Leading Kuwaiti developer Mabanee will be breaking ground this month (December 17) on its prime mixed-use development – The Avenues Khobar – coming up over a 197,670-sq-m area in the Eastern Province. To be set up at an estimated cost of SR7.2 billion ($1.
Neom, the developer of the $500-billion Saudi futuristic city, has launched Epicon, its latest luxury coastal tourism destination, on the Gulf of Aqaba.
Egis, the leading global engineering consultancy, said it has completed its strategic acquisition of Omrania, a renowned architectural and engineering consultancy in Saudi Arabia.
Ajdan, a leading Saudi developer, has announced the sales launch of the residential units within the first phase of its mixed-use development – Infiniti – which will come up at Al Khobar in the Eastern Province.
Saudi-based Al Jazera Concrete Company (JCC) has commissioned a new sand wash plant engineered by wet processing expert CDE as it continues to support the development of Madinat Al Wurood (also known as the City of Roses), a new suburb located in the north of the Taif governorate.
Saudi-based Retal Urban Development Company has reached an agreement with the National Housing Company (NHC) to jointly develop more than 1,100 residential units in the prime cities of Riyadh and Jeddah at a total investment of SR925 million ($246.4 million).
AlBawani Holding Company, a diversified Saudi conglomerate, registered a growth of 39 per cent last year, and anticipates its revenue to increase to SR27 billion ($7.20 billion) by 2027, Eng Fakher Alshawaf, Chairman and Group Chief Executive of the company, has said.
Group Five Pipe Saudi Company (G5PS) has announced that it has secured a key contract from Saline Water Conversion Corporation (SWCC) for the Ras Al Khair Water Transportation System Project being implemented at a cost of more than SR3 billion ($800 million).
Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) with consortiums of Al Jomaih Energy and Water as well as Saudi Electricity Company (SEC) for its key conventional independent power plant (IPP) projects – Taiba-1, Taiba-2, Qassim-1, and Qassim-2 – being set up in the kingdom at an investment of nearly S
Omatra, a leading Saudi company with over four decades of experience in mechanical work, transportation vehicles and industrial supplies, is set to unveil its state-of-the-art service centre in Thuqba, Al Khobar.
Saudi Water Partnership Company (SWPC) has announced the successful financial close of Rabigh-4 IWP, an independent water plant with a 600,000-cu-m-per-day capacity. The commercial operation is set for Q1 2026.
Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations The Red Sea and Amaala, has achieved the highest score recorded to date in the prestigious Platinum Leed (Leadership in Energy and Environmental Design) v4.
