Construction & Real Estate

Construction & Real Estate

UK developer LEO unveils debut Rove lifestyle project in Oman

Thu, 05 Feb 2026

British developer LEO Development has teamed up with Rove, a JV between master developer Emaar Properties and Dubai Holding, to launch its debut lifestyle hospitality project in Oman. The Rove Home Muscat Expressway will feature one- and two-bedroom apartments along with a range of lifestyle amenities.

Construction & Real Estate

Nesma secures power cable replacement contract from Saudi Electricity

Thu, 05 Feb 2026

Nesma Infrastructure & Technology said it has secured a new power cable replacement contract from Saudi Electricity Company (SEC) within the kingdom's Central Operation Area. The scope of work includes removal of existing cable and installation of advanced underground transmission systems.

Construction & Real Estate

Environment Agency – Abu Dhabi unveils World’s Richest Seas initiative

Thu, 05 Feb 2026

The Environment Agency–Abu Dhabi (EAD) has announced the launch of 'World’s Richest Seas' initiative, a key programme that it will see the establishment of new marine sites and underwater gardens through deployment of 40,000 artificial reef modules, which will gradually increase to 80,000 by 2030.

Construction & Real Estate

Mideast set to see $3trn real estate projects pipeline

Thu, 05 Feb 2026

With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.

Construction & Real Estate

Al Ghurair breaks ground on 130-unit residential development in JVC

Thu, 05 Feb 2026

UAE-based Al Ghurair Development has officially broken ground on The Weave, its design-led residential development in Jumeirah Village Circle, Dubai. Set for completion in 2028, it offers 130 homes with a mix of one- to three-bedroom units as well as key amenities such as a dedicated rooftop club, infinity pool and a private cinema.

Construction & Real Estate

Singapore's Meranti Green Steel secures offtake for Duqm HBI plant

Thu, 05 Feb 2026

Singapore-headquartered Meranti Green Steel has announced that it has secured full offtake coverage for the first module of its green Hot Briquetted Iron (HBI) production from its new iron plant within the Duqm Special Economic Zone in Oman, thus marking a key commercial milestone for the project.

Construction & Real Estate

Goldwind completes key installation at Oman wind turbine project

Thu, 05 Feb 2026

Chinese group Goldwind said it has completed the successful installation of the first wind turbine at the Riyah 2 project in southern Oman. The project is being developed by OQ Alternative Energy, a subsidiary of Oman’s state energy group OQ, in partnership with global major TotalEnergies.

Construction & Real Estate

NMDC Group posts $1bn net profit for 2025, up 29%

Thu, 05 Feb 2026

NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 billion), up 10% y-o-y. Net profit surged 29% y-o-y to cross the AED4.0 billion ($1.089 billion) mark.

Construction & Real Estate

Work on the historic Jebel Ali Racecourse to start this year

Thu, 05 Feb 2026

Mace, a global consultant and construction expert, said work will start later this year on the redevelopment of the historic Jebel Ali Racecourse. Spanning 5 sq km, the premium project reimagines urban living through a mix of residential, hospitality, retail, and leisure uses, anchored by 1.5 million sq m of parkland.

Construction & Real Estate

Etihad Rail awards high-speed rail contracts says report

Thu, 05 Feb 2026

Etihad Rail, the developer and operator of UAE's national railway network, has awarded multibillion-dollar design-and-build contracts for the civil works and station packages of the high-speed railway (HSR) line connecting Abu Dhabi and Dubai, a MEED post in LinkedIn said.