UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
Dubai has approved a second package of economic incentives valued at AED1.5 billion ($408.44 billion). The package spans a range of sectors, including government fees and services, tourism, trade and logistics, real estate, construction, education, and arts and cultural activities.
A delegation of Dubai Investments has held a high-level meeting with Dr Khalfan bin Saeed Al-Shuaili, Minister of Housing and Urban Planning of Oman, exploring potential investment opportunities in Oman.
Kaiterra, a global leader in indoor air quality monitoring and optimisation for commercial real estate, has announced the opening of its new regional hub in Dubai. It is the first of several Kaiterra offices planned across the Gulf, as regional demand continues to accelerate.
Dubai Investments reported profit before tax of AED185.06 million ($50.54 million) for the three-month period ended March 31, 2026, compared to AED184.89 million ($50.34 million) during the same period last year.
ALEC Holdings, a market-leading diversified engineering and construction group with operations focused on large-scale, complex and iconic buildings and energy projects in the UAE and the KSA, reported a strong set of results for the first quarter ended March 31, 2026 (Q1 2026).
Dubai Municipality has invited bids from qualified and experienced contractors for a stormwater drainage upgrade project in Al Khawaneej area. The scope of work involves laying up of water pipelines with diameters of up to 1,600 mm.
NMDC Group, a global leader in engineering, procurement and construction (EPC) and marine dredging, has signed up as the Enablement Partner for the fifth edition of Make it in the Emirates, the UAE’s national platform for industrial growth and transformation, which kicks off on May 4.
Leading construction and engineering firm El Seif Engineering Contracting has become the first organisation in Saudi Arabia to achieve certification to BSI ISO 56001 Innovation Management Kitemark. This complements El Seif’s existing Building Information Modelling (BIM) and Smart Cities Kitemark.
DHG Properties, the Dubai-based developer and part of Swiss real estate and construction group DHG, has officially broken ground on Helvetia Verde, its second residential development in Dubai. Set for handover in Q1 2028, it features 108 residences with a mix of one-, two- and three-bedroom homes.
