Construction

Saudi awards US$600mn worth of road contracts

Saudi Arabia hassigned 16 contracts worth more than US$600mn for the construction of 969 km of roads in various parts of the Kingdom.

Besix Group wins US$519mn Saudi joint venture contract

Orascom Construction Industries (OCI), said that its 50 per cent owned Besix Group won a US$519mn joint venture contract with Al-Muhaidib Contracting Co. in Saudi Arabia for the design and construction of the King Abdullah Sports City development near Jeddah.

Dubai Cranes to work with UK crane manufacturer

Dubai Cranes and Technical Services Ltd, a subsidiary of Dubai Investments has partnered with Street Crane to leverage the growing demand and undertake more complex infrastructure projects in the region

UAE tops list of cancelled construction projects in August

A report by Citigroup revealed that the UAE accounted for 56 per cent of the total cancelled and delayed projects for the main regional markets in August.

Saudi Oger secures landmark US$1.85 billion funding

Saudi Oger reached a deal with a group of leading banks to secure a landmark US$800mn senior term loan facility and a US$1.05 billion advance payment guarantee facility to fund the King Abdullah Project 2.