Mohammed Bin Rashid Housing Establishment has signed an agreement with UAE-based Amana Contracting and Steel Buildings, in a move aimed at strengthening co-operation and working together on projects of mutual interest and facilitating the exchange of technical and specialised expertise.
Abu Dhabi's luxury residential market is evolving as buyers place greater emphasis on long-term value, quality of design and the overall living experience, said leading developer Mered, highlighting continued activity across Abu Dhabi's established waterfront destinations.
Work is moving at a steady pace on the Miraf District, a premium mixed-use project being developed by Refad Real Estate Company on a 42,000 sq m area at Al Khobar in the kingdom's Eastern Province, with the project on track for handover in 2029.
Dubai's Roads and Transport Authority (RTA) has announced that it has completed traffic upgrades on Latifa bint Hamdan Street, adding new lanes and U-turns to ease congestion and improve traffic flow along one of the city's key road corridors.
Saudi-based Masah Contracting Company has announced that it has won the construction deal for Ajdan Infiniti Tower T2, a 40-storey residential development located in Al Khobar in the kingdom's Eastern Province. The entire contract work will be completed within two to three years.
India's top engineering and construction conglomerate Larsen and Toubro (L&T) has announced that its key subsidiary L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order - valued at over Rs150 billion ($1.57 billion) - from ADNOC Offshore for development of multiple offshore facilities.
Dubai developer Meraas has awarded a key contract to International Foundation Group for groundworks at its premium residential development Nourelle within Madinat Jumeirah Living. It comprises 236 one- to four-bedroom apartments across three contemporary residential buildings.
Masdar, a leading building and construction materials company in Saudi Arabia, has announced the opening of its fully integrated construction and building materials facility in Madinah.
Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ($13.94 billion), EBITDA rose by 8.2% to SAR21.5 billion, and net profit increased by 7.5% to SAR6.7 billion.
Aquatech, a global provider of water and process technology solutions, has announced the acquisition of UAE-based Metito Chemical Solutions (Metichem) in a deal aimed at expanding its portfolio of specialty water treatment chemicals and operational services in the Middle East and North Africa region.
