Dubai Maritime City invests $38.1mn into infrastructure

Infrastructure project includes developing networks for deep sewage, stormwater, fire, irrigation, potable water, telecommunication and roads. Dubai Maritime City (DMC) has announced...

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...

Savills bolsters global residential development consultancy team with hires and restructuring

New team members will be responsible for growing the firm’s presence in the branded in the luxury residential market segments. Savills, the...

QIC awards $750mn contract for 252,000sqm water park

Qiddiya is billed as the future capital of entertainment, sports and culture in the region. A $750mn contract has been awarded by...

Finland’s Metso Outotec signs $26m agreement for plant in Turkey

Siderite calcination plant will have an annual capacity of 600,000 tonnes. Metso Outotec, the Finnish industrial major, has said that it has...

Emerson expands manufacturing base in Saudi Arabia with new facility

New facility highlights the company’s support and alignment with regional localisation initiatives such as the IKTVA program and Saudi Vision 2030. Technology...

Majid Al Futtaim Communities launches new neighborhood within Tilal Al Ghaf

Neighbourhood features 14 mansions and 30 reserve grand villas. Majid Al Futtaim Communities has launched Alaya Beach, which is billed as an...

Facilio raises $35m in Series B financing

Investment led by Dragoneer Investment Group, with participation from Brookfield Growth, Accel India and Tiger Global Management. Facilio, the property operations software...

ACCIONA awarded seven-year water efficiency improvement contract in Southern Saudi Arabia

Contract involves public-private partnership with state-owned NWC. ACCIONA, in a joint venture with Aqualia and the local Tawzea and HAACO groups, has...