AlKhorayef wins $426mn Riyadh sewage contract

Saudi Arabia's National Water Company (NWC) said it has awarded a Long-Term Operation and Maintenance (LTOM) contract worth over US $426mn to...

Financial

RAK Properties triples H1 profit in 2023

RAK Properties has recorded solid growth for the first half of the year with a 164% jump in its revenue, hitting $140mn,...

Sustainability

Middle East shows 24-fold increase in WELL adoption

The Middle East is leading the charge in driving growth and adoption of the WELL Building Standard (WELL) globally, with a 24-fold...

Property

Leos Developments launches Experience Centre

Leos Developments has unveiled a luxurious 15,000sqft show apartment as part of its new Experience Centre, located in Business Bay, Dubai. Other...

Industry News

Oman & OERC ink logistics deal with Jindal Shadeed Iron & Steel

A Memorandum of Understanding (MoU) has been signed by Oman and Etihad Rail Company (OERC) with integrated steel producer Jindal Shadeed Iron...

Infrastructure

Ethiopia sources $720mn in financing for road infrastructure project

In a bid to improve road travel between Addis Ababa and Djibouti, the International Development Association (IDA) will lend Ethiopia US $720mn...

Property

Samana launches $58.53mn residential project in Al Furjan

Samana Developers has launched its US $58.53m 'California' residential project in Al Furjan, a project headed by master developer Nakheel Properties. The...

Financial

Non-oil activities have greater role in Saudi Arabia economy

The real GDP of Saudi Arabia grew by 1.1% in the second quarter of 2023, compared to the same period last year,...

Construction

SSH announces completion of works on Kuwait’s Al Khiran Mall

Work on Kuwait’s Al Khiran Mall have been completed according to SSH. The firm notes that the mall is being developed by...

Technology

MoU signed to develop digital infrastructure hub in King Abdullah Economic City

Saudi-based Integrated Telecom Company (Salam) has signed a deal with Khazzan Information Technology (Edgnex Data Centers), Cinturion Corp, and Emaar, The Economic...