Middle East Construction News
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2 Articles
Diriyah, July 31, 2026 – Diriyah Development Company announced the awarding of a SAR 2.728 billion contract for the development of the Waldorf Astoria mixed-use complex in Diriyah to a consortium of Hassan Allam Construction Saudi Arabia and Urbacon Saudi Arabia. This is part of Diriyah's plan to accelerate the project's implementation and attract luxury international hospitality brands. Jerry Inzerillo, CEO of Diriyah Development Company Group,…
Middle East Construction News
A US $4.1bn shariah-compliant Murabaha financing facility has been secured by Saudi Energy, the Kingdom’s primary electricity service provider. The facility was secured from a consortium of 7-leading Saudi banks. Saudi Energy said that the funding will be utilised for general corporate purposes, and will give it additional financial flexibility to support its ongoing operations, strategic initiatives and future business requirements. The financi…
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