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Construction costs inch up 1% y-o-y in October
Residential costs rose 1% y-o-y, while non-residential costs increased 0.9%
Builtop bags USD 11 mn in seed funding round to digitalize Saudi construction procurement
The round was led by TAM Capital alongside a group of strategic investors
Dallah Albaraka, Egypt’s Emaar Misr to develop EGP 78 bn New Cairo project
The project will span 380 feddans and generate some EGP 117 bn in revenues
Construction costs hold steady, up 0.7% y-o-y in September
Residential construction costs rose 0.8% y-o-y in August, while non-residential costs increased 0.6%
Qiddiya awards SAR 5.4 bn contract to build performing arts center
The center will feature 3k seats across three theatres
NHC, Chinese firms ink housing agreements + Al Akaria awards contracts for Riyadh developments
NHC signed a SAR 8.7 bn framework agreement with C7B
Saudi’s project awards cool in 3Q, driving regional decline
Decelerating giga-project awards, sluggish oil prices, and rising cost inflation were behind the slowdown
Diriyah Grand Mosque contract goes to Al Majal, Man Enterprise
The mosque will span a total floor area of 12.3k sqm
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