Red Sea Global wins seven new LEED certifications
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, has announced that it has been awarded six new LEED certifications for properties at The Red Sea. These Building Design + Construction (BD+C) certifications solidify its position as a leader in developing efficient, green buildings.
More...Vision 2030 drives $1.3trn into real estate, infrastructure
Saudi Arabia’s Vision 2030 is driving a staggering $1.3 trillion in investments across the kingdom’s real estate, infrastructure and transportation sectors, with $164 billion worth of real estate contracts awarded, the largest of which is for Neom ($28.7 billion), said a report.
More...Major milestones on Amaala; $6bn deals inked
Red Sea Global (RSG), the developer behind the regenerative tourism destinations Amaala and The Red Sea, has announced significant advancements in the construction of Amaala – a luxury wellness destination on the Red Sea coast of Saudi Arabia – where more than 600 contracts worth nearly SR23 billion ($6.13 billion) have been awarded.
More...EPC deal awarded for $400m Aramco staff housing
Lamar Holding and Asyad Group, the primary developers of the Haradh and Wudaihi Staff Housing Complexes for Aramco staff, have awarded the engineering, procurement, and construction (EPC) contract of the project to Top Engineering/Shaanxi Construction Corporation, through their Special Purpose Vehicle (SPV), First Developers Real Estate Development
More...Aramco, China’s CNBM tie up for advanced materials
Saudi oil giant Aramco has signed a five-year co-operation framework agreement (CFA) with the China National Building Material (CNBM) Group, a major producer of comprehensive building materials, to explore new opportunities in advanced materials and industrial development.
More...Roshn inaugurates new green initiative centre
Saudi real estate developer and a PIF unit Roshn Group has announced the launch of the Roshn Green Initiative Centre (RGIC), its new flagship project that aligns with the Saudi Green Initiative by cultivating trees and plants to enhance its communities and the areas surrounding them.
More...Besix, AlBawani break ground on Aramco Stadium
Belgian infrastructure major Besix has joined hands with Saudi-based AlBawani to break ground on the prestigious stadium project of Saudi oil giant Aramco. Designed to accommodate approximately 47,000 spectators, the Aramco Stadium is set to be completed in time for the 2027 Asian Football Confederation Cup.
More...Saipem lands $2bn offshore EPC contract
Saipem, a leading engineering and construction company, said it has been awarded a new offshore contract worth $2 billion, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia.
More...Work kicks off on $1.95bn The Avenues – Khobar
Construction has kicked off at a rapid pace on Phase One of the SR7.3 billion ($1.95 billion) groundbreaking mixed-use development, The Avenues – Khobar in the Eastern Province of Saudi Arabia, following the award of the construction contract to a Saudi-Kuwait joint venture in August.
More...JuffaliTrucks sets new standards in transportation
JuffaliTrucks, a subsidiary of Juffali Commercial Vehicles (JCV) in Saudi Arabia, has announced that it has invested in state-of-the-art manufacturing and design facilities to produce aluminium tankers, both trailers and rigged, that offer a unique combination of safety, efficiency, and durability.
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October 2024 (Volume xlv Issue 10)