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Saudi Arabia signs deal with firms to build new King Salman International Airport

Plans for the development of Riyadh’s future King Salman International Airport are proceeding apace. King Salman International Airport Development Company (KSIADC), the subsidiary of Saudi...

The Build Expo Exhibition Opens its Doors: All Industry Developments in 4 Days

The annual "Build Expo" exhibition returns, reinforcing its reputation as the premier event for the construction and building sector. Hosted at the Metropolitan Expo...

Saudi Arabia needs 115k new homes a year to meet 2030 homeownership target

Saudi Arabia will need to construct 115,000 new homes annually over the next six years to address the housing needs of its rapidly growing...

New York, Chicago among the world’s 2019 ‘construction mega cities’

The U.S. metros of New York City, Chicago, Los Angeles, Houston, Miami, Atlanta, Washington, D.C., Las Vegas, San Francisco and Boston, according to Information...

Saudi Arabia presents $134bn construction projects in Riyadh

Construction projects worth more $133.3bn (SAR500bn) in Saudi Arabia were presented to contractors at an event organised by Saudi Contractors Authority. The projects were showcased...

NEOM collaborates with ministries in achieving Vision 2030 goals

Saudi Arabia’s $500 billion giga-project NEOM has signed partnership agreements with the various ministries to improve investment opportunities and boost cooperation. NEOM has signed a...

Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry

A Hong Kong court has ordered indebted property developer China Evergrande Group to liquidate in a landmark ruling that could send ripples across the...

Global construction industry growth will remain sluggish in 2023

The global construction industry’s growth is forecast to remain sluggish in 2023, expanding by just 0.8%. Excluding China, the industry will contract by 0.1%,...

Mexico’s construction sector finally bounces back to pre-pandemic levels

Mexico’s construction sector has finally managed to overcome the negative effects of the COVID-19 pandemic, reporting its highest production value in three years. The latest...

Dubai’s Real Estate Market Thrives in 2024

Dubai’s real estate sector demonstrated strong growth in 2024, with increasing sales and rental prices across all property segments. The city’s strategic urban planning,...