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.
Nabni Developments has officially begun work on its newest residential project - Nabni Avenue 7 - located in Dubai’s Al Furjan district. Due for handover in August 2027, the 12-storey mid-rise building features 166 apartments with a mix of one- to three-bedroom units.
Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province.
TownX, one of Dubai’s fastest-growing real estate developers, has announced a significant milestone in the construction of its flagship development Ashley Hills located in the heart of Arjan community with over 40% project work already completed.
Union Properties has officially broken ground on its flagship AED2 billion ($544 million) project - Mirdad - being set up in Dubai Motor City. Spanning 356,931 sq ft, it will feature a total of 1,087 residential units along with premium amenities.
Dubai-based Mashriq Elite Real Estate Developments has broken ground on its fifth residential project - Floarea Skies - in Jumeirah Village Circle (JVC). The 23-floor development will feature 192 residences with a mix of studios, one and two-bedroom units.
Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion).
Omani authorities have announced the launch of a tender for the construction of a 30.8-km-long road network within the Special Economic Zone at Duqm (Sezad). The project covers several residential areas and the light and medium industries zone across seven sub-plans.
