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.
UAE-based property development firm Arada has launched an upscale apartments complex, Nasaq District in Sharjah, UAE.
UAE-based property development firm Arada has awarded a contract worth $87.65m (AED322m) to Mohammed Abdulmohsen Al-Kharafi & Sons (Al-Kharafi) to construct eight premium apartment buildings in New Sharjah.
Italy’s Webuild Group, through its subsidiary Salini Saudi Arabia, has secured a $1.06bn contract to build a multi-storey car park in Riyadh, Saudi Arabia.
The Oman Tourism Development Company (OMRAN Group) has partnered with real estate development company Diamond Developers to deliver the first phase of the Yiti Integrated Tourism Development.
Real estate developer Select Group has awarded a construction contract worth $171m to China State Construction Engineering Corporation Middle East (CSCEC ME) for the first phase of its Peninsula development.
Knowledge Economic City Company (KEC) has reportedly secured $208.2m (SAR782m) long-term Murabaha financing facility to build the first phase of its key mixed-use district project in Madinah, Saudi Arabia.