Saudi Focus

Neom, the developer of Saudi Arabia’s futuristic city, announced two more strategic projects last month (March) for the mega regional development coming up in northwest Saudi Arabia.






British engineering consultancy Mace has been appointed the lead consultant for the mega King Salman International Airport project, located in Saudi capital Riyadh. Its scope of work includes project management, design management, cost consultancy and procurement.






British design firm Foster + Partners is working on the multibillion-dollar project to build the world’s tallest building – a 2-km-high skyscraper in Riyadh, said a report.






Saudi authorities have announced that the Eastern Region has sealed an agreement with one of the key subsidiaries of Saudi sovereign wealth fund PIF to develop The Rig.project, the first tourist destination in the world inspired by offshore oil platforms.






Qiddiya Investment Company (QIC) unveiled two major projects last month – the ground-breaking racetrack and the Dragon Ball theme park – within its mega Qiddiya City development, setting new standards in sports and entertainment industries.






Roshn, a leading real estate developer powered by Saudi wealth fund PIF, has launched the fourth phase of its flagship Sedra project in the Saudi capital Riyadh. Unveiling the new phase, Roshn said it is set to introduce 4,860 residential units to the development, spread over a 1.






Saudi Arabia’s first electric vehicle brand and original equipment manufacturer (OEM) Ceer has awarded a SR5-billion ($1.3 billion) contract to Modern Building Leaders (MBL) for the construction of its new manufacturing complex within King Abdullah Economic City.






Wolffkran, a leading manufacturer of tower cranes headquartered in Switzerland, has entered into a joint venture with Zamil Group, one of the largest investment holding companies in Saudi Arabia, to set up its first manufacturing facility in kingdom.






Red Sea Global (RSG), the developer behind the regenerative tourism destinations Amaala and The Red Sea, has partnered with leading luxury hospitality and branded residential company Four Seasons for the development of a new luxury wellness resort as well as private residences at Triple Bay Amaala.






Talaat Moustafa Group (TMG), a leading regional real estate developer, has reached an agreement with Saudi Arabia's National Housing Company (NHC) to jointly develop more than 27,000 residential units, including villas and apartments, for Saudi families as part of its Benan City project coming up in the Al Fursan suburb of Riyadh.






In an impressive achievement, Juffali Commercial Vehicles (JCV) secured eight awards at the Elite Class MENA Awards and first place among competitors from the MENA region. These awards recognise outstanding achievements in the commercial vehicle industry.






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