UAE-based Tomorrow World Properties has officially appointed SKR Building and Contracting (SKR) as the main contractor for its new premium development, Tomorrow 166, located on Dubai Islands. The construction work is officially underway, with handover set for Q4 2027.
Saudi developer Emaar, The Economic City has announced that it has awarded an infrastructure construction contract worth SAR547.4 million ($146 million) to Nesma & Partners for key projects within the Special Economic Zone in the Industrial Valley of King Abdullah Economic City (KAEC).
Dubai International Financial Centre (DIFC) has awarded the main construction contract for DIFC Heights Tower, an AED3 billion ($816.88 million) gross development value mixed-use project located within Gate District, to Al Basti & Muktha (ABM).
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.
A consortium led by Abu Dhabi National Energy Company (Taqa) with Saudi group Aljomaih Energy and Water Company and China's Sembcorp Industries has secured the contract for the Taweelah combined cycle gas turbine (CCGT) project in Abu Dhabi with a 2.6GW capacity.
First Avenue for Real Estate Development has announced that its consortium has signed a framework agreement with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment Company for the development of Eastern Hindawiyah, its flagship project in Makkah city.
Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah.
The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on Monday June 22, introducing the first same-day physically settled spot gold product on a regulated exchange in the GCC and positioning Dubai among a limited number of international markets offering such functionality.
EDGE Group, an UAE-based defence company, has announced that its contracts under execution exceed $25 billion, underscoring the strong international demand for its products and solutions. About 50% of those contracts are allocated to exports and are scheduled over multi-year timelines.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group.
