Saudi Arabia's national developer Roshn has awarded contracts worth SAR 1.6 bn (USD 427 mn) for its flagship residential project, "Riyadh Community," as work commences on-site for off-plan homes to be ready for sale in H1 2021.

Orascom Construction has unveiled posting an 8.2% YoY rise to USD 1.6 mn (EGP 25.8 mn) in its H1 2020 revenues, compared to USD 1.5 mn (EGP 23.7 mn) in the year-ago period, despite falling short in profitability.

Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.

GCC has witnessed the release of USD 5.5 bn worth of new projects in April, primarily driven by Saudi Arabia which contributed to 67% of the total value of additions.

Al Fanar Contracting, Construction, Trade, Import, and Export Company has contracted with the consortium of the Consolidated Contractors Group (CCC) and HA Construction Company (HAC) for the execution of some finishing works in Downtown New Alamein, amounting to EGP 5.5 mn.

Orascom Construction has won approximately USD 770 mn (EGP 48.65 mn) of new awards added to its backlog in Q4 2019