Turkish construction company Kalyon Inşaat has announced that its consortium has begun work on the Abu Dhabi section of the UAE's first high-speed railway network, a part of Etihad Rail's $13 billion plan to develop a passenger railway network spanning 900km across the emirates.
Red Sea International, a specialist in modular construction and prefabricated buildings, has sought regulatory approval to raise SAR280 million ($73.7 million) through a rights issue of 28 million ordinary shares, which would boost its capital to SAR762.7 million ($201 million).
Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital.
Dar Global, a London-listed luxury real estate developer, has awarded the construction contract to Gulf Asia Contracting for the podium of Trump International Hotel & Tower, Dubai, following the successful completion of all enabling works.
SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens.
Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.
Saudi-listed ASG Plastic Factory Company has announced that construction of its fourth expansion project at Sudair Industrial and Business City is expected to begin by the end of the third quarter, with commercial production targeted for the first quarter of 2028.
Construction of the Riyadh Metro Red Line extension has reached a major milestone with the completion of manufacturing and factory acceptance testing of the tunnel boring machine (TBM) that will be used to excavate the King Saud University-Diriyah Gate underground section, said a report.
Fluor Corporation, a leading provider of engineering, procurement, construction and maintenance services, has announced that it has been selected by Saudi oil giant Aramco as a programme management consultancy (PMC) contractor to support its global capital projects portfolio.
Ajman Municipality has announced the launch of its key agenda AM30x30, comprising 30 projects - including modern road network, expansion of green spaces and development of premium community facilities - across five strategic packages at a total cost of AED1.8 billion ($490 million).
