Dubai-based Avenew Development has awarded the main construction contract for Avenew 888, its flagship residential development in Dubai South, to Al Masaood National General Contracting.
Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period.
Safanad, a principal-led investment company based in Riyadh, has announced that it is accelerating the growth of its US digital infrastructure platform, Element Critical, through the launch of a new US data centre platform supported by $1 billion from top US institutional investment partners.
Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity.
As Saudi construction sector moves at unprecedented scale and speed, Big 5 Construct Saudi has positioned its January edition as the first major industry touchpoint of the year. The four-day event focuses on fit-out, finishing and project delivery at a critical moment when project developments are rapidly moving from design into execution, said the event organisers.
Saudi-based Red Sea International Company has announced that its key subsidiary, The Fundamental Installation for Electric Work Company, has signed an agreement with Saudi Investment Bank to secure multi-purpose funding facilities worth SAR200 million ($53.3 million).
Oman's National University of Science and Technology has announced that work has begun on its new university campus at Sultan Haitham City located within the Muscat governorate. Spanning a 31,890-sq-m area, the key facility will have the capacity to accommodate 2,435 students.
Big 5 Construct Saudi has opened its doors for the January edition in Riyadh bringing together the industry that drives the kingdom’s $1.7 trillion construction project pipeline. More than 1,100 exhibitors from over 50 countries will be taking part in the four-day event.
Saudi-based East Pipes has announced plans to set up a new external steel pipe coating line at its plant in Dammam following the go-ahead from the company's board. The move is aimed at boosting the plant's current nominal production capacity from 4 million sq m to 8 million sq m per year.
Kuwait Financial Centre (Markaz) has announced that its real estate fund closed 2025 on a successful note delivering a return of 9.7%, supported by strong operating performance across its property portfolio. At the end of the 12-month period, its assets under management hit KD81.1 million ($263.3 million).
