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Saudi Vision 2030: Sennebogen to manufacture crawler cranes in Saudi Arabia

2 weeks ago | meconstructionnews.com | Stephen White

SENNEBOGEN has agreed a strategic partnership to locally manufacture crawler cranes through its national partner PWS and Bersy Engineering Consultancy Bec-Fze with backing from the National Industrial Development Center (NIDC), the industrial investment arm of the government of Saudi Arabia. As part of Saudi Arabia’s Vision 2030 and its ongoing efforts to localise strategic industries, Pipes & Wells Services Company (PWS), a subsidiary company of Abdel Hadi A.
RTA signs major infrastructure agreement

1 month ago | meconstructionnews.com | Paul Godfrey

Dubai’s Roads and Transport Authority (RTA) has signed a US $1.6bn agreement with Dubai Holding, aimed at boosting infrastructure development across key communities in the emirate. Project delivery will focus largely on Dubai Islands, Jumeirah Village Triangle, Palm Gateway, Al Furjan, Jumeirah Park, Arjan, Majan, Liwan (Phase 1), Nad Al Hamar, Villanova, and Serena.
Hidden Marina works underway as Phase I of THE LINE

2 months ago | meconstructionnews.com | Paul Godfrey

NEOM is set to unveil the first phase of giga-project THE LINE, with the Hidden Marina – a 2.5km waterfront development with a built-up area of over 21m sqm. More than 140,000 workers are currently engaged in the project’s construction, with over 5,000 dedicated to NEOM itself, said the developer. Hidden Marina, the first segment of THE LINE, will stretch 2.5km in length and rise 500m high.
Rapid progress at Roshn’s Sedra development

2 months ago | meconstructionnews.com | Paul Godfrey

Roshn Group is making significant strides with its raft of high-profile projects in the capital, including Sedra, its flagship integrated community, and the upcoming Warefa development. As part of its expanded portfolio, Roshn is also pushing ahead with plans for a stadium that will host several of the FIFA World Cup 2034 matches. Sedra, spanning over 20m sqm is adjacent to Riyadh’s main airport and the Riyadh Expo 2030 site, and will feature 30,000 homes and 400 amenities across eight phases.
Groundbreaking begins at Masirah Island project

2 months ago | meconstructionnews.com | Paul Godfrey

Oman Electricity Transmission Company has announced the groundbreaking of its first-of-a-kind Masirah Island Interconnection Project. The project’s aim is to enhance development and ensure continuous improvement in the efficiency of electricity transmission; it will comprehensively apply best practices and adopt the latest technologies and innovations.
Project awards in Kuwait saw 44% increase in 2024

2 months ago | meconstructionnews.com | Paul Godfrey

Kuwait’s project awards witnessed solid growth in 2024, jumping to US $6.5bn, up 44% over the previous year; its highest figure since 2017, according to a report by National Bank of Kuwait (NBK). Of the total project awards, the majority (around 50%) went to the construction sector, with the Public Authority of Housing Welfare making progress on various housing projects, including the affordable housing project in Al Nayeem district.
Major contract awarded for Al Fay Street expansion

2 months ago | meconstructionnews.com | Paul Godfrey

Dubai’s Roads and Transport Authority (RTA) has awarded a contract worth US $408.39mn for the Al Fay Street Development Project. The project extends from its intersection with Sheikh Mohammed bin Zayed Road, passes through Sheikh Zayed bin Hamdan Al Nahyan Street, and continues to Emirates Road. It includes the development of five key intersections featuring 13,500m of bridges and 12,900m of roads.
Contract awarded for major KEC Hub project

2 months ago | meconstructionnews.com | Paul Godfrey

Saudi-based Knowledge Economic City (KEC) announced that it has awarded a US $62mn contract to Alfaneyah Electromechanical Company for the provision of construction, electromechanical and plumbing services for its KEC Hub project. KEC explained that Phase One of the project includes a mall and a five-star hotel property – to be managed by Hilton Worldwide – as well as a residential tower.
Major contract awarded for Diriyah Boulevard District

Jan 13, 2025 | meconstructionnews.com | Paul Godfrey

Diriyah Company has awarded a contract worth US $114mn to Omrania, a subsidiary of Egis Group, for its Boulevard District project. Omrania will be responsible for the provision of architectural, construction and design services. As a multi-disciplinary consultant, Omrania will apply its strong expertise across three community areas in the flagship Boulevard District.
Q4 Dubai real estate transactions exceed $31bn

Jan 13, 2025 | meconstructionnews.com | Paul Godfrey

According to a Springfield Properties’ Q4 2024 Dubai Real Estate Market Report, total sales transaction values reached US $31.72bn. This reflects a 31.1% year-on-year increase, with transaction volumes surging 51.8% to 46,844. At the heart of this growth lies the off-plan market, which contributed over half of the total transaction value, as well as Dubai’s thriving luxury property segment, which continues to attract high-net-worth individuals and institutional investors worldwide.