DSI restructuring plan officially completed

FRC notifies the troubled contractor’s senior management that settlements have been reached with its creditors. Drake and Scull International (DSI), the troubled...

HRH Mohammed bin Salman unveils new mountain tourism project in Neom

Trojena expects to attract 700,000 visitors and 7,000 permanent residents to live in Trojena and its adjacent residential districts by 2030. A...

ACWA Power-led consortium secures $1.3bn loan deal for The Red Sea Project multi-utilities project

Senior debt project is financed through a combination of US dollar denominated and Saudi Riyal denominated soft mini-perm and long-term financing provided...

Metropolitan Group sales increase 400% in 2021

Firm also sees its average transactions value more than double from $500,000 to over $1.1 million last year. Dubai-based Metropolitan Premium Properties...

Golden Cube centre for real estate investor services launched at DWTC

Cube will provide all services to investors from eight government and private entities to help ease process of real estate investment in...

EEC reschedules King Abdullah Economic City loan facility

The main reason for the rescheduling of loans is for facilitation of the company’s cash flow position and boosting its ability to...

Bentley Systems completes $700mn acquisition of Power Line Systems

Power Line Systems provides software for the design of overhead electric power transmission lines and structures. Bentley Systems, the infrastructure engineering software...

Digitalisation, diversity and modularisation among the top five trends shaping construction in 2022

Despite the headwinds of material price inflation, supply chain risk and coronavirus variants, 2022 promises to be a stronger year, says Amana...

Apex Holding agrees sale and purchase deal with RAKCIC

Combined businesses will have increased offering and customer base. Apex Holding, the subsidiary of International Holding Company (IHC) and a diversified operating...