Construction & Real Estate

Construction & Real Estate

EICO, Tebian ink contract for Saudi 380KV substation project

Sat, 07 Feb 2026

Saudi-based Energy and Infrastructure Company (EICO) said it has signed a significant engineering and construction contract with Tebian Electric Apparatus (TBEA) for a 380KV substation project being developed by Saudi Electricity Company (SEC) in the kingdom's northern region.

Construction & Real Estate

Saudi Rail carries record 14m passengers, 30m tonnes freight in 2025

Sat, 07 Feb 2026

Saudi Arabia Railways (SAR) has achieved record-breaking operational milestones in 2025, transporting over 14 million passengers and 30 million tonnes of freight, underscoring its pivotal role in supporting the National Transport and Logistics Strategy and Saudi Vision 2030 by providing a safe, sustainable, and efficient rail network.

Construction & Real Estate

Ashoka Buildcon–BEC Arabia JV lands Diriyah hotel project contract

Sat, 07 Feb 2026

Indian infrastructure group Ashoka Buildcon said its joint venture with Saudi-based BEC Arabia Contracting has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh.

Construction & Real Estate

Aldar, Dubai Holding expand strategic JV with $10.3bn Dubai development pipeline

Sat, 07 Feb 2026

Leading Abu Dhabi developer Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) of more than AED38 billion ($10.3 billion).

Construction & Real Estate

Hansgrohe Group Opens New Showroom in Abu Dhabi with Mac Al Gurg

Fri, 06 Feb 2026

Hansgrohe Group, a global leader in innovative bathroom and kitchen solutions, has officially opened a new showroom on Najda Street, Abu Dhabi, in partnership with Mac Al Gurg, a leading provider of sanitaryware solutions and part of the Al Gurg Group.

Construction & Real Estate

Al Barari breaks ground on The Cape in Dubai

Fri, 06 Feb 2026

Al Barari, Dubai’s pioneering nature-led community, has marked the groundbreaking of The Cape, its final signature residential development, celebrating two decades of visionary craftsmanship and a continued commitment to creating harmonious living environments rooted in nature.

Construction & Real Estate

RAK Properties posts record sales of $914.9m in 2025

Fri, 06 Feb 2026

RAK Properties, Ras Al Khaimah's leading publicly listed property developer, posted record sales of AED3.36 billion ($914.91 million) in 2025, the developers' 20th anniversary.

Construction & Real Estate

Holm Developments launches second residential project in Jumeirah Garden City

Fri, 06 Feb 2026

Holm Developments has announced the launch of Linea, its second residential project in Jumeirah Garden City, following the strong response for its debut project, Holm One. A prime development, it features a mix of studios, one- and two-bedroom residences along with key amneities.

Construction & Real Estate

Diriyah celebrates Leed Gold for its premium mixed-use project

Fri, 06 Feb 2026

Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has achieved a major sustainability milestone with its premium mixed-use project, Zallal, being awarded the Leed (Leadership in Energy and Environmental Design) Gold Certification.

Construction & Real Estate

Ora Developers shifts to AI-driven mortgage ecosystem with Yubi deal

Thu, 05 Feb 2026

Ora Developers, a premier name in luxury real estate, has signed an agreement with Yubi, a global fintech unicorn, in a move that marks a significant shift in the UAE real estate market, moving from traditional manual financing to a hi-tech, AI-driven mortgage ecosystem.