Rawabi Energy closes $1.9bn syndicated deal

Scale of transaction demonstrates continuing widespread belief in solid growth of Saudi market. Rawabi Energy and its subsidiaries have announced the successful...

Final phase of Arada’s Masaar residential project launches

Saro district set to feature range of premium villas, scheduled for completion in Q2 2026. Arada has launched Saro, the seventh and...

Kingspan Group acquires majority stake in Steico SE

Germany based Steico specialises in natural insulation and wood-based building envelope products. The Kingspan Group has acquired a 51% controlling stake in...

Dubai issues new law to regulate urban planning

Legal framework set to create new governance protocols for development and evaluate environmental impact. His Highness Sheikh Mohammed bin Rashid Al Maktoum,...

LINQ receives modular construction license to begin pilot project for a G+6 building

A McKinsey & Co report found that modular production can speed up the construction process by as much as 50%, while reducing...

Iraq’s US $16.9bn ‘Route of Development’ infrastructure project to be overseen by special group

The road and rail project will span 1,200km and is expected to take between three to five years to be complete. According...

US $414mn renovation of Pennsylvania Station’s LIRR Concourse complete

Skanska, AECOM and SOM had to deliver the project without disrupting passenger usage of the station. The renovation of Pennsylvania Station’s Long...

Azizi making strong progress on Creek Views II

Handover of 587-unit luxury development targeted for Q1 2024. Azizi Developments has announced that steady progress is being made on Creek Views...

Sobha Realty pre-launches second SeaHaven tower

Development will feature sail-inspired design, conveying sense of movement against scenic sea background. Sobha Realty has announced the pre-launch of its waterfront...