Launched in 2019, Mostadam is designed to meet the needs of real estate development projects and operational assets in the Kingdom
The project is designed to accommodate up to 3.6mn passengers daily at full capacity
The deal aims to enhance SAR's east-west freight corridor, which is said to be essential for the Kingdom's economic growth
The firm said it is targeting automation of 5% of its construction activities by 2030
The project represents the largest industrial investment made in Fujian to date
The construction team is completing one floor per week, working toward a topping off in December 2025
HiiROC produces carbon-neutral hydrogen using its proprietary TPE process, which requires just one-fifth of the electrical energy used in water electrolysis
The project is the sixth master community in the DAMAC Properties’ portfolio
The firm notes that while ultra-fast charging stations offer rapid charging, there are a number of downsides including straining local grids
With a built-up area of 530,000sqft, Gemz was developed on a plot of 101,000 sqft