Construction & Real Estate

Construction & Real Estate

Kuwait's URC secures $122.8m finance for waterfront project

Tue, 26 May 2026

Kuwait's United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), has secured KWD38 million ($122.82 million) in Islamic banking finance for the construction and development of Waterfront Real Estate Project - Phase 3 (Souq Sharq), located in the Sharq Area of capital Kuwait City.

Construction & Real Estate

New 3.4km road opened in Bahrain

Tue, 26 May 2026

Bahrain's Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa has inaugurated Shaikh Abdullah bin Salman bin Khalid Al Khalifa Avenue, linking Hunainiyah Avenue and Al Muaskar Highway in Riffa.

Construction & Real Estate

Volvo CE, Hitachi Energy tie-up to accelerate zero-emission construction sites

Tue, 26 May 2026

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.

Construction & Real Estate

Gensler Middle East appoints new landscape urbanism design lead for Cities Studio

Tue, 26 May 2026

Gensler, the world’s most impactful architecture, design, and planning firm, has appointed Dima Rachid as Landscape Urbanism Design Lead within its growing Cities Studio in the Middle East, reinforcing the firm’s long-term commitment to shaping people-centered urban experiences across the public and private sectors.

Construction & Real Estate

Sustainability Forum Middle East announces high-level speakers for roundtable

Tue, 26 May 2026

Sustainability Forum Middle East (SFME), in partnership with Tabreed Bahrain and Boston Consulting Group (BCG), has announced a line-up of high-level speakers for its upcoming round-table on “Accelerating Energy Efficiency Delivery under Bahrain’s National Energy Strategy.”

Construction & Real Estate

ROSHN Group signs new deal with Tatweer Buildings for educational facility

Tue, 26 May 2026

ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF company, has continued its strategic partnership with Tatweer Buildings Company, a subsidiary of Tatweer Education Holding Company, with the signing of a new agreement to design, construct, and supervise the development of a public educational facility within WAREFA community in East Riyadh.

Construction & Real Estate

Bahrain invites prequalification bids for International Sports City project - Phase 1A

Tue, 26 May 2026

Bahrain’s Ministry of Works has launched a prequalification process for contractors for Phase 1A of the planned Bahrain International Sports City project, paving the way for the construction of a major new sports stadium and associated infrastructure in the kingdom.

Construction & Real Estate

Qatar government tenders hit $2.35bn in Q1

Tue, 26 May 2026

Qatar's government tenders and bids achieved a total value of QR8.6 billion ($2.35 billion) during the first quarter of 2026, according to a Ministry of Finance (MOF) has announced.

Construction & Real Estate

UAE sees double-digit office rent growth, retail vacancy tightens: JLL

Mon, 25 May 2026

Strong market fundamentals cushioned the impact of broader regional uncertainties, driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026, according to JLL’s latest Real Estate Market Dynamics report.

Construction & Real Estate

ZOE JV to build Saudi Arabia's first world-class BESS manufacturing facility

Mon, 25 May 2026

ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.