Sobha Realty, a leading luxury real-estate developer globally, has announced that it has signed an agreement with National Bank of Umm Al Qaiwain (NBQ) to provide preferential mortgage and financing solutions for customers purchasing off-plan residential units across its developments.
Dubai-headquartered HITEK AI, a pioneer in AI-driven enterprise solutions and part of the Farnek Group of companies, has launched Condtek, the GCC’s first AI-powered solution that automatically creates a verified digital asset register without the need for lengthy and costly manual audits, saving building owners, developers and managers time and money.
Siemens Energy will supply six gas turbines, six generators and 20-year maintenance services for Oman’s Misfah and Duqm IPP projects, adding nearly 2.6 GW of capacity, increasing national electricity generation by almost 20% and serving more than 2 million people.
Saudi National Center for Privatization & PPP (NCP) has invited bids for the development of a 391-bed hospital in Umm Al Qura University, Makkah, as a public-private partnership venture. The project will be delivered under a 30-year design-build-finance-operate-maintain (DBFOM) contract.
Saudi Arabia's Aseer Region Municipality is expanding investment opportunities in the tourism sector by offering 44 seasonal investment sites for the summer tourism season as it seeks to attract private investment and support the region's growing tourism sector, said a report.
Qatar General Electricity and Water Corporation (Kahramaa) has awarded contracts worth more than QR2.2 billion ($604 million) to expand the electricity transmission network in the country's western region as it prepares to integrate power from the Dukhan solar project into the national grid.
Dubai's Roads and Transport Authority (RTA) has announced plans to implement traffic improvement works at 28 locations across the emirate between July and September, including road expansions, intersection upgrades and improvements around schools and residential areas.
Saudi Arabia's National Water Company (NWC) has announced that it has completed 50 water and sanitation projects worth more than SAR2.4 billion ($640 million) in the first half of the year as the kingdom seeks to expand infrastructure and improve public services under its Vision 2030 programme.
Saudi Arabia’s Prince Mohammed bin Fahd University (PMU) has awarded a SAR994 million ($262 million) contract for the construction of a new specialty hospital within its premises at Al Khobar in the kingdom's Eastern Province. The 10-storey healthcare facility will come up on a 60,000 sqm area.
Dubai's real estate market is entering a more mature phase, with investors becoming increasingly selective and focused on long-term fundamentals rather than rapid price gains, according to a new investor confidence report.
