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Logistics (MENA) 
Sal to build SAR 4 bn logistics zone in Falcon City
The firm is leasing land for the zone from the Sela Company
Saudi Arabia’s 2024 contract awards reach record high of USD 146.8 bn
Saudi Arabia leads GCC with over 53% share of project awards
Zahid group eyes total buyout of South Africa’s Barloworld
Zahid’s offer values Barloworld at ZAR 22.8 bn (USD 1.3 bn)
Alesayi Holding unveils SAR 2 bn Abraj Omar Hotel
The hotel is expected to be up and running by 2028
Wealthy Muslims + expats eye properties in Saudi Arabia
Makkah is the top choice, attracting 30% of prospective buyers
Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction
The acquisition will allow Ayen to integrate Elmawkaa’s materials marketplace into its platform
Mukaab + US-Saudi regional plans
Mukaab aims to house 400k residents across 18 neighborhoods
Even with falling sales and higher costs, cement companies’ bottom lines grew in 1H
Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027
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