Hamad Mohammed Bin Saedan Real Estate said it has signed a deal with Bloom Investment Saudi to establish a real estate investment fund focused on warehouses in Riyadh. The new 'HS Logistics Fund' will aim to acquire prime plots spanning about 130,276 sq m in the Saudi capital for these logistics projects.
Saudi-based Al Yamamah Steel Industries Company has signed two agreements with Algihaz Contracting Company to deliver steel towers for a project involving the construction of 380kV ultra-high-voltage transmission lines in the kingdom's Western Region.
Saudi Arabia Railways (SAR) has announced that it has signed an agreement with top Swiss rolling-stock manufacturer Stadler to purchase 10 new passenger trains for over CHF300 million ($360 million). This doubles the fleet of vehicles specially developed for Saudi Arabia to 20 train sets.
Saudi Arabian Refineries Company (SARCO) has announced that one of its key subsidiaries - Lawazim Industrial Company - has been signed up by Saudi Binladin Group to deliver subcontracting works for its National Guard Housing Project located in Qassim region.
Saudi Arabia and the UAE signed a memorandum of understanding (MoU) in Riyadh on Thursday to strengthen strategic cooperation to advance railway connectivity between the two countries.
Saudi Arabia-based GAS Arabian Services Company has announced that it has secured a key contract from the Saudi Power Procurement Company (Principal Buyer) to deliver engineering, procurement, installation, testing and commissioning services for the Ghazlan 1 Sales Gas Delivery System.
Abu Dhabi is entering a major growth phase with the development profile of a far more established branded residences market, with 92% of projects in its pipeline now standalone, said a top advisory firm. Abu Dhabi now has 31 branded home projects, of which five stand fully completed.
The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has sealed a strategic partnership deal with Patrizia, an investment manager in real assets, to deepen co-operation around infrastructure investment as well as boost project delivery in the UAE capital, drawing on Patrizia’s wider real assets expertise.
The Abu Dhabi Real Estate Centre has announced the launch of a new mandatory licensing curriculum - the Abu Dhabi Real Estate Broker Transformation Course - mainly designed to upskill real estate brokers and prepare them to act as trusted real estate advisors.
ALUPCO, a leading building solutions provider in Saudi Arabia, has signed a strategic partnership agreement with Bahrain-based Al Hilal Stonework (AHS) to provide specialist stonework services for projects across the kingdom.
