Saudi Focus

Aecom secures work on Avenues-Riyadh Phase Two



Aecom, a leading global infrastructure leader, has been awarded the project management consultancy and engineering contract by Shomoul Holding Company for Phase Two of The Avenues-Riyadh, a transformative mixed-use development in North Riyadh City. This follows the successful delivery of Phase One of the project which comprises a shopping mall.

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First Avenue to develop Jeddah mixed-use project



Saudi-based First Avenue for Real Estate Development has announced that it has entered into an agreement with Al Shati Real Estate Fund to deliver a mixed-use project in Jeddah, covering an area of 15,619 sq m.  The company stated that the entire development is scheduled for completion within a three-year period.

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Aman-branded villas launched in Wadi Safar



Diriyah Company, the developer of Saudi Arabia’s premier historical, cultural, and lifestyle destination, has announced the launch of the Aman Residences, Amansamar in Wadi Safar, adding to the already impressive portfolio of branded residences on offer by Diriyah.

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Five top players in race for Makkah sewage projects



The Saudi Water Partnership Company (SWPC) has announced that it had received five competitive bids for the development of the Hadda and Arana Independent Sewage Treatment Plant (ISTP) projects in the Makkah province.

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Idom named lead designer for Metro Line 2 extension



Idom, a multinational company providing professional services in consulting, engineering and architecture, said it has been appointed as the lead designer for the newly-awarded extension of Line 2 of the Riyadh Metro, a major milestone in the city’s ongoing infrastructure transformation.

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Bids called for Prince Faisal Sports City PPP project



Saudi Arabia’s Ministry of Sports, in collaboration with the kingdom’s National Centre for Privatisation & PPP (NCP) and Riyadh  Municipality, has entered into the Expression of Interest (EoI) and Request for Qualification (RFQ) phases for the Prince Faisal bin Fahad (PFBF) Sports City project in the capital Riyadh.

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Masdar group gets funding for 2GW solar project



Abu Dhabi Future Energy Company – Masdar last month announced that it has, along with its consortium partners GD Power and Korea Electric Power Corporation, reached financial close for the 2GW Al Sadawi solar photovoltaic (PV) project in the Eastern Province.

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Qassim Cement gives nod for new production line



Saudi-based Qassim Cement Company has announced that it has signed up leading Chinese engineering company Sinoma for setting up a fourth cement production line at its plant site in Buraydah city.

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New Murabba seals deal for Mukaab projects



New Murabba Development Company (NMDC) has signed an agreement with Alat, a key entity of Saudi sovereign wealth fund PIF, to explore the development and integration of technologies supporting its mega project – Mukaab, the iconic centerpiece of New Murabba.

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$1.2bn development projects launched in Tabuk



Saudi authorities have announced the launch of 48 key development projects worth SR4.4 billion ($1.2 billion) in the environment, water and agriculture sectors in the Tabuk region. These include the Tabuk 2 Water Treatment Plant Project being set up at an investment of SR550 million ($146.4 million) with a design capacity of 90,000 cu m.

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$1.2bn development projects launched in Tabuk



Saudi authorities have announced the launch of 48 key development projects worth SR4.4 billion ($1.2 billion) in the environment, water and agriculture sectors in the Tabuk region. These include the Tabuk 2 Water Treatment Plant Project being set up at an investment of SR550 million ($146.4 million) with a design capacity of 90,000 cu m.

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Key deal signed for Yanbu Green Hydrogen Project



Acwa Power, the world’s largest private water desalination company, a leader in energy transition and first mover into green hydrogen, has announced that it has signed up a consortium of Spanish engineering firm Tecnicas Reunidas and Chinese group Sinopec Guangzhou Engineering to provide convertible front-end engineering design (FEED) service

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NWC embarks on $1.3bn water, sanitation projects



Saudi Arabia’s National Water Company (NWC) has announced that it launched work in July on a number of  water and sanitation projects worth a total of SR4.9 billion ($1.3 billion) in the kingdom’s Southern Cluster.

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Saudi firms in financing deal for 40,000 homes



Saudi Arabia’s Real Estate Development Fund (REDF), the National Housing Company (NHC), and the Saudi National Bank (SNB) have signed a tripartite agreement aimed at enhancing homeownership opportunities and supporting the stability of the real estate market.

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Unified standards for Riyadh projects come into effect



The Riyadh Infrastructure Projects Centre (RIPC) has officially begun the mandatory implementation of the Infrastructure Projects Code.

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Seef Dammam project enters design phase



Seef Properties, a leading Bahrain-based developer, has announced that it has started the design phase of its inaugural project in Saudi Arabia, a 78,000-sq-m mixed-use development in Dammam.

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Dar Global completes strategic land acquisitions



Dar Global, the London-listed luxury real estate developer, has announced a series of strategic milestones that highlight both the strength of the company’s core markets and the scale of its long-term growth strategy.

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