SABIC returns to profit in Q1 2026 after major turnaround efforts
Prime Highlights- SABIC returned to profitability in the first quarter of 2026, posting a net profit after reporting a loss in the same period last year. The company’s recovery was…
Construction of Palm Jebel Ali villas moves ahead with major contracts
Prime Highlights- Nakheel has awarded $953 million in contracts for the construction of 544 villas on Palm Jebel Ali. Construction is set to begin this quarter, with completion targeted for…
Aldar Expands Industrial Portfolio with AED650 Million KEZAD Acquisition
Prime Highlights The three warehouses are 97% occupied by 80 tenants, with anchor names including DHL, Spinneys, and Noatum Logistics. The deal pushes Aldar's industrial and logistics portfolio beyond 700,000 sq m, with a…
Saudi Arabia Awards Landbridge Rail Design Contract
Prime Highlights Saudi Arabia awards Landbridge railway design contract to Sener. Project aims to boost trade and logistics under Vision 2030. Key Facts The Landbridge will span about 1,500 km…
Jumeirah Burj Al Arab to Undergo First Major 18-Month Restoration to Preserve Iconic Design
Prime Highlights- ⦁ Dubai’s Jumeirah Burj Al Arab will undergo its first major restoration since 1999 to preserve its architectural design and luxury standards. ⦁ The phased 18-month project will…
Saudi Arabia Crosses $400 Billion Industrial Investment Mark as Growth Gains Momentum
Prime Highlights: Saudi Arabia continues to expand its industrial sector with strong investment growth. The government focuses on building a global industry and logistics hub through long-term strategies. Key Facts:…
Volvo CE Starts Production of Large Electric Haulers
Prime Highlights Volvo CE becomes the first to mass-produce large electric articulated haulers. New machines support zero-emission construction and mining operations. Key Facts The A30 and A40 Electric have payloads…
Abu Dhabi Real Estate Market Surges with 160.7% Growth in Q1 2026
Prime Highlights- Abu Dhabi recorded AED 66 billion in real estate transactions in Q1 2026, marking a sharp 160.7% year-on-year increase. Strong demand across key locations and sustained financing activity…
Mira Developments Launches Richmond District in Dubai’s Al Furjan with Six-Tower Branded Community
Prime Highlights- Mira Developments has launched Richmond District in Dubai’s Al Furjan, introducing a six-tower branded residential project that combines homes, offices, and lifestyle spaces in one integrated community. The…
Saudi Intermaint Lands First Engineering Contract in Major Business Milestone
Prime Highlights Saudi Intermaint wins its first EPC contract for a cement mill project. The company completes a key plant upgrade stage at the Second Industrial City in Riyadh. Key…
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