Riyadh awards $3.5bn road development contracts
The Royal Commission for Riyadh City (RCRC) has awarded road infrastructure contracts worth SR13 billion ($3.46 billion) as part of the first phase of the Main Road and Ring Road Development Programme.
More...China Energy JV seals $972m solar project deal
China Energy Engineering Engineering Corporation (CEEC) has joined hands with leading Saudi entities for a 6.98 billion yuan ($972 million) solar power plant project in Saudi Arabia, thus marking the latest in a string of China-Saudi renewable energy deals, reported Reuters.
More...NGHC launches massive recruitment drive
Neom Green Hydrogen Company (NGHC), the company building the world’s largest green hydrogen plant at Oxagon, in Saudi Arabia’s northwestern region of Neom, has announced a significant recruitment drive for its construction and operations phases.
More...‘Work under way’ on world’s tallest building in Jeddah
Work is currently under way on the Jeddah Tower (previously the Kingdom Tower) in Saudi Arabia, one of the most ambitious construction projects in human history, reported Newsweek, citing new satellite imagery.
More...Key groups vying for 650,000 cu m/day IWTP
Saudi Water Partnership Company (SWPC) has announced that consortiums of Saudi utility group Aljomaih Energy & Water Company (with partners Nesma and Buhur for Investment Company) and Vision International Investment (with partner Abu Dhabi National Energy Company – Taqa) have emerged as the final bidders for a major Saudi water transmissi
More...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 begun commercial operation. The SR2.
More...Acwa Power’s 700MW solar project begins operations
Acwa Power, a leader in power generation and water desalination plants, has announced that its 700 MW AlRass1 Solar Photovoltaic Project located in Qassim province has entered into commercial operations. The project was developed through Ar Rass Solar Energy Company, a special-purpose vehicle (SPV) established by Acwa Power (with a 40.
More...Roshn to build 45,000-seat stadium in Riyadh
Roshn Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF company, has announced the development of an iconic 45,000-seat stadium in southwest Riyadh. Spanning over a 450,000-sq-m area, the landmark mixed-use project will also encompass a wide range of shops, restaurants, and hospitality venues.
More...Avenues-Riyadh work approaches half-way mark
WORK is forging ahead on the SR17.2 billion ($4.586 billion) The Avenues – Riyadh, a mega multi-purpose development with a built-up area of 1.8 million sq m in the north of Riyadh, which is expected to open in Q1 of 2026. The project has reached 44.
More...Saudi construction contracts in Q1 surge 79pc to $32bn
The total value of awarded contracts in Saudi Arabia for the first quarter soared to SR119 billion ($32 billion), recording a 79 per cent growth over last year, while on a quarter-on-quarter basis, the value of contracts grew by 35 per cent, according to a report by the US-Saudi Business Council (USSBC).
More...Sales launched for 1,251 homes in Sedra Phase 4
Roshn, a leading developer powered by Saudi wealth fund PIF, has launched the sale of 1,251 new homes within the fourth phase of its flagship Sedra community in the capital Riyadh.
More...Darco Real Estate unveils Jeddah waterfront project
Darco Real Estate Company has announced the launch of a SR485 million ($129 million) project in the Al Shati district of Jeddah in collaboration with Sedco Capital, a closed joint-stock company fully owned by Sedco Holding Group and Sahem Financial Platform, a Saudi group operating in the financial technology sector.
More...Mercedes-Benz Euro 5 engine launched by JCV
Juffali Commercial Vehicles (JCV), which has established itself as a key player in Saudi Arabia’s commercial transportation sector, has unveiled the Mercedes-Benz Euro 5 engine in the kingdom, which promises significant efficiency and environmental gains for commercial vehicle operators.
More...
September 2024 (Volume xlv Issue 9)