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DUBAI: Emirati property development company Damac has awarded a $168.2 million construction contract for the Costa Brava cluster within its Damac Lagoons development to Pivot Engineering and General Contracting Co., MEED reported. According to the report, the scope of work under this contract includes the construction of 976 townhouses for the project. It was in November 2021
RIYADH: The Royal Commission of AlUla, also known as RCU, has announced the launch of an Arts Valley as Saudi Arabia moves steadily to become a top global tourist destination, a goal outlined in Vision 2030. The Arts Valley, which spreads over 65 sq. km, is touted as a cultural asset of the “The Journey Through Time” masterplan launched in April, Trade Arabia reported. Noorah
DP World and Mawani have announced the signing of a 30-year agreement valued at over $133m to build a logistics park at Jeddah Islamic Port.
RIYADH: Saudi Arabia's stock market gained on Sunday as the non-oil private sector continued to grow in May in spite of rising output costs. The main index, TASI, closed 0.40 percent higher at 12,656 , while the parallel market, Nomu, closed 1.30 percent lower at 22,547. Qatar's stock exchanges gained in line with Saudi Arabia, as the QSI index gained 0.1 percent, while
Saudia Dairy and Foodstuff Company, known as SADAFCO, has announced the start of construction of a new sales depot in the holy city of Makkah, The new depot, which will be built at an estimated cost of SR27 million ($7.2 million), is located in Makkah Industrial City and covers a total area of 8,009 square meters; it replaces the existing rented location. The depot is in line