Gulf Construction Online

Shapoorji Pallonji wins 429-unit Riyadh residential project contract

Shapoorji Pallonji, a major Indian construction conglomerate, has secured a design-and-build contract from top Saudi real estate developer Roshn for a 429-unit residential community coming up within Phase Two of its flagship Sedra development in Riyadh.
Masdar consortium to set up $10bn wind farm project in Egypt
DEAL INKED FOR 3,025 sq km PLOT
Abu Dhabi-based Masdar has joined hands with top African renewable energy developer Infinity Power and Egyptian group Hassan Allam Utilities to sign an agreement with the Egyptian government for setting up a 10GW wind farm at an investment of $10 billion.
Diriyah eyes strategic UK partnerships at Riyadh event

Diriyah Company is set to forge closer partnerships with UK business leaders taking part in the Great Futures Forum in Riyadh. The event launches a year-long campaign designed to exhibit the British expertise pivotal to advancing Saudi Vision 2030.
Kuwait International Airport Terminal 2 work enters fast track
25m PASSENGER CAPACITY
Turkish group Limak has announced that work is nearing completion on the Kuwait International Airport Terminal 2 (KIA T2) which boasts several innovative, modern systems as well as key facilities. Once operational, it will cater to 25 million passengers.
Yanbu, Madinah utility projects achieve major safety milestones

Saudi Water Partnership Company (SWPC) has announced that two of its big utility projects - Yanbu 4 IWP and Madinah 3 ISTP - have achieved major safety milestones by clocking 24 million and 3 million safe hours without injuries respectively.
GS Inima consortium inks Oman desalination plant deal

Spanish utility major GS Inima has signed an agreement with Oman's Nama Power for the development of Phase Three of Ghubrah, the largest desalination plant in the sultanate with 300,000 cu m capacity. Commercial operations are set to begin in Q1 2027.
Dubai plans 200 projects under 'Quality of Life' strategy
WELL-BEING OF ALL GOAL
Dubai has launched its “Quality of Life Strategy 2033”, a visionary plan comprising 200 projects and initiatives dedicated to ensuring the comprehensive well-being of all segments of the community including nationals, residents and visitors.
Tecom Group to invest $460m in strategic projects

The Board of Directors at Tecom Group has approved a AED1.7 billion ($460 million) Strategic Acquisition and Development Plan as part of its clearly defined roadmap to achieve sustainable growth and deliver strong results.
SEVEN, Qiddiya merge to set up Saudi lifestyle, leisure giant
$13bn PROJECTS UNDER WAY
Saudi Entertainment Ventures (SEVEN), a subsidiary of the country's sovereign wealth fund PIF, has announced its merger with Qiddiya Investment Company (QIC) in a move that will see the establishment of a lifestyle and entertainment giant in the kingdom.
UAE’s residential market sees strong performance in Q1

The UAE’s residential market has started the year on a relatively strong note with high levels of activity and absorption, that will continue to support price growth in both Abu Dhabi and Dubai over the remainder of the year, said a property expert.
Taqa Q1 revenues hit $3.73bn; net profit at $571m

Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported a robust financial performance during Q1 2024, bolstered by contributions from SWS Holding.
Tadweer to build Abu Dhabi's first greenfield material recovery facility

Tadweer Group, a leader in sustainable waste management practices, has announced the closed bidding for the planned development of Abu Dhabi’s first greenfield material recovery facility with an expected capacity of 1.3 million tonnes per year.