PLP Architecture, a London-based specialist in architecture and urban design, has unveiled its landmark new development - Rikaz Towers - at Al Khobar along Saudi Arabia’s east coast, creating a destination of homes, hotel and public spaces with views across the Gulf.
Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a key contract from the National Water Company for the construction of sanitary sewer networks as well as laying of manholes in Hafar Al Batin and Al Qaismah governorates.
Riyad Capital, a leading company in Saudi real estate investment sector, has announced the launch of a new residential development fund valued at SAR 1.7 billion ($453 million), in partnership with Mountain View KSA. It is aimed at developing ONE Mountain View, a semi-gated residential community in Al Rimal District.
Saudi-based Umm Al Qura for Development and Construction Company has entered into a deal with Arabian Dyar Real Estate for the sale of a 3,061 sq m plot of land within Masar Destination in Makkah. This prime plot will be used for development of residential units.
Baker Hughes has announced that it has secured a multi-year contract along with China Petroleum Engineering & Construction for the MGS project of Saudi oil giant Aramco. The work involves deployment of asset performance management suite across four booster gas compression stations (BGCS) in the kingdom.
Saudi-based Retal Urban Development Company has announced that it has secured a SAR5.2 billion ($1.38 billion) from the National Housing Company (NHC) for the construction of 4,839 residential units in the Al Fursan suburb of Riyadh City.
Saudi travellers are increasingly turning to value-driven winter getaways this November, as new data from Wego reveals a marked rise in demand for affordable domestic and regional destinations.
Cityscape Global 2025 continued in Riyadh with a series of real estate deals and policy discussions around how foreign direct investment is helping the real estate industry in Saudi Arabia.
NMDC Energy has signed a strategic MoU with Baker Hughes in Saudi Arabia to explore opportunities for localising key products and solutions. This collaboration aims to enhance service delivery in energy markets across the Middle East, North Africa, Türkiye, and India.
Corporate lending is at the core of Saudi banking sector's growth, accounting for 55% of banks' loan books. Despite this, exposure to corporate credit risk will remain contained thanks to a moderate improvement in corporate leverage, according to S&P Global Ratings.
