Saudi Arabia's King Salman International Airport Development Company (KSIADC) is preparing to tender two new infrastructure contracts for King Salman airport in Riyadh after completing the contractor prequalification stage. It aims to accommodate up to 120 million passengers by 2030, said a report.
Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report.
Parsons Corporation said it has secured a three-year contract to provide construction management as well as construction supervision services for the Lusail City Infrastructure Program, a master-planned development north of Doha, Qatar.
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).
Abu Dhabi has launched a Cooling Load Manual aimed at improving energy efficiency in buildings by enhancing the accuracy of cooling system design, a move expected to reduce equipment and infrastructure costs, electricity consumption and operating expenses.
Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects.
GCC states have achieved advanced IMD World Competitiveness global rankings across key indicators including - economic performance, government efficiency, business competitiveness and infrastructure - underscoring the impact of reforms aimed at boosting growth and attracting investment.
Bahrain has announced the opening of the first phase of North Isa Town Interchange project, allowing traffic onto a new flyover designed to ease congestion on one of the kingdom's busiest highways. It is part of Bahrain's wider infrastructure development programme linking Riffa, A'ali, Sanad, Salmabad and Isa Town.
SURJ Sports Investment, a Saudi PIF company, together with Live Nation and Oak View Group (OVG), has announced the launch of radia, a joint venture to support the growth of the kingdom’s sports infrastructure - including venue management, operations, activations and commercialisation.
Oman has begun implementing RO105 million ($273 million) road projects in North A'Sharqiyah Governorate as it expands the country's transport infrastructure under its Vision 2040 strategy. These include building of new roads, expansion of existing network and the dualisation of key highways.
