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 partner for Terminal 4 at Jeddah Islamic Port
Red Sea Gateway Terminal (RSGT) and CMA CGM Group have agreed to jointly build and operate Terminal 4, a $450 million investment that will add 2.6 million TEU capacity.
The project introduces next-generation digital systems and sustainability-driven operations, positioning Jeddah Islamic Port as a regional logistics powerhouse.
New Murabba partners with KPF, AECOM, and Jacobs
New Murabba Development Company (NMDC) has signed design agreements with three major US firms, Kohn Pedersen Fox, AECOM, and Jacobs, to design key assets for the New Murabba Downtown Project in Riyadh.
The centrepiece, The Mukaab, is set to become one of the world’s largest buildings, standing 400m high, wide, and long, reshaping Riyadh’s skyline.
KEPCO to lead $839M Dawadmi Wind Power Project
Korea Electric Power Corporation (KEPCO) will lead a consortium to develop the 1,500 MW Dawadmi Wind Power Project west of Riyadh.
The project, valued at $839 million, achieved a record-low levelized cost of 1.33¢/kWh, setting a new global benchmark for wind energy efficiency.
Partners include Etihad Water & Electricity and Nesma, marking another milestone in Saudi Arabia’s renewable energy program.
Major solar energy projects awarded
Saudi Arabia’s renewable energy capacity continues to expand:
