Hassan Allam Holding and AlBawani Holding have announced that their joint venture has been awarded a SAR1.84 billion ($490 million) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA), one of the most prominent cultural and iconic projects within the Diriyah development plan.
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has collaborated with top ratings agency S&P Global to launch the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across the kingdom’s construction sector.
Saudi Arabia's Ministry of Municipalities and Housing has developed approximately 6 million sq m of public parks across the kingdom between 2023 and 2025 through private sector investment models, generating an estimated financial impact of SAR2.4 billion ($639 million).
The Royal Commission for Riyadh City (RCRC) has announced that work has started on a major road project being developed as part of the second package of the Main and Ring Road Axes Development Program. The scope of work includes construction of four main bridges and three-lane roads in the Saudi capital.
Roshn Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed an agreement with Dawiyat Integrated Telecom and IT Company, a unit of Saudi Energy, to develop fibre-optic telecommunications infrastructure within its Aldanah community in Dhahran.
Tabreed Bahrain, a leading provider of sustainable district cooling solutions in the kingdom, has appointed Arabian International Company as the engineering, procurement and construction (EPC) contractor for the expansion of its chilled water network in the northern seafront area of Manama.
Perma-Pipe International, a global leader in pre-insulated piping and leak detection systems for oil and gas sector, has secured contracts for district heating and cooling projects in UAE and Saudi Arabia, thus strengthening its position in the region as demand rises for energy-efficient infrastructure.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
Leading UAE developer Aldar has sold 80% of the homes released at its key project - Yas Park Place - located in the heart of Yas Island, Abu Dhabi generating over AED800 million ($218 million) in sales. A mid-rise residential community, it features six buildings offering a collection of studios, one-, two- and three-bedroom homes.
The northern emirate of Ras Al Khaimah has secured AED12.4 billion ($3.37 billion) worth of sales across 6,600 residential property transactions in 2025, with the off-plan segment accounting for 85% of deals, said a real estate expert, adding a total of 8,400 new homes are in the RAk property pipeline until 2028.
