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Diriyah Company announces ‘The Arena in Diriyah’

Staff Writer | Mar 18 2024

Ventures Onsite Construction News Update

In the news this week

Diriyah Company announces The Arena in Diriyah’

Saudi giga project developer Diriyah Company announced on Wednesday the concept design for ‘The Arena in Diriyah,’ which forms part of the US$63.2 Bn Diriyah masterplan in Saudi capital Riyadh. London-based HKS Architects executed the concept design 20,000-seat multipurpose sports, entertainment, and cultural venue.

Technip Energies, JGC and NPCC Received Limited Notice

Technip Energies with JGC and NPCC, have received a Limited Notice To Proceed from UAE’s ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi. The project will consist of two natural gas liquefaction trains with a total LNG production capacity of 9.6 Mtpa.

Aldar Properties launches Nouran Living in Saadiyat Island

Aldar Properties announced the launch of Nouran Living, a boutique mid-rise residential address in Abu Dhabi Saadiyat Island’s Marina District. Construction of Nouran Living which will feature 372 studios, one, two, and three-bedroom apartments is scheduled to commence in Q4 2024, with handover expected in Q4 2027.

Wolffkran partners with Zamil to set up a manufacturing facility

Switzerland’s Wolffkran has entered into a joint venture with Zamil Group to set up its first manufacturing facility in Saudi Arabia with an investment of around US$267 Mn. As part of the JV, Wolffkran will be setting up its first tower crane manufacturing plant in the Middle East region to build up a rental fleet of 300 cranes and is currently in the process of finalizing a location.

Sohar Freezone invests US$1.35 Bn for polysilicon facility

In Oman, the foundation stone was laid for a major polysilicon production facility at Sohar Freezone, with an investment exceeding US$1.35bn by United Solar Polysilicon (FZC) SPC. The polysilicon plant will produce high-quality metallurgical silicon with an annual capacity of 100,000 tonnes.

Asyad Group launches a tender for Muscat International Airport

Asyad Group launched a tender for the construction of phase one infrastructure for the Muscat International Airport Free Zone. The scope of work includes site preparation, building access roads, and constructing and connecting utilities to service network. The deadline for requesting the tender documents and participating in the bidding process is 25 March 2024.

Four U Development launches O|Kardia in New Obour City

In Egypt, Four U Development (FUD), a subsidiary of Al Batal Real Estate Investment Group, has launched O|Kardia, a mixed-use project in New Obour City, with a total investment of US $61 Mn. O|Kardia, which spreads over an area of 10 feddan, is a residential, commercial, and administrative project and is expected to be completed within three years.


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