Saudi Arabia has unveiled an ambitious plan to build the world’s largest structure, the Mirror Line – comprising two glass reflective buildings standing tall at 488 m and running parallel for 120 km across coastal, mountain and desert terrain – in the kingdom’s northwest region, said a report.
Jeddah Central Development Company (JCDC), a subsidiary of Saudi sovereign wealth fund PIF, has signed up world-renowned firm GMP International Spain GMBH and urban development consultants Khatib and Alami for providing the design and enginerring of the stadium at Jeddah Central Project.
Saudi oil giant Aramco has signed engineering, procurement and construction (EPC) agreements with six joint venture firms led by global industry heavyweights such as India's Larsen and Toubro (L&T), Korean groups Samsung and Hyundai as well as Italian contractor Saipem as part of its long-term growth strategy.
Construction work on the first phase of the SR26-billion ($7 billion) Thakher Makkah, one of the largest projects in Makkah, is almost complete, according to Thakher Development Company, the master developer of the project.
The Royal Commission for AlUla (RCU) has signed a tram design agreement with Systra, one of the world's leading engineering and consulting groups specialised in public transport and mobility solutions, to push ahead with the AlUla tram project, which will connect the governorate to a number of stations, tracks, routes, landmarks and historical
Arabian Centres Company (ACC), a leading developer of lifestyle shopping centres in Saudi Arabia, has signed a lease agreement for the development of Jawharat Al-Khobar shopping mall at an investment of around SR1 billion to SR1.3 billion ($266 million to $346 million).
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has announced that it has entered into a joint venture (JV) agreement with Almutlaq Real Estate Investment Company (AREIC), a subsidiary of the Al Mutlaq Group (AMG). Under the agreement, valued at over SR1.
