ASMO, a joint venture between Saudi Aramco and DHL Supply Chain, has partnered with Arcapita, a global alternative investment firm, to develop a 1.4 million sq m purpose-built logistics facility at King Salman Energy Park (Spark) in Saudi Arabia that will house a 43,000-sq-m Grade-A warehouse as well as offices and staff facilities.
Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract worth KD174.2 million ($567.4 million) from Kuwait Oil Company for the construction of flowlines and associated works at its upstream oil facilities.
Italian group Saipem has announced that it has secured a new engineering, procurement, construction and installation (EPCI) contract for an offshore project from Saudi oil giant Aramco. The work is for a 48-inch trunkline, comprising 65 km offshore and 12 km onshore in Safaniya oil field.
Registered tenancy contracts in Dubai recorded a 6% increase in volume and a 17% increase in value in 2025, compared to 2024, reaching 1.38 million contracts with a total value of AED126.4 billion ($34.42 billion).
Dubai witnessed notable progress in the pace of real estate project completion in 2025, with the number of completed projects rising to 124, marking a 7% increase and a total value of AED27.5 billion ($7.49 billion), reflecting a 23% increase.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has entered into a deal with a venture of Buhur Investment Company and Jindal Saw Company, for the establishment of a carbon steel pipes manufacturing plant with an annual production capacity of up to 350,000 MT.
Ducab, a leading UAE-based end-to-end energy solutions provider and manufacturer of high-quality cables and wires, has marked a significant milestone with the successful completion of the Middle East’s first Extended Pre-qualification (EPQ) testing in collaboration with Brugg Cables, a leading suppliers of speciallised high-voltage accessories.
Dubai office sales values more than doubled to reach AED13.1 billion ($3.57 billion) in 2025, as the sector delivered its strongest annual performance since 2014, says leading real estate advisory and property consultancy, Cavendish Maxwell.
KBR has won a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the gigantic Majnoon Oil Field, the company has announced.
Blue Square, a leading real estate developer with a major presence in Lebanon, Egypt and Kuwait, has announced its foray into the UAE market with its inaugural project - Vayla Residences - on Dubai Islands, featuring a mix of one- and two-bedroom apartments alongside exclusive one- to three-bedroom duplexes.
