Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.
MAIR Group, a strategic investment company focused on grocery retail and commercial real estate, is set to redevelop and expand its key retail asset, Mall of Al Ain, in Abu Dhabi, adding hotel facilities and upgrading the property's retail, dining, entertainment and public spaces.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
UAE developer Damac Properties has announced the launch of the sixth and final tower of Chelsea Residences by Damac - the world’s first football-branded residences located in Dubai Maritime City - following the exceptional sell-out performance of the first five towers.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has announced that it has awarded the design and infrastructure development works contract for Al Khobar Downtown, a major mixed-use lifestyle, retail and entertainment destination coming up in the kingdom’s Eastern Province.
MBC Group, a leading media and entertainment conglomerate, has joined forces with Cenomi Centers, the developer of contemporary lifestyle destinations in Saudi Arabia, to bring first-of-its-kind live TV and radio broadcasting into Saudi Arabia’s premier lifestyle destination, Westfield Riyadh.
The One Atelier, a complete turn-key service company offering consultancy and design and build, has launched The One Capital, an innovative blockchain platform focused on early-stage development in branded real estate through tokenised real-world asset structures.
Cenomi Retail, a leading franchise retailer in Saudi Arabia, reported a revenue growth of 2.4% year-on-year (YoY) in Q1-2026, to SAR1.36 billion ($360.98 million).
UAE-based Alef Group has awarded the early works contract for its flagship project Olfah coming up in Sharjah. An integrated lifestyle destination, it features a mix of residential living, expansive green spaces and community amenities within a walkable urban environment.
The “Abha Walk” project on King Fahd Road in Abha, a key urban development supporting economic activity and tourism in the Aseer Region, is progressing through construction phases.
