Spanish engineering and construction company Técnicas Reunidas has secured a Letter of Intent (LOI) for a $1.65 billion contract to build onshore gas facilities for a major gas field development in the Middle East, thus strengthening its position in the region's energy infrastructure market.
Bahrain's Eskan Bank has invited bids from leading contractors for Madinat Salman Community Development Phase II project. The projects cover a central market, a supermarket and a sports facility - featuring two football fields and two drive-through buildings - with a combined BUA of 5,231 sq m.
UAE-based engineering and construction group ALEC Holdings has recorded a 67.6% jump in its H1 revenue which rose to AED8.99 billion ($2.45 billion), helped by higher activity across its major projects, while profitability was hit by disruptions to energy services amid regional geopolitical tensions.
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Shamal Holding, a UAE diversified investment company, has awarded the main works contract to Dutco Construction for its new residential project on the former Dubai Zoo site in Jumeirah 1. Once completed, it will boast 90 low-rise homes that blend refined architecture, nature and connected living.
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).
