The cost of construction is set to increase in the UAE and Saudi Arabia, according to an international report
Saudi construction market
Latest in Saudi construction market
cement
Saudi’s City Cement to buy Umm Al Qura stake through capital hike
Post-capital hike, the shareholders of Saudi Arabia’s Umm Al Qura Cement will own 30.4% of its capital
NEOM
We need a new global manufacturing framework in preparation for the industries of tomorrow
Transformation should be the name of the game as the supply chain industry faces new challenges and skills shortages in the age of AI
Riyadh real estate
Saudi real estate faces ‘capacity crunch’ as megaprojects strain resources, deepen years-long Riyadh housing shortage, experts say
The ambitious vision transforming Saudi Arabia’s capital into a global metropolis is facing an unexpected hurdle: its own success
Knight Frank
Saudi construction to hit $181bn as booming sector to create 660,000 new homes
Saudi Arabia will have the world’s largest construction market by 2030 as building businesses boom
building and construction
Saudi giga-projects push 2024 construction costs; Riyadh most expensive city to build in
Saudi Arabia’s Riyadh is the most expensive city to build in the Middle East
Real Estate
Saudi Arabia construction activity among highest globally but faces massive talent shortage
Over 70% reported shortages in skilled professionals and general labour to keep up with the pace of construction, report reveals
NEOM
NEOM construction crew to hit 200,000 as 60,000 new jobs expected
NEOM showcases developments as it expects to create 60,000 new construction jobs
Construction
UAE and Saudi construction costs to rise by up to 7% in 2024
UAE and Saudi construction firms look to AI, modular building and sustainability as costs rise
Saudi Arabia
Construction projects are transforming Saudi Arabia but what are the risks and how can they be mitigated?
Disputes could rise even as the surge in construction KSA sets the country on course for an exciting trajectory of growth and transformation
Construction
Saudi Arabia’s PIF invests $1.3bn in construction industry
Saudi’s Public Investment Fund is injecting cash into the Kingdom’s construction sector
NEOM
NEOM: New satellite images reveals Saudi Arabia’s The Line under construction
The images, which were taken by a satellite from Chang Guang Satellite Technology Corporation on October 22 this year, showed updates of the megacity from the main base camp
infrastructure investment
Inside Saudi Arabia’s NEOM: The Line, Trojena, Oxagon, everything you need to know
NEOM, which is 5,000-year-old region, connects three continents – Asia, Africa and Europe – will see 95 percent of the whole land transformed to be a nature reserve
Nobu
Global lifestyle brand Nobu unveils mixed-use project in Saudi Arabia
Brand founded by Nobu Matsuhisa, Robert De Niro and Meir Teper will launch a Nobu Hotel, Nobu Restaurant and Nobu Residences in Al Khobar by 2024
Majid Al Futtaim - Properties
UAE retail giant makes key appointment for $4.3bn Riyadh North mega project
Majid Al Futtaim hires Mace to support the delivery of its Riyadh North development, including Mall of Saudi
Jabal Omar Development
Makkah land sale nets $138m for Saudi real estate giant
Jabal Omar Development Company announces sale of land plot via a public auction
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Knight Frank
How Saudi Arabia’s Vision 2030 has driven nearly $1trn in development projects
New Knight Frank research says Saudi Arabia is a country being reborn with about $3trn set to be invested in total