$2.3bn financial close for Jubail–Buraydah project
Saudi utility major Aljomaih Energy and Water Company, in partnership with its consortium with Buhur Investment Company and Nesma Group, has announced the successful financial close of the Jubail–Buraydah Independent Water Transmission Pipeline Project, with a total investment value of SAR8.5 billion ($2.3 billion).
More...Acciona commissions Shuqaiq 4 desal plant
Acciona, a global company and a leader in providing renewable solutions, has completed the construction and commissioning of the Shuqaiq 4 desalination plant, located in the southwest of Saudi Arabia.
More...Amaala luxury wellness resorts set to open soon
Red Sea Global (RSG), the real estate developer and pioneer of regenerative tourism, announced the opening of Amaala Triple Bay at the inaugural TOURISE Summit held last month (November) in Riyadh.
More...Agility launches $163m logistics park in Jeddah
Agility Global, a leader in supply chain services and infrastructure sector, has announced the opening of its new logistics park in Jeddah at an investment of SAR611 million ($166.3 million).
More...Arabian Dyar to offer 4,000 new homes in Makkah
Arabian Dyar Real Estate Development Company launched Dyar Al Haram Phase Two, the next chapter of its landmark residential development in Makkah’s Masar Destination, following a successful sale of Phase One, at the Cityscape Global held in Riyadh last month (November).
More...$160m industrial gases plant planned for Oxagon
Oxagon, the reimagined industrial city of NEOM, has signed a land lease agreement with Abdullah Hashim Industrial Gases & Equipment Co (AHG), a leading provider of industrial gases to industries across Saudi Arabia.
More...Dar Global awards contract for Trump Tower Jeddah
Dar Global, the London-listed luxury real estate developer, has officially awarded the main works contract for the Trump Tower Jeddah to Arabian Construction Company (ACC), following the completion of the enabling and foundation works.
More...Al Tahaluf unveils residential project at KAEC
Al Tahaluf, a Saudi-American joint venture comprising a subsidiary of Hovnanian Enterprises and the Hamad bin Saedan Real Estate Company, has unveiled Soleya, a SAR1.07-billion ($291 million) residential community within the King Abdullah Economic City (KAEC) designed to elevate modern coastal living.
More...Qiddiya City gears up for Six Flags launch
Six Flags Qiddiya City, Saudi Arabia’s first-of-its-kind theme park and entertainment destination, is all set to welcome visitors starting from December 31. Qiddiya City is the world’s first global destination built entirely upon the Power of Play.
More...AtkinsRéalis wins The Avenues – Riyadh work
AtkinsRéalis Group, a world-class engineering services and nuclear company, has been appointed as the cost consultant for Phase Two of The Avenues – Riyadh, one of the kingdom’s most ambitious mixed-use developments.
More...Al Akaria signs framework agreement for Expo 2030 Riyadh early works
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project. The contract was awarded to one of its key subsidiaries – Saudi Real Estate Infrastructure Company (Binyah).
More...Diriyah unveils new homes; awards $1.5bn deals
Diriyah Company launched 239 premium homes in the new Manazel Al Hadawi residential area in Diriyah, alongside announcing major contract awards worth SAR5.7 billion ($1.5 billion), at the Cityscape Global in Riyadh last month (November). This is the first release of properties planned within its flagship Media and Innovation District.
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December 2025 (Volume xlvi Issue 12)