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Diriyah Gate Development Authority awards a US$142 Mn contract

Ventures Onsite Construction News Update In the news this week DGDA partners with Binyah for excavation works Saudi Real Estate Company (Al Akaria) stated that one of its subsidiaries, Binyah, was awarded a contract worth US$142 Mn by the Diriyah Gate Development Authority (DGDA) for the implementation of excavation works at the Diriyah Project in… Continue reading Diriyah Gate Development Authority awards a US$142 Mn contract

15 Incredible Middle East Projects to Watch

The Middle East is a region brimming with innovation and ambition, and these 15 upcoming projects are a testament to this spirit. From futuristic cities to sustainable developments, these projects are set to transform the landscape of the region, shape its future and create significantly improved tourist attractions, entertainment venues, financial and health centers, and… Continue reading 15 Incredible Middle East Projects to Watch

Abu Dhabi Airport Free Zone announced a US$17.8 Mn Community mall

Ventures Onsite Construction News Update In the news this week Mercedes-Benz and Binghatti announce residential building In UAE, Binghatti Properties and German automaker Mercedes-Benz announced a tie-up to build a new branded residence in Dubai. The project, Mercedes-Benz Places in Downtown Dubai will be 341 metres tall and a 65- storey building. Dubai to get… Continue reading Abu Dhabi Airport Free Zone announced a US$17.8 Mn Community mall

Top 10 Construction Project Trends in the GCC

Top 10 Construction Project Trends in the GCC As part of an effort to diversify their economies and bolster the industry, GCC countries are making substantial commitments towards infrastructure projects such as Neom. This is driving up demand for construction equipment while reshaping the entire landscape of this sector. With strategic budget allotments toward housing,… Continue reading Top 10 Construction Project Trends in the GCC

Luberef awards a US$148mn EPC contract to PETROJET Co. Luberef awards a US$148mn EPC contract to PETROJET Co.

Ventures Onsite Construction News Update In the news this week: Companies from MENA signed US$ 2bn agreements Companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements with an investment value exceeding $ 2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development. The meeting included signing 12… Continue reading Luberef awards a US$148mn EPC contract to PETROJET Co. Luberef awards a US$148mn EPC contract to PETROJET Co.

SIAC Construction won a US$16.4mn contract

Ventures Onsite Construction News Update In the news this week Sobha Realty launched the Verde In the UAE, Sobha Realty launched a new project, the Verde by Sobha, a 58-storey structure in Dubai’s Jumeirah Lake Towers. Project completion is scheduled for Q4, 2026. EWEC awarded Mirfa 2 to ENGIE and TAQA The Emirates Water and… Continue reading SIAC Construction won a US$16.4mn contract

DAMAC Properties awards US$241mn Cavalli Tower

Ventures Onsite Construction News Update In the news this week Sany Alameriah partners with MGB Berhad Saudi Arabia’s Sany Alameriah For Construction Company entered into a contract agreement with MGB Berhad, a leading Malaysian construction and property development company, to design and build 10,000 residential units in Jeddah. The US$665 million project is being developed… Continue reading DAMAC Properties awards US$241mn Cavalli Tower

Nestle invests US$1.86bn to establish new manufacturing site in KSA

Ventures Onsite Construction News Update In the news this week Nestle invests US$1.86bn in KSA Nestle announced it will invest US$1.86bn in Saudi Arabia in the coming 10 years, starting with a plant to make infant products and ready-to-drink coffee. The first plant is set to open in 2025 with an initial investment of US$100… Continue reading Nestle invests US$1.86bn to establish new manufacturing site in KSA

HEISCO and Kuwait Port Authority signed US$160.2 mn contract

Ventures Onsite Construction News Update In the news this week KEZAD and Renov8 Polymer sets up advanced recycling facility In UAE, Khalifa Economic Zones Abu Dhabi (KEZAD) Group has signed an agreement with Renov8 Polymer Industries to set up an advanced recycling facility. Renov8 Polymer Industries will invest US$150m, to develop a 30,000 square metre… Continue reading HEISCO and Kuwait Port Authority signed US$160.2 mn contract

Archirodon was awarded $173 million contract by ADNOC

Ventures Onsite Construction News Update In the news this week CSCEC middle east is awarded $60mn by JIIC In UAE, Jubail Island Investment Company (JIIC) has awarded a 22-month contract worth $60mn to China State Construction Engineering Corporation (CSCEC) for the construction of 150 townhouses within the Souk Al Jubail community on Jubail Island in… Continue reading Archirodon was awarded $173 million contract by ADNOC