The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of its second Residential Mortgage-Backed Securities (RMBS) issuance, marking a significant step in the development of the kingdom’s securitisation market.
BI Group has signed a deal with Citic Middle East Contracting, the UAE subsidiary of Chinese group Citic Construction, to collaborate on the construction of three real estate developments in Dubai - all coming up in Meydan Horizon. As per the deal, Citic will be the main construction contractor across all three projects.
Elsewedy Electric said its joint venture with Sinohydro, a leading global contractor, has won a major contract from Al Mourjan Two for Electricity Company, to provide EPC services for the Rabigh 2 Independent Power Plant (IPP) Expansion Project, a gas-fired combined-cycle development with a total value of $2.2 billion.
Saudi Steel Pipe Company (SSP), a leading manufacturer and supplier of electrically resistance welded (ERW) steel pipes, has announced that it has secured a key contract to deliver steel pipes to Saudi oil giant Aramco. The entire supply work will be completed within a one-year period.
The 3rd annual International Geotechnical Innovation Conference (IGIC 2026) is set to kick off on November 9 in Riyadh, drawing more than 700 delegates as well as leading geotechnical experts for two days of technical sessions, keynote presentations, case studies and high-value networking.
Dalipal Holdings, a leading Chinese manufacturer of pipes and equipment for the oil and gas sector, has signed a 25-year land lease deal with King Salman Energy Park to set up its manufacturing base at SPARK. The company is set to invest $600 million in the first phase of its major Saudi complex.
Omran Group has signed strategic agreements worth RO122 million ($316 million) with Grova Developments, the real estate unit of Hassan Allam Holding and Omani group Aurelian Development to deliver integrated residential and tourism projects at Madinat Al Irfan and Yiti tourism projects in the sultanate.
Leading Indian real estate developer Casagrand has appointed Jaseera Building Contracting for its inaugural development in the UAE - Casagrand Hermina - located at Dubai Islands. With foundation works now complete, the project is on track for handover in Q2 2028.
Moma International, a leading architecture and interior design studio, has announced that it has achieved a major construction milestone on its five-star beachfront property, J1 Hotel, in Dubai with the completion of 65,000 cu m of concrete pour by the project team clocking five million safe man hours.
The World Steel Association (worldsteel) forecasts GCC steel demand to fall by about 11% in 2026, a sharp reversal of the trajectory it published in April.
