Riyadh Outlet Village will comprise a traditional Saudi souq (marketplace) where Saudi designers and skilled artisans would display their products.
Damac Properties, a real estate developer based in Dubai, has recorded a 4% increase in its revenues to stand at AED 7.5 bn (USD 2.04 bn), as well as a 25% decrease in its net profit to reach AED 2.8 bn (USD 762 mn) in 2017
Emaar Entertainment, the leisure and entertainment subsidiary of Emaar Properties, unveiled a first-of-its-kind attraction – VR Park
UAE developer Nakheel has awarded a contract worth AED 79.7 mn to Ghantoot Gulf Contracting to build the exclusive beachfront facility on Dubai’s Palm Jumeirah
The government of Saudi Arabia has started to award contracts to local construction companies to build five palaces for the king, crown prince, and other senior royals in NEOM, a 26,500 square kilometer business zone in the northwest of the country
Saudi Arabia’s Water and Electricity Company (WEC) has issued a Request for Proposals (RFP) to invite pre-qualified companies in the private sector to participate in the Rabigh-3 Independent Water Project (Rabigh-3 IWP) desalination plant.
The Saudi government is planning to invest up to USD 7 bn in seven new solar plants and a big wind farm by the end of 2018, as part of its national renewables program aiming at deploying 9.5 Gigawatt of renewables to provide 10% of its total energy by 2023
UAE-based Al Fahed Development Company has launched its new seafront project in Abu Dhabi
UAE-based MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has appointed Dutch Foundation as the enabling contractor for its AED 550 mn residential project in Business Bay area of Dubai
The Saudi Ministry of Housing has licensed 60 Saudi firms to sell land plots and housing units online through the Wafi platform as part of its plan to provide 480,000 housing units by 2020
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