Dubai developer Meraas said it has teamed up with International Foundation Group to break ground on two residential buildings being developed as part of the third phase of its City Walk Crestlane, thus marking the next construction milestone in the continued expansion of the residential community.
Knowledge Economic City has announced a strategic partnership with UAE-based Apparel Group to bring 24 international retail and dining brands across 8,686 sq m to its Multaqa Al Madinah Mall, including 10 brands making their debut in Madinah.
Saudi Industrial Development Company (SIDC) has signed an agreement with Sudom Investment Company and Mohammed A. AlSwailm Holding to explore the acquisition of the entire share capital of Industrial Production Services Company, a major player in the Saudi construction and building sector.
Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
Qatari Diar, a leading developer, has officially announced the launch of the first phase of its landmark $29.7 billion Alam Al Roum project coming up on Egypt's North Coast over a 20.58 million sq m area. The Phase I is set for handover in 2030.
Saudi Arabia's National Water Company (NWC) has announced that it is implementing key water distribution network projects in Al Shanan and Khulais governorates in the Hail region and has completed work on 5 water tanks in the west of capital Riyadh in line with its Vision 2030 goals.
Arabian Internet and Communications Services has entered into a deal with Center3, a key unit of Saudi Telecom Company, for the establishment and construction of data centres in Dammam. The project will be delivered in four construction stages within an 18-month period.
Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of Qiddiya Investment Company (QIC) and a PIF company, has officially opened the doors of its Abha destination, marking the launch of the first entertainment destination in the kingdom's Aseer region.
Dubai’s Roads and Transport Authority (RTA) has opened a four-lane bridge on the southern, right-hand side of the intersection of Al Qudra Road and Sheikh Zayed bin Hamdan Al Nahyan Street. Running 700m long, the bridge has a capacity to handle 6,000 vehicles per hour.
Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates.
