Gulf Construction Online

Arada starts works at Armani Beach Residences at Palm Jumeirah

Leading UAE developer Arada has started piling and shoring works at its ultra-luxury Armani Beach Residences at Palm Jumeirah project in Dubai being developed in partnership with Armani/Casa Interior Design Studio and top Japanese architect Tadao Ando.
HRE and One Broker sell out $177m Skyhills Residences 2

HRE Development and One Broker Group have announced the successful sell-out of Skyhills Residences 2 in Jumeirah Village Circle (JVC) valued at over AED650 million ($177 million).
Pantheon celebrates huge success of One Central launch

Pantheon Development – a leading Dubai-based real estate developer – is celebrating the incredible success of its launch event for One Central in RAK Central, the company’s latest mixed-use project located in the heart of Ras Al Khaimah.
MAG Group real estate portfolio hits $11.9bn

MAG Group Holding, the multinational conglomerate, has announced its portfolio of current and under development projects across its different real estate subsidiaries has reached AED 43.7 billion ($11.9 billion).
Wynn Resorts’ Al Marjan Island project on target

Wynn Resorts, Limited (WYNN) said the construction of its newest resort in Ras Al Khaimah, located 50 minutes from the Dubai International Airport, is on schedule, with 55% of the structural concrete now complete.
Bank NXT signs cooperation protocol with Egypt’s UDF

Bank NXT, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, has signed a cooperation protocol with the Urban Development Fund (UDF), an Egyptian economic public authority.
KSA to expand rail network to over 8,000 km, says minister
MAJOR GLOBAL LOGISTICS HUB
The Kingdom of Saudi Arabia is set to experience unprecedented growth in its rail network, expanding to more than 8,000 km in the coming years. This expansion will further solidify the country's position as a global logistics hub, said a senior minister.
Krohne announces Middle East, Africa team expansion

Krohne, a global leader in process instrumentation, has announced the strategic expansion of its Middle East and Africa team in a move aimed at bolstering the 104-year old family-owned company’s capabilities across systems and turnkey project management.
Diriyah to spotlight retail investment opportunities at Cannes

Diriyah, a Saudi mixed-use developer driving the transformation of a historic city into a premier global destination, is set to present the latest developments of its flagship project, with focus on Diriyah Square - at Mapic 2024 expo in Cannes, France.
Jadwa Investment inks $2.4bn Saudi real estate project deals
FOR RESIDENTIAL, MIXED-USE SPACE
Jadwa Investment, a leading investment management and advisory firm in Middle East, has awarded real estate contracts worth SAR9 billion ($2.4 billion) to address the growing demand for quality residential, commercial and mixed-use spaces in the kingdom.
No hiccups on NEOM activities after project CEO's exit, says Webuild

Italy's construction group Webuild said all its activities connected to NEOM are moving as per schedule after the mega project's long-time CEO left the role last week, said a report. A Red Sea urban development, NEOM is set to house nine million people.
SEC launches groundbreaking carbon capture project at Rabigh plant

Saudi Electricity Company (SEC) has announced that it had collaborated with King Abdullah University of Science and Technology (KAUST) to launch the world’s first-of-its-kind research project to capture carbon and pollutants at the Rabigh Power Plant.