NEOM green hydrogen project underway at Oxagon

Acwa Power has announced that work is currently underway on a green hydrogen facility at Oxagon - a site located within Saudi’s...

Infrastructure

Floating desalination barges deployed by SWCC to meet water demand during Hajj

The Saline Water Conversion Corporation (SWCC) has deployed desalination barges to meet the surging demand for potable water during the Hajj season...

Financial

Middle East markets offer strong cost-to-build value

Leading Middle East markets continue to experience high growth in construction activity, as the region invests in nation-building agendas that support economic...

Financial

Chinese corporates commit to $266mn investment in Modon

The Saudi Authority for Industrial Cities and Technology Zones (Modon) has attracted foreign direct investments worth US $266mn from Chinese companies based...

Consultant

PMC services contract for Historic Jeddah project awarded to Faithful+Gould

A project management consultancy (PMC) services contract to support the development of the Historic Jeddah project has been awarded to Faithful+Gould by...

Property

Saudi REDF announces $4.35bn finance deal

Saudi Arabia's Real Estate Development Fund (REDF) has announced the signing of a US $3.64bn finance agreement, to help 21,000 citizens get...

Financial

$8.4bn NEOM Green Hydrogen project achieves financial close

The NEOM Green Hydrogen Company (NGHC) has announced that following the signing of financial deals with 23 local, regional, and international banks...

Construction

Knight Frank: Saudi real estate is experiencing a dynamic expansion with commercial properties leading the way

According to global property consultancy, Knight Frank, Saudi Arabia's multi-faceted real estate market is currently experiencing a dynamic expansion across all sectors,...