Crown Prince sets target for Kingdom to build one million residential units in five years

PIF-backed real estate developer Roshn will be responsible for delivering the units. An ambitious target to build one million affordable residential units...

Nasma Luxury Stays eyes significant portfolio expansion by end of 2021

The firm’s portfolio features homes in Dubai International Financial Centre, Business Bay, Downtown Dubai, City Walk, Dubai Marina, Jumeirah Beach Residence and...

Major construction milestone achieved for Dumat Al Jandal windfarm in KSA

Once operational, windfarm will supply clean electricity to 70,000 households in Saudi Arabia. Saudi Arabia’s Ministry of Energy has commemorated the mid-way...

Caparol Arabia launches Nano 360 eco-paint

Caparol Arabia claims data proves that new paint leads to 5% energy savings and 22% cost savings over the lifetime of a...

Prestige Constructions appointed Samana Golf Avenue main contractor

Resort-style four-storey project will span over 19,500sqm and feature 233 apartments. Dubai-based real estate developer Samana Developer has appointed Prestige Constructions, for...

RCU confirms $15bn masterplan opportunities for PPPs

Journey Through Time Masterplan presents a $15bn roadmap for the development of AlUla. The Royal Commission for AlUla (RCU) has confirmed that...

ACC awards $68.5m contract to Lynx Contracting for construction of Madina Walk

Work on 14-month long project schedule will start imminently, retail developer says. Arabian Centres Company (ACC), the owner, developer and operator of...

TRSDC closes $3.76bn term loan facility and revolving credit facility with Saudi banks

Green financing accreditation awarded due to TRSDC’s market leading approach to social and environmental sustainability . The Red Sea Development Company (TRSDC)...