Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global.
Saudi Arabia's Public Investment Fund (PIF) today launched Gulf Coast Development Company to create an integrated tourist and residential destination on the Al-Khafji coast overlooking the Arabian Gulf.
The average cost of a home has dropped year-on-year in Dubai for the first time since February 2021 – the peak of the Covid 19 pandemic – according to leading real estate advisory and property consultancy, Cavendish Maxwell.
Construction work has commenced on a number of factories and investment projects at Al Suwaiq Industrial City, which reflects the growing industrial activity in the city, enhances its appeal as an ideal investment destination in Oman’s North Al Batinah Governorate.
FTS Cleanrooms, a turnkey cleanroom design, manufacturing and validation firm, has secured a contract to design and build a 350 sq m cleanroom facility for a medical device facility in Dammam.
Dubai Square has unveiled its vision for an air-conditioned parking environment with full interior design treatment, extending the quality of the destination beyond the mall entrance and into every stage of the arrival and departure journey.
Meraas, a member of Dubai Holding Real Estate, has awarded Parkway International Contracting a main construction contract worth more than AED590 million ($160.65 million) for the delivery of 394 apartments across four residential buildings as part of Phase 3 at City Walk Crestlane.
Al-Modawat Specialized Medical Company is expanding the inpatient capacity of Al-Modawat Hospital by 60% as part of a wider expansion programme driven by high demand.
Azizi Developments is showcasing its complete portfolio of residential and mixed-use developments across the UAE at the 22nd edition of the International Property Show (IPS).
Qiddiya Investment Company and Cleveland Clinic have formalised a strategic advisory collaboration to support the design, development and operational planning of world-class sports medicine and performance centres in Saudi Arabia.
