ENEC and EDF sign nuclear energy R&D MoU

Collaboration will elevate the strategic partnership between the two entities through the sharing of global expertise and the latest advancements in the...

90% of infrastructure works complete at Jeddah Economic City

The new city is one of the Kingdom’s key megaprojects and is spread over 5.3m sqm. Saudi authorities have announced that infrastructure...

GDI to develop $1bn modular assembly plant in Saudi Arabia’s Neom city

Production is expected to begin in 2022. Gulf Development International (GDI) has unveiled plans to build what is billed as one of...

Nine screen AMC Cinemas cineplex opens in Jeddah

Opening marks the ninth location for AMC Cinemas in the Kingdom. AMC Entertainment Holdings has opened its ninth location in Jeddah’s Stars...

Dubai real estate market recorded AED10.98bn worth of transactions in April

4,832 transactions were recorded in April 2021, the highest value in four years. Dubai’s real estate market continues to achieve record numbers...

Alpha Dhabi Holding acquires Murban

UAE-based construction subsidiary of IHC acquires privately-owned investment company. Alpha Dhabi Holding, a UAE-based construction company and a subsidiary of IHC, has...

PMKConsult acquires UAE-based cost consultancy

Move will see key capabilities bought in-house as it moves into new markets including Saudi Arabia. PMKConsult has acquired regional value management...

du Arena renamed to Etihad Park

Middle East’s largest outdoor venue becomes part of Etihad Airway’s portfolio of entertainment hubs. Flash Entertainment, the UAE-based entertainment company, has renamed...

KSA to allow Tadawul-listed firms to buy Makkah and Madinah real estate

Move comes with the stipulation that such real estate be invested within five years from its acquirement. Saudi Arabia’s Council of Ministers...

Abu Dhabi real estate transactions hit $3.1bn in Q1 2021

Recorded value includes approximately 3,847 lands, buildings and unit deals. The Department of Municipalities and Transport – Abu Dhabi has said that...