The Jeddah Central Development Company (JCDC), a wholly-owned unit of Saudi wealth fund Public Investment Fund (PIF) and the master developer of the Jeddah Central Project, has signed key contracts in line with its mandate create a global destination in the heart of Jeddah.

South Korea’s Doosan Enerbility has won the engineering, procurement, and construction (EPC) contract for Shuaibah 3 Independent Water Project in Saudi Arabia, reports said.

Roshn, the leading national real estate developer in the kingdom owned by Saudi Arabia’s Public Investment Fund, has announced the launch of the apartments phase at its landmark residential project Sedra, north of Riyadh.

The US Green Building Council (USGBC) has awarded King Abdullah Petroleum Studies and Research Center (Kapsarc) in Saudi Arabia five Leadership in Energy and Environmental Design (LEED) Platinum certificates under the Existing Building: Operation and Maintenance (EBOM) – the highest in the LEED rating system.

Saudi Arabia’s Crown Prince HRH Prince Mohammed bin Salman bin Abdulaziz has launched the infrastructure works and unveiled the masterplan for the Rua Al Madinah Project, a mega mixed-use development located to the east of the Prophet’s Mosque in Madinah, according to a report.

South Korea’s steel conglomerate SeAH Group has set up a joint venture with Saudi energy giant Aramco to produce special steel pipes, a report said. The project will be established in King Salman Energy Park (SPARK), a new megaproject under construction between Dammam and Al-Ahsa in the Eastern Province.