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Construction

The project objective is to transform Riyadh to be a major hub in providing sustainable transportation services as well as logistics services in the Middle East. (Image source: Adobe Stock)

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

Benefiting three million people in the surrounding areas, the project will strengthen the country?s transport infrastructure, reduce traffic-related fatalities and injuries, and improve road safety. ( Image source: Adobe Stock)

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

Regardless of infrastructure type, over time the digital twin of an asset or a project will become both its lifeblood and its central nervous system. (Image source: Bentley Systems)

A digital twin is a realistic and dynamic digital representation of a physical asset, process, or system in the built or natural environment

Safdar Badami, managing director at AL Muqqarram. (Image source: AL Muquarram)

The growth of the building sector in the Middle East and Africa decreased by 4.5% in 2020 and the sector partly recovered with a growth rate of 1.9% in 2021 and then a predicted rate of 4.1% in 2022, according to Global Data

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