Diriyah Company has awarded SAR2.5 billion ($666 million) contract for the implementation of the Pendry Superblock Package within its giga project in Saudi capital Riyadh. The scope of work includes construction of the Pendry Hotel as well as premium residential and commercial assets spanning over a 75,000 sq m area.
The King Salman Park Foundation has awarded a major development contract for a mixed-use district being set up in Riyadh’s King Salman Park to a consortium led by Kolaghassi Development Company. The premium Metro-linked district is being developed at an investment of SAR11 billion ($3 billion).
Abu Dhabi-based Nord Real Estate Development has announced the launch of its mixed-use development, Novayas, in the heart of Yas Island. Designed as a refined urban sanctuary with a dedicated retail space, it features 96 apartments with a mix of studios and one- to three-bedroom units.
UAE-based Al Ghurair Development has officially broken ground on The Weave, its design-led residential development in Jumeirah Village Circle, Dubai. Set for completion in 2028, it offers 130 homes with a mix of one- to three-bedroom units as well as key amenities such as a dedicated rooftop club, infinity pool and a private cinema.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
UAE’s civil aviation and defence ministries have signed an agreement for the implementation of Phase IV of the country’s Airspace Restructuring Project, that will focus on upgrading air traffic management systems and boosting air route capacity while supporting planned expansions by airports and national carriers.
Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia.
Saudi Ministry of Sports has invited bids from top contractors to carry out construction works for the King Salman Stadium project in Riyadh. One of the world's largest sports venues, it will boast a seating capacity of over 92,000 along with key amenities.
UAE-based Azizi Developments has announced that work is in full swing on its premium project - Rêve - located within Phase IV of its French Mediterranean-inspired waterfront community Riviera in Dubai - with the project now achieving 65% construction milestone.
Symbolic Developments, the real estate division of Speedex Group, said it has closed 2025 as its most transformative year yet, mainly driven by rapid delivery, solid investor performance and an expanding community footprint.
