First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest financial institutions, has become the first bank in the Middle East and North Africa (MENA) region to sign the UN Sustainable Blue Economy Finance Principles, and establish a AED100 billion ($27.23) blue finance target to support water and blue economy-related financing between 2026 and 2035.
The King Abdulaziz Centre for World Culture (Ithra), an Aramco initiative, has opened registration for the eighth edition of Ithra Design Challenges.
Indian group Garuda Construction and Engineering said its key subsidiary, Dream City Builders has secured a contract for the development of a 93-storey twisting tower in the Saudi city of Jeddah featuring a five-star hotel with 350 rooms and a diamond-shaped rooftop restaurant.
Red Sea Global has announced the opening of Nammos Resort Amaala, a luxury development of the globally renowned lifestyle brand Nammos located on Saudi Arabia's Red Sea coast. Designed by the renowned architectural firm Foster + Partners, the resort features 110 keys and 20 private residences.
Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global.
Saudi Arabia's Public Investment Fund (PIF) today launched Gulf Coast Development Company to create an integrated tourist and residential destination on the Al-Khafji coast overlooking the Arabian Gulf.
The average cost of a home has dropped year-on-year in Dubai for the first time since February 2021 – the peak of the Covid 19 pandemic – according to leading real estate advisory and property consultancy, Cavendish Maxwell.
Construction work has commenced on a number of factories and investment projects at Al Suwaiq Industrial City, which reflects the growing industrial activity in the city, enhances its appeal as an ideal investment destination in Oman’s North Al Batinah Governorate.
FTS Cleanrooms, a turnkey cleanroom design, manufacturing and validation firm, has secured a contract to design and build a 350 sq m cleanroom facility for a medical device facility in Dammam.
Dubai Square has unveiled its vision for an air-conditioned parking environment with full interior design treatment, extending the quality of the destination beyond the mall entrance and into every stage of the arrival and departure journey.
