Saudi Arabia's Retal Urban Development has announced that its subsidiary Building and Construction Company has secured a key contract from associate Remal Park Fund to carry out design and construction works for the Remal Business Court project in Al Khobar.
Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion.
Indian engineering and construction conglomerate Larsen and Toubro said its subsidiary L&T Energy Hydrocarbon Offshore has secured an ultra-mega order, valued at over Rs150 billion ($1.57 billion) - from a major client in the Middle East for the development of multiple offshore facilities.
A property expo in the south Indian state of Hyderabad this October backed by the Dubai Land Department (DLD) and official property entities from the Northern Emirates will highlight the resilience of the UAE property market, said the event organisers.
Dubai’s Roads and Transport Authority (RTA) has completed road upgrades on Al Marabea’ Street as part of its vital infrastructure development project. The scope of work included expanding a 1.1-km section of Al Marabea’ Street from Al Khail Road exit to Al Asayel Street.
UAE-based Samana Developers has announced that it has launched three new residential projects - Samana Portside, Samana Greenfield 2 and Samana South Haven - in less than one month, adding 630 new apartments across key growth areas in Dubai.
Abu Dhabi Future Energy Company (Masdar) and ScottishPower Renewables have completed a major construction milestone at the £4 billion ($5.4 billion) East Anglia THREE offshore wind farm, with all 95 foundations now installed off the Suffolk coast.
Emirates District Cooling (Emicool), a leading provider of sustainable district cooling services in the UAE and a joint venture between Dubai Investments and Actis, has unveiled a structured roadmap towards Net Zero operations by 2050.
Diriyah Company has signed a SAR2 billion ($533 million) financing agreement with Arab National Bank to support the development of branded residences within Diriyah, its flagship project to transform an ancient city near Riyadh.
WSP, one of the world’s leading professional services consulting firms, has appointed Dincer Mete as Director of Infrastructure, Middle East. Based in Riyadh, Dincer will support the continued growth and delivery of WSP’s Transport & Infrastructure business across the region.
