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CBRE advises Aldar Properties on $221mn RAK hospitality deal
The global real estate advisor said it valued over 75 hospitality assets totaling approximately $15bn over the last year. Valuation and technical...
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Exclusive: From vision to reality, delivering The Red Sea Project
Ian Williamson, Group Chief Projects Delivery Officer at The Red Sea Development Company reflects on the project's numerous achievements over the past...
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Smart solutions are a priority for DEWA
The firm’s commitment to smart technologies is said to be seen by the fact that Dubai is now surpassing major European and...
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Oman’s Rakiza receives capital commitment of $298mn from Saudi’s PIF
The fund focuses on investing in renewables, power and water, social infrastructure projects, telecoms, transport and logistics sectors. Rakiza, the Omani private...
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Dar Al Arkan eyes aggressive regional and international expansion
Ziad El Chaar, Vice Chairman of Dar Al Arkan tells Big Project ME that the hugely successful first half of the year...
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Najran Cement Company sees fall in profits for Q2 2022
Cement volume for the period was impacted by lower construction activity, though the report highlighted the feeling that the cement volume fall...
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KSA’s Arriyadh Development Company sees 60% decrease in net profits for Q2 2022
The decrease was mainly attributed to a 70% reduction in income from subsidiary Tanal. Saudi Arabia’s Arriyadh Development Company said that it...
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UAE’s Masdar backs flagship Azerbaijan project with $21.4m financing
Investment is a further spur to the Caucasus nation’s growing transition from fossil fuels. Masdar Azerbaijan Energy LLC (MAE) has signed a...
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ALEC steps up digital construction focus, earns BIM Kitemark certification
In addition to investing in solutions and technology, the firm is also committed to upskilling staff and has appointed a Digital Construction...
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Acciona Cultura completes exhibition implementation of four pavilions at Al Shindagha Museum
Covering an area of 35,000sqm, Al Shindagha Museum will display large collections with pieces of great historical and cultural value in an...
