Saudi Arabia will start implementing a 70% localisation in project management professions in the private sector starting from February next year, said a report. The move, aimed at boosting the locals' participation in the labour market, is in line with the objectives of Saudi Vision 2030.
EDECS Group, a leading MEA region EPC contractor, has secured a strategic contract from DP World to redevelop seven operational yards at Tanzania's Dar es Salaam Port terminal 1 operated by DP World Dar Es Salaam.
Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
Dubai-based luxury lifestyle platform Beno has announced the opening of a premium guest lounge at Marsa Al Arab, developed in partnership with the Jumeirah Group. The lounge adds a permanently staffed guest-services layer to one of Dubai's newest ultra-luxury marine developments, Marsa Al Arab Marina.
Abu Dhabi's residential property market continued to expand in H1 with residential sales value nearly tripling from a year earlier to AED70.4 billion ($19.2 billion), driven by strong off-plan demand, said a report, adding the off-plan transactions accounted for 89% of residential sales value.
Red Sea Global (RSG), the regenerative tourism developer, has announced the opening of Rosewood AMAALA, a luxury resort located at Triple Bay on Saudi Arabia’s northwestern Red Sea coast. The opening marks another milestone in the company’s strategy to establish AMAALA as the Kingdom’s flagship wellness destination.
Emirates Extrusion Factory (EEF), a key subsidiary of Dubai Investments, has delivered its strongest first-half production performance in a decade, supported by sustained customer demand, manufacturing efficiency and disciplined operational execution.
Al Meera Consumer Goods Company, a leading national retailer and property developer in Qatar, has signed up Yardi, a leading property management software developer, to support the next phase of its retail property management and leasing operations through its cloud-based retail platform.
Saudi aluminium products maker Talco has extended by six months a non-binding agreement to acquire a 60% stake in Dammam-based Eastern Aluminum Extrusion Factory. This extension will run from August 24 to February 23, 2027, allowing the firm additional time to complete due diligence procedures.
European real estate developer R.Evolution is expanding EYWA from a collection of flagship developments into a global longevity-led regenerative real estate brand. This comes following the successful launch of its landmark projects in Dubai and Spanish city Barcelona.
