Arada has awarded two contracts for the next set of 2,210 homes in Sharjah’s AED35 billion Aljada megaproject. Collectively valued at AED2.04 billion ($555.48 million), the deals cover main construction activities across 14 residential blocks.
Leading Abu Dhabi developer Aldar said it had awarded contracts worth AED66 billion ($18 billion) in 2025, covering a diverse portfolio of residential, commercial, infrastructure, and logistics projects, thus underscoring the continued pace of development across the UAE.
In a major move, Saudi Arabia has allowed limited exemptions to its regional HQ rule, permitting government entities to sign contracts with international companies which do not have a base in the kingdom, said a report. This directive applies to all government agencies, funds and their affiliated bodies.
Parsons Corporation, a key provider of solutions for global infrastructure markets, has announced that it has been awarded two contracts worth a combined total of over $100 million to perform programme management and design engineering for two Middle East government customers.
Omran Group has signed strategic agreements worth RO122 million ($316 million) with Grova Developments, the real estate unit of Hassan Allam Holding and Omani group Aurelian Development to deliver integrated residential and tourism projects at Madinat Al Irfan and Yiti tourism projects in the sultanate.
Kuwait Oil Company (KOC) has awarded a series of contracts worth KD208 million ($676.8 million) to major global firms including Western Atlas and Halliburton for the provision of logging and perforation services as part of its ongoing efforts to boost upstream oil and gas operations.
