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April 8, 2026 wicsummit0

Parsons has been appointed as the project management consultant for a sports complex in Jeddah, Saudi Arabia. The project, known as Al Ittihad Sports Village, will be built near King Abdullah Sports City in Jeddah’s northern region. It will feature Al Ittihad Club’s headquarters, training facilities, performance centres, and commercial assets.

Saudi football club Al Ittihad has a history of winning the Pro League multiple times. Notably, the club was captained by the former Real Madrid star and French international Karim Benzema until recently, said a statement.

Since June 2023, Al Ittihad has been 75% owned by the Public Investment Fund (PIF) as part of Saudi Arabia’s Vision 2030 sports privatisation initiative. The remaining 25% of the club’s ownership is held by its non-profit foundation. The Jeddah project award comes amidst mounting funding demands across various mega-projects, prompting a reassessment of spending priorities.

The Kingdom of Saudi Arabia has invested significantly in sports as part of its Vision 2030 diversification strategy and preparations for the 2034 FIFA World Cup. This has led to a surge in demand for stadiums, training facilities, and related infrastructure. While Al Ittihad Sports Village may not be specifically designated as a tournament venue, it contributes to a broader pipeline of sports-related construction and domestic league development, the statement added.

Since 2024, Riyadh has been reviewing project priorities due to rising costs, execution challenges, and reduced oil revenues. These factors have resulted in substantial budget cuts of up to 60%, causing delays and cancellations for contractors. In recent months, Saudi Arabia has canceled contracts on major projects, including Neom, as capital is redirected towards projects with fixed timelines, such as the World Cup and Expo 2030.

Parsons said it has a track record of working on infrastructure for major events, including the 2022 World Cup in Qatar and the 1996 Atlanta Olympics. The company has been operating in Saudi Arabia since 1958, when it designed and delivered Dhahran Airport, which is now known as King Abdulaziz Air Base.

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Source: MEConstructionNews


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April 8, 2026 wicsummit0

Saudi-based Kingdom Holding Company has acquired a stake in US-based Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal bin Abdulaziz Al Saud, the Chairman of Kingdom Holding Company and the largest shareholder, for US $68mn.

The transaction aligns with KHC’s investment philosophy of providing shareholders access to investment opportunities not broadly accessible to the market, while acting as an early investor in innovative and transformative technologies, said Kingdom Holding Company in its filing to Saudi bourse Tadawul.

Headquartered in Washington, BEV is a company that focuses on investing in clean-energy and sustainability technologies aimed at enabling a low-carbon economy.

A company founded by Bill Gates, BEV has emerged as a major investor in companies that develop breakthrough solutions across agriculture, buildings, electricity, manufacturing, and transportation.

The estimated value of the acquired stake amounts to US $98mn based on BEV’s latest audited financial statements. However, the transaction was executed for a total consideration of US $68mn, reflecting an agreed purchase price at a 30% discount to the estimated value.

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Source: MEConstructionNews


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April 8, 2026 wicsummit0

Azizi Developments said that it selected Doka to provide a solution for the Burj Azizi Car Park Building 1 within one of the most space-constrained sites in Dubai.

Doka’s model is said to have delivered pre-assembled components on a coordinated, just-in-time schedule, removing the need for on-site storage. This effectively eliminated logistics-related limitations, ensuring a streamlined process.

The building’s core progressed independently, while floor levels progressed in rapid, repeatable cycles; essential for a structure designed for speed and efficiency, Azizi Developments said in a statement.

Farhad Azizi, Group CEO of Azizi Group said, “Burj Azizi will be the world’s second-tallest tower, and everything connected to it must reflect that distinction. From core structures to supporting infrastructure, precision is non-negotiable. Doka brings the discipline and consistency required to execute at this level.”

Construction commenced in November 2024, the project is part of Azizi’s extensive development pipeline of 150,000 units under construction. The 14-storey parking structure on Sheikh Zayed Road will be an integral part of the experience Azizi Developments is creating with Burj Azizi.

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Source: MEConstructionNews


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April 7, 2026 wicsummit0

Killa Design has revealed Jumeirah Residences Al Maryah Island, which is said to be a new sculptural landmark shaped by the studio’s future-driven philosophy – designing architecture that responds to how people live, how cities evolve, and how buildings endure over time.

This approach has defined globally recognised projects such as the Museum of the Future and Jumeirah Marsa Al Arab and continues here on Abu Dhabi’s waterfront. Designed by Will Hosikian, Design Principal and Partner at Killa Design, the tower is conceived as a timeless expression of movement and fluidity, said the design studio in a statement.

Challenging the more rigid typologies of Al Maryah Island, marking the prominent southern tip of the island, the 186m tall ultra luxury branded residence’s sculpted presence is said to be akin to being evolved by the elements over time.

The delicately crafted bronze balconies and terraces, become dynamically illuminated by the shifting sunlight, like an amber gemstone in the emerging skyline. At its centre, a dramatic cantilevered orbital ring forms the heart of the building, a sky deck accommodating the residences’ ultra-luxury amenities and offering uninterrupted 360-degree views across the Abu Dhabi skyline, the firm said.

The cantilevered oculus, a glass bottom pool, sculpted into the orbital ring, creates visual connection as a lens, allowing spaces to extend naturally toward the water and the city beyond, it added.

“Al Maryah Island is evolving into one of Abu Dhabi’s most important urban destinations,” remarked Hosikian.

“Our ambition was to design a tower that feels fluid and contemporary, yet grounded in its context. The architecture responds to the waterfront, to light, and to the scale of the city. It’s about shaping an experience that will remain relevant and meaningful for decades to come,” he said.

Designed with longevity at its core, every element – from orientation and massing to materiality and detailing – has been carefully considered to support privacy, well-being and a refined residential lifestyle, the firm noted.

Developed in close collaboration with Emirates Developments and Jumeirah, the project aligns architectural expression with hospitality-led living, stated Hosikian.

Jumeirah Residences Al Maryah Island is conceived not simply as a landmark, but as a timeless addition to Abu Dhabi’s skyline, one that will continue to evolve alongside the city’s vision, he added.

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Source: MEConstructionNews


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April 7, 2026 wicsummit0

Acwa Power has announced that 2 of its solar independent power producer (IPP) plants in Saudi Arabia have been subject to temporary dispatch limitations, following instructions from the grid operator, citing concerns over reactive power fluctuations affecting grid stability.

The project firms dispute the allegations and are conducting technical assessments, including independent third-party reviews, while coordinating with authorities to restore full operations, said Acwa Power in its filing to Saudi bourse Tadawul.

The 1,425MW Al Kahfah solar plant, which began commercial operations in November last year, has faced dispatch restrictions since 12 December, with partial dispatch allowed since 11 February this year.

The accumulated revenue under dispute with the principal buyer stood at about US $25.3mn as of the end of March.

The 2,000MW Ar Rass 2 solar plant, which received its initial commercial operation certificate in September 2025, has been under dispatch limitations since 16 January, with partial dispatch permitted since 8 March.

The disputed revenue for the project is estimated at around US $19.45mn as of March.

Both project companies have challenged the matter and are currently conducting detailed technical assessments, including independent third-party analysis, and coordinating with the relevant authorities to enable full restoration of plants operations, said the statement.

Both companies have reserved all of their rights under the relevant project agreements and have issued deemed energy invoices in accordance with the terms of those agreements, it added.

The post Acwa annonces temporary output limits at 2 solar plants appeared first on Middle East Construction News.

Source: MEConstructionNews


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April 7, 2026 wicsummit0

EnergyX, a building energy technology company founded in South Korea, has secured significant investment from Qatari institutions, including Rasmal Ventures and Qatar Development Bank (QDB), to support its global growth and expansion strategy.

Amidst heightened geopolitical tensions in parts of the Middle East, the closure of this transaction underscores the sustained investor confidence in Qatar and the Gulf region’s long-term role as a hub for technological advancement, industrial prowess, and sustainable growth.

While the backing amount was not disclosed, lead investor Rasmal Ventures described the transaction as one of the largest of its kind in the MENA region and a major milestone for the company’s next phase of growth.

The move is expected to position the country at the centre of EnergyX’s deep-technology, particularly in AI-powered energy intelligence and smart manufacturing. It is also projected to generate more than 100 high-skilled jobs across research, engineering, and business operations.

EnergyX plans to deploy the investment toward an acquisition-led growth strategy across the GCC and Europe, while also accelerating project delivery, expanding its engineering and manufacturing capabilities, and scaling its advanced computational intelligence and geospatial AI systems. These technologies are designed to optimise building energy performance from initial design through to long-term operations.

Alexander Wiedmer, Director and Partner. Rasmal Ventures said, “We were deeply impressed by the quality of EnergyX’s management team, their engineering depth, and their ability to scale their offering. This is exactly the type of globally ambitious company we look to back one addressing an inherently massive market with a differentiated, defensible technology platform.”

“We are delighted to support EnergyX’s international growth strategy and believe Qatar provides an exceptional platform from which the company can scale regionally and globally. This milestone also underscores the vital role of Invest Qatar and QDB, whose commitment to enabling the local venture capital ecosystem has been instrumental in supporting such transformative deals,” he added.

EnergyX has developed first integrated platform for managing building energy outcomes. The system combines proprietary technologies spanning artificial intelligence, advanced materials, building design, fabrication, and lifecycle management into a unified solution aimed at reducing energy consumption, while increasing on-site energy generation without compromising performance or design.

Founder and CEO Sean Park said, “This backing allows us to advance an acquisition-led growth strategy where energy outcomes are modeled, physically realised, and sustained at industrial grade.”

The company currently operates across more than 20,000 buildings worldwide, with over 2,000 projects delivered using its integrated technology stack. It also holds more than 300 intellectual property assets. Its portfolio spans data centres, residential developments, office towers, and industrial projects.

One of its flagship projects, the EnergyX DY-Building, achieved 129.6% energy self-sufficiency over a one-year period, based on 2025 certification data from the Korea Energy Agency. The company says this level of performance can be replicated at scale across future developments.

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Source: MEConstructionNews


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April 7, 2026 wicsummit0

In Q4 2025 developer Sobha Realty announced the launch of Sobha AquaCrest, the second residential cluster within its US $20bn Downtown UAQ | Sobha Realty masterplan. The masterplan’s vision is to be a self-contained, wellness-focused beachfront community that will redefine Umm Al Quwain’s (UAQ) coastal skyline

The second residential cluster is positioned as a key residential hub within the masterplan, and will reinforce the development’s mixed-use appeal by complementing planned retail boulevards, marinas, and hospitality zones, the developer said. It added that the cluster is expected to attract a blend of local and international investors.

The project will comprise 4 residential towers, and will offer a mix of 1-, 2- and 3-bedroom apartments and duplexes. The overall development is said to be designed to blend modern architectural elegance with coastal tranquility and is due for handover by June 2029, Sobha Realty noted.

In an exclusive conversation with Francis Alfred, Managing Director of Sobha Realty, Big Project Middle East’s (BPME) Jason Saundalkar discussed the overall masterplan, and the introduction of the second residential cluster.

Discussing the decision behind why Sobha Realty opted to develop such an extensive masterplan in UAQ rather than other emirates such as Ras Al Khaimah or Sharjah, Alfred highlights, “Our decision to develop in Umm Al Quwain was driven by a strategic combination of location, opportunity, and partnership. UAQ offers something unique: an uninterrupted 11km coastline, including 7km of beach park and direct beach access. For a developer such as Sobha Realty, our strength lies in communities that resonate, and this presents an extraordinary canvas increasingly rare in the UAE.”

“Another major factor was the emirate’s forward-thinking leadership. The Government of UAQ has been exceptionally proactive, collaborative, and aligned with our long-term vision. Their commitment to sustainable urban development, streamlined approvals, and infrastructure readiness enabled us to plan not only a project, but literally an entire coastal city.”

Alfred also says that UAQ is a rapidly emerging market with strong early indicators. “Sobha Siniya Island, the 23m sqft masterplan launched in mid-2024 in partnership with UAQ Properties, has already appreciated by 20–22%, reinforcing the emirate’s investment potential compared with more mature markets such as RAK and Sharjah.”

“Ultimately, UAQ provides the scale, serenity, and partnership required for a transformative development. It allows us to apply our Backward Integration model end-to-end and build a future-ready coastal destination that sets a new benchmark for the northern emirates.”

In terms of market and investor response to the Downtown UAQ | Sobha Realty Masterplan and the project’s first residential cluster, Alfred states that the response has been “overwhelmingly strong and has exceeded all initial expectations”.

He elaborates, “The masterplan has resonated with both the regional and international buyers who recognise the unique opportunity that UAQ offers in its infancy as an emerging emirate. The launch of the first residential cluster, Sobha AquaMont, saw immediate momentum, with over 50% of the first three buildings being sold within the first week of their unveiling. This follows the success of Sobha Siniya Island, further reinforcing confidence in UAQ as a prime real estate destination.”

“Downtown UAQ | Sobha Realty in partnership with UAQ Properties is a 25m sqft development, defined to be as a ‘Coastal Skyline of The Future’, and set to be home for 150,000 residents. Investor interest has been driven by the masterplan’s scale – buyers see this as a rare opportunity to invest in a coastal city that is being built with all the integrated infrastructure, sustainability, and future mobility at its core.”

Alfred points out that the delivery schedule for the masterplan is a multi-phase development that will unfold over the next 10 to 20 years. “Phase 1 handovers are expected to begin by Q2 2028, with successive residential, commercial, hospitality, and cultural districts delivered in a planned staged progression,” he outlines.

Contributing to the masterplan

Delving into the details about Sobha AquaCrest in terms of its key features and contribution to the overall masterplan, Alfred says that the second 4-tower cluster is both “strategic and experiential”. He notes that Sobha Realty is creating a distinguished residential cluster that plays a pivotal role in realising the wider city masterplan, while offering distinctive living experiences.

“Located within our coastal city masterplan, Sobha AquaCrest is designed to be a vibrant residential hub anchored by coastal views, wellness, and sustainable design. Its purpose is to complement and elevate the broader masterplan by delivering thoughtfully curated homes that align with the community’s lifestyle, mobility, and green infrastructure vision.”

“Every residence we deliver is built through Sobha’s pioneering Backward Integration model, and Sobha AquaCrest is no different. Firstly, we ensure the highest level of quality by having full in-house control over the design, engineering, construction, interiors, manufacturing, and quality checks, to deliver a home that residences will see and feel the quality.”

He adds, “Secondly, the cluster incorporates advanced sustainability features: double-glazed façades, district cooling, EV charging, and eco-friendly materials, making it a benchmark for responsible luxury living. Thirdly, its design ethos is set around wellness and community: landscaped courtyards, jogging and cycling tracks, beachfront promenades, and direct access to marinas and retail zones – all integrated within the larger community fabric.”

In essence, Sobha AquaCrest is a destination within a destination, bringing depth to Downtown UAQ | Sobha Realty’s vision of a future-ready, live-work-play coastal city, he summarises.

Developing large-scale integrated masterplans on-time and in-line with the original vision comes with a number of challenges. Pressed about how Sobha Realty is approaching the Downtown UAQ | Sobha Realty project and the Sobha AquaCrest cluster, Alfred explains, “Every master development brings its own set of complexities, and Downtown UAQ | Sobha Realty is no exception. Sobha AquaCrest is a cluster that forms an integral part of a much larger coastal city, and with that comes the responsibility of ensuring engineering precision, environmental sensitivity, and seamless integration with the wider masterplan.”

“One of the primary challenges is building on a beachfront location, while preserving the natural character of the coastline. This requires meticulous planning, advanced geotechnical studies, and sustainable engineering solutions that protect both the land and marine environment. Another challenge is maintaining construction timelines within a masterplan of this scale, where multiple phases, infrastructure packages, and community assets must align perfectly for us to deliver what is promised.”

He elaborates, “What gives Sobha Realty the confidence is our Backward Integration model; it is our greatest strength in mitigating these challenges that we are aware exist. By handling design, engineering, interior production, construction, and quality control entirely in-house, we eliminate dependency on external variables and dramatically reduce risks that typically delay major developments.”

“Additionally, we rely on our modular construction efficiencies, and rigorous project sequencing to keep Sobha AquaCrest on schedule and consistent with our original vision. Our commitment is simple: To deliver a masterplan that embodies precision, sustainability, and the coastal lifestyle we have promised to the future residents of Umm Al Quwain,” he remarks.

Umm Al Quwain in focus

According to investment management company Colliers, Umm Al Quwain is emerging as a value-led real estate destination in the UAE, offering a distinctive mix of coastal living, affordability and improving connectivity. In an overview of the emirate’s property market, it said that with steady residential demand, developing commercial activity and ongoing infrastructure investment, the emirate presents attractive opportunities for occupiers, investors and developers seeking long-term growth beyond the country’s major urban centres.

Pressed for his thoughts on the UAQ property market and how he sees it developing in the next 3- to 5-years, Alfred remarks, “Umm Al Quwain is already in a truly transformative phase, and over the next 3- to 5-years we believe it will emerge as one of the UAE’s most promising real estate frontiers. What we are witnessing today is the beginning of a structural shift; where quality, strong government vision, and untapped potential are converging to create a market with long-term resilience and upward momentum.”

Asked about what is driving growth in the emirate’s property market, he responds, “Several forces are expected to drive growth. Firstly, as prices continue to rise in the more mature emirates, buyers and investors are looking for value without compromising on lifestyle. UAQ offers that balance, a coastal environment, strategic connectivity to Dubai and other emirates, and pricing that still allows for meaningful appreciation.”

“Secondly, the emirate’s leadership has a clear, forward-looking development strategy. Their support for masterplans such as Downtown UAQ | Sobha Realty is accelerating infrastructure, utilities, mobility planning, and public realm development. When government vision aligns with private sector capability, markets evolve quickly. Thirdly, UAQ’s natural landscape, its untouched coastline, 50% of open green spaces, and low-density environment, is becoming a major draw for families and global investors seeking space, wellness-focused living, and long-term value.”

At Sobha Realty, we see UAQ becoming a key pillar of the UAE’s northern growth story, a market defined by quality, sustainability, and future-ready urban planning, he emphasises.

Commenting on investors and their preferences in UAQ compared to more established markets in the UAE such as Dubai, Alfred states, “Investor behaviour in UAQ is evolving rapidly, and we are seeing both clear overlaps with other emirates, as well as distinct preferences shaped by UAQ’s unique strengths.”

“The similarities are driven by various fundamentals. Investors across all the main emirates are prioritising masterplanned communities, reputable developers who have credible results, strong infrastructure, and overall long-term appreciation potential. They are also increasingly focused on sustainability, wellness-oriented amenities, and coastal living. These have become key decision drivers regionally.”

The differences lie in intent and value. In Dubai, investors often seek high liquidity, short investment cycles, and global recognition. It is a mature market with strong rental yields and rapid resales, he points out.

He adds, “UAQ, however, is appealing to a growing segment of strategic, long-horizon investors. Here, the value proposition is shaped by early-stage entry pricing, large-scale masterplans, and significant room for future capital growth. Buyers are drawn to the emirate’s untouched coastline, lower density, and the opportunity to be part of a developing urban ecosystem from the ground up. UAQ is increasingly seen as the next frontier, offering value today and strong potential tomorrow.”

Speaking about Sobha Realty’s plans for the future, and whether the developer is considering other emirates for potential expansion, Alfred reveals, “Abu Dhabi is naturally the next chapter in Sobha Realty’s growth story within the UAE.”

“While Dubai remains our home market and Umm Al Quwain is our newest frontier, Abu Dhabi offers a very compelling combination of factors: a mature, regulated market, strong economic fundamentals, a constant growing population, and a clear, long-term vision from the leadership for sustainable, high-quality urban development.”

“For us, Abu Dhabi is attractive because it rewards exactly what Sobha stands for: long-term thinking, craftsmanship, and communities built to last. The emirate is consistently investing in infrastructure, culture, and knowledge industries, which creates a strong base of end-users and investors looking for premium, well-managed developments rather than short-term speculation,” he explains.

Making his closing remarks, Alfred says, “Our upcoming expansion into Abu Dhabi is built around this thinking. We are carefully selecting locations and product typologies where our Backward Integration model and ‘The Art of Detail’ philosophy can genuinely add value to the city’s landscape. We do not want to be just another project, but rather a development that fits into Abu Dhabi’s broader vision.”

“In short, we see Abu Dhabi as a strategic, long-term market where Sobha can bring its expertise in master-planned, sustainable communities to a new audience, while deepening our presence across the UAE,” he concludes.

The post Building a coastal icon appeared first on Middle East Construction News.

Source: MEConstructionNews


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April 7, 2026 wicsummit0

Dubai-based AESG has launched a dedicated Structural Design and Engineering division. The new division enhances the company’s ability to deliver concept-to-construction engineering solutions embedded within its established sustainability and cost consultancy expertise, the company said.

By integrating structural engineering, commercial advisory and sustainability strategy from the earliest stages of project development, AESG enables clients to achieve design-to-budget outcomes, optimise embodied carbon and reduce downstream delivery risk, it added.

The move is said to further strengthen the company’s fully integrated, multi-disciplinary consultancy platform across the Middle East.

Saeed Al Abbar, CEO at AESG, said the launch reinforces the company’s commitment to integrated delivery across the full asset lifecycle.

He explained, “Our strength has always been in combining engineering, sustainability and cost intelligence into a single advisory platform. The addition of a dedicated Structural Design and Engineering division strengthens that model, allowing us to influence critical structural decisions at concept stage, while protecting commercial outcomes and long-term asset value. Across the UAE and Saudi Arabia, projects are increasing in complexity and ambition. To deliver successfully, engineering strategies must be aligned with sustainability targets, procurement realities and financial objectives from day one. This integrated approach improves certainty, reduces risk and drives stronger project performance.”

The firm said its new division is embedded within a broader engineering and advisory ecosystem that aligns engineering decisions with capital efficiency, procurement strategy, material availability, regulatory compliance and long-term asset performance. This integrated approach enables structural solutions to be evaluated not only for technical robustness, but also for whole-life value and commercial viability. The move comes as the increasing scale and complexity of projects in the region is driving the need for delivery-aligned, commercially intelligent engineering.

AESG said that the Structural Design and Engineering division will support clients across feasibility, concept design, detailed design, early contractor engagement and construction-stage advisory. By embedding structural strategy early and aligning it with cost modelling and sustainability analysis, AESG aims to reduce redesign risk, protect programme milestones and improve budget certainty.

The division will focus on: optimising embodied carbon through material efficiency and alternative structural systems; aligning structural design with capital budgets and procurement strategies; accelerating delivery through modular and repeatable methodologies; enhancing durability and resilience in response to regional climatic conditions, and improving whole-life asset performance and adaptability.

The company has appointed Matthew Cross as Director of the new division. With over 25 years of experience in the built environment, Cross has held senior leadership roles at AECOM and Arcadis, overseeing large international & multidisciplinary teams and directing major projects across Saudi Arabia and the UAE. He holds a Bachelor of Engineering (Honours) from Griffith University and is a Chartered Structural Engineer in Australia.

“Developers today are operating with compressed delivery programmes and expecting increasingly sophisticated delivery models from initiation. Design-to-budget is no longer aspirational — it is a key metric at every stage. We are also seeing greater reliance on early works and structural packages to de-risk the critical path. By integrating well engineered structural solutions with cost consultancy and our in-house multidiscipline engineering teams from the outset, we are helping clients make informed trade-offs that protect both programme and commercial performance,” explained Cross.

The company has also appointed Dr. Gavin Lume as Technical Director. Lume brings deep expertise in complex structural design and regional delivery. He holds a PhD from the University of Sydney and has led teams across the Middle East on major programmes, including hyper-luxury Red Sea developments. His experience in structural dynamics contributed to landmark projects such as the Burj Khalifa and the Dubai Frame.

Emphasising the importance of tailoring engineering solutions to regional realities Dr. Lume stated, “International developers entering the region can underestimate how local processes, procurement constraints and construction norms shape programme certainty and buildability. Integrating regional design, procurement and construction expertise early alongside the wider specialist disciplines, enables holistic solutions that are coordinated and practical to deliver on site. This new division brings earlier clarity on the intent of the project, aligning the structural design with stakeholder expectations from the outset.”

With the launch of its Structural Design and Engineering division, AESG reinforces its position as a fully integrated engineering and advisory partner, capable of delivering commercially resilient, sustainability-led and delivery-ready developments across the Middle East, the statement concluded.

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Source: MEConstructionNews


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April 6, 2026 wicsummit0

The Big Project Middle East (BPME) team has announced that the Real Estate Leaders Summit will now take place on 3 June in Dubai as a live event.

The BPME team said that a venue will be confirmed in the coming weeks, and noted that the change of date was made in response to ongoing regional tensions due to the US Israel Iran conflict.

Registration is complementary but mandatory for industry professionals, click here to register.

The summit will run from 9am to 3pm and will cover a range of themes and topics including: future real estate trends covering branded/wellness/affordable living real estate; requirements for Grade A commercial real estate; the construction supply chain and the case for/against developers managing construction in-house and complying with evolving sustainability requirements.

“Big Project Middle East has been working with regional developers almost since its inception over 15-years ago. Following hundreds of interviews, webinars and roundtables, and given the real estate segment’s significant contribution to the UAE economy and all that’s been happening in the segment over the last 5-years, we felt the time was right to host a fully-fledged conference,” said Jason Saundalkar, Editorial Director, Built Environment and Heavy Industry Divisions at CPI Trade Media.

“While our conferences typically have a GCC or Middle East focus, we’ll be focusing exclusively on the UAE’s real estate sector as there’s so much going on, even during the current regional conflict, which we hope will see peaceful resolution in the coming days. With our panel discussions and presentations we’ll look to cover everything from evolving sustainability requirements to customer appetites for luxury real estate, to the rise of branded/wellness properties and much more,” Saundalkar stated.

The event will bring together key speakers from the UAE’s real estate and construction sectors to share deep insights into a number of topics via focused panel discussions, presentations and keynote addresses.

To discuss joining the Real Estate Leaders Summit as a speaker or presenter, get in touch with Jason Saundalkar on Jason.s@cpitrademedia.com  or Priyanka Raina on priyanka.raina@cpitrademedia.com. To sponsor the event or book a presentation, please contact Arif Bari on arif.bari@cpitrademedia.com.

Read more about the event by clicking here.

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Source: MEConstructionNews


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April 6, 2026 wicsummit0

Alramz Real Estate Company has signed an agreement to establish a US $175.58mn Shariah-compliant real estate investment fund to develop a residential project in Jeddah. In addition to development revenues, Alramz is set to earn a 10% development fee valued at $7.1mn, alongside a 2.5% marketing fee based on total project sales.

The fund, to be managed by Oud Capital, will finance the Al Ramz Front development, which will comprise 900 residential units located in the Al Firdous district in north Jeddah. The project marks a significant addition to the city’s growing housing supply.

As part of its participation, Alramz will invest $21.74mn in cash and contribute land plots spanning 47,800sqm, valued at $57.3mn, as an in-kind stake in the fund. The company has also been appointed as the project’s developer under a contract worth $71.6mn.

The Jeddah project follows a series of recent expansion moves by the company. In February 2026, Alramz signed agreements to develop residential projects in Riyadh and Makkah. This included a deal with ROSHN Group for the acquisition and development of 2 residential plots within the Sedra masterplan in Riyadh, as well as an agreement with the Ramz Al Hijaz Fund, managed by Al Rajhi Capital, to deliver 2 residential towers in Makkah with a combined investment of $111.5mn.

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Source: MEConstructionNews