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.
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.
