational enhancements and the introduction of the third runway, the capacity is expecte...
Qatari Diar Egypt has awarded one of the main construction packages for its premium CityGate New Cairo project to Concrete Plus a Egypt s leading construction and engineering companies with the project s total value standing at EGP3.5 billion ( 73.6 million). Announcing the contract award Qatari Diar said the scope of work includes construction of 300 residential units in addition to other infrastructure works within a 30-month period. The project spans 8.5 million sq m area in a strategic location linking New Cairo with the New Administrative Capital with total investments exceeding 12 billion upon completion said the company in a statement. It includes a comprehensive network of services and facilities such as business districts world-class golf courses educational healthcare and sports facilities as well as extensive green spaces. The project is expected to generate more than 200 000 direct and indirect job opportunities throughout its var...
Read More
Qatari Diar Egypt has awarded one of the main construction packages for its premium CityGate New Cairo project to Concrete Plus, a Egypt's leading construction and engineering companies, with the project's total value standing at EGP3.5 billion ($73.6 million).
Announcing the contract award, Qatari Diar said the scope of work includes construction of 300 residential units in addition to other infrastructure works within a 30-month period.
The project spans 8.5 million sq m area in a strategic location linking New Cairo with the New Administrative Capital, with total investments exceeding $12 billion upon completion, said the company in a statement.
It includes a comprehensive network of services and facilities such as business districts, world-class golf courses, educational, healthcare, and sports facilities, as well as extensive green spaces.
The project is expected to generate more than 200,000 direct and indirect job opportunities throughout its var...
The Luxe Developers a leading UAE-based real estate developer has signed up Aquapile Contracting to undertake the shoring and piling works for its AED2.3 billion ( 626 million) wellness-integrated luxury development - La Mazzoni - on Al Marjan Island in Ras Al Khaimah. The appointment comes following the official groundbreaking of La Mazzoni earlier this month marking a key construction milestone for the project which is scheduled for completion in 2028. As per the deal Aquapile Contracting will be responsible for delivering specialist foundation works to support the project s transition into the next phase of construction. La Mazzoni is The Luxe Developers second multi-billion-dirham project on Al Marjan Island following the sold-out success of Oceano. The development will feature 568 fully furnished residences 5 retail units biophilic architecture and exclusive wellness amenities as well as integrated co-working spaces thus reinforcing Ras A...
Read More
The Luxe Developers, a leading UAE-based real estate developer, has signed up Aquapile Contracting to undertake the shoring and piling works for its AED2.3 billion ($626 million) wellness-integrated luxury development - La Mazzoni - on Al Marjan Island in Ras Al Khaimah.
The appointment comes following the official groundbreaking of La Mazzoni earlier this month, marking a key construction milestone for the project, which is scheduled for completion in 2028.
As per the deal, Aquapile Contracting will be responsible for delivering specialist foundation works to support the project’s transition into the next phase of construction.
La Mazzoni is The Luxe Developers’ second multi-billion-dirham project on Al Marjan Island, following the sold-out success of Oceano. The development will feature 568 fully furnished residences, 5 retail units, biophilic architecture and exclusive wellness amenities as well as integrated co-working spaces, thus reinforcing Ras A...
Riyadh s real estate market is undergoing profound transformation driven by strategic shifts and Vision 2030 acceleration buoyed by the 22 billion metro; the 2.7 GW data centre pipeline and the 100 billion construction market said leading property expert JLL at its annual client event held in Riyadh. During the JLL Riyadh Roundtable event industry leaders discussed the city s macroeconomic backdrop and key trends shaping its office residential retail hospitality and emerging sectors like AI infrastructure and Transit-Oriented Development (TOD). Saud Alsulaimani the Country Lead and Head of Capital Markets at JLL Saudi Arabia said: Riyadh stands at the forefront of Saudi Arabia s Vision 2030 presenting unparalleled opportunities for investors and developers. The national priorities are continuously recalibrating ensuring strategic alignment of projects and fostering deeper private sector collaboration. Regulatory shifts such as the introduction of W...
Read More
Riyadh's real estate market is undergoing profound transformation, driven by strategic shifts and Vision 2030 acceleration buoyed by the $22 billion metro; the 2.7 GW data centre pipeline and the $100 billion construction market, said leading property expert JLL at its annual client event held in Riyadh.
During the JLL Riyadh Roundtable event, industry leaders discussed the city's macroeconomic backdrop and key trends shaping its office, residential, retail, hospitality, and emerging sectors like AI infrastructure and Transit-Oriented Development (TOD).
Saud Alsulaimani, the Country Lead and Head of Capital Markets at JLL Saudi Arabia, said: “Riyadh stands at the forefront of Saudi Arabia's Vision 2030, presenting unparalleled opportunities for investors and developers.”
“The national priorities are continuously recalibrating, ensuring strategic alignment of projects and fostering deeper private sector collaboration. Regulatory shifts, such as the introduction of W...
Riyadh s real estate market is undergoing profound transformation driven by Vision 2030 acceleration 22.5 billion metro investment and the 100 billion construction market according to experts. At JLL s annual client event industry leaders discussed the city s macroeconomic backdrop and key trends shaping its office residential retail hospitality and emerging sectors like AI infrastructure and Transit-Oriented Development (TOD). Saud Alsulaimani Country Lead and Head of Capital Markets at JLL Saudi Arabia said: Riyadh stands at the forefront of Saudi Arabia s Vision 2030 presenting unparalleled opportunities for investors and developers. The national priorities are continuously recalibrating ensuring strategic alignment of projects and fostering deeper private sector collaboration. Regulatory shifts such as the introduction of White Land Taxes and the rent freeze are designed to stabilize markets and will ultimately drive a renewed focus on deliveri...
Read More
Riyadh's real estate market is undergoing profound transformation, driven by Vision 2030 acceleration, $22.5 billion metro investment and the $100 billion construction market, according to experts.
At JLL's annual client event, industry leaders discussed the city's macroeconomic backdrop and key trends shaping its office, residential, retail, hospitality, and emerging sectors like AI infrastructure and Transit-Oriented Development (TOD).
Saud Alsulaimani, Country Lead and Head of Capital Markets at JLL Saudi Arabia, said: “Riyadh stands at the forefront of Saudi Arabia's Vision 2030, presenting unparalleled opportunities for investors and developers. The national priorities are continuously recalibrating, ensuring strategic alignment of projects and fostering deeper private sector collaboration. Regulatory shifts, such as the introduction of White Land Taxes and the rent freeze, are designed to stabilize markets and will ultimately drive a renewed focus on deliveri...
Dubai s property market performance in 2025 is the strongest on record and this reflects the emirate s transition into a more mature and sustainable phase driven by real and balanced demand across all property asset classes said Badar Rashid AlBlooshi Chairman of Arabian Gulf Properties. AlBlooshi explained that data from ValuStrat indicates annual capital value growth for villas of 25.5 percent. AlBlooshi added: The 206 percent increase in average freehold villa values in Dubai compared to post pandemic levels and their rise beyond the 2014 market peak by 86 percent reflects a structural shift in demand. Investors and end users are increasingly focused on quality location and enduring value. The report noted that the best performing residential areas in terms of villa price growth included Jumeirah Islands Palm Jumeirah Green Community West The Meadows Victory Heights and Mudon. These communities combine integrated master planning strong infras...
Read More
Dubai’s property market performance in 2025 is the strongest on record and this reflects the emirate’s transition into a more mature and sustainable phase, driven by real and balanced demand across all property asset classes, said Badar Rashid AlBlooshi, Chairman of Arabian Gulf Properties.
AlBlooshi explained that data from ValuStrat indicates annual capital value growth for villas of 25.5 percent.
AlBlooshi added: “The 206 percent increase in average freehold villa values in Dubai compared to post pandemic levels, and their rise beyond the 2014 market peak by 86 percent, reflects a structural shift in demand. Investors and end users are increasingly focused on quality, location and enduring value.”
The report noted that the best performing residential areas in terms of villa price growth included Jumeirah Islands, Palm Jumeirah, Green Community West, The Meadows, Victory Heights, and Mudon. These communities combine integrated master planning, strong infras...
The rapid expansion of offshore oil and gas activity across the Caribbean has pushed logistics infrastructure to the forefront of upstream strategy. Beyond discoveries and project sanctioning the ability to execute offshore developments efficiently increasingly depends on onshore logistical hubs from purpose-built shore bases to specialised ports capable of supporting complex offshore operations. This reality will be examined in detail during the session Building Logistical Hubs to Support Upstream Development at Caribbean Energy Week (CEW) 2026 where industry leaders will explore the planning investment and operational frameworks required to sustain offshore growth across the region. Few examples illustrate this better than Guyana now one of the world s fastest-growing offshore oil producers. The country s rapid production ramp-up has been underpinned by...
Read More
The rapid expansion of
offshore oil and gas activity across the Caribbean has pushed logistics
infrastructure to the forefront of upstream strategy.
Beyond discoveries and
project sanctioning, the ability to execute offshore developments efficiently
increasingly depends on onshore logistical hubs – from purpose-built shore
bases to specialised ports capable of supporting complex offshore operations.
This reality will be examined in detail during the session “Building Logistical
Hubs to Support Upstream Development” at Caribbean Energy Week (CEW) 2026,
where industry leaders will explore the planning, investment and operational
frameworks required to sustain offshore growth across the region.
Few examples illustrate this better than Guyana, now one of the world’s
fastest-growing offshore oil producers.
The country’s rapid production ramp-up has been underpinned by...
A consortium led by National Investments Company has emerged the winning bidder for the development renovation and maintenance of Al Muthanna Complex Real Estate Project in Kuwait City on a Public-Private Partnership (PPP) model. The NIC consortium with key partners - Arkan Kuwait Real Estate Company Buyout Holding Company Osoul Investment Company and Real Estate House Company - has achieved the highest financial and technical bid in the tender launched by the Public-Private Partnership Authority. On completion the project will transform the area into a vibrant cultural commercial and tourist destination combining heritage modernity and interactive experiences while supporting Kuwait Vision 2035 and creating economic and job opportunities for locals reported the Times Kuwait. The development will provide a comprehensive experience combining shopping dining entertainment culture interactive spaces and innovative art installations. Earli...
Read More
A consortium led by National Investments Company has emerged the winning bidder for the development, renovation and maintenance of Al Muthanna Complex Real Estate Project in Kuwait City on a Public-Private Partnership (PPP) model.
The NIC consortium with key partners - Arkan Kuwait Real Estate Company, Buyout Holding Company, Osoul Investment Company, and Real Estate House Company - has achieved the highest financial and technical bid in the tender launched by the Public-Private Partnership Authority.
On completion, the project will transform the area into a vibrant cultural, commercial, and tourist destination, combining heritage, modernity, and interactive experiences, while supporting Kuwait Vision 2035 and creating economic and job opportunities for locals, reported the Times Kuwait.
The development will provide a comprehensive experience combining shopping, dining, entertainment, culture, interactive spaces, and innovative art installations.
Earli...
The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year driven by a 1% increase in both residential and non-residential construction costs according to data released by the General Authority for Statistics (GASTAT). The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025 said a Saudi Press Agency report. The Construction Cost Index bulletin is part of GASTAT s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors real estate developers and relevant entities. ...
Read More
The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by a 1% increase in both residential and non-residential construction costs, according to data released by the General Authority for Statistics (GASTAT).
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025, said a Saudi Press Agency report.
The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.
...Noatum Ports the international ports operating arm of AD Ports Group signed a memorandum of understanding (MoU) with Al Dahra Agriculture Egypt to advance Egypt s logistics infrastructure and further enhance its position as a regional hub for trade and supply chain solutions. Based on the MoU Noatum Ports aims to explore joint investment and development opportunities through its Safaga Terminal to bolster Egypt s logistics ecosystem support Egypt s agricultural and trade sectors and meet the growing demand for efficient technology-enabled supply chain solutions. The collaboration with Al Dahra Agriculture focuses on providing logistics capabilities including warehousing and storage customs clearance and supply chain digitalisation. The collaboration is expected to enhance agricultural supply chains strengthen food security and promote sustainable growth in Egypt s fast-developing regions particularly in the east and south regions. AbdulAziz Al Balooshi...
Read More
Noatum Ports, the international ports operating arm of AD Ports Group, signed a memorandum of understanding (MoU) with Al Dahra Agriculture – Egypt, to advance Egypt’s logistics infrastructure and further enhance its position as a regional hub for trade and supply chain solutions.
Based on the MoU, Noatum Ports aims to explore joint investment and development opportunities through its Safaga Terminal to bolster Egypt’s logistics ecosystem, support Egypt’s agricultural and trade sectors and meet the growing demand for efficient, technology-enabled supply chain solutions.
The collaboration with Al Dahra Agriculture focuses on providing logistics capabilities including warehousing and storage, customs clearance, and supply chain digitalisation. The collaboration is expected to enhance agricultural supply chains, strengthen food security, and promote sustainable growth in Egypt’s fast-developing regions, particularly in the east and south regions.
AbdulAziz Al Balooshi...
AD Ports Group a leading global enabler of integrated trade industry and logistics solutions has signed a shareholder agreement with Avesto Group one of Tajikistan s largest private industrial conglomerates to establish a new joint venture company that will deliver integrated logistics and freight forwarding services across the country. Under the agreement the joint venture will act as an asset-light freight forwarder in its initial phase with exclusive rights to consolidate and manage all freight and logistics activities of Avesto Group s subsidiaries and provide services to third party clients in the market. The transaction represents a strategic advancement in AD Ports Group s efforts to expand its Middle Corridor footprint and strengthen east-west trade connectivity. AD Ports said the partnership enhances the Group s presence in Central Asia providing access to critical land-based trade networks that connect Tajikistan to regional markets before ...
Read More
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has signed a shareholder agreement with Avesto Group, one of Tajikistan’s largest private industrial conglomerates, to establish a new joint venture company that will deliver integrated logistics and freight forwarding services across the country.
Under the agreement, the joint venture will act as an asset-light freight forwarder in its initial phase, with exclusive rights to consolidate and manage all freight and logistics activities of Avesto Group’s subsidiaries, and provide services to third party clients in the market.
The transaction represents a strategic advancement in AD Ports Group’s efforts to expand its Middle Corridor footprint and strengthen east-west trade connectivity.
AD Ports said the partnership enhances the Group’s presence in Central Asia, providing access to critical land-based trade networks that connect Tajikistan to regional markets before ...
Fakhruddin Properties one of the UAE s leading sustainability-oriented developers and Holcim UAE the leading partner for sustainable construction have signed a MoU to jointly advance sustainable construction across the region. The new partnership marks a significant regional milestone for Holcim as its first MoU signed with a Middle East-headquartered developer. It underscores the company s commitment to expanding its geographical reach and championing sustainable building solutions that support the UAE s net-zero ambitions. On the key announcement CEO and Managing Director Yousuf Fakhruddin said: This MoU supports the UAE s national sustainability agenda and aligns with the 2015 Paris Agreement reinforcing the UAE s long-held commitment to achieving net-zero CO emissions by 2050. We will work closely with Holcim UAE to reduce both embodied and operational carbon promote circular economy principles and scale practical sustainability solution...
Read More
Fakhruddin Properties, one of the UAE’s leading sustainability-oriented developers, and Holcim UAE, the leading partner for sustainable construction, have signed a MoU to jointly advance sustainable construction across the region.
The new partnership marks a significant regional milestone for Holcim as its first MoU signed with a Middle East-headquartered developer.
It underscores the company’s commitment to expanding its geographical reach and championing sustainable building solutions that support the UAE’s net-zero ambitions.
On the key announcement, CEO and Managing Director Yousuf Fakhruddin said: "This MoU supports the UAE’s national sustainability agenda and aligns with the 2015 Paris Agreement, reinforcing the UAE’s long-held commitment to achieving net-zero CO₂ emissions by 2050."
"We will work closely with Holcim UAE to reduce both embodied and operational carbon, promote circular economy principles, and scale practical sustainability solution...
Garbe Industrial one of the leading developers providers and managers of logistics and light industrial real estate in Germany and Europe and ARTAR a leading real estate developer in the Kingdom of Saudi Arabia have signed a MoU to establish a landmark joint venture - AG Logistics Partners - that will focus on setting up Logistics Real Estate Developments in Saudi Arabia. This strategic partnership will drive the development of next-generation logistics facilities across the Kingdom of Saudi Arabia fuelling economic diversification and reinforcing the kingdom s position as a global logistics powerhouse. With the Kingdom s rapid expansion and the strong demand driven by Vision 2030 modern Grade A industrial and logistics spaces are increasingly scarce creating a significant supply gap that the joint venture aims to address said the statement from Garbe Industrial. The joint venture will focus on delivering premium-grade warehouses and distribution centers in...
Read More
Garbe Industrial, one of the leading developers, providers and managers of logistics and light industrial real estate in Germany and Europe, and ARTAR, a leading real estate developer in the Kingdom of Saudi Arabia have signed a MoU to establish a landmark joint venture - AG Logistics Partners - that will focus on setting up Logistics Real Estate Developments in Saudi Arabia.
This strategic partnership will drive the development of next-generation logistics facilities across the Kingdom of Saudi Arabia, fuelling economic diversification and reinforcing the kingdom’s position as a global logistics powerhouse.
With the Kingdom’s rapid expansion and the strong demand driven by Vision 2030, modern Grade A industrial and logistics spaces are increasingly scarce, creating a significant supply gap that the joint venture aims to address, said the statement from Garbe Industrial.
The joint venture will focus on delivering premium-grade warehouses and distribution centers in...
TownX one of Dubai s fastest-growing real estate developers has announced that it has achieved a significant milestone in the construction of its AED662 million ( 180.2 million) Ashley Hills project located in the heart of Arjan community. In just four months since the project launch the development has reached 40% construction progress demonstrating the company s efficiency and commitment to delivering high-quality residential communities. On completion it will feature 616 residential units across 400 000 sq ft of sellable area. The project is designed to offer a mix of spacious apartments that cater to families and investors seeking modern sustainable living spaces in one of Dubai s fastest-growing districts. Giving a project update TownX said notable progress has been made on site mobilisation enabling works piling and foundations and substructure works with significant advancement on the superstructure and internal works. The externa...
Read More
TownX, one of Dubai’s fastest-growing real estate developers, has announced that it has achieved a significant milestone in the construction of its AED662 million ($180.2 million) Ashley Hills project located in the heart of Arjan community.
In just four months since the project launch, the development has reached 40% construction progress, demonstrating the company’s efficiency and commitment to delivering high-quality residential communities.
On completion, it will feature 616 residential units across 400,000 sq ft of sellable area. The project is designed to offer a mix of spacious apartments that cater to families and investors seeking modern, sustainable living spaces in one of Dubai’s fastest-growing districts.
Giving a project update, TownX said notable progress has been made on site mobilisation, enabling works, piling and foundations and substructure works, with significant advancement on the superstructure and internal works.
The externa...
Dubai-based Legend Holding Group has announced an AED500 million ( 136 million) expansion of its automotive operations in Jebel Ali Free Zone (Jafza) developing a 1 million sq ft regional headquarters motorcycle assembly line and export hub within an integrated automotive ecosystem. The new complex will serve as Legend Motors primary base for vehicle storage preparation distribution and aftersales operations to over 100 markets supporting Dubai s goal to expand advanced manufacturing and attract high-value mobility projects. Construction will be delivered in two phases starting with space for 5 000 vehicles in April 2026 and expanding to a multi-storey facility able to handle over 20 000 vehicles by January 2028. Nagaraj Ponnada General Manager Legend Motors said: Establishing our new headquarters and logistics complex in Jafza is a strategic step in our global expansion. Dubai offers the infrastructure and business conditions needed to support competitiv...
Read More
Dubai-based Legend Holding Group has announced an AED500 million ($136 million) expansion of its automotive operations in Jebel Ali Free Zone (Jafza), developing a 1 million sq ft regional headquarters, motorcycle assembly line and export hub within an integrated automotive ecosystem.
The new complex will serve as Legend Motors’ primary base for vehicle storage, preparation, distribution and aftersales operations to over 100 markets, supporting Dubai’s goal to expand advanced manufacturing and attract high-value mobility projects.
Construction will be delivered in two phases, starting with space for 5,000 vehicles in April 2026 and expanding to a multi-storey facility able to handle over 20,000 vehicles by January 2028.
Nagaraj Ponnada, General Manager, Legend Motors said: "Establishing our new headquarters and logistics complex in Jafza is a strategic step in our global expansion. Dubai offers the infrastructure and business conditions needed to support competitiv...
Agility Global a multi-business operator and long-term investor in global and regional businesses announced that the Agility Logistics Park (ALP) near Bengaluru (formerly Bangalore) India has received international EDGE Advanced certification as an energy- and resource-efficient green facility. EDGE (Excellence in Design for Greater Efficiencies) is the global standard for energy-efficient buildings a certification system overseen by the International Finance Corp (IFC) an arm of the World Bank. Basic EDGE certification requires a minimum projected reduction of 20% energy use water use and embodied energy in materials when benchmarked against a standard local building. The ALP Bengaluru a 56 000 sq m park is located in Hoskote an industrial area serving Bengaluru. The park features a state-of-the-art built-to-suit 30 000 sq m warehouse operated by a leading global 3PL. EDGE Advanced buildings are zero-carbon ready structures that are at least 40% mor...
Read More
Agility Global, a multi-business operator and long-term investor in global and regional businesses, announced that the Agility Logistics Park (ALP) near Bengaluru (formerly Bangalore), India has received international EDGE Advanced certification as an energy- and resource-efficient green facility.
EDGE (Excellence in Design for Greater Efficiencies) is the global standard for energy-efficient buildings, a certification system overseen by the International Finance Corp (IFC), an arm of the World Bank. Basic EDGE certification requires a minimum projected reduction of 20% energy use, water use and “embodied energy” in materials when benchmarked against a standard local building.
The ALP Bengaluru, a 56,000 sq m park, is located in Hoskote, an industrial area serving Bengaluru. The park features a state-of-the-art, built-to-suit, 30,000 sq m warehouse operated by a leading global 3PL.
EDGE Advanced buildings are “zero-carbon ready” structures that are at least 40% mor...
Senegal s state-owned midstream company Reseau Gazier du Sénegal is set to begin construction of a domestic gas pipeline network before the end of 2025 according to Birame Soulèye Diop Minister of Energy Petroleum & Mines of Senegal. Minister Diop made the announcement during the ministerial panel at MSGBC Oil Gas & Power 2025 which brought together energy ministers and senior officials from Senegal Mauritania Guinea-Bissau Guinea-Conakry and The Gambia to discuss regional cooperation and sustainable energy development. We are leveraging domestic gas as a transitional energy source providing access to energy and clean cooking. RGS is leading this initiative and we hope to lay the first stone of the pipeline network before the end of 2025 Minister Diop stated. Minister Diop outlined the country s integrated strategy for gas emphasiz...
Read More
Senegal’s state-owned midstream company Reseau Gazier du Sénegal is set to begin construction of a domestic gas pipeline network before the end of 2025, according to Birame Soulèye Diop, Minister of Energy, Petroleum & Mines of Senegal.
Minister Diop made the announcement during
the ministerial panel at MSGBC Oil, Gas & Power 2025, which brought
together energy ministers and senior officials from Senegal, Mauritania,
Guinea-Bissau, Guinea-Conakry and The Gambia to discuss regional cooperation
and sustainable energy development.
“We are leveraging domestic gas as a transitional energy source, providing access to energy and clean cooking. RGS is leading this initiative and we hope to lay the first stone of the pipeline network before the end of 2025,” Minister Diop stated. Minister Diop outlined the country’s integrated strategy for gas, emphasiz...
A dynamic real estate landscape continued to unfold across the Kingdom of Saudi Arabia in Q3 2025 catalysed by Vision 2030 s transformative impact according to property expert JLL. Hospitality defied low season with Kingdom-wide occupancy hitting 60.5% up 1.4 percentage points fueled by 14.3 million international visitors in H1 2025 and Saudi Summer drawing over 32 million tourists a 26% increase year-on-year. Industrial rents performed strongly with Riyadh leading at 10.5% annual growth particularly in Taybah ( 21.7%) and Al Fawzan Industrial City ( 20.0%). Jeddah also saw 6.6% growth and Jeddah Islamic Port reached SAR 470 per sqm. High occupancy persisted across major markets including Riyadh at 90.0% Jeddah at 91.0% and Dammam Metropolitan Area (DMA) at 85.0% said JLL in its latest Market Dynamics reports that reveals comprehensive sector strength and strategic evolution. Riyadh s prime office market was exceptionally tight with just a 0.5%...
Read More
A dynamic real estate landscape continued to unfold across the Kingdom of Saudi Arabia in Q3 2025, catalysed by Vision 2030's transformative impact, according to property expert JLL.
Hospitality defied low season, with Kingdom-wide occupancy hitting 60.5%, up 1.4 percentage points, fueled by 14.3 million international visitors in H1 2025 and "Saudi Summer" drawing over 32 million tourists, a 26% increase year-on-year.
Industrial rents performed strongly, with Riyadh leading at 10.5% annual growth, particularly in Taybah (+21.7%) and Al Fawzan Industrial City (+20.0%). Jeddah also saw 6.6% growth, and Jeddah Islamic Port reached SAR 470 per sqm. High occupancy persisted across major markets, including Riyadh at 90.0%, Jeddah at 91.0%, and Dammam Metropolitan Area (DMA) at 85.0%, said JLL in its latest Market Dynamics reports that reveals comprehensive sector strength and strategic evolution.
Riyadh's prime office market was exceptionally tight with just a 0.5%...
The Middle East is entering a new phase of logistics expansion as governments accelerate long-term strategies to position the region as a global trade and distribution hub according to Swisslog a global leader in intralogistics automation for warehouses and distribution centres headquartered in Switzerland. The Mddle East logistics market is set to double this year compared with 2020 reflecting the scale of investment now flowing into infrastructure technology and supply chain modernisation. This momentum is reshaping expectations for warehouse performance energy efficiency and service reliability. Swisslog outlines the following five trends that will define 2026 s warehousing landscape. These are: Rapid automation and robotics adoption The regional warehouse robotics market is projected to climb past 714 million by 2030. Growth is driven by increasing labour costs expanding e-commerce volumes and national agendas that...
Read More
The Middle East is entering a new phase of logistics expansion as governments accelerate long-term strategies to position the region as a global trade and distribution hub, according to Swisslog, a global leader in intralogistics automation for warehouses and distribution centres headquartered in Switzerland.
The Mddle East logistics market is set to double this year compared with 2020, reflecting the scale of investment now flowing into infrastructure, technology, and supply chain modernisation. This momentum is reshaping expectations for warehouse performance, energy efficiency, and service reliability.
Swisslog outlines the following five trends that will define 2026’s warehousing landscape. These are:
Rapid automation and robotics adoption
The regional warehouse robotics market is projected to climb past $714 million by 2030. Growth is driven by increasing labour costs, expanding e-commerce volumes, and national agendas that...
Nakheel a member of Dubai Holding Real Estate has awarded a contract worth AED400 million ( 109 million) to Shapoorji Pallonji Mideast for the construction of 38 Crown Garden Villas an exclusive collection of grand residences at Palm Crown on Palm Jumeirah. Situated at the pinnacle of Palm Jumeirah s fronds the Crown Garden Villas boast sweeping views of the island s iconic landmarks and the Dubai skyline said the developer. Presented in five- and six-bedroom layouts across three distinct architectural styles each villa showcases contemporary design high-quality materials and spacious thoughtfully crafted interiors. The villas will provide a resort-inspired lifestyle with private beach access landscaped gardens rooftop lounges and expansive terraces offering an elevated waterfront living experience on the island it stated. Dubai Holding Real Estate CEO Khalid Al Malik said: The Crown Garden Villas are a defining new addition to Palm Jumeir...
Read More
Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED400 million ($109 million) to Shapoorji Pallonji Mideast for the construction of 38 Crown Garden Villas, an exclusive collection of grand residences at Palm Crown on Palm Jumeirah.
Situated at the pinnacle of Palm Jumeirah’s fronds, the Crown Garden Villas boast sweeping views of the island’s iconic landmarks and the Dubai skyline, said the developer.
Presented in five- and six-bedroom layouts across three distinct architectural styles, each villa showcases contemporary design, high-quality materials and spacious, thoughtfully crafted interiors.
The villas will provide a resort-inspired lifestyle, with private beach access, landscaped gardens, rooftop lounges and expansive terraces, offering an elevated waterfront living experience on the island, it stated.
Dubai Holding Real Estate CEO Khalid Al Malik said: "The Crown Garden Villas are a defining new addition to Palm Jumeir...
Tomorrow World Group a global enterprise with a 20-year legacy in Dubai has announced its most ambitious chapter yet: an AED8 billion ( 2.2 billion) real estate development pipeline set to redefine the city s skyline from 2026 onward. This bold move marks the culmination of two decades of strategic foresight and positions Tomorrow World as a key player in shaping Dubai s urban future said a statement for the developer. Founded in 2002 as a trading pioneer Tomorrow World has evolved into a diversified powerhouse navigating global markets and investing across industries. After years of observing Dubai s real estate cycles and participating as a portfolio investor the company is now stepping forward as a developer with a vision to create projects that make sense for investors build long-term relationships and deliver uncompromised lifestyle exp...
Read More
Tomorrow World Group – a global enterprise with a 20-year legacy in Dubai – has announced its most ambitious chapter yet: an AED8 billion ($2.2 billion) real estate development pipeline set to redefine the city’s skyline from 2026 onward.
This bold move marks the culmination of two decades of strategic foresight and positions Tomorrow World as a key player in shaping Dubai’s urban future, said a statement for the developer.
Founded in 2002 as a trading pioneer, Tomorrow World has evolved into a diversified powerhouse, navigating global markets and investing across industries.
After years of observing Dubai’s real estate cycles and participating as a portfolio investor, the company is now stepping forward as a developer with a vision to create projects that make sense for investors, build long-term relationships, and deliver uncompromised lifestyle exp...
Tomorrow World Group a global enterprise with a proud 20-year legacy in Dubai has announced its most ambitious chapter yet: an AED8 billion ( 2.18 billion) real estate development pipeline set to redefine the city s skyline from 2026 onward. This bold move marks the culmination of two decades of strategic foresight and positions Tomorrow World as a key player in shaping Dubai s urban future. Founded in 2002 as a trading pioneer Tomorrow World has evolved into a diversified powerhouse navigating global markets and investing across industries. After years of observing Dubai s real estate cycles and participating as a portfolio investor the company is now stepping forward as a developer with a vision to create projects that make sense for investors build long-term relationships and deliver uncompromised lifestyle experiences. The upcoming pipeline spanning more than 20 projects between 2026 and 2028 will include high-end waterfront residential communities and...
Read More
Tomorrow World Group, a global enterprise with a proud 20-year legacy in Dubai, has announced its most ambitious chapter yet: an AED8 billion ($2.18 billion) real estate development pipeline set to redefine the city’s skyline from 2026 onward.
This bold move marks the culmination of two decades of strategic foresight and positions Tomorrow World as a key player in shaping Dubai’s urban future.
Founded in 2002 as a trading pioneer, Tomorrow World has evolved into a diversified powerhouse, navigating global markets and investing across industries. After years of observing Dubai’s real estate cycles and participating as a portfolio investor, the company is now stepping forward as a developer with a vision to create projects that make sense for investors, build long-term relationships, and deliver uncompromised lifestyle experiences.
The upcoming pipeline, spanning more than 20 projects between 2026 and 2028, will include high-end waterfront residential communities and...
The Saudi Ports Authority (Mawani) has signed an agreement with Arabian Agricultural Services Company (Arasco) to establish a new logistics facility for storage and distribution at an investment of SAR200 million ( 53.2 million) at the King Abdulaziz Port in Dammam. According to Mawani the key facility which will come up on a 40 000 sq m area will help bolster food security in the kingdom while increasing the port capacity. This initiative aligns with the objectives of the National Transport and Logistics Strategy to solidify the kingdom s position as a global logistics hub. This contract further strengthens Mawani s ongoing efforts to boost the efficiency of national supply chains and optimise operations at King Abdulaziz Port. The investment is designed to bolster King Abdulaziz Port s capabilities in grain unloading and storage by constructing warehouses capable of handling up to 100 000 MT it added.- TradeArabia News Service /p...
Read More
The Saudi Ports Authority (Mawani) has signed an agreement with Arabian Agricultural Services Company (Arasco) to establish a new logistics facility for storage and distribution at an investment of SAR200 million ($53.2 million) at the King Abdulaziz Port in Dammam.
According to Mawani, the key facility, which will come up on a 40,000 sq m area, will help bolster food security in the kingdom while increasing the port capacity.
This initiative aligns with the objectives of the National Transport and Logistics Strategy to solidify the kingdom's position as a global logistics hub.
This contract further strengthens Mawani’s ongoing efforts to boost the efficiency of national supply chains and optimise operations at King Abdulaziz Port.
The investment is designed to bolster King Abdulaziz Port's capabilities in grain unloading and storage by constructing warehouses capable of handling up to 100,000 MT, it added.-TradeArabia News Service
Saudi Arabia s Real Estate General Authority (REGA) has announced the launch of a new entity - Saudi Properties - that will serve as the official platform for all real estate ownership transactions by non-Saudis within the kingdom. This comes as part of the ongoing preparations for the Non-Saudi Property Ownership Law to enter into force in mid-January 2026. The Saudi Properties brand was first unveiled during REGA s participation in the Cityscape Global exhibition hosted in Riyadh last month. Saudi Properties aims to serve as the official gateway for all ownership processes. This includes browsing real estate opportunities communicating with developers submitting applications verifying eligibility and connecting with relevant entities within an integrated ecosystem. The REGA announcement marks a pivot...
Read More
Saudi Arabia's Real Estate General Authority (REGA) has announced the launch of a new entity - Saudi Properties - that will serve as the official platform for all real estate ownership transactions by non-Saudis within the kingdom.
This comes as part of the ongoing preparations for the Non-Saudi Property Ownership Law to enter into force in mid-January 2026.
The Saudi Properties brand was first unveiled during REGA's participation in the "Cityscape Global" exhibition, hosted in Riyadh last month.
Saudi Properties aims to serve as the official gateway for all ownership processes. This includes browsing real estate opportunities, communicating with developers, submitting applications, verifying eligibility, and connecting with relevant entities within an integrated ecosystem.
The REGA announcement marks a pivot...
The Saudi transport and logistics sector has secured investment contracts worth more than SAR280 billion ( 74.6 billion) from both global and local private-sector partners thanks to the structural reforms and the backing of the wise leadership reported SPA citing the transport minister. The kingdom s strong and integrated transport and logistics infrastructure continues to attract major investments and expand business opportunities stated Saleh Al Jasser during the Budget Forum. He highlighted a 6.2% growth in the direct contribution of transport and storage activities to the national GDP this year driven by notable expansion in logistics services and commercial air transport. The air freight sector alone recorded a 34% increase compared to the previous year reaching 1.2 million tons reinforcing the import and export ecosystem and supporting the Kingdom s economic diversification goals. Al Jasser pointed out that the sector achieved a 28% i...
Read More
The Saudi transport and logistics sector has secured investment contracts worth more than SAR280 billion ($74.6 billion) from both global and local private-sector partners, thanks to the structural reforms and the backing of the wise leadership, reported SPA, citing the transport minister.
The kingdom’s strong and integrated transport and logistics infrastructure continues to attract major investments and expand business opportunities, stated Saleh Al Jasser during the Budget Forum.
He highlighted a 6.2% growth in the direct contribution of transport and storage activities to the national GDP this year, driven by notable expansion in logistics services and commercial air transport.
The air freight sector alone recorded a 34% increase compared to the previous year, reaching 1.2 million tons, reinforcing the import and export ecosystem and supporting the Kingdom’s economic diversification goals.
Al Jasser pointed out that the sector achieved a 28% i...
Abu Dhabi-based Modon Holding today (November 26) announced a strategic investment in Wellington Lifestyle Partners (WLP) joining a consortium of existing investors in the compan This investment marks Modon s first direct investment in an equestrian led development in the US complementing its existing global portfolio and reinforcing its strategy to partner with leading international organisations in expanding its presence across ultra-luxury destination developments. Modon s investment will support the long-term development of Wellington International equestrian showgrounds and deliver a landmark ultra-luxury real estate development featuring high-end residences a boutique hotel a commercial marketplace and a championship golf course located in Wellington Florida a global icon of equestrian sport. The partnership further strengthens Modon s position as a globally recognised investor in large-scale high-value real estate and lifestyle projects....
Read More
Abu Dhabi-based Modon Holding today (November 26) announced a strategic investment in Wellington Lifestyle Partners (WLP), joining a consortium of existing investors in the compan
This investment marks Modon’s first direct investment in an equestrian led development in the US, complementing its existing global portfolio, and reinforcing its strategy to partner with leading international organisations in expanding its presence across ultra-luxury destination developments.
Modon’s investment will support the long-term development of Wellington International equestrian showgrounds and deliver a landmark ultra-luxury real estate development featuring high-end residences, a boutique hotel, a commercial marketplace and a championship golf course located in Wellington, Florida – a global icon of equestrian sport.
The partnership further strengthens Modon’s position as a globally recognised investor in large-scale, high-value real estate and lifestyle projects....
Bahrain has announced a reduction in the minimum real estate investment required for the Golden Residency from BD200 000 ( 530 494) to BD130 000 ( 344 821). The step is expected to increase demand for high-end properties in a competitive market while maintaining the high standards of the Golden Residency Programme which forms part of a broader national strategy to enhance Bahrain s appeal as a regional hub for long-term residency business and investment said the Nationality Passports and Residence Affairs (NPRA) at the Ministry of Interior. By lowering the investment threshold Bahrain aims to stimulate growth in the real estate sector and enable a wider segment of foreign investors to benefit from Bahrain s high living standards and attractive property market. The step aligns with national efforts to promote sustainable investment support economic growth and attract international expertise seeking stability and opportunities in the GCC said a Bahrain News A...
Read More
Bahrain has announced a reduction in the minimum real estate investment required for the Golden Residency from BD200,000 ($530,494) to BD130,000 ($344,821).
The step is expected to increase demand for high-end properties in a competitive market, while maintaining the high standards of the Golden Residency Programme, which forms part of a broader national strategy to enhance Bahrain’s appeal as a regional hub for long-term residency, business and investment, said the Nationality, Passports and Residence Affairs (NPRA) at the Ministry of Interior.
By lowering the investment threshold, Bahrain aims to stimulate growth in the real estate sector and enable a wider segment of foreign investors to benefit from Bahrain’s high living standards and attractive property market. The step aligns with national efforts to promote sustainable investment, support economic growth and attract international expertise seeking stability and opportunities in the GCC, said a Bahrain News A...
Stake a curated and global digital real estate investment platform has reinforced its position as a pioneer in end-to-end digital ownership innovation servicing and property management through its latest investment product StakeOne. StakeOne transforms how individuals buy own and manage full properties in the UAE delivering an all-in-one fully managed ownership experience built for today s investors. Traditional real estate transactions demand months of viewings paperwork and follow-ups then leave buyers to handle furnishing financing and rentals on their own. StakeOne removes that friction entirely combining acquisition management and exit into one seamless digital platform the company said. StakeOne redefines what it means for investors to own a full property in Dubai not just investing in an asset but gaining a long-term partner who manages it end-to-end; from financing furnishing leasing and selling so investors can focus on returns. ...
Read More
Stake, a curated and global digital real estate investment platform, has reinforced its position as a pioneer in end-to-end digital ownership innovation, servicing, and property management through its latest investment product, StakeOne.
StakeOne transforms how individuals buy, own, and manage full properties in the UAE, delivering an all-in-one, fully managed ownership experience built for today’s investors. Traditional real estate transactions demand months of viewings, paperwork, and follow-ups, then leave buyers to handle furnishing, financing, and rentals on their own. StakeOne removes that friction entirely, combining acquisition, management, and exit into one seamless digital platform, the company said.
StakeOne redefines what it means for investors to own a full property in Dubai, not just investing in an asset but gaining a long-term partner who manages it end-to-end; from financing, furnishing, leasing and selling, so investors can focus on returns. ...
An ultramarathon runner and passionate environmentalist used his experience of a gruelling race through the Saharan desert to urge construction leaders across the Gulf region to be more mindful of the United Nations Sustainable Development Goals (SDGs). Aaron Hennessey one of CIOB s Sustainability Ambassadors in Oman and Group Managing Director of Douglas OHI delivered a powerful talk at the Big 5 Global event held at the Dubai World Trade Centre yesterday (November 24). Speaking to an international audience of construction professionals Hennessy highlighted the critical role the Mena construction sector must play in advancing the SDGs focusing on areas like water preservation and partnership. A Chartered Environmentalist Hennessy used stories from his experience as an ultramarathon runner to bring the SDGs to life. He shared a vivid memory from his first ultramarathon in Morocco recalling the sense of unity amongst the competitors at the startin...
Read More
An ultramarathon runner and passionate environmentalist used his experience of a gruelling race through the Saharan desert to urge construction leaders across the Gulf region to be more mindful of the United Nations’ Sustainable Development Goals (SDGs).
Aaron Hennessey, one of CIOB’s Sustainability Ambassadors in Oman and Group Managing Director of Douglas OHI, delivered a powerful talk at the Big 5 Global event held at the Dubai World Trade Centre yesterday (November 24).
Speaking to an international audience of construction professionals, Hennessy highlighted the critical role the Mena construction sector must play in advancing the SDGs, focusing on areas like water preservation and partnership.
A Chartered Environmentalist, Hennessy used stories from his experience as an ultramarathon runner to bring the SDGs to life. He shared a vivid memory from his first ultramarathon in Morocco, recalling the sense of unity amongst the competitors at the startin...
Saudi Global Ports Group yesterday (November 23) celebrated a landmark moment in the kingdom s logistics development with the official inauguration of the Terminal 2 Berth Expansion under SGP Container Terminals and the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam (KAPD). Both milestones strengthen SGP s mission to advance the kingdom s position as a global logistics hub. The dual event was held in the presence of Prince Saud bin Nayef bin Abdulaziz Governor of the Eastern Province and Engineer Saleh bin Nasser Al Jasser Minister of Transport and Logistic Services. The event was further distinguished by the attendance of senior represent...
Read More
Saudi Global Ports Group yesterday (November 23) celebrated a landmark moment in the kingdom’s logistics development with the official inauguration of the Terminal 2 Berth Expansion under SGP Container Terminals and the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam (KAPD).
Both milestones strengthen SGP’s mission to advance the kingdom’s position as a global logistics hub.
The dual event was held in the presence of Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and Engineer Saleh bin Nasser Al Jasser, Minister of Transport and Logistic Services.
The event was further distinguished by the attendance of senior represent...
Saudi Global Ports Group (SGP) on Sunday the official inauguration of the Terminal 2 Berth Expansion under SGP Container Terminals and the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam (KAPD). Both milestones strengthen SGP s mission to advance the kingdom s position as a global logistics hub. The dual event was held under the patronage and in the presence of Prince Saud bin Nayef bin Abdulaziz Governor of the Eastern Province and Eng Saleh bin Nasser Al-Jasser Minister of Transport and Logistic Services. The event was further distinguished by the attendance of senior representatives from key Saudi governmental authorities - including the Saudi Ports Authority (Mawani) and the Zakat Tax and Customs Authority (ZATCA) - as well as senior leaders from major logistics companies and shipping lines. SGP Freezones Adjacent to KAPD the Dammam Integrated Logistics Zone spanning 1 million square metr...
Read More
Saudi Global Ports Group (SGP) on Sunday the official inauguration of the Terminal 2 Berth Expansion under SGP Container Terminals and the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam (KAPD).
Both milestones strengthen SGP’s mission to advance the kingdom’s position as a global logistics hub.
The dual event was held under the patronage and in the presence of Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and Eng Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services.
The event was further distinguished by the attendance of senior representatives from key Saudi governmental authorities - including the Saudi Ports Authority (Mawani) and the Zakat, Tax and Customs Authority (ZATCA) - as well as senior leaders from major logistics companies and shipping lines.
SGP Freezones
Adjacent to KAPD, the Dammam Integrated Logistics Zone, spanning 1 million square metr...
Kanoo Real Estate a division of the Yusuf bin Ahmed Kanoo Group has signed an agreement with Bahrain Commercial Facilities Company (BCFC) to launch its new branch at Sitra Service Station within the company branch network aimed at delivering top-tier financial services to customers visiting the station. The signing ceremony took place at the Yusuf Bin Ahmed Kanoo Group s headquarters Kanoo Tower with the presence of Talal Fawzi Kanoo Chairman of Kanoo Real Estate Abdulla Bukhowa CEO of Bahrain Commercial Facilities Company alongside Mohamed Abdulelah Al Kooheji Group CEO of the Yusuf Bin Ahmed Kanoo Group Mohsin Haji acting CEO of Kanoo Real Estate and Mr. Mohamed Jehad BuKamal Deputy CEO of Bahrain Commercial Facilities Company. Kanoo said: This collaboration marks an important step in our efforts to make Sitra Service Station a vibrant hub offering a wide range of services across automotive financial retail and F&B sectors. Bahrain Credit has built ...
Read More
Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, has signed an agreement with Bahrain Commercial Facilities Company (BCFC) to launch its new branch at Sitra Service Station within the company branch network, aimed at delivering top-tier financial services to customers visiting the station.
The signing ceremony took place at the Yusuf Bin Ahmed Kanoo Group’s headquarters, Kanoo Tower, with the presence of Talal Fawzi Kanoo, Chairman of Kanoo Real Estate, Abdulla Bukhowa, CEO of Bahrain Commercial Facilities Company, alongside Mohamed Abdulelah Al Kooheji, Group CEO of the Yusuf Bin Ahmed Kanoo Group, Mohsin Haji, acting CEO of Kanoo Real Estate and Mr. Mohamed Jehad BuKamal, Deputy CEO of Bahrain Commercial Facilities Company.
Kanoo said: “This collaboration marks an important step in our efforts to make Sitra Service Station a vibrant hub offering a wide range of services across automotive, financial, retail and F&B sectors. Bahrain Credit has built ...
China Construction Integrated Building Company (CSCEC) said its key brand Homagic has secured a SAR2.8 billion ( 746 million) contract from Saudi futuristic city NEOM to deliver 12 000 permanent worker accommodation units for the Phase II of construction workforce housing programme. The award marks one of the largest single modular integrated construction (MiC) contracts ever signed in the Middle East and reinforces Homagic s growing presence in the Kingdom s giga-project ecosystem. Vision 2030 projects - led by NEOM The Red Sea Global Qiddiya and Diriyah Gate - are projected to require a peak workforce of over 1.8 million workers by 2028 according to Knight Frank s 2025 KSA Construction Market Report. Traditional site-built dormitories have repeatedly failed to keep pace suffering from chronic delays cost overruns and variable quality. Modular construction has emerged as the Kingdom s fastest-growing solution. The Saudi modular building ...
Read More
China Construction Integrated Building Company (CSCEC) said its key brand, Homagic, has secured a SAR2.8 billion ($746 million) contract from Saudi futuristic city NEOM to deliver 12,000 permanent worker accommodation units for the Phase II of construction workforce housing programme.
The award marks one of the largest single modular integrated construction (MiC) contracts ever signed in the Middle East and reinforces Homagic’s growing presence in the Kingdom’s giga-project ecosystem.
Vision 2030 projects - led by NEOM, The Red Sea Global, Qiddiya, and Diriyah Gate - are projected to require a peak workforce of over 1.8 million workers by 2028, according to Knight Frank’s 2025 KSA Construction Market Report.
Traditional site-built dormitories have repeatedly failed to keep pace, suffering from chronic delays, cost overruns, and variable quality.
Modular construction has emerged as the Kingdom’s fastest-growing solution. The Saudi modular building ...
Mars Gulf has launched a pilot electric commercial vehicle (EV) in the UAE for last mile delivery of its chilled confectionery marking a key step toward greener logistics in the region. The initiative forms part of Mars broader ambition to decarbonize its supply chain and supports the UAE Government s Net Zero by 2050 strategic initiative said the company in a statement. As a member of the UAE Alliance for Climate Action (UACA) - a national multi-stakeholder platform convened by Emirates Nature WWF - Mars joins 18 other Corporate Climate Pioneers under the UACA Road2.0 initiative with a shared goal of decarbonizing 30% of their UAE fleets by 2030 and 100% by 2040. Commercial road transport currently accounts for 10% of the UAE s carbon footprint highlighting the importance of fleet electrification to meet national net-zero targets. On the strategic move Johan Van Zaanen Mars MEA Supply Director said: Our partnership with UACA s Road2.0 i...
Read More
Mars Gulf has launched a pilot electric commercial vehicle (EV) in the UAE for last mile delivery of its chilled confectionery, marking a key step toward greener logistics in the region.
The initiative forms part of Mars’ broader ambition to decarbonize its supply chain and supports the UAE Government’s Net Zero by 2050 strategic initiative, said the company in a statement.
As a member of the UAE Alliance for Climate Action (UACA) - a national multi-stakeholder platform convened by Emirates Nature–WWF - Mars joins 18 other Corporate Climate Pioneers under the UACA Road2.0 initiative, with a shared goal of decarbonizing 30% of their UAE fleets by 2030, and 100% by 2040.
Commercial road transport currently accounts for 10% of the UAE's carbon footprint, highlighting the importance of fleet electrification to meet national net-zero targets.
On the strategic move, Johan Van Zaanen, Mars MEA Supply Director, said: "Our partnership with UACA’s Road2.0 i...
Monolith Arabia a Saudi UK and US based real estate investment and development platform has announced an SAR7 billion ( 1.87 billion) investment pipeline focused on next-generation hospitality wellness and residential destinations across Riyadh Madinah and Asir. The platform headquartered between Riyadh London and Boca Raton (Florida) connects US and UK investors with Middle East growth markets and is expanding international participation through a cross-border capital structure. Monolith Arabia also confirmed the signing of a memorandum of understanding (MOU) with the Ministry of Investment of Saudi Arabia (MISA) which establishes a framework for collaboration and ministerial support as the company advances institutional-grade assets aligned with Vision 2030 including tourism expansion sustainable development job creation and foreign direct investment the group said. Our partnership with MISA reflects a shared commitment to long-term...
Read More
Monolith Arabia, a Saudi, UK, and US–based real estate investment and development platform, has announced an SAR7 billion ($1.87 billion) investment pipeline focused on next-generation hospitality, wellness, and residential destinations across Riyadh, Madinah, and Asir.
The platform, headquartered between Riyadh, London, and Boca Raton (Florida), connects US and UK investors with Middle East growth markets and is expanding international participation through a cross-border capital structure.
Monolith Arabia also confirmed the signing of a memorandum of understanding (MOU) with the Ministry of Investment of Saudi Arabia (MISA), which establishes a framework for collaboration and ministerial support as the company advances institutional-grade assets aligned with Vision 2030, including tourism expansion, sustainable development, job creation, and foreign direct investment, the group said.
“Our partnership with MISA reflects a shared commitment to long-term...
Leading real estate industry expert JLL has announced the launch of its Real Estate Knowledge Hub in Saudi Arabia a pioneering initiative designed to cultivate a skilled workforce and advance professional expertise within the kingdom s rapidly evolving real estate sector. The Hub offers its clients curated practical training and presentations that help to connect theoretical rigor with JLL s practical industry-specific expertise tailored to meet the unique needs of clients and their teams. The launch comes at a crucial time for the region s real estate market which boasts a robust 1.5 trillion project pipeline across the kingdom. Alongside this growth there is continued focus on workforce development and capacity building. The JLL Real Estate Knowledge Hub directly addresses this by providing a solid understanding of fundamental concepts and equipping professionals with the practical knowledge and skills required to navigate the complexities of the mark...
Read More
Leading real estate industry expert JLL has announced the launch of its Real Estate Knowledge Hub in Saudi Arabia, a pioneering initiative designed to cultivate a skilled workforce and advance professional expertise within the kingdom’s rapidly evolving real estate sector.
The Hub offers its clients curated practical training and presentations that help to connect theoretical rigor with JLL’s practical, industry-specific expertise, tailored to meet the unique needs of clients and their teams.
The launch comes at a crucial time for the region’s real estate market, which boasts a robust $1.5 trillion project pipeline across the kingdom. Alongside this growth, there is continued focus on workforce development and capacity building.
The JLL Real Estate Knowledge Hub directly addresses this by providing a solid understanding of fundamental concepts and equipping professionals with the practical knowledge and skills required to navigate the complexities of the mark...
Cityscape Bahrain 2025 returns later this month with its most ambitious edition to date bringing the kingdom s real estate community together for five days of investment activity project showcases and sector dialogue. Running from November 25 to 29 under the theme Elevate Your Lifestyle this year s event brings over consumption 60 leading exhibitors to Exhibition World Bahrain attracting over 12 000 visitors ranging from investors and developers to homebuyers and regional decision-makers. Cityscape Bahrain s strong partner lineup reflects growing confidence in the kingdom s real estate market. BBK joins as Official Banking Partner alongside Durrat Al Bahrain as Gold Sponsor and Jotun as Networking Partner underscoring the event s growing role as a platform for investment and innovation. Across the exhibition floor visitors will experience a diverse showcase of residential commercial and mixed-use developments from major players including including Bahr...
Read More
Cityscape Bahrain 2025 returns later this month with its most ambitious edition to date, bringing the kingdom’s real estate community together for five days of investment activity, project showcases, and sector dialogue.
Running from November 25 to 29 under the theme ‘Elevate Your Lifestyle’, this year’s event brings over consumption 60 leading exhibitors to Exhibition World Bahrain, attracting over 12,000 visitors ranging from investors and developers to homebuyers and regional decision-makers.
Cityscape Bahrain’s strong partner lineup reflects growing confidence in the kingdom’s real estate market. BBK joins as Official Banking Partner, alongside Durrat Al Bahrain as Gold Sponsor, and Jotun as Networking Partner, underscoring the event’s growing role as a platform for investment and innovation.
Across the exhibition floor, visitors will experience a diverse showcase of residential, commercial, and mixed-use developments from major players including including Bahr...
RX a global leader in events and exhibitions and the organiser of the industry flagship MIPIM has announced it is debuting a new show MIPIM Middle East next year. To be held at the Ritz-Carlton Riyadh Saudi Arabia on October 20 and 21 2026 MIPIM Middle East will bring together the international real estate and investment community with key policy makers and project owners from across the Middle East attracting the global capital needed to realise the region s ambitious development visions. Known as the global urban festival MIPIM has a long-established history as the international real estate industry s pre-eminent trade show and conference attracting over 20 000 delegates from around 100 countries. Ever year its flagship event in Cannes and sister event MIPIM Asia held in Hong Kong connect global real estate leaders and policymakers with the largest global network of investors - representing over 4 trillion in assets looking to dep...
Read More
RX, a global leader in events and exhibitions and the organiser of the industry flagship MIPIM, has announced it is debuting a new show, MIPIM Middle East, next year.
To be held at the Ritz-Carlton, Riyadh, Saudi Arabia, on October 20 and 21, 2026,
MIPIM Middle East will bring together the international real estate and investment community with key policy makers and project owners from across the Middle East, attracting the global capital needed to realise the region’s ambitious development visions.
Known as the global urban festival, MIPIM has a long-established history as the international real estate industry’s pre-eminent trade show and conference, attracting over 20,000 delegates from around 100 countries.
Ever year its flagship event in Cannes and sister event MIPIM Asia, held in Hong Kong, connect global real estate leaders and policymakers with the largest global network of investors - representing over $4 trillion in assets looking to dep...
Qatar s leading logistics and supply chain provider GWC and strategy group QC have joined hands to develop a state-of-the-art hub in the Gulf region for fine art storage and handling that will serve private collectors institutions and art galleries. Located in a designated free zone in Doha the facility will meet rising regional demand for art storage and logistics while contributing to Qatar s 2030 National Vision by expanding high-value economic activity in the creative and cultural industries. The Doha facility will provide museum-grade preservation secure storage and professional care for artworks and cultural assets supported by a conservation laboratory private and shared storage spaces viewing rooms and custom-bonded areas for art logistics and handling said the statement from GWC. It will also include learning and collaboration zones designed to advance local expertise in art preservation and management said the statement. ...
Read More
Qatar’s leading logistics and supply chain provider GWC and strategy group QC+ have joined hands to develop a state-of-the-art hub in the Gulf region for fine art storage and handling that will serve private collectors, institutions and art galleries.
Located in a designated free zone in Doha, the facility will meet rising regional demand for art storage and logistics while contributing to Qatar’s 2030 National Vision by expanding high-value economic activity in the creative and cultural industries.
The Doha facility will provide museum-grade preservation, secure storage and professional care for artworks and cultural assets, supported by a conservation laboratory, private and shared storage spaces, viewing rooms, and custom-bonded areas for art logistics and handling, said the statement from GWC.
It will also include learning and collaboration zones designed to advance local expertise in art preservation and management, said the statement. <...
Bringing together participants from over 165 countries with 70% solutions from international companies Big 5 Global will connect Middle East Africa and South Asia s (MEASA) construction and urban development ecosystem to a global network of suppliers manufacturers and technology providers. Big 5 Global from November 24 to 27 in Duabi brings together 2 800 exhibitors and over 60 000 products services systems and solutions from around the world supporting efficient reliable project delivery. International pavilions from Germany and Italy return with expertise in advanced materials including high-performance concrete cement marble and stone systems while India expands its footprint with advanced MEP and smart construction solutions for large-scale projects across the Middle East and Africa. Returning pavilions Austria and Pakistan showcase export-ready innovations in modular builds interiors and MEP systems designed to reduce costs and streamline delivery. ...
Read More
Bringing together participants from over 165 countries, with 70% solutions from international companies, Big 5 Global will connect Middle East, Africa and South Asia’s (MEASA) construction and urban development ecosystem to a global network of suppliers, manufacturers and technology providers.
Big 5 Global, from November 24 to 27 in Duabi, brings together 2,800 exhibitors and over 60,000 products, services, systems and solutions from around the world, supporting efficient, reliable project delivery.
International pavilions from Germany and Italy return with expertise in advanced materials, including high-performance concrete, cement, marble and stone systems, while India expands its footprint with advanced MEP and smart construction solutions for large-scale projects across the Middle East and Africa. Returning pavilions, Austria and Pakistan, showcase export-ready innovations in modular builds, interiors and MEP systems designed to reduce costs and streamline delivery. ...
Agility Global a multi-business owner operator and investor has reported a 21.1% rise in third-quarter EBIT which rose to 126.7 million boosted by the completion of Menzies Aviation s acquisition of US-based G2 Secure Staff and continued demand across its logistics and industrial real estate segments. Group revenue rose 6.7% to 1.3 billion while ebitda increased 19% to 214.7 million. Net profit for the quarter was 52 million or 0.55 cents per share. For the nine-month period Agility reported a profit of 97 million up from 91 million a year earlier. EBIT rose 8% to 316 million and revenue climbed 10.2% to 3.7 billion. Total assets stood at 12.2 billion as of September 30 with investments valued at about 5 billion led by its stake in DSV. On the results Chairman Tarek Sultan said it reflected the benefits of its portfolio strategy and disciplined execution. The completion of Menzies U.S. acquisition during the quarter is a maj...
Read More
Agility Global, a multi-business owner, operator and investor, has reported a 21.1% rise in third-quarter EBIT which rose to $126.7 million, boosted by the completion of Menzies Aviation’s acquisition of US-based G2 Secure Staff and continued demand across its logistics and industrial real estate segments.
Group revenue rose 6.7% to $1.3 billion, while ebitda increased 19% to $214.7 million. Net profit for the quarter was $52 million, or 0.55 cents per share. For the nine-month period, Agility reported a profit of $97 million, up from $91 million a year earlier.
EBIT rose 8% to $316 million and revenue climbed 10.2% to $3.7 billion. Total assets stood at $12.2 billion as of September 30, with investments valued at about $5 billion, led by its stake in DSV.
On the results, Chairman Tarek Sultan said it reflected the benefits of its portfolio strategy and disciplined execution. “The completion of Menzies’ U.S. acquisition during the quarter is a maj...
Data centre developers worldwide are rapidly shifting their focus to the construction of facilities capable of supporting artificial intelligence (AI) workloads but sector experts are warning that the complex requirements of these new data centres may be outpacing supply chain preparedness. The 2025-2026 Data Centre Construction Cost Index from global professional services company Turner & Townsend reveals 83 percent of data centre industry experts do not believe supply chains are well equipped to deliver the advanced cooling technology required for AI data centres. Based on expert insight from 280 data centre industry professionals across 52 worldwide markets the report points to 2025 as an inflexion point for the sector as it moves from a focus on traditional cloud-based air-cooled data centres to the growing dominance of high-density liquid-cooled facilities to support AI workloads. Meanwhile 48 percent of respondents cited power availability as the ...
Read More
Data centre developers worldwide are rapidly shifting their focus to the construction of facilities capable of supporting artificial intelligence (AI) workloads – but sector experts are warning that the complex requirements of these new data centres may be outpacing supply chain preparedness.
The 2025-2026 Data Centre Construction Cost Index from global professional services company, Turner & Townsend, reveals 83 percent of data centre industry experts do not believe supply chains are well equipped to deliver the advanced cooling technology required for AI data centres.
Based on expert insight from 280 data centre industry professionals across 52 worldwide markets, the report points to 2025 as an inflexion point for the sector as it moves from a focus on traditional cloud-based, air-cooled data centres to the growing dominance of high-density, liquid-cooled facilities to support AI workloads.
Meanwhile, 48 percent of respondents cited power availability as the ...
Rafal Real Estate Development Company Riyadh-based developer and Rove Hotels announced a strategic partnership to develop multiple Rove Hotels properties in the Saudi capital. The signing ceremony which took place in Riyadh officially marks the Rove brand s expansion into the Saudi Arabian market with plans for future cities to follow. Rove Hotels is a dynamic award-winning lifestyle brand that has rapidly emerged as one of the fastest-growing hospitality brands in the Middle East. Born in Dubai as a joint venture between Emaar Properties and Dubai Holding Rove already boasts over 8 000 keys open or under development. The brand is defined by its smart vibrant design seamless and fuss-free service culture and a robust commitment to sustainability appealing to the modern traveller seeking both style and substance. Under the agreement the ...
Read More
Rafal Real Estate Development Company, Riyadh-based developer, and Rove Hotels announced a strategic partnership to develop multiple Rove Hotels properties in the Saudi capital.
The signing ceremony, which took place in
Riyadh, officially marks the Rove brand's expansion into the Saudi Arabian
market, with plans for future cities to follow.
Rove Hotels is a
dynamic, award-winning lifestyle brand that has rapidly emerged as one of the
fastest-growing hospitality brands in the Middle East. Born in Dubai as a joint
venture between Emaar Properties and Dubai Holding, Rove already boasts over 8,000
keys open or under development. The brand is defined by its smart, vibrant
design, seamless and fuss-free service culture, and a robust commitment to
sustainability, appealing to the modern traveller seeking both style and
substance.
Under the agreement, the ...
Saudi Arabia s construction and building sector topped the list as the most attractive field at the Land of Opportunities zone at the Biban Forum 2025 organised by the Small and Medium Enterprises General Authority (Monsha at). The zone witnessed strong participation from entrepreneurs and investors with active engagement covering more than 10 000 investment opportunities across 13 economic sectors. The construction sector was followed by the information and communications technology (ICT) sector on the list. This trend reflects robust demand for infrastructure and real estate development projects as well as the growing interest in digital transformation and technology-driven solutions said a report by Saudi Press Agency. The Land of Opportunities zone showcased a wide range of investment prospects offered by government and private entities highlighting the depth and diversity of the Saudi economy. These opportunities covered sectors such as agriculture m...
Read More
Saudi Arabia's construction and building sector topped the list as the most attractive field at the “Land of Opportunities” zone at the Biban Forum 2025, organised by the Small and Medium Enterprises General Authority (Monsha’at).
The zone witnessed strong participation from entrepreneurs and investors, with active engagement covering more than 10,000 investment opportunities across 13 economic sectors.
The construction sector was followed by the information and communications technology (ICT) sector on the list. This trend reflects robust demand for infrastructure and real estate development projects, as well as the growing interest in digital transformation and technology-driven solutions, said a report by Saudi Press Agency.
The “Land of Opportunities” zone showcased a wide range of investment prospects offered by government and private entities, highlighting the depth and diversity of the Saudi economy. These opportunities covered sectors such as agriculture, m...
The construction of the Dubai Metro Blue Line has reached 10 percent completion just five months after its ground-breaking ceremony in June 2025. The AED56.5 billion ( 15.38 billion) project spans 30 km and includes 14 stations linking the Red and Green Lines and connecting key residential economic and educational districts. Over 500 engineers and experts along with 3 000 workers are currently deployed across 12 sites to accelerate progress said Mattar Al Tayer Director-General and Chairman of the Board of Executive Directors of Dubai s Roads and Transport Authority (RTA) according to a WAM news . Al Tayer confirmed that work is proceeding on schedule with 30 percent completion expected by the end of 2026 and operations set to begin on September 9 2029. The Dubai Metro Blue Line is one of RTA s most strategic projects serving areas expected to house around one million residents by 2040 and offering direct journeys to Dubai International Airport i...
Read More
The construction of the Dubai Metro Blue Line has reached 10 percent completion, just five months after its ground-breaking ceremony in June 2025.
The AED56.5 billion ($15.38 billion) project spans 30 km and includes 14 stations, linking the Red and Green Lines and connecting key residential, economic, and educational districts. Over 500 engineers and experts, along with 3,000 workers, are currently deployed across 12 sites to accelerate progress, said Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), according to a WAM news .
Al Tayer confirmed that work is proceeding on schedule, with 30 percent completion expected by the end of 2026 and operations set to begin on September 9, 2029.
“The Dubai Metro Blue Line is one of RTA’s most strategic projects, serving areas expected to house around one million residents by 2040 and offering direct journeys to Dubai International Airport i...
The construction sector maintained a remarkable growth in Dubai with a value addition of AED16 billion ( 4.36 billion) in H1 2025 said a report. The sector contributed 6.7 percent to GDP recording 8.5 percent growth year-on-year. In Q2 the sector grew by 14.9 percent contributing 6.2 percent to GDP supported by increased government spending on development projects that boosted economic activity. Meanwhile Dubai s economy continued to maintain its strong upward momentum in the first half of 2025 surpassing projections and consolidating its position as a one of the world s most vibrant and competitive urban economies. The emirate s GDP grew 4.4 percent to reach AED241 billion ( 65.62 billion) in the first half of the year. In the second quarter alone Dubai s GDP climbed 4.7 percent to AED122 billion ( 33.22 billion). This high performance was driven by exceptional results across key sectors that continue to underpin Dubai s sustainable growth and econom...
Read More
The construction sector maintained a remarkable growth in Dubai, with a value addition of AED16 billion ($4.36 billion) in H1 2025, said a report.
The sector contributed 6.7 percent to GDP, recording 8.5 percent growth year-on-year. In Q2, the sector grew by 14.9 percent, contributing 6.2 percent to GDP supported by increased government spending on development projects that boosted economic activity.
Meanwhile, Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies.
The emirate’s GDP grew 4.4 percent to reach AED241 billion ($65.62 billion) in the first half of the year. In the second quarter alone, Dubai’s GDP climbed 4.7 percent to AED122 billion ($33.22 billion).
This high performance was driven by exceptional results across key sectors that continue to underpin Dubai’s sustainable growth and econom...
The Chartered Institute of Building (CIOB) is targeting accelerated expansion across the Middle East and North Africa (MENA) region with Saudi Arabia and Egypt identified as priority markets according to the top official of the international professional authority for construction management and leadership that sets and maintains high standards for building professionals worldwide. In an exclusive interview with Gulf Construction s Bina Goveas President Paul Gandy says his vision aligned with CIOB s corporate plan is to help the sector in MENA thrive through sustained investment sustainable practice and a strengthened skills base. The region is experiencing rapid growth and with that comes an opportunity to ensure new projects deliver long-term social economic and environmental value. Encouraging responsible investment is essential if we are to build resilient communities and world-class infrastructure he says. Sustainability tackling skil...
Read More
The Chartered Institute of Building (CIOB) is targeting accelerated expansion across the Middle East and North Africa (MENA) region, with Saudi Arabia and Egypt identified as priority markets, according to the top official of the international professional authority for construction management and leadership that sets and maintains high standards for building professionals worldwide.
In an exclusive interview with Gulf Construction’s Bina Goveas, President Paul Gandy says his vision, aligned with CIOB’s corporate plan, is to help the sector in MENA thrive through sustained investment, sustainable practice and a strengthened skills base.
“The region is experiencing rapid growth, and with that comes an opportunity to ensure new projects deliver long-term social, economic and environmental value. Encouraging responsible investment is essential if we are to build resilient communities and world-class infrastructure,” he says.
Sustainability, tackling skil...
Saudi Arabia s real estate market is soaring fuelled by bold reforms and economic momentum says a report by CBRE Middle East a global leader in commercial real estate. CBRE s Q3 2025 Saudi Arabia Real Estate Market Review sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth landmark regulatory reforms and rising development activity across key sectors. Saudi Arabia s real GDP grew by 3.9% year-on-year in Q2 prompting an upward revision of the 2025 forecast to 4.2% with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential office retail hospitality and industrial markets. Three major policy interventions in Q3 are set to redefine the Kingdom s real estate trajectory the report said. They are: New ownership law for non-Saudis: Announced in July and set to take effect in January 2026 this landmark legislation opens the market to foreign invest...
Read More
Saudi Arabia’s real estate market is soaring, fuelled by bold reforms and economic momentum, says a report by CBRE Middle East, a global leader in commercial real estate.
CBRE's Q3 2025 Saudi Arabia Real Estate Market Review, sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth, landmark regulatory reforms, and rising development activity across key sectors.
Saudi Arabia’s real GDP grew by 3.9% year-on-year in Q2, prompting an upward revision of the 2025 forecast to 4.2%, with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential, office, retail, hospitality, and industrial markets.
Three major policy interventions in Q3 are set to redefine the Kingdom’s real estate trajectory, the report said. They are:
* New ownership law for non-Saudis: Announced in July and set to take effect in January 2026, this landmark legislation opens the market to foreign invest...
Saudi Arabia s real estate market is soaring fuelled by bold reforms and economic momentum says a report by CBRE Middle East a global leader in commercial real estate. CBRE s Q3 2025 Saudi Arabia Real Estate Market Review sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth landmark regulatory reforms and rising development activity across key sectors. Saudi Arabia s real GDP grew by 3.9% year-on-year in Q2 prompting an upward revision of the 2025 forecast to 4.2% with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential office retail hospitality and industrial markets. Three major policy interventions in Q3 are set to redefine the Kingdom s real estate trajectory the report said. They are: New ownership law for non-Saudis: Announced in July and set to take effect in January 2026 this landmark legislation opens the market to foreign invest...
Read More
Saudi Arabia’s real estate market is soaring, fuelled by bold reforms and economic momentum, says a report by CBRE Middle East, a global leader in commercial real estate.
CBRE's Q3 2025 Saudi Arabia Real Estate Market Review, sees a resilient and rapidly evolving landscape driven by robust non-oil economic growth, landmark regulatory reforms, and rising development activity across key sectors.
Saudi Arabia’s real GDP grew by 3.9% year-on-year in Q2, prompting an upward revision of the 2025 forecast to 4.2%, with the non-oil sector now contributing 56% of total GDP. This diversification is fuelling sustained demand across residential, office, retail, hospitality, and industrial markets.
Three major policy interventions in Q3 are set to redefine the Kingdom’s real estate trajectory, the report said. They are:
* New ownership law for non-Saudis: Announced in July and set to take effect in January 2026, this landmark legislation opens the market to foreign invest...
SAL Logistics Services the national leader in cargo handling logistics solutions and supply chain management in Saudi Arabia has signed a strategic partnership agreement with TAM Group to strengthen air cargo operations between China and the Kingdom. The signing took place on the sidelines of the Transport Logistic Southeast Asia Exhibition in Singapore one of the world s leading events in the transport and logistics sector and was attended by top industry leaders from around the globe. This partnership marks SAL s first international expansion entering the Chinese market through TAM Group a key milestone in expanding into one of the world s largest and most dynamic logistics markets. Both parties will combine their expertise to enhance the trade corridor between China and Saudi Arabia addressing the growing demand across multiple sectors particularly e-commerce while developing innovative freight solutions that boost operational efficiency and open new hor...
Read More
SAL Logistics Services, the national leader in cargo handling, logistics solutions, and supply chain management in Saudi Arabia, has signed a strategic partnership agreement with TAM Group to strengthen air cargo operations between China and the Kingdom.
The signing took place on the sidelines of the Transport Logistic Southeast Asia Exhibition in Singapore one of the world’s leading events in the transport and logistics sector and was attended by top industry leaders from around the globe.
This partnership marks SAL’s first international expansion, entering the Chinese market through TAM Group a key milestone in expanding into one of the world’s largest and most dynamic logistics markets. Both parties will combine their expertise to enhance the trade corridor between China and Saudi Arabia, addressing the growing demand across multiple sectors, particularly e-commerce, while developing innovative freight solutions that boost operational efficiency and open new hor...
Parsons Corporation has announced that it has secured a 56 million contract from Diriyah Company to provide design and construction supervision services for the Phase II of its mega project coming up in Riyadh. Diriyah home to the At-Turaif Unesco World Heritage Site is the well-preserved birthplace of the Kingdom of Saudi Arabia and was the ancestral home of House Al Saud Saudi Arabia s royal family. Diriyah Company is creating a mixed-use urban destination just 15 minutes from the centre of Riyadh that combines traditional Najdi architectural styles with modern urbanism. Upon completion the first phase of the landmark giga-project will be 100% walkable and provide a unique opportunity to visit live work shop and dine in a setting that pays homage to the Kingdom s past. Under the 5-year contract Parsons will support the design and delivery of a series of iconic and neighborhood parks open spaces and over 55km of streetscape. ...
Read More
Parsons Corporation has announced that it has secured a $56 million contract from Diriyah Company to provide design and construction supervision services for the Phase II of its mega project coming up in Riyadh.
Diriyah, home to the At-Turaif Unesco World Heritage Site, is the well-preserved birthplace of the Kingdom of Saudi Arabia and was the ancestral home of House Al Saud – Saudi Arabia’s royal family.
Diriyah Company is creating a mixed-use urban destination just 15 minutes from the centre of Riyadh that combines traditional Najdi architectural styles with modern urbanism.
Upon completion, the first phase of the landmark giga-project will be 100% walkable and provide a unique opportunity to visit, live, work, shop, and dine in a setting that pays homage to the Kingdom’s past.
Under the 5-year contract, Parsons will support the design and delivery of a series of iconic and neighborhood parks, open spaces and over 55km of streetscape.
...Construction across the Gulf continues to set global benchmarks for speed scale and ambition. And the region s shift toward smart cities and data-centric infrastructure is introducing a new measure of success: how well a building communicates. Increasingly the digital foundations laid during construction determine whether a building can deliver the intelligence owners and occupants now expect. In the past connectivity was often addressed only once physical works were complete. Today that practice risks costly delays operational constraints and underperforming systems. Industry leaders across the Gulf now view the network as a core utility essential to the architectural and engineering planning process and best designed before concrete is poured and ceilings are closed. During construction reliable connectivity supports the daily realities of modern delivery: remote design reviews cloud-based project management digital health and safety monitoring and ...
Read More
Construction across the Gulf continues to set global benchmarks for speed, scale, and ambition. And the region’s shift toward smart cities and data-centric infrastructure is introducing a new measure of success: how well a building communicates.
Increasingly, the digital foundations laid during construction determine whether a building can deliver the intelligence owners and occupants now expect.
In the past, connectivity was often addressed only once physical works were complete. Today, that practice risks costly delays, operational constraints, and underperforming systems. Industry leaders across the Gulf now view the network as a core utility, essential to the architectural and engineering planning process — and best designed before concrete is poured and ceilings are closed.
During construction, reliable connectivity supports the daily realities of modern delivery: remote design reviews, cloud-based project management, digital health and safety monitoring, and ...
Spanish infrastructure major Acciona with its commitment to advancing sustainable and efficient logistics management has successfully developed and deployed a new innovative digital transport solutions (DTS) platform in Qatar marking a significant milestone in the facility management sector in the Middle East. Designed to tackle the growing challenges of modern supply chains DTS integrates digitalisation and intelligent optimisation into a single platform. It enhances visibility efficiency and adaptability across logistics operations - elements that are no longer optional but essential in today s fast-paced environment. At the heart of DTS is a Personalized Operational Center which centralises all logistics processes enabling real-time monitoring co-ordination and decision-making. The platform is complemented by a dedicated Driver App ensuring optimised route planning real-time delivery tracking and transparent communication between dri...
Read More
Spanish infrastructure major Acciona, with its commitment to advancing sustainable and efficient logistics management, has successfully developed and deployed a new innovative digital transport solutions (DTS) platform in Qatar, marking a significant milestone in the facility management sector in the Middle East.
Designed to tackle the growing challenges of modern supply chains, DTS integrates digitalisation and intelligent optimisation into a single platform.
It enhances visibility, efficiency and adaptability across logistics operations - elements that are no longer optional, but essential in today’s fast-paced environment.
At the heart of DTS is a Personalized Operational Center, which centralises all logistics processes, enabling real-time monitoring, co-ordination and decision-making.
The platform is complemented by a dedicated Driver App, ensuring optimised route planning, real-time delivery tracking and transparent communication between dri...
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund managed by Sedco Capital Company) for a project in the port city of Jeddah. As per the SAR135 million ( 36.01 million) deal the company will develop and execute infrastructure works on a 960 000-sq-m project located in the North Obhur neighborhood in Jeddah said Sumou Real Estate Company in its filing to the Saudi bourse Tadawul. The entire work will be completed within a two-year period it stated. The project is expected to have a positive impact on the company s results it added.- TradeArabia News Service ...
Read More
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund managed by Sedco Capital Company) for a project in the port city of Jeddah.
As per the SAR135 million ($36.01 million) deal, the company will develop and execute infrastructure works on a 960,000-sq-m project located in the North Obhur neighborhood in Jeddah, said Sumou Real Estate Company in its filing to the Saudi bourse Tadawul.
The entire work will be completed within a two-year period, it stated.
The project is expected to have a positive impact on the company’s results, it added.-TradeArabia News Service
Noatum Logistics an AD Ports Group company and a leading global logistics management services provider has signed a preliminary agreement with Hafeet Rail developer and operator of the first cross-border railway network connecting Oman and the UAE to establish a new rail service between Sohar in Oman and Abu Dhabi in the UAE. The agreement was formalised at the Global Rail 2025 exhibition in Abu Dhabi and marks a significant step toward launching a dedicated freight rail corridor between the UAE and Oman. Under the proposed arrangement Noatum Logistics would run a daily rail service leveraging Hafeet Rail s network once completed. The service would run seven container trains per week each with a capacity of 276 TEUs equating to an annual throughput of approximately 193 200 TEUs. The agreement secures dedicated trains for 20ft 40ft and 45ft containers ensuring reliable and consistent capacity from the very first day of operations. These flows will cover a...
Read More
Noatum Logistics, an AD Ports Group company and a leading global logistics management services provider, has signed a preliminary agreement with Hafeet Rail, developer and operator of the first cross-border railway network connecting Oman and the UAE, to establish a new rail service between Sohar in Oman and Abu Dhabi in the UAE.
The agreement was formalised at the Global Rail 2025 exhibition in Abu Dhabi and marks a significant step toward launching a dedicated freight rail corridor between the UAE and Oman.
Under the proposed arrangement, Noatum Logistics would run a daily rail service leveraging Hafeet Rail’s network, once completed. The service would run seven container trains per week, each with a capacity of 276 TEUs, equating to an annual throughput of approximately 193,200 TEUs.
The agreement secures dedicated trains for 20ft, 40ft, and 45ft containers, ensuring reliable and consistent capacity from the very first day of operations. These flows will cover a...
Emirates Central Cooling Systems Corporation (Empower) has announced that it has started work on its second district cooling plant in Jumeirah Village Circle which on completion will have a production capacity of 37 000 refrigeration tonnes (RT). The company confirmed that the construction will proceed according to the approved schedule under the direct supervision of Empower s in-house projects team. Empower said the Jumeirah Village project is one of its largest and most prominent developments. The company is building six advanced district cooling plants to serve the entire area with a combined capacity of 256 000 RT. The new plant the second in the area will join the existing world s first unmanned district cooling plant which has a cooling capacity of 49 000 RT it stated. Featuring advanced cooling technologies that offer high energy and water efficiency the new plant will provide services to numerous residential commercia...
Read More
Emirates Central Cooling Systems Corporation (Empower) has announced that it has started work on its second district cooling plant in Jumeirah Village Circle, which on completion, will have a production capacity of 37,000 refrigeration tonnes (RT).
The company confirmed that the construction will proceed according to the approved schedule under the direct supervision of Empower’s in-house projects team.
Empower said the Jumeirah Village project is one of its largest and most prominent developments.
The company is building six advanced district cooling plants to serve the entire area, with a combined capacity of 256,000 RT.
The new plant, the second in the area, will join the existing world’s first unmanned district cooling plant, which has a cooling capacity of 49,000 RT, it stated.
Featuring advanced cooling technologies that offer high energy and water efficiency, the new plant will provide services to numerous residential, commercia...
Riyad Capital one of the k ingdom s largest asset managers and a leading company in real estate investment has announced that it will join hands with the Saudi Railway Company (SAR) to establish a real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model a global concept focused on creating integrated urban communities adjacent to public transport stations. The project will be developed on a 90 000-sq-m land plot located in the Al Rusifah district near the Haramain High-Speed Railway Station in Makkah at s...
Read More
Riyad Capital, one of the kingdom’s largest asset managers and a leading company in real estate investment, has announced that it will join hands with the Saudi Railway Company (SAR) to establish a real estate fund aimed at developing a mixed-use project based on the Transit Oriented Development (TOD) model, a global concept focused on creating integrated urban communities adjacent to public transport stations.
The project will be developed on a 90,000-sq-m land plot located in the Al Rusifah district near the Haramain High-Speed Railway Station in Makkah at
Leading UAE developer Arada has awarded the construction contract for the Rove Aljada hotel cluster located within the AED35 billion ( 9.5 billion) Sharjah megaproject. Spread across four blocks the Rove Aljada hotel and Rove Home Aljada branded residences buildings are ideally based next to the upcoming commercial district Arada CBD and Madar Mall. The AED397 million contract has been awarded to Modern Building Contracting Company (MBCC) which will begin construction of the cluster immediately with a completion set for December 2027. Once ready the Rove Aljada hotel will feature 192 rooms along with key amenities such as a rooftop swimming pool co-working spaces a 24-hour gym and an all-day dining restaurant among other facilities said the statement from Arada. Rove Home Aljada consists of 306 high-end branded residences and serviced apartments including one- two- and three-bedroom layouts within a building featuring colourful and contempora...
Read More
Leading UAE developer Arada has awarded the construction contract for the Rove Aljada hotel cluster, located within the AED35 billion ($9.5 billion) Sharjah megaproject.
Spread across four blocks, the Rove Aljada hotel and Rove Home Aljada branded residences buildings are ideally based next to the upcoming commercial district Arada CBD and Madar Mall.
The AED397 million contract has been awarded to Modern Building Contracting Company (MBCC), which will begin construction of the cluster immediately, with a completion set for December 2027.
Once ready, the Rove Aljada hotel will feature 192 rooms along with key amenities such as a rooftop swimming pool, co-working spaces, a 24-hour gym and an all-day dining restaurant among other facilities, said the statement from Arada.
Rove Home Aljada consists of 306 high-end branded residences and serviced apartments, including one-, two- and three-bedroom layouts, within a building featuring colourful and contempora...
In a major move Kuwait has issued a new decree regulating real estate ownership by companies investment funds and portfolios including those with foreign partners under specific conditions reported Arab Times. citing the official gazette (Kuwait Alyawm). Under this firms with expat partners that are listed on Kuwaiti stock exchanges - along with real estate funds and investment portfolios licensed by Kuwaiti authorities - can own real estate if their stated purpose includes real estate activities stated the report. It implements the provisions of Decree Law No.74 of 1979 which governs property ownership by non-Kuwaitis. Under the Kuwaiti law issued in 1979 such companies were barred from owning property in the country and only Arab individuals could buy a house or land through an Amiri decree stated the Arab Times report. According to the old legislation foreigners who inherit property from their Kuwaiti mothers must sell it within o...
Read More
In a major move, Kuwait has issued a new decree regulating real estate ownership by companies, investment funds, and portfolios, including those with foreign partners, under specific conditions, reported Arab Times. citing the official gazette (Kuwait Alyawm).
Under this, firms with expat partners that are listed on Kuwaiti stock exchanges - along with real estate funds and investment portfolios licensed by Kuwaiti authorities - can own real estate if their stated purpose includes real estate activities, stated the report.
It implements the provisions of Decree Law No.74 of 1979, which governs property ownership by non-Kuwaitis.
Under the Kuwaiti law issued in 1979, such companies were barred from owning property in the country and only Arab individuals could buy a house or land through an Amiri decree, stated the Arab Times report.
According to the old legislation, foreigners who inherit property from their Kuwaiti mothers must sell it within o...
Alec Holdings a diversified engineering and construction group in UAE has announced its listing on Dubai Financial Market thus marking UAE s largest-ever initial public offering in the construction sector by both valuation and size and the first in the sector in over 15 years. The company s successful debut on the DFM follows the completion of a fully subscribed IPO which raised AED1.4 billion ( 381 million) through the sale of 1 billion existing ordinary shares by the selling shareholder the Investment Corporation of Dubai (ICD) the principal investment arm of the Government of Dubai. According to DFM the offering represented 20% of the company s issued share capital. Following the listing the Investment Corporation of Dubai (ICD) Alec s sole selling shareholder will retain an 80% stake in the company. Annou...
Read More
Alec Holdings, a diversified engineering and construction group in UAE, has announced its listing on Dubai Financial Market, thus marking UAE’s largest-ever initial public offering in the construction sector, by both valuation and size, and the first in the sector in over 15 years.
The company’s successful debut on the DFM follows the completion of a fully subscribed IPO, which raised AED1.4 billion ($381 million) through the sale of 1 billion existing ordinary shares by the selling shareholder, the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai.
According to DFM, the offering represented 20% of the company’s issued share capital. Following the listing, the Investment Corporation of Dubai (ICD), Alec’s sole selling shareholder, will retain an 80% stake in the company.
Annou...
Saudi-based SAL Saudi Logistics Services has signed a strategic agreement with Saudi Post to enhance mail handling and transportation operations across various regions of the Kingdom. As per the agreement SAL will provide ground handling services for postal and commercial shipments. Under this 12-month contract SAL will fully oversee mail and parcel handling from the moment it is received equip dedicated loading units ensure safety during storage and transportation and manage their movement between warehouses postal facilities and aircraft said the Saudi logistics group in its filing to Saudi bourse Tadawul. This agreement aims to raise the efficiency of courier operations and achieve greater streamlining of services thereby enhancing the integration of services between the postal and logistics sectors in the kingdom. The final value of the agreement is based on the demand for services at the prices specified it added.- TradeArabi...
Read More
Saudi-based SAL Saudi Logistics Services has signed a strategic agreement with Saudi Post to enhance mail handling and transportation operations across various regions of the Kingdom.
As per the agreement, SAL will provide ground handling services for postal and commercial shipments.
Under this 12-month contract, SAL will fully oversee mail and parcel handling from the moment it is received, equip dedicated loading units, ensure safety during storage and transportation, and manage their movement between warehouses, postal facilities and aircraft, said the Saudi logistics group in its filing to Saudi bourse Tadawul.
This agreement aims to raise the efficiency of courier operations and achieve greater streamlining of services, thereby enhancing the integration of services between the postal and logistics sectors in the kingdom.
The final value of the agreement is based on the demand for services at the prices specified, it added.-TradeArabi...
Saif Bin Darwish a leading construction and contracting company in UAE said it has acquired Gulf Precast the country s largest manufacturer of precast concrete in a move aimed at boosting its leadership in construction sector. Saif Bin Darwish is an integral part of the Darwish Bin Ahmed and Sons group which represents a fully established and locally-owned series of business groups for over 40 years across four continents in more than 50 countries. The Emirati company has played a key role in several residential commercial and infrastructure projects within the UAE and abroad achieving a distinguished record of awards and recognition. This acquisition represents a significant strategic move that allows for the integration of Saif Bin Darwish s extensive expertise in road bridge airport and tunnel projects with the advanced manufacturing capabilities of Gulf Precast said a statement from the company. This synergy enhances their combined potent...
Read More
Saif Bin Darwish, a leading construction and contracting company in UAE, said it has acquired Gulf Precast, the country's largest manufacturer of precast concrete, in a move aimed at boosting its leadership in construction sector.
Saif Bin Darwish is an integral part of the Darwish Bin Ahmed and Sons group, which represents a fully established and locally-owned series of business groups for over 40 years across four continents in more than 50 countries.
The Emirati company has played a key role in several residential, commercial and infrastructure projects within the UAE and abroad, achieving a distinguished record of awards and recognition.
This acquisition represents a significant strategic move that allows for the integration of Saif Bin Darwish's extensive expertise in road, bridge, airport, and tunnel projects with the advanced manufacturing capabilities of Gulf Precast, said a statement from the company.
This synergy enhances their combined potent...
Following a spectacular opening day Cityscape Qatar 2025 the nation s premier real estate exhibition surged into day two at the Doha Exhibition and Convention Center with momentum and energy according to the event organisers. Day two delivered a fascinating showcase of innovation immersive activations and strategic collaboration that cemented the event s status as the must-attend platform for the sector. The event saw global visionaries investors and developers explore the next era of property development as well as discover groundbreaking projects and unlock new investment opportunities. Across the exhibition floor thousands of visitors explored a dynamic mix of pavilions networking areas and interactive experiences as the region s biggest developers and institutions unveiled projects spanning residential hospitality industrial and mixed-use sectors said the event organisers. Exhibitors including JMJ which drew crowds with i...
Read More
Following a spectacular opening day, Cityscape Qatar 2025, the nation’s premier real estate exhibition, surged into day two at the Doha Exhibition and Convention Center with momentum and energy, according to the event organisers.
Day two delivered a fascinating showcase of innovation, immersive activations, and strategic collaboration that cemented the event’s status as the must-attend platform for the sector.
The event saw global visionaries, investors and developers explore the next era of property development as well as discover groundbreaking projects and unlock new investment opportunities.
Across the exhibition floor, thousands of visitors explored a dynamic mix of pavilions, networking areas, and interactive experiences, as the region’s biggest developers and institutions unveiled projects spanning residential, hospitality, industrial, and mixed-use sectors, said the event organisers.
Exhibitors including JMJ, which drew crowds with i...
The GCC construction sector - valued at SAR667 billion ( 178 in 2025 - is poised for solid growth over the next five years with the market set to hit SAR 850.96 billion ( 227 billion) by 2030 growing at a CAGR of more than 5% during the period said a report released ahead of the second edition of a key HVAC industry event in Riyadh. The second edition of the Middle East Industry Congress - HVACR Next Generation: Sustainability in Extreme Conditions is being hosted by Eurovent Middle East in cooperation with the Air Movement and Control Association (AMCA) on October 28 at the InterContinental Durrat Al Riyadh Resort & Spa Saudi Arabia. Supported by leading HVACR manufacturers the congress will bring together government officials industry leaders and stakeholders to explore the challenges and opportunities shaping the future of the HVACR sector in one of the world s most demanding climates. This rapid GCC construction sector expansion is expected to d...
Read More
The GCC construction sector - valued at SAR667 billion ($178 in 2025 - is poised for solid growth over the next five years with the market set to hit SAR 850.96 billion ($227 billion) by 2030 growing at a CAGR of more than 5% during the period, said a report released ahead of the second edition of a key HVAC industry event in Riyadh.
The second edition of the Middle East Industry Congress - HVACR Next Generation: Sustainability in Extreme Conditions is being hosted by Eurovent Middle East, in cooperation with the Air Movement and Control Association (AMCA) on October 28 at the InterContinental Durrat Al Riyadh Resort & Spa, Saudi Arabia.
Supported by leading HVACR manufacturers, the congress will bring together government officials, industry leaders, and stakeholders to explore the challenges and opportunities shaping the future of the HVACR sector in one of the world’s most demanding climates.
This rapid GCC construction sector expansion is expected to d...
Arcapita Group Holdings Limited (Arcapita) a global alternative investment firm today announced the exit of ARC US Industrial Portfolio VI a Class A industrial distribution facility located in Dallas-Fort Worth (DFW) Texas and fully leased to Federal Express Corporation (FedEx) under a long-term triple net lease. The asset was acquired by Ares Management a leading global alternative investment manager. The property which spans 776 629 sq ft was acquired by Arcapita in January 2021 and strategically selected for its proximity to major interstate highways intermodal rail terminals and FedEx s second-largest US distribution hub located just four miles away. The facility serves as a critical node in FedEx s logistics network benefitting from a dense population base and robust regional demand for industrial space. img src= data:image/jpeg;base64 /9j/4AAQSkZJRgABAgAAZABkAAD/7AAxRHVja3kAAQAEAAAAZAADABwAAAAMAEEAbABpACAAQQBsAHIAaQBmAGYAYQBpAAD/7gAOQWRvYmU...
Read More
Arcapita Group Holdings Limited (Arcapita), a global alternative investment firm, today announced the exit of ARC US Industrial Portfolio VI, a Class A industrial distribution facility located in Dallas-Fort Worth (DFW), Texas, and fully leased to Federal Express Corporation (FedEx), under a long-term triple net lease.
The asset was acquired by Ares Management, a leading global alternative investment manager.
The property, which spans 776,629 sq ft, was acquired by Arcapita in January 2021 and strategically selected for its proximity to major interstate highways, intermodal rail terminals, and FedEx’s second-largest US distribution hub located just four miles away. The facility serves as a critical node in FedEx’s logistics network, benefitting from a dense population base and robust regional demand for industrial space.
DP World a leading provider of smart end-to-end logistics solutions has entered into a joint venture agreement with Tashkent Invest a subsidiary of the Tashkent City Administration to develop and manage a state-of-the-art multimodal logistics terminal near the Uzbek capital. Under the deal Tashkent Invest will contribute 15% of the joint venture s equity capital. DP World will hold the remaining 85%. The total investment in the project is over 288 million across three phases. The partnership marks a significant step in advancing Uzbekistan s logistics infrastructure and its ambition to become a regional trade hub. The new terminal in the Yangi Avlod Special Industrial Zone located in the Yangihayot region of Tashkent will enhance connectivity efficiency and trade facilitation across Central Asia contributing to Uzbekistan s economic diversification and industrial growth. The joint venture company DP World...
Read More
DP World, a leading provider of smart end-to-end logistics solutions, has entered into a joint venture agreement with Tashkent Invest, a subsidiary of the Tashkent City Administration, to develop and manage a state-of-the-art multimodal logistics terminal near the Uzbek capital.
Under the deal, Tashkent Invest will contribute 15% of the joint venture’s equity capital. DP World will hold the remaining 85%. The total investment in the project is over $288 million across three phases.
The partnership marks a significant step in advancing Uzbekistan’s logistics infrastructure and its ambition to become a regional trade hub.
The new terminal in the Yangi Avlod Special Industrial Zone, located in the Yangihayot region of Tashkent will enhance connectivity, efficiency, and trade facilitation across Central Asia, contributing to Uzbekistan’s economic diversification and industrial growth.
The joint venture company, DP World...
Ajman s Department of Land and Real Estate Regulation said 5 048 real estate transactions were registered during the third quarter of 2025 with a total value exceeding AED8.12 billion ( 2.21 billion) marking a 47% growth compared to the same period last year. Omar bin Omair Al Muhairi Director-General of the Department stated that the figures recorded during the third quarter reflect the continued positive momentum in Ajman s real estate market. He noted that the diversity of real estate projects and the noticeable increase in the number of investors are due to a supportive and stimulating business environment that enhances confidence and ensures a comprehensive and successful investment experience said a Wam news agency report. He pointed out that the total trading volume reached AED5.22 billion from 4 102 transactions. The Al Rumaila 3 area recorded the highest sales value at AED300 million while the Emirates City project topped the list of major projects with th...
Read More
Ajman’s Department of Land and Real Estate Regulation said 5,048 real estate transactions were registered during the third quarter of 2025, with a total value exceeding AED8.12 billion ($2.21 billion), marking a 47% growth compared to the same period last year.
Omar bin Omair Al Muhairi, Director-General of the Department, stated that the figures recorded during the third quarter reflect the continued positive momentum in Ajman’s real estate market. He noted that the diversity of real estate projects and the noticeable increase in the number of investors are due to a supportive and stimulating business environment that enhances confidence and ensures a comprehensive and successful investment experience, said a Wam news agency report.
He pointed out that the total trading volume reached AED5.22 billion from 4,102 transactions. The Al Rumaila 3 area recorded the highest sales value at AED300 million, while the Emirates City project topped the list of major projects with th...
The Dubai real estate sector s upward trajectory over the last five years is highlighted by a new market report today (October 9) which points towards long-term stability and sustainable growth for investors. Over the first nine months of 2025 compared with the same period in 2021 real estate sales soared by 379.9 %. in value from AED104 billion ( 28.3 billion) to AED499 billion ( 135 billion). Transaction volume also jumped by 266% from 43 200 to 158 400. The dramatic upward curve for the January-September period culminated in a 32.4 % increase in total sales value and a 20.6 % rise in transactions over the last 12 months alone. A market study from fäm Properties shows that average overall monthly real estate sales rose sharply from 14 600 transactions worth AED41.89 billion for the first nine months in 2024 to 17 600 deals amounting to AED55.46 billion this year. Average sales values and volumes were also u...
Read More
The Dubai real estate sector’s upward trajectory over the last five years is highlighted by a new market report today (October 9) which points towards long-term stability and sustainable growth for investors.
Over the first nine months of 2025 compared with the same period in 2021, real estate sales soared by 379.9 %. in value from AED104 billion ($28.3 billion) to AED499 billion ($135 billion). Transaction volume also jumped by 266% from 43,200 to 158,400.
The dramatic upward curve for the January-September period culminated in a 32.4 % increase in total sales value and a 20.6 % rise in transactions over the last 12 months alone.
A market study from fäm Properties shows that average overall monthly real estate sales rose sharply from 14,600 transactions worth AED41.89 billion for the first nine months in 2024 to 17,600 deals amounting to AED55.46 billion this year.
Average sales values and volumes were also u...
Arcapita Group Holdings the global alternative investment firm has announced the launch of Lintara Properties a dedicated real estate asset manager developer and investment advisor operating in key regional markets including Saudi Arabia UAE and Bahrain. A major player in the region the Bahrain-headquartered Arcapita manages more than 1 billion in industrial real estate assets across the GCC serving a diversified tenant base that includes global and regional leaders such as DSV Obeikan and Iron Mountain. The new entity Lintara will provide asset management and development services to Arcapita s existing and future GCC industrial real estate funds positioning these funds with the scale and market reach to drive accelerated growth. With this foundation Lintara is well positioned to be the partner of choice for logistics and industrial tenants pursuing strategic expansion across the region. Launching wit...
Read More
Arcapita Group Holdings, the global alternative investment firm, has announced the launch of Lintara Properties, a dedicated real estate asset manager, developer and investment advisor, operating in key regional markets, including Saudi Arabia, UAE and Bahrain.
A major player in the region, the Bahrain-headquartered Arcapita manages more than $1 billion in industrial real estate assets across the GCC, serving a diversified tenant base that includes global and regional leaders such as DSV, Obeikan, and Iron Mountain.
The new entity, Lintara will provide asset management and development services to Arcapita’s existing and future GCC industrial real estate funds, positioning these funds with the scale and market reach to drive accelerated growth.
With this foundation, Lintara is well positioned to be the partner of choice for logistics and industrial tenants pursuing strategic expansion across the region.
Launching wit...
The Nemetschek Group one of the world s leading software providers for the Architecture Engineering Construction and Operations (AEC/O) industry has partnered with WakeCap Technologies a leading construction technology company in the Middle East to unlock new opportunities by combining global software leadership with cutting-edge wearable technologies. This agreement sets the stage for a strategic collaboration aimed at accelerating digital transformation across the Gulf Cooperation Council s (GCC) construction ecosystem the companies said. The partnership leverages the strengths of both companies: Nemetschek Group s extensive portfolio of industry-leading software solutions and WakeCap s cutting-edge sensor-powered project-controls platform which delivers real-time workforce visibility and site-wide intelligence. Currently deployed across 100 billion worth giga-projects with the region s most extensive workforce database tracking over 150 million wo...
Read More
The Nemetschek Group, one of the world’s leading software providers for the Architecture, Engineering, Construction and Operations (AEC/O) industry, has partnered with WakeCap Technologies, a leading construction technology company in the Middle East, to unlock new opportunities by combining global software leadership with cutting-edge wearable technologies.
This agreement sets the stage for a strategic collaboration aimed at accelerating digital transformation across the Gulf Cooperation Council’s (GCC) construction ecosystem, the companies said.
The partnership leverages the strengths of both companies: Nemetschek Group's extensive portfolio of industry-leading software solutions and WakeCap's cutting-edge sensor-powered project-controls platform, which delivers real-time workforce visibility and site-wide intelligence.
Currently deployed across $100 billion worth giga-projects with the region's most extensive workforce database tracking over 150 million wo...
Blackstone the world s largest alternative asset manager and Lunate an Abu Dhabi-based global investment management firm with over 110 billion in assets under management today (October 6) announced a strategic partnership to invest in logistics assets across the GCC. Under the partnership Blackstone which is the largest owner of logistics assets globally at over 1.2 billion sq ft and Lunate which has an extensive regional network and investment capabilities will establish Gulf Logistics Infrastructure Development Enterprise (Glide) - a platform dedicated to the development acquisition and management of Grade A logistics assets across the GCC. It is expected that additional strategic partners in the GCC will also participate in Glide which will have dedicated teams across the region supporting its build-out. Demand for logistics in the GCC is growing rapidly driven by a number of factors including economic growth ...
Read More
Blackstone, the world’s largest alternative asset manager, and Lunate, an Abu Dhabi-based global investment management firm with over $110 billion in assets under management, today (October 6) announced a strategic partnership to invest in logistics assets across the GCC.
Under the partnership, Blackstone, which is the largest owner of logistics assets globally at over 1.2 billion sq ft, and Lunate, which has an extensive regional network and investment capabilities, will establish Gulf Logistics Infrastructure Development Enterprise (Glide) - a platform dedicated to the development, acquisition and management of Grade A logistics assets across the GCC.
It is expected that additional strategic partners in the GCC will also participate in Glide, which will have dedicated teams across the region, supporting its build-out.
Demand for logistics in the GCC is growing rapidly, driven by a number of factors including economic growth,...
Qatari retailer Al Meera Consumer Goods Company has signed a strategic agreement with Kafy the first innovative platform to facilitate food supply between the hospitality restaurant sectors and suppliers in Qatar to help revolutionise food procurement and logistics sector. The partnership is set to redefine procurement and logistics operations for restaurants cafés home-based businesses and suppliers across the nation. Through this agreement Al Meera and Kafy are introducing a smart fully integrated solution that responds to the growing needs of Qatar s F&B ecosystem. The partnership will enable customers from the hospitality restaurant and cafe sectors to access their daily procurement needs at competitive prices benefit from same-day delivery services available seven days a week reduce waste enhance cost efficiency and enjoy flexible payment op...
Read More
Multi-million dollar deals were announced during Saudi Maritime & Logistics Congress which closed in Dammam Saudi Arabia on October 2. The 6th edition of the event under the patronage of the Minister of Transport and Logistic Services Saleh Al-Jasser was visited by Prince Saud bin Naif Al Saud Governor of the Eastern Province. He spoke on Saudi Arabia s outstanding growth in the maritime and logistics sectors under the guidance of Saudi Vision 2030 and its role as a leader in the Middle East which led the way to flurry of important announcements including a Bahri order for six geared ultramax dry bulk carriers to be built at International Maritime Industries (IMI) in Ras Al-Khair Saudi Arabia for a price of SAR 762 million ( 206 million). The ships are slated for delivery in batches between 2028 and 2029. The order is ...
Read More
Dubai s real estate market hit a new milestone in Q3 2025 recording the highest ever quarterly transaction volume and the second-largest sales value on record pushing total sales for the first nine months of the year to nearly AED500 billion ( 136.15 billion). A market update issued today by fäm Properties revealed that Q3 produced 59 228 sales transactions totalling AED170.7 billion marking YoY increases of 17.2% in volume and 19.9% in value. Data from DXBinteract also shows the full extent of the market s surge in the first nine months of 2025 with total sales reaching AED498.8 billion from 158 200 transactions - up 32.33% in value and 20.46% in volume compared with January-September 2024. Q3 saw 49 370 apartment sales at AED94.3 billion up 25.9% YoY in volume with commercial sales soaring 41.9% in volume to 1 565 transactions valued at AED4.2 billion. /div...
Read More
Saudi Arabia s Oil Sustainability Program (OSP) and Sika Saudi Arabia have signed a strategic memorandum of understanding to support innovation in the construction and industrial sectors and strengthen environmental and economic sustainability throughout Saudi Arabia. The agreement aligns national efforts to promote sustainable development and localise advanced technologies in the construction and industrial sectors said a Saudi Press Agency report. It focuses on delivering innovative solutions that enhance quality and efficiency reduce emissions and improve the performance of projects across these sectors. The agreement also supports the use of advanced polymer materials and the development of local supply chains in line with the demands of the Saudi market. Areas of collaboration include technical knowledge-sharing capacity building through specialized training programs ...
Read More
Persistent uncertainty is set to wipe out 2.5 trillion from the value of construction activity globally this year disrupting delivery across markets according to new global research from Currie & Brown a world-leading provider of cost management project management and advisory services. Organisations are seeing 13.7% of their project pipeline wiped out said the report. The report titled Building Certainty in an Era of Relentless Change surveys over 1 000 global decision-makers each responsible for construction pipelines averaging 12.9 billion. It reveals a disturbing picture of the damaging impact of uncertainty on construction projects and the potential knock-on consequences for the wider economy. It said one in four projects are cancelled outright due to the uncertainty. Most construction leaders expect conditions to worsen in the coming two years it said. ...
Read More
SC Capital Partners Group a leading Singapore-based institutional real estate investment management firm has launched the SC GCC Real Estate Industrial Development Fund (GRID). CapitaLand Investment Limited (CLI) a leading global real asset manager which holds a 40% stake in SC Capital Partners will co-sponsor the fund. The fund marks a significant step in advancing industrial and logistics development across the GCC with initial projects in the United Arab Emirates and the Saudi Arabia. SC Capital Partners will also collaborate with its affiliated industrial partner THi Holding Management Corporation which will serve as the development manager asset manager and operator. Together the three partners will form a consortium that combines institutional investment expertise with on-the-ground development capabilities to drive the Fund s success. Suchad Chiara...
Read More
Arcapita Group Holdings Limited a global alternative investment firm has exited nine highly functional industrial real estate assets totaling 1.5 million square feet located in Indianapolis Indiana the company said. The portfolio was acquired by Capital Partners a fully integrated logistics real estate specialist. The exit marks a successful outcome for Arcapita and its investors delivered following a volatile macroeconomic environment shaped by significant interest rate increases. The portfolio which included a mix of office flex and distribution facilities delivered stable income and experienced meaningful value appreciation over the holding period. This underscored Arcapita s disciplined investment strategy and its hands-on approach to asset management including tenant engagement leasing activity and operational efficiency. Brian Hebb Managing D...
Read More
Emsteel Group one of the region s largest publicly traded steel and building materials manufacturers today announced the launch of TrueGreen a strategic sustainability identity that unifies its decades of decarbonisation initiatives. This new identity establishes industry standards for transparency and accountability in sustainable steel production. The launch follows a series of recent milestones including becoming the first company in Mena to earn ResponsibleSteel certification and launching the world s first pilot of electric process gas heaters in the steelmaking industry. These achievements build upon a long-standing history at the forefront of industrial decarbonisation from its pioneering CCUS Project with Adnoc s Al Reyadah sourcing clean energy and launching the region s first hydrogen-based steelmaking pilot with Masdar. &...
Read More
Demand continues to surpass deliveries in the Abu Dhabi real estate market with the sector experiencing the strongest ever half year performance in the first half of this year says a new report. The Abu Dhabi Real Estate Centre (ADREC) the custodian and regulator of Abu Dhabi s real estate sector has released its inaugural Real Estate Market Report marking a new chapter in strengthening transparency trust and data driven decision making in the sector. The in-depth report highlights the strongest ever half year performance of the sector driven by population growth foreign investment and a transition to premium grade developments. Record transactions growth Based on the findings in the report the total value of real estate transactions in the first half of this year reached a record AED54 billion ( 14.7 billion) in ...
Read More
OCI Global global investment platform focused on long-term value creation through disciplined capital allocation and Orascom Construction a leading global engineering and construction contractor have announced that they are pursuing a potential merger. The combination would establish a scalable infrastructure and investment platform anchored in Abu Dhabi with global reach. According to a statement the combination would offer the following benefits: Complementary Strengths: The combination will bring together Orascom Construction s world-class execution capabilities supported by a 14 billion backlog deep industry expertise in infrastructure and multi-decade delivery of complex projects and concessions primarily in the United States the GCC Egypt Europe and select emerging markets and OCI s institutional investment platform transactional expertise and pr...
Read More
Ras Al Khaimah is set to take centre stage as the UAE reinforces its position as a magnet for global real estate investment with the inaugural International Real Estate Investment Summit (IREIS) scheduled for October 30 31 2025. The two-day event by Cityscape hosted at Al Hamra International Exhibition & Conference Centre in Ras Al Khaimah aims to provide an unprecedented platform to unlock high-value real estate opportunities by connecting investors developers and policymakers to offer insight into both regional growth and emerging global trends. Designed as a forum without borders the summit will spotlight the UAE s transformation and the wider evolution of global real estate markets from shifting capital flows in Europe and Asia to the rise of sustainable urban models in North America while also examining market trends investment strategies and innovations shaping the next era...
Read More
Mulk International the international business arm of UAE-based Mulk Holdings International and Marses today launched Mulk Marses Robotics a ground-breaking joint venture poised to redefine the global construction sector. This new entity is set to accelerate the shift from the traditional labour-intensive construction methods to an technologically advanced automated manufacturing model unlocking exponential value through unprecedented gains in speed cost-efficiency quality and environmental sustainability. With an aggressive roadmap that includes new factories in the UAE Europe and the USA Mulk Marses Robotics is not just entering the market; it s building the future. It is transforming construction into a highly efficient high-tech and scalable industry ready to meet the demands of a rapidly changing world the company said. This joint ...
Read More
Dubai real estate investors have been warned not to rely on forecasts of price corrections based solely on new supply data and anchor their decisions on much broader key market signals. In recent months rating agencies Fitch and Moody s as well as other real estate specialists have pointed towards price corrections of around 15% by the end of this year or in early 2026. In response Firas Al Msaddi CEO of fäm Properties one of Dubai s biggest real estate agencies said today forecasts based on the number of new units scheduled for delivery can be misleading without consideration of these key factors: Rising sales activity despite supply Resilient investor demand thanks to attractive yields Strong migration and population gr...
Read More
Ambitious government initiatives are fuelling robust expansion in the UAE s construction industry with output projected to grow to 130.8 billion by 2029 according to the 2025 UAE Construction Landscape Review from global property consultancy Knight Frank. The total value of construction output across the Emirates has been increasing steadily since the start of the decade. After construction output reached a record 107.2 billion in 2024 the latest forecasts show this solid growth trajectory continuing every year through to 2029 growing by 4% per annum. Construction dominates planned development across the UAE accounting for 62% of future pipeline projects ahead of transport (12%) power (7%) and water (5%). Within this construction pipeline mixed-use projects account for 42% followed by residential real estate (28%) data centres (9%) and hospitality projects (4%). st...
Read More
Despite challenges such as labour shortages rising material costs and long procurement lead times Saudi Arabia s construction sector is showing resilience and initiatives to localise supply chains upskill the workforce and encourage modern methods of construction are helping to build long-term capacity a report said. Saudi Arabia s construction sector is accelerating rapidly underpinned by giga-project investments economic diversification and the national ambition of Vision 2030 according to global professional services company Turner & Townsend. The firm s KSA Market Intelligence 2025 report analyses how the Kingdom is capitalising on a 1.7 trillion pipeline of real estate infrastructure and industrial developments while navigating associated delivery pressures and capacity constraints. Investing digital tools Digital delivery is also gaining...
Read More
Empire Energy and Kuehne Nagel have announced a partnership to deliver offshore wind projects. The partnership combines Empire Energy s offshore wind project delivery expertise with Kuehne Nagel s global logistics expertise offering an integrated solution that reduces complexity and risk while driving efficiency at every stage of the offshore wind lifecycle. The partnership aims to set a high standard for customers and the industry combining technical know-how scale and foresight to meet the unprecedented demand for offshore wind. Mike Milledge President of Empire Energy said: This partnership with Kuehne Nagel is about more than logistics and delivery it is about leadership. Offshore wind OEMs and developers want confidence that their most complex projects will be executed with certainty and vision. By uniting our offshore wind expertise with Kuehne Nagel&rsq...
Read More
QatarEnergy signed an agreement with Samsung C&T s Engineering & Construction Group (Samsung C&T) for the construction of a world-scale solar power plant in Dukhan about 80 kilometers west of Doha. The Dukhan solar power plant one of the largest in the world will be developed in two phases reaching a total electricity generation capacity of 2 000 megawatts (MW) by mid-2029. Once completed it will double Qatar s solar power production capacity contributing significantly to the country s renewable energy goals. The agreement was signed by Saad Al-Kaabi the Minister of State for Energy Affairs the President and CEO of QatarEnergy and Sechul Oh the President & CEO of Samsung C&T during a special ceremony held at QatarEnergy s Headquarters in Doha. The event was attended by Abdulla Al-Theyab the Presid...
Read More
The real estate and rental activities sector contributed 7.4 percent to GDP with value added reaching QR13.44 billion in the first quarter (Q1) of this year according to the Real Estate Regulatory Authority Aqarat. The sector registered a growth of 7 percent compared to the same quarter in last year said the authority in a X post a report in Peninsula newspaper said. Moreover the value of real estate activities in the first quarter of this year has grown by 20 percent since the first quarter of 2022. This is clear testament of the national efforts to attracting investments into the sector as part of the national diversification strategy. In a previous post it noted that Al Rayyan is the most prominent investment destination in first half of 2025 compared to the same period in the previous year. It also highlighted the record numbers in Al Gharrafa and increased ac...
Read More
Qatar Free Zones Authority (QFZ) and FedEx Logistics a subsidiary of FedEx Corporation have officially opened a new regional logistics facility at Ras Bufontas Free Zone marking a significant step in Qatar s emergence as a leading hub for global trade and supply chain operations. The inauguration was attended by Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani CEO of QFZ and Patrick Moebel President of FedEx Logistics alongside senior executives from both parties. The opening of the centre comes within the framework of the existing partnership between QFZ and FedEx Logistics and based on the agreement signed between them in 2024. Operated by FedEx Logistics Qatar QFZ the 1 249 sq m facility features integrated warehousing storage and office spaces. Plugged into the FedEx global network it will serve as a key gateway for freight forwarding and scheduling facilitating ...
Read More
Kuwait s Al Hamra Real Estate Company will hold the second edition of the Al Hamra Career Fair on September 17 and 18 connecting leading employers across the private and public sectors seasoned professionals and fresh graduates. The event will be held at the Al Hamra Shopping Center in collaboration with Zone the organiser of Watheefti Career Fair. Building on the success of its inaugural edition this annual platform reflects Al Hamra s role as a thriving business hub while creating meaningful opportunities for career development and professional networking. The fair comes as part of Al Hamra s development strategy reaffirming its role as a pioneer in supporting the community and national economy by empowering talent and fostering sustainable growth said a statement. The inaugural edition of the Al Hamra Career Fair welcomed more than 7 000 visitors...
Read More
The real estate market in Abu Dhabi is growing at an exponential rate with demand outgrowing supplies fast a top official told delegates at the International Real Estate Conference part of the International Real Estate Investment Show (IREIS) 2025 that is taking place at the Abu Dhabi National Exhibition Centre (ADNEC). The economic diversification is creating new jobs and opportunities in Abu Dhabi where the demand for quality residential units is way much higher than the pace of supply and developers need to invest in new homes Amer Al Ahbabi Chairman of Capstone Real Estate said. The higher demand is pushing the prices up that makes investment in real estate very profitable with premium growing fast. Properties are sold out at launch events as more and more investors are coming to Abu Dhabi to enjoy living in one of the safest places in the wor...
Read More
Saudi Arabia s bold measures to stabilise the real estate market including the amendment of the Idle Land Tax law providing subsidised land plots in Riyadh are expected to increase supply and price normalisation says an Alrajhi Capital research. The year 2025 so far has been an eventful year for the Saudi Arabia s real estate market. It all started with directives issued by the government late March setting up the stage for reforms within the sector. These directives include an increase in the supply of land in the North Riyadh (restricted 81.48 sq km) and to provide 10 000-40 000 land plots to Saudi nationals every year with a capped price of SAR1 500/sq m (RCRC launched a platform to accept applications on September 11 2025). Later in July the cabinet approved the foreign ownership law allowing non-Saudi nationals to own the propert...
Read More
Rasmal Ventures a Qatar-based leading venture capital fund with backing from the Qatar Investment Authority (QIA) has announced its investment in NEXX a Hong Kong and Qatar-based AI-driven logistics technology company. The announcement was made during the 10th Belt & Road Summit held in Hong Kong from September 10 11. The investment marks a strategic milestone for Rasmal Ventures the first Qatar-headquartered VC fund and reflects its mission to bring transformative global innovation into Qatar. As Rasmal Venture s first commitment to a Hong Kong tech startup the partnership highlights Qatar s emergence as a hub for cutting-edge technologies and high-growth ventures. It also aligns with Rasmal Venture s broader ambition to position Qatar as a platform for meaningful collaboration between Asia and the Middle East; anchoring innovation within the country while connecting it t...
Read More
Ras Al Khaimah s real estate market is witnessing a sustained growth in demand for residential properties with the emirate experiencing strong economic fundamentals and a solid fiscal position says a report. S&P Global is forecasting a 4.2% annual GDP growth through 2027 for Ras Al Khaimah. Inflation remains stable with a slight annual increase in the Consumer Price Index (CPI). Crucially FDI is also now gaining momentum with AED700 million attracted across six key projects in the first half of the year alone including a major adhesives facility by HB Fuller said CBRE Middle East a global leader in commercial real estate services in a research paper. RAKEZ the Ras Al Khaimah Economic Zone saw strong growth in H1 2025 adding 8 506 new companies a 43% year-on-year increase and was named the Fastest-Growing Economic Zone in the UAE in March 2025. RAK'...
Read More
pX the region s first AI-powered platform that aims to transform real estate decision-making in the region by bringing institutional-grade infrastructure was launched today in Dubai. Built to meet the growing demand for speed clarity and tailored insight pX moves beyond static dashboards to deliver actionable insights and decision-ready storylines the company said. The launch comes with the announcement of an exclusive partnership with REalyse the UK s leading real estate intelligence provider. Under the agreement pX becomes the sole platform in the GCC with access to REalyse s proprietary decision-making technology which currently powers institutions like CBRE Invesco and several branches of the UK government. Since quietly going live in August 2024 pX has been working behind the scenes to localise and deploy this technology to reflect the region&rsq...
Read More
Infracorp a leading developer and manager of social and sustainable infrastructure has signed a strategic agreement with Abr Al Mutawassit Contracting Co one of the region s most esteemed construction firms to execute the third phase of its ambitious residential project California Residences located in the heart of Dubai. The agreement was signed by Majed Al Khan Chief Executive Officer and Board Member of Infracorp and Wael Al Sahawneh Chief Financial Officer of Abr Al Mutawassit Contracting marking a new milestone in the development of this project. The third phase of California Village will include the development of 370 luxury residential units designed in line with the latest quality standards and contemporary designs that meet the needs of modern families. The third phase of the project known as California Residences is an extension of the remarkable success...
Read More
GFH Partners Manrre REIT (CEIC) managed by GFH Partners together with its development manager Palmon Group on Wednesday marked the start of construction of a new state-of-the-art logistics facility in North Jafza. The groundbreaking ceremony was attended by Abdulla Bin Damithan CEO & Managing Director of DP World GCC alongside senior officials and dignitaries underscoring the project s strategic importance to Dubai s logistics and industrial landscape. The development is set on a 214 000 sq ft plot and will introduce one of the UAE s first high-bay temperature-controlled warehouses establishing a new benchmark for Grade A logistics assets in the region. Built to international specifications the facility is designed for efficiency scalability and tenant convenience directly addressing the rising demand for premium logistics space across high-growth sectors said the company. ...
Read More
Bahrain registered a total of 13 452 real estate transactions in H1 2025 marking a 16.4% increase as compared to H1 2024 said a report. Transaction values increased by 3.9% in the first quarter of 2025 compared to the same period in 2024 amounting to a total of BHD775.2 million ( 2056.34 million) said CBRE s Bahrain Real Estate Market Review H1 2025. Average actual apartment sale rates experienced a decrease of 2% in H1 2025 compared to H2 2024 and villa sales rates also fell by 2.3% following a period of marginal increases. While quoted apartment rents saw a marginal increase of 1.0% for the first time following a period of consistent declines the trend of marginal yet consistent decline continued for villas with average quoted rated falling by 1.0%. Average occupancy across CBRE s set of 21 tracked retail centres (Super Regional to Regional Category) decreas...
Read More
UAE-based Al Futtaim Contracting has announced that it has signed an exclusive partnership deal with global vertical transportation giant Hyundai Elevator to deliver next-generation elevator and escalator technologies to the Kingdom of Saudi Arabia. Under the terms of the exclusive dealership Al-Futtaim Contracting will serve as the sole distributor for the supply installation and maintenance of its full suite of vertical transportation (VT) solutions in Saudi Arabia said the company in a statement. This will encompass all VT products including machine-room-less (MRL) elevators escalators moving walks high-speed and ultra-high-speed elevators supporting the Kingdom s ambitious urban and infrastructure initiatives. Al-Futtaim Contracting a fully integrated end-to-end specialist division of Al Futtaim Real Estate operating across the UAE Saudi Arabia Qatar and Egy...
Read More
SustainInsight an AI-powered platform designed to help construction companies track analyse and report their full sustainability performance has launched in the UAE with an AI-powered platform that gives construction and real estate firms a comprehensive real-time view of their sustainability performance far beyond carbon accounting. Its launch comes at a critical time as new climate regulations and stricter ESG disclosure requirements increase pressure on companies to demonstrate verifiable credentials. SustainInsight recently conducted a successful pilot scheme with the UAE Ministry of Energy and Infrastructure in Ajman and is already supporting major entities including Damac Properties and Expo City Dubai in their sustainability journey. Branded as the Bloomberg of sustainability SustainInsight acts as a sustainability intelligence hub by consolidating a...
Read More
SICO Capital a leading provider of asset management brokerage and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority has appointed Maan AlDerazi as its new Head of Real Estate Investments. AlDerazi brings over 20 years of extensive industry experience to the role having concluded several billion dollars in cross-border commercial real estate investments and having held positions at prominent firms such as Meraas Holding and Istithmar. We are delighted to welcome Maan to the SICO Capital team said Wissam Haddad CEO of SICO Capital. His deep knowledge of the real estate sector and proven track record will be invaluable as we continue to expand our offerings and deliver exceptional value to our clients. Maan AlDerazi said: I am honoured to join SICO Capital a firm distinguished for its strong track record...
Read More
The UAE real estate witnessed sustained market growth owing to strong demand and proactive government initiatives said leading industry expert Colliers. The Abu Dhabi market is well-positioned for continued growth with increased developer activity while Dubai is experiencing unprecedented growth with multiple developments in progress stated Colliers in its Q2 2025 real estate report which provides key insights into market activity supply demand and price movements across Abu Dhabi Dubai Al Ain and Northern Emirates. On Abu Dhabi residential and office market Colliers said the emirate s real estate market is demonstrating its most robust performance since 2009. In Q2 2025 approximately 3 250 residential units were delivered with nearly 2 150 additional residential units anticipated to be handed over by year-end primarily in Investment Zones such as Yas Island Masdar City Saadiyat Island and...
Read More
7X a trade transport and logistics holding group has launched its new national network for logistics (NXN) coinciding with the 28th Universal Postal Congress Dubai 2025. The event is being hosted by the UAE and organised by 7X in collaboration with the Universal Postal Union (UPU). NXN will serve as a new benchmark in the postal parcel and logistics services bringing together local and international service providers to offer their services through the NXN network. Built on a hybrid physical-digital infrastructure the NXN provides individuals businesses and the eCommerce sector with a seamless unified experience for sending receiving storing parcels and fulfilling shipments. NXN s launch is in line with 7X s strategic vision to create digital solutions that empower the business community and reinforce the UAE s position as a global hub for trad...
Read More
7X the trade transport and logistics holding group today (September 7) officially launched its new national network for logistics (NXN) coinciding with the 28th Universal Postal Congress Dubai 2025 which is being hosted by the UAE and organised by 7X in collaboration with the Universal Postal Union (UPU). NXN will serve as a new benchmark in the postal parcel and logistics services bringing together local and international service providers to offer their services through the NXN network. Built on a hybrid physical-digital infrastructure the NXN provides individuals businesses and the eCommerce sector with a seamless unified experience for sending receiving storing parcels and fulfilling shipments. NXN s launch is in line with 7X s strategic vision to create digital solutions that empower the business community and reinforce the UA...
Read More
DP World has entered into a strategic partnership with Atlantis Dubai Resorts to manage the logistics operations that power two of the UAE s most iconic luxury destinations: Atlantis The Palm and Atlantis The Royal. Under the agreement DP World will oversee daily on-demand deliveries of perishables dry goods and speciality items managing nearly 7 000 pallets through its advanced logistics network. The tailored solution includes temperature-controlled facilities cutting-edge inventory management and real-time cargo tracking ensuring end-to-end visibility and reliability across the supply chain. The partnership addresses the highly dynamic needs of Atlantis Dubai which operates a vast and multi-layered supply chain encompassing over 60 000 unique products sourced from nearly 70 countries said DP World in a statement. From g...
Read More
Adnoc Logistics and Services plc (Adnoc L&S / the Company) a global energy maritime logistics company today announced the successful completion of a 317 million institutional placement of approximately 222 million shares representing 3% of its total share capital by Adnoc Group. The placement was approximately seven times oversubscribed one of the highest levels recorded for a regional secondary offering underscoring strong investor confidence in Adnoc L&S s strategic direction financial resilience and long-term growth outlook. The transaction increases Adnoc L&S s free float from 19% to 22% significantly enhancing liquidity broadening access to a wider institutional investor base and reinforcing the Company s visibility on the Abu Dhabi Securities Exchange (ADX). The expanded shareholder base positions Adnoc L&S for potential inclusion...
Read More
Leading global investors developers policymakers and thought leaders will be in capital Doha this October to take part in Cityscape Qatar 2025 a major real estate industry event in the region. To be held from October 14 to 16 at the Doha Exhibition & Convention Center the event will be co-located with INDEX and Big 5 cementing the exhibition as the ultimate one-stop destination for real estate construction and design professionals said organisers Informa Tharawat. The combined event will span over 15 000 sq m and feature more than 70 exhibitors across residential commercial industrial hospitality and logistics sectors. Leading developers on display include Diamond Sponsor Qetaifan Projects Qatari Diar Barwa Real Estate Tameer and UDC. Under the strategic theme Shaping the Future of Real Estate this year&...
Read More
Toll Group a global logistics leader and the majority owner of the CWT-SML Logistics has broken ground on the company s 25 000-sq-m distribution centre at Dubai South the largest single-urban master development focusing on aviation logistics and real estate. Located within the Logistics District at Dubai South the key facility will feature a warehouse mezzanine and offices with capacity for 30 644 pallets said the statement from Toll Group. It will also house a general palletised cargo area with four separate chambers that can be customised to meet customer requirements prior to the warehouse s full setup. In addition the facility will include temperature-controlled chambers with VNA racking and is being constructed to meet LEED Silver Certification standards reflecting sustainable practices in both process and materials said the statement. ...
Read More
Riyad Capital the leading Saudi IB Advisor and a leading asset manager within Saudi Arabia and the GCC region has announced the successful issuance of a SAR500 million ( 133 million) Saudi Riyal denominated sukuk for Sumou Global Investment Company a first of its kind for the Saudi Real Estate sector. Sumou priced SAR 500 million in senior secured Sukuk with a 3-year maturity and a coupon of 8.50% payable on a quarterly basis. This landmark transaction marks the company s debut into the debt capital markets a strategic move towards diversifying its funding sources and securing capital for long-term growth. The transaction was notably upsized from an initial issue size of SAR 300 million due to significant demand with initial subscription multiples of almost two times the offer size from both retail and institutional investors. This robust demand represents a clear endorsement of Sumou s credit story...
Read More
Emsteel one of the largest publicly traded steel and building materials manufacturers in the region has delivered hydrogen-based rebar for the construction of Abu Dhabi s first net-zero carbon mosque in Sustainable City Yas Island. This marks a regional first as Aldar becomes the inaugural developer in the MENA region to use low-emissions hydrogen-based steel. The rebar produced using hydrogen from Emsteel s ground-breaking green hydrogen pilot project developed in partnership with Masdar last year plays a critical role in enabling the mosque to achieve LEED Zero Carbon certification - a pioneering milestone in sustainable architecture for the capital. Engineer Saeed Ghumran Al Remeithi Group Chief Executive Officer Emsteel said: This landmark delivery reinforces Emsteel s commitment to driving industrial sustainability and accel...
Read More
Kuwait s recent landmark reforms in its real estate sector - especially with regard to industrial projects where foreign investors have been permitted to obtain up to 100% ownership - is likely to drive the property prices to a new high reported Arab Times citing an industry expert. The government which controls over 90% of the country s land has historically restricted foreign investment to protect local ownership. However new measures now allow investors to acquire land more easily through corporate investment funds and portfolios with provisions enabling up to 100 percent ownership in industrial projects under certain conditions stated the report. The government s easing of investment restrictions marks a significant shift in Kuwait s real estate landscape balancing efforts to encourage foreign investment while addressing the ...
Read More
Amanat Holdings a leading healthcare and education listed investment company has completed the sale of its education real estate asset for AED453 million ( 123.35 million). Delivering an unlevered cash-on-cash multiple of 1.7x and an internal rate of return of 10% the transaction will generate a net cash return of AED294 million underscoring the strength of Amanat s investment strategy the company said. The asset comprises the real estate of North London Collegiate School acquired by Amanat in June 2018 for AED360 million with Amanat subsequently funding a capital expansion of AED33 million increasing Amanat s total investment in the asset to AED393 million. This successful exit is a clear demonstration of Amanat s identify grow monetise strategy which focuses on investing in high-potential assets accelerating their growth and monetizing t...
Read More
The Saudi Central Bank (SAMA) has granted the Saudi Real Estate Refinance Company a no-objection clearance to launch residential mortgage-backed securities (RMBS) in the domestic market. According to a press release issued by SAMA this programme is designed to strengthen the sector s financing capacity by transforming residential real estate financing portfolios into securities. This will contribute to establishing a robust securitisation issuance framework reinforcing the domestic debt market broadening the investor base and diversifying funding sources. In line with the objectives of Saudi Vision 2030 this step supports SAMA s mandate in fostering financial sector stability through its regulatory and supervisory role it said according to a Saudi Press Agency report. ...
Read More
DP World has signed a memorandum of understanding with Itochu Corporation one of Japan s largest trading companies to expand logistics supply chain infrastructure and distribution capabilities in sub-Saharan Africa. The agreement was signed during the Tokyo International Conference on African Development (TICAD9) held in Yokohama Japan by Beat Simon Group Chief Operating Officer Logistics at DP World and senior executives from Itochu Corporation said a Wam news agency report. Under the MoU both companies will explore opportunities to enhance connectivity and market access across Africa supporting Japanese businesses seeking to establish or grow their presence on the continent. Initial discussions are focused on fleet and logistics operations supply chain optimisation and the distribution of commodities and food products. DP World...
Read More
Dubai Municipality and Dubai Courts have signed a co-operation agreement to establish the Citizens Home Construction Dispute Resolution Center at Al Manara Center which is affiliated with Dubai Municipality. As per the deal Dubai Municipality will provide technical and logistical support to ensure smooth operations including engineering expertise to assist judicial services and reduce litigation timelines. Dubai Courts will establish and operate the centre according to the highest judicial and administrative standards ensuring efficient dispute resolution and the adoption of innovative solutions that enhance citizen satisfaction. The agreement is aimed at strengthening the legal and regulatory framework for housing projects while delivering integrated government services that enhance quality of life and address citizens needs with speed and efficiency. ...
Read More
The GCC real estate sector witnessed robust activity during the first half of the year underlining the resilience of the industry mainly supported by sales activity rising property values and investor demand across residential commercial and hospitality segments according to Kuwait Financial Centre (Markaz). In its latest real estate market outlook Markaz offers a comprehensive review of market performance across Kuwait Saudi Arabia and UAE for the first half along with forward-looking insights for H2 2025. With macroeconomic indicators showing signs of continued recovery Markaz expects real estate markets in Kuwait Saudi Arabia and the UAE to maintain upward momentum through the second half of 2025. Lower interest rates fiscal support and sustained government investment in economic diversification are anticipated to drive growth and market confidence it st...
Read More
The Etihad Rail network will transform the UAE s economic landscape by boosting connectivity reducing travel times and driving genuine demand in emerging markets says a UAE property expert. Etihad Rail benefits will extend far beyond real estate creating new corridors for living trade and investment across the Emirates said Firas Al Msaddi CEO of fäm Properties. When we saw Sheikh Mohammed riding the Etihad Rail from Dubai to Fujairah that wasn t just a symbolic moment - that was the announcement of a new real estate era in the UAE said Al Msaddi. It represented a once-in-a-generation infrastructure shift that will redefine how value is created captured and capitalised across the Emirates he said. We re not just talking about transportation. We re talking about speed interconnectivity and productivity and how all of ...
Read More
The real estate transactions in Bahrain surged to BD775.2 million ( 2.04 billion) during the first half from BD745.8 million last year reported BNA citing a senior official. This marks an increase from 5 099 transactions compared to last year s figure of 5 005 transactions. As per official data there was a 20.75% jump in the value of property transactions by non-Bahrainis compared to a 4.39% increase among Bahrainis said Survey and Land Registration Bureau (SLRB) president Bassem Al Hamer. The highest single-day transaction value in this period was recorded on April 21 reaching BD53.6 million he stated underscoring the continued growth of Bahrain s real estate market. By governorate the Capital Governorate led with BD265.4 million in transactions and a 32.84% growth rate followed by Muharraq Governorate with B...
Read More
The Saudi Real Estate Refinance Company (SRC) a PIF company has announced that it has signed a real estate finance portfolio purchase agreement with Bank Albilad. This strategic step reinforces the ongoing partnership between the two entities and reflects their shared commitment to supporting the growth of the Kingdom s residential real estate finance market said SRC in a statement. The agreement forms part of a broader series of future initiatives aimed at deepening collaboration between SRC and the bank over the coming year in support of the development of the housing and financial sectors. It was signed in the presence of Majid bin Abdullah Al Hogail the Saudi Minister of Municipalities and Housing and Chairman of SRC alongside Nasser bin Mohammed Al Subaie the Chairman of Bank Albilad. This agreement builds on the existing partnership between t...
Read More
The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced that it has signed a real estate finance portfolio purchase agreement with Bank Albilad.
The Saudi Real Estate Refinance Company (SRC) a PIF company has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of Majid bin Abdullah Al-Hogail the Minister of Municipalities and Housing and Chairman of SRC alongside Nasser bin Mohammed Al-Subaie Chairman of Bank Albilad. This strategic step reinforces the ongoing partnership between the two entities and reflects their shared commitment to supporting the growth of the kingdom s residential real estate finance market. The agreement forms part of a broader series of future initiatives aimed at deepening collaboration between SRC and the bank over the coming year in support of the development of the housing and financial sectors. It aligns with Saudi Vision 2030 objectives to enhance financial sustainability and stimulate economic growth. SRC CEO Majeed bi...
Read More
GWC a provider of logistics and supply chain solutions in Qatar and Qatar Airways have signed a five-year service agreement renewing their partnership. GWC has been the logistics service provider for Qatar Airways and its affiliates including MATAR and Qatar Duty Free. The agreement will continue to provide integrated logistics services including import/export handling customs clearance warehousing and distribution inventory management and document storage. Sheikh Abdulla Bin Fahad Bin Jassim Bin Jabor Al Thani GWC Group Managing Director said: This renewed agreement with Qatar Airways reflects the strength of Qatar national institutions working together to achieve excellence on a global stage. At GWC we are proud to support the operations of the World s Best Airline with world-class logistics solutions rooted in innovation efficiency and reliability. Our long-standing partnership with Q...
Read More
Abu Dhabi-based Modon Holding a leader in real estate hospitality asset and investment management and tourism has delivered an outstanding AED2.1 billion ( 571.82 million) H1 2025 net profit with continued momentum across its core segments. Modon Holding an Abu Dhabi-based leader in real estate hospitality asset and investment management and tourism delivered exceptional performance in the first half of 2025 with revenue and profitability significantly increasing year-on-year excluding last year s one-off items. The results were driven by solid contributions across all four core segments underpinned by the successful integration of recent acquisitions and execution of strategic investments the company said. Real estate revenue led Modon s growth which was further strengthened by stronger recurring revenue from improved operations across the Asset M...
Read More
As UAE continues to implement its key urban agenda its residential real estate sector is poised to register steady and sustained growth over the coming years according to Arabian Gulf Properties a key real estate developer. The value of residential real estate transactions is projected to witness a compound annual growth rate (CAGR) of 2.66% over the next four years stated the developer in its report. This trajectory reflects a robust outlook for the UAE s property market buoyed by growing investor confidence strong policy support and the nation s continued appeal as a hub for economic opportunity and lifestyle excellence it added. Arabian Gulf Properties under the leadership of Chairman Badar Rashid Alblooshi views this trend as a clear signal of the market s resilience and evolution. The company continues to advoc...
Read More
PlanRadar a global leader in digital documentation communication and reporting for the construction and real estate sectors has released an in-depth eBook tackling one of the industry s most costly yet overlooked challenges - information loss in construction. Titled Information Loss in Construction: How to Identify and Eliminate Hidden Costs the eBook explores how disconnected teams scattered tools and outdated reporting methods continue to disrupt timelines drain profitability and undermine collaboration on even the most high-profile projects. The publication arrives as construction professionals across the globe face increasing pressure to deliver projects faster safer and with tighter margins amid growing risks related to data integrity rework and regulatory compliance said the statement from PlanRadar. A trillion-dollar problem no...
Read More
Saudi Electricity Company has clocked a major milestone at the 1 200MW Rabigh Combined Cycle Power Plant located in the kingdom s Western region with its Unit 41 officially achieving the First Fire a defining step in 1 200 MW of reliable power closer to the grid. The plant which has been developed by a consortium of Egyptian group Elsewedy Electric Power Systems and Siemens Energy comes in line with SEC s objectives of developing and growing its generation fleet capabilities addressing SPPC the Principal Buyer requirements. Following this milestone the Elsewedy-Siemens Energy consortium said this confirms the readiness of all major systems for Unit 41. The gas turbine generator air intake exhaust gas system (Bypass stack and diverter damper) and auxilliary systems - including closed cooling water service water compressed air fuel g...
Read More
ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a Public Investment Fund (PIF) company has signed several agreements with leading Singaporean organizations as part of its ROSHNEXT innovation program. These agreements signed with AI Singapore and Action Community for Entrepreneurship (ACE.SG) are aimed at promoting the transfer of ideas with a focus on leveraging both entrepreneurship and technology to innovate in the real estate sector. Designed to accelerate the pace of real estate development in the kingdom to match the aspirations of Saudi Vision 2030 ROSHNEXT s innovation program is facilitating partnerships with leading entrepreneurial and technology organizations. The agreement with Singapore s ACE.SG establishes a strategic platform to build country-level innovation partnerships. T...
Read More
Nesma & Partners a leading integrated projects solutions company in Saudi Arabia has announced the successful completion of its acquisition of Al Yusr Industrial Contracting Company (AYTB) a prominent provider of industrial services in the kingdom. This strategic investment positions Nesma & Partners as the leading integrated industrial services platform enhancing its capabilities across the energy infrastructure and industrial sectors in alignment with Saudi Arabia s Vision 2030 development objectives said the company in a statement. Under the deal AYTB will continue to operate as an independent company within the Nesma & Partners group preserving its organisational structure brand and operational autonomy. This acquisition enhances both companies capacity to deliver high-value project solutions across the whole asset lifecycle - from...
Read More
HH Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai has issued a new law regulating contracting activities in the emirate. The law which represents a significant step forward in strengthening the legal and governance framework of the emirate s contracting sector supports Dubai s vision to advance the development of vital industries in line with global best practices reported Wam . The new law sets out a unified regulatory framework for contractor classification oversight transparency and accountability supporting Dubai s goals for sustainable growth. It also aligns with the emirate s building codes planning regulations and long-term development strategy it stated. The new law applies to all contractors operating in Dubai including those based...
Read More
In a landmark move aimed at bridging traditional real estate with emerging opportunities in infrastructure Charles Group one of India s fastest-growing diversified conglomerates has signed a 1 billion strategic agreement with the US-based Patel Family Office during the Global Wealth Conference 2025 hosted by the Sovereign Wealth Fund Institute (SWFI) at London s historic Mansion House. As per the deal the firms will co-develop a digital investment platform focused on real estate and infrastructure assets across UK GCC India and the SAARC region with long-term plans to scale globally and explore strategic business investment opportunities in this space. Charles Group said the technology infrastructure will be provided by a US-based company. The MoU was formally exchanged in the Egyptian Hall witnessed by more than 40 global asset allocators including ove...
Read More
Savoye a leading one-stop-shop integrator of automated warehouse solutions and software publisher in the Middle East has successfully deployed its ODATiO Warehouse Management System (WMS) at CJ Logistics fulfilment centre for iHerb located in the Riyadh Integrated zone that is developed and operated by Special Integrated Logistics Zone (SILZ) Company in Riyadh Saudi Arabia. This successful completion marks a significant achievement as the first WMS implementation within a SILZ facility a critical initiative under Saudi Vision 2030 designed to position the Kingdom as a leading global integrated logistics hub and to bolster the Middle East s rapidly growing logistics and e-commerce sectors. This implementation reflects the strong alliance between Savoye CJ Logistics and SILZ Company - each playing a strategic role in delivering a smart scalable and high-throughput logistics operation in the he...
Read More
Growth in Saudi Arabia s construction activity shows no signs of slowing with the construction output value for the construction transport power oil & gas industrial water and chemical sectors reaching 148 billion in the first half of 2024 up 4.6% compared to the same period the previous year according to global property consultancy Knight Frank. Knight Frank s analysis shows that the Saudi construction sector has been growing year-on-year since 2020 and forecasts this upward trajectory will continue hitting 191 billion in 2029. This phenomenal level of development is being driven by the government s Vision 2030 strategy to position the kingdom as a global hub for tourism commerce and trade stated Knight Frank in its latest Saudi Arabia Construction Landscape Review. This transformation aims to deliver over 1 million homes more than 362 000 hotel...
Read More
Unique Properties one of the UAE s most prominent real estate agencies has announced a landmark joint venture with AIR (AI Realtor) an AI-native proptech innovator. As part of the agreement Unique Properties will invest 20 million into AIR over the next two years to fuel the development and deployment of next-generation technologies in the real estate space. The partnership marks a bold leap forward for the region s property sector blending years of market leadership with cutting-edge artificial intelligence to reshape how real estate is bought sold and experienced. Unique Properties said this strategic alliance comes as the UAE cements its position as a global leader in real estate innovation. Progressive government policies and a world-class digital ecosystem have created ideal conditions for meaningful disruption ...
Read More
Abu Dhabi Airports has announced a strategic joint venture with Jingdong Property (JDP) the infrastructure arm of global e-commerce leader JD to develop and operate advanced logistics facilities within the Abu Dhabi Airports Free Zone. The strategic partnership will see the construction of two state-of-the-art warehouses bonded and non-bonded spanning a total gross floor area of over 70 000 sqm at the ADAFZ Logistics Park marking JDP s first development project in the UAE. The infrastructure investment is set to enhance cross-border e-commerce capabilities and strengthen e-commerce and specialised cargo logistics throughout the GCC and broader Mena region it stated. Elena Sorlini the Managing Director and Chief Executive Officer at Abu Dhabi Airports said: This joint venture aligns seamlessly with Abu Dhabi s vision of becoming a global trade and logis...
Read More
COBOD International in collaboration with the Technische Universität Braunschweig has introduced the first commercially available multifunctional construction robot. Built on COBOD s 3D construction printing technology the jointly developed system by COBOD and Institute for Structural Design (ITE) integrates a telescopic vertical extension unit with a robotic arm that enables the Shotcrete 3D Printing Process (SC3DP). Shotcrete is used to construct complex concrete structures like tunnels swimming pools retaining walls and to reinforce concrete structures. However the telescopic tool is not limited to shotcrete applications multiple other tools can also be mounted onto the vertical telescopic unit. The vertical telescopic unit is mounted between two X-axes on a COBOD BOD2 3D construction printer. Multifunct...
Read More
In a major move South Korean conglomerate HD Hyundai has merged its construction entities - HD Hyundai Construction Equipment and HD Hyundai Infracore - to form a new entity HD Construction Equipment with a consolidated revenue of KRW 8 trillion ( 6.15 billion). A major player in the Middle East region HD Hyundai is engaged in shipbuilding heavy equipment machinery and the petroleum industry. The decision to merge was made during separate board meetings held by both companies yesterday (July 1). An extraordinary shareholders meeting will follow which is scheduled for September 16 along with necessary regulatory reviews said the statement from HD Hyundai. The merger effective January 1 2026 aims to enhance agility in responding to market demands amid intensifying competition and global uncertainties while strengthening future technological capabilities and ensuring...
Read More
Leading UAE developer Aldar has annoucned that it has acquired quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million ( 144 million). The assets which are located at the 6-million-sq-m Almarkaz Industrial Park a flagship industrial and business park development add 182 500 sqm of net leasable area (NLA) to Aldar Investment s income-generating logistics portfolio. The Almarkaz Industrial Park developed by Waha Land a wholly-owned subsidiary of Waha Capital enjoys special economic zone status. With further development potential at Al Markaz the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. It benefits from quality infrastructure and the growing demand for logistics space driven by increasing intra-region...
Read More
Fuelled by the National Industrial Development and Logistics Program (NIDLP) under Vision 2030 Saudi Arabia s logistics and warehousing sector is rapidly expanding driven by a booming e-commerce market and increasing demand for Grade A warehousing according to leading real estate expert JLL. A key component of Vision 2030 the NIDLP aims to boost the logistics sector s GDP contribution from 6% to 10% by 2030 and localise 70% of the supply chain it stated. In the JLL report titled Emerging Trends Shaping Saudi Arabia s Logistics and Warehousing Market it unveils the key factors driving this growth along with the challenges and opportunities in powering the Kingdom s ambition to become a global logistics hub. It also highlights significant interest and investment from both domestic and international institutional players recog...
Read More
UCC Holding in partnership with Qatar s public works authority Ashghal has officially started work on the printing phase of the 3D Printed Schools Project thus marking the launch of the world s largest construction development using 3D printing technology. The project involves the construction of 14 public schools including two built using 3D printing technology each with a built-up area of 20 000 sqm - totaling 40 000 sq m. This is 40 times larger than the largest 3D-printed building constructed anywhere in the world to date said UCC Holding in its statement. The two schools are designed as two-storey buildings on 100 by 100 m plots each making this project an unprecedented model for future-ready educational infrastructure in Qatar and across the region it stated. For this mega project UCC Holding commissioned Cobod the world leader in 3D construction printing ...
Read More
Swisslog a global leader in automated logistics solutions has announced that it has sealed a key partnership deal with leading retail operator Chalhoub Group for the development of its new state-of-the-art logistics hub for fashion and beauty products in Riyadh. Located in the SILZ Free Trade Zone near the international airport the facility will strengthen Saudi Arabia s logistics infrastructure support the country s growing role in global trade and cater to the rising demand for e-commerce and luxury goods across the region. AutoStore solution with SynQ software for fashion and beauty Swisslog was selected for its ability to deliver advanced automation solutions tailored to the evolving needs of the logistics sector. The hub will incorporate Swisslog s AutoStore system featuring 67 000 bins 42 robots and fully integrated inbound and outbound p...
Read More
Dubai Metro s Blue Line is having a profound positive impact on the emirate s real estate market reshaping the real estate investments map and writing a new chapter in the city s real estate boom said a leading Dubai-based real estate brokerage W Capital. In an in-depth analysis of the project W Capital stated that the new Blue Line was in the heart of the Dubai Urban Plan 2040 framework which aims to enhance urban sustainability improve quality of life and support transportation infrastructure. This will directly impact vital economic sectors most notably the real estate sector it stated. The project will cover areas of high strategic importance including Al Warqaa Mirdif and Dubai Academic City and will reach Jebel Ali Port via Dubai International Airport. This extensive coverage will contribute to connecting new resid...
Read More
Almal Real Estate Development celebrated the official inauguration of The Unexpected Ibiza Hotel the first destination under the bold new Unexpected Hotels & Residences brand. The reimagined Ibiza hotel marks the beginning of an ambitious international journey one that Almal Real Estate Development is spearheading in the Middle East region with its flagship development: The Unexpected Al Marjan Island Hotel & Residences set to open its door in 2027 on Al Marjan island Ras Al Khaimah. The Unexpected Al Marjan Island Hotel & Residencies will feature 422 exclusive hotel and residential units all offering high energy experiences unexpected entertainment vibrant day-to-night life. Located just steps from the Wynn resort guests will enjoy panoramic views of both the Wynn resort and the serene sea. The destination will offer standout amenities including an...
Read More
Dubai Land Department (DLD) has announced that its second tokenised project on the Prypco Mint platform was fully funded in a record-breaking one minute and 58 seconds attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10 700 investors reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate said DLD in a statement. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms Prypco Mint is setting new standards for market accessibility. As the platform expands its projects and partnerships it is helping to shape a future where tokenised assets are expected to become a central part of Dubai s property market by 2033 it stated. Amid this momentum DLD has called upon interest...
Read More
Dutco and Sweid & Sweid have announced the launch of Terralogix Dubai s largest privately-owned logistics park in a move that reinforces Dubai s ambitions to become one of the world s top five Grade-A logistics hubs. Located in Warsan Northern Dubai the 3.3 million sq ft development is designed to serve as a critical node in Dubai s supply chain infrastructure a statement said. Maher Sweid Founder and Managing Partner of Sweid & Sweid commented: Terralogix will be developed by Dutco and Sweid & Sweid two UAE-based firms with strong heritage and established track records. The Dutco Group brings decades of expertise across many sectors including construction hospitality real estate and oil and gas while Sweid & Sweid is known for developing high quality institutional-grade real estate assets. Together we will be delivering Terralogix as a lan...
Read More
Emirates Stallions Group a leading conglomerate with operations spanning from workforce solutions real estate development design and interiors manufacturing to agriculture and landscaping and a subsidiary of International Holding Company announced today the launch of Royal Development Holding a visionary boutique real estate developer aiming to evolve spaces and elevate lives. As part of its launch Royal Development Holding unifies a group of specialized real estate development entities including Royal Development Company (RDC) and Royal Architect Project Management (RAPM) while paving the way for the introduction of new companies that will further strengthen its market presence and capabilities said Emirates Stallions Group in a statement. Building on Royal Development Company s 15-year legacy of trust excellence and innovation the launch of Royal Development Holding marks a new era for the Group...
Read More
Four Winds Saudi Arabia Limited a leader in comprehensive and integrated moving and logistics services since 1979 is showcasing its cutting-edge logistics solutions at the Saudi Warehousing & Logistics Expo 2025. The expo is being held in Riyadh from May 27 to 29. As Saudi Arabia solidifies its status as a global logistics hub this event offers a platform for industry professionals to explore strategies that boost efficiency expand networks and improve operations especially as the sector is expected to handle 1.7 billion tons of cargo by 2030. The company has reiterated its commitment to enhancing the efficiency of logistics and shipping services in the kingdom and contributing to the realisation of Vision 2030. Nizar Al Mani CEO of Four Winds Saudi Arabia Limited said: The Saudi Warehousing & Logistics Expo is the largest commercial event in Saudi...
Read More
Dubai Land Department (DLD) has announced the launch of the Mena region s first tokenised real estate investment project through the Prypco Mint platform. The initiative is being implemented in partnership with Prypco in collaboration with the Virtual Assets Regulatory Authority (VARA) the Central Bank of the UAE and the Dubai Future Foundation (DFF) through the Real Estate Sandbox. Zand Digital Bank has been appointed as the banking partner for the project s pilot phase positioning Dubai as the first city in the Mena region to adopt a licensed platform for real estate tokenization. DLD has officially launched the pilot phase of investment in tokenized real estate marking the activation of the digital platform mint.prypco.com. The platform enables users to generate returns and own a share in a prime real estate project in Dubai. ...
Read More
ROSHN Group Saudi Arabia s leading multi-asset real estate developer and a PIF company has launched the ROSHNEXT the Group s innovation arm. The program is designed to develop human-centric experiences that accelerate growth enhance collaboration and establish new standards within the real estate sector. ROSHNEXT will drive innovation by fostering partnerships adopting cutting-edge technologies and fast-tracking the transformation of new ideas into impactful real-world solutions reinforcing the Group s vision to lead meaningful innovation and transformation within the real estate industry. The launch of ROSHNEXT reaffirms the Saudi group s commitment to innovation as a core strategic pillar. The Group has recently introduced several pioneering initiatives including the interactive ROSHN Group s Mobility Exp...
Read More
Leading Egyptian developer Talaat Moustafa Group Holding (TMG Holding) said it has entered into an agreement with Oman s Ministry of Housing and Urban Planning to develop two large-scale projects in the sultanate at an investment of RO1.8 billion ( 4.7 billion). The agreement marks TMG Holding s first venture into Oman and aligns with the company s regional expansion strategy focused on developing integrated smart cities across the Middle East. Announcing the key projects TMG Holding said the first one will cover 2.7 million sq m in Sultan Haitham City west of Muscat. Strategically located near Muscat International Airport the mixed-use development will include villas apartment buildings a 190 000 sqm social and sports club and 140 000 sqm of commercial and service areas. The second development will span 2.2 million sq m in A...
Read More
DP World will invest 2.5 billion this year to expand its global logistics network launching major infrastructure projects across India Africa South America and Europe in response to rising demand for resilient integrated supply chain solutions. The four major developments across four continents extend DP World s end-to-end capabilities significantly expanding capacity in its network of global ports and reinforcing its position as a key enabler of global trade said DP World in a statement. Construction is underway on a new 510 million terminal at Tuna Tekra in Gujarat on India s northwestern coast. Featuring a 1.1 km berth and annual capacity of 2.19 million TEU the terminal will connect India s vast hinterland to global markets through a network of roads and railways enabling faster more efficient trade access for Indian businesses. ...
Read More
AD Ports Group and Burjeel Holdings have officially launched their healthcare logistics joint venture (JV) Docktour during Make it in the Emirates forum now underway in Abu Dhabi. The platform was unveiled at the Burjeel Holdings booth in the presence of Dr Sultan Ahmed Al Jaber UAE Minister of Industry and Advanced Technology; Captain Mohamed Juma Al Shamisi Managing Director and Group CEO of AD Ports Group; and Dr Shamsheer Vayalil Founder and Chairman of Burjeel Holdings. Docktour marks a bold expansion in healthcare logistics aiming at redefining how medical services and infrastructure are delivered to communities across Africa. It will serve as a comprehensive supply chain platform integrating logistics modular infrastructure training and emergency response into a single unified ecosystem said a statement. Docktour will supplement Burjeel Holding...
Read More
Gulf construction firms are at a pivotal moment driven by the scale speed and complexity of growth across the region. As the Gulf races to deliver over 1.5 trillion in transformative projects firms are being called on to build faster smarter and more sustainably than ever before. A new white paper from Versatile International Construction in 2025: Paving the Way to 2030 and Beyond offers a strategic roadmap for the future - defining four clear priorities that construction firms must embrace to remain competitive and future-ready. The white paper draws on insights from Versatile s inaugural Construction Pulse Survey conducted by Ipsos which engaged senior construction professionals across the UAE and Saudi Arabia. While the data highlights key pressures and expectations the paper s core focus is on actionable strategies to help the sector lead the next phase of growth. /d...
Read More
Bhatia General Contracting a leading contractor in the UAE will hand over 1 050 exquisite villas in Al Khawaneej 2 district this month as part of a major government initiative to provide high-quality modern housing for Emirati families and support sustainable urban development in Dubai. The project exemplifies Bhatia Group s dedication to providing a variety of best-in-class housing options in line with its 50 years of excellence and commitment to enhancing UAE s real estate landscape the contractor said. The project which is now in its final phase plays a crucial role in the Dubai 2033 Plan a strategic initiative aimed at reinforcing Dubai s reputation as one of the world s most liveable urban centres. With this milestone the total value of the projects executed since 2024 has reached AED2.5 billion. Furthermore the project is part of the historic AED65...
Read More
The Misk Heritage Museum Asaan has announced the start of construction today at the site that will host this prominent cultural landmark in the historic district of Diriyah in Riyadh Saudi Arabia. The ground-breaking was held during a special ceremony organised by the museum to coincide with the Kingdom s celebrations of International Museum Day and was attended by representatives from the Mohammed bin Salman Foundation (Misk) Diriyah Company and designers Zaha Hadid Architects. The museum spans an area of 40 000 sq m and moves beyond the traditional museum concept to offer integrated cultural experiences. Through interactive spaces workshops and activities rooted in local environments visitors will be immersed in the daily life of past generations exploring traditional arts crafts stories customs and social values. Asaan provides a vibrant window into Saudi culture showcasing its tangible and intangibl...
Read More
LEOS Developments an award-winning international property and lifestyle developer is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. LEOS is placing technology at the heart of its strategy to deliver smarter faster and more emotionally engaging experiences the company said. In property development AI is transforming how homes are designed visualised and assessed. According to Forbes Global AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50% demonstrating the technology s growing impact and potential. One of the most powerful AI tools LEOS is pioneering is the creation of AI-generated fully animated project presentations that give prospective buyers and partners a vivid emotionally com...
Read More
Dar Alwd Construction (DAW) recently showcased to UAE Ministry of Energy & Infrastructure (MOEI) officials how PRC (Polymer Resin Concrete) technologies are transforming the standards of infrastructure development. PRC products are known for their extended service life corrosion resistance and environmental efficiency. The visit a PRC manufacturing facility in Qatar provided valuable insights into material innovation quality assurance processes and advancements in sustainable manufacturing practices. It also reinforced DAW s role in bringing high-performance PRC solutions to the UAE s infrastructure sector. The Ministry of Energy & Infrastructure stated: We are committed to integrating innovative sustainable technologies into our infrastructure projects. Our engagement with advanced materials like PRC reflects our strategic focus on building resilien...
Read More
Real estate and construction stocks continue to capture investor attention across the UAE with strong fundamentals says eToro s recent Retail Investor Beat survey. According to the survey 52.5% of investors see real estate and construction as the most promising sector over the next 12 months ahead of even the fast-growing technology sector which came in at 42% says Josh Gilbert Market Analyst at eToro. Dubai and Abu Dhabi s property markets remain two of the hottest globally fuelled by population growth foreign investment and demand for premium developments. This strength has translated into solid returns for listed developers in the last year such as Emaar Properties ( 72%) and Aldar ( 40%). Aldar s Q1 results reported in late April showed why this real estate is attracting investor attention with a 33% rise in net profit and a 42% jump in devel...
Read More
AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) the integrated investment destination for linking industry and global trade have signed a 50-year renewable usufruct agreement to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes right at the entrance of the Suez Canal said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly in the presence of Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology Mohamed Hassan Alsuwaidi UAE Minister of Investment Lieutena...
Read More
AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) the integrated investment destination for linking industry and global trade have signed a 50-year renewable usufruct agreement to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes right at the entrance of the Suez Canal said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly in the presence of Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology Mohamed Hassan Alsuwaidi UAE Minister of Investment Lieutena...
Read More
MAG a leading real estate developer in the UAE has signed an historic 3 billion tokenization agreement with MultiBank Group the world s largest financial derivatives institution based in Dubai and Mavryk a leading blockchain innovator. This marks the largest real-world asset (RWA) tokenization initiative globally to date MAG said. The initiative highlights the imminent launch of MBG the utility token at the core of MultiBank s next-generation digital finance ecosystem. The partnership will bring MAG s high-value real estate developments The Ritz-Carlton Residences Dubai Creekside which is part of the Keturah Resort and Keturah Reserve onto the blockchain making them available to global investors via MultiBank.io s fully regulated RWA marketplace. Once launched holders of the RWA assets will be able to earn yield dis...
Read More
The UAE real estate market has demonstrated resilience amid global economic uncertainties in Q1 2025 said CBRE Middle East the global leader in commercial real estate services and investments in a report. CBRE s UAE Real Estate Market Review for the first quarter of 2025 reflects the impact of ongoing trade tensions and declining oil prices on the UAE s economy with the International Monetary Fund (IMF) revising its global growth forecast from 3.3% to 2.8%. Nevertheless the UAE s diversified economy and strong international trade relationships are expected to cushion the effects of these external challenges. Notably UAE s foreign trade surged to AED 3.0 trillion in 2025 marking a 15% year-on-year increase driven by proactive efforts to diversify trade partners and enhance trade flows it said. In a significant move Dubai s Executive Council has issued Resolution No. ...
Read More
The Saudi Ports Authority (Mawani) and Sultan Logistics have signed a contract to establish a logistics park at King Abdulaziz Port in Dammam with an investment of up to SAR200 million ( 53.32 million). The new park will span an area of 197 000 sq m aiming to enhance the port s competitiveness increase its operational efficiency and elevate the level of logistics services provided. The contract was signed by the Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and the Chairman of Sultan Logistics Ali Sultan Al-Qahtani in the presence of several officials. This logistics park is part of Mawani s initiatives aligned with the objectives of the National Transport and Logistics Strategy which seeks to establish logistics parks inside and outside the kingdom s ports. The initiative aims to solid...
Read More
Bahrain Surf Park - Club Hawaii Experience has awarded the construction contract for the exciting new leisure destination to Poullaides Construction Company (PCC) a leading contractor known for delivering large-scale innovative projects. This milestone propels the surf park closer to its highly anticipated opening at Bilaj Al Jazayer a 1.3 million sq m development along Bahrain s southwest coast. Bahrain Surf Park Club Hawaii Experience is developed by Edamah (Bahrain Real Estate Investment) in partnership with GFH Financial Group (GFH). The project will create significant local opportunities generating jobs and boosting Bahrain s economy which strengthen its appeal as a hub for adventure tourism. Khaled Abdulrahman Al Majed CEO of Edamah commented: As the developer of Bahrain Surf Park - Club Hawaii Experience we are proud ...
Read More
Bahrain Surf Park - Club Hawaii Experience has awarded the construction contract for the exciting new leisure destination to Poullaides Construction Company (PCC) a leading contractor known for delivering large-scale innovative projects. This milestone propels the surf park closer to its highly anticipated opening at Bilaj Al Jazayer a 1.3 million sq m development along Bahrain s southwest coast. Bahrain Surf Park Club Hawaii Experience is developed by Edamah (Bahrain Real Estate Investment) in partnership with GFH Financial Group (GFH). The project will create significant local opportunities generating jobs and boosting Bahrain s economy which strengthen its appeal as a hub for adventure tourism. Khaled Abdulrahman Al Majed CEO of Edamah commented: As the developer of Bahrain Surf Park - Club Hawaii Experience we are proud ...
Read More
The Saudi Ports Authority (Mawani) has signed an agreement with Alissa Universal Motors a subsidiary of Abdullatif Alissa Group Holding to establish a logistics park at King Abdulaziz Port in Dammam. The project involves an investment of up to SAR300 million ( 79.97 million) and will cover an area of 382 000 sq m. The park will be dedicated to the import and re-export of vehicles and spare parts. According to a press release issued by Mawani the agreement was signed by Acting President of the Saudi Ports Authority Mazen bin Ahmed Al-Turki and Managing Director of Abdullatif Alissa Group Holding Abdullah Abdulmohsen Alissa said a Saudi Press Agency report. The establishment of the logistics park is part of Mawani s initiatives aligned with the objectives of the National Transport and Logistics Strategy. It aims to create high-efficiency logistics parks within and beyon...
Read More
Eqarcom a UAE-based digital proptech platform and a unit of Al Ghurair one of the largest diversified family business groups in the region said it has signed a strategic agreement with the Dubai Land Department (DLD). As per the deal the duo will work to boost transparency and regulatory compliance by enabling data integration automating leasing processes as well as enhance the tenant-landlord experience via digital platforms. The deal inked at the recently held IPS Conference 2025 in Dubai marks a major step forward in the ongoing digitisation of Dubai s real estate sector said the company in a statement. Thanks to the partnership Eqarcom will integrate with DLD systems including Ejari and gain access to market data helping landlords streamline leasing processes and offer compliant data-driven tenant experiences it stated. ...
Read More
The UAE s construction and real estate market has continued to experience a strong surge and increase in overall demand in recent years as it now accelerates into a new phase of high-growth development - driven by urban expansion inward investment and visionary planning. Lifesize Plans Dubai a leading company in life-sized architectural projections worldwide has noticed this huge growth and entered the UAE market in 2023 as a transformative force offering immersive full-scale architectural visualization that is redefining the pre-construction experience. Backed by decades of ambition and infrastructure investment the UAE s construction sector is expected to continue growing over the next three years and reach an estimated size of AED181.446 in 2028 as per market intelligence and advisory firm Mordor Intelligence. As per the report Dubai alone is laun...
Read More
Amwaj International a billion-dollar multi-national conglomerate with over 10 000 employees and a global footprint across 27 cities has acquired 18% stake in Dubai-based development firm Cledor founded by industry veteran Omar Gull. The investment marks Amwaj s entry into the rapidly growing real estate market in the UAE with Cledor s post-money valuation hitting 100 million. This investment is a key part of Amwaj s strategy to expand into one of the world s most vibrant real estate markets said the company in a statement. For over 30 years Founder and Chairman of Amwaj Group Namir El Akabi has successfully directed developments and investments worth more than 60 billion across nearly every sector of the real estate industry. Under the partnership Cledor will manage and spearhead Amwaj s upcomi...
Read More
Global luxury real estate brand Christie s International Real Estate has announced the opening of its new headquarters in the Kingdom of Saudi Arabia in partnership with one of the country s leading real estate technology firms Wasalt. A subsidiary of Quara Holding Group a Saudi investment firm with interests in real estate development finance advisory services and technology Wasalt provides AI-driven property search client-agent matchmaking auctions and other real estate services on a single platform. The brokerage Christie s International Real Estate Saudi Arabia will aim to serve the country s burgeoning luxury property market. The company recently filed for an IPO on the Saudi Parallel Market said Christie s International Real Estate in a statement. Christie s Internati...
Read More
Diriyah Company the developer of Saudi Arabia s premier historical cultural and lifestyle destination has awarded a 1.4 billion (SAR5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets. The contract was awarded to a joint venture comprising El Seif Engineering Contracting Company (ESEC) China State Construction Engineering Corporation (CSCEC) and Midmac Construction Company. Diriyah Company s Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a ceremony held recently to mark this latest milestone on Diriyah s development journey including a series of other major project announcements made during the first quarter of 2025. The Royal Diriyah Opera House will become Diriyah s flagship performing arts venue and a major architectural landmark ...
Read More
Forbes Middle East has revealed its 2025 ranking of the region s 100 Most Impactful Real Estate Leaders spotlighting the developers and decision-makers transforming the region s skylines. The list was compiled based on each leader s years of experience the value of completed and ongoing projects company financials including total assets and revenues where available and the size of landbanks and number of units held. The UAE dominates this year s ranking with 42 leaders of companies headquartered in the country followed by Saudi Arabia with 21 entries and Egypt with 16. Claiming the top spot is Hussain Sajwani Founder and Chairman of Damac Properties. In February 2025 Damac had announced the pricing and settlement of its 750 million senior unsecured three-and-a-half-year Reg S Sukuk its largest to date. /div...
Read More
Saudi Arabia s retail real estate sector is undergoing a transformation driven by the country s Vision 2030 initiative economic diversification efforts and an evolving consumer landscape. The outlook for 2025-2026 remains optimistic with strong demand anticipated due to factors such as population growth increasing tourism and changing consumer preferences according to top ratings agency S&P Global. The growth path for retail real estate in Saudi Arabia is looking good for 2025-26. However the sector is also facing challenges including oversupply risks and evolving retail formats that could weigh on rental rates and real estate landlords profitability amid high capital spending said the ratings agency. Additionally lower oil prices and market volatility amid escalating global trade tensions and a fragmented...
Read More
Women investors are playing a major role in Dubai s real estate sector with contributions worth AED118 billion ( 32 billion) in 2024 through over 50 979 property transactions according to a government official. Women now represent 34% of total real estate investors in Dubai reflecting a growing trend toward long-term stable investment said Majida Ali Rashid CEO of the Real Estate Development Sector at Dubai Land Department (DLD) while speaking to Wam . She noted that women possess strategic vision and leadership capabilities positioning them as key players in shaping the future of the real estate market and contributing to Dubai s economic and social goals under the D33 economic agenda and the Dubai Real Estate Strategy 2033. Rashid said upcoming phases will focus on expanding policies that support women in real estate through investment incentives advis...
Read More
Noatum Logistics an AD Ports Group company and a leading global logistics management services provider has acquired 152 long-haul transport trucks from Mercedes Benz to enhance its freight forwarding operations in the Middle East. The fleet expansion comes in response to Noatum Logistics robust growth trajectory and strategic focus on managing customers supply chains across the region while advancing its commitment to environmental sustainability the company said. The Mercedes Benz Actros advanced trucks will boost Noatum Logistics regional transport capacity by 6 000 tonnes and grow its fleet from approximately 450 vehicles to over 600. While capable of handling containerised reefer and loose cargo the vehicles will support customers across key industry sectors including energy polymers food & FMCG automotive pharma & healthcare and defence. ...
Read More
Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment of AED90 million ( 25 million) in Phase Two of its cutting-edge Logistics Park. Adding 360 000 square feet of Grade-A facilities the expansion aligns with the UAE s push to grow its logistics sector to AED200 billion annually in the next seven years and cements Dubai s role in international trade. The second phase delivers world-class infrastructure including modern offices customisable units temperature-controlled warehouses loading docks and enhanced power capacity to support diverse industries. Abdulla Al Hashmi Chief Operating Officer of Parks & Zones at DP World GCC said: The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai. ...
Read More
The real estate market in Ras Al Khaimah has witnessed unprecedented growth with transaction volumes skyrocketing by nearly 25 000% over the past seven years according to the latest data from the Ras Al Khaimah Statistics Centre. The total value of real estate transactions in June 2024 reached an astonishing AED2.53 billion ( 688 million) - an exponential leap from just AED10 million ( 2.72 million) in June 2017. Similarly mortgage values have soared recording AED3.47 billion in July 2024 compared to AED15.8 million in July 2017 - an unprecedented increase of approximately 21 849%. This surge underscores the growing investor confidence and the emirate s rising prominence as a real estate powerhouse said Andrei Charapenak the CEO of Major Developers a leading developer in Ras Al Khaimah. Ras Al Khaimah is no longer an emergi...
Read More
Marriott International has signed an agreement with Mullen Real Estate Capital to bring the JW Marriott brand to the shores of Costa Elena an exclusive resort-residential community located in Guanacaste Costa Rica. The hotel is expected to be one of the first JW Marriott all-inclusive resorts to open globally highlighting the company s commitment to redefining luxury all-inclusive experiences by integrating the brand s signature focus on mindfulness exceptional service and sophisticated design. We are thrilled to expand our presence in Costa Rica with the introduction of one of the first JW Marriott All-Inclusive Resorts said Uriel Burak Marriott International Vice President Development Caribbean and Latin America (CALA). This project marks the beginning of a strategic collaboration with Mullen Real Estate Capital a pioneer in the all-inclusive sector within the CALA region...
Read More
Bridging the UAE s science technology engineering and mathematics (STEM) skills gap to meet the ambitions of UAE Vision 2031 will form a key conference theme at the region s leading maritime and logistics show Seatrade Maritime Logistics Middle East. The flagship event takes place during the upcoming UAE Maritime Week from May 5 to 9 held under the patronage of the UAE Ministry of Energy and Infrastructure and is organised by Seatrade Maritime part of Informa Markets. The region s move away from dependence on oil and gas towards a high-growth knowledge economy in line with the Vision 2031 goals is creating unprecedented demand for new skills particularly in STEM areas such as artificial intelligence smart technology and renewable energy. In acknowledgement of this and with the UAE rapidly solidifying its position as a global maritime hub ...
Read More
FTI Consulting a leading global expert firm for organisations facing crisis and transformation has announced the addition of Adrian Predoi as its managing director in the firm s construction projects and assets practice within the Forensic and Litigation Consulting segment in Saudi Arabia. Predoi s appointment marks the continued expansion of the firm s construction advisory and transformation offering across Europe the Middle East and Africa (EMEA). In his role at FTI Consulting Predoi will lead the Advisory and Transformation practice in the Middle East providing strategic advice to asset-intensive organisations. He will also support clients in successfully delivering capital project portfolios that align with their strategic operational and business goals. Adrian s arrival to our market-leading con...
Read More
The Saudi construction market is experiencing a major transformation driven by the ambitious goals of Vision 2030. The kingdom aims to diversify its economy and reduce its reliance on oil with 24 transformative mega and giga-projects at the forefront of this shift. Outstanding developments such as Neom the Diriyah Project Jeddah Central and King Salman International Airport are not only reshaping the country s infrastructure but also creating significant opportunities in sectors like tourism technology and entertainment according to a report by ResearchAndMarkets. These large-scale projects are critical to realizing Vision 2030 as they generate jobs attract foreign investment and position Saudi Arabia as a global leader in innovation and sustainability. The construction market is booming offering local and international businesses and subcontractors new oppo...
Read More
The construction sector in the GCC is undergoing rapid transformation driven by large-scale infrastructure real estate and commercial projects. And with billions of dollars invested in smart cities transport networks and urban developments efficiency and cost control are more critical than ever. Yet one of the most significant but often overlooked challenges is construction rework the need to redo or correct work due to defects errors or poor planning according to Ibrahim Imam the Co-Founder of PlanRadar a leading construction and real estate management software company with operations in over 75 markets across the globe. Headquartered in Vienna Austria PlanRadar is an award-winning digital SaaS platform for documentation task management and communication in construction and real estate projects. On Rework Imam said it is...
Read More
SAL Saudi Logistics Services Company has announced that it has signed an agreement with Sela Company to launch a new logistics zone at an investment of SAR4 billion ( 1.1 billion) within the Falcons City project north of Riyadh. Spanning over 1.5 million sq m area the facility will feature high-quality Category A warehouses and storage spaces designed to meet diverse requirements said a statement from SAL Saudi Logistics Services Company. The initiative aligns with their joint efforts to enhance strategic partnerships support the logistics sector and boost the kingdom s position as a global logistics hub in line with Saudi Vision 2030 and the National Transport and Logistics Strategy it stated. The agreement was signed by SAL CEO Omar bin Talal Hariri and Sela Managing Director Rakan Al Harthy at a key ceremony held in the presence of Minister of Investment ...
Read More
More than 29 000 new companies operating in the trading and services sector joined the Dubai Chamber of Commerce one of the three chambers operating under the umbrella of Dubai Chambers during 2024. This significant growth reflects the sector s pivotal role in Dubai s economic diversification said the chamber. The construction sector witnessed substantial growth in memberships with 7 434 new companies joining the chamber in 2024 representing an increase of 33% compared to 2023. A total of 23 204 new companies operating in the real estate renting and business services sector joined the chamber last year reflecting annual growth of 8.4% while 5 901 new companies in the transport storage and communication sector joined the chamber an increase of 8.3% over 2023 s figure. The financial intermediation sector also expand...
Read More
Dhruva Consultants a leading tax advisory firm in the Middle East has launched a VAT Guide to simplify tax compliance for UAE s construction sector. Designed as a key industry resource it offers real-world insights that is in sync with Federal Tax Authority (FTA) guidelines. As the UAE s real estate sector continues to expand at an unprecedented pace tax compliance has become a critical challenge for developers contractors property managers and home owners. To provide clarity and practical solutions Dhruva Consultants a leading tax advisory firm in the Middle East has launched an exclusive VAT Guide tailored for the real estate sector. Designed as a first-of-its-kind industry resource the guide simplifies complex VAT regulations offering real-world insights that is in sync with the Federal Tax Authority (FTA) guidelines. ...
Read More
SAL Saudi Logistics Services the leading provider of cargo handling and logistics solutions in the kingdom has signed a partnership agreement with the King Salman Humanitarian Aid and Relief Center (KSRelief) to provide integrated logistics services in support of the center s efforts to deliver humanitarian aid quickly and efficiently to the most in-need regions worldwide. This partnership reflects SAL s commitment to leveraging its expertise and advanced logistics capabilities to ensure the swift and effective delivery of humanitarian aid to remote and affected areas said a statement from SAL. The agreement further strengthens SAL s role in supporting KSRelief s relief operations facilitating transportation storage and customs clearance processes to ensure aid reaches its intended destinations on time it stated. The agreement was signed by Engi...
Read More
Saudi Arabia s residential market is expected to experience significant growth over the next few years driven by a strong economic foundation rapidly growing population positive demographics and increasing demand for new homes particularly in Riyadh Jeddah and Dammam according to CBRE Middle East the global leader in commercial real estate. This demand is driving prices and rental rates higher a trend that is expected to continue with the value of new residential mortgages in the Kingdom rising 17% year-on-year in 2024 satted CBRE in its latest edition of the Saudi Arabia Real Estate Market Review for Q4 2024. The strong market growth is reflected in rising property values in Riyadh with average prices increasing by over 6% in the past year it added. As new high-quality units enter the market prices are anticipated to continue to rise in 2025. /div...
Read More
Dubai real estate prices fell by 0.57% in January 2025 the first decline since summer 2022 signalling a market shift towards stabilisation according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14 413 sales average prices dropped to AED1 484 per sq ft. Sales volumes were down 4.6% compared to December 2024 stated Property Monitor in its monthly market report. Off plan launches continued to soar in January with 53 launches from 37 developers bringing another 12 400 units to the market. Mortgage transactions also rose 6.8% month on month with 4 134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank regulations it stated.  ...
Read More
DHL eCommerce a specialist e-commerce logistics and cross-border solutions division of logistics major DHL has entered into an agreement with Ajex Logistics Services to acquire a minority stake in the Saudi parcel logistics company. For DHL eCommerce whose core business is domestic parcel transport in selected European countries the US and certain key Asian countries this agreement represents an expansion into the rapidly growing Saudi e-commerce parcel market said the Germany-based group in its statement. Although Ajex only began its operations in 2021 it has already established itself as a leading parcel service provider in the rapidly evolving domestic market with robust growth and an extensive distribution network it stated. The agreement was signed at a key ceremony held in Riyadh in the presence of Saleh Al Jasser the Minister of Transport and Log...
Read More
Gulf Warehousing Company (GWC) one of the leading logistics providers in the Mena region has announced the launch of a cutting-edge logistics hub at Ras Laffan dedicated to servicing the country s vital oil and gas industry. This new facility has been developed to support the continued growth and development of Qatar s energy sector particularly with the implementation of the North Field Expansion Project - the world s largest LNG project currently under construction - in line with Qatar National Vision 2030 which prioritises the Optimum exploitation of hydrocarbon resources. The expansive hub boasts an indoor bulk storage warehouse covering more than 5 300 sq m which is fully air-conditioned and with a 25-tonne overhead crane said GWC in a statement. Additionally an indoor racked storage distribution centre (DC) offers thousands of pallet...
Read More
Parcel a Hope Ventures portfolio company that has revolutionised delivery services for 3 000 businesses in Bahrain has announced its expansion into Saudi Arabia. Parcel offers businesses a smart alternative to hiring full-time drivers or managing delivery fleets. Through its digital platform the company connects businesses to a network of reliable on-demand drivers providing a more cost-effective and efficient solution than traditional delivery methods said a statement from the company. Since its launch Parcel has been instrumental in supporting Bahrain s local businesses by simplifying their delivery operations helping them grow and saving costs. The platform s success in completing over 1.5 million deliveries highlights its reliability and the strong demand for its tech-driven logistics solutions said its top official. &...
Read More
Saudi Authority for Industrial Cities and Technology Zones (Modon) in collaboration with the National Center for Privatization & PPP (NCP) has announced the launch of the Expressions of Interest (EOIs) for the Logistics Zone Development in Dammam 2nd Industrial City. Spanning approximately 850 000 sq m area the project is strategically located within Dammam 2nd Industrial City and will serve as a key enabler for trade cross-border connectivity and industrial expansion. The development will include modern logistics facilities warehousing solutions and operate and maintain the infrastructure ensuring seamless integration with both existing and future industrial activities. The site will comprise among other components a gated public area a non-gated public area leasable spaces and a dedicated utilities infrastructure area. This project a Public-Private Partnership (...
Read More
Construction works on Ma aden s Phosphate 3 project with investments estimated at SAR28 billion ( 7.47 billion) was launched on Monday in Wa ad Al Shamal Mining City by Northern Borders Region Governor Prince Faisal bin Khalid bin Sultan bin Abdulaziz. He also launched several development and investment projects at a ceremony attended by Minister of Industry and Mineral Resources Bandar Alkhorayef Vice Minister for Mining Affairs Eng Khalid Al-Mudaifer and several public and private sector officials said a Saudi Press Agency (SPA) report. Supported by the Shareek Program Ma aden s Phosphate 3 project is one of the region s largest mining ventures and aims to increase Saudi Arabia s phosphate production capacity to 9 million tons annually including 3 million tons each from the Phosphate 1 and 2 projects. This expansion will contribute t...
Read More
Oman s The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced today (February 17) the launch of the third package tender for the development of Economic Zone at Al Dhahira (EZAD). The scope of work includes construction of 4-sq-km-long dry port facilities and a veterinary quarantine. The dry port the main driver of the Economic Zone at Dhahira (EZAD) located near the Omani-Saudi border (Al Rubaa Al Khali) is being developed in collaboration with the Kingdom of Saudi Arabia. According to OPAZ the Phase I of the dry port will be constructed on 1 sq km in addition the tender covering the construction of a veterinary quarantine. For the project OPAZ has invited experienced Omani and Saudi companies to purchase the tender documents and submit their bids before the April 17 deadline. Eng. Ibrahim Yousuf Al Zadjali ...
Read More
This year s International Contracting Conference (ICC) held as part of Big 5 Construct Saudi put spotlight on the transformative impact of Vision 2030 as well as innovative construction methods and digital tools for project management said the organisers. The two-day event organised by dmg events in partnership with the Saudi Contractors Authority (SCA) kicked off on the opening day of Big 5 Construct Saudi bringing together senior government officials industry leaders and experts to discuss the future of construction in Saudi Arabia. The 13th edition of Big 5 Construct Saudi was inaugurated by Mohammed Abdulaziz Alajlan Chairman of the Board of Directors of Saudi Contractors Authority (SCA) at the Riyadh Front Exhibition and Conference Center at Roshn Front unveiling its new two-week format designed to meet the increasing market demand and sector-specific growth opportunities within Saudi A...
Read More
The global 3D printing industry in construction is revolutionising the sector and capturing the attention of investors worldwide. With its transformative potential to reduce costs accelerate timelines and enhance sustainability the 3D buildings industry is emerging as a pivotal driver of innovation and economic growth said a top industry expert. 3DXB Group a leader in advanced 3D printing solutions is at the forefront of this exciting evolution leveraging cutting-edge technology to redefine the future of construction. As the demand for cost-efficient eco-friendly and scalable construction solutions surges investors are increasingly recognizing the value proposition of 3D printing in construction. The industry s ability to disrupt traditional building methods coupled with its alignment with sustainability and urbani...
Read More
Tasaru Mobility Investments a prominent investment entity wholly owned by the Public Investment Fund (PIF) of Saudi Arabia has launched a strategic joint venture (JV) in collaboration with Bahri the National Shipping Company of Saudi Arabia and Mosolf Group a leading European provider of automotive logistics and technology solutions. This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia. It embodies the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape said a statement. The JV will leverage the strength of all three partners to deliver integrated world-class logistics solutions for the automotive and mobility sectors in Saudi Arabia. These services include shipping transportation electric vehicle handling insp...
Read More
Tasaru Mobility Investments, a prominent investment entity wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, has launched a strategic joint venture (JV) in collaboration with Bahri, the National Shipping Company of Saudi Arabia, and Mosolf Group, a leading European provider of automotive logistics and technology solutions.
This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia. It embodies the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape, said a statement.
The JV will leverage the strength of all three partners to deliver integrated, world-class logistics solutions for the automotive and mobility sectors in Saudi Arabia. These services include shipping, transportation, electric vehicle handling, insp...
DP World has announced that it has reached a major milestone in the development of the Sokhna Logistics Park in Egypt with 65% of the first phase now already completed. Spanning 300 000 sqm the facility is designed to provide cost-effective integrated supply chain solutions leveraging DP World s extensive global network. The park located just 10km away from Sokhna Port offers direct access to Greater Cairo s key markets and major industrial zones. Its strategic location will enable businesses to reduce operational costs and improve efficiency with streamlined cargo movements. Scheduled for completion in June 2025 the park will drive efficiency reduce logistics costs and strengthen connectivity between Egypt the Middle East Africa and beyond it stated. Ranjit Ray Senior Vice President Economic Zones Mena region...
Read More
Saint-Gobain a leading designer manufacturer and distributor of materials and solutions for the construction and industrial markets has announced that it has completed the acquisition of Fosroc a leading global construction chemicals player with a strong geographic footprint in India the Middle East and Asia-Pacific in particular. Following the acquisitions of Chryso GCP and Ovniver (Cemix brand) this represents another important step in establishing Saint-Gobain s worldwide presence in construction chemicals said the French group in a statement. With this acquisition the company will gain access to newer territories across 76 countries and its combined sales will soar to 6.5 billion said the company in its statement. Fosroc is expected to have generated revenues of 487 million in 2024 with a growth rate of around 11% per year on average since 2021.&nb...
Read More
Bahrain and Saudi Arabia are set to give a fresh boost to their investment co-operation with the establishment of a joint venture company that will cater to the construction materials need in the region. This new venture is in line with the strategic goals of Bahrain s Economic Vision 2030 reported the Gulf Daily News our sister publication citing senior officials. For further details visit https://www.gdnonline.com ...
Read More
Bahrain and Saudi Arabia are set to give a fresh boost to their investment co-operation with the establishment of a joint venture company that will cater to the construction materials need in the region. This new venture is in line with the strategic goals of Bahrain’s Economic Vision 2030, reported the Gulf Daily News, our sister publication, citing senior officials.
For further details visit https://www.gdnonline.com
...
Emsteel one of the largest publicly traded steel and building materials manufacturers in the region has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC while fostering economic collaboration between the UAE and Oman. The landmark agreements highlight a shared commitment to efficient sustainable transportation of raw materials critical to Emsteel s cement production while also aligning with the UAE s Operation 300bn strategy and Oman s Vision 2040. The primary agreement signed with Hafeet Rail Infrastructure the region s first cross-border rail network connecting the Sultanate of Oman and the UAE highlights how Emsteel and Hafeet Rail will collaborate closely to undertake specific roles and responsibilities. As per this partnership Hafeet Rail will develop an integr...
Read More
Dubai s real estate market has made a strong start to 2025 with property sales in January surging to hit AED44.4 billion ( 12 billion) up 24.1% in value over last year according to UAE-based fäm Properties. Land sales for January showed the biggest increase with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. A market update from fäm Properties reveals that last month s total of 14 236 transactions also represented a 23.2% increase in volume over January 2024. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3 117 compared with January last year and apartment sales worth AED18.2 billion were up 7.1% in volume to 9 945 stated the report. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over Jan...
Read More
Arabian Contracting Services Company has announced the signing of a long-term credit facility agreement (sharia compliance) with the Saudi Awwal Bank (SAB) amounting to SAR972 million ( 259 million). The credit facility is for a 8-year period and its proceeds will be used for refinancing the acquisition loan to Faden Media said Arabian Contracting Services in its filing to Saudi bourse Tadawul. This is in alignment with the company s strategy to reduce the finance cost and increase the profitability it stated. This also involves settling outstanding debts with other banks said the company in its bourse filing. Additionally Arabian Contracting Services said it is focused on enhancing profitability and minimising costs aligning with its strategic financial direction to ensure the company remains in a strong and effective position.&nbs...
Read More
Having developed the GCC region s first-ever Sustainable Construction Code the Gulf Organisation for Research & Development (GORD) - a subsidiary of Qatari Diar Real estate Investment Company - has signed an agreement with the GCC Standardization Organization (GSO) for integrating the code into the wider Gulf Building Code. The Gulf Building Code endorsed by the Ministries of Municipalities and Urban Planning in GCC serves as a comprehensive framework guiding building and construction practices across the region. The newly-developed Sustainable Construction Code created by experts at GORD - headquartered at Qatar Science &Technology Park- draws on the success of its flagship Global Sustainability Assessment System (GSAS) developed as the first performance-based green buildings rating system in Mena region will significantly contribute to the Gulf s transition to more sustainable...
Read More
The UAE Cabinet has approved the establishment of the UAE Logistics Integration Council aimed at aligning efforts and ensuring seamless coordination to strengthen the UAE s position as a global trade hub. The council will bring together all key federal and local entities including ports roads transport customs railways and border crossings ensuring efficiency and synergy in the sector said His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai who chaired the cabinet s meeting held at Qasr Al Watan Abu Dhabi a Wam news agency report quoted. With the logistics industry valued at AED 129 billion in 2023 our goal is to expand it beyond AED200 billion over the next seven years reinforcing the UAE s role as a central hub for global trade and commerce he said. HH Sheikh Mohammed bin Rashid s...
Read More
Saudi Arabia s National Housing Company (NHC) has signed a series of agreements deals and memoranda of understanding (MoUs) with government entities and private sector companies worth SAR30 billion ( 8 billion) on the opening of the Real Estate Future Forum 2025 in Riyadh. These agreements were inked in the presence of Minister of Municipalities and Housing Majed Al Hogail and Minister of Industry and Mineral Resources Bandar Alkhorayef. These included a MoU with King Abdulaziz City for Science and Technology (KACST) in collaboration with Al Saif Company to advance construction development through off-site construction technologies said NHC in a statement. Another MoU was with the Ministry of Industry and Mineral Resources to enhance collaboration in supply chains and the Industrial Links Program aiming to increase local content and improve efficiency in the real esta...
Read More
In a major move the Saudi Capital Market Authority (CMA) has granted foreign investors permission to invest in Saudi-listed companies that own real estate within the cities of Makkah and Madinah. This initiative is aimed at fostering investment as well as enhancing the appeal and efficiency of the capital market and bolster its competitiveness both regionally and globally while also supporting the local economy said CMA in a statement. The CMA seeks to attract foreign capital and provide the necessary liquidity for ongoing and future projects in Makkah and Madinah leveraging the Saudi market s vast investment opportunities. These efforts aim to position the Saudi market as a pivotal funding source for significant developmental initiatives in these cities it stated. According to a statement by the CMA the approval perta...
Read More
Kamco Invest one of the largest asset managers in the Middle East and North Africa (MENA) region is partnering with a team led by logistics real estate veteran Ian Worboys to form a new investment and development company European Green Logistics Space (EGLS). Worboys who boasts more than 40 years experience working in the European industrial and logistics market including leadership roles at Gazeley Panattoni P3 Logistic Parks and latterly Trammell Crow Company has co-founded EGLS with Amos Chia former head of acquisitions at pan-European urban logistics platform Crossbay and Glen Lonie former head of asset management for Central & Eastern Europe at Cushman & Wakefield. Worboys is EGLS s Chief Executive Officer Chia is the Chief Investment Officer and Lonie is the Chief Financial Officer. Kamco Invest has acquired a significant ...
Read More
Modon Holding an Abu Dhabi-based holding company has announced that it has set up a new joint venture with Broadgate REIT an entity owned by the UK-based FTSE 100 listed property developer British Land and GIC a leading global investor to deliver 2 Finsbury Avenue a 750 000 sq ft prime development at Broadgate located in the heart of London. As per the deal Modon will own a 50% stake while British Land and GIC will each retain 25% ownership in the asset going forward through their ownership of Broadgate REIT. The JV marks Modon s first entry into London s prime real estate market. British Land will remain the development and asset manager for the project as the parties combine their development capabilities to deliver the landmark building. The 2 Finsbury Avenue development is a vibrant office-led campus in the heart of the city. Uniquely for London it ...
Read More
AD Ports Group a leading facilitator of global trade logistics and industry has announced the signing of a MoU with the Egyptian Ministry of Industry and Transport to explore joint development and operations an integrated logistics Park in Alexandria. As per the deal AD Ports Group will pursue a collaboration with Holding Company for Maritime and Land Transportation (HCMLT) an affiliate of the Ministry of Transportation of Egypt to explore development management and operation of a 1.1 sq km integrated logistics area at Alexandria Port. Set to be one of the largest logistics hubs on the Mediterranean Sea the port accounts for about 60% of Egypt s foreign trade according to government figures. The deal was inked today (January 23) in Cairo by Ahmed Al Mutawa Regional CEO of AD Ports Group and Amr Ahmed Moustafa Executive Managing Director of HCMLT at a special ...
Read More
The construction industry in the UAE and Saudi Arabia is on the verge of a technological and sustainability-driven transformation according to The Construction Pulse a new survey conducted by Versatile International the region s first natural stone project management consultancy. The survey in collaboration with Ipsos in UAE captured insights from 168 senior level professionals at all stages of the construction process ranging from developers architects and designers to project management consultants - revealed that 57% of respondents view Artificial Intelligence (AI) as the most prominent trend shaping the sector in 2025. At the same time 55% of respondents in the survey emphasised sustainability as a key driver of innovation with development projects increasingly incorporating renewable energy and green building certifications. However the findings reveal challenges ahead with 56% of respondents citing labour shortages as ...
Read More
The construction industry in the UAE and Saudi Arabia is on the verge of a technological and sustainability-driven transformation, according to The Construction Pulse, a new survey conducted by Versatile International – the region’s first natural stone project management consultancy.
The survey, in collaboration with Ipsos in UAE, captured insights from 168 senior level professionals at all stages of the construction process – ranging from developers, architects and designers – to project management consultants - revealed that 57% of respondents view Artificial Intelligence (AI) as the most prominent trend shaping the sector in 2025.
At the same time, 55% of respondents in the survey emphasised sustainability as a key driver of innovation, with development projects increasingly incorporating renewable energy and green building certifications. However, the findings reveal challenges ahead, with 56% of respondents citing labour shortages as ...
Kingdom Holding Company (KHC) has announced that construction of the Jeddah Tower a symbol of ambition and progress has officially restarted. Work resumed with the concrete pouring today (January 21) in the presence of Prince Alwaleed bin Talal Chairman of KHC; Eng Talal bin Ibrahim Al Maiman KHC CEO; Sheikh Yaslam bin Laden of Bin Laden Group; Eng Hassan Sharbatly from Qilla Jeddah for Real Estate Investments; and Mohammed Al-Qatari from Abraar International Company Limited said a KHC post on X. Set to become the world s tallest building at over 1 000 m high Jeddah Tower will redefine Jeddah s skyline and position Saudi Arabia as a hub for architectural excellence and economic opportunity it said. Today s ceremony represents the realisation of a vision that took years in the making said Eng Al Maiman. Jeddah Tower will serve as a beac...
Read More
ASAS Real Estate a subsidiary of Sharjah Islamic Bank has launched sales of phase two of the Sajaa Industrial Lands project located in Sharjah s Sajaa Industrial Area. The project offers freehold ownership for UAE nationals GCC citizens and Arab residents in the UAE with flexible payment plans extending up to 24 months said a report by Wam news agency. Ahmed Al Ameri General Manager of ASAS Real Estate stated that phase two builds on the success and demand seen during phase one in late 2024. He highlighted the company s commitment to providing competitive investment opportunities for individuals and businesses offering lucrative returns aligned with the growth of the UAE s real estate sector. The initiative aims to foster economic diversification and support Sharjah s industrial development by empowering private-sector participation and enabling in...
Read More
DHL Express the world s leading express and logistics provider has inaugurated a cutting-edge logistics facility at Muscat International Airport in Oman. The milestone was marked by an official ceremony attended by Sayyid Tarik bin Shabib bin Taimur Al Said distinguished guests and key industry leaders. Over the past two decades DHL Express has invested more than 30 million ( 30.81 million) in developing this state-of-the-art facility which spans a total area of 12 621 sq m with a built-up space of 8 074 sq m. The facility houses a ground operations hub an import/export gateway and a regional office with the capacity to process approximately 2 400 shipments per hour while serving more than 4 200 customers. Abdulaziz Busbate CEO of DHL Express MENA stated: This facility is the latest addition to DHL s growing infrastructure and a strategic i...
Read More
Alta Real Estate Development has unveiled Mr C Residences Downtown marking the second Mr C property in Dubai. The project is part of Alta s continued partnership with Ignazio and Maggio Cipriani representing a modern interpretation of the family s nearly century-long legacy in hospitality. Inspired by the dynamic energy of Dubai and its stunning skyline Mr C Residences Downtown celebrates Dubai s modern spirit while infusing it with the warm personalised service for which Mr C is renowned. Mr C created by brothers Ignazio and Maggio members of the fourth generation of the Cipriani family is known globally for its portfolio of hotels restaurants and residences. Since its first Mr C Hotel opened in Beverly Hills California in June 2011 Mr C has been setting a new era in timeless yet contemporary hospitality with Mr C Miami Coconut Grove ...
Read More
Kuwait Real Estate Company (Aqarat) a leading real estate firm listed on the Kuwait Stock Exchange in collaboration with IFA Hotels and Resorts has launched the Al Tay Hills project in the UAE emirate of Sharjah. The project with a total cost of AED3.5 billion ( 952.9 million) spans over 6 million sq ft and includes 1 100 villas and townhouses with diverse designs and sizes to meet various client needs. The units range from three to six bedrooms each featuring private pools and modern designs that combine luxury and comfort and will be developed in three phases. The first phase of the project is scheduled for delivery in the first quarter of 2028 reflecting the company s commitment to delivering high-quality projects that enhance its position in the real estate market Aqarat said. Strategic location /strong...
Read More
Opteam an innovative AI-driven construction management software has announced that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC a leading venture capital firm in MENA. Other strategic investors who participated in the round are Dar Ventures the VC arm of Dar SIAC Ventures the VC arm of SIAC Construction and Oraseya Capital the VC fund of Dubai Integrated Economic Zones Authority. Established in 2020 Opteam was founded by Dr Tarek Hegazy a professor and researcher with 20 years of experience in advanced computational project management for construction and his son Ahmed Hegazy a software sales executive. Opteam is a first-of-its-kind solution designed to improve how construction companies manage their data and reduce the time it takes to strategise from weeks to minutes. The software combines advanced data analytics mobile ...
Read More
Emirates Global Aluminium (EGA) the largest industrial company in the UAE outside oil and gas and the biggest premium aluminium producer in the world today announced the completion of civil works for the expansion project at the company s US recycling firm Spectro Alloys. The expansion project adds 55 000 tonnes of secondary billet production in the first phase with first hot metal expected early in the second half of 2025. Full production ramp-up is expected in the first quarter of 2026. EGA completed the acquisition of 80 per cent of Spectro Alloys in September 2024. The acquisition accelerated EGA s global expansion into aluminium recycling and expanded EGA s business in the US which is already one of EGA s largest global markets. Spectro Alloys is a leading secondary foundry alloy producer in Rosemount Minnesota. The company currently ...
Read More
The UAE s ever-evolving real estate market stands at the brink of a major evolution as various trends and practices continue to reshape the market landscape. The market is projected to experience a transformative shift especially with the emergence of cutting-edge technologies such as artificial intelligence (AI) 3D printing and smart home innovations a steady annual growth rate of 2.25 per cent is expected between 2024 and 2029 resulting in a market volume of 0.76 trillion by the latter year further solidifying UAE s position as a global leader writes Ajay Bhatia Founder and CEO of SOL Properties. As the market becomes more influenced by technological developments it is expected to redefine conventional property development management and transactions paving the way for an efficient sustainable customer-centric and investor-friendly ecosystem. These changes further position the UA...
Read More
Saudi Arabia s View United Real Estate Development Company has signed a SAR164-million ( 43.69 million) contract to develop a residential tower in Al-Nakheel district King Fahd Road in Riyadh. The SAR164-million contract was signed with Shams Holding Company. The contract duration is 30 months from the date of commencement of construction works said a company filing on the Saudi Stock Exchange. The project is expected to have a positive impact on revenues of the company immediately after the start of implementation operations after obtaining the necessary approvals and licences it said. Related parties to the contract are Wavz Real Estate Development Company and Anyar Real Estate Development Company. - TradeArabia News Service ...
Read More
Wasalt an advanced digital real estate platform specialising in real estate services has recorded a significant growth in usage boasting more than 750 000 registered users and 100 000 monthly leads. With an anticipated five-fold increase in revenue from 2025 to 2028 Wasalt has emerged as a transformative leader in Saudi Arabia s PropTech landscape within a short period of four years redefining the real estate ecosystem with cutting-edge technology AI-driven solutions and the recent launch of its innovative digital auction platform licensed by Infath the Kingdom s entrustment and liquidation centre the company said. Furthermore through its new auction platform it has transformed the traditional auction process providing a seamless and secure experience for buying and selling properties. Wasalt also offers transparency with AI-driven verific...
Read More
TotalEnergies (45 per cent operator) and its partners Basra Oil Company (30 per cent) and QatarEnergy (25 per cent) launched the construction works of ArtawiGas25 a first processing facility for the associated gas from the Ratawi field located in the Basra region Iraq. This facility which is part of the Gas Growth Integrated Project (GGIP) represents an investment of around 250 million and will process 50 million cubic feet per day (Mcf/d) of gas previously flared. The gas will supply local power plants covering the demand of approximately 200 000 households in the Basra region. Signed in September 2021 the GGIP project is a 10 billion multi-energy project designed to enhance the development of Iraq s natural resources and improve the country s electricity supply. The GGIP includes a large-scale gas processing plant with a fir...
Read More
Dubai s real estate market closed 2024 with exceptional results further establishing the city as a destination for strategic investments in the property sector. According to Springfield Properties Q4 2024 Dubai Real Estate Market Report total sales transaction values reached AED116.5 billion ( 31.72 billion) reflecting a 31.1% year-on-year increase with transaction volumes surging 51.8% to 46 844 closed deals. At the heart of this growth lies the off-plan market which contributed over half of the total transaction value as well as Dubai s thriving luxury property segment which continues to attract high-net-worth individuals and institutional investors worldwide. Established communities like Palm Jumeirah Downtown Dubai and Dubai Marina remain dominant offering a blend of exclusivity lifestyle appeal and long-term value the report said. Farooq S...
Read More
South Korean infrastructure majors including Samsung E&A GS Engineering and Hyundai have secured overseas contracts worth 34 billion in 2024 for industrial plant construction in 2024 the highest amount in nearly 10 years reported Yonhap citing senior Ministry of Trade Industry and Energy officials. The figure represents a 12.7% increase from 30.2 billion recorded in 2023 and is the largest since 36.4 billion posted in 2015 it stated. The ministry attributed the strong performance to projects won in the Middle East which amounted to 15.52 billion accounting for 46% of the total. In April Samsung E&A Co. and GS Engineering & Construction Corp. jointly secured a 7.3 billion contract to expand a gas plant in Saudi Arabia. In November Samsung C&T Corp. clinched an agreement worth 2.84 billion to construct a power...
Read More
The UAE s real estate sector maintained its growth momentum throughout 2024 marked by an increase in real estate projects and infrastructure investments reinforcing its position as a key pillar of the country s economic growth reported Wam . The vibrant real estate markets across the emirates underscored the UAE s status as a global hub for property investments and an attractive destination for high-net-worth individuals who play a vital role in stimulating market activity particularly in luxury real estate. The property markets in Abu Dhabi Dubai Sharjah and Ajman witnessed significant activity in transaction volumes over the past year maintaining positive performance levels thanks to diverse investment opportunities and growing demand for various property types. According to official data from the local real estate authorities of the four emirates ...
Read More
A record-breaking year for Dubai s real estate market with new milestones being set throughout 2024 culminated in an all-time peak of 180 900 transactions worth AED522 billion ( 142 billion). A market report issued today (January 2) by UAE-based fäm Properties underlines how 2024 became an historic year with big leaps of 36% and 27% respectively on the previous high of 133 100 sales worth AED411.1 billion in 2023. In the primary market first sales from developers climbed by 30% year on year to AED334.1 billion highlighting strong demand for new developments and off-plan properties it stated. The transaction volume surged by 51% to 119 800 in 2024 reflecting a substantial increase in buyer confidence and developer activity. There was also a steady appreciation in the average price per sq ft which was up 10% to AED 1 600. Demand was fuelled by new pr...
Read More
A record-breaking year for Dubai’s real estate market, with new milestones being set throughout 2024, culminated in an all-time peak of 180,900 transactions worth AED522 billion ($142 billion).
The Saudi Real Estate Refinance Company (SRC) a PIF company has signed a MoU with Hassana Investment Company aimed at achieving the goals of the Kingdom of Saudi Arabia s Housing and Financial Sector Development Programmes thus aligning with the objectives of Saudi Vision 2030. The MoU is aimed at deepening and expanding the financial market in the kingdom in addition to enhancing liquidity in the real estate finance sector by introducing an innovative asset class - the first of its kind in the region - through the issuance of residential mortgage-backed securities. These issuances are expected to attract a diverse base of local and global investors in the secondary mortgage market and broaden investment opportunities in the sector. SRC was established by the Saudi Arabia s sovereign wealth fund PIF in 2017 with the aim of developing the kingdom s real e...
Read More
Saudi-based First Avenue for Real Estate Development Company has signed a non-binding Letter of Intent with Awj Real Estate Development and Investment Company (Awj) for the establishment of a real estate fund aimed at acquiring and developing commercial office and hospitality projects. The Fund aims to invest in four real estate assets in Saudi port city Jeddah: West La Perle East La Perle La Perle Residential Land and La Perle Hotel Land said First Avenue in its filing to Saudi bourse Tadawul. The company s ownership in the Fund is expected to range between 40% and 50% while Awj s ownership is set to be in 50% to 60% range. The Letter of Intent also includes standard provisions such as exclusivity during the negotiation period and confidentiality it added .-TradeArabia News Service ...
Read More
GFH Partners a DIFC-based global asset management subsidiary of GFH Financial Group has announced a strategic investment in Manrre REIT a premier Dubai-based fund specialising in institutional-grade logistics and industrial assets across the UAE and the GCC region. Founded in 2018 by Palmon Group FZCO a leading local logistics developer and owner Manrre s portfolio is valued at approximately AED500 million ( 136.13 million). This includes 26 high-quality diversified industrial and logistics properties primarily in the UAE establishing Manrre as a leading player in the region s logistics and industrial real estate landscape. This investment marks a pivotal milestone for Manrre and its future growth. Following the recent approval from the Dubai Financial Services Authority ( DFSA ) GFH Partners has assumed the role of Fund Manager. This transaction marks...
Read More
Bahrain-based Kanoo Real Estate a division of the Yusuf Bin Ahmed Kanoo Group has won top recognition at the 2024 Arabian Property Awards in the Best Mixed-Use Development Bahrain category for Sitra Service Station Best Retail Development Bahrain category for 1890 Boulevard and Best Mixed-Use Architecture Bahrain category for Sitra Service Station (5-Star Winner). Sitra Service Station is a mixed-use development spanning over 24 373 sq m and strategically located along the prominent Jaber Al-Ahmad Al-Sabah commercial highway in Sitra. As the largest service station of its kind in the Kingdom it offers exceptional visibility and access serving a wide range of businesses with modern facilities and services tailored to diverse customer needs ensuring convenience for on-the-go said the statement from Yusuf Bin Ahmed Kanoo Group. The project was in collaboration with ...
Read More
Saudi Arabia s National Energy Services Company (Tarshid) has announced that one of its subsidiaries has signed a strategic agreement for detailed study with SAL Logistics Services. The agreement is aimed at enhancing energy efficiency across SAL facilities by conducting a detailed study to implement optimal energy efficiency solutions. It was signed under the patronage of Minister of Energy and Chairman of the National Energy Services Company (Tarshid) Prince Abdulaziz bin Salman bin Abdulaziz during the Saudi Green Initiative Forum and COP16 Conference in Riyadh. These efforts will contribute to improved operational efficiency and reduced carbon emissions aligning with the objectives of Saudi Vision 2030 to achieve energy sustainability and preserve natural resources. The agreement includes on-site surveys and a comprehensive tech...
Read More
Azizi Developments has announced that construction at Creek Views III its AED350 ( 95.3 million) million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City has reached 15%. Although its scheduled previously announced handover date is Q1 2026 an earlier ahead-of-schedule date is being aimed for. The project s progress has been swift with structural work and blockwork now at 38% and 5% respectively. The manpower has also been increased to 354 to speed up the pace of construction even further. Farhad Azizi Group CEO of the Azizi group of companies said: We are thrilled with the steady advancements at Creek Views III now 15% complete as we continue to uphold our promise of timely delivery and exceptional quality. This development is progressing in collaboration with top-tier partners and through the use of innovative construction practices. Creek Views III w...
Read More
NEOM the sustainable development taking shape in the northwest of the Kingdom has signed a joint venture (JV) agreement with Samsung C&T Corporation to unlock an initial investment of more than SAR1.3 billion ( 345 million) in construction robotics. The agreement will accelerate the development and deployment of cutting-edge construction automation technology in Saudi Arabia said a statement from NEOM. The joint venture was orchestrated by the Saudi group s strategic investment arm NEOM Investment Fund (NIF) which plays a pivotal role in driving the development of NEOM s ecosystem by fostering new businesses and accelerating value creation across NEOM s 15 sectors. The JV aims to automate rebar cage assembly through advanced robotic welding and tying techniques enabling the assembly of large pre-manufactured reinforcement cages. ...
Read More
ONE Development has announced the start of construction of the AED2 billion ( 540 million) Laguna Residence its flagship project with ground being broken just 55 days after the launch. During a commencement ceremony in Dubai s City of Arabia attended by lead consultants AE7; Project Management Consultants Mirage Leisure and Development; sub-contractor Rabat Foundation and Salama Structural Engineers structural third-party reviewer emphasised the project s significant potential and its impact on the future of urban living in Dubai and the region. Scheduled for completion and delivery in Q4 2027 Laguna Residence will be the region s first fully AI-integrated residential community redefining modern living with innovative thoughtfully designed spaces that integrate technology and sustainability all while prioritising the comfort and needs of residents. The development will feature iconi...
Read More
Hellmann Worldwide Logistics a leading German transport and logistics company has appointed its Dubai-based Regional CEO (India Middle East and Africa) Madhav Kurup as the new Global Chief Operating Officer (COO) for Airfreight Seafreight and Contract Logistics and also a Member of the Management Board. In this role he will be responsible for the global strategic development of these products and further expand present and future product and vertical joint ventures. This is the first time in the company s 150-year history that a non-German member has made it to the Global Management Board and the first time a Hellmann Board member will be based outside Germany thus reflecting the company s commitment to global expansion and diversification. Lauding the appointment Dr. Thomas C. Lieb Chairman of Hellmann Supervisory Board said: Our strong...
Read More
Arcapita Capital Company a subsidiary of Bahrain-headquartered global alternative investment firm Arcapita Group Holdings today (December 16) reached an agreement with Flow Progressive Logistics (Flow) to develop a modern class A logistics complex in Riyadh. An end-to-end supply chain management company Flow is a part of Saudi-based Alsulaiman Group. As per the deal inked during the Supply Chain and Logistics Conference held in Riyadh Arcapita will develop an 80 000 square meter mixed-use storage complex. The facility will feature various storage options including cold storage dry storage temperature-controlled facilities as well as specialized spaces for pharmaceutical and hazardous goods. Flow which provides international shipping customs clearance warehousing transportation delivery and reverse logistics will operate th...
Read More
Bareeq Al Retaj a leading real estate development company based in the Kingdom of Bahrain has partnered with Khaleeji Bank to deliver real estate financing solutions to beneficiaries of the Social Housing programs as well as individuals seeking to invest in Wahati Apartments or Ras Hayan Village. As per the deal Khaleeji one of Bahrain s leading Islamic Banks will provide financing of up to 100% of the property value at competitive profit rates and a flexible grace period as well as a projected profit rate of 4% of their salary value from Khaleeji s sharia-compliant salary account. Customers will also get to qualify for monthly draws on five prizes worth BD1 000 ( 2 634) each in addition to obtaining special discounts when shopping with their credit cards. Speaking at the signing CEO Yousif Mohamed Bucheeri said: We are pleased to be partnerin...
Read More
NEOM the sustainable region taking shape in northwest Saudi Arabia has signed a landmark investment agreement with GMT Robotics one of Europe s emerging innovators in advanced construction technology. Headquartered in Copenhagen Denmark GMT Robotics is a specialist in robotic technology tailored specifically to the rebar market. The company s robotic rebar cage assembly and handling systems deliver significant advancements in efficiency and workplace safety for the construction industry. By reducing onsite workforce requirements by an average of 90% through offsite prefabrication GMT Robotics enhances productivity while maintaining high safety standards. Spearheaded by the NEOM Investment Fund (NIF) NEOM s strategic investment arm the agreement aims to accelerate the delivery of the region s expansive capital project program through the use of ...
Read More
Ras Al Khaimah Economic Zone (Rakez) has signed a Memorandum of Understanding (MoU) with DHL Express to enhance the logistics capabilities of businesses within the Rakez ecosystem particularly small and medium enterprises (SMEs). The MoU was signed by Rakez Chief Government & Corporate Relations Officer Yaser Abdulla Al Ahmed and DHL Express UAE Managing Director Mahmoud Haj Hussein at the Rakez Compass Coworking Centre. As part of the agreement DHL Express will roll out a tailored programme for Rakez clients enabling them to access credit accounts and enjoy special incentives including a three-month onboarding benefit. Additionally SMEs will be supported by a dedicated contact person providing enhanced sales and after-sales support. Operational efficiencies Rakez Group CEO Ramy Ja...
Read More
Combined Group Contracting (CGC) said it has emerged as the lowest bidder for Jurassic production facilities project being implemented by Kuwait Oil Company. The project scope includes external works of of Jurassic production facilities as well as development of a 16-inch feeder trunk line in Umm Naqa area. CGC has submitted the lowest price of KD19.2 million ( 62.6 million) for the KOC project. The entire work will be completed in 19 months it added. ...
Read More
Riyadh Development Company (ARDCO) and Agility Logistics Parks (ALP) have signed a partnership to build a SR227 million ( 60.4 million) state-of-the-art warehousing facility at a prime location east of Riyadh. The project involves construction of 58 000 sq m of Grade A warehousing on a 97 904 sq m parcel of land in the Rimal district of Riyadh. The integrated logistics centre will be built by Agility on land owned by ARDCO. Construction is to begin in 2025 and the complex is expected to open in the first half of 2026. Promising growth sectors Jehad AlKadi CEO of ARDCO said: This partnership is part of our commitment to the Invest to Grow strategy which aims to invest in promising growth sectors providing a sustainable source of income for the company while creating added value in priority...
Read More
The 45th edition of Big 5 Global marked its opening day at the Dubai World Trade Centre where government leaders industry innovators and policymakers gathered to explore the power of construction in the Middle East Africa and South Asia (MEASA) region which boasts a 9 trillion construction projects pipeline. The successful opening of the 45th edition of Big 5 Global has been remarkable as we witnessed an inspiring day of thought-provoking discussions where leaders from across the industry came together to share insights and ideas for the future of construction said Josine Heijmans the Senior Vice President dmg events. It was also a day of tremendous business activity with companies signing new partnerships and deals showcasing the continued growth and importance of Big 5 Global as a hub for collaboration innovation and opportunity within the urban development and construction s...
Read More
GFH Financial Group has announced the launch of Outlive an innovative real estate developer and creator of master planned communities and mixed-use projects with a focus on health and well-being which will operate across the Mena region and Europe. Unveiling the project on the opening day of Cityscape Bahrain a key real estate and property event being held at Exhibition World Bahrain in Sakhir GFH said Outlive leverages the combined expertise and capabilities of the Group and its management team with proven expertise in development design and conceptualization of living communities. The new venture will operate in Europe and the Mena region with a particular focus on the growing and attractive Saudi as well as the UAE markets where there is strong demand for such focus and need for communities that deliver well-being attributes in addition to physical appeal it stated. &...
Read More
ALEC part of the Investment Corporate of Dubai (ICD) and a leading construction and related businesses group operating in the UAE and Saudi Arabia has launched its Robotics Strategy focused on transforming core construction processes through the use of cutting-edge automation solutions. The programme was unveiled at its annual Innovation Day event which featured a curated set of 14 construction robotics companies from across the globe that are pioneering the field. Aligning with the company s broader Innovation Agenda it will see ALEC forge partnerships with global robotics leaders to implement innovative solutions in its construction projects as well as to bring these technologies to the region thereby elevating the sector as a whole. Describing how through this strategy ALEC is demonstrating its commitment to supporting government initiatives in ...
Read More
Gulf Warehousing Company a leading logistics group in the region has announced that its wholly-owned subsidiary GWC Energy Services has signed a deal with Saudi Offshore Fabrication Company (OFC) to develop 100 000 sq m of Grade A logistics facilities at Ras Al Khair Industrial Port. Under this agreement GWC Energy Services will develop OFC s storage and logistics facilities leveraging its expertise in logistics and energy supply chain solutions to ensure the facilities are optimized to serve the clients needs. This collaboration represents a significant step in our expansion strategy and reinforces our commitment to strengthening our footprint in the Saudi market. Recently GWC has also signed a head of Terms with GFH Financial Group (GFH) to develop 200 000 sq m of Grade A logistics facilities across key locations in Saudi Arabia including Riyadh Jedda...
Read More
MAG Group Holding the multinational conglomerate has announced its portfolio of current and under development projects across its different real estate subsidiaries has reached AED 43.7 billion ( 11.9 billion). MAG Group Holding s real estate subsidiaries include MAG Lifestyle Development Keturah Invest Group Overseas (IGO) MBL Shoumous Art of Living Mall and MAG Leasing for warehouses. Moafaq Al Gaddah Founder and Chairman of MAG Group Holding said: The UAE s real estate sector is witnessing unprecedented demand driven by the strategic vision and initiatives of our wise leadership. The government s ongoing efforts to foster a favourable investment climate have made the UAE a preferred investment destination for global investors. We take pride in our extensive portfolio of developments that cater to diverse audiences adding value to the already thriving sector. At MAG G...
Read More
Jadwa Investment a leading investment management and advisory firm in Middle East has awarded contracts worth SAR9 billion ( 2.4 billion) to address the growing demand for quality residential commercial and mixed-use spaces in the kingdom. These agreements were signed with key developers - Real Estate Development Fund (REDF) Dar Al Majed Company and Zood Real Estate - at Cityscape Global 2024 held last week in Riyadh said the Saudi group in a statement. Through these Riyadh-based projects Jadwa aims to contribute to the capital s rapid development as a global economic and cultural hub it added. Headquartered in Riyadh with three regional offices Jadwa Investment has over SAR90 billion ( 24 billion) in client assets under management and advisement. Its clients include government entities local and international institution...
Read More
Merlin Real Estate a prominent real estate advisory firm with deep roots in Dubai is participating in Cityscape Bahrain later this month to put the spotlight a selection of premium projects from renowned developers such as Emaar and Nakheel. The company is promoting projects like Emaar Terra Heights and Palm Jebel Ali highlighting their potential for high returns on investment. Using the Cityscape platform Merlin Real Estate aims to tap into Bahrain s growing real estate market and offer investors access to sought-after properties in the emirates. Speaking to Gulf Construction Rohit Bachani Co-Founder of Merlin Real Estate emphasised the evolving landscape of real estate in the Mena region and highlighted the need for trusted advisory services to navigate the complex market and identify the best investment opportunities. Bachani elaborates: Premium developers such as Emaar and Nakheel are launching multi-billion-doll...
Read More
Merlin Real Estate, a prominent real estate advisory firm with deep roots in Dubai, is participating in Cityscape Bahrain later this month to put the spotlight a selection of premium projects from renowned developers such as Emaar and Nakheel.
The company is promoting projects like Emaar Terra Heights and Palm Jebel Ali, highlighting their potential for high returns on investment. Using the Cityscape platform, Merlin Real Estate aims to tap into Bahrain’s growing real estate market and offer investors access to sought-after properties in the emirates.
Speaking to Gulf Construction, Rohit Bachani, Co-Founder of Merlin Real Estate, emphasised the evolving landscape of real estate in the Mena region and highlighted the need for trusted advisory services to navigate the complex market and identify the best investment opportunities.
Bachani elaborates: “Premium developers such as Emaar and Nakheel are launching multi-billion-doll...
Experts will convene at Scalex at Logimotion to discuss the innovations shaping the future of global supply chain and logistics. Over 40 speakers and 150 delegates are expected to attend the conference which will be held at the inaugural edition of Logimotion from December 10 to 11. Scalex will showcase advancements in data analytics robotics and automation artificial intelligence blockchain and IoT offering insights into how these technologies enhance supply chain resilience visibility and control. In addition the event will underscore the critical importance of sustainability and explore green practices and strategies. Commenting ahead of Scalex Dishan Isaac Exhibition Director of Logimotion said: Logimotion is committed to driving innovation collaboration and growth across the international logistics mobility and supply chain sectors by offering a dynamic platform for industry...
Read More
Asteco s Q3 2024 real estate report reveals a dynamic UAE property market characterised by sustained growth in Abu Dhabi continued momentum in Dubai and increasing activity in the Northern Emirates. According to the report the Abu Dhabi market is well-positioned for growth driven by new developers entering the market and a significant pipeline of planned developments. The report also shows that the Dubai government s proactive approach to enhancing the Emirate s physical social technological and legal infrastructure combined with robust underlying fundamentals is expected to contribute to solid market conditions and resilience against external factors. Abu Dhabi residential and office market According to the report approximately 950 residential units were completed a...
Read More
The Sharjah Airport International Free Zone (Saif Zone) has signed a lease agreement with EMX the logistics arm of 7X for the lease of their new 6 500 square-foot logistics warehouse. The agreement was signed by Saud Salim Al Mazrouei Director of Saif Zone and Tariq Alwahedi General Manager of EMX during a ceremony attended by officials and executives from both sides. Advanced logistics systems The agreement aims to enhance EMX s operational infrastructure further strengthening its express delivery and parcel services across the UAE. Within the new warehouse EMX will integrate advanced logistics systems digital solutions and modern technologies to streamline and automate key operations to increase efficiency and accuracy throughout its network. These enhancements will enable EMX to further elevate service quality and reduce deli...
Read More
Infracorp a leading specialised company investing in the infrastructure and sustainability development sector will be showcasing its diverse portfolio of real estate and development projects both within Bahrain and beyond at the upcoming Cityscape Bahrain 2024 real estate xpo. Being held under the patronage of HRH Prince Salman bin Hamad Al Khalifa Crown Prince and Prime Minister Cityscape Bahrain 2024 will open its doors on November 26 at the Exhibition World Bahrain and run for the next four days. This participation follows the remarkable success the company achieved at the previous edition said a statement from Infracorp. Additionally the Bahrain-based investment group will be joining the Cityscape Riyadh 2024 exhibition to be held on November 11 at the Riyadh International Convention and Exhibition Centre as part of the dedicated Bahrain pavilion organised by the ...
Read More
In a major move the northern emirate of Umm Al Qaiwain has announced plans for the establishment of a logistics city and an airport specially for cargo activities; a key step towards achieving the emirate s Vision 2033 to boost its position as a global hub for logistics services. The plan for Logistics City and Umm Al Qaiwain Cargo Airport came up at the UAQ Executive Council s meeting held today (November 5) under the chairmanship of Sheikh Rashid bin Saud bin Rashid Al Mu alla the Crown Prince of Umm Al Qaiwain reported Wam . The meeting took place as part of the UAE Government Annual Meetings 2024 in Abu Dhabi. The Logistics City is an integrated area that supports transportation and trade movements facilitating logistical operations and connections between different modes of transport. The city with its modern ...
Read More
Technology has played a vital role in enabling real estate brokers and agents to provide an exceptional buyer experience and facilitate the completion of crucial deals with both local and international investors in the UAE realty market. By leveraging the enormous benefits of a cloud-based omni-channel contact center that features advanced communication tools and AI-powered chatbots real estate agents can provide personalised and automated customer communication support resulting in enhanced customer engagement and improved sales performance. CRM tools centralise customer data enabling agents to track interactions manage leads effectively and tailor their approach to individual clients explains Sabah Corm Marketing and Innovations Director of IT Max Global a leading service provider in the IT sector. Additionally AI-driven analytics offer valuable insights into market trends allowing...
Read More
Dubai South the largest single-urban master development focusing on aviation logistics and real estate and Indu Kishore Logistics broke ground on a new facility that will be built at Dubai South s Logistics District. This development marks a significant milestone in the company s expansion plan supporting its ambition to evolve into a multi-industry logistics leader. The groundbreaking ceremony was attended by AbdulBasit AlMarzouqi Deputy CEO of the Logistics District Dubai South and Kishore Lakhani Chairman Indu Group in the presence of senior executives from both entities. Completion in Q3 2025 The facility spanning approximately 23 000 sq m and with a storage capacity of 75 000 pallets is scheduled for completion by Q3 2025. Designed to handle spare par...
Read More
GFH Financial Group (GFH) a leading financial institution with a strong focus on logistics sector based in Bahrain has signed a Head of Terms with Gulf Warehousing Company (GWC) one of the region s top logistics providers. The collaboration will see GFH power GWC s expansion plans by developing 200 000 sq m Grade A logistics facilities across key locations in Saudi Arabia including Riyadh Jeddah and Dammam. As part of the Head of Terms GFH will finance and oversee the development of these state-of-the-art logistics spaces tailored to meet GWC s specific operational requirements while GWC will lead the technical development of these facilities while being the anchor tenant once completed. GWC will leverage its expertise in logistics and supply chain solutions to ensure the facilities are optimized to serve the clients needs...
Read More
Dubai s growing assembly of more than 22 900 real estate brokers can combine to help build the greatest city in the world through a shift to more collaborative practices. That is the vision behind a first of its kind educational programme aimed at transforming the Dubai property market with brokers maintaining healthy ethical competition while also forging partnerships that benefit the broader community. Launched by Firas Al Msaddi CEO of fäm Properties the Real Estate Blueprint offers a series of unique events and training initiatives combining to create a community hub for brokers focused on learning networking and building professional skills. Game Changers The first of these events The Game Changers drew almost 3 000 paying real estate professionals to the Coca Col...
Read More
United Real Estate Development Company one of the fastest growing shopping mall developer in Saudi Arabia has announced that it has bought a 2 700 sq m plot of land within the Al Narjis neighbourhood in the kingdom for SAR27 million ( 7.2 million). The plot which was purchased from Ahmed bin Mohammed bin Othman will be used for future development of a residential project on it said United Real Estate Development Company in its filing to Saudi bourse Tadawul. The Saudi developer has inked a facility agreement with Al Rajhi Bank for shari a-compliant banking facilities to fund 66% of the cost of buying land.- TradeArabia News Service ...
Read More
Dubai Real Estate market witnessed a robust performance across both residential and commercial sectors during Q3 2024 a report said. Dubai s real estate market continues to attract global interest with combined residential and commercial sales reaching AED138.8 billion ( 37.79 billion) for the quarter said the report by Engel & Völkers Middle East known for its residential and commercial real estate services in the premium segment. Residential transactions surged by 40.8% year-on-year contributing AED115.6 billion while the commercial market added AED23.2 billion in sales reflecting a 28% increase in total transaction value compared to the same period in 2023. Dubai s thriving real estate market is buoyed by strong economic fundamentals rising foreign investment and the emirate s appeal as a destination for high-net-worth individuals and businesses...
Read More
Aramex a leading global provider of comprehensive logistics and transportation solutions has joined hands with ZK Holding a leading investment company operating in Abu Dhabi to set up a new venture aimed at providing fully integrated services including domestic and international courier freight forwarding and contract logistics aimed at supporting both local and international businesses in Iraq. Through this joint venture Aramex will significantly expand its existing footprint in the country by tapping into ZK Holding s extensive reach including access to over 7 000 points of sales across Iraq enabling widespread pick-up and drop-off services said the logistics group in a statement. This network will help facilitate smoother logistics operations in more than 15 cities across the country it stated. Combining Aramex s expertise and global network with Z...
Read More
Kleindienst Group a leading global business conglomerate and master developer behind The Heart of Europe on Dubai s World Islands has achieved a major construction milestone with the topping out of The Artist Hotel an innovative luxury hub designed for global artists. The Artist Hotel an innovative luxury hub designed for global artists has reached the rooftop level of its construction. This achievement marks key steps toward realising Kleindienst Group s ambitious vision of The Heart of Europe as a world-class destination that embodies luxury sustainability and innovation. Josef Kleindienst Founder and Chairman of Kleindienst Group commented We are delighted to celebrate this key construction milestone at The Heart of Europe development. The Artist hotel is a flagship project that reflects our commitment to creating a destination where art culture and luxury meet. This develop...
Read More
CEVA Logistics a global leader in third-party logistics and Almajdouie Logistics a leading end-to-end logistics solutions provider in the Middle East signed the final agreement to create a joint venture in the Kingdom of Saudi Arabia (KSA). The signing took place during the inaugural Global Logistics Forum in Riyadh. First announced in July 2024 and subsequently approved by the relevant Saudi authorities the newly created joint venture CEVA Almajdouie Logistics will leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia to support the Kingdom s growing logistics sector and overall economy. CEVA Logistics controls a majority stake of the joint venture. With a presence in Saudi Arabia since the 1980s CEVA Logistics has collaborat...
Read More
The Global Logistics Forum (GLF) hosted by the Ministry of Transport and Logistic Services has commenced following a series of closed door think tank sessions over the weekend. Held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud the GLF seeks to reshape the logistics industry through global collaboration. Key players from across the sector have gathered in Riyadh to discuss challenges and share knowledge to strengthen the industry s efficiency resilience and sustainability in an increasingly interconnected world. Logistics Diwan The forum commenced with a Logistics Leader Diwan which offered a platform to global leaders across the world to discuss the latest trends in logistics growth. The plenary sessions were opened by a speech from Eng Saleh bin Nass...
Read More
The Global Logistics Forum (GLF) hosted by the Saudi Ministry of Transport and Logistic Services has announced its partners for the upcoming event taking place in Riyadh from October 12 to 14 2024. Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud the inaugural event looks to see unprecedented international collaboration and reshape the map of global logistics. At its core GLF will serve as a dedicated platform for uniting logistics ecosystem partners to enhance the efficiency resilience sustainability and profitability in a globalised world. GLF s global partners share the event s goal of uniting all corners of the logistics sector helping to deliver a one-of-a-kind event to 10 000 attendees. An event backed by its own ecosystem partners include the likes of aviation entities such as Saudia Group Saudi Arabia s port supervisors ...
Read More
Logimotion a new exhibition for the international logistics and mobility sectors will host three pivotal conferences featuring industry leaders worldwide. The event will take place at the Dubai World Trade Centre from December 10 to 11 and will coincide with Automechanika Dubai. Logimotion will showcase technologies and solutions within mobility and logistics while fostering industry insights through engaging conference sessions at Scalex the Global Trade and Infrastructure Summit and the TransMobility Forum. The inaugural Scalex conference is themed Charting the Course of Global Excellence and will explore supply chain innovations including robotics blockchain Artificial Intelligence (AI) next-generation automation and cybersecurity. Deep dive The global symposium offer...
Read More
NMDC Group one of the leading companies providing dredging reclamation and marine construction projects in the Middle East has secured a AED5.1 billion ( 1.36 billion) contract from UAE-based Modon Company for one of its projects in Abu Dhabi. The scope of work includes provision of marine dredging reclamation and ground improvement works for the project said NMDC in its filing to the Abu Dhabi Exchange (ADX). This contract win for NMDC Group comes close on the heels of its securing a 200 million marine dredging works order from Abu Dhabi National Oil Company (Adnoc) in August for an LNG project. The Emirati group (formerly known as National Marine Dredging Company) has a strong track record of delivering major projects with innovative and cost-effective solutions. Backed by Alpha Dhabi Holding a subsidiary of International ...
Read More
Savoye a leading one-stop-shop integrator of automated warehouse solutions and software publisher will showcase its innovative offerings and ODATiO software to the Middle East and UAE market at Gitex 2024 from October 14 to 18. These supply chain and logistics solutions assist businesses in optimising their operations boosting efficiency and capitalising on emerging opportunities thereby meeting the region s evolving demands. Savoye will be co-exhibiting with Incube in the latest edition and aims to network with industry experts strengthen existing partnerships and explore new avenues for collaboration in the logistics and supply chain industry. They will showcase to businesses the upgraded version of Savoye s flagship software application ODATiO which now features an integrated Order Management System (OMS). Evolvi...
Read More
Ajex Logistics Services (Ajex) a leading specialist in express distribution and shipping solutions has partnered with prominent logistics brand Widect a 100% subsidiary of Turkish Airlines and highly valued partner in e-commerce space. This agreement aims to expand shipping solutions on the Turkiye-(formerly Turkey)-to-Middle East route and enhance last-mile delivery services for the growing e-commerce sector across Mena. As a 100% subsidiary of Turkish Airlines Widect operations integrate the extensive flight network of Turkish Airlines providing access to 340 destinations worldwide. Thanks to this latest collaboration Ajex customers will benefit from daily flights between Istanbul and Riyadh Jeddah and Dammam enhancing the speed of services including last-mile deliveries. Last-mile expertise M...
Read More
Saudi-based Makkah Construction and Development Company has announced that it has entered into a deal with 57 shareholders of First Avenue Real Estate Development Company to buy a strategic 30.13% stake in the company for a total value of SAR341 million ( 91 million). The agreements with the principal shareholder of First Avenue Nader bin Hassan bin Atallah Al Amri Dar Al Majed Real Estate Company and First Avenue include an obligation on them to take necessary actions to complete the initial public offering (IPO) of First Avenue and to obtain the necessary approvals for publishing the supplementary prospectus related to the Transaction and also include a restriction on the disposal of shares for the principal shareholder said Makkah Construction in its filing to the Saudi bourse Tadawul. Under this Makkah Construction acquired a total of 56.8 million ordinary shares of First Avenue ...
Read More
UAE s real estate market which is predicted to reach a value of AED2.5 trillion ( 680 billion) by 2024 end continues to garner strong demand from investors from all over the world. The growing surge is due to various factors with the off-plan market being the major contributor and responsible for 65% of overall sales transactions for the month of August 2024 a 54% volume increase from what was recorded during the same period last year said QUBE Development a renowned international real estate developer. This sector s growth is spearheaded by the increasing influx of high-net-worth individuals (HNWIs) who have entered the market looking for strong investment opportunities with a focus on the luxury property sector primarily in the off-plan market where a high number of ultra-luxury projects and megaprojects are currently under way. span style=...
Read More
As Saudi Arabia marks its 94th National Day today (September 23) celebrating a remarkable transformation since the launch of Vision 2030 the construction industry is playing a pivotal role in preserving the nation s heritage while shaping its future said a leading player in the sector. A prime example of this balance is the Diriyah Project a 63 billion development transforming the birthplace of the Saudi kingdom. The project features Riyadh limestone a sustainable and locally sourced material that blends seamlessly with the region s traditional architecture says Wajdi Marroun the Managing Director of Versatile International which is providing destination-scale developers with a stone management consultancy and project oversight service. Diriyah s pale sandy-hued mud-brick and stone buildings pay homage to its rich architectural heritage blending tradition with modern vision. Versatile International has been instrumental in incorp...
Read More
As Saudi Arabia marks its 94th National Day today (September 23), celebrating a remarkable transformation since the launch of Vision 2030, the construction industry is playing a pivotal role in preserving the nation's heritage while shaping its future, said a leading player in the sector.
A prime example of this balance is the Diriyah Project, a $63 billion development transforming the birthplace of the Saudi kingdom. The project features Riyadh limestone, a sustainable and locally sourced material that blends seamlessly with the region's traditional architecture, says Wajdi Marroun, the Managing Director of Versatile International, which is providing destination-scale developers with a stone management consultancy and project oversight service.
Diriyah’s pale, sandy-hued mud-brick and stone buildings pay homage to its rich architectural heritage, blending tradition with modern vision.
Versatile International has been instrumental in incorp...
Jubail Island Investment Company (JIIC) has awarded a construction contract worth AED400 million ( 109 million) to Bright Accord General Contracting Company for the Jubail Town Centre in Souk Al Jubail the commercial and retail hub of Jubail Island. Strategically positioned at the heart of Jubail Island within Souk Al Jubail village Jubail Town Centre is a family-friendly lifestyle destination offering a modern vibrant environment that seamlessly blends wellbeing connectivity leisure retail and commercial services. On completion the Jubail Town Centre will boast a curated blend of retail F&B residential commercial offices a central plaza and top-class amenities to cater to all lifestyle needs including four office buildings and two residential buildings - Jubail Terraces buildings 7 and 8 said a statement from JIIC. The Town Centre will feature beautifu...
Read More
Nakheel a member of Dubai Holding Real Estate has awarded an AED1.8 billion ( 490 million) contract to Alec Engineering & Contracting for the construction of its exclusive residential tower Como Residences on the Palm Jumeirah. Scheduled for handover in Q2 2028 the 75-storey residences will stand over 300 m tall and offer its residents 81 units ranging from two- to seven-bedroom apartments including a spacious duplex penthouse. A maximum of two apartments occupy each floor providing an exclusive lifestyle for residents served by access-controlled elevators leading to private lobbies said the Dubai developer in its statement. This distinctive design means that each apartment enjoys a breathtaking 180-degree view of the sea and skyline while apartments placed from level 23 and above have an extraordinary 360-degree panoramic view of Jumeirah Burj Al Arab to t...
Read More
The Arab Shipbuilding and Repair Yard Company (ASRY) the leading ship and rig repair yard in the Arabian Gulf has concluded its participation in the fifth edition of the Saudi Maritime & Logistics Congress 2024. The event was held in Dhahran Expo Dammam Kingdom of Saudi Arabia from September 18 to 19. This conference is one of the largest regional gatherings of industry professionals in the maritime shipping and logistics sectors. It features a group of prominent speakers from industry leaders at both regional and international levels. The Saudi Maritime Congress serves as a gateway to the marine assets market in the Kingdom of Saudi Arabia and the wider region remarked Wael Mirza The Strategic Development Manager at ASRY. Founded in 1977 in the Kingdom of Bahrain ASRY is the Arabian Gulf s most exper...
Read More
The fischer Group of Companies a renowned German multinational manufacturer specialising in fastening products for the construction and DIY industry has reaffirmed its commitment to sustainable growth and international expansion. Operating through 52 subsidiaries with over 4 700 employees fischer recently hosted its second International Expert Forum (IEF) in Dubai. The event gathered industry leaders partners and experts to explore advancements in construction focusing on sustainability innovation and digital transformation. The forum emphasised fischer s commitment to sustainable construction practices. Attendees were introduced to the company s latest eco-friendly solutions aligning with global efforts to reduce the environmental impact of the industry. We are thrilled to host the IEF in Dubai a city recognised for its forward-thinking growth said Dr Ronald Mihala from fischer ...
Read More
Saudi Arabia s substantial investments in infrastructure developments and giga projects continue to drive growth and resilience in the kingdom s real estate market with 27 500 residential units delivered in Riyadh and Jeddah in H1. This increases the total stock to about 1.46 million units in the capital and 891 000 units in Jeddah. Around 16 000 units each will be added to the stock in the two cities later this year. JLL s latest KSA Real Estate Market Dynamics Report states that the residential and hospitality sectors stood out for their strong performance in H1 2024 supported by the government s efforts to boost home ownership and the introduction of tourist visas the expansion of entertainment offerings and the promotion of sports and new experiences to position the kingdom as a global leisure destination. Residential sale prices experienced a noteworthy 10% year-on-year increase in ...
Read More
Saudi Arabia s Vision 2030 is driving a staggering 1.3 trillion in investments across the kingdom s real estate infrastructure and transportation sectors with 164 billion worth of real estate contracts awarded the largest of which is for Neom ( 28.7 billion) said a report. Over 1 million new homes are planned by 2030 with around 4% already completed. 32.5% of the kingdom s new housing stock is planned in the capital according to Knight Frank s Saudi Arabia Giga Projects Report 2024. The tourism sector is set to soar aiming for 150 million visitors annually by 2030. With 362 000 new hotel rooms planned or under construction. Saudi Arabia welcomed 27.4 million international visitors in 2023 ranking it the 13th most visited country. These ambitious giga projects are reshaping the kingdom s urban landscape tourism and commercial sectors setting the...
Read More
Gulf Warehousing Company (GWC) has been selected as the National Winner for Qatar in the Industrial Project of the Year category of this year s 2024 MEED Projects Awards. This prestigious recognition qualifies the company for the next phase where the Mena regional winners will be announced on November 20. GWC Managing Director Shaikh Abdulla Bin Fahad Bin Jassim Bin Jaber Al Thani said: We are honoured to receive the Industrial Project of the Year award a recognition that reflects the significance of Al Wukair Logistics Park in contributing to the diversification of Qatar s economy by supporting micro small and medium-sized enterprises (MSMEs). He added: Al Wukair Logistics Park serves as a successful public-private partnership model. As GWC is tasked with the construction operation and transfer (BOT) of the logistics park under a public-private-partner...
Read More
The Global Logistics Forum (GLF) hosted by the Ministry of Transport and Logistic Services is set to gather industry leaders innovators and decision-makers in Riyadh from October 12 to 14 at the King Abdullah Financial District. The event expecting over 10 000 attendees will tackle some of the world s biggest logistics challenges focusing on infrastructure investment supply chain resilience sustainability and the future of logistics technology. Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud GLF 2024 will foster unprecedented international collaboration at a time of rapid transformation in the global logistics sector. New logistics hubs Saudi Arabia s recent advancements including new logistics hubs and growing influence over global tra...
Read More
Construction and building activities in the UAE experienced a growth rate of 6.2 percent during the first quarter of this year compared with the same period last year according to the preliminary estimates issued by the Federal Competitiveness and Statistics Centre (FCSC). This growth reflects the several development projects initiated by the UAE government in early 2024. The sector saw a substantial rise in the government s public capital expenditures reaching AED4.8 billion ( 1.31 billion) said a Wam news agency report quoting the data. The UAE s real GDP reached AED430 billion ( 117.07 billion) in Q1 2024 recording a remarkable growth of 3.4 percent compared to the same period in 2023 according to the FCSC estimates. The non-oil GDP grew by 4 percent compared to the same period last year a Wam news agency report said. Construction a...
Read More
Azizi Developments a leading private developer in the UAE has announced the completion of 40% construction of Beach Oasis its vibrant mixed-use community located in Dubai Studio City. Beach Oasis is scheduled for handover in Q2 of 2025. The structural build has now reached 96% while its blockwork MEP internal plastering and HVAC have reached 50% 19% 14% and 16% respectively with the total workforce having been increased to 1 318. Comprising 476 studios 200 one-bedroom homes and 36 two-bedroom residences spread across two buildings Beach Oasis is a modern low-rise residential community that also features an outstanding array of amenities including a large beach-like swimming pool the highlight of the project s central courtyard fully equipped gymnasiums landscaped gardens children s play areas and a central square with a multitude of retail options for the conveni...
Read More
Construction has kicked off at a rapid pace on Phase One of the SAR7.3 billion ( 1.95 billion) groundbreaking mixed-use development The Avenues - Khobar in the Eastern Province of Saudi Arabia following the award of the construction contract to a Saudi-Kuwait joint venture last month (August). The contract was awarded by the developer Shomoul Holding Company - a subsidiary of Kuwait-based developer Mabanee - to a joint venture of Saudi group AlKifah Contracting Company and Kuwait-based Al Ahmadiah Contracting. Working alongside Kuwait-based regional architecture and engineering firm Pace the JV is working to bring to life this visionary project which is set to transform the landscape of Al Khobar city. In December 2023 Shomoul Holding signed an agreement with a banking consortium and the Saudi Tourism Development Fund to finance the first phase of the project. Led by Arab National Bank the banking consortium includes Saudi Awwal Bank (SAB) Riyad Bank and N...
Read More
Construction has kicked off at a rapid pace on Phase One of the SAR7.3 billion ($1.95 billion) groundbreaking mixed-use development, The Avenues - Khobar in the Eastern Province of Saudi Arabia, following the award of the construction contract to a Saudi-Kuwait joint venture last month (August).
The contract was awarded by the developer Shomoul Holding Company - a subsidiary of Kuwait-based developer Mabanee - to a joint venture of Saudi group AlKifah Contracting Company and Kuwait-based Al Ahmadiah Contracting. Working alongside Kuwait-based regional architecture and engineering firm Pace, the JV is working to bring to life this visionary project which is set to transform the landscape of Al Khobar city.
In December 2023, Shomoul Holding signed an agreement with a banking consortium and the Saudi Tourism Development Fund to finance the first phase of the project. Led by Arab National Bank, the banking consortium includes Saudi Awwal Bank (SAB), Riyad Bank, and N...
Noatum Logistics an AD Ports Group company and a leading logistics provider has announced the launch of its new rail logistics solution for the Middle East region. The new offering which complements Noatum Logistics integrated regional portfolio of freight forwarding products leveraging land sea and air transport was inaugurated with the launch of its first rail shuttle service between Khalifa Port and Fujairah Terminals. The shuttle service which uses the UAE s national railway developed and operated by Etihad Rail aims to add significant capacity to the regional logistics network and provide optionality to customers transporting large volumes of overland freight. Weekly services Specifically the service will offer weekly departures capable of carrying of up to 156 Twenty-Foot Equi...
Read More
Saudi Aramco in collaboration with leading real estate company ROSHN has announced the commencement of construction on Aramco Stadium Al Khobar s new 47 000-spectator stadium. The stadium is planned to meet international standards for the world s premier football competitions such as the 2027 AFC Asian Cup the FIFA World Cup 2034 which Saudi Arabia is bidding to host as well as other showpiece entertainment events. Dar Al-Handasah Consultants (Shair and Partners) Dar was responsible for developing and delivering the detailed design of this iconic new stadium actualising the signature architect s vision of a stunning new structure inspired by the natural environment. Dar also delivered the detailed design of the mixed-use masterplan facilities and infrastructure. Detailed de...
Read More
Konvi Europe s leading luxury assets fractional investment platform has announced plans to enter the real estate market in the UAE opening up investment opportunities in the country s luxury property boom to all. The UAE s luxury real estate scene is thriving and is expected to grow throughout 2024 despite a weakening outlook on the property market globally. Dubai s property scene is taking off with home values rising for 15 consecutive quarters and skyrocketing 20% for the year up to May while rents have climbed for 13 straight quarters a company statement said. In Abu Dhabi the all-residential property price index soared by 7.53% in Q1 2024 from a year earlier. Demand is surging with both cities shattering record highs for transactions in 2023 driven by strong economic fundamentals government initiatives and increasing demand from global investors. The UAE is solidifying its st...
Read More
Over the years the incorporation of digital technology in the construction sector and modern methods of construction have been considered crucial for closing critical gaps and increasing productivity. In the How We Build Now report done by Procore 80 percent of decision-makers stated that due to the volatility of the current industry and the economy the level of investments in digital transformation has increased in the previous three to six months. It shows a significant trend toward prioritising technological advancements to drive growth and efficiency within the sector. This is evident in the UAE where government entities such as Dubai Municipality and leading construction technology providers such as Procore have kept pace with the shifting tides of the sector to address concerns and at the same time support and enhance project efficiency delivery collaboration safety profitability and c...
Read More
Swisslog a global leader in innovative robotic data-driven and flexible automated solutions will present a dynamic demo of its cutting-edge solution AutoStore at Saudi Logistics Expo 2024 from September 2 to 4. The demo is expected to provide visitors with an opportunity to experience firsthand the efficiency and precision of automated storage and order processing. The expo is Saudi Arabia s largest platform dedicated to supply chain warehousing and logistics bringing together over 11 000 industry professionals and showcasing the latest in innovative technologies and solutions. New standards Swisslog will show how AutoStore integrates with existing infrastructures effortlessly meeting the surging demand for rapid precise and reliable order fulfilment. As a leading global and regional logistics provide...
Read More
Diyar Al Muharraq Bahrain s largest real estate firm has appointed ASK Real Estate to provide comprehensive executive management support services for the Al Naseem Community. ASK Real Estate will oversee daily operations maintain common areas and offer strategic advice on community management. The company has also been entrusted to manage all financial aspects related to the community s operations. Held at Diyar Al Muharraq headquarters the signing ceremony for this collaboration was attended by Majed Al Khan Chairman of the Board of Directors of ASK Real Estate Karim Yazji Chief Executive Officer of ASK Real Estate Eng Ahmed Ali Alammadi Chief Executive Officer of Diyar Al Muharraq and other officials from both companies. Vibrant safe and well-managed Al Khan said: We are deligh...
Read More
The Endowments and Awqaf and Minors Affairs Foundation (AWQAF Dubai) has announced the development of 21 endowment real estate projects valued at over AED202 million ( 55 million) in line with Dubai s commitment to expand and diversify endowment investments a report said. These projects include malls residential buildings shops and mosques which are currently at various stages of design and implementation Emirates News Agency WAM said. The endowment real estate projects encompass a range of purposes including educational and humanitarian buildings general charitable contributions and mosque endowments. These projects are funded via contributions and donations from endowment backers in addition to the reconstruction portfolio. AWQAF Dubai said that construction timelines for the 21 endowment projects range from one to two years. The developments are strategically located in key areas of central Dubai. ...
Read More
The Endowments and Awqaf and Minors Affairs Foundation (AWQAF Dubai) has announced the development of 21 endowment real estate projects valued at over AED202 million ($55 million), in line with Dubai’s commitment to expand and diversify endowment investments, a report said.
These projects include malls, residential buildings, shops, and mosques, which are currently at various stages of design and implementation, Emirates News Agency, WAM, said.
The endowment real estate projects encompass a range of purposes, including educational and humanitarian buildings, general charitable contributions, and mosque endowments.
These projects are funded via contributions and donations from endowment backers, in addition to the reconstruction portfolio.
AWQAF Dubai said that construction timelines for the 21 endowment projects range from one to two years. The developments are strategically located in key areas of central Dubai.
...
Savoye a leading global warehouse automation integrator and software publisher will showcase its comprehensive suite of advanced solutions at the first edition of the Saudi Warehousing & Logistics Expo Riyadh. The event from September 2 to 4 2024 is poised to drive the adoption of advanced technologies within the Kingdom of Saudi Arabia s (KSA) supply chain and logistics sector. Prominent industry leaders and innovators will convene at the event spearheading crucial discussions on the industry s future. Savoye will leverage this platform to showcase its advanced solutions designed to address fulfilment challenges in logistics sector with a focus on retail eCommerce pharma grocery and small parts distribution. Beyond these industry-specific solutions Savoye will highlight its advanced warehouse automation (goods-to-person robotics systems ASRS packing machines conveyors etc...
Read More
Gulf Warehousing Company (GWC) one of the fastest-growing logistics businesses in the Mena region has announced that its wholly-owned subsidiary FLAG Logistics has received four prestigious ISO certifications. FLAG Logistics has been awarded ISO 28000:2022 for Security Management System (SMS) along with three ISO Certifications for its Integrated Management System (IMS) which includes ISO 9001:2015 for Quality Management System (QMS) ISO 14001:2015 for environmental management systems (EMS) and ISO 45001:2018 for occupational health and safety management systems a GWC release said. These certifications were granted following a rigorous external audit during which the company demonstrated full compliance with all requirements. Best practice framework The ISO 28000 - 2022 standard provides a best pract...
Read More
The Saudi Real Estate Refinance Company (SRC) a subsidiary of the Public Investment Fund has signed a memorandum of understanding (MoU) with the US BlackRock conglomerate in New York City to develop products in the real estate finance market in Saudi Arabia and increase the share of businesses in the real estate sector capital markets. The MoU was signed on the sidelines of the official visit of Saudi Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail who is also SRC Board of Directors Chairman said a Saudi Press Agency report. The minister and his accompanying delegation are in the US to discuss ways to boost Saudi-American partnerships in the urban development construction building finance and real estate development sectors. The agreement was signed by SRC CEO Majid Fahd Al-Abduljabbar and General Manager of BlackRock in the Middle and CEO of BlackRock...
Read More
The real estate sector across the GCC region is expected to maintain its upward momentum reinforced by strong macroeconomic fundamentals supportive government policies and increasing investor interest according to industry expert Markaz Real Estate In its latest real estate reports Markaz has forecast a positive outlook for the real estate markets in Kuwait Saudi Arabia and the UAE in H2 2024. The scores in the Markaz GCC Macro Index for the second half of 2024 are projected at 3.5 for Kuwait 3.7 for Saudi Arabia and 3.6 for UAE. These comprehensive reports developed by Markaz Mena Real Estate team and Marmore Mena Intelligence the research arm of Markaz offer a detailed analysis of the real estate sector s performance during H1 2024 and present an optimistic forecast for H2 2024. The positive projections are based o...
Read More
The Saudi Real Estate Refinance Company (SRC) a Public Investment Fund (PIF) Company signed a memorandum of understanding (MoU) in New York City on August 23 with King Street Capital Management to foster cooperation and strategic partnership between the two parties in the real estate finance sector. The MoU signed by Majeed Fahd Al-Abdul Jabbar CEO of the SRC and Brian J Higgins Managing Partner of King Street was part of a visit of the Minister of Municipalities and Housing and Chairman of SRC Majed bin Abdullah Al-Hogail to the United States. The visit hopes to explore ways to enhance partnership and cooperation between the two countries in the sectors of urban development construction building finance and real estate development. The memorandum aims to diversify liquidity sources to support the secondary real estate finance market s stability foster economic growth and attract more foreign investments to the Saudi market which in...
Read More
The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) Company, signed a memorandum of understanding (MoU) in New York City on August 23, with King Street Capital Management, to foster cooperation and strategic partnership between the two parties in the real estate finance sector.
The MoU signed by Majeed Fahd Al-Abdul Jabbar, CEO of the SRC, and Brian J Higgins, Managing Partner of King Street, was part of a visit of the Minister of Municipalities and Housing, and Chairman of SRC, Majed bin Abdullah Al-Hogail, to the United States.
The visit hopes to explore ways to enhance partnership and cooperation between the two countries in the sectors of urban development, construction, building, finance, and real estate development.
The memorandum aims to diversify liquidity sources to support the secondary real estate finance market's stability, foster economic growth, and attract more foreign investments to the Saudi market, which in...
AP Moller Maersk (Maersk) a global shipping major headquartered in Denmark has announced that it has joined hands with Saudi General Ports Authority of Saudi Arabia (Mawani) for opening of its largest logistics park in the Middle East at Jeddah Islamic Port. The 225 000 sq m facility which is the largest single-site logistics & services facility in the region has built at an investment of 250 million said Maersk in a statement. The new logistics park will contribute to service and development in supporting economic activity in the kingdom and providing highly efficient logistics services to support the movement of trade and export to foreign markets and enhance the work of supply chains and logistics it stated. An eco-friendly complex it will draw up to 70% of the electricity from 32 000 solar panels installed over 64 000 sq m. on the rooftop. ...
Read More
In a strategic move aimed at revolutionising UAE s real estate investment landscape Dubai-based Meteora Developers has announced the multi-million dollars acquisition deal of Maisour a DIFC-based property crowdfunding platform. Maisour s innovative model of digital fractional ownership has made it possible for people from around the world to invest in Dubai properties with as little as AED500. This acquisition aligns with both companies visions to democratise real estate investment and capitalise on Dubai s booming property market. Meteora Developers pointed out that this acquisition allows to integrate its vast expertise and stellar reputation in the real estate market with Maisour s tech-driven platform offering a broader and more diverse range of real estate investment opportunities. By lowering the initial investment barrier and enabling o...
Read More
Saudi Maritime & Logistics Congress from September 18 to 19 has become a key regional forum for the exchange of ideas between the brightest and best the industry has to offer. As thousands of shipping professionals prepare to gather in Dammam this September for Saudi Maritime & Logistics Congress 2024 the Kingdom s Transport General Authority (TGA) has advised attendees: The reasons for attending are obvious: you get to be part of the conversation. Throughout the course of the event participants will allow networking between thousands of attendees from across the globe and at every level of the industry. Speaking to Seatrade Maritime organisers of the event ahead of the global gathering Eng Essam M Alammari Deputy for Maritime Transport TGA Saudi Arabia added: We have seen a progressive growth in attendance which stood at an impressive 95% in 2023. From policy m...
Read More
Dubai Multi Commodities Centre (DMCC) has recorded 1 023 new member company registrations in the first half (H1) to take its total to almost 25 000 companies across its business district. DMCC now accounts for 15% of all foreign direct investment (FDI) in Dubai up from 11% last year as well as 7% of the emirate s GDP. As part of its efforts to attract the next wave of global investment to Dubai DMCC s focus for the second half of 2024 remains the consolidation of its major real estate developments in Uptown Dubai and Jumeirah Lakes Towers (JLT) as well as the strategic expansion of its network of ecosystems in high-value sectors such as AI and Web3. Curated services offering Ahmed Bin Sulayem Executive Chairman and Chief Executive Officer DMCC said: Now accounting for 15% o...
Read More
Al Habtoor Group a pioneer in the construction and real estate industry has announced that steady progress is being made on its premium luxury development - Al Habtoor Tower - in Dubai with more than 30% of the work already completed. Poised to become a new icon on Dubai s skyline Al Habtoor Tower has within its first year established unprecedented benchmarks in construction utilising 100-m-deep barette foundations - a world record. The project boasts an innovative six-day floor cycle time for construction above ground showcasing the rapid pace and efficiency maintained despite the complex structural demands. The Habtoor Group said this landmark project was setting new standards in architectural design and construction excellence. The project has achieved 33 per cent completion and has accumulated over 2.5 million workin...
Read More
The real estate market in Sharjah continues its growth achieving a trading value of AED3.9 billion ( 1.1 billion) in prime areas of the emirate during July 2024 according to the Real Estate Market Performance Report issued by Sharjah Real Estate Registration Department. The total number of transactions reached 4 146 while the total area traded in sales transactions reached 13.8 million sq ft during the same period. These results confirm the attractiveness of the real estate market in Sharjah and its growing ability to attract local Arab and foreign investors alike. It presents multiple investment options strong infrastructure and a fair regulatory legislation which all together provide strong opportunities for investors. All these distinguished features are accompanied by many new real estate projects launched by the public and private sectors in many area...
Read More
Saudi-based Fakeeh Care Group has announced that its key subsidiary - Dr Soliman Abdulqader Fakeeh Hospital Company (DSFH) - has signed up Advanced Horizons Contracting Company for the construction of its new medical centre in Makkah with a total built-up area of 14 400 sq m. Under this SAR104.1 million ( 28 million) contract Advanced Horizons Contracting will be responsible for construction electromechanical and finishing works said Fakeeh Care Group in its filing to Saudi bourse Tadawul. The entire work will be competed by AHC a key subsidiary of DSFH within 18 months it stated. According to the Saudi group the excavation shoring and dewatering works for the project have already been completed. Once ready the new 2 450-sq-m healthcare facility will offer the local community 20 clinics covering all specialties an expanded ER d...
Read More
The International Conference on Maritime Logistics and Ports (ICMLP) 2024 will be held at the Putrajaya International Convention Centre from September 3 to 5 in Putrajaya Malaysia bringing together thought leaders industry experts and innovators from around the globe. The Netherlands Maritime University College (NMUC) collaborates with the Port Training Institute (PTI) of the Arab Academy for Science Technology and Maritime Transport (AASTMT) STC International in organising the event. It is co-organised by MY Iskandar Sdn Bhd (MISB) and the Chartered Institute of Logistics and Transport (CILT). ICMLP 2024 will provide a platform for exchanging ideas and best practices in maritime logistics port management supply chain management and transportation. The conference will cover themes such as emerging markets in port development maritime law risk management in maritime and logistics smart ports green sh...
Read More
The total value of awarded contracts in Saudi Arabia for the first quarter soared to SAR119 billion ( 32 billion) thus recording a 79% growth over last year while on a quarter-on-quarter basis the value of contracts grew by 35% according to a report by the US-Saudi Business Council (USSBC). Sector-wise the oil and gas sector ominated the scene walking away with the lion s share of contracts worth SAR51.2 billion ( 13.7 billion) followed by real estate which climbed to the second spot with awarded contracts worth SAR24.4 billion ( 6.5 billion) and the water sector at the third spot with SAR24 billion ( 6.4 billion) contracts. The USSBC Contract Awards Index ascended to 415.89 points as the sector witnessed a surge in contract values which has elevated the CAI above the 200-point mark for 18 consecutive months. ...
Read More
Efficio a global leader in capital planning procurement delivery and supply chain management is advising and formulating policy for a range of regional organisations to improve bankability for their capital portfolios. The consultancy with a dedicated capital projects and infrastructure practice also promises to ensure efficient delivery with the best value and quality from suppliers at a time when governments and private sector companies in the Middle East are set for a fierce battle over the construction industry supply market for the next decade. Efficio is currently involved in GCC construction projects worth 390 billion a figure set to increase towards the end of the year as existing projects gather pace and new ones are launched. According to David Mooney Vice President and MENA lead at Efficio who oversees the high-quality delivery of its services and strategic growth in the Middle East the construction industry has made a very...
Read More
Efficio – a global leader in capital planning, procurement, delivery, and supply chain management, is advising and formulating policy for a range of regional organisations to improve bankability for their capital portfolios.
The consultancy, with a dedicated capital projects and infrastructure practice, also promises to ensure efficient delivery with the best value and quality from suppliers, at a time when governments and private sector companies in the Middle East are set for a fierce battle over the construction industry supply market for the next decade.
Efficio is currently involved in GCC construction projects worth $390 billion, a figure set to increase towards the end of the year as existing projects gather pace and new ones are launched.
According to David Mooney, Vice President and MENA lead at Efficio, who oversees the high-quality delivery of its services and strategic growth in the Middle East, the construction industry has made a very...
Dubai s Roads and Transport Authority (RTA) has completed the construction of 10 out of 16 Truck Rest Stops in cooperation with the Abu Dhabi National Oil Company (ADNOC). These facilities strategically distributed across six key locations including Sheikh Mohammed bin Zayed Road Emirates Road Dubai - Hatta Road Dubai - Al Ain Road Jebel Ali - Lehbab Road and Al Awir Road all of which attract a high volume of daily truck traffic. The rest areas cover over 75 000 sq m with an operational capacity exceeding 5 000 trucks and heavy vehicles and 700 parking slots. Each rest area spans 5 000 to 10 000 sq m with the capacity to accommodate 30 to 45 trucks and heavy vehicles. The facilities include service amenities prayer rooms diesel refueling stations and driver rest rooms. Last year RTA had signed an agreement with Adnoc to construct and operate an integra...
Read More
The real estate transaction values in Bahrain have recorded an overall increase for the first half of the year with mixed sectoral performances according to CBRE Middle East the global leader in commercial real estate services and investments. Looking at Bahrain s residential sector sales rates of villas increased by 7.8% on a square metre basis compared to 2023 rates while apartment sales remained consistent during the same period following a period of growth since 2021 stated CBRE in its latest edition of the Bahrain Real Estate Market Review for the first half of 2024. According to the real estate expert Bahrain s villa market is driven predominantly by local demand with citizens largely seeking affordable units while international buyers represent the main offering for mid-to-high-end apartments in foreign investment zones. div...
Read More
Mapei Group a leading Italian manufacturer of chemical products for the building industry has announced the launch of its sustainable Zero line products in the Middle East and Africa (MEA) region. With 60% increase in global sales of its Zero product range in 2023 the line underscores the rising market demand for environmentally friendly solutions regionally said the company in a statement. Mapei s Zero line in the UAE and the wider region includes a dynamic range of construction products across Ceramics and Natural Stone Cleaning Maintaining and Protecting Surfaces Waterproofing Concrete Repair and other business lines. Committed to reducing the carbon dioxide (CO2) emissions generated by its products Mapei expects to compensate for more than 10 000 tonnes of CO2 emissions in carbon credits across operating MEA markets. /d...
Read More
UAE-based Reportage Properties has joined forces with Turkish group Mesa Holding and Azeri investment company Sabah to launch a new venture - RMS Capital Investment - that will focus on boosting investments in the global real estate market. The new venture set up by leading real estate companies of Turkey UAE and Azerbaijan aims to achieve remarkable success not only regionally but also globally with innovative and sustainable projects in the sector. It will strive to offer the highest value to its customers and business partners with future projects and investments said the company in a statement. In the RMS Capital Investment partnership structure Reportage will hold a 34% stake while MESA and Sabah Investment Group will each have 33% stake. The trio will develop partnership projects in Dubai Istanbul and Baku in 2024 and 2025 at a to...
Read More
Mazad a local portfolio company of Bahrain Mumtalakat Holding Company has announced a strategic partnership with Kanoo Real Estate a subsidiary of the Yusuf bin Ahmed Kanoo Group one of the region s most prominent and influential business conglomerates. Under the terms of the partnership Kanoo Real Estate will provide Mazad with access to its diverse portfolio of high-value assets and equipment to expand the esteemed platform s asset inventory and strengthen its position as the premier destination for auctions in Bahrain and the wider Gulf region. We are thrilled to be partnering with Kanoo Real Estate which is a part of the Yusuf Bin Ahmed Kanoo Group a pioneer in the regional business landscape said Talal Alaraifi CEO of Mazad. Their extensive asset and business portfolio will be invaluable as we continue to grow our network and bring eve...
Read More
Diriyah Company has announced a SAR8 billion ( 2.13 billion) contract for the construction of four luxury hotels and the Royal Diriyah Equestrian & Polo Club being developed as part of its Wadi Safar masterplan. The contract for the four world-class hotels - Aman Six Senses The Chedi and Faena - and the Royal Diriyah Equestrian & Polo Club has been awarded to a joint venture of Saudi contractors Urbacon and Al Bawani. Announcing the Wadi Safar deal Diriyah said this was its biggest single contract till date and follows the announcement of the 2.07 billion deal to build the Northern District earlier in July. The contract was officially signed today (July 24) by Ramez Al Khayyat President of Urbacon Saudi Company Fakher Al Shawaf the CEO of Al Bawani Company and Jerry Inzerillo the Group CEO of Diriyah Company at a ceremony held in Diriyah. ...
Read More
The 2024 Saudi Maritime & Logistics Congress taking place in Dammam from September 18-19 will highlight how Saudi Arabia s doors are now open even wider to the world with investments pouring into sectors like renewable energy maritime and logistics and other key industries. According to Chris Morley Group Director of Seatrade Maritime organisers of the event: 2024 has already proved a phenomenal year of growth for the industry in Saudi. I can highlight several areas which indicate the scale of momentum within the industry which includes: the launch of Folk Maritime offering feeder services and short sea shipping in the Middle East and supporting the kingdom s aspirations in the logistics sector Mawani s launch of the Ports Community System (PCS) raising the efficiency of the operational performance of the Saudi port network; the new rail link connecting Al Jubail and Riyadh Dry Port. ...
Read More
The 2024 Saudi Maritime & Logistics Congress taking place in Dammam from September 18-19, will highlight how Saudi Arabia’s doors are now open even wider to the world, with investments pouring into sectors like renewable energy, maritime and logistics and other key industries.
According to Chris Morley, Group Director of Seatrade Maritime, organisers of the event: “2024 has already proved a phenomenal year of growth for the industry in Saudi.
“I can highlight several areas which indicate the scale of momentum within the industry which includes: the launch of Folk Maritime – offering feeder services and short sea shipping in the Middle East and supporting the kingdom’s aspirations in the logistics sector
“Mawani’s launch of the Ports Community System (PCS) – raising the efficiency of the operational performance of the Saudi port network; the new rail link connecting Al Jubail and Riyadh Dry Port.
...
DP World a key provider of end-to-end supply chain solutions said it has completed a strategic merger with Turkey s Evyap Group thus bringing together the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will elevate Türkiye s pivotal role in global trade. The completion follows regulatory approval from the Turkish Competition Authority. The newly formed entity DP World Evyap sees DP World assuming a 58% stake in Evyapport while Evyap Group secures a 42% share of DP World Yarımca said DP World in a statement. The rebranding will introduce DP World Evyap Yarımca and DP World Evyap Körfez as the new names for these key maritime gateways. DP World Evyap will help meet the increasing demand for sophisticated logistics in the region boost Türkiye s expo...
Read More
UAE s construction sector which has shown 23% growth in Activity Index and achieved 87 billion in project awards in 2023 is projected to grow from 41 billion in 2024 and to 50.40 billion by 2029 with a CAGR of 4.26%. Despite global challenges the sector is seeing significant growth particularly in residential and mixed-use projects accounting for 125 billion and 232 billion respectively said 3DXB Group a pioneering leader in 3D printing solutions for the construction industry. 3DXB Group is poised to capitalise on the UAE s resilient construction market which remains firmly positive with a project pipeline valued at 590 billion. Innovation and sutainability 3DXB Group s commitment to innovation and sustainability is at the forefront of this market expansion. The company s...
Read More
Ceva Logistics a global logistics and supply chain company has joined forces with Almajdouie Logistics to set up a new entity in Saudi Arabia that will target industry verticals - ranging from conventional energy and petrochemicals industry to automotive e-commerce consumer and retail. A unit of CMA CGM the world s third-largest container transportation and shipping company Ceva is based at Marseille France while Almajdouie Logistics is headquartered in Dammam and operates over 1.2 million sq m of terminal and warehousing and an expansive fleet of vehicles and trailers. The deal would give Almajdouie Logistics access to its global network while Ceva would be able to build on a strong established presence in Saudi Arabia said the company in a statement. The joint venture s completion however is subject to regulatory approvals with Ceva Logistics having majority...
Read More
Bahri a global leader in logistics and transportation has entered into a training agreement with the Saudi Logistics Academy (SLA) to enhance employment opportunities and skill development in the maritime logistics sector. Under the terms of the two-year agreement SLA will train and qualify a number of Saudi candidates in various specialisations for placement across Bahri s business units. Through a structured 12-month programme participants will gain hands-on experience and theoretical knowledge tailored to meet Bahri s specific job requirements. This initiative not only fosters career growth for aspiring professionals but also contributes to the sustainability of the logistics sector by nurturing a skilled national workforce capable of driving innovation and industry excellence. Thriving ecosystem /di...
Read More
The construction industry in the Middle East is witnessing a transformation thanks to technological advancements according to WakeCap a leader in smart solutions for construction site management. These innovations enhance safety and efficiency on construction sites and pave the way for cost savings and improved project execution. WakeCap is an IoT-based enterprise solution to monitor workforce activity and collect profit-impacting data on actual hours progress and safety. It gathers data through a knob that attaches to a standard hard hat worn by site workers. It is live on 30 mega sites and giga sites in Saudi Arabia and the US with an average 2 000 workers per project and has logged over 70 million worker-hours. According to WakeCap the key trends shaping the future of construction technology in the region are: &n...
Read More
The construction industry in the GCC which hosts the world s largest 3D-printed villa is poised to witness a transformation with the increasing use of 3D printing. This technology unlocks potential for design innovation efficiency and sustainability a top official of 3DXB Group tells Gulf Construction. 3D construction printing technology will fundamentally transform the building industry in the Arabian Gulf region within the next five to 10 years according to Badar Rashid AlBlooshi Chairman of 3DXB Group a leading innovator in 3D printing construction solutions. Dubai s ambitious target of having 25 per cent of new buildings 3D printed by 2030 along with similar initiatives in Saudi Arabia and other Gulf countries underscores this transformative potential AlBlooshi says in an exclusive interview with Gulf Construction s Bina Goveas. 3D printing offers a ...
Read More
The construction industry in the Middle East is witnessing a transformation thanks to technological advancements. WakeCap a leader in smart solutions for construction site management shares key trends shaping the future of construction technology in the region. These innovations enhance safety and efficiency on sites and pave the way for cost savings and improved project execution. Enhanced collaboration through IoT The rise of Internet of Things (IoT) technologies is fostering increased collaboration within construction sites. Real-time insights into worker activity and equipment usage are now possible enabling project managers to make data-driven decisions that enhance site safety streamline workflows and optimise project execution. Strategic partnerships are expanding the suite of IoT solutions available making cutting-edge to...
Read More
Saudi Arabia s logistics services sector logged a remarkable growth rate of 76% with 11 928 registrations making it the leading sector in the April-June quarter said the Business Sector Bulletin issued by the Ministry of Commerce. The bulletin highlighted the most significant economic activities in promising sectors across various Saudi Arabian regions a Saudi Press Agency (SPA) report said. The artificial intelligence (AI) sector grew by 53% with 8 948 registrations. The Riyadh region had the highest number of commercial registrations in this sector totaling 5 492 followed by the Makkah region with 1 789 the Eastern region with 939 Madinah with 254 and Asir with 115. Cloud-computing services Cloud-computing services also showed substantial growth with a 43% increase resulting in 2 358 r...
Read More
DP World a leading provider of end-to-end supply chain solutions has announced that it has signed a key agreement with Dubai Municipality for the development of the largest logistics hub in the world for foodstuffs fruit and vegetable trade. This initiative aligns with the emirate s strategies to enhance investment and economic opportunities thus contributing to the goals of the Dubai Economic Agenda D33 which aims to double the size of Dubai s economy and transform it into one of the top three economic cities globally by 2033 reported Wam. The project also aims to improve quality of life for Dubai s residents and enhance the city s overall attractiveness and livability it added. Announcing the launch HH Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai said: Today we have launched our plan to develop the largest logistics hub i...
Read More
