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The GCC construction market continues to gain momentum with major project announcements in the UAE, Saudi Arabia, and Oman this month.
In the United Arab Emirates, CG Developers has launched the JW Marriott Residences on Dubai Islands, featuring 115 luxury ocean-view homes with completion expected by 2028. Miraggio in Ras Al Khaimah is a waterfront community valued at US$708 million, offering 810 units along with retail spaces and resort-style amenities. Additionally, Solaya in Jumeirah 1, Dubai, is a beachfront development comprising 234 exclusive homes designed by Foster & Partners.
In Saudi Arabia, Dar Global has announced a $1 billion mixed-use development called Trump Plaza Jeddah, following the success of Trump Tower Jeddah. The Ministry of Energy has opened prequalification for tenders related to gas distribution networks in industrial cities, with the closing date set for November 29, 2025. Moreover, a high-speed rail project, Qiddiya High-Speed Rail, connecting key hubs in Riyadh, has launched an expression of interest, with trains expected to reach speeds of up to 250 km/h.
Oman is also making significant strides with the Ibri III Solar Project, led by Nama Power & Water Procurement and Masdar. This $299 million initiative is the first solar and battery storage project of its kind in Oman, marking an important step in the country’s renewable energy development.
These updates reflect the dynamic growth of the GCC construction sector — from high-end residences to transformative infrastructure and renewable energy.
