Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029.
UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management.
Fire safety professionals and officials from across the Middle East joined thousands of global experts at the National Fire Protection Association (NFPA) Conference & Expo 2026 in Las Vegas, taking part in high-level discussions on advancing fire prevention, life safety standards and resilient infrastructure.
UAE developer Damac Properties has announced the launch of the sixth and final tower of Chelsea Residences by Damac - the world’s first football-branded residences located in Dubai Maritime City - following the exceptional sell-out performance of the first five towers.
Saudi Wood Expo, the largest and licensed wood exhibition in the kingdom, will be back for its third edition starting from August 30 in Riyadh bringing together international exhibitors and industry professionals from over 20 countries to explore opportunities in the kingdom's $4.1 billion wood sector.
UAE-based Azizi Developments has announced that nearly 80% of the construction work has been completed on Rêve - a premium project within its French Mediterranean-inspired waterfront community Riviera in Meydan, Dubai - and is on track for Q4 completion.
Luxury property advisory BlackBrick has identified Abu Dhabi as one of UAE's most compelling long-term residential investment markets, as economic diversification, government-backed masterplanning and international investment continue to boost confidence in the capital's long-term outlook.
Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert.
