Construction & Real Estate

Construction & Real Estate

MBRAH new Suppliers Complex on track for 2028 completion

Wed, 02 Sep 2026

Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai South dedicated to advancing the aviation industry, has announced progress on its new Suppliers Complex, which is expected to be completed by end-2028.

Construction & Real Estate

RAK ready property sales top $170m in H1; Wynn to boost housing demand: report

Wed, 02 Sep 2026

Apartment prices in Ras Al Khaimah (RAK) rose by 6.5% year-on-year in H1 2026, with villa prices climbing almost 6% in the same period, according to new research by leading real estate advisory group and property consultancy, Cavendish Maxwell.

Construction & Real Estate

Arada, Syria fund JV to develop $7bn megaproject in New Damascus

Wed, 02 Sep 2026

Arada, one of the world’s fastest-growing master developers, has announced its entry into the Syria through a joint venture with the state-owned Syrian Sovereign Fund. The joint venture’s first project will be the development of a major new fully integrated city on a four million square metre site west of Damascus.

Construction & Real Estate

Zededa seals key Saudi distribution agreement with VAS

Tue, 01 Sep 2026

Zededa, a leader in edge intelligence, said it has sealed an agreement with VAS Limited, a value-added distributor of global technology solutions, to bring its Edge Intelligence Platform to customers across the kingdom with plans to expand into the wider GCC region.

Construction & Real Estate

AMD, Saudi PIF unit to set up $10bn AI Infrastructure powerhouse

Tue, 01 Sep 2026

Global semiconductor company AMD and Humain, Saudi Arabia’s new AI enterprise, have announced a landmark investment of up to $10 billion to build a next-generation AI infrastructure ecosystem spanning Saudi Arabia and the US.

Construction & Real Estate

Veolia signs deals with three Saudi majors to accelerate environmental security

Tue, 01 Sep 2026

Veolia, a global leader in environmental services, has signed three strategic memorandums of understanding in water technologies and hazardous waste management with major players in Saudi Arabia's industrial development.

Construction & Real Estate

Middle East Energy 2026 opens with focus on global energy resilience

Tue, 01 Sep 2026

Middle East Energy 2026 opened on Tuesday (September 1) at Dubai World Trade Centre, marking the 50th edition of the region’s leading energy event and bringing together global industry leaders to address energy security, resilience, rising demand and the transition to cleaner power.

Construction & Real Estate

Sohar International, NBO leads $720m refinancing facility for Phoenix Power

Tue, 01 Sep 2026

Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).

Construction & Real Estate

Trina Storage to launch next-generation Elementa + Electra solution

Tue, 01 Sep 2026

Trina Storage, a global leader in energy storage solutions and a business unit of Trinasolar, will launch at the Middle East Energy 2026 its latest its latest Elementa + Electra energy storage solution for the first time in the Middle East at the Storage Pavilion.

Construction & Real Estate

Flow expands into UAE with DIFC commercial licence

Tue, 01 Sep 2026

Flow, a global operator of branded residential real estate, has announced its expansion into the UAE after it was issued a Commercial Licence by the Dubai International Financial Centre (DIFC).