Construction & Real Estate

Jubail 3B water project enters commercial operations

Saudi Water Partnership Company has announced that its key utility project - Jubail 3B Independent Water Desalination Project - has entered into commercial operation.
 
The SAR2.6-billion ($692 million) was developed by a consortium led by French energy giant Engie with prominent local firms Nesma Company and Alajlan Company as partners through a SPV - Al Jubail International Water Company.
 
A state-of-the-art facility, it employs reverse osmosis technology to produce 570,000 cu m of potable water per day, catering to the needs of two million residents in Riyadh and Qassim.
 
It also boasts storage tanks to hold a day's worth of production and an in-house solar power system aimed at reducing reliance on the national electricity grid.
 
According to SWPC, the project had reached financial closure in October 2021, following its collaboration with the Engie consortium (which had submitted a competitive bid with $0.42 per cu m waater tarriff in 2020).
 
SWPC had in March this year announced the successful reliability run test for Jubail 3B plant after 30 days of production at full capacity.
 
The project has been developed under a build-own-operate (BOO) contract spanning 25 years. As per the deal, Engie holds a 40% stake in Al Jubail International Water Company, while Nesma and Alajlan each have a 30% share.-TradeArabia News Service

Construction & Real Estate

Reynaers Middle East showcases innovative solutions at BAU 2025

Reynaers Middle East, a leading provider of sustainable aluminium solutions, has concluded its participation in BAU 2025, the world’s leading trade fair for architecture, materials, and systems. 
The event took place from January 13 to 17 in Munich, Germany.
 
Held every two years, BAU brings together architects, planners, investors and representatives of the industrial and commercial sectors, drawing expertise from all relevant branches at a high international level. It promotes a concrete exchange of ideas and information while releasing synergies.
 
As a pioneer in the development of advanced aluminium systems, Reynaers Middle East presented its latest innovations and sustainable solutions designed to meet the evolving needs of the market in the region and beyond. 
 
The participating team included Ali Khalaf, Managing Director; Aws Salih, General Manager, UAE & Oman; Lance Cornils, General Manager, Saudi Middle and West; Abdulla Mayoof, Technical Manager; Isa Al Wadi, Area Manager, QBK-SE; Mohannad Al Qudah, Area Manager, (UAE & Oman); and Majed Shaheen, Area manager, Saudi Middle, West and Egypt. 
 
The team attended the week-long fair where they provided insight and answered questions about product specifications, project applications, and sustainability initiatives.  
 
Visitors to the booth were introduced to ways Reynaers’ solutions could be integrated to transform their building projects. They viewed a range of products combining aesthetics with functionality that prioritise thermal performance and eco-friendliness. Furthermore, Reynaers highlighted its efforts in promoting circular building economy principles through the use of recyclable materials and sustainable manufacturing processes. 
 
“We are thrilled to conclude our participation in BAU 2025, which serves as a global platform for industry leaders to connect, share ideas, and showcase cutting-edge technologies,” commented Ali Khalaf. 
 
He continued: “This successful participation underscores our commitment to driving innovation in the sector and promoting sustainable practices that enhance the quality of living and working spaces.” – TradeArabia News Service 

Construction & Real Estate

ASAS Real Estate offers freehold industrial plots in Sharjah

ASAS Real Estate, a subsidiary of Sharjah Islamic Bank, has launched sales of phase two of the Sajaa Industrial Lands project, located in Sharjah’s Sajaa Industrial Area.
 
The project offers freehold ownership for UAE nationals, GCC citizens, and Arab residents in the UAE, with flexible payment plans extending up to 24 months, said a report by Wam news agency.
 
Ahmed Al Ameri, General Manager of ASAS Real Estate, stated that phase two builds on the success and demand seen during phase one in late 2024. He highlighted the company’s commitment to providing competitive investment opportunities for individuals and businesses, offering lucrative returns aligned with the growth of the UAE’s real estate sector.
 
The initiative aims to foster economic diversification and support Sharjah’s industrial development by empowering private-sector participation and enabling investors to launch and expand their industrial activities.
 
Al Ameri noted that the second phase includes 1,239 strategically located plots with robust infrastructure, facilitating industrial and commercial projects.
 
The plot sizes range from 9,500 sq ft to 30,000 sq ft, with prices starting at AED1,045,000 and reaching up to AED4,050,000.
 
A 20 per cent down payment is required, with a flexible payment period of 24 months. Special financing options are available through Sharjah Islamic Bank. Investors can construct warehouses with mezzanines on industrial plots, while commercial-industrial plots allow for showrooms, offices, and warehouses with specific height configurations.
 
ASAS Real Estate has a specialised team at its Sharjah headquarters to assist investors with project details and technical queries. Financing options are also provided through Sharjah Islamic Bank, it said.