Leading Saudi contractor Almabani, along with its consortium partners - CarbonCure, a Canadian clean technology company and Spanish construction group FCC - has been awarded the contract to supply lower carbon concrete for the mega King Salman International Airport (KSIA) project in Riyadh.
Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million).
Jubail and Yanbu Industrial Cities Services Company (Jabeen) has sealed an agreement with Yanbu Aramco Sinopec Refining Company (Yasref) for the funding and construction of 200 residential villas in Yanbu Industrial City, in partnership with the Royal Commission for Jubail and Yanbu.
The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.
Saudi developer Umm Al Qura has announced the launch of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by extensive infrastructure, green spaces, pedestrian pathways and modern mobility solutions.
Saudi Arabia’s Prince Mohammed bin Fahd University (PMU) has awarded a SAR994 million ($262 million) contract for the construction of a new specialty hospital within its premises at Al Khobar in the kingdom's Eastern Province. The 10-storey healthcare facility will come up on a 60,000 sqm area.
Saudi National Center for Privatization & PPP (NCP) has invited bids for the development of a 391-bed hospital in Umm Al Qura University, Makkah, as a public-private partnership venture. The project will be delivered under a 30-year design-build-finance-operate-maintain (DBFOM) contract.
Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award, offering $500,000 to support scientific work aimed at improving food security in dryland regions.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has awarded a design and build contract worth SAR1.3 billion ($342 million) to Lynx Contracting Company for the development of its premium mixed-use boulevard project in the Eastern Province of Al Khobar.
