HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Board of Directors of the Public Investment Fund and Chairman of the Board of Directors of Jeddah Central Development Company, has launched the masterplan and main features of the Jeddah Central Project (previously known as New Jeddah Downtown
Saudi Public Investment Fund (PIF), the kingdom sovereign wealth fund, plans to invest up to SR1 trillion ($266 billion) in new projects by 2025, reported Saudi Gazette citing its top official.
The Red Sea Development Company (TRSDC), the Saudi developer behind the world’s most ambitious regenerative tourism project, has been awarded the prestigious ISO 270001:2013 for its esteemed information security management system and compliance with national and international standards.
Saudi-based Qiddiya Investment Company (QIC) has awarded a SR3.75-billion ($998.6 million) contract to a joint venture of French building and civil engineering projects pioneer Bouygues Batiment International (BBI) and Saudi Almabani General Contractors for the construction of its Six Flags theme park, a first in the region.
SNC-Lavalin, a leading engineering and construction group, has been awarded the programme management office (PMO) consultancy services contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia to support its Architectural Projects Program (APP) Department.
Al Bawani Company, a leading Saudi construction company, has been ranked third by Forbes Middle East in the list of top construction companies in the Middle East and North Africa (Mena) for 2021.
Diriyah Gate Development Authority (DGDA) has announced the first 14 of its planned 38 hotel brands as part of the $50.6 billion transformation of the historic city of Diriyah over the coming years.
Saudi Water Partnerships Company (SWPC) has announced that construction work is ongoing at a steady pace on the Jubail 3A reverse osmosis (RO) desalination plant in the Eastern Province.
The futuristic $500-billion Neom city has joined forces with Volocopter, a pioneer of urban air mobility, to set up a new venture that will design, implement, and operate the world’s first bespoke public vertical mobility system within the upcoming sustainable development in the kingdom.
The Royal Commission for Riyadh City has announced the completion of the construction and civil works of the Riyadh Metro while the overall completion of the project has reached 92 per cent, said a report.
Leading Saudi builder Nesma & Partners has announced that it has signed an MoU with French group Bouygues Travaux Publics to implement all civil and construction works at the first potential nuclear plant to be built in Saudi Arabia. The MoU was signed by the two at the World Nuclear Exhibition (WNE 2021) held in Paris, France.
The Royal Commission for AlUla (RCU) has signed four agreements with French institutions – two in the cultural field and two in infrastructure sector – to support its strategy to present AlUla as a leading global destination for cultural and natural heritage.
