Press Releases
JLL acquires significant stake in PIF’s facility management arm FMTECH
PIF and JLL announced JLL is acquiring a significant stake in the Saudi Facility Management Company (FMTECH), a PIF company. PIF will maintain a majority …
Year: 2025
Construction
Saudi Arabia Railways Signs Strategic Agreements to Develop Integrated Urban Communities Around Train Stations
Saudi Arabia Railways (SAR) has announced the signing of two strategic agreements with URBN Living, aimed at developing and operating real estate projects adjacent to …
Power
Alfanar Projects awarded Underground Cables Project from RCJY
Alfanar Projects, Saudi Arabia announces that it has signs a contract with the Royal Commission for Jubail and Yanbu (RCJY) for Underground Cables Project. The …
Transport
AD Ports Group and Kuwait Ports Authority sign MoU to explore development, operation of container operations at Shuaiba Port
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, announced the signing of a Memorandum of Understanding (MoU) with the …
Power
Doosan Enerbility awarded $88.5 million Combined-Cycle Power Plant Equipment Contract in Qatar
Doosan Enerbility has awarded an order for key equipment for a combined-cycle power plant in Qatar. The total value of the contract is approximately KRW …
Power
Kuwait’s Al-Dhow Company awarded $186.7 million O&M Contracts
Ministry of Electricity & Water & Renewable Energy, Kuwait awards two major operation and mainitenance (O&M) Projects. The projects was awarded to Al-Dhow Engineering General …
Power
Riyadh Cement awards $22.6 million Electrical Grid Station Project
Riyadh Cement Co. announces that it has awarded a contract for an electrical grid station under the Liquid Fuel Displacement Program, to complete the electricity …
Water
Dar awarded Design Review Contract for South Al-Mutlaa Wastewater Treatment Plant Project in Kuwait
Kuwait’s Ministry of Public Works has commissioned Dar to provide design review and construction supervision services for the transformational South Al-Mutlaa Wastewater Treatment Plant (WWTP) …
Construction
Al-Saad Contracting Co. awarded $48.3 million Marriott Hotel building Project in Riyadh
The Smart Hotel Zone Company, owned 84% by Taiba Investments Company, has signed an agreement with Al-Saad Contracting Company, to carry out the construction works …
Construction
Saudi’s Dar Al Majd awards $71 million Residential Development Projects
Dar Al Majd Real Estate Company (Al-Majdiah), Saudi Arabia announces the signing of three real estate development agreements with the Jadwa Al-Manzel Real Estate Fund …