Construction & Real Estate

Construction & Real Estate

Gulf countries ink landmark rail agreement in Bahrain; target 2030 operations

Sun, 08 Nov 2026

The GCC countries have signed the landmark General Railway Agreement at a high-profile regional transport ministers' meeting in Bahrain. The Gulf bloc plans to complete a 2,117-km-long railway network connecting all six member states - from Kuwait to Oman - with full operations targeted by 2030-end.

Construction & Real Estate

Dubai opens 1,650-m-long Al Khaleej Street Tunnel network

Sun, 08 Nov 2026

Dubai’s Roads and Transport Authority (RTA) has opened the 1,650-m-long Al Khaleej Street Tunnel in a significant addition to Deira’s road network. Extending from the Infinity Bridge ramp to Al Wuheida Street intersection, it features three lanes in each direction with a capacity of 12,000 vehicles per hour.

Construction & Real Estate

Major developers to showcase properties at IREIS 2026

Sun, 08 Nov 2026

At a time when the total value of active projects under development in Abu Dhabi has surpassed $758.79 billion (AED2.78 trillion), the emirate is getting ready to host the International Real Estate and Investment Show (IREIS) 2026.

Construction & Real Estate

GCC eyes regional water interconnection project, power grid expansion

Sun, 08 Nov 2026

The Gulf states are studying the possibility of establishing a regional water interconnection network and expanding their existing electricity interconnection system to strengthen resource security and ensure the continuity of essential services, said a top official after a utility committee meeting.

Construction & Real Estate

Saudi PIF unit Ardara kicks off first phase of AlWadi development

Sun, 08 Nov 2026

Ardara, a company of Saudi wealth fund PIF, said early construction works have begun on the first cluster of its AlWadi development in Abha. On completion, the 2-million-sq-m development will boast 7,306 apartments, 90 villas and townhouses as well as 2,783 hotel keys.

Construction & Real Estate

Jereh lands $2.7bn Abu Dhabi oil and gas development packages

Sun, 08 Nov 2026

China’s Jereh Oil & Gas Engineering has secured three major oil and gas development packages from ADNOC Onshore with a combined contract value of $2.7 billion. These packages cover Ruwais Diyab unconventional gas project, Bab/North East Bab facilities and Bu Hasa facilities development.

Construction & Real Estate

Work starts on new underpass at King Abdulaziz Intersection in Riyadh

Sat, 07 Nov 2026

The Royal Commission for Riyadh City (RCRC) has started work on a new underpass at the intersection of King Abdulaziz Road and Anas bin Malik Road as part of its efforts to improve traffic flow and connectivity between neighbouring districts along one of the capital’s main corridors.

Construction & Real Estate

Abu Dhabi's real estate transaction value soars to $46bn in nine months

Sat, 07 Nov 2026

Abu Dhabi's real estate transactions for the first nine months of 2026 surged by 76.1% to hit AED171.26 billion ($46.6 billion) mainly driven by the mortgage activity and a 32% surge in transactions for the period, said a new report. The foreign investment in Abu Dhabi’s investment zones too grew by 131% year-on-year.

Construction & Real Estate

Alstom secures €460m deal for Riyadh Metro expansion

Sat, 07 Nov 2026

Alstom, a global leader in smart and sustainable mobility, has signed a contract worth about €460 million with the Royal Commission for Riyadh City (RCRC) to supply additional driverless metro trains for Riyadh Metro’s orange, yellow and purple lines.