Leading Saudi PIF companies - Rua AlHaram AlMakki and Rua Al Madinah - have signed two strategic agreements with Brunei’s Perbadanan Tabung Amanah Islam (TAIB) to explore investment and development opportunities in the Kingdom of Saudi Arabia and Brunei Darussalam.
Sharjah has announced plans to implement development projects worth more than AED1.2 billion ($326 million) across its Eastern and Central regions by the end of this year covering schools, sports facilities, government buildings, tourism sites, and public parks.
Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year.
UAE-based Azizi Developments handed over seven projects by the third quarter and now aims to deliver an additional 10 projects between now and December. Azizi currently has more than 150,000 units under construction at various stages, thus reflecting the scale and pace of its ongoing development pipeline.
Dubai Healthcare City (DHCC) has marked the groundbreaking of Dubai Creek Gardens, an AED3 billion ($816.88 million) master-planned residential development by Global Partners Ltd in DHCC Phase 2.
Majid Al Futtaim, a leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, reported a record first-half EBITDA of AED2.5 billion ($680.74 million), a 11% increase year-on-year.
Oman has awarded RO114 ($296 million) project development tenders for the first half of the year. These include big-ticket projects such as the third package of Al Batinah Expressway; the construction of Al Jabal Al Abyad Road as well as Sultan Taimur bin Faisal Road dual carriageway.
Following a successful January 2026 edition that brought together Saudi Arabia's built environment community with a spotlight on project finishing and delivery, Big 5 Construct Saudi is back this August with its focus firmly on the foundations of construction.
Saudi-based Dar Al Majed Real Estate Company has announced that it had signed an agreement with Jadwa Al Manzel Real Estate Fund to serve as the exclusive developer of a 27,000-sq-m residential project in Riyadh under a contract valued at SAR 211.6 million ($56.4 million).
PG Real Estate, the boutique developer known for its design-led, low-density communities, has officially handed over PG One, its flagship mixed-use development in Al Furjan, Dubai, marking another major milestone in the company’s delivery-focused growth strategy.
