Gulf Construction Online

$527m Bahrain Marina on track; achieves key safety milestone

Bahrain Marina Development Company has announced that steady progress is being made on its BD200 million ($527 million) premium project, Bahrain Marina, coming up in the capital Manama with nearly 18% of the construction work already completed.
Korean builder GS E&C lands $1.7bn Oman desal plant contract

Korean builder GS Engineering & Construction has announced that one of its key units has secured a 2.4 trillion-won ($1.7 billion) contract from Oman government to build a desalination facility in the sultanate. The entire work will be completed by 2027.
Drake & Scull International eyes $789.4m capital hike

Dubai contractor Drake & Scull said it has closed the subscription for new capital, with proceeds exceeding AED450 million ($122 million). The company aims to raise AED2.9 billion ($789.4 million) new capital through distribution of 2.8 billion shares.
New Plan Capital Survey for Abu Dhabi’s future development

Abu Dhabi's Department of Municipalities and Transport (DMT) has announced the launch of the Plan Capital Survey as part of its commitment to creating one of the world's most liveable, competitive, and vibrant cities.
Acwa seals power purchase deal for largest wind farm in Central Asia

Saudi-based Acwa Power, a major utility developer, has signed a power purchase deal with the National Electric Grid of Uzbekistan for Aral 5GW Wind IPP located in the Karakalpakstan region. On completion, it will be the largest wind farm in Central Asia.
Liebherr launches Krank-powered e-equipment platform

Liebherr, a leading construction equipment manufacturer in the world, has launched its own hosted digital platform, the Used Equipment Marketplace, in collaboration with leading UK-based enterprise grade SaaS platform Krank technology.
Roshn in deal with Malahi to promote latest arcade experience

Roshn Group, a leading Saudi real estate developer powered by PIF, has signed an agreement with Malahi, a major player in the kingdom's entertainment sector, to further boost its venues as the destination of choice for entertainment seekers.
Ras Al Khaimah signs deal to set up vertiports

Ras Al Khaimah has signed a key deal to develop a network of vertiports to connect key attractions across the emirate with electric air mobility by 2027.
Arabian Drilling posts solid Q1 results; revenue up 24pc

Arabian Drilling, a major Saudi onshore and offshore drilling contractor, has delivered a strong operational performance in Q1 registering a 24% growth in its revenue which hit SAR967 million ($258 million), while its net income for the quarter rose 3%.
Bloom, Lead to launch luxury residential project in Spain

UAE-based entities Bloom Holding and Lead Development have joined hands with high-end European residential developer Mabel to co-develop a luxury project, Mabel Marbella Residences, over a 100,000 sq m of land in the Spanish city of Marbella.
Chinese builder wins contract for 20,000 Saudi residential units
PROJECTS ACROSS KINGDOM
Saudi Arabia's National Housing Company (NHC) has awarded a contract to China Machinery Engineering Corporation (CMEC) for the construction of 20,000 residential units at its projects coming up within across the kingdom.
Binyah lands $142m Diriyah Gate car park excavation work

Saudi Real Estate Company (Al Akaria) has announced that one of its key subsidiaries Binyah has secured a major contract worth SAR532 million ($142 million) from Diriyah Gate Company for excavation work related to its Car Park A and B project.