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July 14, 2026 foasummit0

AtkinsRealis has secured a major contract from the Royal Commission for Riyadh City (RCRC) to provide engineering services and supervision contracts to support the operation and expansion of the Riyadh Metro network as well as oversee the delivery of key road infrastructure development projects across Riyadh.

The deal was inked during the Saudi Arabia-Canada Investment Forum held recently in Jeddah on the sidelines of  Canadian Prime Minister Mark Carney’s visit to the Kingdom of Saudi Arabia. It was attended by high-level officials, investors, financial institutions, and private-sector leaders from both countries, thus representing a new phase of investment partnership, capacity building, and enhanced economic co-operation.

Aimed at opening broader horizons for quality investments and to deepen co-operation, the forum focused on several strategic sectors, including mining and critical minerals, financial services, advanced industries, artificial intelligence and data centers, and skills development.

According to RCRC, the projects form part of its broader strategy to develop an integrated, sustainable transportation system aligned with Saudi Vision 2030, positioning Riyadh among the world’s leading metropolitan cities.

The contracts reinforce the long-standing partnership between RCRC and AtkinsRealis in delivering major transportation infrastructure that supports the Kingdom’s urban mobility objectives and the continued growth of the Saudi capital, said RCRC in a statement.

As per the deal, AtkinsRealis will provide engineering consultancy, construction supervision, project management and technical oversight services for the Riyadh Metro network, ensuring the efficient execution of ongoing infrastructure works, while maintaining quality, safety and operational standards.

In addition, the company will also supervise the implementation of strategic road development projects aimed at improving Riyadh’s transportation network, enhancing traffic flow, increasing road safety, and supporting the city’s long-term urban expansion, it added.


Source: ME Construction News


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July 14, 2026 foasummit0

Drake & Scull International (DSI) has secured a contract worth US $14.4mn for mechanical, electrical, and plumbing (MEP) services for The Ritz-Carlton Residences in Business Bay.

The contract has been awarded by the Khamas Group of Investment companies, a UAE-based real estate developer. The Ritz-Carlton Residences, Dubai is a 48-key project located along the Dubai Water Canal.

DSI said it has secured several significant projects since the company underwent a major restructuring in 2024. This restructuring included a plan to increase capital by up to $163.35mn.

In May, the company reported a 81% year-on-year increase in Q1 profit, reaching $1.20mn. Additionally, revenues surged to $20.87mn, marking 152% year-on-year growth.


Source: ME Construction News


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July 14, 2026 foasummit0

AtkinsRealis has been awarded the lead design consultancy contract by the Expo 2030 Riyadh Company for its Place and Planet Pavilion, said to be one of the signature thematic pavilions planned for the mega event to be held in the Saudi capital.

Under the agreement, the firm will lead the design and multidisciplinary consultancy services for the pavilion, supporting the development of a landmark venue that will showcase the relationship between people, places, and the environment, while reflecting the overarching vision and sustainability objectives of Expo 2030 Riyadh.

The Place and Planet Pavilion is expected to be one of the central attractions of Expo 2030 Riyadh, contributing to the event’s mission of promoting global collaboration, sustainable development, and technological innovation.

AtkinsRealis said its scope of work includes provision of architectural and engineering design, co-ordination of multidisciplinary design disciplines and integration of sustainable design principles as well as ensuring the pavilion meets the highest standards of innovation, visitor experience, and environmental performance.

The contract further boosts AtkinsRealis’ presence in Saudi Arabia’s rapidly growing mega-project sector and supports the Kingdom’s Vision 2030 ambitions to deliver a world-class international exposition.


Source: ME Construction News


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July 13, 2026 foasummit0

Over the years, Dubai has rapidly evolved into the global capital of luxury real estate. Today, the city has no shortage of polished towers, premium launches, and grand promises. What it sometimes lacks is the quieter discipline that turns a striking concept into a lasting asset, one that feels premium and luxurious years later as it did on launch day. BAMX Developments is stepping into that gap with a clear message that luxury in Dubai should not only look refined but also be built with purpose, held to a standard, and delivered with consistency.

That distinction matters, especially in a market that has grown sharper, more selective, and far less forgiving of weak execution. Buyers and investors are well-versed with the difference between an enticing presentation and a luxury home that truly performs. Setting a new benchmark in luxury living experience, BAMX is positioning itself around that shift, making a case that the most valuable luxury developments are not the loudest ones but the most dependable and consistent.

Global experience to support local relevance

The company is leading its UAE strategy on the back of 30+ years of cross-border development experience, which is shaped across Europe, Central Asia, and the Middle East. 10 Million square metres of built space. Thousands of residential and commercial units handed over to buyers. A total project portfolio worth billions and several industry awards recognising excellence across multiple markets.

These delivery numbers have established BAMX as a credible developer that understands how to navigate different regulatory frameworks and construction standards, adapt to local conditions, and still preserve a consistent standard.

This rich legacy is particularly crucial in Dubai, where global experience can be a strength only if it translates into local relevance. BAMX has done that by grounding its UAE approach in practical delivery and a design culture that values clarity, proportion, and durability. The result is a development mindset that feels international without losing focus on the needs of discerning Dubai buyers.

Its current and upcoming projects in the city clearly reflect that ambition. As part of its deliberate location strategy, BAMX has selected some of Dubai’s most established and high-value addresses to carry its quality standard forward. ’77 Boulevard’ in Jumeirah Village Circle is scheduled for delivery by the end of the year, while ‘311 Boulevard’in JVC is progressing through the pipeline. The next upcoming project is ‘X11’ in Dubai South. This is supported by a strong portfolio of upcoming premium projects planned for Jumeirah Golf Estates, Palm Jumeirah, Sheikh Zayed Road, and Al Zorah City.

Where design meets delivery

At BAMX, design and delivery are inseparable. That idea sits at the core of the company’s approach to luxury living in Dubai. A home is only as strong as the promise behind it, and BAMX treats that promise as a full chain of responsibility, from architecture and interiors to planning, site management, and final handover.

Dr Mehdi Kavoosi, Founder & Chairman, BAMX Developments

That philosophy is strengthened by BAMX Belmore, the in-house interior design studio created as part of a joint venture with Italy’s Belmore, with studios in Dubai and Via Monte Napoleone in Milan. The collaboration brings Italian craftsmanship into the heart of the process, not as an afterthought, but as a guiding principle. It helps ensure that the final experience reflects the same attention and care that shaped the first design drawings.

The value of that model is easy to see. In Dubai, too many developments lose coherence between architecture and interiors. BAMX avoids that disconnect by ensuring that the same attention given to structure and layout is also applied to finishes, materials, and spatial experience. In a city that prizes refinement, that level of continuity can shape how a project is perceived long after launch day fades from memory.

What quality looks like on site

The real test of a developer is often hidden from public view and transcends beyond marketing campaigns. It sits in the systems that track progress, the checks that protect standards, and the discipline that keeps a project aligned from blueprint to handover. BAMX places strong emphasis on that behind-the-scenes work. That process begins with planning, where design intent is translated into practical steps that guide procurement, construction, inspection, and final delivery.

On the site, the same discipline continues. BAMX monitors execution carefully, making sure that standards are maintained across structure, finishes, and interior detailing. The company’s approach reflects an understanding that luxury is not only seen in the final product. It is also felt in the reliability of the process that created it.

This is where long-standing relationships with contractors and suppliers become a real strength. In a market where delivery timelines and quality expectations are under constant scrutiny, trusted partners help support consistency. They also help reduce the risk of variation, which is essential when a developer wants each project to reflect the same level of quality.

The BAMX story reshaping Dubai

In Dubai, luxury has become a crowded conversation. Everyone is selling quality. Everyone is promising excellence. But the brands that stand out are the ones that can show how that promise is carried through the entire process, from concept to completion. BAMX is making a statement on exactly that ground.

The company’s appeal lies in the balance it has built. It combines global scale with local focus, Italian craft with disciplined execution, and premium design with a delivery model built on accountability and purpose. That combination gives BAMX a distinct identity in the UAE market, especially as buyers and investors become more selective about what quality really means.

In the world’s most competitive real estate market, BAMX Developments is carving its own niche by reinventing the concept of luxury living, not as mere decoration but as a discipline-driven experience. The company remains committed to elevating luxury living by designing carefully, building with integrity, and standing firm behind every promise it makes – a persuasive value proposition that Dubai truly needs.


Source: ME Construction News


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July 13, 2026 foasummit0

Saudi-headquartered Asas Makeen Real Estate Development and Investment Company has signed a real estate development agreement with BLOM Real Estate Investment Fund XII to develop a new residential project in Riyadh. The fund is managed by BLOM Invest Saudi Arabia.

The estimated cost of executing the project, including development management fees is said to be US $35.2mn, excluding value-added tax.

The project will be developed on a 16,620sqm area and feature about 290 residential units, said Asas Makeen in its filing to the Saudi stock exchange Tadawul.

As per the terms of the deal, Asas Makeen will serve as the project development manager for the scheme in the Al Narjis district, overseeing the project’s management, development and execution. The contract will be completed in 18 months.

Asas Makeen said the project forms part of a strategy to expand its real estate development business through partnerships with landowners and investment funds while diversifying its revenue streams and strengthening its presence in the Saudi residential market. As per the deal, the company will receive development management fees of $2.97mn excluding VAT.

The company confirmed it will also invest $3.98mn in the fund through the subscription of 14,958 investment units, in line with the agreement and related definitive documents. The investment fund will have a target size of about $80.8mn, it stated.

Asas Makeen said it expects the agreement to have a positive impact on its financial results over the project period, subject to construction progress and the fulfilment of contractual conditions.


Source: ME Construction News


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July 13, 2026 foasummit0

Saudi-based Adeer Real Estate Company has inked an agreement with Sumou Holding. The deal is for the marketing and sale of developed land plots within the Jeddah Oasis masterplan

The Jeddah Oasis masterplan is a 707,254sqm mixed-use development in the Saudi port city. As per the 12-month agreement, Adeer will market and sell the plots through an off-plan sales model, said the company in its filing to the Saudi bourse.

The company confirmed it will receive a brokerage commission of 2.5% of the value of land plots sold, in addition to 2.5% of the sales value to cover marketing costs, including the establishment and fit-out of a sales centre.

Adeer said the agreement is expected to have a positive impact on its financial results as land plots are sold, transferred to buyers and the company collects its fees.


Source: ME Construction News


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July 13, 2026 foasummit0

Dubai’s Roads and Transport Authority (RTA) has awarded the contract for the Latifa bint Hamdan Corridor Development project. The project will be developed with an investment value of US $545mn.

The contract was awarded in line with the directives of the wise leadership to accelerate the delivery of road infrastructure projects, expand road network capacity, enhance traffic flow across Dubai, support economic growth, and keep pace with the urban development and population growth witnessed by the emirate.

Spanning 12km, the project will form a new strategic corridor that strengthens connectivity between Dubai’s key road corridors, linking Sheikh Zayed Road, through Al Khail Road, Al Meydan Street, Sheikh Mohammed bin Zayed Road and Sheikh Zayed Bin Hamdan Al Nahyan Street, to Emirates Road.

The project includes the construction of 7-bridges extending 2,300m and 8-tunnels covering 900m, enhancing traffic flow and improving the efficiency of the road network. The new corridor is expected to have a capacity of around 16,000 vehicles per hour in both directions and accommodate more than 130,000 trips per day. It will also reduce travel time between Umm Al Sheif Street and Emirates Road from 33 minutes to 15 minutes, a 54% reduction, while supporting current and future development projects and enhancing quality of life for residents and visitors. The project is expected to be completed by the end of 2028, the RTA said.

His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the Roads and Transport Authority, affirmed that the major infrastructure projects being implemented in Dubai embody the vision of leadership, a vision that has placed investment in roads and transport infrastructure at the heart of Dubai’s future, economy and competitiveness.

He also noted that developing the road network is one of the key pillars of keeping pace with rapid urban and economic growth, supporting sustainable development, reinforcing Dubai’s standing as an investment hub, and consolidating its position as the best city in the world to live, work and visit.

“Dubai has adopted a proactive approach to infrastructure development, centred on delivering major projects ahead of growth requirements. This ensures the road network is ready to accommodate the urban, population and economic expansion witnessed by the emirate,” said Al Tayer.

He added, “RTA continues to deliver strategic projects that strengthen connectivity between different areas, enhance traffic efficiency and ensure smoother mobility. These projects have a positive impact on quality of life and support the objectives of the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan, both of which aim to reinforce Dubai’s leadership as a global model for sustainable urban development.”

“The Latifa bint Hamdan Corridor Development Project forms part of RTA’s efforts to support strategic road corridors experiencing rising traffic volumes, such as Al Khail Road, Dubai–Al Ain Road, Umm Suqeim Street and Sheikh Mohammed bin Zayed Road. The project will contribute to distributing traffic flow and managing demand,” he continued.

“The new corridor also aims to serve development projects by providing entry and exit points that facilitate access to them and enhance their economic competitiveness. Latifa bint Hamdan Corridor is a new strategic corridor that strengthens integration across the main road network, provides advanced infrastructure to serve current and future urban projects, and improves connectivity between the eastern and western parts of the emirate. It will support economic growth, facilitate the movement of residents and visitors, and enhance the capacity of the road network in line with the highest international standards,” he concluded.

The Latifa bint Hamdan Corridor is said to be one of the strategic projects being implemented by RTA to enhance connectivity between Dubai’s key road corridors. Extending approximately 12km, it links Sheikh Zayed Road, Al Khail Road, Al Meydan Street, Sheikh Mohammed bin Zayed Road, Sheikh Zayed bin Hamdan Al Nahyan Street and Emirates Road, forming an integrated traffic corridor that adds 12% capacity to east-west corridors across the emirate, the RTA explained in a statement.

The corridor will serve many existing and future residential and development areas, most notably Nad Al Sheba, Al Barari, Dubai Hills, Dubai District One, Mohammed Bin Rashid Gardens, Living Legends, Majan and Global Village, in addition to residential, commercial and industrial areas along Latifa bint Hamdan Street and Al Meydan Street, as well as areas between Al Khail Road and Emirates Road. The new corridor is expected to serve around 650,000 residents and visitors, it added.

The project works includes expanding Latifa bint Hamdan Street to 4-lanes in each direction and constructing an integrated system of multi-level free-flow interchanges, bridges and loop ramps that provide all traffic movements. It also includes the construction of 7-bridges extending 2,300m and 8-tunnels covering 900m, in addition to a new road linking Al Khail Road with the extension of Latifa bint Hamdan Street.

The project further includes developing parts of Al Meydan Street and constructing a new interchange to serve development projects in the area, enhancing traffic flow and improving the efficiency of the road network. It also includes the construction of 12.5km of cycling tracks, linking them with the existing network to form an integrated route from Al Qudra to Jumeirah. This supports the sustainable mobility system and enhances mobility options across the emirate, the RTA concluded.


Source: ME Construction News


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July 13, 2026 foasummit0

Dubai Development has unveiled Walk’n, a mixed-use development in 6th of October City. This expansion follows the sustained demand for integrated commercial projects and its growing portfolio in West Cairo.

Walk’n is located on the Old Central Axis, near Al-Nagda Square, in the First District of 6th of October City. The project will span approximately 10 feddans.

Mohamed Abo Seada, CEO, Dubai Development said, “The project is part of the company’s strategy to develop mixed-use destinations that combine commercial, administrative, medical, hospitality, and leisure components. The company has entered into several partnerships to support the project’s development and operation. Saudi Arabia’s Rsoukh will serve as the strategic investment partner, while Hafez Engineering Consultants has been appointed as the architectural consultant.”

He added, “The partnerships are intended to enhance the project’s operational standards and long-term performance. Dubai Development, established in Saudi Arabia in 2001, has delivered nearly 10,000 residential units across more than 150 projects.”

According to Abo Seada, Walk’n will comprise a ground floor and 5-upper floors, offering retail outlets, office spaces, medical clinics, serviced apartments, and entertainment facilities. The company has chosen RECO to manage the entertainment facilities, and UFC Gym will operate the fitness centre.

Acadio will develop the project’s branding and communication strategy, while Vodafone will provide digital infrastructure and smart technology solutions.

Additionally, the company plans to launch The Address Mall, followed by Dubai Mall and Strip 13 Mall later this year. As part of its growth strategy in the Egyptian market, the company is also preparing to expand into East Cairo and the North Coast.


Source: ME Construction News


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July 13, 2026 foasummit0

Globalpharma has said it has successfully reduced its carbon footprint by 11,400t of CO₂ at its manufacturing facility in Dubai Investments Park (DIP) through the installation of a 612kWp rooftop solar photovoltaic (PV) system.

The solar system is projected to generate 25.3GWh of clean energy. This energy will contribute to improved energy efficiency and a reduced reliance on electricity supplied by the grid.

The development of this solar system was a collaborative effort between Globalpharma and 386 Sky Solar Energy Systems. The partnership brought together Globalpharma’s expertise in operational optimisation with specialised knowledge in the deployment of industrial-scale renewable energy.

The solar installation has been implemented under the Shams Dubai program. The program allows for both on-site energy consumption and the export of excess power to the grid through a bi-directional metering system. This project marks a significant step in integrating clean energy into Globalpharma’s manufacturing operations, ultimately enhancing overall operational performance.

Dr. Basem Albarahmeh, Chief Executive Officer, Globalpharma said,This initiative builds on a broader set of measures we have been implementing to strengthen efficiency and sustainability across our manufacturing operations. The integration of solar energy is a natural extension of our efforts to optimise resource utilisation, enhance energy efficiency and progressively reduce the environmental footprint of pharmaceutical production.”

“As we continue to scale our capabilities, our focus remains on embedding sustainable practices within core operations, supporting a more resilient and future-ready manufacturing platform that aligns with evolving industry and regulatory expectations,” he added.

Ahmad Al Khayyat, Chairman, Three Eight Six added, “The partnership is a statement of intent. Global Pharma has chosen to embed clean energy into their manufacturing operations, and that is exactly the kind of leadership that moves an entire industry forward. UAE’s Net Zero ambition will be built on decisions like this one.”

The initiative also aligns with broader national priorities, including the UAE’s clean energy transition and Net Zero 2050 strategy, supporting the progressive decarbonisation of industrial operations within the healthcare manufacturing sector.


Source: ME Construction News