Saudi Arabia's construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders. The seasonally adjusted index rose to 55.4 in August from 55.2 in July, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global.
Emirates Green Building Council is set to bring together industry leaders, policymakers, innovators and students for World Green Building Week, with its UAE programme focused on spotlighting female leadership in the sector as well as accelerating the shift towards low-carbon construction.
Construction is gathering pace on the first phase of the Islamic World District (IWD), one of the flagship developments within Knowledge Economic City (KEC) in Madinah, with 1,835 hospitality keys currently under construction across Clusters 1 and 2 and the district’s first permanent structures beginning to emerge.
The UAE construction market remains resilient mainly driven by strong activity in key sectors such as data centres, hospitality, industrial and residential development, but the conditions for delivering projects are changing, according to an industry expert.
ACICO Group, a Kuwait-based building materials and construction company, said it has reached agreements with two local creditor banks to restructure its outstanding debt and financing obligations, thus bringing completed settlements to about 80% of the total creditor bank obligations.
Oman's Sultan Haitham City is moving closer to its first phase of occupancy after three electrical substations were commissioned to supply power to residential areas, public facilities and development projects. This comes as construction and infrastructure work accelerates across the mega development located in Muscat.
PlanRadar, a digital platform working with construction teams around the world, has identified six skills that are becoming increasingly important on the modern jobsite, helping professionals work more efficiently and adapt as construction becomes more digital.
Spanish infrastructure major Acciona said it has achieved a major safety milestone in Qatar by clocking 20 million safe man hours without a Lost Time Injury (LTI) across its water operations in the country. The milestone represents 917 consecutive days without an LTI, with the record maintained since February 2024.
Saudi-based Asas Makeen Real Estate Development and Investment Company has signed up Itihad Al Thabat Contracting to execute and complete the construction and finishing works required for a number of residential and commercial projects being developed by the company in Riyadh.
The Institute of Construction Claims Practitioners (ICCP) is set to launch the ICCP Claims Management Protocol, a free framework designed to help contractors, consultants and employers manage construction claims in a structured and professional manner, on October 7 in Dubai.
