Construction & Real Estate

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).

Construction & Real Estate

Mace Consult drives delivery of Oman's flagship cultural complex project

Tue, 01 Sep 2026

Mace Consult, a leading global delivery consultancy, is playing a key role in the delivery of the iconic Sayyid Tarik bin Taimur Cultural Complex in Muscat.

Construction & Real Estate

Tasnee completes $182m sale of Al Rowad Industrial Transformation Company

Tue, 01 Sep 2026

Saudi National Industrialization Company (Tasnee) has completed the sale of 100% of the share capital of Al Rowad Industrial Transformation Company to Saudi Holding Company for Conversion Industries (Tahweel Holding), with the final transaction consideration set at SAR683.979 million ($182.4 million).

Construction & Real Estate

Damac achieves handover of 50,000 homes, $2.72bn contracts awarded in H1

Tue, 01 Sep 2026

Damac Properties, the largest private real estate developer in the UAE and the Middle East, is currently celebrating the handover of more than 50,000 homes.

Construction & Real Estate

Red Sea Global secures Mostadam certification of 211 buildings across destinations

Tue, 01 Sep 2026

Red Sea Global (RSG), the regenerative tourism developer, has achieved Mostadam Diamond certification across 169 buildings in its Amaala staff village (grouped into 8 assets), with a further 42 buildings in The Red Sea (4 assets) also achieving the certification.