Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia’s historic birthplace into a vibrant new cultural and entertainment destination, has unveiled details of two high-profile developments – Qurain Cultural District and Northern District – to be developed within its $63.
GlassPoint, a leader in decarbonising industrial process heat, has announced plans to build the world’s largest industrial solar thermal project – Maaden I – in the kingdom in partnership with Saudi mining giant Maaden and Spanish utility major Cox.
Neom, the ambitious sustainable city project in northwest Saudi Arabia, announced a series of key developments including a leadership change and appointment of global partners to collaborate on urban design, planning consultancy, and infrastructure design for the first phase of The Line.
Red Sea Global (RSG), the developer of the regenerative tourism hubs The Red Sea and Amaala, is anticipated to spend another $27 billion over the next six years to push ahead with developments that are designed to draw more tourists to the kingdom, reported Bloomberg, citing its top official.
Saudi Power Procurement Company (SPPC) has announced consortiums led by global utility majors – International Company for Water and Power Projects (Acwa Power) and Abu Dhabi National Energy Company (Taqa) – as winning bidders for the Rumah I and II and Al Nairyah I and II power projects in the kingdom with a total capacity of 7,200 MW.
Three global groups – MAN Industries and Thermocables (both from India) and Hong Kong-based Dalipal Holdings – have signed agreements with King Salman Energy Park (Spark) to set up steel pipes and cable manufacturing facilities within the mega industrial development in the Eastern Province of Saudi Arabia.
Tilal Real Estates, a leading real estate company in Saudi Arabia, has unveiled its premium mixed-use project – Heart of Khobar (HOK) – which will come up in the Eastern Province at an investment of SR6 billion ($1.63 billion).
Saudi Power Procurement Company (SPPC) has announced that a total of 16 utility project developers have been prequalified for the sixth round of solar projects coming up across the kingdom with a total capacity of 3,000 MW.
Saudi Arabia’s National Housing Company (NHC) has announced the launch of 11 key residential projects in the Khuzam area of capital Riyadh featuring over 10,000 units – ranging from luxurious villas to contemporary apartments - thus catering to different clients’ needs.
Saudi Arabia’s Tourism Development Fund (TDF) has announced plans to develop a multi-use resort on Half Moon Beach in the kingdom’s Eastern Province at an investment of SR1.4 billion ($372 million). Spanning a 262,000-sq-m area, the project will be operated under the Rixos brand and fully managed by global hospitality leader Accor.
Aseer Development Authority has awarded the main contract for ‘The Point’, a multi-use project being set up in Abha city in collaboration with Saudi Tourism Development Fund (TDF), Red Sea Markets for Real Estate Investment Company and Banque Saudi Fransi at an investment of over SR1 billion ($266 million).
