CATEGORIES
Cityscape Global nets $61bn realty deals
Global confirmed its position as the largest real estate exhibition in the world, bringing down the curtain on its second edition at the Riyadh Exhibition and Convention Center last month by revealing a staggering SR230 billion ($61.3 billion) in real estate transactions across the four-day show. This total, organisers say, underlines how “Saudi Arabia is now a global hub for real estate”.
Kleindienst reveals $6bn plan for 5,000 Dubai rooms
Group, a leading global business conglomerate and the master developer behind The Heart of Europe on Dubai’s World Islands, has announced a major expansion that will see the addition of 5,000 five-star hotel rooms to Dubai’s hospitality sector.
Adnoc JV awards $2bn EPC deals for petchem project
TA’ZIZ, a joint venture between key Emirati entities Abu Dhabi National Oil Company (Adnoc) and ADQ, has awarded engineering, procurement and construction (EPC) contracts worth over $2 billion for the development of essential site infrastructure to advance the Ta’ziz chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of Abu Dhabi.
Damac Properties unveils sixth master community
Properties, UAE’s leading property developer, has announced the launch of its third and largest master community – Damac Islands – unveiled this year and the sixth in its portfolio of master development projects.
Dubai's $4.36bn roads plan to cover 22 projects
AED16-billion ($4.36 billion) 2024-2027 Main Roads Development Plan will add 22 projects across the emirate’s expanding road network, benefiting over six million people and supporting Dubai’s comprehensive development plans, it has been revealed.
Wynn's RAK resort project on track for 2025 completion
Resorts Limited has announced that work was moving at a steady pace on its newest resort-Wynn AI Marjan Island - coming up in Ras AI Khaimah with 55 per cent of the structural concrete work completed.
Nakheel marks milestones at Palm Jebel Ali project
NAKHEEL has announced the release of its latest luxury residences at Palm Jebel Ali: The Beach Collection - an exclusive collection of bespoke beach villas.
NHC to build 10,000 new residential units in Riyadh
Arabia's National Housing Company (NHC) has announced the launch of 11 key residential projects in the Khuzam area of capital Riyadh featuring over 10,000 units ranging from luxurious villas to contemporary apartments - thus catering to different clients' needs.
Tilal unveils $1.6bn luxury development in AI Khobar
Real Estates, a leading real estate company in Saudi Arabia, has unveiled its premium mixed-use project - Heart of Khobar (HOK) which will come up in the Eastern Province at an investment of SR6 billion ($1.63 billion).
Global firms to set up factories at Spark
THREE global groups - MAN Industries and Thermocables (both from India) and Hong Kong-based Dalipal Holdings - have signed agreements with King Salman Energy Park (Spark) to set up steel pipes and cable manufacturing facilities within the mega industrial development in the Eastern Province of Saudi Arabia.
Acwa, Taqa groups secure 7.2GW power project deals
Power Procurement Company (SPPC) has announced consortiums led by global utility majors - International Company for Water and Power Projects (Acwa Power) and Abu Dhabi National Energy Company (Taqa) as winning bidders for the Rumah I and II and AI Nairyah I and II power projects in the kingdom with a total capacity of 7,200 MW.
Neom awards The Line's design, engineering deals
NEOM, the ambitious sustainable city project in northwest Saudi Arabia, announced a series of key developments including a leadership change and appointment of global partners to collaborate on urban design, planning consultancy, and infrastructure design for the first phase of The Line.
car Mega districts unveiled for $63bn Diriyah project
Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new cultural and entertainment destination, has unveiled details of two high-profile developments - Qurain Cultural District and Northern District - to be developed within its $63.2 billion Diriyah project, on the outskirts of the Saudi capital Riyadh.
GFH, Infracorp to launch Kempinski Harbour Heights
GFH, a regional financial group with key interests in asset management and real estate, and Infracorp have signed an agreement with global hospitality group Kempinski to launch Kempinski Harbour Heights hotel and exclusive branded residences in Bahrain.
Kuwait to build 3,345 residences in Jahra City
Public Authority for Housing Welfare (PAHW) has awarded contracts for the construction of a total of 3,345 residential units as part of its Jahra City affordable housing project.
$3bn leisure, tourism project launched in Qatar
Diar Real Estate Investment Company and FTG Development have announced the groundbreaking of its premium $3-billion tourism and leisure development - Land of Legends Qatar - being set up on a 650,000-sq-m area within the Simaisma Project located 40 km north of capital Doha.
Work starts on Surf Park, Tivoli & Avani hotels
EDAMAH, the real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), has started work on its world-class project, Bahrain Surf Park Club Hawaii Experience as well as on its key hospitality project -Tivoli & Avani Hotels & Residences located within the Bilaj AI Jazayer development on the kingdom's southwest coast.
Masterplan for Bilaj AI Jazayer Beach unveiled
FOSTER + Partners have unveiled the designs for the Bilaj AI Jazayer Beach masterplan that will create a dynamic new destination on Bahrain's southwest coast.
Kooheji launches Onyx Water Garden
KOOHEJI Development marked a milestone at Cityscape Bahrain with the official launch of its third-generation Onyx series venture - Onyx Water Garden.
Contractor responsibility for employer's design
STUART JORDAN discusses the issue of design responsibility in construction contracts, particularly in design-build and EPC ones, emphasising that contractors should thoroughly review employerprovided designs to ensure they are adequate for construction.
Inclusive design key to urban future
Accessibility and inclusion play a crucial role in the urban transformation under way in Saudi Arabia, says Dr Talal Alharbi, an accessibility expert for giga projects. At the recent Global Stratalogues roundtables on accessible design, he provided his insights on the kingdom's commitment to inclusivity and the challenges involved.
Resource-saving WC system
Toilet flushing accounts for up to one-third of the water consumed every day in a household, says leading sanitary solutions provider Geberit, which has focused on developing water-efficient toilet systems by optimising the flushing mechanism and ceramic design, resulting in significant reduction in water consumption.
JCV's Truck Solution Show in Riyadh a major success
JUFFALI Commercial Vehicles (JCV), a leading provider of logistics solutions in Saudi Arabia, recently held a highly successful Truck Solution Show in Riyadh, which brought together more than 400 guests, including transportation professionals, industry leaders, and key stakeholders.
Volvo Trucks launches next-gen safety systems
VOLVO Trucks has introduced two safety systems focusing on protecting pedestrians and cyclists that face daily risks on busy roads, in line with the company's long-term vision of ensuring zero accidents involving Volvo trucks.
Daimler, Volvo to develop intelligent vehicle platform
AS PER plans announced in May, Daimler Truck and Volvo Group have signed a binding agreement to establish a new 50/50 joint venture in Sweden to develop a software-defined vehicle platform for heavy-duty vehicles and drive the industry transformation.
Sixth Tadano RT crane for mega Kuwait city project
LA'ALA AI Kuwait Real Estate Company has recently received the last of six new Tadano GR rough-terrain (RT) cranes, all of which will be fully utilised on the construction site of Sabah AI Ahmad Sea City, a large residential and mixed-use waterfront city in southern Kuwait.
Al-Usaimi's logistics arm drives market growth
Al-Usaimi Steel says it is reaping the rewards of having established a robust transport infrastructure to support its operations across multiple countries, ensuring timely delivery of its quality products.
Formwork veteran builds on innovative solutions
PASCHAL, a leading German formwork manufacturer which this year marks its 60th anniversary, has made significant contributions to the construction industry worldwide, including in the Middle East.
Shoring solution eases work on vast excavation
Altrad RMD Kwikform has engineered a groundbreaking shoring solution for a massive Abu Dhabi excavation project, one of the largest in the company’s history. The Tubeshor system, chosen for its efficiency and safety, accelerated the project timeline and mitigated site risks, including water proximity.
Hansgrohe launches AXOR Citterio C
GERMAN sanitary solutions specialist Hansgrohe Group unveiled the AXOR Citterio C Collection last month in Dubai at the 2024 MEA Stakeholder Conference, which brought together decision-makers who are building and refurbishing hundreds of hotels across the Middle East, Africa and Europe.