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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. -
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. -
Light Middle East Awards receives 183 entries
The organisers of the 11th annual Light Middle East Awards have announced the shortlisted candidates, recognising outstanding achievements in lighting design and technology. A total of 183 entries were submitted across various categories. -
Austrian group in deal to boost KSA mining, construction sectors
Austrian group MCI, a mining and material handling machinery leader, has signed a deal with Saudi-based Within Construction for Contracting that will see the duo deliver advanced, integrated solutions to the kingdom's mining and construction sectors. -
Imdaad enters Oman FM market with new venture Omdaad
Imdaad, a UAE-based facilities management services provider, has announced its strategic regional expansion into Oman through a JV with Oris, a part of Ominvest Group. The new venture, Omdaad will deliver comprehensive FM solutions in the sultanate. -
Damac Properties unveils largest master community in Dubai
UAE-based Damac Properties has announced the launch of its third and largest master community - Damac Islands - unveiled this year, featuring a range of luxury villas and trendy townhouses that offer residents the best of luxury living with island life. -
Infracorp posts solid 9-month results; net profit up 25pc
Infracorp, a major investor in the infrastructure and sustainability development sector, has recorded solid growth in the first nine months with a 25% jump in net profit. The company also achieved significant milestones in real estate portfolio projects. -
Program HQ driving demand for prime office space in Riyadh
The total area of office space in Riyadh is set to grow by 1 million sq m to hit 6.3 million sq m by 2026-end, thanks to Program HQ which is boosting the demand for office space in the Saudi capital, further influencing lease rates, said an expert. -
Top-class luxury hotels break ground at Diriyah stakeholder event
Diriyah Company officially broke ground for seven top-class luxury hotels at its annual event for stakeholders - Bashayer. These include Raffles, Armani, Baccarat, Corinthia, Orient Express, L’Hotel and Rosewood hotels that will add a total of 877 rooms. -
Adnoc launches work on major low-carbon Ruwais LNG project
Abu Dhabi National Oil Company (Adnoc) has broken ground on its low-carbon Ruwais liquefied natural gas (LNG) project in Al Dhafra Region. Once operational, it will more than double Adnoc’s LNG production capacity to 15 million tonnes per annum.
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