Construction & Real Estate

Construction & Real Estate

EGA to buy majority stake in Italian aluminium recycling firm

Tue, 21 Apr 2026

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has announced plans to acquire an 80% stake in Italian aluminium recycling company Eco Green. A specialist in aluminium scrap collection, Eco Green has a 70,000 tonnes per year capacity.

Construction & Real Estate

Miran Hills in deal to develop premium waterfront project in Egypt

Tue, 21 Apr 2026

UAE-based Miran Hills Real Estate said it has entered into an agreement with Ras El Hekma Urban Development Project Company to secure rights for development of a prime parcel of land in a premier coastal destination on Egypt’s North Coast, into a landmark waterfront destination.

Construction & Real Estate

Iraq approves $4.6bn Basra–Haditha oil pipeline bid process

Tue, 21 Apr 2026

Iraq has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure. The planned pipeline will stretch 685 km, transporting crude oil from southern Iraq to northern regions.

Construction & Real Estate

Deyaar completes handover of over 1,400 residential units in Dubai

Tue, 21 Apr 2026

UAE-based Deyaar Development has announced the successful handover of more than 1,400 residential units across three major projects in Dubai. Strategically located in key areas of the emirate, these projects include both residential and hospitality developments.

Construction & Real Estate

Majority of Dubai homes scheduled for delivery this year already sold

Tue, 21 Apr 2026

Dubai's leading developers have already sold the vast majority of homes scheduled for delivery in 2026, while buyers have also snapped up 71.45% of the city's total off-plan pipeline due for completion between 2026 and 2029.

Construction & Real Estate

Investcorp Capital deploys $200m into US senior living, multifamily properties

Tue, 21 Apr 2026

Investcorp Capital (ICAP), today acquired a $200 million investment in US residential real estate, reflecting its growing conviction in senior living and a selective re-entry into multifamily amid improving market conditions.

Construction & Real Estate

Saudi-Egyptian JV unveils $1.35bn mixed-use development in Cairo

Tue, 21 Apr 2026

A flagship Saudi-Egyptian joint venture Paragon Adeer has unveiled - Sumou Boulevard - a landmark mixed-use development spanning over 500,000 sq m in New Cairo being set up at an investment of EGP70 billion ($1.35 billion). It is the first flagship investment by Sumou Investment in the Egyptian market.

Construction & Real Estate

Talaat Moustafa Group launches $27bn massive new development in Cairo

Tue, 21 Apr 2026

Egypt-based Talaat Moustafa Group (TMG) has launched a massive $27 billion cognitive city in Cairo, named The Spine - an intelligent destination where technology, design, and human experience operate as one.

Construction & Real Estate

ACES strengthens US presence with acquisition of Meskel & Associates Engineering

Tue, 21 Apr 2026

ACES US Holding Inc (ACES US or the Corporation), the US subsidiary of the Middle East’s leading construction services and geotechnical engineering services firm, ACES Group, has completed its acquisition of Meskel & Associates Engineering (Meskel or MAE), a premier North Florida geotechnical engineering, materials testing and inspection, and CEI firm with over 18 years of experience in throughout the southeast US.

Construction & Real Estate

Qatar invites bids for major power grid expansion

Mon, 20 Apr 2026

Qatar General Electricity and Water Corporation (Kahramaa) has invited bids for a major 2026 expansion of the country’s power transmission system. The project scope covers an EPC contract for new substations across multiple voltage levels - from 132/11kV to 400kV capacity.