Knowledge Economic City has announced that one of its key subsidiaries Algharraa International Real Estate has awarded an infrastructure works contract to Salco Saudi Contracting for the Southeastern District project coming up within its premises in Madinah.
Emaar Development has announced a collaboration with Abu Dhabi Commercial Bank (ADCB) to boost the home-buying experience across its portfolio of residential communities in Dubai. Under this, customers will able to secure pre-approval for financing of up to 50% of a property's value.
Saudi-based Red Sea International Company said its key subsidiary, The Fundamental Installation for Electric Work Company, had doubled its banking facilities with Saudi National Bank to SAR430.8 million ($113 million) from SAR200 million ($52.4 million) earlier.
Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion from a consortium of seven leading Saudi banks to support its general corporate purposes.
Knowledge Economic City (KEC), together with its subsidiary Algharraa International Real Estate, has signed an agreement with BSF Capital to establish a private real estate fund for the development of Knowledge Gardens project, being set up within its premises in Madinah at an investment of SAR7.5 billion ($1.96 billion).
The UAE's office market remained undersupplied during the second quarter of 2026, driving double-digit rental growth in both Dubai and Abu Dhabi despite a challenging macroeconomic backdrop and ongoing regional disruptions, according to real estate expert CBRE.
Guggenheim Abu Dhabi museum will open its doors on December 11, 2026, further strengthening Abu Dhabi’s position as a leading global capital for the arts, the Department of Culture and Tourism – Abu Dhabi (DCT- Abu Dhabi) has announced.
Hassan Allam, a leading engineering and construction group, said its subsidiary, Hassan Allam Construction Saudi along with its joint venture partner UCC Holding Saudi, has officially signed the contract for Waldorf Astoria Hotel, Residences, & Mixed Use Superblock in Diriyah, Saudi Arabia.
Kuwait-based Combined Group Contracting has emerged as the lowest bidder for a KD160 million ($516 million) water treatment project in southern Kuwait. The scope of work for the winning bidder includes construction, operation and maintenance of the treated water facilities.
The Royal Commission for Riyadh City (RCRC) said it had completed the master plan for Northeast Riyadh, laying out the framework for the development of a 456-sq-km area earmarked for future infrastructure, housing and commercial investment.
