Saudi Arabia’s infrastructure and transport sectors eye $420bn in foreign investment

As part of Vision 2030, foreign investments in the Kingdom are projected to reach $3tn. Saudi Arabia’s Investment minister Khalid Al-Falih has...

CallisonRTKL outlines five ways to integrate 15-minute cities into the region’s urban environment

Concept of ensuring business, residential, and social space is integrated into a fifteen minute walk is the latest in modern urban design....

Union Properties registers accumulated losses of $533.4mn in 2020

Developer says loss is due to a fair value loss of $563.5m related in investment properties recorded in 2017, as well as...

UAE government and Etihad Rail reach safety agreement for Stage Two of the UAE rail network

Etihad Rail to prepare contractors’ safety assurance documents before submission to the ministry for approval and accreditation. The UAE's ministry of energy...

Herbert Smith Freehills completes financing package for Yanbu 4 desalination project

The desalination plant is expected to provide 450,000 cubic metres of drinking water to Makkah and Madinah after its start of operations...

Egis completes acquisition of Kuwait’s Projacs International

French multinational construction and engineering giant now owns 95.45% of Kuwait engineering and project management firm. Egis, a global player in the...