The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead.
Group AMANA, a leading design and build company, has set a new benchmark in offsite construction, with the delivery of Red Sea Global’s Amaala Staff Village featuring over 1,400 modular concrete studio units manufactured offsite and installed across 27 buildings.
Leading Spanish group Técnicas Reunidas has announced that it has secured two major contracts from a national oil company in the Middle East region to provide engineering, procurement, and construction (EPC) services for upstream oil and gas production facilities.
Spanish infrastructure major Acciona has announced that its facility service unit has been awarded a three-year contract to provide technical train cleaning and housekeeping services for the Haramain High-Speed Railway, one of Saudi Arabia's most advanced transportation systems.
UAE-based Azizi Developments has announced that more than 60% of the work has been completed on its luxury development - Creek Views III - located on the shores of the Dubai Creek within Dubai Healthcare City, and is on track for delivery by Q4 this year.
Saudi-based Umm Al Qura for Development and Construction has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($266.3 million) in Makkah city. The project will involve the development of three residential towers featuring 690 apartments.
Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from two leading utility developers - Saudi Arabia's Acwa and Abu Dhabi National Energy Company (Taqa) - for the multimillion-dollar Sitra Independent Water and Power Project being set up in the kingdom on a build-own-operate model.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company (Heisco), has secured a contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
Leading decision-makers, business leaders and construction industry experts will be in Abu Dhabi this week for the Forbes' Building the Future Summit 2026 where they will discuss the future of urban development and sustainable infrastructure across the Middle East and North Africa.
Dubai's Roads and Transport Authority (RTA) has announced that 30% of the work has been completed on its Bus and Taxi Lanes Project which is being implemented across six key streets in the emirate. Once completed, the length of dedicated bus lanes will increase to 20.6 km.
