Roshn Group, the PIF-owned giga project and Saudi Arabia’s leading real estate developer, launched two key mixed-use community projects in the kingdom last month.  These include Aldanah, its second in the Eastern Province and first in Dhahran; and Almanar, its first venture in Makkah city. Covering over 1.

Work is currently under way on a major new museum being developed by the Saudi Ministry of Culture and art collective teamLab in Jeddah Historic District.

Hassan Allam Holding, a major engineering and construction company in Egypt, has announced that its Saudi unit has secured an additional contract for the Marina Hotel in Amaala Triple Bay, situated along the kingdom’s western coast.

Alstom, a global leader in sustainable and green mobility solutions, has announced that it has secured a major contract to boost the capacity of the Innovia automated people mover (APM) system at King Abdulaziz International Airport in Jeddah.

Samsung E&A, a world leading engineering solutions and project management company, has announced that it has secured contracts worth $6 billion from Saudi oil giant Aramco for its Fadhili Gas Increment Program.

Saudi Arabia is expected to deliver 320,000 new hotel rooms – with a development cost of $37.8 billion – by 2030 as part of its unprecedented investment in infrastructure, tourism transformation and real estate, according to new industry data.

Saudi Arabia’s National Housing Company (NHC) has awarded a contract worth SR1 billion ($266 million) to Urbas Middle East Real Estate Company, a subsidiary of leading Spanish group Urbas, for the construction of 589 residential units within the Al Fursan suburb in the northeast of Riyadh.

In a first for the Saudi construction industry, leading materials science company Partanna Global has joined forces with Saudi Readymix Concrete Company (SRMCC) to successfully produce carbon-negative concrete blocks in the Gulf.