Saudi Projects Issue 66

ISSUE 44

MAY 2026 / ISSUE 66

EMCOTECH INTEGRATED MEP FOR GIGA DEVELOPMENTS DAC GROUP ADVANCING PERFORMANCE

MAWANI SEA TO AIR LOGISTICS

DLR GROUP REDEFINES MADINAH LIVING

EDITOR'S Foreword 03

ENERGY, SUSTAINABILITY AND INFRASTRUCTURE FUEL SAUDI ARABIA’S NEXT CHAPTER AS SAUDI ARABIA ACCELERATES ITS TRANSFORMATION UNDER VISION 2030, THIS ISSUE OF SAUDI PROJECTS CAPTURES THE SCALE, AMBITION, AND COORDINATION SHAPING THE KINGDOM’S BUILT ENVIRONMENT AND INDUSTRIAL FUTURE. FROM GIGA-PROJECTS TO LOGISTICS CORRIDORS, AND FROM GOVERNANCE FRAMEWORKS TO ENGINEERING EXCELLENCE, THE NARRATIVE IS ONE OF INTEGRATION, RESILIENCE, AND FORWARD-THINKING DELIVERY. Our cover story spotlights EMCOTECH, a company quietly powering some of the Kingdom’s most complex developments. Its commitment to delivering coordinated, future-ready MEP systems reflects a broader industry shift toward intelligent infrastructure where efficiency, sustainability, and digital integration are no longer optional, but essential.

That theme of alignment and accountability continues in our feature with INFORMA, where clear risk allocation, transparency, and decisive leadership are identified as critical drivers of project success. In a market defined by scale and speed, these principles are proving foundational to consistent delivery.

Across the industrial sector, DAC Group is raising the bar in performance, safety, and execution, while BUNA Holding is strategically building a Saudi-focused portfolio that aligns with national priorities. Together, these stories highlight how local expertise and long-term vision are converging to strengthen the Kingdom’s construction ecosystem.

In logistics, the collaboration between DHL Supply Chain and Mawani on a sea-to-air corridor signals a new era of supply chain agility. Major energy milestones like Aramco’s Jafurah shale gas production and the Tanajib gas plant underscore Saudi Arabia’s continued leadership in global energy markets.

Our project focus turns to DLR Group’s master-planned, transit-oriented urban destination, a model for knowledge-driven development, alongside Buna Al Khaleej’s role in meeting surging construction demand. In parallel ALEC’s latest report reflects a maturing industry, with strong safety performance, responsible operations, and robust governance frameworks taking center stage post-listing.

Finally, we revisit the Kingdom’s giga-project momentum, with ROSHN Group and Red Sea Global continuing to redefine largescale development through innovation, sustainability, and community-centric design.

Together, these stories form a cohesive picture of a sector not just growing but evolving with purpose. .

Rod Millington EDITOR

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TEAM ANDREW HIRST BELINDA BREEZE EDDIE RAYNER ELLAINE MAE LOUIS RAYNER MARIA ARNOLD MUHAMMAD AHMED ROD MILLINGTON SAFFRON FOLEY WASEEM ASMAR

CONTACT saudiprojects@tpg.media www.saudiprojects.media

SOCIAL MEDIA

04 Contents

64

ARAMCO

ADVANCES GAS GROWTH MILESTONES FEATURES

44

40

DAC INDUSTRIAL CONSTRUCTION

INTELLIGENT AUTOMATION

32

56

COLLABORATIVE CONTRACTING

RESILIENT SUPPLY CHAINS

Contents 05

68

BUNA AL KHALEEJ

DELIVERING PROJECTS IN A BOOMING MARKET ALSO IN THIS ISSUE

74

96

ALEC 2025 ESG REPORT

NUMAJ ENTERS CONSTRUCTION PHASE

100

118

PORT OF NEOM DRIVES GLOBAL TRADE

MORROW DEFENCE SUPPLY CHAIN

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08 NEWS

VOLUNTEERING THAT DELIVERS IMPACT Bupa Arabia initiatives empower over

institutional frameworks that create

program, grounded in the values of care,

750 beneficiaries through partnerships

meaningful humanitarian impact for the most

commitment, and collaboration. The program

and employee participation.

vulnerable groups, while activating the role of

focuses on delivering tangible health and

Amid accelerating efforts to enhance

volunteerism and community partnerships in

humanitarian impact through a model

social responsibility and national solidarity,

building a vibrant and sustainable society.

that integrates volunteer work, community

Saudi institutions are increasingly adopting

In recent months, Bupa Arabia for

partnerships, and measurable outcomes, in

innovative operational models that support

Cooperative Insurance has launched a

alignment with the goals of Vision 2030 and

community initiatives across various sectors.

series of community initiatives as part of an

the Health Sector Transformation Program.

These efforts aim to establish integrated

integrated corporate social responsibility

READ FULL ARTICLE HERE

RED SEA GLOBAL AND MINISTRY OF INTERIOR SIGN MEMORANDUM OF UNDERSTANDING The agreement enhances coordination and aligns security strategies across Red Sea Global’s destinations.

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has signed a memorandum of understanding (MoU) with the Ministry of Interior at the Ministry’s headquarters in Riyadh.

The MoU was signed by Eng. Abdullah bin Nasser Al-Kathiri, Undersecretary of the Ministry of Interior for Security Capabilities, and John Pagano, Group CEO of Red Sea Global.

READ FULL ARTICLE HERE

NEWS 09

RCRC OPENS INVESTMENT OPPORTUNITIES FOR METRO STATIONS RCRC invites investors to participate in

being offered under long-term contracts with

RCRC will receive bids from interested

five flagship metro naming opportunities.

a 10-year duration. RCRC has invited local

companies through the “Furas” platform

The Royal Commission for Riyadh City

and international private-sector investors

from Wednesday, 8 April 2026 to Sunday

(RCRC) has announced the launch of an

to participate in this opportunity, which is

10 May 2026. Following the submission

investment auction for the naming rights of

governed by strict regulations and standards

period, applications will be reviewed,

five Riyadh Metro key stations: Al-Murooj,

comparable to those applied in major

the winning bids announced, and

An-Nuzhah, King Fahd District 1, Al-Rabi, and

public transit systems around the world.

the relevant contracts awarded.

Jarir District. This initial group of stations is

Bids from interested companies ends 10 May READ FULL ARTICLE HERE

SAUDIA CARGO STRENGTHENS PHARMA LOGISTICS New SFDA partnership ensures

Saudi Food and Drug Authority (SFDA). This

offering significant facilities and a price

resilient medical supply chains with

initiative aims to enhance the supply chains

reduction of up to 50% on shipping costs.

significant air freight incentives.

for pharmaceutical shipments and medical

Saudia Cargo, the leading national air cargo

supplies, aligning with the Kingdom’s national

carrier in the Kingdom, today announced

objectives to ensure the continuous flow of

the launch of a strategic initiative with the

essential shipments. The initiative includes

READ FULL ARTICLE HERE

10 PIF News

EXPANDING GLOBAL ACCESS TO SAUDI EQUITIES PIF anchors State Street ETF to broaden

of the State Street Saudi Arabia Enhanced

SAQL has its primary listing on the Xetra

international investor participation.

Active Equity UCITS ETF (Ticker: SAQL) with PIF

exchange in Germany and is cross listed

PIF and State Street Investment Management

as anchor investor. The fund actively invests in

on the LSE in the United Kingdom, where

(State Street IM), one of the world’s largest

equities of companies in Saudi Arabia using a

a bell ringing ceremony was held.

asset managers, today announced the launch

quantitative multi-factor stock selection model.

READ FULL ARTICLE HERE

PIF BOARD APPROVES 2026–2030 STRATEGY New phase chaired by Crown Prince advances

delivering competitive domestic ecosystems

phase of sustained value creation, with a

Saudi Arabia’s economic transformation.

to connect sectors, unlock the full potential

strengthened focus on maximizing impact,

The Board of Directors of PIF, chaired by

of strategic assets, maximize long-term

raising the efficiency of investments, and

His Royal Highness Prince Mohammed bin

returns, and continue to drive the economic

applying the highest standards of governance,

Salman bin Abdulaziz Al Saud, Crown Prince,

transformation of Saudi Arabia and further

transparency and institutional excellence.

Prime Minister and Chairman of the Board

enhance the quality of life of its citizens.

In addition, PIF will further enable the role

of Directors of PIF, has approved PIF’s 2026-

The 2026-2030 strategy marks a natural

of the private sector as an effective partner

2030 strategy, which is a continuation of PIF’s

evolution as PIF moves from a period of

for sustainable economic development.

long-term strategy. The strategy will focus on

rapid growth and acceleration to a new READ FULL ARTICLE HERE

PIF News 11

KING STREET, PIF UNLOCK PRIVATE CREDIT New multi-strategy fund expands private credit opportunities across Saudi Arabia and the wider MENA region.

King Street Capital Management, L.P., a leading global investment management firm (King Street), and PIF today announced the signing of a non-binding memorandum of understanding (MoU) for PIF to be an anchor investor in a new private credit fund focused on Saudi Arabia and the wider MENA region. The MoU was announced during FII PRIORITY Miami Summit 2026.

The fund seeks to provide private capital solutions to corporates and conduct asset-basedlending within Saudi Arabia and MENA, with the flexibility

READ FULL ARTICLE HERE

to capitalize on credit opportunities in public markets and select special situations.

PIF, KHC AGREE ON AL-HILAL MAJORITY STAKE Agreement reinforces PIF-led

of the top football clubs in Saudi Arabia and

development and diversification of Saudi

transformation with stronger governance,

Asia, based on an enterprise value of SAR 1.4

Arabia. PIF is unlocking opportunities to make

infrastructure, and value growth.

billion for the total share capital of Al-Hilal.

a transformative impact in the Saudi sports sector and deliver positive, long-term results.

PIF and Kingdom Holding Company (KHC)

The sale aligns with PIF’s strategy to

today signed a binding share sale and purchase

maximize returns and redeploy capital

agreement for KHC to acquire 70% of the share

within the domestic economy. This strategy

capital of Al-Hilal Club Company (Al-Hilal), one

supports PIF’s wider efforts to drive the

READ FULL ARTICLE HERE

12 Appointments

Abby Bekheit -Avantgarde Group Avantgarde Group has appointed Abby

for global brands, combining operational

Bekheit as Managing Director, marking

rigor with creative execution. In her new

a strategic move to strengthen its

role, she will oversee regional operations,

leadership footprint in the Middle East.

drive growth strategies, and deepen client engagement across key markets.

Abby brings over two decades of experience

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in project management, brand experiences,

Her appointment reflects Avantgarde’s

and large-scale event delivery, with a proven

commitment to innovation and excellence,

track record of leading multidisciplinary

as the company continues to expand

teams across complex environments.

its presence and capabilities across the Kingdom and wider region.

A certified PMP professional, she has consistently delivered high-impact campaigns

Haithem Alfaraj - Neo Space Group Neo Space Group (NSG) has appointed

role, he will lead NSG’s growth strategy,

Haithem Alfaraj as Chief Executive

oversee the development of advanced

Officer, marking a significant step in

satellite and space solutions, and strengthen

advancing Saudi Arabia’s ambitions

partnerships across international markets.

within the global space sector.

His leadership is expected to play a pivotal

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Haithem brings extensive experience

role in positioning NSG as a key enabler of

in technology, aerospace, and strategic

the Kingdom’s space economy, supporting

leadership, with a strong track record of

national priorities in connectivity, data,

building high-performance teams and

and technological advancement.

scaling innovative ventures. In his new

Mark Wouters - The Chedi Hegra The Chedi Hegra has welcomed Mark

brand positioning in competitive markets.

Wouters as General Manager, bringing seasoned leadership to one of the Kingdom’s

At The Chedi Hegra, he will oversee pre-

most distinctive luxury destinations.

opening and operational strategies, ensuring the property reflects both world-class

Mark has an extensive background in high-

standards and the cultural heritage of AlUla.

end hospitality, having held senior roles

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across internationally renowned hotel

His appointment aligns with Saudi Arabia’s

brands. Known for delivering exceptional

broader tourism ambitions, as the Kingdom

guest experiences and operational

continues to develop unique, experience-led

excellence, he has consistently elevated

destinations that attract global travelers.

Appointments 13

Mick Satsangi - Dulsco Environment Dulsco Environment has appointed Mick

In his new role, he will steer Dulsco

Satsangi as Chief Executive Officer, signaling

Environment’s strategic direction,

a renewed focus on sustainability-led growth.

accelerate digitalization, and expand its sustainability solutions across the region.

Mick brings a wealth of leadership experience

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in environmental services, circular economy

His appointment comes at a critical time

strategies, and large-scale operational

as demand for integrated environmental

transformation. Known for driving innovation

services continues to grow, particularly in

in waste management and resource recovery,

Saudi Arabia, where sustainability is central

he has led initiatives that align commercial

to national development agendas.

success with environmental responsibility.

Eric Beranger-Fenouillet - Bain & Company

CONNECT ON LINKEDIN

Bain & Company has named Eric Beranger-

Vision 2030 initiatives and major national

Fenouillet as its Middle East Managing

transformation programs. In his new position,

Partner, reinforcing its leadership team

he will lead the firm’s regional strategy, talent

amid sustained regional growth.

development, and client engagement efforts.

With extensive experience advising

His appointment underscores Bain’s

governments, sovereign wealth funds, and

continued investment in the Middle East,

leading corporations, Eric is recognized for

positioning the firm to capitalize on emerging

his expertise in strategy, transformation,

opportunities across sectors including energy,

and performance improvement.

infrastructure, and digital innovation..

He has played a pivotal role in expanding Bain’s footprint across the Gulf, supporting

Ahmed Al Shamsi - Trojan Construction Group Ahmed Al Shamsi has been appointed

role in delivering major projects across

Group Chief Executive Officer of

the UAE and international markets.

Trojan Construction Group, one of the region’s largest construction and

Al Shamsi brings more than 25 years

infrastructure organizations.

of executive leadership experience spanning construction, infrastructure,

Based in Abu Dhabi and part of Alpha Dhabi Holding, the group plays a pivotal CONNECT ON LINKEDIN

oil and gas, and industrial sectors.

14 COVER STORY - EMCOTECH ARABIA LIMITED

INTEGRATING MEP FOR SAUDI GIGA PROJECTS HOW EMCOTECH IS DELIVERING COORDINATED, FUTURE-READY SYSTEMS ACROSS THE KINGDOM’S LANDMARK DEVELOPMENTS.

COVER STORY - EMCOTECH ARABIA LIMITED 15

16

COVER STORY - EMCOTECH ARABIA LIMITED

A

s Saudi Arabia accelerates one of the

engineering that determines how these

ENGINEERING THE BACKBONE

world’s most ambitious construction

assets perform. Mechanical, electrical, and

OF GIGA PROJECTS

pipelines, the focus is often drawn to

plumbing (MEP) systems have become

Saudi Arabia’s giga-projects, aligned with Saudi

iconic architecture and transformative

central to delivering efficiency, sustainability,

Vision 2030 are redefining the expectations

masterplans. Yet behind every landmark

and long-term value, particularly across

placed on infrastructure. These developments

development lies a sophisticated layer of

the Kingdom’s giga-project landscape.

demand not only scale but precision,

As CEO Eng. Sherif Farag explains: “Every challenge is an opportunity to deliver excellence.”

sustainability, and seamless integration At the center of this transformation is

across multiple systems and disciplines.

EMCOTECH, a specialist MEP contractor supporting complex developments with

EMCOTECH has positioned itself to meet these

integrated, performance-driven delivery.

demands through a comprehensive service

COVER STORY - EMCOTECH ARABIA LIMITED

17

The company’s clientcentric approach is central to this model. As Sherif Farag notes: “We work closely with our clients to ensure their unique needs are met.” offering that spans design, engineering, installation, and maintenance. With

operations across the Middle East since 2003

This methodology enhances coordination,

and a strong Saudi presence since 2012, the

improves accuracy, and ensures that all

company brings both regional experience

systems function as a cohesive whole. It

and technical depth to high-profile projects.

also enables tighter control over timelines and budgets which is critical in fast-

This philosophy underpins EMCOTECH’s

paced, large-scale developments.

approach to complex developments, where adaptability and precision are essential.

By aligning engineering delivery with project objectives, EMCOTECH ensures that MEP

A HOLISTIC APPROACH TO MEP DELIVERY

systems contribute directly to operational

In giga-project environments, fragmented

performance and user experience.

engineering approaches can lead to inefficiencies, delays, and costly rework.

NAVIGATING COMPLEXITY AT SCALE

EMCOTECH addresses this by adopting a

Giga-projects introduce a unique set of

fully integrated MEP delivery model treating

challenges, from vast construction footprints

mechanical, electrical, and plumbing systems

to multi-stakeholder coordination and

as a unified scope from concept to completion.

demanding schedules. MEP contractors

Delivering fully coordinated MEP for complex giga developments

must manage logistics, sequencing, and integration while maintaining strict adherence to quality and safety standards.

EMCOTECH’s experience across sectors including district cooling,

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COVER STORY - EMCOTECH ARABIA LIMITED

healthcare, hospitality, residential, and

highlight the company’s ability to

are becoming essential to successful delivery.

infrastructure enables it to adapt to

deliver full-scope MEP solutions across

EMCOTECH leverages technologies such

these challenges with confidence.

complex, high-profile developments.

as Building Information Modeling (BIM) to enhance coordination and reduce clashes

Recent projects such as Sumou Tower

From high-rise systems to large-scale

in Jeddah and Sumou Gate in Madinah

infrastructure, EMCOTECH’s teams

Digital engineering driving efficiency, accuracy, and performance

during the design and construction phases.

focus on proactive coordination and

Beyond BIM, the integration of advanced

meticulous planning to maintain project

monitoring and smart systems supports

momentum and minimize risk.

long-term operational performance, ensuring that assets remain efficient

DIGITAL ENGINEERING DRIVING PRECISION As project complexity increases, digital tools

and resilient well beyond handover.

COVER STORY - EMCOTECH ARABIA LIMITED

Sherif Farag reinforces this perspective: “Every client is a valued partner.”

that align with client goals, enhance asset

In a market defined by scale, speed,

performance, and support lifecycle efficiency.

and complexity, EMCOTECH’s ability to integrate disciplines, leverage technology,

SUPPORTING THE KINGDOM’S FUTURE

and maintain a client-first mindset

As Saudi Arabia continues to advance

underscores its role as a trusted partner

its Vision 2030 agenda, the importance This commitment to innovation is embedded

of integrated engineering solutions will

in the company’s broader mission to

only grow. MEP systems are no longer

integrate advanced technologies and

secondary considerations, they are

sustainable practices into every project.

fundamental to achieving sustainability

Aligning engineering delivery with Vision 2030 goals

targets, enabling smart infrastructure, DELIVERING VALUE THROUGH PARTNERSHIP

19

and ensuring operational excellence.

In today’s construction landscape, success

EMCOTECH ARABIA LIMITED future. in Saudi Arabia’s construction

is defined not only by delivery but by

EMCOTECH’s focus on quality, innovation,

+966 12 658 6686

long-term value creation. EMCOTECH’s

and integrated delivery positions it as a

WHATSAPP +966 56 300 4409

emphasis on collaboration and

key contributor to this evolving landscape.

relationship-building reflects this shift.

By delivering the systems that power and sustain giga-projects, the company is

This partnership-driven approach enables

helping to transform ambitious concepts

EMCOTECH to deliver tailored solutions

into high-performing realities.

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22 INDUSTRY SECTOR - FRASER&CO.

CONFLICT, CONTRACTS AND CONSTRUCTION RISK THE LEGAL RAMIFICATIONS OF THE GULF’S STRAITENED CIRCUMSTANCES.

INDUSTRY SECTOR - FRASER&CO. 23

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INDUSTRY SECTOR - FRASER&CO.

T

he conflict in the Middle East, following the targeted military strikes initiated

by the United States and Israel against Iranian military and nuclear facilities, has entered its eighth week with Iranian retaliation affecting airports, desalination plants, ports and energy infrastructure, not to mention residential areas, across the Gulf Cooperation Council (“GCC”). The Strait of Hormuz, through which approximately 20% of global oil and liquefied natural gas transits, has effectively been closed to commercial shipping since early March. Unsurprisingly, force majeure has been invoked in energy and commodity contracts across the region, so what is the impact on the construction sector where the consequences can be severe? In the following discussion, the contractual and regulatory frameworks in Saudi Arabia are examined.

FORCE MAJEURE AND EXCEPTIONAL CIRCUMSTANCES DISTINGUISHED Parties operating in the oil and gas, construction, logistics and shipping arenas must consider whether the relevant contractual threshold for invoking force majeure has been met.

THE KEY CONSIDERATIONS ARE USUALLY: 

Does the force majeure provision cover war, hostilities or government intervention?



Has performance actually been prevented or is it simply more difficult or expensive to perform?

 What is the position with regard to compliance with notice requirements? 

Has the affected party taken the requisite mitigatory steps?

 What is the remedy, extension of time, suspension, termination or cost/price adjustment?

In respect of the above, the importance of compliance with notices cannot be overstated and the distinction between force majeure (impossibility) and hardship/exceptional circumstances (excessive onerousness) involves materially different consequences.

THE CONTRACTUAL AND LEGAL FRAMEWORK Most construction contracts in the Middle

INDUSTRY SECTOR - FRASER&CO.

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The Strait of Hormuz, through which approximately 20% of global oil and liquefied natural gas transits, has effectively been closed to commercial shipping since early March.

East are based on the FIDIC model but a notable exception is public sector contracts in Saudi Arabia which are governed by the Government Tenders and Procurement Law (“GTPL”). By way of example, under Clause 18 of the 2017 Edition of FIDIC force majeure or an Exceptional Event must satisfy four tests, namely the event must be: 

An event occurring beyond the reasonable control of the affected party

 An event which could not reasonably have been foreseen at the time of contract formation  An event which could not reasonably have been avoided or overcome by the exercise of due diligence  An event not substantially attributable to the acts or omissions of the other contracting party War and hostilities are expressly specified as qualifying events, irrespective of whether war is actually declared.

In Saudi Arabia, force majeure is addressed in Article 110 of the Civil Transactions Law (“CTL”) which provides that if performance becomes impossible for a reason beyond the affected party’s control, the obligation and the corresponding obligation are extinguished and the contract is automatically terminated by operation of law. In the event of partial impossibility, it is the affected part which is extinguished.

Article 125 of the CTL provides that a person is not liable for harm caused by events beyond its control, such as force majeure, unless otherwise agreed.

26

INDUSTRY SECTOR - FRASER&CO.

Article 97 of the CTL addresses Exceptional Circumstances in providing that where extraordinary events, unforeseeable at the time of contracting, make performance excessively onerous to threaten heavy losses, the affected party may invite the other party to renegotiate without undue delay. If renegotiation fails, it would be open to a court to reduce the obligation to a reasonable level. Parties cannot contract out of Article 97 as it is mandatory.

The affected party cannot unilaterally suspend performance while invoking this provision.

Article 471 (3) of the CTL is particularly relevant to construction contracts. Where exceptional circumstances of a general character disrupt the contractual balance and undermine the basis of the financial estimate, a court may order restoration of the contractual balance, including an extension of the period, increasing or decreasing the contract sum or ordering termination. Unlike Article 97, this provision does not require the affected party to attempt negotiation first, but mandatory language is not incorporated so its operation can be excluded by agreement.

Article 174 of the CTL provides that force majeure is not a mandatory rule of public policy. It is, therefore, open to the parties to agree that the effects of force majeure will be borne by the affected party. Where the contract incorporates a force majeure clause, the clause takes precedence.

As indicated above, public sector contracts in Saudi Arabia are governed by the GTPL rather than the FIDIC model. The GTPL contains its own risk allocation and force majeure framework so the parties should take time to familiarise themselves with the specific provisions of the GTPL. EXTENSION OF TIME AND LIQUIDATED DAMAGES If the conflict causes unavoidable delay, contractors should be entitled to an extension of time which protects against the levying of liquidated damages. As indicated above, under Article 471 (3) of the CTL, a court

INDUSTRY SECTOR - FRASER&CO.

27

CONCLUDING REMARKS The Iran conflict is the most significant geopolitical disruption to business in the Gulf since the pandemic. Impact in terms of delay, cost, insurance, labour and financing is unprecedented. Force majeure provisions will be a first port of call but parties should not lose sight of exceptional circumstance provisions, extension of time, disruption and change in law relief. The contractual and legal framework in Saudi Arabia can provide relief but parties must comply with the contractual machinery and distinguish between impossibility and excessive onerousness.

Mark Fraser is the founder and principal of Fraser & Co, a specialist legal advisory firm focused on construction, infrastructure, energy and complex commercial projects across the Middle East. With extensive experience advising developers, contractors and international stakeholders, he regularly provides strategic counsel on contractual risk, force majeure, dispute avoidance and regulatory frameworks in the region. In this article, Mark offers insight into the legal ramifications of the current Middle East conflict and its implications for projects operating in an increasingly constrained environment.

MARK FRASER, FOUNDER AND PRINCIPAL OF FRASER&CO.

may order an extension of time to restore

terms and conditions to gauge the impact

the contractual balance. Article 179 of the

but some redress may be afforded by Article

CTL empowers a court to reduce liquidated

471 (3) of the CTL which empowers a court to

damages if the rate is unreasonable or if the

order an increase or decrease in the contract

contractual obligation has been partially

price where exceptional circumstances have

fulfilled. That said, failure to comply with

undermined the basis of the financial estimate.

conditions precedent requiring timely and particulars- compliant notices could prejudice

CHANGE IN LAW

entitlement to an extension of time, leaving

During and in response to hostilities,

exposure to liquidated damages in place.

government directives such as airport closures

Article 179 of the CTL empowers a court to reduce liquidated damages if the rate is unreasonable or if the contractual obligation has been partially fulfilled.

and safety protocols may constitute a change DISRUPTION TO THE SUPPLY

in law with time and money entitlement for

FRASER&CO.

CHAIN AND COST ESCALATION

an affected party (while force majeure only

+971 50 655 4916

Given the drop in shipping traffic through the

provides entitlement to time). Parties should,

Strait of Hormuz, supply and prices of critical

however, be alive to restrictions in some public

materials such as steel, cement, concrete,

sector contracts which restrict change in law

aluminium and gases have been materially

entitlement to legislative changes only, thereby

affected. Parties will have to revisit their

excluding executory or regulatory measures.

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28

INDUSTRY SECTOR - MASTER BUILDERS SOLUTIONS

MASTER BUILDERS TO ACQUIRE ARKAZ DEFINITIVE AGREEMENT WITH ALTURKI HOLDING STRENGTHENS CONSTRUCTION CHEMICALS PORTFOLIO.

INDUSTRY SECTOR - MASTER BUILDERS SOLUTIONS

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INDUSTRY SECTOR - MASTER BUILDERS SOLUTIONS

M

aster Builders Solutions, a global leader in advanced chemical solutions for

the construction industry has announced the definitive agreement to acquire Arkaz Al Sharq Building Materials (Arkaz) from Alturki Holding.

Arkaz is a well‑established Saudi Arabian construction chemicals company specializing in concrete admixtures, waterproofing and building products. The official signing took place in January 2026. The completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approval from the General Authority for Competition (GAC) and the Ministry of Foreign Investment in the Kingdom of Saudi Arabia. Financial details of the investment were not disclosed.

“Saudi Arabia’s construction sector presents one of the most promising growth landscapes in the world today,” said Boris Gorella, CEO of Master Builders Solutions. “By bringing Arkaz into the Master Builders Solutions group, we are positioning ourselves at the heart of future demand and laying the foundation for long‑term success in a market with immense strategic importance. Our strategic focus is driving innovation and

“Our investment in Arkaz reflects our

capabilities and deepen our commitment

customer value. The addition of Arkaz to the

confidence in both the company and

to fostering growth in one of the world’s

Master Builders Solutions group leverages

the broader prospects of the Saudi

most dynamic building environments.”

our world-class innovation capabilities to

construction market,” said Karsten Eller,

accelerate growth and set new benchmarks

COO of Master Builders Solutions. “This

Master Builders Solutions is a leading global

for sustainable solutions across the region”

acquisition will strengthen our operational

manufacturer of concrete admixtures,

Key strategic drivers include access to

“Saudi Arabia’s construction sector presents one of the most promising growth landscapes in the world today,” said Boris Gorella, CEO of Master Builders Solutions. “By bringing Arkaz into the Master Builders Solutions group, we are positioning ourselves at the heart of future demand and laying the foundation for long‑term success in a market with immense strategic importance. Our strategic focus is driving innovation and customer value. The addition of Arkaz to the Master Builders Solutions group leverages our world-class innovation capabilities to accelerate growth and set new benchmarks for sustainable solutions across the region”

Arkaz’s local expertise and established network, which strengthen Master Builders Solutions’ ability to serve customers across the Kingdom and provides a strategic hub for expansion into other markets across Middle East. The combination of Master Builders Solutions and Arkaz will enable the group to serve customers in the region with high-performance admixtures to tackle rising demand for advanced and sustainable building solutions, as well as complementary products to support the development of giga-projects, infrastructure, and residential developments under Vision 2030.

INDUSTRY SECTOR - MASTER BUILDERS SOLUTIONS

31

KARSTEN ELLER, COO OF MASTER BUILDERS SOLUTIONS

“Our investment in Arkaz reflects our confidence in both the company and the broader prospects of the Saudi construction market,” said Karsten Eller, COO of Master Builders Solutions. “This acquisition will strengthen our operational capabilities and deepen our commitment to fostering growth in one of the world’s most dynamic building environments.” underground construction products,

Inspiring people to build better, the company

the performance of construction materials

and other innovative solutions for the

provides value-added technologies and

and reduce CO₂ emissions in concrete

construction industry. Driven by its vision,

market-leading R&D capabilities to enhance

production. Founded in 1909, Master Builders Solutions employs ca. 1,900 people and operates 43 production sites worldwide.

Master Builders Solutions is committed to supporting customers in overcoming today’s construction challenges for a decarbonized future.

MASTER BUILDERS SOLUTIONS +966 12 658 6686 VISIT WEBSITE BORIS GORELLA, CEO OF MASTER BUILDERS SOLUTIONS

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INDUSTRY SECTOR - INFORMA

SUCCESS THROUGH COLLABORATIVE CONTRACTING CLEAR RISK ALLOCATION, TRANSPARENCY AND LEADERSHIP DRIVE PROJECT SUCCESS.

INDUSTRY SECTOR - INFORMA

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INDUSTRY SECTOR - INFORMA

chieving success in construction projects requires a combination

of effective planning, collaboration, and leadership. One of the most critical aspects is clear risk allocation. Defining risks upfront is essential to avoid disputes and ensure smooth project execution. Contracts like the NEC (New Engineering Contract) emphasize collaborative risk management through mechanisms such as early warning notices (EWNs) and risk registers. Misunderstood risk allocation often leads to disputes and delays, making it vital to establish clarity from the outset.

Alongside this, effective contract administration plays a pivotal role. Proper management of contract mechanisms is critical for project success. NEC contracts, for instance, require detailed record-keeping and proactive administration. However, the administrative burden of such contracts is often underestimated, which can lead to inefficiencies. Ensuring that all parties understand their contractual obligations is key to avoiding unnecessary complications.

Transparency in commercial management is another cornerstone of successful projects.

Transparency in cost management builds trust between parties and prevents suspicion.

Defined costs must be properly recorded,

Transparency in costs builds trust between stakeholders

open to audits, and clearly understood by

to facilitate proactive risk management.

all stakeholders. Without transparency,

Failure to use these tools often accelerates

contractors may fear unrecovered costs,

disputes, making early identification and

while employers may suspect inflated claims,

resolution a cornerstone of successful

leading to a breakdown in trust. Constructive

project management. Strong leadership

communication between parties is equally

in contract management is also essential

is also important, as adjudication is a fast

essential to resolving issues before they

for transforming potential disputes into

dispute resolution method, particularly

escalate. NEC contracts promote collaboration

manageable challenges, ensuring all parties

in the UK, where it is supported by

through tools like EWNs and risk registers,

remain focused on collaborative problem-

statutory rights under the Housing Grants,

encouraging open dialogue and mutual trust.

solving rather than adversarial behavior.

Construction and Regeneration Act 1996.

Early identification of issues is crucial to

Proper management of compensation

quickly, it can also strain relationships, making

mitigating them effectively. NEC mechanisms

events under NEC Clause 60 is another vital

it a last resort rather than a first option.

like EWNs and risk registers are designed

consideration. Key aspects include changes

While adjudication can resolve disputes

Clear risk allocation prevents disputes and delays

to works information, employer risk events,

Maintaining contemporary records is a

and delays not caused by the contractor.

fundamental practice that supports claims

Effective compensation event management

and dispute resolution. In disputes, the party

maintains commercial trust and helps keep

with the best records often prevails. Writing

projects on track. Adjudication preparedness

everything down and maintaining accurate

INDUSTRY SECTOR - INFORMA

35

documentation ensures that all parties are

In conclusion, the success of construction

prepared for any potential disagreements.

projects depends on the effective application of these principles. By fostering collaboration,

Finally, collaborative contracting frameworks,

ensuring transparency, and leveraging strong

such as those promoted by NEC contracts,

leadership, construction professionals can

encourage cooperation over adversarial

navigate challenges and achieve project

behavior. Mechanisms like pain-gain share

goals. Legal knowledge, combined with

and transparent cost accounting foster mutual

commercial and behavioral leadership, is

trust. While no contract is perfect, NEC’s

essential for creating a more efficient and

structure compels parties to work together,

collaborative construction industry.

often leading to more successful outcomes.

SOURCES: Construction projects: Expert Case Study: SOURCE WEBSITE LINK

10 Essentials for Successful Construction Projects: SOURCE WEBSITE LINK

INFORMA

VISIT WEBSITE ABIOLA ADERIBIGBE

36

INDUSTRY SECTOR - RHEEM MIDDLE EAST

RHEEM UNVEILS SMART HVAC INNOVATIONS ADVANCED WATER HEATING AND COOLING SOLUTIONS DESIGNED FOR EFFICIENCY, SUSTAINABILITY, AND GULF CLIMATES.

INDUSTRY SECTOR - RHEEM MIDDLE EAST

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INDUSTRY SECTOR - RHEEM MIDDLE EAST

heem, a global leader in HVACR

for developers and homeowners. With a

but also ensures quieter performance

and water heating solutions, has

Coefficient of Performance (COP) of up

and extended product lifespan compared

introduced two advanced product lines to

to 3.86 and a low power consumption

to traditional fixed-speed systems.

the Middle East and Africa (MEA) market:

of just 430 watts, the unit achieves high

the Odin Plus Hybrid Heat Pump Water

output with minimal energy input.

Heater and the Century Comfort Ducted

The unit is also PV-ready and compatible with solar energy systems, supporting further

Inverter Series. Designed to meet the region’s

Equipped with a Direct Current (DC) inverter

reductions in energy use. Integrated Wi-Fi and

growing demand for energy-efficient and

compressor and inverter fans, the system

Rheem’s EcoNet® Smart Monitoring System

environmentally responsible systems,

continuously adjusts its operation to match

allow users to control settings remotely, receive

these innovations combine performance,

demand. This not only enhances efficiency

alerts, and monitor performance in real time.

reliability, and intelligent technology.

The Odin Plus Hybrid Heat Pump Water Heater is engineered for optimal efficiency, utilizing heat from ambient air to warm water. This approach significantly reduces energy consumption, delivering both immediate and long-term cost savings

Samer Bachour, General Manager of Rheem Middle East and Africa, emphasized the company’s commitment to balancing performance with sustainability: “Our new solutions are designed to meet the region’s evolving needs, delivering reliable performance while advancing energy efficiency and environmental responsibility.”

INDUSTRY SECTOR - RHEEM MIDDLE EAST

39

In addition, the system is BMS-ready, enabling seamless integration into centralized building management systems via Modbus RS485.

Durability is reinforced through the use of magnesium and titanium anodes for corrosion protection, alongside a backup heating element to ensure consistent hot water supply.

Complementing this launch is the Century Comfort Ducted Inverter Series, a highperformance cooling solution tailored for the Gulf’s demanding climate conditions. Featuring intelligent controls, the system automatically detects room requirements and adjusts compressor speed to maintain consistent temperature and humidity levels. This results in

SAMER BACHOUR - GENERAL MANAGER AT RHEEM MEA

improved comfort while significantly lowering

Samer Bachour, General Manager of Rheem

energy consumption and operating costs.

Middle East and Africa, emphasized the company’s commitment to balancing

The system is designed to operate efficiently

performance with sustainability: “Our

in both high and low ambient temperatures,

new solutions are designed to meet the

ensuring uninterrupted performance even

region’s evolving needs, delivering reliable

in extreme weather. Reduced vibration and

performance while advancing energy

noise levels enhance user comfort, while

efficiency and environmental responsibility.”

built-in safety features, including highand low-pressure controls and multiple

Aligned with Rheem’s 2035 sustainability goals,

sensors ensure reliable operation.

including a 30% reduction in greenhouse gas emissions intensity across product

With high EER and CSPF ratings across

lifecycles, the new product range reflects a

T1 and T3 conditions, and the use of R32

forward-thinking approach to innovation.

refrigerant, the system delivers superior energy

Backed by more than a century of expertise,

efficiency with lower environmental impact

Rheem continues to develop solutions

compared to conventional refrigerants.

that enhance comfort while supporting a more sustainable built environment.

Smart monitoring enables remote control and real-time system insights RHEEM MIDDLE EAST

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40

INDUSTRY SECTOR - PRECAST GROUP

PRECAST GROUP ENABLING INTELLIGENT AUTOMATION ACROSS INDUSTRIES DRIVING DIGITAL TRANSFORMATION, SCADA EXCELLENCE, AND MISSION-CRITICAL AUTOMATION IN THE MENA REGION.

INDUSTRY SECTOR - PRECAST GROUP

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INDUSTRY SECTOR - PRECAST GROUP

P

recast Group has established itself

infrastructure and industrialoperations.

SMART CITIES AND INTELLIGENT

as strategic enabler of industrial

These include: Remote Terminal Units

INFRASTRUCTURE

automation and digital transformation across

(RTUs) for real-time field data acquisition

Precast plays a key role in advancing smart

the Middle East and North African region.

Advanced SCADA and control systems

city initiatives across the region. Its solutions

Headquartered in Dubai, the company



delivers advanced, scalable solutions that combine deep SCADA expertise with emerging technologies such as IoT, AI, and



real-time data platforms - empowering



organizations to operate with greater

Irrigation and environmental

integrate field devices, communication

automation systems Fault-tolerant

networks, and centralized control systems to

and high-availability architectures

create connected, intelligent urban ecosystems.

Industrial cybersecurity frameworks Enterprise-level digital

From utilities and transport systems to

transformation platforms

public services, Precast enables cities to

efficiency, resilience, and intelligence.

operate more efficiently and sustainably. By Through its SCADA Center of Excellence,

leveraging automation and real-time analytics,

With a diversified, multi-sector portfolio,

Precast delivers fully integrated systems

the company supports the development of

Precast goes beyond conventional

that enable real-time monitoring, predictive

resilient, future-ready infrastructure aligned

automation. Its approach integrates industrial

maintenance, and operational control. This

with national digital transformation agendas.

systems, digital platforms, and domain-

approach allows clients to reduce downtime,

specific expertise to help organizations

enhance productivity, and ensure system

MANUFACTURING AND INDUSTRIAL

modernize operations, optimize assets,

reliability across diverse applications.

PROCESS OPTIMIZATION SYSTEMS

and respond effectively to increasingly complex and data-driven environments.

In the manufacturing sector, Precast delivers Digital transformation plays a central role,

end-to-end automation solutions that

with capabilities such as smart manufacturing,

transform production environments into highly

CORE AUTOMATION AND DIGITAL SOLUTIONS

digital twins, and enterprise asset

efficient, digitally synchronized operations.

FOR MISSION-CRITICAL OPERATIONS

management systems helping organizations



At the heart of Precast’s offering is a

transition toward data-driven decision-

Its “Digital Factory” approach connects

comprehensive suite of automation

making and automation-led growth.

manufacturing execution systems (MES)

technologies designed to support critical

with enterprise processes, creating a unified

INDUSTRY SECTOR - PRECAST GROUP

43

Kamal Diab, Managing Director: “The future of industrial operations lies in convergence -where SCADA, digital platforms, and realtime data come together seamlessly. At Precast Group, we are committed to leading this transformation, through technology, expertise, and long-term partnerships, across the region, enabling our clients to move from reactive operations to predictive, data-driven performance.” and responsive production ecosystem.

Automation in this sector focuses on eliminating downtime, improving throughput, and enhancing quality control.

By integrating hardware, software, and analytics, Precast enables manufacturers KAMAL DIAB, MANAGING DIRECTOR

to achieve operational excellence while adapting to evolving market demands.

Oil & Gas: Enhancing operational

(IT), Precast enables organizations to unlock

safety, uptime, and process efficiency

new levels of efficiency, agility, and long-term

in high-risk environments

value. Its solutions are designed not only to

Healthcare: Leveraging AI-driven systems

meet current operational needs but to scale

extend into water management and

and CMMS platforms to optimize facility

with future demands. With a strong foundation

irrigation systems, where sustainability

management and operational workflows

in SCADA and a forward-looking vision for

 WATER, IRRIGATION, AND ENVIRONMENTAL SUSTAINABILITY Precast’s advanced automation solutions

and efficiency are critical. The company



Food & Beverage: Ensuring

digital transformation,, the company continues

designs and deploys intelligent irrigation

production consistency, quality

to play a pivotal role in shaping the future of

solutions, including centralized controllers

control, and compliance with

intelligent automation across the region.

and decoder-based networks, to optimize

stringent industry standards

water usage across diverse landscapes.



Across all sectors, cybersecurity remains a critical focus, with integrated solutions

In water and wastewater management,

designed to safeguard industrial systems, data,

its systems provide reliable monitoring

and infrastructure from evolving threats.

and control, ensuring efficient resource

PRECAST GROUP

utilization and compliance with environmental

A HOLISTIC, FUTURE-READY APPROACH

+966 56 565 9985

standards. These solutions are particularly

What sets Precast apart is its holistic approach

+971 4 204 5344

relevant in arid regions, where water

to automation - delivering not just systems,

conservation is a strategic priority.

but integrated ecosystems that connect operations, data, and decision-making.

SPECIALIZED INDUSTRY APPLICATIONS Precast extends its expertise to a

By bridging the gap between operational

range of specialized sectors:

technology (OT) and information technology

VISIT WEBSITE EMAIL US

44

INDUSTRY SECTOR - DAC GROUP

RAISING INDUSTRIAL CONSTRUCTION QUALITY STANDARDS HOW DAC GROUP IS ADVANCING PERFORMANCE, SAFETY, AND DELIVERY EXCELLENCE ACROSS SAUDI ARABIA’S INDUSTRIAL SECTOR.

INDUSTRY SECTOR - DAC GROUP

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INDUSTRY SECTOR - DAC GROUP

audi Arabia’s industrial construction

demanding projects while maintaining strict

Safety remains another critical priority.

sector is expanding at an

adherence to international quality benchmarks.

As projects grow in scale and complexity,

unprecedented pace, fueled by ambitious

ensuring robust health and safety practices

infrastructure programs and the transformative

ITS INTEGRATED SERVICE MODEL COVERING

across diverse worksites becomes

goals of Vision 2030. As demand accelerates,

design, procurement, construction, and

increasingly demanding. At the same time,

so too does the need for consistent, high-

commissioning enables DAC Group to maintain

the sector is under pressure to improve

quality project delivery. Within this evolving

control over quality throughout the project

productivity while reducing costs, an

landscape, DAC Group has positioned itself

lifecycle. This end-to-end approach reduces

equation that requires smarter processes

as a key contributor to raising standards

fragmentation, improves coordination, and

rather than simply more resources.

across industrial construction, combining

ensures that standards are consistently

engineering expertise with a disciplined

applied from concept through completion.

approach to quality, safety, and innovation.

DAC Group recognizes these challenges not as obstacles, but as opportunities to

ADDRESSING INDUSTRY-WIDE CHALLENGES

lead industry-wide improvements.

A STRONG FOUNDATION IN

Despite significant progress, Saudi Arabia’s

INDUSTRIAL EXPERTISE

industrial construction sector continues to

EMBEDDING QUALITY AT EVERY LEVEL

DAC Group operates at the intersection

face several structural challenges. Quality

At the core of DAC Group’s strategy is a

of engineering, construction, and project

control inconsistencies, evolving regulatory

management, delivering complex industrial

requirements, and a shortage of highly

projects across the Kingdom. With a portfolio

skilled labor can impact project outcomes.

spanning oil and gas, utilities, manufacturing,

In addition, large-scale developments often

and infrastructure, the company has developed

involve complex stakeholder ecosystems,

a reputation for executing technically

increasing the risk of delays and misalignment.

Driving measurable improvements in industrial project delivery

INDUSTRY SECTOR - DAC GROUP

commitment to embedding quality into every

Technology also plays a central role. The

company has demonstrated its ability to

aspect of its operations. This begins with

integration of Building Information Modeling

meet stringent quality requirements while

the adoption of internationally recognized

(BIM) and digital quality monitoring tools

adhering to tight schedules and budgets.

standards and continues through rigorous

enables real-time oversight of construction

internal quality assurance and control systems.

activities. These systems enhance accuracy,

By implementing structured quality

reduce rework, and provide greater

management frameworks, DAC Group

The company invests heavily in workforce

transparency for clients and stakeholders.

has reduced defects, improved inspection

development, recognizing that skilled

Digitalization not only improves efficiency

outcomes, and enhanced overall project

personnel are fundamental to delivering

but also creates a data-driven culture where

reliability. Its emphasis on proactive

consistent results. Training programs focus

quality performance can be measured,

planning and risk mitigation ensures

on technical competencies, safety practices,

analyzed, and continuously improved.

and quality management, ensuring that teams are equipped to meet evolving project

DELIVERING RESULTS THROUGH

requirements. By prioritizing continuous

EXECUTION EXCELLENCE

learning, DAC Group helps bridge the skills

DAC Group’s impact is best illustrated

gap that persists across the sector.

through its project delivery. Across multiple industrial developments, the

Elevating safety, compliance, and workforce capability standards

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INDUSTRY SECTOR - DAC GROUP

that potential issues are identified early

COLLABORATION AS A CATALYST

with clients, enabling more transparent

and addressed before they escalate.

FOR PROGRESS

communication and better project outcomes.

Raising quality standards across an entire Safety performance has also seen measurable

sector requires collaboration. DAC Group

SUPPORTING VISION 2030 GOALS

improvements. Through strict compliance

actively engages with government entities,

DAC Group’s efforts are closely aligned

protocols, regular audits, and a strong

clients, and industry partners to align on

with Saudi Arabia’s Vision 2030, which

safety culture, DAC Group continues to

best practices and shared objectives. These

emphasizes economic diversification,

reduce incident rates and create safer

partnerships enable knowledge exchange,

localization, and increased efficiency across

working environments across its projects.

foster innovation, and ensure that quality

key industries. By raising construction

improvements are implemented at scale.

quality standards, the company contributes to improving the overall competitiveness

Leveraging digital tools for real-time quality assurance

By working closely with regulatory bodies,

of the Kingdom’s industrial sector.

DAC Group stays ahead of evolving compliance requirements, helping to set

Enhanced quality leads to longer asset

benchmarks for the industry. Its collaborative

lifespans, reduced maintenance costs, and

approach also strengthens relationships

greater investor confidence, critical factors

INDUSTRY SECTOR - DAC GROUP

in attracting both local and international investment. At the same time, DAC Group’s focus on workforce development supports the Kingdom’s localization objectives, creating opportunities for skilled Saudi professionals within the construction industry.

INNOVATION AND SUSTAINABILITY As the industrial construction sector continues to evolve, DAC Group is focused on sustaining its leadership in quality improvement. Future initiatives will likely include greater adoption of advanced technologies such as automation, artificial intelligence, and predictive analytics to further enhance project performance.

MOHAMED MAGDI, CHIEF EXECUTIVE OFFICER AT DAC GROUP I CHIEF STRATEGY OFFICER AT BUNA ALKHALEEJ

Sustainability is also becoming an increasingly

rapid transformation, such leadership will

important consideration. DAC Group is

be essential in ensuring that growth is

expected to integrate environmentally

matched by excellence at every level.

responsible practices into its operations, aligning with global trends and national priorities for sustainable development.

Ultimately, the company’s long-term vision is to create a culture of excellence that extends beyond individual projects,

DAC GROUP

influencing the broader construction

+966 12 658 6686

ecosystem across Saudi Arabia.

DAC Group’s commitment to quality, innovation, and collaboration is helping to reshape Saudi Arabia’s industrial construction sector. As the Kingdom continues its

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49

50

INDUSTRY SECTOR - BUNA HOLDING

BUNA HOLDING BUILDING A SAUDI-FOCUSED PORTFOLIO ALIGNING STRATEGIC INVESTMENTS WITH VISION 2030’S TRANSFORMATIVE INFRASTRUCTURE AND DEVELOPMENT AGENDA.

INDUSTRY SECTOR - BUNA HOLDING

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INDUSTRY SECTOR - BUNA HOLDING

audi Arabia’s ambitious Saudi Vision

developments, including NEOM, Qiddiya

ecosystem by aligning its portfolio with

2030 continues to reshape the

City, The Line, Red Sea Global and Jeddah

Vision 2030 priorities. Through its focus on

Kingdom’s economic and urban landscape,

Tower (Sumou Towers). These projects are

construction management, engineering

placing infrastructure, construction, and

not only redefining urban design but also

consultancy, and energy services, the

sustainable development at the center of

setting new benchmarks in sustainability,

company supports both public and private

national progress. As giga-projects and large-

digital integration, and quality of life.

sector clients across critical sectors.

BUNA Holding are playing a vital role in building

The scale and complexity of these initiatives

By adopting a Saudi-focused investment

a diversified, Saudi-focused portfolio that

demand robust construction management,

strategy, Buna Holding prioritizes projects that

supports the Kingdom’s long-term objectives.

engineering expertise, and integrated

directly contribute to national development

service delivery, areas where Buna Holding

goals. This includes infrastructure, residential

continues to strengthen its capabilities.

and mixed-use developments, energy

scale developments accelerate, companies like

A BLUEPRINT FOR TRANSFORMATION Vision 2030 aims to reduce reliance on

solutions, and industrial projects. The

oil, diversify the economy, and create

BUNA HOLDING’S STRATEGIC ROLE

company’s integrated approach ensures that

vibrant, livable cities. Central to this

Buna Holding has positioned itself as a key

projects are delivered efficiently, on time, and

transformation is a wave of landmark

contributor to Saudi Arabia’s development

in line with international quality standards.

INDUSTRY SECTOR - BUNA HOLDING

53

Moreover, Buna Holding’s ability to collaborate with global partners while maintaining strong local expertise enables it to bridge international best practices with regional requirements, an essential factor in the success of complex giga-projects.

SUSTAINABILITY AT THE CORE Sustainability is a defining pillar of Vision 2030, and Buna Holding reflects this commitment through its project portfolio. Developments

Delivering integrated solutions for Saudi gigaprojects

ESLAM RADWAN, GROUP CEO

Aligning investments with national development priorities

while supporting Saudi Arabia’s ambitions to become a leader in sustainable development.

DRIVING INNOVATION AND TECHNOLOGY Innovation is another cornerstone of Saudi Arabia’s transformation. Advanced technologies

across the Kingdom increasingly incorporate

such as artificial intelligence, digital twins,

green building standards, renewable

and Building Information Modeling (BIM)

energy solutions, and environmentally

are increasingly being deployed across

responsible construction practices.

construction and infrastructure projects.

Projects such as those led by Red Sea Global

Buna Holding embraces these innovations to

exemplify regenerative tourism, while NEOM

enhance project efficiency, reduce costs, and

integrates renewable energy and smart

improve decision-making. Digital tools enable

infrastructure at an unprecedented scale.

real-time monitoring, predictive maintenance,

Buna Holding contributes to these efforts by

and optimized resource allocation critical

embedding sustainability into project planning,

factors in managing large-scale developments.

execution, and lifecycle management.

From energy-efficient building systems to waste reduction strategies, the company’s approach aligns with global environmental standards

Driving sustainable construction across major developments

FREE OF CHARGE

MULTIMEDIA COMPANY BROCHURE A PERFECT OPPORTUNITY TO PRODUCE A COMPANY BROCHURE, COFFEE TABLE BOOK, VIRTUAL TOUR OR PROJECT SITE VIDEO TO USE TO SEND TO YOUR LONGSTANDING CUSTOMERS, VIP'S & POTENTIAL NEW CLIENTS. FOR MORE INFORMATION, EMAIL: SAUDIPROJECTS@TPG.MEDIA OR CALL BELINDA +971 58 683 3224

INDUSTRY SECTOR - BUNA HOLDING

55

By integrating technology into its

As more projects move from planning

operations, Buna Holding not only

to execution, the demand for skilled

A PORTFOLIO FOR THE FUTURE

improves project outcomes but also

construction management and engineering

As Saudi Arabia continues to advance its Vision

contributes to the Kingdom’s broader push

services is expected to creating to rise,

2030 agenda, the importance of building a

toward a knowledge-based economy.

creating further opportunities for companies

resilient, locally aligned portfolio cannot be

aligned with national priorities.

overstated. Buna Holding’s focus on Saudi-

ECONOMIC IMPACT AND GROWTH

centric investments, combined with its

The economic impact of Vision 2030 projects

NAVIGATING CHALLENGES,

commitment to sustainability, innovation,

is substantial. Large-scale developments

UNLOCKING OPPORTUNITIES

and excellence, underscores its role as a key

are generating employment opportunities,

Despite the momentum, Vision 2030

enabler of the Kingdom’s development journey.

attracting foreign investment, and stimulating

projects face challenges, including funding

growth across multiple sectors, including

complexities, supply chain constraints, and

With giga-projects reshaping the nation’s

construction, tourism, and logistics.

environmental considerations. Successfully

future, Buna Holding stands at the forefront,

navigating these challenges requires

delivering the expertise and strategic

Buna Holding’s Saudi-focused portfolio plays

strategic planning, strong partnerships,

alignment needed to turn vision into reality.

a direct role in this growth by supporting

and adaptive project management.

project delivery and enabling infrastructure expansion. The company’s activities contribute

For Buna Holding, these challenges

to GDP growth while fostering local talent

present opportunities to innovate, expand

BUNA HOLDING

development and supply chain localization.

capabilities, and strengthen its market

+966 12 658 6686

position. By leveraging its expertise and

Leveraging innovation to enhance project delivery

aligning closely with Vision 2030 objectives, the company is well positioned to capitalize on the Kingdom’s ongoing transformation.

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56 LOGISTICS AND CARGO - DHL SUPPLY CHAIN KSA

SAUDI BUILDS RESILIENT SUPPLY CHAINS

MOSTAPHA MOKDAD, MANAGING DIRECTOR OF DHL SUPPLY CHAIN SAUDI ARABIA, SHARES INSIGHTS ON HOW VISION 2030 INVESTMENTS ARE RESHAPING THE KINGDOM’S LOGISTICS LANDSCAPE.

LOGISTICS AND CARGO - DHL SUPPLY CHAIN KSA 57

58 LOGISTICS AND CARGO - DHL SUPPLY CHAIN KSA

M

ostapha Mokdad is Managing Director

but is becoming a production base, a

of DHL Supply Chain Saudi Arabia,

distribution platform, and a regional gateway

where he leads strategic operations across

connecting Asia, Europe, and Africa. This shift

one of the Kingdom’s fastest-growing logistics

is supported by significant infrastructure

markets. With extensive experience in supply

investments designed to enable faster, more

chain management and regional logistics

flexible trade flows, with a direct impact

transformation, Mostapha plays a key role in

on the Kingdom’s resilience capacity.

aligning DHL’s investments with Saudi Arabia’s

Infrastructure investment underpins supply chain resilience At the same time, ocean freight was discharged at alternative ports, including

Vision 2030 ambitions. His expertise spans

The strategic importance of this transformation

Red Sea gateways, with onward distribution

infrastructure development, operational

has been clearly demonstrated in recent

enabled through the regional road network.

efficiency, and digital integration, helping

weeks. As geopolitical developments

These shifts were possible because robust

to position the Kingdom as a competitive

increased complexity across Middle East

underlying infrastructure was already in

global logistics hub capable of supporting

logistics networks, established transit routes

place, from advanced facilities to strong

complex, future-ready supply chains.

and hubs were temporarily constrained. In

road connectivity and integrated logistics

response, supply chains across the region

platforms. This allowed DHL to keep goods

Under Vision 2030, the Kingdom of Saudi

had to adjust quickly, activating alternative

moving and continue serving the entire GCC

Arabia is redefining its role in global trade.

gateways and transport modes. Saudi Arabia

region from the onset of the disruption.

It is no longer just a destination market,

proved critical in this context. When certain

Saudi Arabia emerges as critical Gulf logistics gateway

airspaces were unavailable for an extended

This demonstrates that supply chain

period, Riyadh emerged as a key alternative

resilience is not an abstract concept reliant

gateway into and out of the Gulf. Cargo was

on a single solution. Rather, it is the result

rerouted via Saudi Arabia, supported by

of how infrastructure is planned and

additional cross-border trucking solutions.

deployed. Networks designed with multiple

LOGISTICS AND CARGO - DHL SUPPLY CHAIN KSA 59

SIGNING A STRATEGIC LAND LEASE AGREEMENT: MOSTAPHA MOKDAD, MANAGING DIRECTOR, DHL SUPPLY CHAIN KSA (LEFT), AND KHALID ALOTAISHAN, COMMERCIAL DIRECTOR, SILZ (RIGHT).

Riyadh plays pivotal role during regional disruptions

King Khalid International Airport, the advanced

to operate in a more volatile world. For

multi-user warehouse is built for scale and

companies, Saudi Arabia offers more than

flexibility, serving multiple industries while

capacity; it provides a future-ready platform

enabling fast inbound and outbound flows.

that supports resilience today while enabling sustainable growth for years to come.

The lesson is clear: resilience is built before gateways, scalable warehousing, and strong

disruption occurs. In Saudi Arabia, the

inland connectivity can adapt, even under

combination of pace, scale, and long-term

pressure. This success is further supported

planning is creating a logistics ecosystem

by well-coordinated collaboration between

designed not only for growth, but for

government entities and the private logistics

continuity. Beyond physical infrastructure,

and transport sector in the Kingdom.

digital capabilities are critical enablers from

Resilience Starts Long Before Disruption

real-time visibility to coordinated decisionAt DHL Supply Chain, our long-term

making. With advanced, integrated solutions

commitment to Saudi Arabia reflects this

in place, supply chains gain the agility needed

reality. We are investing ahead of demand to support the Kingdom’s ambitions and the needs of customers operating here. A central pillar is our SAR561 million investment in the Special Integrated Logistics Zone (SILZ) in Riyadh, announced late last year. Located near

SILZ investment boosts scalable, future-ready logistics capacity

DHL SUPPLY CHAIN KSA +966 56 852 4605

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60 LOGISTICS AND CARGO - SAUDI PORTS AUTHORITY (MAWANI)

SEA TO AIR LOGISTICS ACCELERATES

INTEGRATED CORRIDOR LINKS SAUDI PORTS AND AIRPORTS TO STREAMLINE GLOBAL CARGO FLOWS.

LOGISTICS AND CARGO - SAUDI PORTS AUTHORITY (MAWANI) 61

62 LOGISTICS AND CARGO - SAUDI PORTS AUTHORITY (MAWANI)

A

Single customs declaration accelerates cargo clearance processes

s the Kingdom strengthens its

The initiative introduces integrated logistics

position as a global logistics hub

routes that connect seaports with airports,

under Vision 2030, Saudi Ports Authority

enabling cargo to shift seamlessly between

(Mawani) is playing a pivotal role in advancing

maritime and air transport. Designed

multimodal connectivity. In its latest strategic

to respond to evolving global shipping

move, Mawani has joined forces with Saudia

patterns and air freight schedules, the

Cargo and Zakat, Tax and Customs Authority

corridor enhances supply chain resilience

(ZATCA) to launch a sea-to-air logistics

while maintaining the speed and efficiency

transit times while offering a cost-effective

corridor along the Kingdom’s western coast.

required by international markets.

alternative to traditional logistics routes.

At the heart of the program is Jeddah

ZATCA’s integrated customs framework is a

Islamic Port, where initial operations are

critical enabler of the corridor’s success. By

already underway. The port serves as a

allowing shipments to move under a single

key entry point for maritime shipments,

customs declaration, supported by pre-

which are then rapidly transferred to air

clearance processes and smart inspection

cargo hubs for onward distribution. This

technologies, cargo can transition from port to

coordinated approach significantly reduces

runway with minimal delay. This streamlined

Seamless port-to-airport cargo transfer enhances logistics efficiency

LOGISTICS AND CARGO - SAUDI PORTS AUTHORITY (MAWANI) 63

SIGNING A STRATEGIC LAND LEASE AGREEMENT: MOSTAPHA MOKDAD, MANAGING DIRECTOR, DHL SUPPLY CHAIN KSA (LEFT), AND KHALID ALOTAISHAN, COMMERCIAL DIRECTOR, SILZ (RIGHT).

Jeddah Islamic Port anchors western corridor operations

Meanwhile, Saudia Cargo continues to leverage

to adapt quickly to disruptions while

its extensive international network, spanning

maintaining continuity in supply chains.

around 100 airport destinations and 250 customer destinations to ensure the smooth

As global trade dynamics continue to shift,

movement of goods across continents. Its

collaborations such as this demonstrate

role in the corridor underscores the growing

how Saudi Arabia is proactively reshaping its

regulatory environment reinforces Saudi

importance of integrated logistics solutions that

logistics ecosystem. Through the combined

Arabia’s reputation as a secure and efficient

combine maritime scale with air freight speed.

efforts of Mawani, Saudia Cargo, and ZATCA,

logistics gateway bridging East and West.

the Kingdom is not only safeguarding cargo The sea-to-air corridor also supports a wide

flows but also reinforcing its strategic position

For Mawani, the development aligns with its

range of cargo types, from e-commerce and

as a vital link in international trade.

broader strategy to enhance port efficiency,

pharmaceuticals to perishables and high-

expand connectivity, and support the

value shipments. By enabling flexible routing

Kingdom’s ambitions to become a leading

options, the initiative allows businesses

global logistics platform. Recent updates from Mawani highlight continued investments in port infrastructure, digitalization, and private sector partnerships, including capacity expansions across major terminals and the introduction of advanced cargo handling systems to improve throughput and operational performance.

Mawani investments boost capacity, connectivity, and digital transformation

SAUDI PORTS AUTHORITY (MAWANI)

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PROJECT FOCUS - ARAMCO

ARAMCO ADVANCES GAS GROWTH MILESTONES JAFURAH SHALE GAS PRODUCTION STARTS; TANAJIB GAS PLANT COMMENCES OPERATIONS.

PROJECT FOCUS - ARAMCO

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PROJECT FOCUS - ARAMCO

ramco, one of the world’s leading integrated energy and chemicals

companies, today announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world.

This will contribute to Aramco’s plan to increase sales gas production capacity by approximately 80% by 2030, over 2021 production levels, reaching approximately 6 million barrels of oil equivalent per day of total gas and associated liquids production. This is expected to generate incremental operating cash flows of $12 billion to $15 billion in 2030, subject to future sales gas demand and liquids prices.

Amin H. Nasser, Aramco President & CEO, said: “Jafurah and Tanajib significantly strengthen Aramco’s gas portfolio and expand our capacity at scale. These projects are a major step forward for our company and for the Kingdom’s energy future. Gas is central to our long-term growth strategy. It is expected to generate substantial earnings, meet rising domestic demand, support development across key sectors, and deliver significant volumes of high-value liquids. Together, these investments make Aramco stronger, more diversified and better positioned to deliver sustained value to our shareholders. We value the continued leadership and support of the Ministry of Energy in advancing these strategic projects.”

Amin H. Nasser, Aramco President & CEO, said: “Jafurah and Tanajib significantly strengthen Aramco’s gas portfolio and expand our capacity at scale. These projects are a major step forward for our company and for the Kingdom’s energy future. Gas is central to our long-term growth strategy. It is expected to generate substantial earnings, meet rising domestic demand, support development across key sectors, and deliver significant volumes of high-value liquids.

Together, these investments make Aramco stronger, more diversified and better positioned to deliver sustained value to our shareholders. We value the continued leadership and support of the Ministry of Energy in advancing these strategic projects.”

JAFURAH Gas from Jafurah is expected to support the Kingdom’s broader growth ambitions across key sectors such as energy, artificial intelligence, and major industries including petrochemicals, potentially providing a significant boost to the economy and solidifying Saudi Arabia’s position as one of the world’s top 10 gas producers.

Aramco started production of the first unconventional shale gas at Jafurah in December 2025, with technology playing a key role in unlocking Jafurah’s potential and

PROJECT FOCUS - ARAMCO

67

AMIN H. NASSER, ARAMCO PRESIDENT & CEO

Covering an area of 17,000 square kilometers,

substantial added value and reinforcing

Jafurah is estimated to contain 229 trillion

Aramco’s position as a reliable energy supplier.

standard cubic feet of raw gas and 75 billion stock tank barrels of . By 2030, it aims to

In addition to helping meet rising demand for

deliver 2 billion standard cubic feet of sales

natural gas, and enhancing supplies to national

gas per day, 420 million standard cubic feet

industries, Aramco’s gas growth strategy

of ethane per day, and approximately 630,000

supports efforts to achieve a more optimal

barrels of high-value liquids per day.

energy mix for domestic electricity production.

It also advances the Kingdom’s liquid fuel

TANAJIB

displacement program, complements

Tanajib Gas Plant is a key component of

the Kingdom’s 2060 net-zero ambition,

Aramco’s strategy to increase gas processing

reinforces energy security and contributes

capabilities and diversify its energy product

to building a diverse national economy.

portfolio, helping to support long-term economic growth. Operations commenced in December 2025 and it is expected to reach a raw gas processing capacity of 2.6 billion standard cubic feet per day in 2026. establishing it as a global benchmark for unconventional gas development. Since its

The commencement of operations at Tanajib

inception, the project has leveraged technology

coincided with the start of production at

to help lower drilling and stimulation costs

Aramco’s Marjan crude oil increment. The plant,

and boost well productivity, contributing

which features digital integration, enhanced

to the project’s strong economic outlook.

operational efficiency, complex project delivery,

Latest developments solidify Saudi Arabia’s position as one of the world’s leading natural gas producers

and maximum resource utilization, processes associated raw gas from crude oil production

Aramco seeks to expand sales gas production capacity by approximately 80% by 2030

at the offshore Marjan and Zuluf oil fields.

UNLOCKING OPPORTUNITIES Aramco’s gas expansion is expected to create thousands of direct and indirect job opportunities, potentially generating

ARAMCO

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PROJECT FOCUS - BUNA AL KHALEEJ

DELIVERING PROJECTS IN A BOOMING MARKET HOW BUNA AL KHALEEJ IS MEETING DEMAND IN SAUDI ARABIA’S FAST-GROWING CONSTRUCTION SECTOR.

PROJECT FOCUS - BUNA AL KHALEEJ

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PROJECT FOCUS - BUNA AL KHALEEJ

una Al Khaleej’s ability to deliver

From giga-projects to industrial facilities and

A TRUSTED NAME IN

projects in a rapidly expanding

urban expansion, the demand for reliable,

CONSTRUCTION DELIVERY

market underscores its role as a dependable

high-performing contractors has never been

Buna Al Khaleej, part of Buna Holding,

construction partner in Saudi Arabia. As

greater. In this dynamic environment, Buna

brings a strong track record in construction,

the Kingdom continues to build at pace,

Al Khaleej has emerged as a key player,

engineering, and project management

companies that combine agility with excellence

delivering construction projects that balance

across Saudi Arabia. The company has

and Buna Al Khaleej will be instrumental

speed, quality, and long-term value.

built its reputation on delivering diverse

in turning ambitious plans into reality.

projects that meet rigorous technical

PROJECT FOCUS - BUNA AL KHALEEJ

71

and operational standards, serving both public and private sector clients.

With capabilities spanning civil works, industrial construction, and infrastructure development, Buna Al Khaleej adopts a comprehensive approach to project execution.

Its integrated model allows for better

Scaling operations to match unprecedented market demand

must deliver at speed while maintaining quality, safety, and compliance with evolving

BUILDING SAUDI ARABIA’S ONE LANDMARK AT A TIME regulations. Supply chain pressures,

workforce demands, and tight project

timelines add further layers of challenge.

coordination across all phases, from planning

Buna Al Khaleej has positioned itself to thrive in

and design through to construction and

this environment by aligning its operations with

handover, ensuring consistency and efficiency

the Kingdom’s ambitious growth trajectory,

Expertly complex projects withagile, precision, throughout thedelivering lifecycle of each project. ensuring it remains responsive, and

capable of scaling alongside market demand. performance, and a vision aligned with the Kingdom’s future.

RIDING THE WAVE OF SAUDI MARKET EXPANSION

BUILDING A STRONG PROJECT PORTFOLIO

The scale and pace of Saudi Arabia’s

Buna Al Khaleej’s growing portfolio reflects

construction boom are reshaping the industry.

its ability to execute projects across

Mega-developments, new economic cities,

multiple sectors. From industrial facilities to

transportation networks, and industrial zones

infrastructure developments, the company has

are being developed simultaneously, creating a highly competitive and fast-moving market.

This rapid expansion presents both opportunity and complexity. Contractors

Delivering complex projects with speed and precision

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PROJECT FOCUS - BUNA AL KHALEEJ

Combining innovation, safety, and quality excellence demonstrated its capacity to manage complex builds while meeting client expectations.

A key strength lies in its disciplined project management approach. By applying structured planning, risk assessment, and performance monitoring, Buna ensures that projects are delivered on time and within budget. This consistency has helped the company build long-term relationships and a reputation for reliability in a highly competitive market.

OVERCOMING CHALLENGES IN A FAST-PACED ENVIRONMENT Operating in a rapidly expanding construction market brings inherent challenges. Managing growth without compromising quality is a critical concern, as is maintaining a skilled workforce capable of meeting increasing demand.

Additionally, tight deadlines and large-scale project scopes require precise coordination and efficient resource allocation. Any breakdown in communication or planning can lead to delays or cost overruns.

Buna Al Khaleej addresses these challenges through proactive planning and a strong operational framework. By anticipating potential risks and implementing robust controls, the company minimizes disruptions and ensures smooth project execution.

DRIVING SUCCESS THROUGH

make informed decisions. This data-driven

ALIGNING WITH VISION 2030

INNOVATION AND EXPERTISE

approach enhances transparency and

Buna Al Khaleej’s work is closely

Innovation is central to Buna Al Khaleej’s

accountability, both internally and for clients.

aligned with Saudi Arabia’s Vision 2030

ability to deliver in a fast-moving market. The

objectives, particularly in the areas of

company leverages modern construction

Equally important is the company’s

infrastructure development and economic

techniques and digital tools to improve

commitment to quality and safety. Strict

diversification. By contributing to key

efficiency, accuracy, and collaboration.

adherence to international standards

projects, the company plays a role in

ensures that projects meet high-performance

shaping the Kingdom’s future landscape.

Advanced project management systems

benchmarks, while comprehensive

enable real-time tracking of progress,

safety programs create secure working

Its focus on efficiency, quality, and local

helping teams identify issues early and

environments across all sites.

workforce development supports broader

PROJECT FOCUS - BUNA AL KHALEEJ

73

A COMMITMENT TO SUSTAINABLE

presents an opportunity to further expand its

CONSTRUCTION

capabilities and strengthen its market position.

SAUDI ARABIA’S FUTURE, MARK AT A TIME

As sustainability becomes an increasingly

ex projects with precision,

important priority, Buna Al Khaleej is

Future growth will likely be driven by

integrating environmentally responsible

continued innovation, investment in

practices into its operations. This includes

workforce development, and a deepening

optimizing resource use, reducing waste,

commitment to quality and sustainability.

and adopting construction methods that

By staying aligned with market needs and

minimize environmental impact.

national priorities, Buna Al Khaleej is well positioned to remain a trusted partner in

aligned with the Kingdom’s future.

By aligning with global sustainability trends

Supporting Vision 2030 through strategic construction delivery

and local regulations, the company ensures

national goals, including improving

SUSTAINING GROWTH AND EXCELLENCE

productivity and increasing local participation

The outlook for Saudi Arabia’s construction

in the construction sector. Through its projects,

sector remains strong, with continued

Buna helps create the physical and economic

investment and development expected across

foundations necessary for long-term growth.

multiple industries. For Buna Al Khaleej, this

the Kingdom’s ongoing transformation.

that its projects are not only efficient but also environmentally conscious, an essential consideration for the future

BUNA AL KHALEEJ

of construction in Saudi Arabia.

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74 SUSTAINABILITY - ALEC HOLDINGS PJSC

ALEC 2025 ESG REPORT SETS NEW BENCHMARKS REPORT UNDERSCORES STRONG SAFETY PERFORMANCE, RESPONSIBLE OPERATIONS AND A ROBUST GOVERNANCE FRAMEWORK POST‑LISTING.

SUSTAINABILITY - ALEC HOLDINGS PJSC 75

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LEC Holdings PJSC (“ALEC Holdings”

Further reinforcing this commitment, the

27% reduction in Lost Time Injuries year-on-

or “ALEC”) today released its 2025

Group achieved LEED Platinum certification

year. The company maintains ISO 45001:2018

Sustainability & Environmental,

at the ALEC Holdings HQ and LEED Gold

certification across all business units.

Social and Governance (ESG) Report, outlining

certification at the ALEMCO Corporate Office

noteworthy progress across employee safety

and ALEC Dubai Industrial City Yard.

and welfare, while setting new benchmarks

Notably, through 2025 the company engaged 22,094 workers in health awareness and

for value-driven operations conduct and

EMPLOYEE HEALTH, SAFETY AND WELLBEING

preventive care programmes, expanded

reinforcing the company’s governance

Employee safety and wellbeing remain ALEC

medical coverage to include psychiatric

framework following its public listing.

Holdings’ top material objective. In 2025, the

care, congenital conditions, developmental

Group recorded a 52% improvement in its

delays and IVF support, and appointed 30+

Lost Time Injury Frequency Rate (LTIFR) and a

Engagement and Wellbeing Champions.

In 2025, ALEC Holdings achieved the Dubai Chamber ESG Label (Advanced) and the EcoVadis ‘Committed’ badge, accreditations that recognise the Group’s structured approach to sustainability and its alignment with internationally recognised ESG standards.

In 2025, ALEC Holdings achieved the Dubai Chamber ESG Label (Advanced) and the EcoVadis ‘Committed’ badg

“ALEC’s approach to ESG is grounded in the understanding that responsible business practices and long-term commercial success are fundamentally linked,” said Barry Lewis, Chief Executive Officer at ALEC Holdings.

“As we scale and deliver increasingly complex projects across the region, maintaining the highest standards across our expansive operations is essential to sustaining excellence and building lasting confidence among our clients, partners and shareholders.”

SUSTAINABILITY - ALEC HOLDINGS PJSC 77

ALEC also launched the Wellx wellbeing platform, offering health programmes, rewards-based initiatives and unlimited mental health consultations.

HUMAN RIGHTS AND WORKER WELFARE Worker welfare continues to be a core operational priority for ALEC Holdings, supported by a dedicated Worker Welfare Department and on-site welfare inspectors monitoring conditions across projects and worker accommodation. The Group reported a 99% close-out rate on worker welfare concerns across its sites in the UAE & KSA in 2025. In parallel, workforce development initiatives saw over 8,000 workers trained and 250 promoted into staff roles, reflecting ALEC’s continued investment in skills development and internal career progression.

BUSINESS ETHICS AND GOVERNANCE ALEC Holdings continued to strengthen its governance framework in 2025 through expanded ethics controls, reporting mechanisms and supplier oversight. In early 2025, the company launched ALEC Alert, a confidential whistleblowing platform that replaced the previous email-based reporting channel and saw 100% resolution of cases reported. The platform has already contributed

BARRY LEWIS, CHIEF EXECUTIVE OFFICER AT ALEC HOLDINGS

to increased awareness and trust in the reporting process while enabling employees, subcontractors and vendors to confidentially

ALEC Holdings’ zero-tolerance approach to

emissions, lower labour intensity, shorter

report misconduct or policy violations.

bribery and corruption while strengthening

construction timelines, and enhanced safety

oversight across its supply chain. The Group

and quality outcomes. At the same time,

The company also completed the rollout

also strengthened ESG governance with

ALEC grew its renewable energy footprint,

of a Unified Supplier Code of Conduct and

an expanded Sustainability Committee,

reaching a cumulative installed solar capacity

enhanced internal governance through

chaired by the CFO, having representation

of 6.421 MWp across assets and projects.

mandatory ethics training, conflict-of-interest

from all entities and core functional

Battery Energy Storage Systems (BESS)

declarations and risk-based Code of Conduct

departments, ensuring ESG is embedded

and hybrid generators were also integrated

procedures. These measures reinforce

in strategy, risk, and capital allocation.

across sites in the UAE and KSA, supporting more efficient and sustainable operations.

ALEC Holdings’ zerotolerance approach to bribery and corruption while strengthening oversight across its supply chain

ENVIRONMENTAL ACHIEVEMENTS ALEC Holdings continued to advance environmental performance and operational standards across the business. In 2025, the Group further expanded its off-site construction capabilities through ALEMCO Modular, TARGET Steel Industries, and LINQ Modular. These efforts contributed to reduced waste and

The Group maintained its ISO 14001:2015 certification across 100% of its operations in the UAE & KSA

SUSTAINABILITY - ALEC HOLDINGS PJSC 79

ALEC 2025 ESG HIGHLIGHTS AT A GLANCE ENVIRONMENTAL:  Achieved LEED Platinum certification at the ALEC Holdings HQ and LEED Gold certification at the ALEMCO Corporate Office and ALEC DIC Yard  ISO 14001:2015 covering 100% of operations  69% of operational waste diverted from landfill 

6.421 MWp cumulative installed solar capacity across assets and projects

SOCIAL: 

0.097 Lost Time Injury Frequency Rate per million man-hours in 2025

 99% close-out rate on worker welfare issues recorded in 2025  ISO 45001:2018 certification across 100% of businesses  Over 8,000 workers trained, with 250 promoted to staff roles  Over 11,000 beneficiaries of community impact initiatives GOVERNANCE:

JOHN DEEB, CHIEF OPERATING OFFICER & CHIEF FINANCIAL OFFICER AT ALEC HOLDINGS

 ISO 9001:2015 certification across 100% of the business

“Operating in complex, high-risk sectors means sustainability and governance are fundamental to how we compete,” said John Deeb, Chief Operating Officer & Chief Financial Officer at ALEC Holdings.

“Stakeholders increasingly see strong ESG performance as a prerequisite for major projects. Over the past year, we have strengthened that foundation by further embedding climate, supply chain, and human capital risks into our enterprise risk management framework.

As a result, ESG is becoming a clear differentiator in tenders and a key driver of long-term resilience.”

 3,132 vendors formally certified against the Supplier Code of Conduct  EcoVadis assessment: ‘Committed’ badge  Signatory of United Nations Global Compact since 2023 2025 ALEC Holdings ESG Repor

DOWNLOAD HERE.

ALEC HOLDINGS PJSC

The Group maintained its ISO 14001:2015

water monitoring platform, reduced electricity

certification across 100% of its operations

consumption by 122,294 kWh across three

in the UAE & KSA, while diverting 69% of

offices. The platform is now being piloted on

operational waste from landfills across its

select project sites and offered to clients as

sites and assets. In parallel, the deployment of

part of ALEC’s broader sustainability solutions.

Pulse, ALEC Technologies’ real-time energy and

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EVENTS - EUROVENT MIDDLE EAST

DRIVING HVACR STANDARDS FORWARD SAUDI PROJECTS SPEAKS WITH EUROVENT MIDDLE EAST’S MARKUS LATTNER ON REGIONAL GROWTH AND PERFORMANCE STANDARDS.

EVENTS - EUROVENT MIDDLE EAST

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EVENTS - EUROVENT MIDDLE EAST

s the Kingdom accelerates large-scale

mission, its role in supporting regional

important is sustainability especially

development under Vision 2030,

stakeholders, and the growing importance

for the resilience of the region?

ensuring high-performance, energy-efficient

of compliance in delivering sustainable,

HVACR systems has become a critical priority.

future-ready projects across Saudi Arabia.

In this exclusive interview, Saudi Projects sits

MARKUS LATTNER: Sustainability is fundamental to resilience. The fewer

down with Markus Lattner, Managing Director

SAUDI PROJECTS: The GCC has led many

resources we rely on, the stronger and

of Eurovent Middle East, to explore how the

sustainability initiatives in the past. How

more adaptable we become. In a region

organization is shaping standards, certification, and industry awareness across the region.

With extensive international experience and a strong focus on advancing transparency and quality, Lattner shares insights into Eurovent’s

A key milestone for the Association: the HVACR NextGeneration Congress in Riyadh. This large-scale event in Saudi Arabia brought together 300+ participants and international and regional speakers.

EUROVENT MIDDLE EAST: HIGH-LEVEL DIALOGUE BY EXPERTS IN COOLING AND ENERGY, ALONGSIDE DEVELOPERS, SERVICE PROVIDERS, AND END USERS, ENSURING A HOLISTIC, REAL-WORLD PERSPECTIVE.

EVENTS - EUROVENT MIDDLE EAST

Sustainability and efficiency are key to long‑term GCC resilience like the GCC, which is characterised by high temperatures, water scarcity, and heavy energy demand, this becomes even more critical, as resource efficiency is critical to economic stability and quality of life.

Keeping this in mind, there is hardly any aspect of socio-economic life that is not dependent on cooling, ventilation, and refrigeration. From healthcare to food security, the uninterrupted provision of these services is essential to safeguarding daily life and economic activity. There is no resilience without HVACR. When we consider sustainability and resilience in the context of our industry, three key pillars stand out: energy consumption, refrigerants, and the supply chain.

On energy consumption, the region has made strong progress. The introduction of minimum energy performance standards and other regulatory measures across the GCC is driving more efficient systems and better business practices.

MARKUS LATTNER, MANAGING DIRECTOR, EUROVENT MIDDLE EAS

On refrigerants, the region is actively

the GCC, strengthening industrial capacity and

progressing towards lower Global Warming

supporting regional resilience.

Potential (GWP) alternatives. This transition reflects strong alignment with global

At the same time, to fully realise this

sustainability goals, while also ensuring that

potential, there is a need to continue raising

existing systems continue to be safely and

awareness on the long-term benefits of energy

effectively serviced during the transition period.

efficiency, invest in skills and qualification to

Peace and stability remain foundations of regional economic growth

support the refrigerant transition, and

chain. Like many industries, we are

From a supply chain perspective, the region

further strengthen local supply chains.

closely monitoring disruptions that

is becoming increasingly self-reliant. We are

Given the critical role HVACR plays in both

could lead to delays, cost pressures,

seeing a growing presence of both local and

sustainability and resilience, addressing

and potential shortages.

international manufacturers producing within

these areas collectively remains a key priority for us as an industry association.

Industry readiness supports stability despite supply chain uncertainties

Based on regular calls with our members, including ongoing check-

SAUDI PROJECTS: What are the biggest

ins and market feedback, the overall

challenges currently facing the

outlook remains reassuring. The industry

sustainability and cooling industry?

is well prepared to navigate the current situation, and to date, no force majeure has

MARKUS LATTNER: For our sector, the primary focus at present is the supply

been declared on existing contracts.

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EVENTS - EUROVENT MIDDLE EAST

That said, we are seeing upward pressure

shipping premiums. While this is something the

translated into any significant disruption in

on costs, particularly driven by increased

industry is managing carefully, it has not

the availability of products or services.

Addressing the skills gap is a critical part of broader sustainability goals at Eurovent Middle East. Through its HVACR Leadership Academy, it supports capacity building by offering certified courses on key topics such as Refrigerant Management.

EUROVENT MIDDLE EAST: HIGH-LEVEL DIALOGUE BY EXPERTS IN COOLING AND ENERGY, ALONGSIDE DEVELOPERS, SERVICE PROVIDERS, AND END USERS, ENSURING A HOLISTIC, REAL-WORLD PERSPECTIVE.

At this stage, we do not anticipate major supply challenges. However, as with any prolonged period of uncertainty, the duration of the situation will be a key factor, and our members continue

EVENTS - EUROVENT MIDDLE EAST

85

to monitor developments closely while maintaining flexibility in their operations.

SAUDI PROJECTS: What economic impact and prospects do you foresee?

MARKUS LATTNER: Q1 has been a strong start for our sector, and at this stage, we do not see any immediate indications of a significant shift heading into Q2. Ramadan and Eid are traditionally quieter periods, so a clearer picture will emerge as we move into Q3 and Q4.

The region has demonstrated remarkable resilience in the past. Following both the Global Financial Crisis of 2008 and the COVID-19 pandemic, the GCC rebounded with renewed momentum, emerging stronger each time. This track record gives us strong confidence in the region’s ability to navigate periods of uncertainty.

There is a shared commitment across the region to long-term peace, stability, and prosperity, which continues to underpin economic development and investor confidence.

From a broader perspective, the main area of

work with qualified service personnel who

review user manuals or access reliable online

attention remains the global economic outlook.

can accurately detect and fix issues. If

resources can make a meaningful difference.

If current geopolitical tensions are resolved

maintenance is frequently requiring refrigerant

in the near term, we do not anticipate any

top-ups, this is usually a sign that the root

Resilience comes down to preparation,

significant impact. However, if uncertainty

cause is not being properly addressed.

proper maintenance, and informed

persists into the coming months, it may place additional pressure on global markets.

decision-making and small steps that can For businesses and facility managers, planning ahead is key. We always recommend

SAUDI PROJECTS: Do you have any

scheduling servicing before the peak

advice for our readers? How can

season, when demand for maintenance

people improve their resilience?

increases and costs can rise. Well-maintained equipment operates more efficiently, which

MARKUS LATTNER: Advice varies depending

not only improves reliability but also reduces

on the type of user, but a few core

energy consumption and operating costs

principles apply across the board.

during the hottest months of the year.

have a significant impact over time.

Proactive maintenance delivers efficiency during the hottest months

EUROVENT MIDDLE EAST

For building owners and operators, the

For end users more broadly, awareness

most important step is to ensure that

plays an important role. The more you

HVACR systems are properly maintained. In

understand the systems you rely on, the

the current environment, it is particularly

better equipped you are to use them

important to check for leaks and ensure

efficiently and identify potential issues

refrigerant levels are adequate. Always

early. Knowledge is power. Taking time to

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INTERIORS - CLOUD SPACES

CLOUD SPACES EXPANDS IN RIYADH PREMIUM FLEXIBLE WORKSPACES DESIGNED FOR PRODUCTIVITY, COLLABORATION, AND BUSINESS GROWTH.

PROJECT INTERIORS FOCUS - NEW CLOUD MURABBA SPACES

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PROJECT FOCUS INTERIORS - CLOUD - NEW SPACES MURABBA

loud Spaces is a premium, hospitality-driven flexible workspace

brand built around the evolving needs of today’s professionals. Combining intelligent design, expert support, and carefully curated environments, the brand delivers workspaces that feel intuitive, welcoming, and purpose-built for focus, collaboration, and long-term success.

Offering a range of flexible solutions from fully serviced private offices and coworking options to collaborative lounges and event spaces, Cloud Spaces ensures a seamless daily experience supported by on-site teams and integrated business services. Each location is thoughtfully designed to inspire productivity and connection, reflecting the pace and energy of modern working life.

The brand has strengthened its presence in Saudi Arabia with its second Riyadh location at Roshn Front, following its 2025 debut at Kingdom Centre. Designed to meet the demands of the Kingdom’s growing business community, the new space features fully furnished offices, collaborative areas, expert business support, a versatile event venue, an indoor specialty café, and a central terrace that encourages interaction and creativity.

Spanning 2,500 square meters, the Roshn Front workspace is positioned within a dynamic business and retail destination in north Riyadh.

Its proximity to a major multinational hub, upscale retail outlets, and fine dining venues enhances its appeal, while its location just 10 minutes from King Khalid International Airport offers added convenience for business travelers and regional connectivity. The environment balances contemporary design with everyday functionality, creating a calm yet energizing setting where ideas can thrive.

Founded in 2020, Cloud Spaces is driven by a mission to support the next generation of

Premium workspaces designed for modern business success

Malak Smejkalova, General Manager of Cloud Spaces Company Ltd. in Saudi Arabia, commented: “We believe workspaces should empower businesses, inspire innovation, and support long-term success. Our second Riyadh location responds to growing market demand by delivering premium, lifestyle-focused environments designed to help companies scale and thrive. By combining thoughtful design, advanced amenities, and a strong sense of community, we are introducing a more refined and adaptable way of working across the Kingdom.” entrepreneurs and industry leaders across

its workspaces promote a more flexible

the UAE, Saudi Arabia, and beyond. With a

and balanced approach to professional

focus on both wellbeing and productivity,

life. Today, with two premium locations in

PROJECT INTERIORS FOCUS - NEW CLOUD MURABBA SPACES

Saudi Arabia, the brand offers coworking memberships, day passes, private offices, and tailored workspace solutions.

The Roshn Front location includes more than

Over 100 serviced offices with flexible workspace solutions

100 fully serviced offices, with options for

Additional features include an open terrace

teams of all sizes. Amenities include high-

for relaxation and informal meetings, with

speed secure Wi-Fi, ergonomic furnishings,

select offices offering private outdoor

dedicated business services, and advanced

access or terrace views. A concierge service

technology infrastructure. Three fully

and dedicated on-site team manage

equipped meeting rooms support training,

day-to-day operations, complemented

presentations, and virtual collaboration,

by convenient free parking to ensure a

while a flexible events space accommodates

smooth and efficient experience.

The Roshn Front location reflects Riyadh’s transformation into a global business hub, bringing together ambitious professionals in a setting that encourages collaboration, innovation, and sustainable growth.

Hospitality-driven environments supporting productivity and wellbeing

workshops, talks, and private functions with catering available upon request.

Strategic Riyadh location near airport and business hubs

As Cloud Spaces continues its expansion

CLOUD SPACES

across Saudi Arabia, it remains aligned with Vision 2030, contributing to the Kingdom’s economic diversification and the evolution of modern work environments.

89 89

VISIT WEBSITE

92 GIGA PROJECT - ROSHN GROUP

ROSHN GROUP DRIVING INTEGRATED URBAN TRANSFORMATION A MULTI-ASSET GIGA-PROJECT RESHAPING HOW SAUDI ARABIA LIVES, WORKS, AND CONNECTS.

GIGA PROJECT - ROSHN GROUP 93

94 GIGA PROJECT - ROSHN GROUP

A

s one of the flagship giga-projects backed by Saudi Arabia’s Public

Investment Fund, ROSHN Group is redefining large-scale urban development across the Kingdom. Positioned at the heart of Vision 2030, ROSHN is delivering humancentric, integrated communities that extend far beyond traditional real estate, spanning residential, retail, hospitality, commercial, and entertainment sectors.

With a portfolio exceeding 200 million square meters, ROSHN’s developments are designed to accommodate more than 2.2 million residents by 2030, directly supporting the Kingdom’s ambition to increase homeownership to 70%.

At the core of ROSHN’s strategy is the creation of fully integrated ecosystems.

Signature residential communities such as SEDRA in Riyadh, ALAROUS in Jeddah, ALMANAR in Makkah, and ALDANAH in Dhahran combine modern housing with essential infrastructure including schools, healthcare facilities, mosques, and retail destinations. These developments are designed to foster connectivity, walkability, and quality of life all key pillars of Saudi Arabia’s urban transformation agenda.

Beyond residential, ROSHN is expanding aggressively into mixed-use and lifestyle destinations. Projects such as MARAFY in Jeddah introduce new urban typologies, including Saudi Arabia’s first navigable canal, while ROSHN Front in Riyadh integrates commercial, retail, and leisure experiences into a single destination. The group’s portfolio also includes large-scale sports and entertainment assets, such as the ROSHN Stadium, reinforcing its role in enabling the Kingdom’s growing events and leisure economy.

Sustainability remains a defining feature

ALDANA IN DHAHRAN

across all ROSHN giga-projects. Developments

Building communities for over two million residents

GIGA PROJECT - ROSHN GROUP 95

SEDRA COMMUNITY IN RIYADH emphasize energy efficiency, green spaces,

Importantly, ROSHN’s multi-sector approach

and pedestrian-friendly environments,

reflects the evolving nature of giga-projects in

alongside ambitious initiatives such as

Saudi Arabia. No longer limited to construction,

planting more than one million trees

these developments are catalysts for economic

across its communities. This aligns

diversification, unlocking opportunities in

closely with national programs including

retail, tourism, logistics, and hospitality while

the Saudi Green Initiative and broader

creating new employment ecosystems.

environmental targets under Vision 2030.

As ROSHN continues to scale, its integrated model is setting a new benchmark for urban living in the region that blends cultural authenticity with innovation, and infrastructure with lifestyle.

Advancing sustainability through green, walkable developments

ROSHN GROUP VISIT WEBSITE

96 GIGA PROJECTS - ALULA DEVELOPMENT COMPANY (UDC)

NUMAJ ENTERS CONSTRUCTION PHASE BREAKING GROUND ON A NEW CHAPTER IN ALULA’S DEVELOPMENT JOURNEY.

GIGA PROJECTS - ALULA DEVELOPMENT COMPANY (UDC) 97

98 GIGA PROJECTS - ALULA DEVELOPMENT COMPANY (UDC)

A

lUla Development Company

that enhance its long-term appeal as a global

NUMAJ, a 250-key hotel expected to open in

(UDC), a Public Investment Fund

destination and a vibrant community.”

2027, is being developed by AlUla Development

(PIF) company, today announced the

Company and will be operated by Marriott

commencement of construction on NUMAJ,

The start of construction signals the transition

International under the Autograph Collection

Autograph Collection, marking a key milestone

of NUMAJ from concept to execution, further

Hotels brand. Designed by GioForma, the

in the delivery of its development pipeline

reinforcing UDC’s role as the development

architects behind the iconic Maraya, the

and AlUla’s continued transformation.

and investment engine driving AlUla’s

project draws inspiration from AlUla’s natural

masterplan into tangible, world-class

landscapes, cultural heritage, and celestial

assets, in close collaboration with RCU.

history. The name “NUMAJ” is derived from

The milestone was marked during a site visit attended by John Pagano, Managing Director of UDC and Abeer AlAkel, Chief Executive Officer of the Royal Commission for AlUla (RCU), as well as other senior leadership representatives.

John Pagano, Managing Director of UDC, said: “NUMAJ marks a clear step forward in our delivery agenda. As we move into construction, our focus is on executing highquality, investment-ready developments that strengthen AlUla’s positioning, while shaping distinctive hospitality experiences

John Pagano, Managing Director of UDC, said: “NUMAJ marks a clear step forward in our delivery agenda. As we move into construction, our focus is on executing high-quality, investment-ready developments that strengthen AlUla’s positioning, while shaping distinctive hospitality experiences that enhance its long-term appeal as a global destination and a vibrant community.”

GIGA PROJECTS - ALULA DEVELOPMENT COMPANY (UDC) 99

the star system Nu Ursae Majoris, historically

Designed with sustainability at its core,

unlocking investment opportunities, and

associated with AlUla as a guiding reference

NUMAJ is targeting LEED Gold certification,

supporting economic diversification.

for ancient travelers. This narrative is reflected

incorporating environmentally responsible

in a design concept rooted in discovery,

practices such as greywater reuse for

light, and a deep connection to the land.

irrigation, locally sourced materials, UV-resistant glazing, water-efficient

The development will offer a curated

landscaping, and energy-conscious lighting

hospitality experience that blends refined

aligned with AlUla’s Dark Sky policy.

resort living with immersive cultural and lifestyle elements. Guests will experience

NUMAJ forms part of UDC’s growing portfolio

thoughtfully designed spaces that reflect

of developments shaping AlUla into a global

AlUla’s identity, alongside a range of amenities

destination to visit, live, and invest in. Through

including five dining venues, wellness facilities,

its projects, UDC contributes to Saudi Arabia’s

and integrated business and leisure offerings.

Vision 2030 by enabling sustainable tourism,

UDC contributes to Saudi Arabia’s Vision 2030 by enabling sustainable tourism AlUla DEVELOPMENT COMPANY VISIT WEBSITE

100 GIGA PROJECTS - PORT OF NEOM

PORT OF NEOM DRIVES GLOBAL TRADE ADVANCED, SUSTAINABLE GATEWAY POSITIONING NEOM AT HEART OF GLOBAL LOGISTICS NETWORKS.

GIGA PROJECTS - PORT OF NEOM 101

102 GIGA PROJECTS - PORT OF NEOM

A

s NEOM continues to take shape as

Already operational and handling cargo,

Central to the port’s transformation is

one of the world’s most ambitious

the port provides a comprehensive range

the development of its new T1 container

giga-projects, the Port of NEOM is emerging

of services including containerized freight,

terminal, scheduled to launch in 2026 with a

as a cornerstone of its economic and

bulk cargo, project logistics, warehousing,

capacity of up to 1.5 million TEU. Designed to

industrial vision. Strategically located on the

and roll-on/roll-off ferry operations. These

accommodate the world’s largest vessels, the

Red Sea near the Suez Canal, the port sits

capabilities are designed to deliver predictable,

facility features a 550-meter access channel,

at the crossroads of global east–west trade

high-volume throughput while supporting the

an 18.5-meter draft, and a 900-meter quay

routes, connecting Asia, Africa, and Europe

rapid development underway across NEOM and

wall. It will also introduce the Kingdom’s

while strengthening regional integration.

the wider northwest region of Saudi Arabia.

first fully automated ship-to-shore cranes,

Sustainability is embedded at the core of the port’s design. Operations will be powered by renewable energy, with fully electric equipment and low-emission technologies such as cold ironing at berth. Construction has incorporated low-carbon materials, while dredged materials have been repurposed within the wider Oxagon development, reinforcing NEOM’s commitment to circular and environmentally responsible infrastructure.

supported by advanced digital systems that enhance efficiency, accuracy, and reliability.

Sustainability is embedded at the core of the port’s design. Operations will be powered by renewable energy, with fully electric equipment and low-emission technologies

Strategic Red Sea location links three continents seamlessly

GIGA PROJECTS - PORT OF NEOM 103

such as cold ironing at berth. Construction has incorporated low-carbon materials, while dredged materials have been repurposed within the wider Oxagon development, reinforcing NEOM’s commitment to circular and

Renewable energy powers next-generation port operations

environmentally responsible infrastructure.

sustainability, the Port of NEOM is set to redefine maritime trade in the region. As NEOM evolves, the port will remain a critical enabler connecting industries, accelerating supply chains, and positioning Saudi Arabia as a global logistics powerhouse.

is already facilitating the transport of timeBeyond infrastructure, the Port of NEOM

sensitive goods and expanding trade flows

is playing a growing role in reshaping

beyond traditional container shipping.

regional and international logistics. Recent developments include the activation of a

Advanced industrial ecosystem the port is

multimodal corridor linking Europe, Egypt,

not only a logistics hub but also a catalyst

NEOM, and the GCC, enabling faster and

for economic diversification, innovation,

more flexible cargo movement through

and job creation. Training programs are

integrated land and sea routes. This initiative

equipping Saudi talent for high-tech

Multimodal corridors enhance global trade connectivity

roles such as remote crane operations,

Fully automated terminal boosts efficiency and throughput

supporting the Kingdom’s broader ambitions for a knowledge-based economy.

With continued investment, cuttingedge automation, and a clear focus on

PORT OF NEOM VISIT WEBSITE

104 GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT

ISLAND FAMILY ESCAPE REIMAGINED

INTERCONTINENTAL RED SEA RESORT BLENDS LUXURY, ADVENTURE, AND WELLNESS FOR MULTIGENERATIONAL STAYS.

GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT 105

106 GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT

S

et along the unspoiled shores of Shura

Guests are invited to immerse themselves in

spaces, the experience strikes a refined balance

Island, InterContinental The Red Sea

a seamless blend of luxury and adventure,

between shared moments and personal retreat.

Resort is redefining the concept of family

centered around the resort’s innovative family

travel with a spring offer designed to bring

enclave concept. Thoughtfully designed with

Accommodation options, including Two-

generations together. Surrounded by turquoise

semi‑private terraces and outdoor living

and Three-Bedroom Suites as well as

waters and soft white sands, the resort offers an

A seamless blend of luxury and adventure

interconnected layouts, provide direct

exclusive island escape where privacy, comfort, and shared experiences take center stage.

access to the beach, allowing families to move effortlessly between indoor comfort

GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT 107

Beachfront suites designed for connection and privacy and seaside exploration. These thoughtfully designed spaces encourage connection while maintaining a sense of exclusivity.

Real-world testing within RSG destinations

Younger guests are engaged at Planet Trekkers

such as Rainbow Art Lab, the program ensures

Kids’ Club, where a fully gated beachside

memorable experiences for children of all ages.

splash park, climbing wall, and a variety of supervised activities create an environment

Beyond the resort, guests are introduced to

for both fun and learning. From treasure hunts

one of the world’s most remarkable marine

along the shoreline to creative workshops

environments. Located near the fourthlargest coral reef, the destination offers

Endless marine adventures on pristine coral-rich waters

exceptional snorkeling and scuba diving opportunities, alongside a wide range of water sports including kayaking, paddleboarding, e-foiling, and windsurfing. On land, Shura

108 GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT

Links golf course, along with tennis, padel, and beach volleyball facilities, provides additional recreation, while nearby adventure parks offer adrenaline-driven activities.

As evening falls, the island’s dark-sky policy reveals a stunning canopy of stars, creating a tranquil setting for reflection and shared moments.

Wellness is a defining element of the resort experience. At Spa InterContinental, the Moroccan Hammam offers immersive

Wellness journeys inspired by nature and tradition

GIGA PROJECTS - INTERCONTINENTAL RED SEA RESORT 109

treatments centered on three distinct journeys

With its combination of pristine landscapes,

of Happiness, Calm, and Resolve. Built into

curated experiences, and thoughtful

a natural dune, the spa’s design enhances

design, InterContinental The Red Sea

relaxation through intimate, cocoon-like

Resort offers a compelling destination for

spaces. Guests can also participate in yoga,

families and travelers seeking meaningful

Pilates, sound therapy, and guided wellness

connection in a truly unique setting.

sessions tailored to individual needs.

Dining further elevates the stay, with Executive Chef Feras leading Darein, a restaurant inspired by the culinary traditions of the Levant and North Africa.

INTERCONTINENTAL RED SEA RESORT

Complementing this is Murrma’s pastry

+966 14 504 0007

program, where innovative desserts combine scientific insight with refined technique to create memorable culinary moments.

VISIT WEBSITE EMAIL US

110 MEGA PROJECTS - DLR GROUP

KNOWLEDGE CITY REDEFINES MADINAH LIVING DLR GROUP MASTER PLAN DELIVERS A TRANSIT-ORIENTED, KNOWLEDGE-DRIVEN URBAN DESTINATION IN SAUDI ARABIA.

MEGA PROJECTS - DLR GROUP 111

112 MEGA PROJECTS - DLR GROUP

S

et across 6.8 million square meters

pathways, cycling routes, and EV-enabled

linking Africa, Asia, and Europe, it positions

in Madinah, Knowledge Economic

infrastructure. More than 20 kilometers of

the city as a vital economic gateway.

City (KEC) is emerging as one of Saudi

soft mobility corridors promote walkability

Arabia’s most ambitious mixed-use urban

while reducing reliance on private vehicles.

developments, redefining how cities are

The master plan introduces a series of distinctive districts, each designed to serve

conceived, delivered, and experienced. Master

At its core, KEC is envisioned as a cultural and

a unique purpose. The Islamic World District

planned by DLR Group, the project introduces

economic hub that strengthens Madinah’s

celebrates heritage and cultural engagement,

a forward-thinking model centered on

global position. The development aims

while Avenue Garden delivers a vibrant

Productive Urbanism by prioritizing innovation,

to attract millions of pilgrims and visitors

retail and lifestyle experience. Madinah

connectivity, and human-centric design over

annually while fostering knowledge-based

Gardens offers tranquil, green spaces, and

traditional consumption-led development.

industries and international investment. By

Madinah Gate establishes a new urban center

Strategically located near the Prophet’s

“Knowledge Economic City is a landmark project that honors Madinah’s historical significance while looking boldly to the future. Our mission was to design a city that would be both a global destination” DLR Group Senior Associate and Middle East Master planning Director, Shawn Meyers, LEED AP

Mosque and key transport hubs, KEC is designed as a fully integrated, transitoriented city. Its master plan revolves around the Al-Haramain high-speed rail station, supported by a robust mobility network that includes Bus Rapid Transit (BRT), pedestrian

MEGA PROJECTS - DLR GROUP 113

supporting pilgrims and residents alike.

a seamless blend of nature and urban life.

KEC’s scale is equally impressive, featuring

Sustainability and smart city integration are

more than 36,000 residential units and over

embedded throughout the development.

36,500 hotel keys, alongside 780,000 square

Energy-efficient buildings, renewable energy

meters of commercial, retail, and cultural

solutions, and landscape-integrated cooling

space. Central parks and interconnected

systems contribute to environmental resilience.

new benchmark for urban development in

green corridors enhance livability, creating

Smart mobility hubs, digital corridors, and

the Kingdom, one that aligns innovation,

real-time monitoring systems further enhance

livability, and cultural identity within a

operational efficiency and user experience.

cohesive, future-ready framework.

Transit-oriented design anchored by high-speed rail connectivity

Over 36,000 homes and 36,500 hotel keys planned

With phased completion targeted by 2030, Knowledge Economic City represents a

Smart mobility and digital systems power efficient city life

DLR GROUP

+971 4 568 7742

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114 TECHNOLOGY - LENOVO

LENOVO ESTABLISHES REGIONAL HQ IN RIYADH MILESTONE INVESTMENT SUPPORTING REGIONAL GROWTH AND SAUDI VISION 2030.

TECHNOLOGY - LENOVO 115

116 TECHNOLOGY - LENOVO

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enovo today announced the official opening of its Middle East, Türkiye

and Africa (META) Regional Headquarters in Riyadh (RHQ), marking a strategic milestone in the company’s long-term investment in the Kingdom and its commitment to supporting Saudi Arabia’s Vision 2030 objectives.

The official opening was marked by a formal ceremony attended by the Minister of Investment of the Kingdom of Saudi Arabia, His Excellency Mr. Fahad bin Abduljalil Al‑Saif, alongside senior government officials, strategic partners, and Lenovo leaders.

As part of the occasion, Lenovo also hosted a high‑level visit to its manufacturing site in Riyadh, welcoming His Excellency the Minister of Investment, alongside several ministerial level officials from multiple government entities, as well as key CEOs from both the private and public sectors who were received by His Excellency Abdulaziz Al-Duailej, President of GACA. During the visit, the delegation met with 28 Saudi graduate engineers who have recently returned from China after completing Lenovo’s Saudi Smart Manufacturing Graduate Program, delivered in partnership with the Human Resources Development Fund, the Ministry of Industry and Mineral Resources, and

UNDERSCORES LENOVO’S

innovation, and collaboration, further

ALAT. Trained at Lenovo’s global manufacturing

CONFIDENCE IN SAUDI ARABIA

strengthening the Kingdom’s position as a

facilities, the graduates are now back in

The RHQ serves as Lenovo’s central hub for

growing global technology and business center.

Riyadh, ready to apply world‑class expertise

regional strategy, and operations across

and become the next first generation of

the META region. The opening underscores

The Riyadh RHQ also forms a core pillar of

Saudi technical leaders at Lenovo’s facility.

Lenovo’s confidence in Saudi Arabia as a

Lenovo’s broader strategic collaboration

strategic base for regional decision making,

with ALAT, and sits alongside Lenovo’s

His Excellency Mr. Fahad bin Abduljalil Al‑Saif, Minister of Investment of the Kingdom of Saudi Arabia, stated: “Lenovo’s decision to establish its Middle East, Türkiye and Africa Regional Headquarters in Riyadh reflects the strength of the Kingdom’s partnership with leading global technology companies and the effectiveness of the Regional Headquarters Program. Lenovo’s continued investments in advanced manufacturing, supply chain localization, talent development, and regional operations demonstrate strong confidence in Saudi Arabia as a long‑term base for innovation and growth and contribute directly to our Vision 2030 objectives of building a competitive, diversified, and export‑oriented economy.”

TECHNOLOGY - LENOVO 117

Commenting on the opening, Tareq Alangari, Senior Vice President and President of Lenovo Middle East, Türkiye and Africa, said: “Today’s opening of our META Regional Headquarters in Riyadh is a proud moment for Lenovo and a clear statement of our long‑term commitment to Saudi Arabia. By anchoring our regional leadership and operations in the Kingdom, we are strengthening our ability to serve customers across the region, invest in local talent, and contribute meaningfully to Saudi Arabia’s Vision 2030. Riyadh will play an increasingly important role in Lenovo’s global growth story.” and development center, talent enablement

LENOVO REAFFIRMS ITS POSITION AS A

programs, and a customer experience center.

LONG‑TERM TECHNOLOGY PARTNER

Together, these initiatives reflect Lenovo’s

With the official opening of its META Regional

continued commitment to supporting the

Headquarters in Riyadh, Lenovo reaffirms

creation of thousands of local jobs, enabling

its position as a long‑term technology

knowledge transfer, and driving long‑term

partner to Saudi Arabia, supporting

economic value creation in Saudi Arabia.

the Kingdom’s ambitions to become a global hub for innovation, advanced

Through the establishment and opening of the

manufacturing, and digital transformation.

RHQ, Lenovo is positioning Riyadh as a key hub for its activities across more than 6 markets

Located in Majdoul Tower, one of Riyadh’s most

in the META region. The headquarters will

prominent commercial landmarks, Lenovo’s

support closer collaboration with customers

Regional Headquarters is situated at the heart

ongoing investments in the Kingdom.

and partners, enable faster and more

of the Kingdom’s growing innovation and

These include an advanced manufacturing

localised decision‑making, and anchor future

business district. The tower hosts a number of

facility with capacity to produce up to two

investments in innovation, skills development,

government entities, investment institutions,

million PCs and smartphones, a research

and strategic partnerships across the region.

and leading international companies, reflecting its role as a focal point for strategic investments and regional operations in Saudi Arabia.

LENOVO

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Use your book to: – Commemorate milestones – Celebrate completed projects – Showcase innovation and expertise – Position leadership as thought leaders – Create timeless marketing assets As featured in leading industry platforms, we work with private offices, family businesses, and corporations across the Gulf and Europe. Your story deserves more than a press release. It deserves permanence.

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TECHNOLOGY - MORROW BATTERIES 119

MORROW ENTERS DEFENCE SUPPLY CHAIN NORWEGIAN BATTERY MANUFACTURER TO SUPPLY CELLS TO MAJOR GERMAN DEFENCE COMPANY.

T

he contract follows a 12-month

"Our cells delivered consistently high

testing programme in which Morrow's

performance throughout extensive

cells were benchmarked against

evaluation, demonstrating the

established international manufacturers.

stability this sector demands," says

Results confirmed that Norwegian-produced

Morrow CEO Jon Fold von Bülow.

batteries meet stringent performance and reliability requirements for security-critical

The initial delivery will support the

applications. The customer cannot be

customer's product development

named due to confidentiality obligations.

and qualification programme.

"Our cells delivered consistently high performance throughout extensive evaluation, demonstrating the stability this sector demands," says Morrow CEO Jon Fold von Bülow.

120 TECHNOLOGY - MORROW BATTERIES

"Batteries are now mission-critical in defence systems and integral to operational capability, not just components. We require consistent, verifiable performance, and NATO exercises in the High North have proven that Morrow can deliver. Their cells provided the operational reliability, cold-weather performance, and field robustness essential for realworld deployment," says Jarle Gjøsæther, CEO of Nordic Batteries.

JARLE GJØSÆTHER, CEO OF NORDIC

C BATTERIES

TECHNOLOGY - MORROW BATTERIES 121

JON FOLD VON BÜLOW, MORROW CEO

PROVEN IN THE NORDIC

This agreement reflects the growing need

DEFENCE ECOSYSTEM

for European and Nordic production of

Morrow's battery technology has been

battery cells that can deliver documented

rigorously tested through its partnership

performance and security of supply," says Jon

with Nordic Batteries. The cells have been integrated into systems deployed during NATO exercises in Northern Norway, including at NATO's Heimdal test arena, where industrial and military partners evaluate equipment under extreme Arctic conditions.

"Batteries are now mission-critical in defence systems and integral to operational capability, not just components. We require consistent, verifiable performance, and NATO exercises in the High North have proven that Morrow can deliver. Their cells provided the operational reliability, coldweather performance, and field robustness essential for real-world deployment," says Jarle Gjøsæther, CEO of Nordic Batteries.

"Batteries have become a strategic component in both defence and critical infrastructure. This agreement reflects the growing need for European and Nordic production of battery cells that can deliver documented performance and security of supply," says Jon.

GROWING DEMAND FOR EUROPEAN BATTERY TECHNOLOGY European defence and industrial companies are placing increasing emphasis on supply-chain security and access to critical

MORROW BATTERIES

technology produced in Europe.

"Batteries have become a strategic component in both defence and critical infrastructure.

VISIT WEBSITE

DESIGNING THE FUTURE TOGETHER, THE NEW FACE OF BUNA HOLDING Experience the evolution of a brand built on quality, innovation, and trust.

For over two decades, BUNA Holding has shaped Saudi Arabia’s built environment, from visionary developments to world-class interiors. Now, with a revitalized brand and renewed purpose, we continue our mission to redefine quality and partnership in the construction and design sectors.

Built on Integrity, Driven by Vision

Collaborating for Excellence

Our new identity represents not just a look, but a

We believe in partnership. By working closely

legacy — honoring our past while embracing the

with architects, developers, and consultants, we

innovation that defines tomorrow’s design.

ensure every product enhances the spaces that inspire Saudi Arabia’s modern landscape.

Where Precision Meets Vision Committed to delivering high-quality

A Commitment to Progress

projects through seamless integration,

From sustainability to smart design, BUNA stands

sustainability, and strategic partnerships.

for continuous evolution — aligning with Vision 2030’s call for innovation and excellence.

Discover how BUNA Holding is shaping a smarter, more beautiful built environment. www.bunholding.com info@bunaholding.com +966 12 658 6686