riyadh-1.jpg

April 14, 2026 foasummit0

Riyadh Cables Group Company has announced that it has sealed a supply contract worth US $120mn with Saudi-based Mohammed Al Ojaimi Contracting Establishment.

As per the deal, the Saudi group will be responsible for the supply of cable products at some of Mohammed Al Ojaimi’s  key power generation and transmission projects in the region.

Riyadh Cables’ affiliates extend to 22 domestic/regional locations, including Riyadh/Saudi Arabia, UAE and Iraq. The company manufactures and supplies all types of wire and cables at its facilities.

The agreement stipulates the supply of power transmission cables to support a number of projects undertaken by Mohammed Al-Ojaimi Contracting Establishment, said Riyadh Cables Group in its filing to Saudi bourse Tadawul.

The entire contract will be completed within a 12-month period, it stated.

On the financial impact, the Riyadh Cables Group said it will start appearing from Q4 of 2026.

This contract reflects the company’s strong market position and the high level of trust it built among its clients.

The post Riyadh Cables wins Saudi power supply contract appeared first on Middle East Construction News.


Source: ME Construction News


Masaar3-1_1000x600-1.jpg

April 14, 2026 foasummit0

Arada has launched sales at Layan, the fifth phase of its Masaar 3 forest community in Sharjah. Off-plan sales commenced with 437 new villas and townhouses, comprising 3- and 4-bedroom family homes, accounting for over two-thirds of the units.

Masaar 3 has become one of the UAE’s fastest selling suburban developments. The first 2 phases, launched in September 2025, sold out within hours of their release.

Construction contracts for the first 6 phases of Masaar 3, including Layan, are expected to be awarded within the next 3 months, the developer said.

Layan will feature a diverse range of 2- to 5-bedroom properties, all equipped with standard smart home systems and premium appliances.

The community is centered around a distinctive green spine of 100,000 trees that connects each residential district to wellness, leisure, and retail facilities. Masaar 3 encompasses eight gated neighborhoods spread across a vast 21m sqft master plan, the developer noted.

The post Arada unveils fifth phase of Sharjah’s Masaar 3 appeared first on Middle East Construction News.


Source: ME Construction News


RTA-Bus-Shelters_1000x600-1.jpg

April 13, 2026 foasummit0

The Roads and Transports Authority (RTA) has said that it has completed a project involving the installation of 726 modern bus shelters for public transport riders, distributed across key areas of Dubai.

The new shelters are said to serve more than 192m riders annually. Some shelters are linked to more than 10 bus routes, enhancing network flexibility and raising operational efficiency, the RTA said.

The project is said to underscore the RTA’s commitment to developing an integrated public transport system based on service quality and efficiency, while supporting Dubai’s direction to establish public transport as the preferred mode of mobility.

His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the Roads and Transport Authority said that the project marks a strategic step in strengthening infrastructure that supports the public transport system. He noted that it reflects the RTA’s direction towards building an integrated, people-centric urban environment that enhances quality of life and reinforces Dubai’s position as one of the world’s best cities to live in.

He added that the development of mobility infrastructure extends beyond operational aspects to include enhancing the user journey and increasing the attractiveness of public transport, thereby supporting sustainability targets and reducing carbon emissions.

“We ensured that the new shelters combine modern, attractive design with integrated services that enhance the mobility experience, strengthen public confidence in the public transport system, and support sustainability objectives, including reducing emissions. The shelters serve a large number of bus routes — sometimes over ten routes per shelter — which improves network efficiency, cuts travel time, and boosts public transport ridership,” he noted.

Al Tayer explained that the locations of the new bus shelters were selected to meet the requirements of high-density areas and the current and future operational needs of public bus services. The locations also support integration with individual mobility modes.

The design of the new shelters complies with the Dubai Universal Design Code for People of Determination, with dedicated spaces allocated for wheelchair users. This supports the “My Community… A City for Everyone” initiative, which aims to transform Dubai into a fully inclusive and accessible city for People of Determination.

The RTA said that bus shelters have been categorised into seven models based on usage levels. These include Main Stop (serving more than 750 riders per day); Secondary Stop (accommodating between 250 and 750 riders per day); Standard Stop (serving between 100 and 250 riders per day); and Pick-up and Drop-off Stop (serving fewer than 100 riders per day).

In addition, it explained that part of the shelter space at main stops has been designated as air-conditioned, alongside shaded outdoor areas and advertising spaces. The shelters are also equipped with information displays providing bus network maps, timetables, service frequency, and other rider information and services.

The post RTA completes 726 bus shelters across Dubai appeared first on Middle East Construction News.

Source: ME Construction News


HKA-CRUX-1_1000x600-1.jpg

April 13, 2026 foasummit0

Global risk mitigation and dispute resolution firm, HKA released the Eighth Annual CRUX Insight Report titled ‘From Insight to Foresight’ in late 2025.

The latest edition of the report features insights from over 2,200 projects from 114 countries valued at US $2.43tn. Some of the key findings in the latest version of the report include:

  • Disputed costs averaged around a third of contract budgets
  • Claimed extensions of time would add two thirds to works schedules
  • Time-based analysis shows a big shift in claim and dispute patterns
  • Most causes have reduced in frequency, with regional variations
  • Despite the pandemic, disputed schedule and budget overruns were lower post-2020
  • COVID-19 caused conflict on almost a quarter of projects
  • Cashflow and payment issues rank higher in tougher economic times

The full report and a powerful interactive dashboard can be accessed freely at www.hka.com/crux-insight. The report and interactive dashboard are amongst the most powerful resources this Editor has seen in his career covering construction, in terms of sharing deep insights into the main causes of claims and disputes on engineering and construction projects.

Since the report was first launched several years ago, it has garnered a significant following with over several thousand downloads reported to date.

Discussing the vision behind the development and launch of CRUX, Toby Hunt, Partner, Business Development Lead International at HKA comments, “CRUX was created to give the industry something it had never had before, an evidence-based, global view of the root causes of claims and disputes on construction and engineering projects– grounded in project data, rather than practitioner survey insight alone.”

“Our experts were already analysing distressed major projects worldwide, and the volume of data meant we held insights that could genuinely help clients avoid disputes, strengthen project governance and improve outcomes. Formalising this into an integrated research programme in 2017 – aligned with rigorous research principles – allowed us to share those lessons more widely and help raise industry standards.”

He explains that CRUX is underpinned by a formal methodology, an empirical dataset, cross‑literature taxonomy development and advanced analytical techniques. “It applies ataxonomy of 1,750 causes of dispute, distilled into 39 categories through comparison with academic and industry literature,” he adds.

Asked for insights into how the initial idea was received within the firm, and whether there was any resistance to undertaking such an intensive research project, Hunt says: “We expend a significant amount of internal time in collecting data and making sure we aggregate and analyse it. So we had to show how the insight would help HKA, including how it would support clients, strengthen our capability and reinforce our value proposition.”

Hunt says there was an element of “winning hearts and minds”. “What you have to show is that this exercise isn’t just about research, but rather creating a detailed annual report that can drive incremental benefits across the business. We also showed how it could benefit HKA consultants as an internal service. So while a lot of what we were doing was sharing the knowledge with external clients, it was just as much supporting our internal colleagues by showing them what we were producing, inviting questions and sharing insights they could use in client conversations.”

Here, Hunt also points out that the CRUX reports are more than just knowledge sharing. “It goes beyond that, because it can sometimes provide insight into areas you might not have traditionally seen. If you’ve worked on 10 projects in different sectors, what you don’t often see is the detailed differences in causation between these projects, or between those sectors.”

“By doing the analysis, collecting data and investigating in the way that we have, it brings a pretty stark contrast. In some sectors, the causation is very different, or more nuanced, than in others. Many people write about delay and causes, but much of it isn’t research-based,” he says.

Asked what the now well-known name of the report means and where it came from, Hunt says it was inspired by rock climbing. “In the English language, a crux is described as a vital, basic, decisive, or pivotal point. In climbing crux is the hardest and most physically demanding part of a route or boulder problem. It demands your attention and you have to work out what your moves are going to be before you attempt it. That’s where we got it from,” he notes.

Discussing whether the concept behind the CRUX report has remained the same since its inception, or whether it has evolved, Hunt responds: “The core purpose – identifying and analysing the underlying root causes of claims and disputes – has remained constant.”

He adds: “What has evolved each year is the depth, methodology and thematic focus. The dataset has now grown to more than 2,200 projects, and recent editions have introduced new analytical layers, including time‑based analysis, AI impacts, econometric modelling, contract type comparisons, ‘speed to build’, stakeholder behaviours, skills‑related challenges and the growing environmental risks facing projects. As the scale and richness of the data increases, CRUX,  one of the most academically rigorous and empirically grounded dispute‑causation research programmes in the construction industry, has also become more forward looking, moving from insight to foresight.”

Toby Hunt, Partner, Business Development Lead International at HKA

Producing CRUX

Developing the CRUX report is an intensive process that demands significant time and resources from   individuals across HKA’s global network of offices.

Sharing insights into how the report is produced, Josephine Guckian, Partner, Chief Marketing and Communications Officer outlines: “CRUX is the result of a year‑round global effort. Our experts gather data from real investigations across regions and market sectors. The CRUX research team structures and analyses this dataset, consults with colleagues and external stakeholders on emerging themes, and develops the findings and narrative. We also interview subject‑matter experts, consultants and advisors, to gather additional insight, and the report goes through a final peer review by senior experts.”

“HKA invests significant time and expertise to maintain the rigour of the analysis, develop dashboards and deliver client-ready insights andbespoke presentations,” she emphasises.

She elaborates: “In terms of production, each report typically takes around 2- to 3-months, supported by continuous data collection throughout the year. The project surveys run continuously and we also hold a lot of brainstorming sessions, particularly around what we’re going to write about. We spend quite a bit of time making sure that the themes we focus on, informed by interviewswith our experts and consultants, are relevant to the industry and to our clients.”

Following the launch of a new report, Guckian says HKA then markets it and presents the data and insights to clients, some of whom also invite the firm to present it to other groups. “We do a lot of panel discussions around the report, and we find that people tend to reference it a lot, which is great to see.”

Hunt and Guckian have spearheaded the CRUX report from its inception to present day and are credited with steering it into becoming a globally recognised research and knowledge-sharing platform.

Elaborating on the team and the process behind the report Guckian says, “Toby and I spend a significant amount of time working on CRUX, and we also have  a dedicated resource, Kate Hall, to project manage and oversee its development year round. That said, it’s really a global effort, with colleagues involved from across the world, from the Americas to Australia. We interviewdifferent consultants and experts and we try to rotate who we speak to each year, so that different people have the opportunity to participate. After 8-years, it’s become pretty popular internally.”

“Initially, it took a bit of convincing to get people to set aside time. But once they could see the value, they started making space for CRUX, and now people are very keen to be involved,” she highlights.

Discussing what she most enjoys about working on CRUX, Guckian says the report brings together every part of the business, from experts to consultants and advisors. “The team enjoys shaping the narrative, ensuring the insights are accessible and meaningful for clients, and seeing how HKA colleagues use the data in client presentations, seminars, and industry discussions. It is gratifying to see the impact CRUX has across the industry and to watch it being referenced by clients, law firms and industry bodies around the world,” she says.

She continues, “It has taken time to develop CRUX into a brand in its own right, but we’re now seeing real anticipation for each edition. People contact us to ask when the report will be released, and we’ve seen clients and lawyers referencing it and using it in their own businesses. That, to me, is evidence that what you’ve produced is a quality product – and it’s probably the one thing I’m most proud of.”

Hunt adds, “From my perspective it goes back to the beginning of this project. Some people in our business initially questioned why we’re investing so much time and effort. Today, that scepticism has disappeared – everyone can see the value of CRUX, and how it helps us engage with our clients by sharing knowledge.”

“It’s much easier to talk to a client when you’re offering to share some of your knowledge. We’ve had a number of clients say what we are doing is market leading and puts us ahead of anyone else in the industry because what we’re doing is not easy. It does take us a lot of time and effort to do each year. So that’s probably what I’m proud of,” he comments.

Committing to quality

Producing a globally relevant report such as CRUX is a significant commitment and, as with any such project, there are numerous challenges to overcome to ensure the finished product delivers value to stakeholders.

Asked about the most challenging aspect of producing CRUX each year, Guckian says it’s crucial to ensure that the team is focuses on the right emerging themes and provides insight that genuinely adds value for clients and the wider industry. Coordinating contributions across regions, managing interviews and reviews, and keeping the narrative clear while reflecting what the data is really showing all require careful planning to make sure the structure flows effectively, she explains.

Josephine Guckian, Partner, Chief Marketing and Communications Officer, HKA

Ensuring absolute consistency in messaging, design and global launch timing is another significant part of the process, she notes.

She elaborates, “To get a read of what’s going on in the industry, we have an internal research department. We receive a lot of news alerts and subscribe to leading research providers so we have a strong sense of the landscape – but there’s always a debate. With so many experienced specialists across the business, we test and challenge ideas until we’re clear on what the report should focus on.”

“It’s a healthy discussion, and it means that we end up with some of the best topics of interest to the wider industry. This aspect can be a bit challenging at times, but it’s interesting. The great thing is, and I think a lot of people at HKA would agree, you actually learn a lot by listening in on those interviews, and reading about what our most senior experts and consultants have to say.”

Hunt adds, “We’re a global business that communicates with its clients every day, so we understand the challenges they’re facing and how those challenges evolve year-on-year. CRUX is shaped by what we see on live projects as it happens. A client might call and say ‘We are facing some project challenges, can you help us and try to avoid this turning into a dispute?’. So we’re not just a firm that’s dealing with disputes, we’re a firm that also helps with dispute avoidance.”

“The industry has challenges. We had COVID-19, and there’s a lot of geopolitics at the moment, which affects clients. So it’s interesting to see how CRUX causation is shaped by those ‘black swan’ events and trends over time. It’s a healthy challenge for us.”

Here, Guckian highlights, “CRUX goes through a thorough peer review. We have a panel once all the information comes back and an external writer that helps us compile it all. Once the interviews are done, it’s peer reviewed by the interviewees and when the whole report comes together, it actually goes to another panel to be peer reviewed again. Our reputation is so important, so we make sure it’s been thoroughly reviewed before it’s launched to the marketplace.”

Asked about how he judges the success of CRUX, Hunt replies: “CRUX continues to deliver value through bespoke studies and project-specific analyses. We develop in-house assessments that allow clients to benchmark their own performance against the CRUX dataset and pinpoint areas for improvement. The same analytical approach has also informed risk assessments on large energy programmes, helping project teams identify recurring drivers of claims and disputes and make more informed decisions at critical stages.”

He continues, “For one client, we carried out a detailed causation and performance analysis on their major infrastructure programme, using CRUX data and expert insight to benchmark issues, identify systemic drivers of delay and cost escalation, and strengthen the evidence base behind the project review. For one public sector client responsible for a major heritage building renewal program, we tailored and delivered a CRUX briefing to their senior team. This involved adapting our analysis to the unique characteristics of a complex historic estate and exploring relevant data to help them understand recurring drivers of claims, disputes and project risk.”

Since CRUX was first launched in 2017, the report has been downloaded more than 5,000 times, reflecting its growing following across the industry.

Positive impact & the future

Since its early days, the annual CRUX report has had a tangible impact on HKA’s business around the world. Guckian notes that the report continuously demonstrates HKA’s expertise.

“With more than 45 years of experience in construction claims and disputes, CRUX showcases the knowledge of our people, supported by the real project data our experts and consultants have worked on. This combination of expertise and evidence differentiates HKA in every region.”

She adds, “It provides an authoritative, independent evidence base that strengthens our credibility in the industry and positions HKA as a thought leader on dispute causation. Globally, CRUX has become a unifying brand asset that elevates our profile and reinforces our expertise across markets and geographies.”

Asked about how the report’s success is judged, Hunt says:, “We can see from client engagement, and the amount of downloads. I was at a conference not too long ago where a competitor was talking about a particular issue and they had CRUX slides on their screen. We probably don’t see a huge percentage of the times that the CRUX data is referred to at various congresses and conferences around the world.”

“Considering we’re in our eighth year with the report, I think we have a successful proof of concept,” Hunt confirms.

Here, Hunt reiterates that client feedback has also been overwhelmingly positive. “Clients tell us that CRUX validates what they experience on their own projects and helps benchmark performance. They value the clarity of the analysis, the identification of recurring issues, and the ability to use the data to improve governance, planning and risk management. Clients also tell us they find the CRUX dashboard extremely useful for exploring different industries and geographies, understanding the top causes of claims and disputes, and comparing contract types in a clear and accessible way.”

Pressed about whether the underlying causes of claims and disputes has changed since the first edition of the CRUX report was released to present day, Hunt notes that despite global disruptions, many of the core drivers of claim and disputes remain consistent.

He explains, “Scope change, design issues, late information and poor contract administration are still responsible for many claims and disputes. However, CRUX shows encouraging trends. In the past 5-years, several underlying causes have declined in frequency or impact, particularly on projects completing after 2020. At the same time, megaprojects continue to amplify risk, and new themes such as AI, supply chain stress and contract type effects have become more prominent.”

Asked for his recommendations on how clients can avoid some of the common issues that are highlighted in the CRUX reports, Hunt says: “Companies can actually use what we put in the CRUX report to try and help with their risk mitigation strategies. I think some don’t have a proactive way of managing risks, so I recommend that they actually use the data that we share in the report.”

“If they can understand the information and identify their risk profile, they can build strategies to assess and stay on top of risks. Risks are not static; they change every day. As soon as you do something, you should be thinking about how that potentially affects the time and money the company is going to expend on a project,” he comments.

Here Guckian adds, “I would encourage companies to engage with CRUX, particularly the dashboard, as a practical way to understand issues that commonly arise on projects and how risk can be better managed.

Looking ahead, Hunt and Guckian say the future of CRUX is about deeper insights, greater accessibility and continuing to give back to the wider industry.

“We will keep developing more detailed dashboards, improving regional and sector-specific editions, and exploring new analytic themes shaped by industry feedback. We will also continue focusing on the themes that matter most to the industry, ensuring the analysis remains relevant and meaningful. As the dataset grows, CRUX will strengthen its predictive dimension, helping clients anticipate risks earlier.”

They conclude, “Our goal is to ensure the insights remain easy for the industry to access, understand and apply. Ultimately, we want CRUX to remain the industry’s most trusted source of dispute causation intelligence and a resource that genuinely improves project outcomes worldwide.”

The post Getting to the CRUX of the matter appeared first on Middle East Construction News.

Source: ME Construction News


gagan-1.jpg

April 13, 2026 foasummit0

Bahrain Marina Development Company (BMDC) has appointed Gagan Suri as CEO, as the development advances into its next phase and prepares for its operational launch.

Suri brings more than 25 years of international leadership experience in large-scale urban development, infrastructure delivery, and real estate investment across the Middle East, Europe, and North America.

In his new role, he will lead the strategic delivery, market positioning, and operational transition of Bahrain Marina, one of the Kingdom’s most significant waterfront developments.

Most recently, Suri served as Executive Director and Head of Development at Oxagon, an emerging advanced industrial and port ecosystem on the Red Sea designed to support next-generation manufacturing, logistics, and global supply chains.

In this capacity, he oversaw development planning and infrastructure coordination across a large-scale industrial and urban environment integrating port operations, manufacturing clusters, logistics corridors, and supporting urban infrastructure.

Prior to this Suri served as CEO and Board Member of Bahrain Bay Development, where he led the transformation of Bahrain Bay into one of Manama’s premier mixed-use waterfront districts. The development introduced a dynamic combination of residential, hospitality, commercial, and retail assets that have contributed to reshaping the capital’s skyline and strengthening Bahrain’s position as a regional destination for investment and tourism.

Earlier in his career, Suri held senior leadership roles with Arcapita, Saudi National Bank Capital, Credit Suisse, and Capmark Finance, gaining extensive experience in real estate investment, infrastructure financing, and the delivery of large-scale development projects across international markets.

His appointment comes at an important moment as Bahrain Marina continues to progress through construction and development milestones, positioning the project to become a new waterfront destination in the heart of Manama.

The post BMDC appoints Gagan Suri as CEO appeared first on Middle East Construction News.

Source: ME Construction News


Al-Reem-1.jpg

April 13, 2026 foasummit0

Developer MERED has announced the progress of main piling operations at Riviera Residences, a waterfront residential tower situated on Al Reem Island in Abu Dhabi.

The milestone marks the completion of 60% of the enabling works, which encompasses essential tasks such as constructing guide walls, shoring, contiguous piling, and ground improvement across both zones.

Abu Dhabi’s residential market has demonstrated remarkable resilience and strength, as evidenced by this progress. This underscores the emirate’s commitment to delivering off-plan projects that cater to the discerning needs of its residents. Deep foundation works have been completed, further solidifying the project’s foundation.

The development boasts over 400 apartments and 11 exclusive villas, including sky villas, ocean villas, and a penthouse. The promenade features a variety of cafés, boutique retail, and dining options, providing residents with a diverse range of amenities and entertainment.

Construction is progressing despite the ongoing changes in the wider region, the site team has successfully managed to stay on schedule through proactive planning. The project has already achieved over 85,000 safe man-hours without any lost-time incidents, a testament to the safety culture that the team has consistently built and maintained, said the developer.

Michael Belton, CEO of MERED said, “This milestone is a direct result of the quality of the teams we have on the ground, but it is also a testament to the resilience of the UAE’s real estate sector. Abu Dhabi in particular continues to attract serious, long-term investment. This project was always conceived as something that could stand the test of time. That ambition has not changed, and neither has our commitment to delivering it.”

The project’s progress comes at a time when Abu Dhabi is further strengthening its investment environment in line with Abu Dhabi Vision 2030, and its broader focus on sustainable urban growth, transparency, and long-term economic development.

New measures introduced have strengthened Abu Dhabi’s real estate regulatory ecosystem, introducing integrated controls, improving operational efficiency, and ensuring transparency across the market. Together, these reinforce investor confidence and the emirate’s position as a stable, well-regulated residential market.

Riviera Residences is supported by a group of well-regarded delivery and design partners whose combined expertise strengthens every stage of the development. Pritzker Prize-winning architects Herzog & de Meuron; ground engineering and enabling works specialists, NSCC International; engineering consultants  DAR ALHANDASAH, and Paris-based landscape consultants Michel Desvigne Paysagiste (MDP), are reinforcing MERED’s focus on long-term placemaking, the firm said.

The post MERED advances Riviera Residences to deep foundation works appeared first on Middle East Construction News.

Source: ME Construction News


Qatar-1.jpg

April 13, 2026 foasummit0

Qatar says it is now planning to roll out more than 188 projects and initiatives between 2024 and 2030 to accelerate growth in trade and investment, according to a report by Qatar Television. The country says that it has been steadily strengthening its position as a regional trade and investment hub, backed by long-term economic planning and infrastructure development under its national vision strategy.

The initiatives, led by the Ministry of Commerce and Industry, form part of broader efforts to make trade a central pillar of Qatar National Vision 2030. Trade resilience and food security remain central priorities, with ongoing efforts to secure supply chains and expand storage capacity to ensure long-term market stability.

As part of the strategy, Qatar is working to diversify supply routes and expand trade gateways, including strengthening land transport links and regional connectivity. These measures are aimed at improving the flexibility and efficiency of goods movement across borders.

Officials say the initiatives have already contributed to stronger supply chain performance, enabling the country to better respond to both domestic and global market demands, while reinforcing its role as a regional trade hub. Recent figures highlight this momentum, with Qatar recording a merchandise trade surplus of around US $3.32bn in January 2026. China emerged as Qatar’s largest trading partner during this period, with trade valued at $1.43bn.

The broader plan is built around economic diversification, increased competitiveness, and greater openness to international markets. It aims to drive sustainable growth in non-oil sectors at an average annual rate of approximately 3.4% through 2030.

More than half of the planned projects fall under entities affiliated directly with the ministry, while the rest are spread across industrial, trade, and logistics sectors reflecting a coordinated and integrated development approach. Qatar is also targeting up to $100 billion in foreign direct investment inflows by 2030, while continuing to strengthen domestic investments, which have already exceeded $89.55bn.

A key part of the strategy includes the development of free zones and logistics hubs covering around 50sqkm, designed to enhance trade flows and capitalise on Qatar’s strategic geographic position connecting major global markets.

The post Qatar targets US $100bn in investment with 188 new trade projects appeared first on Middle East Construction News.

Source: ME Construction News


Alramz-1.jpg

April 13, 2026 foasummit0

Saudi-based Al Ramz Real Estate Company made an announcement regarding the acquisition of a prime 8,600sqm plot of land in the Al Malqa district of the capital city, Riyadh. This land will be used to develop a residential project that includes 135-apartments, along with premium amenities.

Al Ramz Real Estate stated in its filing to the Saudi bourse Tadawul that the new residential project will be constructed to the highest quality standards and will align with the company’s strategy to develop integrated residential projects.

The US $25.1mn deal was finalised with Mohammed Abdulaziz Mohammed Al Majed and Mohammed Ibrahim Saeed Al Khalifa, as per the statement.

This transaction aligns with the company’s strategy to expand its presence in prime locations. The project is situated in an area with high demand and limited supply, which significantly boosts the project’s chances of success and the achievement of its targeted returns.

Al Ramz Real Estate said that this transaction will be financed using the company’s internal resources. The Saudi company anticipates that this deal will contribute to enhancing the company’s financial performance during the years 2026 to 2028.

The post Alramz secures prime Riyadh land for 135-unit residential development appeared first on Middle East Construction News.

Source: ME Construction News


jubail-1.jpg

April 13, 2026 foasummit0

Abu Dhabi Islamic Bank has reaffirmed its role as a key enabler of large-scale real estate development through its partnership with Jubail Investment Company.

The Jubail Island project, solely financed by ADIB from inception through to completion, reflects the bank’s integrated approach to supporting landmark developments across the UAE, it said.

The partnership reinforces ADIB’s capability to provide end-to-end financing solutions, combining corporate banking expertise with a market-leading retail home finance proposition. From initial project structuring finance and funding to facilitating home ownership for end buyers, ADIB has acted as a one-stop financial partner, supporting the successful progress and delivery of Jubail Island.

Building on this long‑standing collaboration, ADIB and Jubail Investment Company have signed a MoU to further enhance financial services available to customers financing properties within Jubail Island developments in the UAE.

Under the MoU, ADIB will provide a comprehensive range of Shari’a‑compliant finance including home financing, personal finance, and tailored banking services for JIC customers. In addition, ADIB’s property management arm, MPM Properties, will provide property management services for the Jubail Island project. The collaboration also provides for coordinated customer engagement and joint marketing initiatives.

Mohamed Abdelbary, Group Chief Executive Officer of ADIB said, “Our partnership with Jubail Investment Company reflects ADIB’s ability to support transformative real estate developments through a fully integrated banking model. By supporting this project from inception through to delivery, we have reinforced our integrated banking model combining corporate financing with home finance, banking solutions, and property management capabilities to support customers and partners across the full real estate lifecycle.”

Mounir Haidar, Managing Director and Board Member for JIC added, “Jubail Island was envisioned as more than a residential development, it is a strategic contribution to Abu Dhabi’s long-term vision of building sustainable, future-ready communities that enhance quality of life while preserving the emirate’s natural heritage. Our partnership with ADIB aligns visionary master planning with integrated, Sharia-compliant financial solutions. Together, we are enabling a development that supports economic diversification, attracts investment and reinforces Abu Dhabi’s position as a global destination for refined, nature-led living.”

The post ADIB strengthens ties with Jubail for island project appeared first on Middle East Construction News.

Source: ME Construction News


ad-1.jpg

April 10, 2026 foasummit0

Abu Dhabi’s Department of Municipalities and Transport (DMT) announced the issuance of a package of administrative decisions to implement Law No. (3) of 2015 (as amended by Law 2 of 2025) related to the regulation of the emirate’s real estate sector.

The decisions enhance the effective implementation of the law, further strengthening transparency and governance within the emirate’s real estate market. These are aimed at establishing a more flexible and clearly defined legislative framework that aligns with international best practices. In addition, the decisions respond to the sector’s rapid growth ensuring the law is applied in accordance with well-defined regulatory requirements, DMT noted.

The package comprises 4 administrative decisions addressing key stages across the development, regulation and management cycle of real estate development projects in the emirate. The decisions include: regulating the mechanism and controls for disbursement from real estate project escrow accounts prior to 20% project completion; regulating property ownership rights and the management of jointly owned properties and common facilities; approving the bylaws governing owners’ committees; defining compensation ratios, refund periods, and procedures for purchasers of cancelled units which are resold in accordance with Article (3/17) of Law No. (3) of 2015 (as amended by Law 2 of 2025) concerning the Regulation of the Real Estate Sector in Abu Dhabi.

These decisions form part of Abu Dhabi’s ongoing efforts to strengthen its position as an international investment hub in the real estate sector, by developing a flexible legislative environment that supports real estate developers, protects investors’ rights, and is in line with future growth requirements. This approach ensures effective market governance and safeguards investors’ interests in parallel, reinforcing the markets’ competitiveness at both the regional and international levels.

The decisions enhance the legal and contractual relationships among the various stakeholders in the real estate market by providing a comprehensive regulatory framework that ensures a balanced alignment of interests between developers, investors, and owners. It defines the roles and responsibilities of developers, property management companies, and owners’ committees, contributing to the establishment of an integrated and collaborative relationship among the parties that supports the sustainability of real estate projects – particularly with respect to the management of common facilities and the role of Owners’ Committees.

In addition, the decisions enable real estate developers to implement projects, while protecting buyers’ rights and safeguarding their funds. The decisions further introduce a flexible and efficient mechanism aimed at reducing disputes between developers and unit purchasers, enhancing the efficiency and diversity of the real estate market.

Decision No. (24) of 2025 on the mechanism and controls for disbursements from real estate project escrow accounts prior to achieving 20% project completion, focuses on regulating withdrawals from escrow accounts before the completion threshold stipulated under the Real Estate Sector Regulation Law. This is achieved by introducing clear controls linked to the submission of bank guarantees and approved cost estimates, with the aim of safeguarding purchasers’ funds and preventing any unregulated use of monies deposited in project escrow accounts.

While Decision No. (25) of 2025 addresses the regulation of jointly owned property by establishing a comprehensive regulatory framework for the management of real estate assets, common parts and shared facilities. The decision defines the respective roles and responsibilities of owners, developers, and property management companies.

Rashed Al Omaira, DG of ADREC said, “The issuance of this package of executive and regulatory decisions represents an important step in advancing the mechanisms for implementing Law No. (3) of 2015 (as amended by Law 2 of 2025) governing the real estate sector through the adoption of flexible executive tools that can be adapted to market dynamics.”

“These decisions enhance the efficiency of sector regulation and reinforce the principles of transparency and governance, supporting investor confidence and strengthening Abu Dhabi’s position as a leading real estate destination,” he stated.

He added, “They establish a clear executive framework ensuring balanced contractual relationships, strengthening the protection of all parties’ rights, and supporting the speed and efficiency of procedures applied across the market.”

The post Abu Dhabi’s DMT announces new decisions to boost real estate transparency appeared first on Middle East Construction News.

Source: ME Construction News