Dubai Future Foundation and MIT ink deal to launch the Middle East’s first Senseable City Lab

The lab is a global MIT initiative to research and test pilot projects for planning urbanisation and the rapid growth of cities....

Saudi Crown Prince launches New Murabba Development Company to develop world’s largest modern downtown in Riyadh

The PIF-backed company will develop the New Murabba project around the concept of sustainability. His Royal Highness Mohammad bin Salman bin Abdulaziz,...

Brooge Energy and Siemens Energy to develop green hydrogen and ammonia plant

An MoU between the two firms was signed at the World Government Summit 2023. A partnership between Brooge Energy and Siemens Energy...

Arada successfully closes $50mn second tap of sukuk

The recent tap issue follows exceptional investor feedback and enquiries as fund value passes $450mn. Sharjah-based developer Arada has successfully closed a...

Diriyah Gate achieves 30m hours accident-free

The firm believes the milestone reflects the company’s continuous commitment to providing a safe working environment. Saudi-based Diriyah Gate Development Authority (DGDA)...

Neom appoints Atkins as a delivery partner for The Line

The linear city will measure 170km long and 200m wide, and is expected to run on 100% clean energy. Atkins has been...

SSH completes Phase One of Dhorfar Beach Resort

The firm says that work on the first phase of the luxury tourism project was completed within less than 14 months after...

Kier International awarded $18mn contract for Qiddiya Water Theme Park

Once complete, the park will be the first in the Kingdom of Saudi Arabia and the largest in the region. Kier International...

PIF invests $1.3bn in Saudi construction firms

Move set to encourage companies’ regional and international expansion and boost supply chain strength in the Kingdom. Saudi sovereign wealth fund PIF...