Image: The schools located in Zayed City will have a capacity of 5,360 students. Credit: lil_foot_ from Pixabay.
Saudi Arabia has plans to construct Mirror Line, two parallel skyscrapers stretching for 75 miles over different terrain, at a cost of up to $1tn and house up to five million people, reported The Wall Street Journal.
Jeddah Central Development Company (JCDC) has appointed GMP International Spain and urban development consultants Khatib and Alami to provide design and engineering services for the stadium to be built at $20bn Jeddah Central Project in Saudi Arabia, reported TradeArabia.
Diriyah Gate Development Authority (DGDA) of Saudi Arabia has awarded a $34m project management contract to South Korea-based HanmiGlobal for an important project in Diriyah region.
The Red Sea Development Company (TRSDC) has signed a $400m joint venture (JV) agreement with Almutlaq Real Estate Investment Company (AREIC) to develop a luxury resort at Shura island of Saudi Arabia.
URB, a Dubai-based developer, has launched its 10km2 zero-carbon project, Alnama Smart City, in Riyadh, Saudi Arabia.
UAE-based Binghatti Developers has launched a 300-unit residential project, Binghatti Canal in Dubai, reported TradeArabia.
The joint ventures of Spanish construction major FCC Construction and South Korea's Samsung C&T Corporation have secured drill and blast tunnelling contracts to accelerate work on Saudi Arabia's futuristic $500bn-new city Neom.
The government of Israel plans to boost construction of houses to stabilise increasing housing prices as demand outstrips supply, reported Reuters.
Mawani, also called the Saudi Ports Authority, has extended the deadline for submission of bids by a week to 14 June for the main works package at King Abdulaziz Port in Dammam city.
State-owned Qatar Energy (QE) has selected Exxon Mobil, TotalEnergies, Royal Dutch Shell and ConocoPhillips to serve as partners for expanding the North Field liquefied natural gas project, reported Reuters, citing people with knowledge of the matter.
Retal Urban Development, a Saudi Arabia property developer, has plans to raise $383.92m (SAR1440m) through the initial public offering (IPO).
Al Dhafra Pipeline & Contracting Company (APCC) has secured a $11m (AED40m) contract from UAE-based Jubail Island Investment Company (JIIC) to build a new 66-berth marina in Marfa Al Jubail community in Jubail Island, UAE.
OQ, Madayn and Industrial Innovation Academy (IIA) have signed a memorandum of understanding (MoU) to build a plastics park in Phase 7 of Sohar Industrial Estate in Oman.
Saudi group Dar Al-Handasah Consultants has secured a design contract from the Jeddah Central Development Company (JCDC), which is a wholly-owned subsidiary of the Saudi sovereign wealth fund, Public Investment Fund (PIF), for the first phase of $20bn (SAR75bn) Central Jeddah project.
Kuwait has permitted funding for the development of a residential project, South Saad Al Abdullah Town, along with the renovation of the historic marketplace, Souq Al Mubarakiya.
Gabri Labs, a pharmaceutical technologies company, has announced its plans to build a 10,000ft2 facility to manufacture medical devices.
The first contract for construction of the Sustainable City – Yiti project in Oman has been awarded by Sustainable Development & Investment Company to Galfar Engineering and Contracting Company.
Arada has awarded two contracts, together valued at $32.12m (AED118m) for Masaar project in UAE.
A joint venture (JV) between Alec Saudi Arabia Engineering and Contracting and El Seif Engineering Contracting has secured a $750m contract from Qiddiya Investment Company (QIC) to build a water theme park in Saudi Arabia.