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.
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.
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.
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.
Emaar's Q1 net profit up 16pc; revenue soars to $1.8bn

Dubai master-developer Emaar Properties has recorded solid results for the first quarter with revenues of AED6.7 billion ($1.8 billion) and net profit before tax of AED4.3 billion ($1.2 billion), which grew by 16% compared to the same period last year.
Gulf Land Property to set upcale residential community in Dubai

Gulf Land Property Developers has partnered with luxury lifestyle brand Tonino Lamborghini to develop an upscale residential community in Dubai. The community, spanning 750,000 sq ft of GFA, features two buildings with 6 floors and two with 12 floors.
RMJM completes work on Masdar City innovation hub

Leading architectural network RMJM has announced the completion of work on the Innovation Hub located in Abu Dhabi's Masdar City. The building, which offers 4,000 sq m of office space across three floors, has LEED Gold as well as 3 Pearl Design ratings.