AlUla unveils designs for 700-unit community
The Royal Commission for AlUla (RCU) has unveiled designs for its first model neighbourhood, featuring 700 residential units, created as part of efforts to sustainably develop AlUla County for residents.
More...Agility to set up hi-tech logistics park in Jeddah
Agility, a supply chain services, infrastructure and innovation company, is set to build a major logistics park in an area south of Jeddah city at an investment of SR611 million ($163 million).
More...Prequalification bids for Makkah TOD project
Saudi Arabia’s State Properties General Authority (SPGA) has invited prequalification bids from leading project developers and investors for a major transit-oriented development (TOD) project to be set up on a 167,000-sq-m area in Makkah. The deadline for submitting bids is December 1.
More...World’s largest floating city planned off KAEC
A giant turtle-shaped structure – running 550-m long and 610-m wide – being modelled to host a floating city for ultra-high-net-worths is set to come up in Saudi Arabia.
More...Kingdom’s first 3D printed villa completed
Leading Saudi developer Dar Al Arkan has completed the kingdom’s first 3D construction printed (3DCP) two-storey villa, which stands 9.9-m tall, within the Shams Al Riyadh residential development in the Saudi capital.
More...Contractor appointed for Red Sea airport facade
Red Sea Global (RSG), the developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has awarded a major contract to Reem Emirates Saudi for the construction of the façade and roof shell of Red Sea International (RSI) airport’s landside facilities.
More...Financial close for Shuaibah 3 IWP project
Acwa Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, has announced the financial close for the Shuaibah 3 IWP Project with a total investment cost of $821 million.
More...Roshn launches sale of 2,000 Riyadh residences
Roshn, a national community developer fully owned company by the Saudi Public Investment Fund (PIF), has announced the launch of sales of 2,171 residential units within the second phase of its landmark project, Sedra, in Riyadh.
More...PIF, BlackRock in infrastructure investment deal
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has signed a deal with top investment group BlackRock to jointly explore infrastructure projects in the Middle East with a majority of the investment activity focused on the kingdom targeting sectors such as energy, water and transportation.
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December 2022 (Volume xliii Issue 12)