Gulf Cooperation Council member states have signed a landmark framework agreement to advance the integration of the GCC regional railway network. The planned 2,117-kilometre network will connect Saudi Arabia, the UAE, Bahrain, Kuwait, Oman and Qatar, linking major economic centres, ports and logistics hubs. The agreement aims to strengthen passenger and freight connectivity, support regional trade and improve transportation efficiency across the Gulf. Full network operations are targeted for completion by the end of 2030, creating significant opportunities for railway construction, engineering, infrastructure and transport technology companies. SEO Caption: GCC countries sign landmark railway agreement, advancing a 2,117-kilometre regional rail network targeted for full operation by…
Construction
Qatar's construction sector is forecast to expand by 2.4% in 2027, according to a report by Fitch Solutions, supported by improving sentiment across the real estate market. The country's Real Estate Price Index increased by 5.7% year-to-date as of October 1, 2026, indicating improved market sentiment. The report also highlighted the potential impact of lower interest rates and stronger financial market performance in supporting demand for high-end residential properties. Although structural challenges remain, the outlook points to opportunities for developers, contractors and investors as Qatar's real estate and construction sectors continue to evolve. SEO Caption: Qatar construction sector forecast to grow 2.4% in 2027 as improving real estate sentiment supports residential…
The UAE construction market is projected to reach AED 642.3 billion by 2032, according to market intelligence firm Mordor Intelligence. The forecast is supported by sustained public and private investment in urban development, infrastructure and residential, commercial, hospitality and logistics projects. Dubai accounted for approximately 47.05% of the UAE construction market in 2026, highlighting its significant contribution to the sector's expansion. Infrastructure is expected to remain among the fastest-growing segments, while technologies such as Building Information Modelling, virtual reality and digital visualisation are increasingly supporting project planning and design. The outlook reinforces the UAE's position as a major regional construction and real estate…
Egyptian contractor Madkour Projects has secured a new contract from Oman Electricity Transmission Company, part of Nama Group, to construct the 400kV Sadaf grid station in Al Wusta Governorate. The scope also includes a 400kV loop-in loop-out connection to the Suwaihat–Duqm Industrial Grid Station transmission line. The project will strengthen Oman's electricity transmission infrastructure and support growing industrial demand around Duqm. This marks Madkour's second project with OETC in less than two years and its largest contract in the Sultanate to date, highlighting the expanding role of Egyptian contractors in regional infrastructure development. SEO Caption: Egypt's Madkour Projects secures Oman's 400kV Sadaf grid station contract, advancing electricity infrastructure and…
Dubai South has announced the opening of Iron Mountain's first warehousing and logistics facility in the UAE, located within the EZDubai Logistics Hub. Covering 37,000 square metres, the facility consolidates Unilever's warehousing, fulfilment and distribution activities under one roof, strengthening supply-chain efficiency. The development incorporates advanced technologies, including drones, automated robotic inventory counting and integrated operational systems. The opening represents an important addition to Dubai South's logistics infrastructure, reinforcing its position as a regional hub for trade, distribution and supply-chain services. SEO Caption: Dubai South opens Iron Mountain's 37,000 sqm UAE logistics facility, strengthening Dubai's warehousing infrastructure and regional…
Egyptian developer Livingyards has signed an agreement with United Elevators, the authorised Middle East partner of global elevator specialist KONE, to supply and install elevators and escalators across its real estate developments. The partnership aims to enhance technical and operational standards across the company's residential, commercial, administrative and service projects, while supporting construction timelines and improving the end-user experience. The agreement forms part of Livingyards' strategy to integrate specialised engineering and technological solutions into its developments. The company's portfolio includes NOIR, located on South 90th Street in New Cairo, with investments of approximately EGP 1.5 billion. SEO Caption: Livingyards partners with United Elevators and…
Dubai's Roads and Transport Authority is preparing to open a new 110-metre pedestrian bridge developed by Meraas, a member of Dubai Holding Real Estate. The bridge will connect Burj Khalifa/Dubai Mall Metro Station with City Walk and Coca-Cola Arena, improving accessibility between public transport, commercial destinations and entertainment facilities. Designed to accommodate approximately 10,000 pedestrians per hour, the project will enhance pedestrian safety and support visitor movement during major events. The development forms part of Dubai's wider infrastructure improvement programme, strengthening urban connectivity and supporting sustainable mobility across the emirate. SEO Caption: Dubai RTA and Meraas advance a 110-metre City Walk pedestrian bridge, enhancing urban…
Abu Dhabi's real estate market recorded strong growth during the first nine months of 2026, with transaction values increasing by 76.1% year-on-year to AED 171.26 billion. The number of transactions rose 32.8% to 38,483, according to figures released by the Abu Dhabi Real Estate Centre. Property sales contributed AED 119.33 billion, marking a 105% annual increase in value, while mortgage activity also recorded positive growth. Al Reem Island led the market in transaction value, followed by Al Hudayriyat Island, Saadiyat Island and Yas Island. The performance highlights Abu Dhabi's growing investment appeal and the continued expansion of its real estate market. SEO Caption: Abu Dhabi real estate transactions reach AED 171.26 billion in nine months, recording 76.1% annual growth and…
Saudi Arabia's General Transport Centre has signed agreements worth SAR 5.664 billion with private-sector partners for the Wasel Al-Haram project in Makkah. The project covers parking facilities, transport stations and mobility corridors serving the central area and the Grand Mosque, aiming to improve accessibility and transport efficiency. Spanning approximately 3.1 million square metres, the development includes 19 stations and parking facilities across seven corridors, supported by a fleet of 3,200 buses. The project is expected to serve approximately 205 million passengers annually, strengthening Makkah's transport infrastructure and supporting the city's long-term development plans. SEO Caption: Saudi Arabia awards $1.51 billion in Wasel Al-Haram agreements, advancing Makkah…
Bahraini authorities have announced significant progress on the Muharraq City Development Project, with its first phase nearing completion. The current phase includes the development of 300 residential units, while the wider programme targets approximately 2,000 homes through partnerships with the private sector. Covering around two square kilometres, the project aims to enhance residential conditions while preserving Muharraq's historic, cultural and urban identity. The initiative reflects Bahrain's continued commitment to sustainable urban regeneration, housing development and public-private collaboration. SEO Caption: Bahrain advances Muharraq City Development, nearing completion of its first phase and supporting a wider 2,000-home urban regeneration programme.
Marjan and Ras Al Khaimah Economic Zone have announced the topping-out milestone of RAK Central Square, advancing the mixed-use development towards its scheduled opening in the fourth quarter of 2027. The project forms part of the wider RAK Central masterplan, which integrates commercial offices, residential properties, hotels, retail facilities and public spaces. The wider development is expected to include approximately three million square feet of office space, more than 7,000 apartments and over 1,000 hotel rooms. The construction milestone reinforces Ras Al Khaimah's growing position as a destination for commercial investment and integrated urban development. SEO Caption: RAK Central Square reaches topping-out milestone in Ras Al Khaimah, advancing a major mixed-use development…
Oman has officially unveiled Al Yazan, an integrated tourism and residential development on the Port Sultan Qaboos waterfront in Muttrah, developed through a partnership between OMRAN Group and VA Group. The 18.5-hectare project will comprise approximately 1,500 residential units, with its 180,000-square-metre residential component planned for delivery across three phases. The masterplan also includes a waterfront promenade exceeding 400 metres, approximately 25,000 square metres of retail space, landscaped areas and community facilities. The development represents a significant step in Oman's efforts to revitalise waterfront destinations and attract private-sector investment into integrated tourism and real estate projects. SEO Caption: OMRAN Group unveils Al Yazan in Muttrah, Oman,…