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Saudi giga projects - The Line, NEOM

Saudi Arabia: Real estate and infrastructure projects’ value tops $1.1tn since launch of Vision 2030

Global real estate consultancy Knight Frank said it’s tracking 15 giga projects in various phases of construction around the kingdom, many of which are new stand-alone super-cities

Nakheel unveils Dubai Islands' master plan (2)

Nakheel introduces master plan vision for Dubai Islands

Dubai Islands features over 20 kilometres of beaches, including a Blue Flag certified beach, approximately two square kilometres of parks and golf courses

ADNOC Drilling confirms $2bn in contracts for Hail, Ghasha Gas Development Project

ADNOC Drilling confirms $2bn contract award for Ghasha mega project

The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units

Saudi Arabia’s Crown Prince announces design for ‘The Line’ in Neom

Saudi Arabia’s Crown Prince announces design of ‘The Line’ in NEOM

The design showcases how urban communities in the future will run on 100 per cent renewable energy, free from roads, cars and emissions

Borouge 4 construction to commence in Ruwais

Borouge 4 construction to commence in Ruwais, early phase underway

Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene

ASCER Tile of Span

Spanish ceramics are making their presence felt in the Middle East, one tile at a time

Vicente Manuel Nomdedeu Lluesma, president of the Spanish Ceramic Tile Manufacturer’s Association, on Tile of Spain’s growing popularity in the Middle East, the sector’s focus on sustainability and other key trends

AMAF and Awqaf launch endownment projects In Dubai - image- WAM

UAE’s Awqaf, AMAF launch four endowment projects in Dubai worth Dhs56.2m

The new projects located across Dubai will be implemented from the fourth quarter of the year

construction

How digitalisation in construction can foster collaboration

Technology such as building information modelling is improving efficiency in construction by ensuring time savings and cost reductions

Leveraging plastic_construction_workers

Insights: Leveraging recycled plastics in the construction sector

According to Plastics Europe, just under half of post-consumer recycled plastic is now used in building and construction, including for bricks and fences

Midday work break in the UAE to start from June 15

Under the rule, working under direct sunlight will not be allowed between 12.30-3pm

Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted in previous years through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3b

Sheikh Mohamed bin Zayed orders completion of pending housing grant applications

The President has ordered the completion of all housing grant applications through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3bn

Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

SPID Houlihan Lokey Imperial Avenue

Houlihan Lokey raises around $200m for Shapoorji Pallonji for project in Downtown Dubai

Imperial Avenue, a 45-floor residential tower, is Shapoorji Pallonji’s flagship real estate project in the UAE

Jubail Island ADIB financing

ADIB signs off Dhs500m Sharia’a-compliant deal to develop Jubail Island

The funding will cover the construction of up to 453 villas and 133 townhouses as part of the Phase 1 development of Jubail Island

Alec

UAE’s Alec launches subsidiary to revamp data centre construction across MENA

The company will employ the group’s in-house civil, MEP, and technological expertise to help corporations

Saudi wealth fund may make major investment in building firms

Talks between Public Investment Fund and the four contractors are at an early stage

UAE’s Emirates Steel’s exports reach 56 markets in 2020-21

Emirates Steel’s exports represented 45 per cent of its total sales volumes last year, with the balance sold within the UAE

Four trends to reboot the GCC construction sector in 2022

Rising up to these opportunities will not only offer up success, but set early-movers apart as industry role models

Saudi’s $500bn NEOM megaproject beckons potential investor interest

Invitations were sent to private equity firms, bankers and construction suppliers for the gathering

Abu Dhabi’s Tadweer to develop a new engineered landfill for hazardous waste

The landfill will employ new technologies to treat the waste generated from the project for cleaning and disinfecting the Mussafah Channel

Trimble Solutions’ Paul Wallett on the role of construction technology in building the Museum of the Future

In an exclusive interview with Gulf Business, Wallett, the regional director of Trimble Solutions – Middle East and India, tell us how his company’s tech solutions have contributed to building complex structures in the region

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020

Borouge starts up fifth polypropylene unit in Ruwais

The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year

ACWA Power led consortium achieves financial close for Red Sea Project

The first phase of the project is set to open by the end of 2022

Egypt credit sector

UAE’s Metito, Scatec in talks on $1.5bn Egypt desalination plant

The proposal involves a 400-megawatt solar-power facility and a desalination plant

National Petroleum Construction Company signs strategic MoUs at EGYPS

UAE-based National Petroleum Construction Company signed agreements with leading Egyptian companies to explore growth opportunities in the MENA region

Dubai: Alec hires Andy Boutle as its head of Digital Construction

Boutle will focus on the digitisation of the entire value chain for projects undertaken by Alec, with an emphasis on increasing workflow communication

Arada Sharjah Aljada

Sharjah’s Arada awards Dhs322m construction contract to Kuwaiti contractor

The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons

Aldar gains ground within two global ESG benchmarks

The company’s improved ESG ratings have been attributed to the consistent and broad integration of sustainability practices into its operations

Hamriyah Free Zone inks investment deal with UAE’s Grankraft

The authority has leased approximately 323,000sq ft plots of land, with an investment value of Dhs22m in the first phase