Construction work to commence soon at infrastructure project in Egypt
The Abu Dhabi Developmental Holding Company (ADQ) Egypt intends to commence infrastructure and construction work in Ras El Hekma before the end of 2024. The project's developer has established the plans, secured ministerial decisions, and acquired the necessary licenses. Egypt will soon finalize the transfer of land for the Ras El Hekma project to the recently established Ras El Hekma for Urban Development Project Company. The agreement represents Egypt's largest foreign investment deal, with a total value of $35 billion, aimed at developing Ras El Hekma in the North Coast.
$23mln polymer plant partnership signed in Oman
OQ, the global integrated energy group signed a strategic partnership with a leading manufacturer, Multibond Metal, to establish a manufacturing facility at its Ladayn Polymer Park in Sohar Industrial Estate. Valued at $23 million, this first-of-its-kind project in the Middle East, will focus on producing advanced polymer solutions for heat resistance and surface protection. The partnership aligns with OQ's commitment to develop polymer-based industries by attracting direct foreign investment to Oman and enriching the nation's industrial sector with products that promote self-sufficiency and export opportunities. The new facility underscores the country's commitment to fostering a thriving manufacturing ecosystem. Multibond Metal's integrated production process, covering the entire spectrum from raw materials to finished products, epitomises the park's dedication to excellence and innovation.
Plans underway for industial and technology facility expansion in Saudi Arabia
Baker Hughes, an energy technology company, is expanding its Industrial & Energy Technology (IET) facility in Dammam, Saudi Arabia. Once completed, the expansion is expected to create 60 new jobs and will add capacity for the current manufacturing and repairs of compression trains, seal gas and control panels. In addition, the expanded site will add capabilities for the manufacturing and testing of vibration monitoring systems and for gears repairs. The announcement was made at a groundbreaking ceremony hosted by Baker Hughes and attended by representatives from the Ministry of Energy, executives from the company's long-term strategic partner Aramco, and local suppliers.
Tender floats to development of a science hub in Jordan
The Aqaba Development Corporation (ADC) is currently looking to construct a world-class science hub and public aquarium in Aqaba. The project shall be a cornerstone of Jordan's vision for sustainable tourism and environmental stewardship, that represents a significant step in the city of Aqaba's journey towards becoming a leading global destination.
$107m contract inked for new substation project in Saudi Arabia
Nesma Infrastructure and Technology (NIT), a major player in the region with presence in the UAE and Egypt, said it has secured a contract worth SAR400 million ($107 million) from the Saudi Electricity Company (SEC) for setting up a new substation in Thuwal region. The scope of work for the Al Jazeera Royal Palace substation project includes provision of engineering, procurement, construction and testing services. In addition, Nesma will be responsible for its commissioning as well as energising the transmission substation along with its connection to the national grid through 45 km of overhead transmission lines and underground power cables. As per the deal, this turnkey project is set to be delivered within 17 months.
Agreement signed for tourism project in Egypt
Pickalbatros has partnered with Palm Hills Developments to build a tourism project on 220 feddans in the Northern Coast. Work is currently underway to implement the project's blueprint which includes hotels.
New waterfront development project unveiled in Saudi Arabia
Saudi Arabia's tourism sector continues to expand, with Baheej Tourism Development Co. unveiling a new waterfront development project in Yanbu. This joint venture between ASFAR and the Tamimi-AWN Alliance, aims to develop the waterfront area of the Royal Commission at Yanbu. The initial project will cover 32,000 sq. m. and feature three leisure assets: a beach, a tourist activation center, and a hotel. It is set for complete unveiling in 2027. A fourth component is scheduled to be announced at a later date. Each aspect of the project aims to provide memorable and sustainable tourism experiences.
Visitors will soon have the opportunity to explore Yanbu, a city with a rich history dating back to the 16th century, renowned for its architectural heritage and sandy beaches. Baheej envisions Yanbu as an iconic location that showcases Saudi Arabia's culture, history, and natural beauty, providing a unique destination to tourists. By analyzing risks and investment opportunities, the project aims to position Yanbu as a locally and internationally sought-after tourist destination. Baheej’s role will involve integrating local culture and promoting protection of the planet, enhancing Yanbu's appeal and supporting regional development. This approach aims to transform Yanbu's hospitality sector, blending community heritage with environmental stewardship.
Agreement signed for development of 295 residential homes in Saudi Arabia
Saudi-based Retal Urban Development Company has signed sub-development agreement with the National Housing Company (NHC) to develop 295 residential units in the suburbs of capital Riyadh at a total investment of SAR660 million ($176 million). These homes will come up over a total area of 93,482.76 sq m in Murcia zone of Khozam suburb. As per the deal, the BCC will complete the entire construction work within 26 months from the effective date of the contract.
$9.5mln land allocation contracts signed in Egypt
The industrial developer TEDA-Egypt has signed two land allocation contracts with Chinese companies. The first contract was inked with Chinese Shengyuan Construction Engineering Company Limited for a $4 million project on a 15,860-square-meter (sqm) land. The second one was signed with Xinjin Textile Printing and Dyeing Products Company for setting up a project on 20,000 sqm, with $5.5 million in investments.
Ground broken on broiler farm in Abu Dhabi
Al Ghurair Foods, a leading food processing company in the UAE, has held the groundbreaking ceremony for its first broiler farm in Abu Dhabi's Khalifa Economic Zones Abu Dhabi (Kezad). Scheduled to be operational in 2025, the 68-hectare (680,000 sq m) facility will be built under a Musataha agreement across an overall area of 720 hectares (7.2 sq km), allowing for future expansion. Equipped with advanced technologies, the facility will adhere to leading international biosecurity standards and strict food safety protocols. It will also provide employment opportunities for more than 200 people, whilst supporting local farmers through a production contracting model. The strategic location of the farm within Kezad will enable Al Ghurair Foods to serve growing demand for poultry meat in the UAE, which has grown year-on-year in recent years. By establishing a local venture, Al Ghurair Foods will be able to bring high-quality, nutritious, and fresh products to closer to consumers. As the food processing division of Al Ghurair, one of the largest diversified family business groups in the UAE, Al Ghurair Foods is committed to enhancing the availability and capability of domestic food production in the UAE. Al Ghurair Foods Poultry farm is one of the largest producers of eggs in the UAE, distributed under the flagship brand Jenan.
Contract signed for commercial building complex in Saudi Arabia
Al-Modawat Specialized Medical Co. signed a lease contract with Qiam Real Estate Co. for a commercial complex building in Budaiya District, Muhayil. The contract will generate SAR 2.67 million annually at a rate of SAR 181 per square meter (sqm), for a period of three years. The lease contract covers a commercial building consisting of a basement, a ground floor, and three recurring floors, spanning a total area of 14,780 sqm. It will be used for the company's doing business purposes and internal expansion.
Bids invited for $820mln pipeline project in Iraq
Iraq has invited bids for the construction and supply of a 490-km pipeline linking 2 main cities at a cost of around $820 million. The state-owned Oil Projects Company has announced that only qualified and experienced companies with resources of at least $825 million can bid. The project, offered on an investment basis, involves the supply and construction of a pipeline from the Southern oil hub of Basra to Haditha city in the Western Al-Anbar governorate, Iraq's largest province. The project should be completed within one year and bidders must submit proof of possessing liquidity of at least $825 million.
Contract awarded for oil refining project in Iraq
Iraq has officially awarded a contract to China National Chemical Engineering Company (CNCEC) involving the construction of an oil refinery with an output capacity of 300,000 bpd. The contract includes the construction of a petrochemicals plant with a capacity of 3 million tonnes per year and a 2,000-MW power station. The three projects are located near Faw Port, which is under construction in South Iraq and is slated to be one of the world's 20 largest container terminals. The project is one of the most important economic projects in Iraq. It will largely support refining and petrochemicals industries in the country.
Agreement signed to establish regional service centre in Qatar
Qatar Free Zones Authority (QFZ) and Siemens Energy, headquartered in Germany, have signed a memorandum of understanding (MoU) to facilitate the establishment of a state-of-the-art service centre within Qatar's Ras Bufontas free zone on the sidelines of QFZ's participation in the Qatar Economic Forum. The MoU with Siemens Energy will facilitate the establishment of a service centre for the maintenance and repair of rotating equipment here in the free zones in Qatar, which is a testament to QFZ's robust infrastructure and strategic location. The facility at Ras Bufontas free zone will be a regional service hub for Siemens and other original equipment manufacturers (OEMs) across the Middle East and the Asia Pacific regions in the energy sector. This partnership will encourage a broader collaboration between Siemens Energy and QFZ on innovative and sustainable solutions in the energy sector, aiding our mission to foster a high-tech industrial environment supporting sustainable economic growth and diversification in alignment with the goals of Qatar National Vision 2030.
The new facility will cater to long-term maintenance contracts, such as the North Field Production Sustainability (NFPS) maintenance contract, as well as being a regional hub for Medium Gas Turbines SGT-700 across Asia Pacific and the Middle East. This state-of-the-art facility will conduct process innovation, provide personnel training to customers, and develop digital solutions for monitoring rotating equipment. This holistic approach not only supports the technical needs of the industry but also contributes to the skills development of the workforce, reinforcing the strategic objectives of QFZ in creating an environment of continuous innovation and industry leadership. The centre will not only serve as a critical hub for equipment maintenance and repair, but it will also drive innovative solutions that optimise energy management. The partnership with Siemens Energy distinctly advances QFZ's overarching objectives to enhance its industrial ecosystem and technological infrastructure. The establishment of the regional service centre will not only fortify Qatar's capabilities in the critical energy sector but will also align with QFZ's mission to curate a dynamic business environment that attracts leading global enterprises.
Agreement signed for construction of worlds largest subsea cable system in Oman
Ooredoo Oman, an Ooredoo Group company, has signed an agreement for the landing of the 2Africa Cable System in Barka and Salalah. This agreement marks the most extensive subsea cable system landing in the Oman to date. The 2Africa Cable System, spanning 45,000km, will be the largest subsea cable system in the world. Upon completion, it will impact over 3bn people in 33 countries on three continents, Africa, Asia, and Europe. The 2Africa consortium consists of Bayobab, center3, China Mobile International, Meta, Orange, Telecom Egypt, Vodafone Group, and WIOCC, while Alcatel Submarine Networks is handling the manufacturing and installation of the cable. The selected gateways for these landings are Salalah, emerging as a major new submarine cable landing hub in the southern part of Oman, and Barka, situated near Muscat. Ooredoo Oman will undertake the development of a completely new build landing infrastructure for both Barka and Salalah, with a commitment to its maintenance in the coming decades. This new infrastructure will be entirely different from any other submarine cable system currently landing in Oman, ensuring robust connectivity and access for all operators in the country.
Green hydrogen project poised to be under concept stage in Oman
Energy major BP is currently focused on assessing the solar and wind resources of a land block awarded by the Omani government in June, 2023, for the development of green hydrogen. BP Oman signed a project development and land use agreement with Hydrom - the orchestrator of Oman's green hydrogen sector - for a potential 150,000 tonnes a year green hydrogen project near Duqm in Oman's Al Wusta Governorate in June, 2023. The project is currently in the concept development stage. The progress of data collection campaign using LiDARs (light detection and ranging devices), solar stations and met masts is contiuned to be monitored.
Agreements signed for construction of sulfur and fertilizers plants in Iraq
OPEC producer Iraq has signed three agreements with companies from the UAE, the US and Iraq for the construction of sulfur and fertilizers plants. The contract signed by the industrial and minerals ministry with a UAE company includes the construction of a fertilizers plants in the northern Baiji city with a production capacity of around 240,000 tonnes per year. Another deal was signed with a US firm for a 2.5-million-tonne sulfur plant in the northern Nineveh province. The ministry also finalised a contract with the Iraqi Al-Rafidain Group for the rehabilitation of the war-damaged sulfur plant in Al-Mishraq sulfur mine near the northern Mosul city with an output capacity of 1.5 million tonnes per year.
$51mln expansion plan approved for construction of transformers facility in Saudi Arabia
Electrical Industries Company has approved the expansion project of its wholly-owned subsidiary, Saudi Power Transformers Company, to manufacture extra-high-voltage transformers and 380-kilovolt (kV) reactors at a cost of 192 million Saudi riyals ($51.20 million). The project will also include increasing the current capacity of high-voltage transformers. The company has not yet awarded the contract. The six-month pilot production is likely to start in the first quarter of 2027. Commercial production is forecast to commence in the third quarter of 2027.
New military township to be built in Iraq
Iraq has approved a major project to convert a sprawling former military camp in the capital Baghdad into a residential town with all necessary facilities. The cabinet endorsed the project that will include the construction of hotels, hospitals, schools, sport, tourism and amusement facilities on May 14, 2024. The cabinet decided to seek global experienced and capable companies to execute the project in Kadhimiya neighborhood in the northern part of Baghdad. The cabinet has agreed to pursue plans to open the military area in that neighborhood to convert the land into a town that comprises educational, health, cultural, amusement and sport facilities. The project also includes hotels and tourism spots.
$10 billion wind energy power station to be built in Egypt
Egypt has officially inked an agreement to designate land for the establishment of a $10 billion wind energy power station. The primary objective of this agreement is to build a 10-gigawatt wind energy power station west of Sohag. The project is collaboration between an alliance consisting of Abu Dhabi Future Energy Company - Masdar, Hassan Allam Utilities Company, and Infinity Power Company. This 10 GW wind energy project is the largest of its kind in the Middle East and one of the largest onshore wind projects globally. Upon completion, the project is expected to generate approximately 48,000 GWh of clean energy annually, avoiding the emission of around 23.8 million tons of carbon dioxide. The project is also anticipated to provide about 23,000 direct and indirect job opportunities during both the implementation and operational phases. This project aligns with Egypt's energy strategy to achieve a 42 percent renewable energy mix by 2030.
Agreement signed to establish regional logistics facility in Qatar
Qatar Free Zones Authority (QFZ) and FedEx Logistics, a subsidiary of FedEx Corporation, have signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in Qatar's free zones. The facility, which will operate under the company's FedEx Trade Networks Transport & Brokerage division, will be located at Ras Bufontas Free Zone and will include a state-of-the-art logistics office. The new facility will help continue to support the expansion of FedEx Logistics with seamless integration into the FedEx global network, serving as a key gateway for international cargo transition in the region between Asia and Europe. The location of the FedEx Logistics facility in Ras Bufontas Free Zone, adjacent to the award-winning Hamad International Airport and Qatar Airways, will provide enhanced access to air transportation and freight, efficient customs processing time, convenience, and the opportunity to grow business in the region. The collaboration between QFZ and FedEx Logistics will help accelerate the flow of goods and strengthen supply chains, benefiting economies on a global scale. The FedEx Logistics investment in QFZ reflects a shared commitment to growth and innovation within the logistics sector. The collaboration leverages the world-class expertise and global network of FedEx and will undoubtedly contribute to highlighting Qatar as a preferred business destination.
New beachfront villas unveiled in Dubai
Alpago Properties has announced the launch of its latest masterpiece, Kural Vista. This beachfront signature villa represents the zenith of luxury living, uniquely combining breathtaking design, exceptional functionality, and the epitome of luxury amenities. Set on a plot of over 15,000 sq ft with a built-up area of 12,554 sq ft, the villa spans multiple levels with five en-suite bedrooms, each featuring private walk-in closets and terraces that offer stunning views of the crystal-clear Arabian Gulf and the glittering Dubai skyline. Located on the prestigious Frond G of the iconic Palm Jumeirah, Kural Vista is a paradisiacal sanctuary that stands out even in this exclusive neighbourhood. An entertainer's paradise, the villa includes a basement parking for 6 to 8 cars and a myriad of entertainment options including a serene Spa, a VR gaming area, a DJ booth with a Karaoke stage, a car simulator, and much more, ensuring that every moment spent here transcends the ordinary. In addition to the indoor luxuries of this sensational property, the outdoor area of Kural Vista is a spectacle of its own.
It features infinity-edge swimming pool with a built-in sound system, private beach access, a luxurious jacuzzi, an outdoor cinema, and a BBQ area nestled amongst a serene landscape that includes a 900-year-old Bonzai tree and a 1300-year-old Chorisia tree, enhancing the mystical allure of the property. This prime location adds to the overall appeal of this exceptional property, which is the complete embodiment of class and sophistication. With its exteriors designed by the globally acclaimed SAOTA Architecture and Design and the luxurious interiors meticulously crafted by CK Architecture and Alpago Contracting, this property sets a new standard in opulent living. The villa comes furnished from top to bottom with only the highest-end appliances and fixtures from renowned brands such as Poliform, Henge, Gagganeu, Oikos, Preciosa, Fendi Casa, Gessi, Antonio Lupi, Technogym and Bang & Olufsen to name a few, ensuring every aspect of the villa is bathed in quality and elegance. Kural Vista is now open for viewing by prospective buyers. This is a rare opportunity to own a remarkable piece of architecture in one of the most coveted locations in the world.
Two ultra-luxury residential project launched in Ras Al Khaimah
The Luxe Developers has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island. The properties, valued at over AED90 million ($24.4 million) each, address the demand for ultra-luxurious properties in line with the increase in ultra-high-net-worth individuals (UHNWI) relocating to the emirate. The Celeste and The Stellar, currently the most expensive residences in Ras Al Khaimah, offer a unique living experience, which is epitomised by the available space, eclipsing anything currently available on the real estate market in the emirate. The Celeste, spanning over 22,000 sq ft across the top two floors of the development, features seven bedrooms, multiple living areas with sunken seating for hosting, and an extensive kitchen. The six-bedroom Stellar, split across two levels, spans more than 21,000 sq ft, and features similar living arrangements.
Both properties offer a serene and luxurious living experience as well as beach and sea views across Al Marjan Island, and are conveniently located just two minutes from the multi-billion-dollar Wynn integrated resort, further enhancing the development's attractiveness for investors. The uniquely designed properties, featuring interior design by world-renowned Hirsch Bedner Associates, are equipped with an array of world-class finishes and amenities designed to cater to the most discerning tastes. Owners of the properties will be able to enjoy the luxury associated with five-star hotels, including a spa, sauna, hammam, private pool, snow room, gym, home theatre, and dedicated office space. The residences also feature a sprawling 4504-sq-ft terrace with a uniquely designed infinity pool incorporating breathtaking vistas and unrivalled tranquillity, perfect for outdoor living. Embracing the future of residential living, both properties are fitted with cutting-edge smart technology, allowing residents to effortlessly control lighting, curtains, and air conditioning, ensuring optimal comfort with the touch of a button.
Partnership signed to develop an upscale residential community in Dubai
Gulf Land Property Developers has announced a strategic partnership with Tonino Lamborghini Group, a prestigious brand synonymous with Italian quality and sophistication worldwide, to develop an upscale residential community in the heart of Dubai. The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects - Paradise Hills and Serenity Lakes. The community will encompass approximately 750,000 sq ft of gross floor area comprising two buildings with 6 floors and 2 buildings with 12 floors. Each building will have two parking levels and offer a range of 1-bedroom to 4-bedroom apartments with materials, interior design, fittings, and kitchens from the design studios of Tonino Lamborghini, setting a new standard in quality and attention to detail.
First greenfield material recovery facility in Abu Dhabi
Tadweer Group has announced the closed bidding for the planned development of Abu Dhabi's first greenfield Material Recovery Facility (MRF). The state-of-the-art facility will recover recyclable materials derived from municipal solid waste, significantly maximising the diversion of waste from landfills through recycling and preparing feedstock for the Abu Dhabi Waste to Energy facility. This will enable increased recycling, promoting a circular economy and supporting Tadweer Group’s wider ambition of diverting 80 percent of Abu Dhabi's waste away from landfill by 2030. The MRF will be developed as part of the organisation's circular cluster, a series of facilities, which will contribute to the circular economy and ensure that minimal waste ends up in landfills. The long-term objectives for the facility include providing feedstock for other waste conversion processes and products, such as waste to Sustainable Aviation Fuel (SAF).
The facility will also serve to promote local and foreign private sector investment and create employment and training opportunities for UAE nationals. The expected capacity will be 1.3 million metric tonnes per year. Additionally, the facility will cover an area of over 90,000 square metres, making it one of the largest MRFs in the region, and will be located within the Al Mafraq Industrial area, 36km from the centre of Abu Dhabi. Further, the facility is designed to meet a number of strategic objectives for Tadweer Group, with a focus on landfill diversion. This includes its role as a stepping stone for the next phase of the organisation’s growth, as Tadweer Group transitions to a high diversion and high recycling system. The bidding for the development of the facility will take place as part of a closed tender process. The awarding of the contract and engineering, procurement, and construction works are expected to begin at the end of 2024, with operations commissioning targeted for the end of 2026.
Deal signed to develop vertiports in Ras Al Khaimah
Ras Al Khaimah has signed a key deal to develop a network of vertiports to connect key attractions across the emirate with electric air mobility by 2027. Ras Al Khaimah Transport Authority (RAKTA) and Ras Al Khaimah Tourism Development Authority (RAKTDA) have signed a future-forward memorandum of understanding (MoU) with Skyports Infrastructure (Skyports), in this regard. Marking the beginning of an exciting partnership that will pioneer sustainable tourism through electric air mobility, this pivotal MoU will see Skyports develop a network of vertiports to connect key attractions across Ras Al Khaimah, propelling the emirate as a destination of the future and aligning with RAKTA’s Strategic Plan 2030. Under the agreement RAKTA, RAKTDA and Skyports will collaboratively design, develop, and operate Ras Al Khaimah's first electric vertical take-off and landing (eVTOL) air taxi ecosystem, with commercial operations set to commence by 2027.
This innovative project will seamlessly integrate Skyports' vertiport infrastructure with RAKTA's existing transport network, providing fast and convenient zero-emission transport to Ras Al Khaimah's most popular areas and attractions, including Al Marjan Island, Al Hamra and Jebel Jais, the UAE’s highest peak. Tourists and residents visiting these iconic sites will experience substantial time savings from the service. For example, travelling from Al Marjan Island to Jebel Jais takes approximately 70 minutes by car. The launch of air taxi services will cut the journey time to less than 20 minutes. The vertiport network will transform transportation in Ras Al Khaimah and support its objective of responsibly driving 3.5 million visitors annually by 2030. By providing zero-emission transportation options, the emirate is reinforcing its commitment to environmental stewardship and sustainable development. These ambitions align with Skyports’ design approach, which prioritises integration with existing public transit networks to promote more sustainable transportation. In addition, this initiative directly addresses the pressing need for innovative solutions to cut carbon emissions in ground transportation, a sector that accounts for 40% of greenhouse gas emissions in the travel and tourism industry, as highlighted by the World Travel and Tourism Council (WTTC). Furthermore, it will unlock future opportunities to integrate with air taxi networks across the United Arab Emirates (UAE).
Partnership signed to provide consultancy services for residential tower in Egypt
Nakheel Developments has entered into a partnership with Engineering Solutions (ES) to provide consultancy services in the realm of sustainable and eco-friendly construction, including LEED certification for the Double Two Tower project in the New Administrative Capital. This collaboration underscores the company's commitment to developing projects that adhere to sustainability benchmarks. The launch of projects aligned with sustainability standards is a strategic response to the mandates set by the Administrative Capital for Urban Development. It also reflects Nakheel's ambition to align with international trends in the creation of environmentally sustainable projects. To this end, Engineering Solutions has been appointed for its expertise in sustainability.
Engineering Solutions stands at the forefront of LEED certification expertise in Egypt. The company's portfolio includes green building projects and a suite of consulting and educational offerings in this sector. Double Two Tower is strategically situated in the prestigious MU7 zone of the New Administrative Capital. Encompassing commercial and administrative spaces, alongside serviced apartments over a 9,000 sqm expanse, Nakheel Developments is leveraging the prime location to establish an investment-centric architectural landmark within the bustling Central Business District of the New Capital.
SAR 400 million substation project contract awarded in Saudi Arabia
Nesma Infrastructure and Technology (NIT) announces that it has signed a contract valued at around SAR 400 million with the Saudi Electricity Company (SEC) to construct the Al Jazeera Royal Palace Substation in Thuwal, Saudi Arabia. The scope of work for this fast-track project includes engineering, procurement, construction, testing & commissioning and energizing the transmission substation along with its connection to the national grid through around 45 km of overhead transmission lines and underground power cables. This turnkey project is set to be delivered within 17 months.
Agreement signed to establish ceramic tiles factory in Oman
Suhar Industrial City signed a cooperation agreement with the Middle East Calcined Clay LLC to establish a specialised factory for the production of Omani ceramic tiles at a total cost of RO 5.4 million on a 45,000 square metres area. The factory is part of the innovation project in the mining sector, supervised and funded by the Ministry of Energy and Minerals. The Industrial Innovation Academy conducts laboratory analyses, market studies, and practical product experiments by restoring forts, citadels, and historical landmarks, which have proven the efficiency and suitability of the product for commercial production in collaboration with the Ministry of Heritage and Tourism. The factory will meet local demand and supply international markets with this product in light of the global trend towards the preservation of historical landmarks, which constitute an economic resource in advanced countries. The academy played a crucial role in developing this product by reviewing the best global practices to come up with a formula that suits the purposes of restoration and other construction works. The factory will meet local demand and supply international markets with this product in light of the global trend towards the preservation of historical landmarks, which constitute an economic resource in advanced countries. The academy played a crucial role in developing this product by reviewing the best global practices to come up with a formula that suits the purposes of restoration and other construction works. The factory has a modern laboratory for sample testing and quality control, and initial production operations are expected to start in the first quarter of 2025, providing job opportunities for national workforce and contributing to achieving goals in the national zero-emission programme through its highly-efficient specifications to reduce carbon dioxide emissions.
Second phase of sewer project planned to start in Iraq
The start of the second phase of the Hilla Sewer Project has been announced with a budget of $287 million.
Oil exploration project to be developed in Iraq
China's CNOOC Iraq won a bid to develop Iraq's Block 7 for oil exploration, measuring a total area of 6,300 square kilometres that extends across the country's central and southern provinces of Diwaniya, Babil, Najaf, Wasit and Muthanna.
$1.7m contracts awarded for rehabilitation of shelters in Iraq
Al-Amar Al-Hadeth for General Constructional Contracting has won a series of contracts with the United Nations Office for Project Services (UNOPS), for the rehabilitation of war damaged shelters in Fallujah. Rehabilitation of 92 war damaged shelters in Al Chaffa. Contract value $695,001. Rehabilitation of 100 war damaged shelters in Albo Hawa & Husai. Contract value $618,224. Rehabilitation of 53 war damaged shelters in Jumela. Contract value $382,437.
Several new projects implemented in Iraq
The launch of new service projects has been announced in Babil province worth 1.276 trillion dinars ($975 million). The projects include,
- Comprehensive sewer, sanitation, and stormwater projects in the districts of Qassim, Hashimiyah, and Medhatiah, with a total budget of 364.5 billion dinars.
- A comprehensive sewer, sanitation, and stormwater project in the district of Kifl, costing 134.2 billion dinars.
- A road connecting the Basra-Baghdad expressway via Imam, Anana, and Ibrahimiya in the district of Hindiyah, costing 320 billion dinars.
- Management and operation of Imam Sadiq Hospital by a specialized foreign company, with a budget of 60 million dollars.
- Implementation of the second phase of the large Hilla sewer project, costing 287 million dollars.
Plans underway to establish e-buses factory in Qatar
A discussion was held between Qatar Free Zones Authority (QFZ) and China's Yutong company, which specialises in manufacturing electric buses, for the establishment of e-buses factory. The meeting discussed means of cooperation to establish the factory of e-buses in Qatar's freezone.
Contract won for oil field development in Iraq
China's Geo-Jade has won a bid to develop Iraq's Jabal Sanam field for oil exploration, measuring an approximate area of 235 square kilometres in the country's southern Basra province.
Contract won to develop oil field in Iraq
China's Sinopec won a bid to develop Iraq's Summer oilfield, measuring an approximate area of 17,773 square kilometers in the country's southern Muthanna province.
Contract signed to build training institute in Saudi Arabia
Al Mohafaza Co. for Education signed a contract with Salah Saleh Ibrahim Al-Muhaymid, to lease the land located in Al-Khalidiya District, Hafar Al-Batin Governorate, with an area of 798 square meters, to build a higher training institute. The lease period is 20 years, with a an annual rental value of SAR 80,000 for the first 10 years, and SAR 100,000 for the last 10 years, and a total contract value of SAR 1.8 million.
$980 mln new projects approved in Iraq
Iraq has approved new infrastructure and services projects worth around 1,287 billion dinars ($980 million). The projects include the construction of a new motorway linking capital Baghdad with the Southern port of Basra through Babylon with a value of about $245 million. The projects comprise phase 2 of Al-Hilla water sewage network with a value of $287 million, two other sewage network projects and a new hospital in the province.
Four bids and licences for 29 projects for oil and gas fields secured in Iraq
Chinese companies won four bids to explore Iraqi oil and gas fields. The oil and gas licences for 29 projects are mainly aimed at ramping up output for domestic use, with more than 20 companies pre-qualifying, including European, Chinese, Arab and Iraqi groups. Chinese companies have been the only foreign players to win bids, taking nine oil and gas fields, while Iraqi Kurdish company KAR Group took two. China's CNOOC Iraq won a bid to develop Iraq's Block 7 for oil exploration that extends across the country's central and southern provinces of Diwaniya, Babil, Najaf, Wasit and Muthanna. ZhenHua, Anton Oilfield Services and Sinopec won bids to develop the Abu Khaymah oilfield in Muthanna, the Dhufriya field in Wasit and the Summer field in Muthanna respectively.
Contract awarded for construction of residential units in Saudi Arabia
Saudi Arabia's National Housing Company (NHC) has awarded a contract to China Machinery Engineering Corporation (CMEC) for the construction of 20,000 residential units at its projects coming up within the suburbs and neighbourhoods across the kingdom. This agreement is one of several with major international construction companies. It will entail building different facilities, including medical care establishments, schools, and retail stores. The deal is part of NHC's endeavour to contribute to achieving the objectives of the Housing Program, envisaged in the Kingdom's Vision 2030, through partnerships with leading international companies, attracting international investments in the real estate sector.
Multiple oil concessions awarded in Iraq
Iraq has awarded a number of oil concessions to 22 international firms including one Iraqi company and three Chinese companies bidding for 29 oil and gas sites. Iraq's KAR Group won a concession site in the South-eastern Maysan governorate within new licensing rounds. China's Zhongman Petroleum and Natural Gas Group (ZPEC) was awarded an oilfield in East Baghdad while Zhenhua Oil won two sites in the Western Al-Anbar province and Najaf in Central Iraq. Two other Chinese firms are: UEG, which was awarded a gas site in the Southern port of Basra, and Geo-Jade, which won a site in the Eastern Wasit province. The new projects could add nearly 3.459 billion cubic feet of gas per day (cf/d). The new sites focus on gas and that the targeted output is nearly double Iraq's gas imports from neighbouring Iran of around 1,700 million cf/d. The oil discoveries in the new sites are expected to boost Iraq's recoverable crude deposits to 160 billion barrels. The bidders for the new Iraqi sites include eight companies from China, two each from the UAE, Russia and Turkey and one each from Italy, France, Indonesia, Malaysia, the UK, Netherlands, Qatar and Angola.
Four new luxurious hotels announced to be launched in Saudi Arabia
The Hospitality Management Holding (HMH), a major player in the hospitality sector, has announced big expansion plans for the region with the group set to open four hotels in Saudi Arabia over the next two years, thus adding 1,314 keys to its portfolio. Among these highly anticipated openings is the Corp Yanbu Hotel & Residence, slated to welcome guests by June 2024, offering 104 keys of unparalleled luxury and comfort. In the pipeline for Q4 2024 is the Corp Madinah Hotel, featuring 150 keys of exquisite accommodations designed to provide guests with a memorable stay in the heart of Madinah. And looking ahead to Q1 2025, HMH is set to unveil the Corp Makkah Al Naseem Hotel, adding a staggering 460 keys to its already impressive portfolio in Makkah. In Q1 2026, guests can look forward to the grand opening of the Corp Madinah Al Naqaa Hotel, boasting an impressive 600 keys and setting new standards for hospitality excellence in Madinah.
Project plans launched for 246-key luxury hotel in Saudi Arabia
Leading luxury hospitality company Four Seasons and Saudi-based development firm Dar Al Omran Company have announced plans to launch a new luxury property in Madinah. The new-build hotel, to be located at the heart of Madinah, will feature 246 guest rooms and suites, multiple distinct restaurant and lounge concepts as well as other key amenities including expansive meeting and event space, a fitness centre and a spa. The conceptual architectural design of the hotel is by international architecture firm HKS, while LW Design Group will be leading the interior design of guest rooms and public areas, with AvroKO heading the interior design of the lobby, reception and dining outlets.
MoU signed for renewable energy plants connection in Kuwait
Kuwait Oil Company (KOC) has signed a memorandum of understanding with the Ministry of Electricity, Water, and Renewable Energy. The purpose of this memorandum is to connect the renewable energy plants that the company intends to build, with a capacity of 1 gigawatt of electricity from solar and wind energy, to the national electricity grid to supply the company's facilities. It also aims to form a joint working team tasked with developing concepts and plans to implement the energy transition strategy and achieve carbon neutrality by 2050. Additionally, the memorandum aims to coordinate between the relevant entities and overcome the challenges facing KOC and the MEWRE regarding the implementation of renewable energy projects. The signing of the memorandum of understanding comes as part of the KOC's efforts to develop its operations in line with the vision of 'New Kuwait 2035.'
New solar power project approved in Iraq
Iraq has approved the construction of a solar power plant as part of a post-war drive to rehabilitate its damaged electricity networks and expand renewable energy sources. The Supreme Committee for Construction and Investment also endorsed a project to build an international industrial city in the southern oil hub of Basra. The solar power project is located in the central Babylon governorate but it did not provide any details of the project. The committee also approved plans for power connection with neighbouring Saudi Arabia as part of a project to buy electricity from the Kingdom and other Gulf countries.
New international tourist port to be built in Egypt
Building an international tourist port designed to accommodate tourist cruises and yachts in New Ras El-Hekma city has been approved. The Marine Transport and Logistics sector within the Ministry of Transport will oversee the technical aspects of the project. The Ministry of Transport will issue executive decisions and take necessary procedures to implement the project in coordination with competent authorities.
$112mln chemical factory to be set up in Saudi Arabia
Methanol Chemicals Company (Chemanol) has signed a plot allocation agreement with Jubail and Yanbu Industrial Cities Services Company (JABEEN) to set up a more than 420 million Saudi riyal ($112 million) chemicals plant. The company will establish and operate a choline chloride and methyl diethanolamine methane plant on the land plot in PlasChem Park Jubail (2). Chemanol aims to become one of the largest manufacturers of specialised petrochemical products in the region through the establishment of the project.
The Ministry of Energy approved the required feedstock allocation for manufacturing specialty petrochemical products in December 2023. The new facility will produce methyl diethanolamine, choline chloride dimethyl disulfide and N-methyl pyrrolidone. The targeted products will be used in several strategic industries in the Kingdom, such as oil and gas, pharmaceuticals, fertilisers, construction materials, fuel additives, gas treatment and carbon capture.
Contract awarded expected for lighthouse project in Oman
Oman's Ministry of Transport Communications and Information Technology (MTCIT) is expected to award the design and supervision consultancy services contract for its Ra's Al Hadd Lighthouse project at South Al Sharqiyya Governorate by the third quarter of 2024. The design and supervision consultancy tender was issued on 1 May 2024 and the bid submission date is 11 June 2024. The pre-bid clarification end date is scheduled on 25 May 2024. The contract is expected to be awarded by September 2024. The prequalified bidders list include AZD Engineering Consultancy, Tusker Engineering Consultancy Services Group, Advanced Engineering Consultants, Meridian Engineering & Consultancy, Osamah Ahmed Al Baraami Engineering Consultants, and Modon Engineering Consultancy.
The project scope of work involves the design and construction supervision of Lighthouse project. The consultant's scope of work includes Environmental Impact Assessment (EIA) study, which includes the appropriate location and area for implementing the project, in addition to any impacts on the reserve and the life of turtles in the region for all stages of the project, and obtaining the necessary Environmental approvals, conducting Geo-technical study and submit three quotations. The chosen quotations must be approved by MTCIT. The design scope covers detailed drawings, general and specific specifications for that design, in addition to architectural, structural, civil, electrical and mechanical plans and obtaining approvals from the relevant authorities, prepare tender documents for the contractor, including quantity survey, schedules, general and special specifications, to conduct technical and financial analysis of the bidders.
The consultant has to supervise the project according to the time period agreed upon by the contractor and mandatorily propose designs for 5 lighthouses with MITCIT having the option to approve it. The project is expected to be completed by March 2026, estimate of the project cost is $40 million.
Agreement signed to set up building materials facility in Saudi Arabia
The National Housing Company (NHC) has signed a co-operation agreement with China's Citic Construction to establish an industrial city and logistics zones for building materials, comprising 12 factories in Saudi Arabia, to secure supply chains for residential projects. The deal with Citic Construction is part of its efforts to secure supply chains for its residential projects, ensuring their timely implementation with high quality. The project will attract 12 factories from major specialized manufacturers of building materials, benefiting from Chinese experiences.
In addition, several local factories will join to enhance the level of operations and attract the best service providers for various sectors of the company, its subsidiaries, and other projects, following the highest international standards. The agreement will contribute to maximizing the economic and developmental impact of the real estate sector in the kingdom and developing and raising the quality of residential projects. It will also promote the national transformation in the construction sector through these industrial cities and logistics zones, which will serve the Chinese factories in localizing the building materials industry. Moreover, these facilities will provide opportunities for medium and small local factories to expand and help in providing direct production lines for the company's projects, as well as developing the local building materials industry and creating more opportunities in the sector. The collaboration will help improve the quality of housing unit products in construction works, serving as an extension of the comprehensive strategic partnership agreement between Saudi Arabia and China.
First branded waterfront residence launched in Abu Dhabi
In a groundbreaking development for the luxury real estate market in Abu Dhabi, Metropolitan Capital Real Estate - a leading full-service real estate agency and part of the Metropolitan Group - is supporting the launch of Elie Saab Waterfront by Ohana Development, the first branded residence on Al Reem Island, as the leading associate. Ohana Development announced its Elie Saab Waterfront project, a visionary residential tower that will redefine luxury living in the heart of Abu Dhabi's Al Reem Island. The 39-floor tower will be the first branded residence on the Island and only the second in Abu Dhabi. Once complete in the first quarter of 2027, it will feature 174 luxurious apartments from Dh2 million to Dh45 million and 300 parking spaces. Phase one of the project is sold out. The remarkable project, born from a prestigious collaboration with fashion icon Elie Saab, seamlessly integrates the essence of haute couture into a lifestyle of unparalleled luxury and sophistication. It brings together Ohana Development's established record of excellence in sustainable, high-quality construction with Elie Saab's timeless design aesthetic. Residents can expect homes that are not only stunningly beautiful but also embody Elie Saab's signature style, characterised by graceful lines, sophisticated textures, and a touch of enduring elegance.
From expansive penthouses to well-appointed apartments, each residence offers breathtaking panoramic views, detailed design elements and access to world-class services. The tower will offer residents a plethora of amenities, including a state-of-the-art fitness centre, a luxurious spa, a paddle court, electric vehicle charging stations and infinity pools overlooking the city skyline. The project is meticulously crafted to cater to every desire, providing a lifestyle that is both lavish and effortless. Tailored concierge services ensure that every resident's needs are met with the utmost professionalism and courtesy. Elegant lounges, a library, meeting spaces and beautifully landscaped gardens provide serene environments for relaxation and social interaction. Residents will also be spoilt for choice with the high-end retail outlets and gourmet dining options located within the tower that will offer ultimate convenience and unparalleled luxury. The interiors boast custom furnishings, top-tier materials and a nuanced colour palette, ensuring that residents are enveloped in an environment of pure beauty and sophistication from the grandeur of the lobby to the private sanctuaries of the apartments.
First coffee production factory to be established in Saudi Arabia
Saudi Coffee Co. has been given approval to begin operations in Jazan, marking the establishment of the first production facility for the product in the Kingdom. The factory, which will be built on an area of 30,000 sq. m., seeks to produce and export Saudi coffee, strengthen local and global supply chains in line with the goals of Vision 2030, and contribute to the sustainability of the sector. The move came as part of the city's signing of various investment agreements and capital contracts. Saudi Coffee Co. initially signed an investment deal with the Royal Commission for Jubail and Yanbu to construct the warehouse in November, 2022. The new facility is expected to raise Saudi coffee output from the current 300 tonnes per year to 2,500 tonnes by 2032 while further developing a more sustainable and localized value chain.
Agreement signed for establish of central sorting unit in Oman
Silal signed an agreement with Masaco Trading Est for the establishment of a Central Sorting Unit on a 3,500 m2 area within the central market. Muscat-based Masaco is a leading wholesale distributor of premium fruits, vegetables, and eggs based in Oman. Established in 1974, the company specializes in the identification, elimination, reduction, substitution or control of significant quality and other operational risks. Silal announced the signing of an agreement with leading hypermarket chain LuLu Hypermarket for the establishment of a central refrigerated warehouse covering an area of 6,000 m2. LuLu Hypermarket, the retail division of multinational LuLu Group International, operates more than 260 stores across the Gulf region.
Multiple orders won to built gas insulated substation in Oman
The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won multiple orders in Gulf countries which stand testimony to its dominant position in the region's clean energy space. The business has secured an order in the State of Kuwait to build a 400kV Gas Insulated Substation. This substation will be instrumental in powering the residential clusters being developed as part of South Sabah Al-Ahmad City project.
The Sultanate of Oman is integrating its multiple standalone electricity networks into a 400 kV national grid. As part of the interconnection and grid strengthening, PT&D has received orders to build a 400 kV Overhead Transmission Line and two 400 kV Grid Stations. Then, in the United Arab Emirates, the business has secured orders to construct two 132 kV Substations with associated works.
OMR8 million three new pacts signed in Oman
Samail Industrial City signed three new investment contracts to localise projects in the fields of water desalination, building materials, and plastics, with a total investment value exceeding OMR8 million. The three projects will cover a total area of approximately 50,000 sqm. The new projects aim to generate job opportunities for national cadres and supply both local and international markets with top-notch products manufactured utilising cutting-edge technologies, thereby boosting the national economy.
The first agreement was signed with Tasnee Metal Company to set up a project for manufacturing water treatment and desalination equipment on a plot covering 10,045 sqm with an investment of OMR4,850,000. The second contract was signed with Prism Global Company, to establish a project focusing on the manufacturing of gypsum, cement and adhesives on a 19,865 sqm area and with an investment of OMR1,800,000. Further, the third agreement with Future for Plastic Industries involves establishing a project for manufacturing plastic and rubber products. With an investment of OMR1,400,000, this project will be located on a land area of 20,000 sqm.
Plans underway to launch sustainable energy project in Bahrain
The Avenues-Bahrain, the largest sea front shopping and entertainment destination in Bahrain, announced a groundbreaking initiative in collaboration with Yellow Door Energy, the leading sustainable energy partner for businesses, to implement a stateof-the art sustainable energy project. The transformative project, operating under a power purchase agreement (PPA) model, involves the development of a 3.5 MWp solar carport system. It will feature the installation of over 6,000 cutting-edge bifacial solar panels across the entire outdoor parking facility of The Avenues-Bahrain, reinforcing the complex's commitment to environmental stewardship. Construction will begin shortly and the solar system is anticipated to be completed in Q4 2024. Upon completion, it will provide much needed shading to 1,025 parking spots, covering an area of 23,500 square meters. Over 5.8 million kilowatt-hours of clean energy are expected to be produced in the first year of operation, equivalent to reducing carbon emissions by 4,000 metric tons, significantly enhancing the complex's sustainability leadership.
MoU signed to built new electric vehicle manufacturing plant in Abu Dhabi
The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MoU) with Emirates Global Industries - Alfahim Group to enable the manufacturing and assembly of electric commercial vehicles (ECVs) in Abu Dhabi. Under the agreement, ADDED will support Alfahim Group in the establishment of an industrial facility for the manufacturing and assembly of electric buses and trucks. The facility will also develop energy storage and charging solutions for a variety of industries and applications, in alignment with the Abu Dhabi Industrial Strategy (ADIS).
The development and enhancement of the transportation and green solutions sector, in collaboration with key private sector players, contributes to the growing industrial hub in Abu Dhabi. The new facility will also implement tailored training and qualification programmes for UAE nationals seeking careers in the ECV manufacturing sector. The agreement also includes plans to establish manufacturing facilities that meet the anticipated growth in demand for energy storage and charging networks, paving the way for the development of local ECV manufacturing projects. ADDED will support Alfahim Group to strengthen partnerships with international manufacturers toward the creation of a robust ECV production ecosystem in Abu Dhabi.
Two new branded hotels to be launched in Saudi Arabia
Global hospitality major Hyatt has announced that one of its affiliates has entered into management agreements with Knowledge Economic City (KEC) for two new Hyatt-branded hotels - Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. These properties will add a combined 576 keys to Hyatt's portfolio in the Kingdom of Saudi Arabia (KSA). Hyatt House Madinah KEC will include 446 residentially-styled rooms, ensuring comfortable accommodation for all types of travellers looking for a home away from home. Hyatt Centric Madinah KEC will feature 130 modern rooms and suites with art and styling elements that celebrate the character of Medinah. The lifestyle hotel will seamlessly blend functionality with boutique charm, providing a local home-base for savvy travelers returning from city exploration.
Bid evaluation process to be completed soon for waste-to-energy project in Iraq
The bid evaluation process for the contract to develop a waste-to-energy (WTE) plant in the Al Nahrawan area of Baghdad Governorate is expected to be completed shortly. The plant will have the capacity to treat 3,000 tonnes of waste a day and generate nearly 80 megawatt-hours (MWh) of electricity. It will be developed using a design-build-own-operate model. Iraq's National Investment Commission (NIC), in coordination with the Municipality of Baghdad, the Ministry of Electricity and the Ministry of Environment, is evaluating the proposals for the contract.
$93mln offshore drilling contract awarded in Qatar
Saudi-listed ADES Holding Company has signed an offshore drilling services contract with France's TotalEnergies in Qatar for 350 million Saudi riyals ($93.32 million). The contract is valid for one year with an option to extend for another 18 months. The contract will start in the second half of 2024.
$60mln Solar tracker manufacturing facility will be built in Saudi Arabia
The Saudi Industrial Cities and Technology Zones Authority (MODON) has allocated 200,000 square metres of land within Jeddah's Second Industrial City to manufacture smart solar trackers and building-integrated solar photovoltaic (BIPV) systems. The project is supported by Chinese investments totaling 225 million Saudi riyals ($60 million). Details about the investor or the capacity of the facility have not been disclosed but the project is in line with the localisation targets of the national industrial strategy and the kingdom’s renewable energy goals.
Plans underway to establish a power plant in Iraq
Iraq's Electricity Minister met officials from Qatar's UCC Holding in Baghdad to discuss a 2,100 megawatts (MW) power project in North-Central Baiji city. The project includes the construction of six steam units with a production capacity of 350MW each. The new plant, one of several power projects approved by Iraq in post-war rebuilding plans, would be built on the same site of a previous power station that was destroyed during the war eight years ago.
Deal signed to establish new beverages plant in Oman
Samail Industrial City, pertaining to the Public Establishment for Industrial Estates (Madayn), has signed an investment agreement with Al Khayal Business and Investment Company to establish a manufacturing plant for beverages, juices and soft drinks. The project is planned to be implemented on a total area of 5,000 sqm, involving an investment of RO16mn for phases 1 and phase 2 of the project.
$140 million contracts awarded in Saudi Arabia
Global engineering firm, Parsons has awarded two significant contracts in Saudi Arabia during the first quarter of 2024. The first was a new $87 million threeyear contract. This project is for the development of a luxury mountain tourism destination and the real estate development customer is owned by the Public Investment Fund of Saudi Arabia. The second award was a $53 million contract for program management of Riyadh's road network.
$653.1 million engineering procurement and construction contract awarded in UAE
National Marine Dredging Company (NMDC), UAE announced that its Subsidiary, National Petroleum Construction Company (NPCC) (NMDC Energy) has received a Letter of Award. The value of the contract is USD 653.17 million. The project works includes Engineering, Procurement and Construction basis for the duration of 30 months.
New water theme park project launched in Saudi Arabia
Saudi-based Qiddiya Investment Company (QIC) has announced the launch of Aquarabia, the first water theme park of its kind in Saudi Arabia and the largest in the region. Aquarabia will be Saudi Arabia's first home-grown water theme park and will draw visitors from across the globe with its 22 rides and family-friendly water-based experiences. This includes four world-records including the world's tallest water coaster, the tallest drop body slide, the tallest water slide, and the longest mat racer. Aquarabia will also feature the first underwater adventure ride featuring fully submersible cars. Adrenaline lovers will enjoy an extreme watersports zone dedicated to rafting, kayaking, canyoneering, free solo climbing and cliff jumping, as well as the kingdom's first surf pool. Moreover, Aquarabia will offer immersive, narrative-based design elements and attractions seldom seen in water parks. It is currently under construction and are expected to be completed in 2025.
New residential community development launched in Dubai
Private developer Amwaj Development has entered the Dubai real estate market with the launch of its first project to cash in on the rising demand for the property market. The Starlight Park is a four-building freehold community in Meydan, offering 172 apartments including 1, 2 and 3-bedroom units. The completion date for Starlight Park is set for the second quarter of 2026. All apartments have dedicated parking spots, a common outdoor garden oasis, a rooftop pool, a fitness studio, a rooftop cinema, indoor/outdoor kids play areas, yoga and boxing studios, paddle tennis, EV charging stations and a resident's lounge.
$43mln drilling contract awarded in Egypt
Saudi-listed ADES Holding Company has received a direct award of contract (DAC) from Suez Oil Company (SUCO) in Egypt for three jackup drilling rigs in the Gulf of Suez, which is expected to commence in the coming weeks. The value of the 21-month contract is 161 million Saudi riyals ($42.93 million). The new award follows the group's recent contracts in Qatar and Thailand, slated to commence operations in the second half of 2024. These awards bring the total redeployments of the recently suspended rigs in Saudi Arabia to three out of five jack-ups.
Oil tanker tender secured for 6 giant oil tankers in Bahrain
The Arab Shipbuilding and Repair Yard Company (ASRY) has announced that it had recently won a regional tender launched by the Kuwait Oil Tanker Company (KOTC) to carry out docking and maintenance work for 6 giant oil tankers. ASRY's success in securing this prestigious project is a testament to its long-standing experience, competitive offerings, and high-quality services that distinguishes itself in the face of fierce competition within the global marine market.
SAR 161M contract awarded for drilling project in Saudi Arabia
ADES Holding Co. received a direct award contract (DAC) from Suez Oil Co. (SUCO) in Egypt, on May 2, 2024, for jack-up drilling rig in the Gulf of Suez, at a total value of SAR 161 million. The 21-month contract is for a standard jack-up rig from its existing fleet. Work is to commence in the coming weeks.
Wastewater plant upgrade contract awarded in Bahrain
Bluewater Bio, one of the fastest growing water technology companies in Europe, has secured a major contract to provide EPC (engineering, procurement and construction) services as well as technology supply for the upgrade of the North Sitra wastewater treatment plant in Bahrain. Contract value is £33 million ($41 million). Under this contract, Bluewater Bio will be responsible for all aspects of engineering, acting as EPC contractor and technology supplier, through the provision of their advanced treatment technologies, Hybacs and FilterClear. The entire contract duration work will be completed within a two-year period.
SAR 60M contract inked for steel pipe manufacturing in Saudi Arabia
East Pipes Integrated Company for Industry signed a contract with Maramer Contracting Co. on May 5, 2024 at a total value exceeding SAR 60 million. Under the six-month contract, East Pipes will manufacture, coat, and supply steel pipes.
New industrial city and logistics zones to be established in Saudi Arabia
The National Housing Co. (NHC) signed a cooperation agreement with China's CITIC Construction Group to establish an industrial city and logistics zones for building materials. The project will include 12 factories to secure supply chains for residential projects. The agreement comes within NHC's framework of securing supply chains for its residential projects, and ensuring their implementation at the target time with high quality. The project aims to attract 12 of the largest factories specialized in building materials and benefit from Chinese experiences. It also includes the entry of some local factories to boost the level of business.
Foundation stone laid for air conditioners manufacturing factory in Saudi Arabia
In light of the industrial renaissance witnessed by the Kingdom of Saudi Arabia under Vision 2030, which aims to support local content, localize industry, and transfer knowledge, and the Saudi Green Initiative, which aims to achieve the vision of reducing carbon emissions by 2030 and paving the way towards zero neutrality by 2060, Basic Electronics Co., Ltd. celebrated the laying of the foundation stone of the Advanced Basic Company for Industry's factory. The factory specializes in the manufacture of air conditioners to provide sustainable and environmentally friendly cooling solutions that directly contribute to reducing carbon emissions. The ceremony took place on April 23, 2024, on a total area of more than 70,000 square meters for the first stage. The project aims to employ more than 2,000 employees. The first phase of the industrial complex aims to produce high-efficiency smart air conditioners with VRF technology integrated with photovoltaic energy production technology to meet immediate needs. It also includes smart and innovative laboratories for device testing, a research and development center, and a training facility. The second phase of the industrial park will encompass the production of all air conditioning solution technologies using the latest industrial technology programs worldwide, such as artificial intelligence and digitization systems produced by our strategic partner, Gree Company, which holds numerous patents globally.
Plans underway to establish new luxury hotel in Saudi Arabia
The Saudi hospitality landscape is poised to welcome a new luxury hotel brand following a management agreement between UK-based IHG Hotels & Resorts and REFAD Real Estate Co. The deal will bring the lifestyle brand Hotel Indigo & Residences, featuring 200 keys, to Alkhobar by September, 2027. Supported by the Kingdom's Tourism Development Fund, the hotel will also include serviced apartments. Hotel Indigo and Residence will provide guests with a range of dining options, including the Neighborhood Cafe and Lobby Lounge, as well as an Executive Lounge for a diverse culinary experience. Business travelers will have access to facilities, including five meeting rooms and a ballroom spanning 290 sq. m., all equipped with the latest technology.
Plans unveiled for new desalination plant in Bahrain
The Electricity and Water Authority (EWA) is gearing up for a major infrastructure upgrade with the construction of a new seawater reverse osmosis desalination plant. Dubbed the 'New Hawar SWRO Desalination Plant,' the project aims to bolster water production on Hawar Island. Scheduled to be developed under an EPC Contract, the ambitious initiative seeks to enhance the water supply infrastructure along Bahrain's southeastern coast. With a projected net water capacity (GNCWC) ranging from one to two million imperial gallons per day (MIGD) of potable water, the desalination plant promises to provide a reliable water source for the region. In addition to the state-ofthe-art desalination facility, the project includes the construction of two ground storage tanks (GSTs), each with a capacity of 1 MIG, as well as the installation of associated forwarding pumps. The comprehensive approach underscores the EWA's commitment to meeting the escalating water demands of Bahrain's residents and businesses. The upcoming public international tender marks a significant milestone in Bahrain's efforts to modernise its water infrastructure and strengthen its resilience against water scarcity. The EWA invites qualified contractors and firms to participate in this transformative project, which is poised to enhance water security and promote sustainable development in the Kingdom. Interested parties are encouraged to submit bids before the 24th June, 2024, accompanied by a BD5,000 bond with a validity period of 180 days. The successful bidder will be awarded a 12-month contract to execute the project.
€32mn new gateway facility will be built in Oman
DHL Express celebrated the groundbreaking ceremony of its new state-of-the-art gateway facility at the Muscat International Airport on 5th May 2024. The ceremony marked a significant milestone in DHL's commitment to strengthening its footprint and service offerings in Oman. The new facility, representing an investment of more than €30mn (approximately RO12.4mn) over 20 years, will serve as a comprehensive logistics hub encompassing a service centre, gateway for import and export shipments, customs clearance capabilities, and a dedicated country office for DHL Express Oman.
Spanning a plot size of 12,621 sqm and featuring an expansive built-up area of 8,074 sqm, the new gateway will cater to the growing needs of over 4,200 DHL customers in Oman. It will boast a processing capacity of 2,400 shipments per hour, ensuring fast and efficient handling of both domestic and international shipments. The new DHL Express Gateway will be equipped with several cutting-edge features to ascertain efficient operations. At its core lies an intelligent countrywide distribution centre featuring an intelligent bi-directional conveyor system that can seamlessly process up to 3,000 shipments per hour. In-house customs clearance, bonded storage, and a direct vehicle loading facility will further streamline processing, while a logistics fulfilment and storage centre will offer tailored solutions for select customers. The new gateway will incorporate sustainable features like solar power generation, energy-efficient lighting, and state-of-the-art climate control systems.
44.5 hectares area occupied for first LNG bunkering project in Oman
Sohar Port and Freezone has signed a sub-usufruct agreement with Marsa LNG LLC, a joint venture between TotalEnergies EP Oman Development BV and OQ, for the development of an LNG liquefaction plant in Sohar Port. This project is set to significantly reduce the industry's carbon footprint, advance Sohar as a forerunner in the global green energy revolution and establish Sohar Port as the first LNG bunkering hub in the region. The LNG bunkering project boasts a distinct commitment to sustainability as the first of its kind powered by 100% solar electricity, reiterating its status as a beacon of renewable energy innovation. With a total investment of $1.6 billion and an expansive land area spanning 44.5 hectares, this transformative project epitomizes the region's bold vision for a greener, more sustainable future. The agreement between Sohar Port and Marsa Liquefied Natural Gas LLC represents a strategic step towards achieving Oman's Vision 2040, reinforcing the country's commitment to sustainable development and enhancing the maritime sector.
12-school project awarded in Oman
Oman has awarded a project to build 12 schools in various parts of the Gulf country with a value of around 20.9 million Omani rials ($54 million).
Construction contract planned to be awarded for multi-trade market in Abu Dhabi
Abu Dhabi Ports Company is expected to award the engineering, procurement and construction (EPC) package for its Al Haffar Souk (Phase 1) in Abu Dhabi by the second quarter of 2024. The project site is located approximately 60 km east of Abu Dhabi City, on the south side of the Abu Dhabi – Al Ain Highway. The bid evaluation is currently on going and the EPC contract is expected to be awarded in May 2024. The project's scope of work involves the construction of a multi-trade market with amenities planned within Dhaharat Al Teeb district over an approximate area of 1,400,000 square metres. The scope is divided into two facilities: Facility 1 (Plot 1) includes carpet shops, furniture shops, food retail, offices, while Facility 2 (Plot 2) includes plant shops and food retail. The scope also includes design and construction of the access roads, internal road work, plot paving work activities, pedestrian crossings, truck and Car parking spaces, external storm water infrastructure works, external wastewater work, potable water works, external firewater/firefighting network, supply, installation, testing and commissioning of a 11/0.4kV substations and associated medium voltage network to connection to the existing primary substations. The project is slated for completion by the fourth quarter of 2025.
Agreement signed to establish an integrated commercial project in Yanbu
Royal Commission for Jubail and Yanbu and the Chairman of the Board of Directors of Al-Othaim Investment Company signed an agreement to allocate a site for the establishment and operation of an integrated commercial project in the waterfront of Yanbu Industrial Area worth $106 million (SAR400 million).
The agreement was signed to allocate the project site on the waterfront in Yanbu Industrial City with an area of 200,000 square metres that includes an integrated commercial mall, a hotel with international specifications, in addition to huge entertainment spaces, distinctive restaurants and cafes, multiple cinemas, and open green spaces on the façade, and the project is characterised by its smart design and innovative distribution of jobs and services.
Agreements signed for gas field development in Southern Iraq
Iraq-headquartered energy and utility company Raban Al-Safina for Energy Projects (RASEP) has signed memorandums of understanding (MOUs) with American companies to develop the Nahr Bin Omar gas field in Basra in southern Iraq. The MOUs were signed with KBR, Honeywell, Baker Hughes, Emerson, and GE. The agreements cover engineering designs, supply of equipment, technology and high-efficiency production solutions. Bin Omar Development Project consists of two Phases.
Phase I includes the construction and operation of:
- Three stages raw gas gathering and compression facility
- 150 MMSCFD gas processing facilities
- Gaseous and liquid hydrocarbons storage tanks
- Export terminal at Umm Qasr seaport
- Pipelines for gas and liquid hydrocarbons connecting the gathering facility to the gas processing facility, and the gas processing facility to the existing gas network and to the export terminal.
Phase II includes:
- Construction of an additional 150 MMSCFD gas processing facility
- Construction of an additional raw gas gathering and compression facility
- The upstream development of the Bin Omar oilfield to increase the production.
The pipeline network planned for the project extends 400 kilometres. The estimated budget is $500 million.
Agreement signed for 1GW solar power plant in Kuwait
State-owned Kuwait Oil Company (KOC) has signed a memorandum of understanding with the Ministry of Electricity, Water and Renewable Energy for the construction of a 1-gigawatt (GW) capacity solar power plant. Kuwait has set a target to expand renewable energy share to 15 percent of total capacity, including nearly 17GW generated by the country's oil sector.
Contracts signed for construction of residential buldings in Saudi Arabia
Stella Stays, a leading proptech company offering customer-centric, technologically-supported living spaces, has recently signed contracts for two new buildings in Riyadh. The properties, located in the vicinity of the Malik Fahad Road in the capital, will add 162 new residential units into the group's Saudi portfolio. The two new branded residences - marked as 3rd and 4th towers - which opens later in 2024, will offer guests Stella Stay's signature user-centric services, with modern sleek interiors and spacious, fully-equipped apartments, specifically designed to cater to guest's needs. The towers represent the company's 'Show Up and Start Living' concept, offering modern, fully equipped apartments and co-working spaces, along with other recreational, commercial and community amenities. While the addition of these buildings marks a key milestone for Stella Stays, it also underscores the company's overarching mission; to provide enhanced user experiences and redefine the standards of modern living globally.
Deal signed deal for 8-gigawatt wind farm projects in Egypt
Egypt signed land allocation documents for two wind energy projects in the West Sohag region. The two wind energy projects are set to have a combined capacity of 8 gigawatts with foreign direct investments estimated to reach $9 billion. The first project, with a targeted capacity of 5 gigawatts, will be spearheaded by SCATEC, while the second project, aiming for 3 gigawatts, will be implemented by an alliance led by Orascom Construction. The projects will be developed in multiple stages in collaboration with the New and Renewable Energy Development and Utilization Authority, utilizing the Build-Own-Operate (BOO) system. The consortium of investors includes ENGIE's subsidiary Kahrabel, and the Japanese company Euros Energy Holdings. These investments were initially agreed upon through memorandums of understanding signed during the COP27 conference in November 2022, between the developers, the Egyptian Electricity Transmission Company, and the New and Renewable Energy Authority. Immediate site studies, technical assessments, and environmental impact evaluations will commence after the land handover, paving the way for the construction phase. The projects align with Egypt's energy sector strategy, which aims to increase the share of renewable energy sources in the energy mix to 42% by 2030. Additionally, the projects are expected to reduce approximately 17 million tons of carbon dioxide emissions annually and create around 18 thousand direct and indirect job opportunities.
Construction work underway for infrastructure project in Oman
Oman Tourism Development Company (Omran) has announced that work is moving at a steady pace on its Sustainable City - Yiti project, being jointly developed by SEE Developers, the investment and development arm of SEE Holding Group in capital Muscat, with 90% of the infrastructure already completed. Located just outside of Muscat, the ambitious project spans 1 million sq m with an investment value of approximately $1 billion. It can accommodate over 10,000 people in villas, townhouses, and apartments. The project promises a high standard of living throughout the 300 villas/townhouses and 1,225 plaza apartments. To meet sustainability targets, the development seeks to reduce emissions across the six pillars of environmental sustainability: food, energy, water, products, mobility, and waste.
72km mangroves coastal project proposed in Dubai
A groundbreaking initiative that sets new standards for coastal regeneration in Dubai has been proposed for development by URB, a leading urban planning and development firm based in Dubai. Dubai Mangroves aims to integrate ecological preservation with urban development, enhancing Dubai's coastline with a vision of planting more than 100 million mangrove trees over 72 km. The proposal aligns with the city’s environmental goals and the objectives of the Dubai 2040 Master Plan, focusing on urban resilience, biodiversity, and sustainable planning. The project is currently at the research stage with six pilot design studies proposed across selected areas. Each zone will serve as a model for how diverse infrastructural elements can be harmoniously combined with mangrove restoration efforts to create multifunctional coastal landscapes that offer ecological, recreational, and aesthetic benefits. At the heart of the new initiative are mangroves, known for their unique ability to sequester carbon, protect coastal areas from erosion, and support for marine life and food security. With the capacity to absorb approximately 12.3 kg of CO2 annually per tree, the entire project can sequester 1.23 million tonnes of CO2 each year, the equivalent of removing the CO2 emitted by more than 260,000 gasoline-powered passenger vehicles from the roads each year. The project also includes various edutainment assets, such as the Mangrove Visitor Hub, designed to educate and engage the community and visitors about the importance of mangroves and the broader environmental challenges facing our planet. The Hub, alongside the Botanical Museum and the Nature Reserve Conservation Center, will serve as platforms for research, education, and advocacy, promoting environmental stewardship among residents and tourists alike.
Prime residential development unveiled in Bahrain
Al Areen Holding, a leading real estate development company in Bahrain, has officially launched its new residential project 'Tilal' within the kingdom, featuring modern villas and townhouses along with several key amenities tailor-made for Bahraini families. Tilal residential project is located within the masterplan of Areen featuring homes with modern designs in line with latest trends in construction. Each unit also features high-quality finishes, taking into account environmental sustainability. The project is situated near Al Areen Wildlife Park in the kingdom's southern region and close to the Bahrain International Circuit and Al Dana Amphitheatre. Tilal uniquely embodies the cultural advancement witnessed by the Kingdom of Bahrain and the development of its architectural scene. The new project will constitute a notable addition to residential communities in the Kingdom, due to its facilities that reflect modern trends in construction and design to create sustainable cities.
New luxury hotel apartments to launched in Saudi Arabia
Saudi-based Ladun Investment Company has signed a partnership agreement with award-winning hospitality group, Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living - a tower featuring luxury hotel apartments situated on King Fahd Road in Riyadh. The construction of the SAR300 million ($80 million) tower is set to commence in 2024, with likely completion in 2027. The partnership marks the first project of Cheval Collection in Saudi Arabia, and will feature 130 residential units of various sizes, from one- to three rooms, along with amenities including a gym, swimming pool, and sauna. Several contracts were also signed with key service providers and partners, including the primary contractor, Built Industrial Company (a Ladun Investment subsidiary); Al Rajhi Bank for project financing, Khatib and Alami Company for design and implementation supervision; Abdulelah Al Mohanna Company for architectural design consultation; DZ Company for interior design consultation.
New tramway project plan implemented in Iraq
Iraq's Baghdad Municipality is planning to build a tramway connecting Bismayah, a large-scale housing development in Diyala, with Bab Al-Sharqi in Central Baghdad. This project, which will be offered on an investment basis, aims to alleviate traffic congestion and complement other initiatives like opening previously closed streets and expanding existing roads.
Usufruct agreement signed for sportswear factory development in Egypt
Suez Canal Economic Zone (SCZONE) has signed a usufruct agreement with Thailand's HiTech Apparel Company to establish a sportswear factory over 64,000 square metres of land in the Qantara West (Abu Khalifa) industrial zone. The total investment in the factory is $20 million. The planned factory will be the Thai company's first unit in the Middle East and Africa region and will generate 1,500 jobs. The company expects to lay the foundation stone for the factory in the second half of 2024 with operations scheduled to begin in the second half of 2025.
Compound fertilizer production facility to be built in Iraq
UAE-based company ARJ Holding LLC has signed a contract to establish a compound fertilizer production project in Baiji, Salah al-Din province. The facility will have an annual production capacity of 249,000 tons of various compound phosphate fertilizers. It will make di-ammonium phosphate (DAP) fertilizer and urea fertilizer.
Foundation stone laid for cast iron pipe factory in Egypt
China's Xinxing Ductile Iron Pipe Company laid the foundation stone for its $146 million cast iron pipes factory in Egypt's Suez Canal Economic Zone (SCZONE). The plant, spread over an area of 270,000 square metres, will produce high-pressure flexible cast pipes (from 100 mm to 1000 mm) with a capacity of 250,000 tonnes per annum. The project is expected to provide 714 direct job opportunities.
New residential development master plan launched in Egypt
Egypt-listed real estate developer Madinet Masr announced the launch of Sheya, their latest project spanning an area of 228,212 square metres (sqm) within the flagship 'Sarai' master plan. Sheya comprises a total of 744 residential units, including 420 S-villas and 324 apartments and is scheduled to be fully completed within four years.
$862m deals inked for residential developments in Oman
Omani authorities have announced that partnership agreements worth RO333 million ($862 million) have been sealed with leading developers for setting up residential neighbourhoods across the sultanate. These projects, which will come up on a total area of 3.3 million sq m, will feature more than 5,000 new residential units. The agreements were signed on the sidelines of The 'Third Real Estate Development Conference' held in conjunction with the '18th edition of the Design and Construction Week', at Oman Convention and Exhibition Centre. It is being organized by the Ministry of Housing and Urban Planning in cooperation with Oman Real Estate Association. Among the key neighbourhood projects being implemented include Al Luban in the Wilayat of Nakhal, Governorate of South Al Batinah; the Majd Neighborhood project in the Wilayat of Sohar, Governorate of North Al Batinah and the Tilal Al Nakheel project in the Wilayat of Khasab. These projects are being developed as part of the Integrated Residential Plans and Neighborhoods Project. The event also included the signing of agreements to award integrated residential layouts for units that occupy a total area of 1.3 million sq m.
Second residential community launched in Dubai
The Abu Dhabi master-developer Aldar has launched its second residential community in Dubai, called the 'Athlon' and what it says is designed for those seeking 'active living'. What this means is that future residents will have access to a 'dynamic program of activities curated by wellness experts'. The project thus goes all in on 'fitness-focused living'. The location is near Global Village. The project is being pitched to end-user buyers, with 1,492 units in all. These will be split into three- to four- bedroom townhouses, three- to five-bedroom 'standard' villas, and four- to six-bedroom 'premium' villas.
Athlon – based on the Greek word for 'place of contest' – is doubling down on the green space, with four themed parks surrounding a central park. There will be seven clubhouses, with 'dedicated zones for fitness and socialising throughout the community'. In all, there will be 10 kilometres of tracks, trails, and loops, with the cycling loop connected directly to Al Qudra’s 'iconic track'.
45 New hotels to be built in Saudi Arabia
French multinational hospitality company Accor is set to expand its hotel portfolio in Saudi Arabia with 45 new establishments by 2030. While the company currently has 41 hotels in the Kingdom, it plans to add more – initially claiming there would be another 40, before later revealing it be 45, with an additional 9,800 rooms by 2030. It aims to actively share its expertise, learn from industry peers, and collaborate on initiatives that will shape the future of the hospitality sector. Accor and the Ministry of Tourism in Saudi Arabia have signed this partnership, which is dedicated to nurturing and developing Saudi talent in the hospitality industry.
Deal signed for new luxury lifestyle hotel in Saudi Arabia
Abha, a city in Saudi Arabia's Asir region, is poised to welcome its first luxury lifestyle hotel through an upcoming deal with American operator Valor Hospitality. Valor has signed a deal to break ground on a very different upscale property in Abha, with details to be announced within a month.
US consultancy firm to provide consultancy services to the development road project in Iraq
The Iraqi Council of Ministers has authorised the Ministry of Transport to contract with US-based Oliver Wyman for consultancy services related to the Development Road project. The Cabinet also exempted the project from following the contracting procedures outlined in Regulations of Governmental Contracts Implementation No. 2 of 2014.
Bidders invited for consultancy services to develop commercial district in Oman
Muscat Municipality has invited consultancy services to prepare a master plan for developing the commercial area in Al Qurm. The scope of work includes urban engineering, master planning, and architecture consultancy. Muscat Governorate has been working on a plan to revitalise the Qurm Commercial District as a vibrant shopping destination as it was in the eighties. The last date to collect tender documents is May 12 with the bid to be closed by June 2. New measures will include introducing green cover to the areas and offering opportunities for small and medium enterprises in retail trade, food, cafes, and other entertainment, shopping, and event services.
$6 Billion agreement signed for the construction of LNG vessel in Qatar
QatarEnergy signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its historic LNG fleet expansion program. The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China's Hudong-Zhonghua Shipyard, a CSSC wholly-owned subsidiary, and will feature state of the art technological innovation and environmental performance. 12 conventional-size LNG vessels are currently under construction at Hudong-Zhonghua, and that delivery of the first such vessels is expected by the third quarter of 2024.
Major project for commercial and medical development unveiled in Egypt
Egyptian developer Mazaya Developments announced its fourth large-scale project in the nation's rapidly developing New Administrative Capital (NAC) with a total investment of 5 billion Egyptian pounds ($105 million). The project will be an integrated commercial, administrative, and medical complex, featuring a ground floor, nine upper floors, and three basement levels. The ground, first, and second floors will be dedicated to commercial spaces, while the third to ninth floors will have offices. A separate building will be allocated for medical units, with a dedicated management company Tashawer overseeing its operations. The developer has partnered with Archrete for the architectural design and Brain 2 Fact to manage the commercial and office components.
Land lease agreement signed for new factory construction in Saudi Arabia
Arctech signed a land lease agreement with Saudi Arabia's MODON regarding the construction of Arctech's factory in Jeddah, marking a new phase for Arctech's Saudi factory investment. The factory will cover around 97,00㎡. Upon completion, it will become Arctech's second overseas production base following Gujarat, India. Planned for manufacturing high-quality PV tracking systems with a 3GW capacity, it can supply PV projects in the Middle East market. Coupled with Arctech's global supply chain, the localized production enables a 10GW local delivery capacity, bolstering supply chain resilience overseas. Arctech's Jeddah factory will drive the local PV industry chain's development and increase employment opportunities, positively impacting Saudi Arabia's sustainable economic development. This agreement signifies a new start for Arctech to implement the 'Belt and Road' cooperation initiative. Arctech will continue upholding its 'going global, blending in and being integrated' globalization strategy, contributing to global sustainable development.
Contract awarded for development of cement plant in Iraq
Iraq has awarded a contract to a Chinese company for the construction of a cement plant with a production capacity of 2 million tonnes per annum (mtpa). The project is to be executed by China Gezhouba Group Company (CGGC), is based in the South-Central Al-Diwaniyah province and would be completed within three years.
Designs approved for metro and rail network projects in Iraq
Iraq's cabinet has approved the preliminary designs for two projects involving the construction of an elevated metro in the capital Baghdad and a rail network linking Najaf and Karbala cities in central Iraq. It confirmed a consortium of Malaysian company HSS and Abu Dhabi-based CHSS as consultants for both projects.
$136m showroom and service centre launched in Dubai
Dubai South, the largest single-urban master development, has signed an agreement with AGMC to launch a new AED500 million (136.13 million) showroom and service centre at Dubai South. It will serve customers of its automotive brands BMW, MINI and other brands. The new state-of-the-art facility, which will be built to the highest standards surpassing any existing facilities, spans 33,000 square metres, and will feature BMW, MINI and other brands vehicles, as well as a fully-fledged service centre to provide customers with after-sales and maintenance services. The centre is located strategically at The Business Avenue, a flagship location in proximity to the VIP Terminal and Al Maktoum International Airport with easy access to Sheikh Mohammed bin Zayed Road, Jebel Ali Free Zone and Expo Road.
Contract warded for construction of residential buldings in Saudi Arabia
Saudi-based Retal Urban Development Company has awarded a contract worth SAR240 million ($64 million) to its key subsidiary Building Construction Company (BCC) for the construction of eight residential buildings in Sedra district in Riyadh City, without any preferential conditions or benefits. As per the deal, the BCC will complete the entire construction work within 26 months from the effective date of the contract.
New luxury residential development to be launched in Dubai
Axiom Prime Real Estate Development has announced the launch of Milestone Residences, a luxury development in Jumeirah Village Triangle (JVT) merging urban elegance with the charm of natural scenery. The project features 51 residences across one- and two-bedroom units, two-bedroom apartments with maids' rooms, and two retail outlets. Milestone Residences presents an unparalleled living experience, luxurious living, and a blending of urban sophistication with the tranquillity of natural surroundings. It also promises high ROI given its stunning views of the community park, strategic location with easy entry and exit, and convenient access within the community and destinations beyond.
Worlds largest coral restoration project launched in Saudi Arabia
King Abdullah University of Science and Technology (KAUST) has collaborated with NEOM, the developer of Saudi futuristic city, to start working on the first nursery of the KAUST Coral Restoration Initiative (KCRI). The newly built nursery, on the coast of NEOM in northwest Saudi Arabia, will transform coral restoration efforts with a production capacity of 40,000 corals annually. Functioning as a pioneering pilot facility, researchers will leverage it as the blueprint for large-scale coral restoration initiatives. Most importantly, this facility serves as a precursor to a more ambitious project - the world's largest and most advanced land-based coral nursery. This nursery, located at the same site, is an advanced coral nursery that will boast a ten-fold larger capacity to nurture 400,000 corals annually. Set on a 100-hectare site, the initiative will deploy two million coral fragments, marking a significant step in conservation efforts. With construction quickly progressing, the project is anticipated to reach completion by December, 2025. KCRI is the world's largest coral restoration project, aiming to restore reefs worldwide, said the university in its release. The primary nursery is already operational, and a second facility is being developed, both located in the Red Sea.
Deal inked for hospital management in Iraq
Elegancia Healthcare, a subsidiary of Qatar-based Estithmar Holding, has signed its second agreement with the Iraqi Ministry of Health to manage and operate the 492-bed Al Hasan Al Mujtaba Teaching Hospital in Karbala governorate in Iraq. The agreement follows Elegancia Healthcare's recent pact to manage and operate the Al Nasiriya Teaching Hospital in Dhi Qaar governorate, bringing the total number of beds under its management to nearly 1,000. Operations at both hospitals are expected to commence within the next two months, given that they are already operational. The agreements are geared towards developing and upgrading the health sector in Iraq. The agreements aim to improve operational efficiency, expand medical specialties, and implement the latest administrative and operational strategies. Al Hasan Al Mujtaba Teaching Hospital comprises three buildings and offers several healthcare services and surgical treatment facilities. The hospital has 19 medical departments.
First operational vertiport unveiled in Abu Dhabi
Abu Dhabi Investment Office (ADIO), in collaboration with the UAE’s General Civil Aviation Authority (GCAA) and Abu Dhabi Mobility (AD Mobility), has unveiled the UAE's first operational vertiport for vertical take-off and landing aircraft (eVTOLs). The temporary vertiport facility, constructed in line with the latest industry standards and regulations set by the UAE's General Civil Aviation Authority (GCAA), offers a glimpse into Abu Dhabi's strategy to deliver one of the world's most advanced sectors for electric vertical take-off and landing aircraft (eVTOLs) by 2026. AD Mobility will regulate the advanced air mobility sector in Abu Dhabi by working in conjunction with the UAE's GCAA. The temporary vertiport facility unveiled at DRIFTx was approved based on these rigorous standards, ensuring the highest levels of safety for operations. By pioneering this regulatory framework, the UAE's GCAA sets an example for regulators worldwide, showcasing a proactive approach to facilitating the safe introduction of emerging technologies.
Once complete, the vertiport network will be a key enabler of Abu Dhabi’s SAVI cluster. Centred in Masdar City, Abu Dhabi, it provides state-of-the art facilities and value-add services within an enabling regulatory environment for companies developing advanced technologies across air, land, and sea mobility applications. This is an exciting time for mobility in Abu Dhabi.
New contracts signed for several road construction projects in Iraq
The Iraqi Ministry of Planning announced the signing of four contracts to implement service projects in several villages in the Erbil and Karbala provinces. New contracts were signed for a series of projects in Erbil and Karbala. In Erbil, the projects include road construction in the villages of Ben Berzi Kawa, Shekhashal, Kainjika Kawa, and Kurdjal, as well as water network construction in villages such as Bagmara Shihab and Ben Berzi Kawa, and health centers in the villages of Hawdian, Sirishma, and Siwa Kawa. In Karbala, the projects involve road construction in the villages of Umm al-Baneen, Haswa al-Saud, Umm Halal 2, and Al-Dukhaniyah al-Gharbiyyah.
$6bn residential gated community unveiled in Abu Dhabi
ARA Real Estate Development, has unveiled the Arabian Hills Estate, a master-planned, gated community in Abu Dhabi, at an exclusive event held in Madinat Jumeirah, Dubai. The companyhas assumed the full development and management responsibilities for the AED22 billion ($6 billion) project. DECA Properties will be the exclusive sales and marketing partner for this ambitious 244 million-sq-ft project in Abu Dhabi. This partnership marks a significant step towards realising the vision of Arabian Hills Estate and aligns with the capital city’s 2030 vision for sustainable development and community-centric living. Arabian Hills offers open, freehold ownership, appealing to a diverse clientele seeking a modern lifestyle. The project incorporates stunning lagoons, natural pools, serene parks, and a range of recreational amenities including equestrian facilities, state-of-the-art wellness services, and multiple 5-star resorts and spas. The stunning project is designed to enhance the quality of life for primary residents as well as those on brief staycations.
New residential family-centric community launched in Dubai
Amwaj Development, marks its debut in Dubai's booming real estate market with the launch of Starlight Park, a four-building family-centric community in the heart of Meydan's District 11. The company has a planned development pipeline of over 1.5 million sq ft in new residential projects by 2024, and over 2 million sq ft in construction by 2025. The new four-building, five-floor freehold community offers 172 apartments including one-, two- and three-bedroom units, with expansive living and community spaces to create superior living experiences through cutting edge design, high-quality finishings and materials, and extensive resident amenities dedicated to each building. The Starlight Park is set for completion and handover in the second quarter of 2026.
All apartments at Starlight Park have dedicated parking spots and come with built-in television consoles in the living room, built-in cabinets and wardrobes and a custom designed wall feature in the master bedroom. The apartments are equipped with whitegoods from Italy including gas oven and stove, cooker hood, microwave, dishwasher, refrigerator, clothes washer and dryer. Residents of Starlight Park will enjoy dedicated amenities in each building which include a common outdoor garden oasis, a rooftop pool, fitness studio, rooftop cinema; indoor/outdoor kids play areas, yoga and boxing studios, paddle tennis, EV charging stations and a resident's lounge.
New residential development will be launched in Dubai
Emirati developer Binghatti has announced plans to launch a new mega development in Dubai, comprising a total of 1,666 residential units and 21 retail spaces adjacent to Dubai Hills. The landmark project, Binghatti Hills, is set to become the most expansive development within the community. The unveiling, on April 29, 2024 will be followed by a four-day sales event in Four Seasons Jumeirah, Dubai. The project will draw inspiration from the natural contours of terrains. Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living.
Binghatti Hills will feature private pools and lush sky gardens interwoven into the fabric of the architectural structure. It will boast a wealth of bespoke experiences within its meticulously designed amenity deck. Residents and guests alike can indulge in exclusive retreats at the private beach and find serenity amidst tranquil zen gardens. It will also offer a wide selection of playing fields for sports enthusiasts in addition to the pavilion, wellness center and kids play area for leisure seekers. The project promises great ease of access, with a strategic location in close proximity to the entrance and exit points of the community. The development will stand opposite the prestigious Dubai Hills Mall and will be in close vicinity to lavish hotels adding to its prominence with the city's vibrant landscape.
320k new hotel rooms to be developed in Saudi Arabia
Saudi Arabia is gearing up to expand its hospitality sector by developing 320,000 new hotel rooms by 2030. It has been disclosed that as much as 67 percent of the planned hotel room supply in the Kingdom would fall in the upscale or luxury categories, referring to 4-star and 5-star accommodations. This move aims to cater to the projected surge in tourism, with 150 million domestic and international tourists expected by 2030.
Construction work underway for housing projects in Iraq
Iraq needs to build two million houses to tackle a supply gap that has widened because of internal hostilities and lack of investments. Plans to tackle that deficit includes the construction of new residential cities in all governorates and offering some of them to investors. A number of foreign companies have submitted bids to build residential cities and housing complexes and that they are under consideration.
Plans underway to establish integrated textile manufacturing city in Egypt
A Chinese consortium has expressed its interest in establishing an integrated textile manufacturing city in Egypt with $300 million worth of investments.
$160M sodium cyanide factory to be established in Egypt
The Austrian Petrochemical Holding Company and the Czech Draslovka Company are planning to establish a joint project aimed at producing sodium cyanide within Egypt with $160M for the initial phase of the project. The project entails the construction of a sodium cyanide factory in Egypt, primarily focusing on meeting local demand and exporting 80% of the production to markets in the Nile Basin, the Middle East, and Africa. The potential of the Egyptian market for such a project, citing numerous incentives available for strategic investments, an abundance of raw materials, and a skilled labor force. Additionally, Egypt's network of free trade agreements with various countries and economic blocs would enable the project's products to enter multiple markets without incurring customs duties.
The production of sodium cyanide is of significant importance to several key industries, including mining, pharmaceuticals, and agricultural pesticides. The venture would facilitate the transfer of advanced European expertise and technologies in chemical industries to Egypt, further enhancing the country's industrial capabilities. Moreover, the project would increase Egyptian exports, particularly to African markets, in line with the African Free Trade Agreement (AFCFTA). The joint venture will position Egypt as a major exporter of sodium cyanide to diverse international markets. The project's implementation will leverage the expertise and technologies of European partners, further bolstering the country's industrial capabilities and contributing to its overall economic advancement. The project entails the construction of a sodium cyanide factory in Egypt, primarily focusing on meeting local demand and exporting 80% of the production to markets in the Nile Basin, the Middle East, and Africa.
$450mln deal signed for boiler rehabilitation in Kuwait
Kuwait-listed Heavy Engineering Industries and Shipbuilding Company (HEISCO) has signed a contract with the Ministry of Electricity, Water and Renewable Energy with a value of around 136.6 million Kuwaiti dinars ($450 million). The project involves 'boiler rehabilitation and lifetime extension and replacement of control system for boiler, steam turbines and auxiliaries for eight units' at Al-Zour South Power and Water Distillation Station.
New $42mln residential development launched in Egypt
Egyptian developer TLD has launched Laguna, a new extension within its il Bayou project, in Sahl Hasheesh in the Red Sea governorate, at investment of 2 billion Egyptian pounds ($42 million). Laguna spans an area of 80,000 square metres (sqm) and will increase il Bayou's total area to more than 125,000 sqm. It comprises 125 villas and 100 chalets and is expected to generate sales worth EGP550 million ($11.5 million). Laguna, designed by L35 Madrid, is the first phase of a five-phase integrated residential and hotel project being developed as an extension to il Bayou.