TRSDC to award $267m worth of contracts a month till Q1 2022

Developer says main focus is on all the construction contracts related to the mono islands and inland resorts. The Red Sea Development...

Tabreed increases ownership of Al Maryah Island district cooling scheme to 100%

Firm began operations of the district cooling scheme for the Abu Dhabi project in 2014. An additional 50% stake has been acquired...

Majid Al Futtaim secures $1.5 billion Sustainability-Linked Loan

The SLL is the first and only "penalty-only" loan structure in the region, with clear targets for each year of the loan....

Knight Frank: KSA is a ‘country reborn’ as Vision 2030 ‘unleashes’ $1tn of real estate and infrastructure projects

Analysis reveals that $300bn of the total spend is dedicated to new infrastructure, including vast new passenger rail networks and a brand-new...

DSI reports net profit of $21.2m for H1 2021

Troubled contractor says optimisation helped it achieve a gross profit of $2.99m compared to $1.90m posted in 2020. Drake & Scull International...

Oman’s Madayn assigns infrastructure works for Ibri Industrial City’s Phase One

$23.3 million worth package will cover an area of 3 million sqm and will have an implementation period of 18 months. The...

SPCC registers 15% fall in revenue for Q2 2021

Revenue impacted by a 10.9% y-o-y fall in cement volume, Al Rajhi Capital report says. Southern Province Cement Co (SPCC) has registered...

Nakheel opens phase one of Souk Al Marfa

First retail destination on Deira Islands offers 400 stores in air-conditioned complex stretching 1.9km along waterfront. Dubai-based developer Nakheel opened the first...

Ithra Dubai Launches One Deira at Deira Enrichment Project

Mixed-use development aims to rejuvenate Dubai’s original commerce hub and continues to attract new and well-established commercial brands to the area. Ithra...