JAD Global Real Estate Development has officially broken ground on J188, its latest premium residential project at Al Jaddaf, Dubai. The premium development features one- and two-bedroom residences with dual views of the Downtown skyline and Dubai Creek Harbour.
Abu Dhabi-based Tadweer Group has awarded a key contract to Spanish environmental solutions company Urbaser to develop the emirate's first greenfield material recovery facility. Set to be operational in 2028, the project is designed to process 400,000 tonnes of waste annually.
Oman's United Solar has announced the financial close of its previously announced $50 million equity investment from IFC, the private sector arm of the World Bank Group.
Bahrain-based Arabian Gulf University (AGU) has signed contracts for the King Abdullah Bin Abdulaziz Medical City project being set up at an investment of over $260 million near Durrat Al Bahrain development. The first phase of work is expected to be completed this year.
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia.
AtkinsRéalis, a major engineering services company, has been awarded the lead design consultancy contract by the Expo 2030 Riyadh Company for its Place and Planet Pavilion, one of the signature thematic pavilions planned for the mega event to be held in the Saudi capital.
Japan’s Kanadevia Corp has signed an agreement with Bahwan Engineering Company to jointly develop green hydrogen and low-carbon fuel projects in Oman. Under this, the duo will collaborate on project bidding, engineering, procurement, manufacturing and sales for green hydrogen and e-methane.
Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million).
Saudi-based Adeer Real Estate Company said it had signed an agreement with Sumou Holding for the marketing and sale of developed land plots within the Jeddah Oasis masterplan, a 707,254-sq-m mixed-use development in the Saudi port city.
Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months.
