Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis.
Saudi Arabia's Tourism Development Fund (TDF) has announced that Rixos Murjana is set to open in King Abdullah Economic City on Saudi Arabia’s Red Sea coast, positioning itself as the country’s largest ultra all-inclusive resort featuring 488 rooms and suites as well as 33 villas.
Indian construction conglomerate Larsen & Toubro (L&T) has signed up Nextpower Arabia, the newly formed joint venture between Nextpower (formerly Nextracker) and Abunayyan Holding, to provide 2.25 gigawatts (GWp) of advanced solar tracking systems for the Bisha Solar project being developed by an Acwa-led consortium.
Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer.
North 51 Consulting has secured the lead project and cost management consultancy contract for an ultra-luxury residential villa within the Al Barari community in Dubai. Set on a 33,956 sq. ft. plot, the villa features five bedrooms with key facilities including a private cinema, gym and sauna facilities.
Penspen, a major provider of engineering and project management services, has announced a record year for 2025, securing 65 new contracts worth $456 million across the Middle East and Africa region. These included project management supervision, FEED, consultancy and detailed design contracts.
Leading Korean group Ssangyong Engineering & Construction (Ssangyong E&C) has won a $250 million contract from Dubai's state-owned real estate developer Wasl to build two high-rise residential developments in the Downtown Dubai area, said a report.
UAE-based Azizi Developments said more than 30% work has been completed on its premium project - Beach Oasis II - located in Dubai Studio City. A modern low-rise residential community, it features 694 residences with a mix of studios, one- and two-bedroom residences,
Idom, a multinational company providing professional services in consulting, engineering and architecture, said it has secured the Front-End Engineering Design (FEED) contract for the flat products expansion project of Saudi Iron and Steel Company (Hadeed) in Jubail.
Mace Qatar, a specialist in infrastructure construction and district cooling service, has joined hands with French utility major Suez to start the operation and maintenance of Qatar West Catchment Zone. The scope of work covers 1,375 km of foul sewer network, key treatment facilities as well as 43 pumping stations.
