QATAR’S leading sustainable real estate developer Msheireb Properties has awarded a consortium comprising Japan’s Obayashi Corporation and Qatar’s HBK Contracting, a construction contract worth QR2.5 billion ($686 million), Qatar News Agency (QNA) reported.

OMAN’S premier lifestyle destination The Wave, Muscat, hit the ground running in 2013 with the start of construction of its Siraj and Reehan Gardens phases, which boast a collective 143 apartments and villas at the leading integrated tourism complex.

DRAKE and Scull Construction (DSC) has been awarded a SR1.725-billion ($459 million) contract by Lamar Investment and Real Estate Development to complete the Lamar Towers project in Jeddah, Saudi Arabia.

TAV Insaat, one of the top three airport construction companies in the world based in Turkey, has won a tender worth $400 million to design and build a new terminal at King Khaled International Airport in Riyadh, Saudi Arabia. Construction of Terminal 5 is planned to be completed in 18 months, according to parent company Akfen Holding.

SEMBCORP Industries’ (Sembcorp) subsidiary Sembcorp Utilities (Oman) has signed a joint venture agreement with Takamul Investment Company (Takamul), a subsidiary of Oman Oil Company, to develop centralised utilities facilities for the Duqm Special Economic Zone (SEZ).

A NEW five-star Rotana resort taking shape in Salalah will soon join the growing list of premium hospitality destinations in Oman. Salalah Rotana Resort & Spa, owned by Orascom Hotels and Developments, offers 399 rooms and suites, and 45 villas that are built around ponds, water features and manmade lakes.

ABDUL Latif Jameel Real Estate Investment Company (ALJREIC), one of the leading real estate and development companies in Saudi Arabia, is set to launch its $1-billion Anjum Hotel project during the third quarter of 2013.

ENGINEERING firms mainly from Spain and South Korea are among the 12 leading contenders bidding for a contract to provide preliminary design consultancy services for the development of a national rail network in Oman, according to the Oman Observer.

Four Points debuts in Riyadh STARWOOD Hotels and Resorts Worldwide has announced the debut of the Four Points in Saudi Arabia with the new Four Points by Sheraton Riyadh Khaldia.

PILOSIO, a leading Italian player in the market for building and construction equipment, has signed a contract for the supply of temporary structures for a massive construction site in Makkah, Saudi Arabia.

ALESSA Industries Group, one of the leading integrated industrial conglomerates in Saudi Arabia, is planning to expand into the Qatari market having set up a dedicated branch there early last year.

AGRU Kunststofftechnik’s thermoplastic products were used to ensure the watertightness of potable tanks currently being built in Lusail City, Qatar, one of the largest construction sites in the world. Lusail, located 17 km from the capital Doha, will be ready by 2022.

THE foundation stone was laid last month for a 270-hectare project featuring up to 4,500 housing units – one of the key strategic development schemes in Bahrain.

SAUDI Aramco has invited bids for the construction of a 2,400 MW power plant in Jizan, Saudi Arabia, near a 400,000 barrel-per-day oil refinery which it is currently building, two industry sources said.

EMAAR Middle East, a subsidiary of global property developer Emaar Properties, has awarded the construction contract for its latest project, the Abraj Al Hilal 2 residential complex in Jeddah Gate, to Azmeel Contracting and Construction Corporation.

RUMAILLAH Motors is promoting the latest Genie telehandlers – some of which have the best-in-class capacities in the industry – in the Qatari market.

THE UAE has replaced Saudi Arabia as the GCC’s largest construction market in 2012 in terms of contract awards, a newly released annual report on the sector, has revealed.

QATAR-BASED UrbaCon Trading and Contracting (UCC) is developing a mammoth mall project in Doha, Qatar, at a cost of over QR3 billion ($823.2 million).