Sumou Real Estate signs $36M infrastructure contract in Jeddah Sumou Real Estate Company has signed a $36 million contract with Diyar Real Estate Development to deliver infrastructure works for a 960,000 sqm project in North Obhur, Jeddah. The development will be completed within 24 months, contributing to Jeddah’s growing urban expansion. RSGT & CMA CGM… Continue reading New Contracts for The New Murabaa and Dawadmi Projects
Scavo Construction News Update Dar Global Announces Trump Plaza Jeddah Project Dar Global has announced the launch of the $1 billion Trump Plaza Jeddah project, the second Trump-branded project in the Kingdom after Trump Tower Jeddah. The project will include residential apartments, serviced apartments, offices, and townhouses, strengthening Jeddah’s position as a luxury real estate… Continue reading Trump Plaza and Qiddiya High-Speed Rail Projects
SCAVO Construction News Update The Public Investment Fund (PIF) officially launched Expo 2030 Riyadh Company (ERC), a wholly owned entity tasked with developing, operating, and preserving the legacy of Saudi Arabia’s first World Expo, set to take place from October 1, 2030, to March 31, 2031. ERC will be responsible for delivering all infrastructure and… Continue reading PIF launches Expo 2030 Riyadh Company
SCAVO Construction News Update Bechtel and Parsons award US$7.2 Bn for Riyadh Airport Expansion In Saudi Arabia, two U.S.-based firms were awarded key contracts for the estimated US$ 7.2 Bn expansion of The King Salman International Airport in Riyadh, Saudi Arabia. As part of the announced agreement, Bechtel will manage the development of three terminals—a… Continue reading Dar Wa Emaar unveils US$200 Mn housing project in Dammam
SCAVO Construction News Update Saudi Aramco discovers 14 new oil, and gas fields Saudi Arabian Minister of Energy Prince Abdulaziz bin Salman announced that Saudi Aramco discovered 14 Arabian oil and natural gas fields and reservoirs in the Eastern Province and the Empty Quarter. The discoveries include six fields and two reservoirs of Arabian oil,… Continue reading Saudi Arabia discovers 14 new oil and gas fields and reservoirs
SCAVO Construction News Update Diriyah launches its Media and Innovation District In Saudi Arabia, Diriyah Company announced the launch of its Media and Innovation District in the second phase of Diriyah’s urban masterplan. Spanning 250,000 sq.m of office gross floor area, the district will feature 450 residential units as well as 15,000 sq.m retail space… Continue reading Armani launches Armani Residences Diriyah in the City of Earth
Ventures Onsite Construction News Update Nesma & Partners signs MoU with Al-Ayuni Limak Nesma & Partners signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation Saudi Arabia and Al-Ayuni Limak Contracting Company to form a fully integrated, unincorporated joint venture. The collaboration aims to deliver key project packages for the transformative King Salman International… Continue reading NEOM awards EPC contract for Oxagon port
SCAVO Construction News Update SPPC issues the Request for Proposals Qualified Bidders Saudi Power Procurement Company (SPPC) issued the Request for Proposals to the Qualified Bidders for 4 projects under Group 1 Battery Energy Storage Systems (BESS) with bid submission on 2nd June 2025. The Combined Capacity of the Projects is 2,000 MW/8000 MWh and… Continue reading Saudi Arabia and Germany Sign MoU for Green Hydrogen Bridge
Ventures Onsite Construction News Update Saudi Arabia Injects US$21 Bn into Riyadh Metro Project Saudi Arabia’s Minister of Investment Khalid A. Al Falih announced an ambitious plan to expand the Riyadh Metro network with a total investment of more than US$21 Bn. The expansion would include the seventh line of the Riyadh Metro which will… Continue reading Saudi expands the Riyadh Metro network
Ventures Onsite Construction News Update Ezdihar Park US$292.81 Mn project Ezdihar Real Estate Development has launched Ezdihar Park, a commercial project valued at over 1.1 Bn Saudi riyals (US$292.81 Mn) in Riyadh. Following the design phase completion, excavation work has commenced. The project will include more than 100,000 square meters of leasable office space and… Continue reading Ezdihar Real Estate Development launches US$292.81 Mn project
