BAM International, the operating company of Royal BAM Group, has been appointed by Miral Asset Management to construct Yas Arena on Yas Island in Abu Dhabi, UAE.
Mabani Steel, belonging to the Al Rajhi Building Solutions Group and part of Al Rajhi Holding in the Kingdom of Saudi Arabia (KSA), has won a contract to provide steel structure solutions for the King Avenue Mall mega project.
Construction activity in Saudi Arabia remains sluggish, with only a marginal pick-up expected in 2018 following two years of contraction. The recovery will gain momentum in the following years, assuming that oil prices edge up and that political risks in the region do not greatly disrupt investment flows.
Dubai-based Omniyat has signed an AED500m ($136m) agreement with Ajman Bank for the construction of a mixed-use project at Dubai Water Canal in Business Bay.
Italian construction firm Itinera has secured a $620m contract from Al Farwaniya Property Developments for the construction of Reem Mall, a new retail, leisure, dining and entertainment destination, in Abu Dhabi.
Azizi Developments, a real estate developer based in Dubai, has begun construction of Azizi Victoria in the Mohammed Bin Rashid Al Maktoum City – District Seven.
Majid Al Futtaim, a mall operator, has broken ground on a new AED1.4bn ($381m) lifestyle destination in Abu Dhabi, UAE.
Multiplex Constructions has bagged a mixed-use twin tower construction contract from the UAE-based Address Residences Jumeirah Resort + Spa.
UAE-based APCC Piling and Contracting has won an AED165m ($45m) contract from real estate developer Nakheel to build six marinas at its Deira Islands project.
Al Qabdah Building Contracting has won an AED400m ($109m) contract from Jumeirah Golf Estates (JGE) to build a mid-market luxury residential community, known as Alandalus, in Dubai, UAE.
Azizi Developments, a UAE-based real estate developer, has announced that construction work is progressing well at its AED12bn ($3.26bn) waterfront project Azizi Riviera in Dubai's Meydan One district.
Ithra Dubai, the real estate firm owned by Investment Corporation of Dubai (ICD), has broken ground its mixed-use development project One Za’abeel in Dubai.
Real estate developer Seven Tides has started construction on SE7EN Residences The Palm, a new residential development on the trunk of Palm Jumeirah.
Consulting engineer Ramboll has been awarded a contract by the UAE-based real estate developer Imkan, to serve as the lead consultant for “Makers District” development in Abu Dhabi, UAE.
Aldar Properties, a UAE-based property development company, has launched a new waterfront development on Yas Island in Abu Dhabi.
Emaar Properties has introduced a Dubai Hills Mall, a regional retail and leisure destination located in the Dubai Hills Estate.
Arabtec Construction has been awarded a contract worth AED628m ($171m) by DAMAC Properties to build 1,296 villas at DAMAC’s Akoya Oxygen master development in Dubai, UAE.
Dubai Holding, an investment holding company, has launched an AED5.5bn ($1.5bn) Dubai Food Park development project.
Dubai Investments, a diversified investments conglomerate, has commenced infrastructure work on The Palisades project in Dubai, UAE.
UAE-based developer Bloom Properties has begun main construction works on its Soho Square development on Abu Dhabi’s Saadiyat Island.