Dubai developer Object 1 has officially announced the completion of its premium project - RA1N Residence - in Dubai. Located in District 12 of Jumeirah Village Circle (JVC), the 25-storey tower features 144 units with a mix of one- and two-bedroom apartments with jacuzzi.
Shandong Electric Power Construction Corporation III has achieved a key milestone with the successful connection of the first wind turbine at the 600MW Al Ghat Wind Power Project in Saudi Arabia to the grid. The project comprises 80 wind turbine units, each with a capacity of 7.7MW.
Alef Group, a premier real estate developer in the UAE, has announced plans to develop a new community mall within Hayyan, one of its projects in Sharjah, reinforcing the group’s vision of creating integrated destinations that enrich everyday living.
Sustainable concrete blends is a major nature-positive investible opportunity, says World Economic Forum's new report, 50 Investible Opportunities for a New Nature Economy.
Zoya Developments has launched Nuvé by Zoya, a new mid-rise residential development in Dubai Land Residence Complex, valued at AED202 million ($54.99 million).
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South Korean builder and Samsung C&T has been terminated, according to a regulatory filing.
Asas Makeen for Real Estate Development Company has announced that it has secured a major contract from Awa'id Al Hada for the development of a villa community project in Riyadh. The scope of work includes management and construction of key residential units over a 10,468 sq m area.
Saudi-based Retal Urban Development Company has announced plans to raise its capital to SAR555 million ($151 million) from SAR500 million ($136 million) in a bid to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding.
Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of Expo 2030 Riyadh development. The scope of work includes setting up of three 132/13.8kV substations along with other work linked to its integration with the national electricity grid.
Leading UAE developer Arada has achieved a key milestone with the sale of a five-bedroom residence at Armani Beach Residences at Palm Jumeirah in Dubai for AED92.5 million ($25 million) to Francis Ngannou, the Cameroonian former UFC heavyweight champion and professional boxer.
