Speaking at the PIF Private Sector Forum in Riyadh, Inzerillo detailed plans for Diriyah Square, which currently employs 83 tower cranes, the report said
Construction
Hidden Marina NEOM
NEOM announces new Hidden Marina as first phase of THE LINE: Report
NEOM’s Hidden Marina will include 21 million square metres of built-up area, surpassing the Burj Khalifa’s 350,000 square metres in Dubai, the report said
Abu Dhabi business
New tax in the UAE; Blue Visa launched; Saudi megaproject guide; Dubai Loop announced – 10 things you missed this week
New taxes and visa in the UAE, Elon Musk reveals Dubai Loop plan; Saudi megaprojects revealed, expected Ramadan dates and more top stories this week
construction industry
BRKZ completes $17mn Series A funding to transform construction procurement in Saudi Arabia
The latest investment takes the total funding to $22.5 million
Ras Al Khaimah
RAK Properties, Ellington name main contractor for AED 310mn Hayat Island development
The project, set for completion in Q4 2026, forms part of the Mina masterplan in Ras Al Khaimah and will comprise studios, apartments, townhouses, and villas
NEOM
Saudi Arabia megaprojects: 19 major developments transforming the kingdom
Saudi Arabia’s multi-billion-dollar projects to diversify its economy, generate jobs, and establish itself as a global commercial hub
Construction
UAE and Saudi construction costs to increase in 2025
The cost of construction is set to increase in the UAE and Saudi Arabia, according to an international report
AD Ports Group
Dubai’s MAG Group to lead first phase of Jordan’s Marsa Zayed project
The project envisages turning a 320-hectare section of Red Sea beachfront into a tourism and business hub
UAE construction
UAE construction has $772bn of projects, infrastructure sector tipped to grow
Infrastructure and construction in the UAE are tipped to continue growth in the next five years
Bluewaters Bay Dubai
Meraas awards over $27.3mn construction contract for Bluewaters Bay
The project will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms
Artificial intelligence
AI and sustainability to dominate Gulf construction trends in 2025, says survey
57% of respondents cite AI as the most transformative trend shaping the industry in 2025; 55% highlight sustainability as a key factor
Dubai construction
Dubai real estate: Meydan awards $144m Naya at District One construction contract
Meydan awards $144m construction contract to Bhatia General Contracting for Dubai real estate development
Abu Dhabi
AD Ports Group to invest in Kazakhstan’s greenfield Sarzha grain terminal
The project envisages a total investment of just over $50 million over two phases, with AD Ports Group contributing around $30 million
Drake & Scull International
Drake and Scull wins final court judgment worth AED152mn
Dubai Court of Cassation rejected all appeals made by former CEO and another employee against Dubai Court of Appeal verdict in July 2024
Abu Dhabi
UAE holiday guide; Saudi visa rules; Dubai real estate records; Coldplay in Abu Dhabi – 10 things you missed this week
UAE holiday planning, Saudi visa rule updates, Dubai real estate records, Coldplay in Abu Dhabi and more top news stories this week
American University of Sharjah (AUS)
UAE researcher develops fire-resistant concrete for sustainable construction
Dr. Rami Hawileh’s research, conducted over ten years at the AUS Structures and Construction Materials Lab, focuses on creating concrete with non-metallic reinforcements and eco-friendly materials
food security
Tanmiah partners with China’s CDI to construct 100 broiler houses in Saudi Arabia
Work on the project is scheduled to begin in January 2025, with an estimated completion in December 2026