The total value of awarded construction contracts across Saudi Arabia during the second quarter fell to SR11 billion ($2.9 billion) as the widespread negative effects of Covid-19 delayed projects across many sectors, according to the US Saudi Business Council (USSBC).

King Salman Energy Park (Spark) in Al Khobar has become the first industrial city in the world to receive Silver level accreditation for Leadership in Energy and Environmental Design (LEED).

The Ministry of Housing has announced the launch of Park View, a residential community featuring 484 homes on a 280,000-sq-m area in Al Khobar. The project, which has a mix of villas and townhouses, is being developed under the Sakani programme of the housing ministry.

Saudi Arabia’s Tourism Development Fund has reached an agreement with local banks – Riyadh Bank and Banque Saudi Fransi – for funding of up to SR160 billion ($42.66 billion) to develop major tourism projects across the kingdom, reported Arab News.

Saudi-based Fakieh Hospitality and Leisure Group has launched its premium Al Nawras Island development in Jeddah. The project extends along Al Nawras Island with a 200-m-long and 25-m-wide promenade in both directions, overlooking many restaurants, cafes as well as entertainment and artistic centres, reported the Saudi Gazette.

Red Sea International (RSI) said it has been awarded contracts worth SR131 million ($35 million) for the design, build and facilities management of accommodation units, offices and all supporting building amenities within Saudi Arabia’s futuristic $500-billion new city Neom. As per a SR78-million ($20.

The Saline Water Conversion Corporation (SWCC) has completed the work on seven small- and medium-sized desalination plants that have a total production and supply capacity of 304,350 cu m per day, said a report.