The Saudi port city of Jeddah is set to host the fifth edition of Real Estate Development and Ownership Exhibition (Seredo) on September 6 bringing together the kingdom's real estate industry under the sponsorship of the Ministry of Municipalities and Housing.
Saudi Arabia has announced the opening of the 246-km Rafha-Hail Road, thus expanding the kingdom's transport network with a new route linking Rafha to Hail through the Hail-Baqaa Road. The road represents a vital artery within the kingdom's interregional road connectivity network.
Saudi retail and food and beverage market maintained strong momentum in H1 supported by resilient consumer spending - which hit SAR425 billion ($113 billion) - as well as low inflation and expansion of the non-oil economy, according to Knight Frank.
Real estate transactions in Sharjah rose 61.8% in July from previous month to AED7 billion ($1.91 billion) with the number of deals up 25% hitting 9,376, said a report. The sales transactions covered 27.2 million sq ft in July, reflecting continued activity in the emirate's property market.
LEAD Real Estate has announced that work is moving at a steady pace on its AED3.13 billion ($852 million) Al Dhaher Housing Project, an integrated community development in Al Ain. Set for completion in Q4 2028, Phase I of the project will feature 1,000 villas with a mix of four- to six-bedroom units.
Dubai Electricity and Water Authority (Dewa) has announced the tender-opening results for a project to supply, install, test and commission glass-reinforced epoxy (GRE) water transmission pipelines and associated works at Hassyan SWRO Phase 2, with six contractors having submitted definite bids for the project.
Emirates Central Cooling Systems Corporation (Empower) has recorded solid results for the first half of 2026 with a 16.2% jump in its net profit, while its revenue rose to AED1.52 billion ($413 million) mainly driven by the growing demand for cooling services across Dubai.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, has announced that it has commissioned a new power substation at Oxagon, thus increasing the manufacturing and innovation city's available electricity capacity to 3.15GW.
Dar Global, a London-listed luxury real estate developer, has awarded the construction contract to Gulf Asia Contracting for the podium of Trump International Hotel & Tower, Dubai, following the successful completion of all enabling works.
RAK Ceramics, a leading UAE ceramics brand, has reported a higher second-quarter net profit, which surged by 2.9%, while its revenue hit AED823 million ($224 million) supported by demand in UAE, Saudi Arabia and Bangladesh despite regional disruptions and higher logistics costs.
