Dubai's real estate market recorded 3,308 resale transactions worth AED15.39 billion ($4.19 billion) in March, delivering a net gain of AED4.6 billion for long-term investors.
MGB, a leading construction, property development and IBS precast concrete manufacturer, has secured a key contract from leading Saudi developer Roshn for the construction of 75 villas under its Marafy Al Arous Development Project in Jeddah.
Sharakat, a leading entity in the water sector in Saudi Arabia, has announced that work is in full swing on its Al Haer Independent Sewage Treatment Plant (ISTP), being set up at an investment of SAR1.8 billion ($479 million), in Riyadh, and is on track for commercial operations by the end of this year.
The International Fund for Agricultural Development (IFAD) has joined the World Bank Group's Water Forward, a new global initiative that aims to deliver water security for up to 1 billion people by 2030.
The “Abha Walk” project on King Fahd Road in Abha, a key urban development supporting economic activity and tourism in the Aseer Region, is progressing through construction phases.
Bahrain's Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa has directed the Works Ministry to initiate the necessary procedures to implement the Shaikh Jaber Al Ahmad Al Sabah Highway Development Project.
Dubai Holding Real Estate and Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have signed a memorandum of understanding to introduce integrated mortgage financing solutions for off-plan residential developments across Meraas, Nakheel and Dubai Properties.
Saudi Arabia's Public Investment Fund (PIF) Governor Yasir Al-Rumayyan said NEOM projects are presently being restructured to achieve higher economic efficiency and long‑term financial sustainability.
The Saudi Ministry of Sport has invited qualified contracting companies to submit prequalification bids for preliminary works on the landmark King Salman Stadium in Riyadh, a centrepiece venue for the 2034 FIFA World Cup.
In a more cautious and evolving operating environment in the region, Dugasta Properties, a leading UAE real estate developer, has announced that it stands firmly behind its people, the foundation of everything it builds.
