Qiddiya Investment Company, a subsidiary of Saudi Arabia's sovereign wealth fund PIF, has named its 18-hole championship golf course within its Qiddiya City development as the National Golf Club and appointed Golf Saudi to operate the facility under a five-year management agreement.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has announced that it has awarded a three-year contract to DAAM Facilities Management Company to provide integrated FM services for one of its key retail destinations - Westfield Jeddah - located in the port city of Jeddah.
Saur Group, a global pure-play water services company, has achieved a major health and safety milestone in Saudi Arabia, recording 30 million safe man-hours under its operations and maintenance (O&M) contract with the National Water Company (NWC) across the Eastern Cluster.
Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has announced that it has successfully completed its 10th consecutive summer without a single heat-related injury or illness, reinforcing a decade-long track record of disciplined safety execution and preventive risk management.
Dubai-based developer H&H has announced the groundbreaking of its premium project - Eden House Dubai Hills - a 32-villa residential community designed around architecture and hospitality-inspired living with a mix of five- and six-bedroom units set within landscaped surroundings.
Leading real estate expert Cavendish Maxwell has appointed David McCormack as the new director of capital markets. An industry veteran with nearly 25 years of real estate experience, including 18 in UAE, McCormack brings extensive expertise in investment transactions, asset repositioning and strategic real estate advisory.
Saudi Arabia’s Royal Commission for Makkah City and Holy Sites has announced that it has completed the extension work on the Third Ring Road, a vital link to Makkah city, and opened it to traffic. This road can accommodate up to 170,000 vehicles per day in both directions.
Binghatti Capital Limited, an investment management firm in Dubai, has announced that one of its key funds has achieved a net internal rate of return (IRR) of 194% and a net multiple on invested capital (MOIC) of 2.3x for external limited partners.
Oman's Public Authority for Special Economic Zones and Free Zones (Madayn) has signed 28 investment agreements worth more than RO304 million ($790 million) to establish new projects and expand existing operations across its special economic zones, free zones and industrial cities, said a top official.
Remat Al-Riyadh Development Company, the development arm of Riyadh Municipality, has signed a contract with International Modern Industries Company for the development and operation of the first phase of an alternative mobility network spanning about 22 km in the Saudi capital.
