TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address the rising demand for Grade-A office spaces from global multinational companies.
Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production.
Saudi Arabia has officially completed grid connection of its landmark energy storage system (ESS) project with the nameplate capacity of 7.8GWh.
Modon has awarded the main construction contract for two of its residential developments on Hudayriyat Island: Nawayef East and Nawayef West. With a total value of AED5 billion ($1.36 billion), the contract is the largest awarded for residential in Abu Dhabi in 2025.
MYCRANE Trading, the newly established crane sales, leasing and maintenance services provider based in Jebel Ali Free Zone, has announced that its first stock will arrive in mid-January 2026, following recent purchase and inspection visits by the MYCRANE team in both Asia and Europe.
Desert Technologies (DT), a leading Saudi renewable energy company, has signed a major supply agreement with Astronergy for 13 MWp of high efficiency N-Type photovoltaic modules to support a flagship solar project in the Northern Region of Saudi Arabia.
Royal Development Holding (RDH), a key subsidiary of Emirates Stallions Group, has joined hands with top hospitality major Radisson Hotel Group to unveil its waterfront branded-residential portfolio - Radisson Residences Al Reem Island.
Light + Intelligent Building Middle East 2026 will bring together regional and global industry experts to Dubai where they will discuss the role of lighting design in transport settings such as airports, metro stations, and bus terminals.
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the allocation of KD1.2 billion ($3.9 billion) funds to carry out EPC work for Phase I of the project. On completion, the port will emerge as a key regional transport hub in line with Kuwait Vision 2035.
Ritchie Bros. closes 2025 on a strong note marked by record-breaking auctions and key anniversaries. Across EMEA and APAC, the company this year conducted 79 auctions, selling more than 101,800 lots from over 6,000 sellers and engaging 21,300+ buyers and 81,300+ bidders.
