Construction

Sumou Real Estate Company has inked US$5.6mn construction contract to implement the first phase for the Souq Al-Nafe? project located in Mecca. (Image source: Adobe Stock)

Sumou Real Estate Company has inked a US$5.6mn construction contract to implement the first phase of the basic infrastructure works for the Souq Al-Nafe? project located in Mecca, Saudi Arabia

The units of the new residential neighbourhood will become part of ROSHN?s first living community project in Riyadh. (Image source: Adobe Stock)

Saudi community developer ROSHN has entered a partnership with Retal Urban Development for the construction of 103 villas and townhouses as part of SEDRA Phase I

The project objective is to transform Riyadh to be a major hub in providing sustainable transportation services as well as logistics services in the Middle East. (Image source: Adobe Stock)

The GCC construction equipment/machinery rental market, which was valued at US$3.77bn in 2020, is poised for solid growth and is expected to reach US$5.48bn by 2026, growing at a CAGR of 6.15% over the next five years, said a report by ResearchAndMarkets.com

Benefiting three million people in the surrounding areas, the project will strengthen the country?s transport infrastructure, reduce traffic-related fatalities and injuries, and improve road safety. ( Image source: Adobe Stock)

The Saudi Fund for Development (SFD) represented by Sultan bin Abdul Rahman Al-Marshad, Ceo of SFD, has inaugurated the completion of the development of Peradeniya-Badulla-Chenkaladi Road Project in the Democratic Socialist Republic of Sri Lanka, with a loan worth US$60mn