Sumou Real Estate Company has inked a US$5.6mn construction contract to implement the first phase of the basic infrastructure works for the Souq Al-Nafe? project located in Mecca, Saudi Arabia
Construction
Retal to develop units of PIF-powered ROSHN?s first living community in Riyadh
Saudi community developer ROSHN has entered a partnership with Retal Urban Development for the construction of 103 villas and townhouses as part of SEDRA Phase I
GCC construction machinery rental industry to hit US$5.48bn by 2026
The GCC construction equipment/machinery rental market, which was valued at US$3.77bn in 2020, is poised for solid growth and is expected to reach US$5.48bn by 2026, growing at a CAGR of 6.15% over the next five years, said a report by ResearchAndMarkets.com
SFD inaugurates Peradeniya-Badulla-Chenkaladi Road Project
The Saudi Fund for Development (SFD) represented by Sultan bin Abdul Rahman Al-Marshad, Ceo of SFD, has inaugurated the completion of the development of Peradeniya-Badulla-Chenkaladi Road Project in the Democratic Socialist Republic of Sri Lanka, with a loan worth US$60mn
Khatib & Alami creates digital twin of Muscat to improve security and plan for flooding events
Khatib & Alami has used Bentley System?s ContextCapture and LumenRT to create digital twin of Muscat to help the nation improve security and plan for flooding events