Oman has begun implementing RO105 million ($273 million) road projects in North A'Sharqiyah Governorate as it expands the country's transport infrastructure under its Vision 2040 strategy. These include building of new roads, expansion of existing network and the dualisation of key highways.
Dubai-based Avenew Development has announced plans to develop The Ritz-Carlton Residences Dubai in The World Islands, the latest addition to its growing portfolio of distinguished addresses and its second collaboration with Marriott International.
Saudi Arabia's National Water Company (NWC) has completed a water distribution network project in Al Shanan Governorate in the Hail region. The work involved laying of more than 21 km of water pipelines as well as providing service to more than 857 beneficiaries through 175 new connections.
Sohar Port and Freezone has announced the groundbreaking of its Zinc Recycling Industrial Park located on a 100,000 sq m site within its key development. Once operational, it is expected to produce 100,000 T of refined zinc ingots and 50,000 T of zinc oxide annually for customers across the region.
Saudi Arabia's Knowledge Economic City has announced the sale of 17,624.85 sq m plots of land within its premises in Madinah to two key entities - Al Bawaba International Investment and Olu Real Estate Company. The duo will be using these plots for the development of a mixed-use project.
Dubai's Roads and Transport Authority (RTA) has approved a five-year plan to expand the emirate's soft mobility network through 2030. The plan encompasses infrastructure development across 25 residential areas and upgrades to the facilities at 63 public transport stations.
Saudi Ports Authority (Mawani) has signed seven contracts worth a total of SAR1 billion ($262 million) with national and international companies for the construction and expansion of logistics centres at Jeddah Islamic Port and the Al Khumra logistics zone.
Global chemical leader Saudi Basic Industries Corporation (Sabic) has signed an agreement with China’s Rongsheng Petrochemical and its wholly-owned subsidiary Zhoushan to jointly advance the development of the Jintang New Materials Project in Zhoushan, Zhejiang Province, China.
Abu Dhabi's real estate transactions more than doubled in value during the first half to hit AED117 billion ($32 billion) mainly driven by strong growth in property sales and foreign investment, said a report. The total number of property deals for the period surged by 61.7% to 25,714.
Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
