GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt.
Leading UAE developer Arada has achieved a major milestone by clocking over 100 million safe man-hours without a lost time injury (LTI) at its AED35 billion ($9.5 billion) Sharjah megacommunity Aljada. Scope of work included residential, retail, hospitality and leisure as well as infrastructure and landscaping.
DHG Properties, the Dubai-based developer and part of Swiss real estate and construction group DHG, has officially broken ground on Helvetia Verde, its second residential development in Dubai. Set for handover in Q1 2028, it features 108 residences with a mix of one-, two- and three-bedroom homes.
Meraas, a member of Dubai Holding Real Estate, has awarded AED2.4 billion ($653.51 million) in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024.
Saudi developer Umm Al Qura has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences within its Masar Destination in Makkah. The Kempinski Residences features 302 residential units of varying sizes along with integrated amenities.
Emirates Stallions Group, a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators. Its revenue for the three-month period hit AED370 million ($100 million), while its net profit recorded a 29% growth.
Diyar Al Muharraq, a leading real estate development company in Bahrain, has announced the release of its premium residential seafront plots within its Mozoon development. This exclusive selection features 13 plots, meticulously positioned to offer direct and breathtaking views of the Main Canal.
Qatar-based Msheireb Properties has signed an agreement with Meeza to introduce its AI digital companion across its key development in a significant boost to its smart city capabilities. Developed by Hewlett Packard, the AI solution is being deployed across 15 smart kiosks throughout Msheireb Downtown Doha.
Leading Abu Dhabi developer Modon has announced the complete sell-out of Tara Park, a residential development on Reem Island, with the project generating AED2 billion ($544 million) in sales. It comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts.
