Saudi Projects Issue 66

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

HIRST

BREEZE

LOUIS RAYNER

MARIA ARNOLD

MUHAMMAD AHMED

ROD MILLINGTON

SAFFRON FOLEY

WASEEM ASMAR

CONTACT

saudiprojects@tpg.media

www.saudiprojects.media

MEDIA TEAM

VOLUNTEERING THAT DELIVERS IMPACT

Bupa Arabia initiatives empower over 750 beneficiaries through partnerships and employee participation. Amid accelerating efforts to enhance social responsibility and national solidarity, Saudi institutions are increasingly adopting innovative operational models that support community initiatives across various sectors. These efforts aim to establish integrated

institutional frameworks that create meaningful humanitarian impact for the most vulnerable groups, while activating the role of volunteerism and community partnerships in building a vibrant and sustainable society. In recent months, Bupa Arabia for Cooperative Insurance has launched a series of community initiatives as part of an integrated corporate social responsibility

program, grounded in the values of care, commitment, and collaboration. The program focuses on delivering tangible health and humanitarian impact through a model that integrates volunteer work, community partnerships, and measurable outcomes, in alignment with the goals of Vision 2030 and the Health Sector Transformation Program.

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.

RCRC OPENS INVESTMENT OPPORTUNITIES FOR METRO STATIONS

RCRC invites investors to participate in five flagship metro naming opportunities.

The Royal Commission for Riyadh City (RCRC) has announced the launch of an investment auction for the naming rights of five Riyadh Metro key stations: Al-Murooj, An-Nuzhah, King Fahd District 1, Al-Rabi, and Jarir District. This initial group of stations is

being offered under long-term contracts with a 10-year duration. RCRC has invited local and international private-sector investors to participate in this opportunity, which is governed by strict regulations and standards comparable to those applied in major public transit systems around the world.

Bids from interested companies ends 10 May

RCRC will receive bids from interested companies through the “Furas” platform from Wednesday, 8 April 2026 to Sunday 10 May 2026. Following the submission period, applications will be reviewed, the winning bids announced, and the relevant contracts awarded.

SAUDIA CARGO STRENGTHENS PHARMA LOGISTICS

New SFDA partnership ensures resilient medical supply chains with significant air freight incentives.

Saudia Cargo, the leading national air cargo carrier in the Kingdom, today announced the launch of a strategic initiative with the

Saudi Food and Drug Authority (SFDA). This initiative aims to enhance the supply chains for pharmaceutical shipments and medical supplies, aligning with the Kingdom’s national objectives to ensure the continuous flow of essential shipments. The initiative includes

offering significant facilities and a price reduction of up to 50% on shipping costs.

EXPANDING GLOBAL ACCESS TO SAUDI EQUITIES

PIF anchors State Street ETF to broaden international investor participation.

PIF and State Street Investment Management (State Street IM), one of the world’s largest asset managers, today announced the launch of the State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Ticker: SAQL) with PIF as anchor investor. The fund actively invests in equities of companies in Saudi Arabia using a quantitative multi-factor stock selection model.

SAQL has its primary listing on the Xetra exchange in Germany and is cross listed on the LSE in the United Kingdom, where a bell ringing ceremony was held.

PIF BOARD APPROVES 2026–2030 STRATEGY

New phase chaired by Crown Prince advances Saudi Arabia’s economic transformation.

The Board of Directors of PIF, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of PIF, has approved PIF’s 20262030 strategy, which is a continuation of PIF’s long-term strategy. The strategy will focus on

delivering competitive domestic ecosystems to connect sectors, unlock the full potential of strategic assets, maximize long-term returns, and continue to drive the economic transformation of Saudi Arabia and further enhance the quality of life of its citizens.

The 2026-2030 strategy marks a natural evolution as PIF moves from a period of rapid growth and acceleration to a new

phase of sustained value creation, with a strengthened focus on maximizing impact, raising the efficiency of investments, and applying the highest standards of governance, transparency and institutional excellence. In addition, PIF will further enable the role of the private sector as an effective partner for sustainable economic development.

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

PIF, KHC AGREE ON AL-HILAL MAJORITY STAKE

Agreement reinforces PIF-led transformation with stronger governance, infrastructure, and value growth.

PIF and Kingdom Holding Company (KHC) today signed a binding share sale and purchase agreement for KHC to acquire 70% of the share capital of Al-Hilal Club Company (Al-Hilal), one

of the top football clubs in Saudi Arabia and Asia, based on an enterprise value of SAR 1.4 billion for the total share capital of Al-Hilal. The sale aligns with PIF’s strategy to maximize returns and redeploy capital within the domestic economy. This strategy supports PIF’s wider efforts to drive the

development and diversification of Saudi Arabia. PIF is unlocking opportunities to make a transformative impact in the Saudi sports sector and deliver positive, long-term results.

Abby Bekheit -Avantgarde Group

Avantgarde Group has appointed Abby Bekheit as Managing Director, marking a strategic move to strengthen its leadership footprint in the Middle East.

Abby brings over two decades of experience in project management, brand experiences, and large-scale event delivery, with a proven track record of leading multidisciplinary teams across complex environments.

for global brands, combining operational rigor with creative execution. In her new role, she will oversee regional operations, drive growth strategies, and deepen client engagement across key markets.

Her appointment reflects Avantgarde’s commitment to innovation and excellence, as the company continues to expand its presence and capabilities across the Kingdom and wider region. CONNECT ON LINKEDIN

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

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Haithem Alfaraj - Neo Space Group

Neo Space Group (NSG) has appointed Haithem Alfaraj as Chief Executive Officer, marking a significant step in advancing Saudi Arabia’s ambitions within the global space sector.

Haithem brings extensive experience in technology, aerospace, and strategic leadership, with a strong track record of building high-performance teams and scaling innovative ventures. In his new

role, he will lead NSG’s growth strategy, oversee the development of advanced satellite and space solutions, and strengthen partnerships across international markets.

His leadership is expected to play a pivotal role in positioning NSG as a key enabler of the Kingdom’s space economy, supporting national priorities in connectivity, data, and technological advancement.

Mark Wouters - The Chedi Hegra

The Chedi Hegra has welcomed Mark Wouters as General Manager, bringing seasoned leadership to one of the Kingdom’s most distinctive luxury destinations.

Mark has an extensive background in highend hospitality, having held senior roles across internationally renowned hotel brands. Known for delivering exceptional guest experiences and operational excellence, he has consistently elevated

brand positioning in competitive markets.

At The Chedi Hegra, he will oversee preopening and operational strategies, ensuring the property reflects both world-class standards and the cultural heritage of AlUla.

His appointment aligns with Saudi Arabia’s broader tourism ambitions, as the Kingdom continues to develop unique, experience-led destinations that attract global travelers.

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Mick Satsangi - Dulsco Environment

Dulsco Environment has appointed Mick Satsangi as Chief Executive Officer, signaling a renewed focus on sustainability-led growth.

Mick brings a wealth of leadership experience in environmental services, circular economy strategies, and large-scale operational transformation. Known for driving innovation in waste management and resource recovery, he has led initiatives that align commercial success with environmental responsibility.

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In his new role, he will steer Dulsco Environment’s strategic direction, accelerate digitalization, and expand its sustainability solutions across the region.

His appointment comes at a critical time as demand for integrated environmental services continues to grow, particularly in Saudi Arabia, where sustainability is central to national development agendas.

Eric Beranger-Fenouillet - Bain & Company

Bain & Company has named Eric BerangerFenouillet as its Middle East Managing Partner, reinforcing its leadership team amid sustained regional growth.

With extensive experience advising governments, sovereign wealth funds, and leading corporations, Eric is recognized for his expertise in strategy, transformation, and performance improvement.

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

Vision 2030 initiatives and major national transformation programs. In his new position, he will lead the firm’s regional strategy, talent development, and client engagement efforts.

His appointment underscores Bain’s continued investment in the Middle East, positioning the firm to capitalize on emerging opportunities across sectors including energy, infrastructure, and digital innovation..

Ahmed Al Shamsi - Trojan Construction Group

Ahmed Al Shamsi has been appointed Group Chief Executive Officer of Trojan Construction Group, one of the region’s largest construction and infrastructure organizations.

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

role in delivering major projects across the UAE and international markets.

Al Shamsi brings more than 25 years of executive leadership experience spanning construction, infrastructure, oil and gas, and industrial sectors.

INTEGRATING

MEP FOR SAUDI GIGA PROJECTS

HOW EMCOTECH IS DELIVERING COORDINATED, FUTURE-READY SYSTEMS ACROSS THE KINGDOM’S LANDMARK DEVELOPMENTS.

As Saudi Arabia accelerates one of the world’s most ambitious construction pipelines, the focus is often drawn to iconic architecture and transformative masterplans. Yet behind every landmark development lies a sophisticated layer of

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

engineering that determines how these assets perform. Mechanical, electrical, and plumbing (MEP) systems have become central to delivering efficiency, sustainability, and long-term value, particularly across the Kingdom’s giga-project landscape.

At the center of this transformation is EMCOTECH, a specialist MEP contractor supporting complex developments with integrated, performance-driven delivery.

ENGINEERING THE BACKBONE OF GIGA PROJECTS

Saudi Arabia’s giga-projects, aligned with Saudi Vision 2030 are redefining the expectations placed on infrastructure. These developments demand not only scale but precision, sustainability, and seamless integration across multiple systems and disciplines.

EMCOTECH has positioned itself to meet these demands through a comprehensive service

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 and a strong Saudi presence since 2012, the company brings both regional experience and technical depth to high-profile projects.

This philosophy underpins EMCOTECH’s approach to complex developments, where adaptability and precision are essential.

A HOLISTIC APPROACH TO MEP DELIVERY

In giga-project environments, fragmented engineering approaches can lead to inefficiencies, delays, and costly rework. EMCOTECH addresses this by adopting a fully integrated MEP delivery model treating mechanical, electrical, and plumbing systems as a unified scope from concept to completion.

Delivering fully coordinated MEP for complex giga developments

This methodology enhances coordination, improves accuracy, and ensures that all systems function as a cohesive whole. It also enables tighter control over timelines and budgets which is critical in fastpaced, large-scale developments.

By aligning engineering delivery with project objectives, EMCOTECH ensures that MEP systems contribute directly to operational performance and user experience.

NAVIGATING COMPLEXITY AT SCALE

Giga-projects introduce a unique set of challenges, from vast construction footprints to multi-stakeholder coordination and demanding schedules. MEP contractors must manage logistics, sequencing, and integration while maintaining strict adherence to quality and safety standards.

EMCOTECH’s experience across sectors including district cooling,

healthcare, hospitality, residential, and infrastructure enables it to adapt to these challenges with confidence.

Recent projects such as Sumou Tower in Jeddah and Sumou Gate in Madinah

Digital engineering driving efficiency, accuracy, and performance

highlight the company’s ability to deliver full-scope MEP solutions across complex, high-profile developments.

From high-rise systems to large-scale infrastructure, EMCOTECH’s teams focus on proactive coordination and meticulous planning to maintain project momentum and minimize risk.

DIGITAL ENGINEERING DRIVING PRECISION

As project complexity increases, digital tools

are becoming essential to successful delivery. EMCOTECH leverages technologies such as Building Information Modeling (BIM) to enhance coordination and reduce clashes during the design and construction phases.

Beyond BIM, the integration of advanced monitoring and smart systems supports long-term operational performance, ensuring that assets remain efficient and resilient well beyond handover.

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

This commitment to innovation is embedded in the company’s broader mission to integrate advanced technologies and sustainable practices into every project.

DELIVERING VALUE THROUGH PARTNERSHIP

In today’s construction landscape, success is defined not only by delivery but by long-term value creation. EMCOTECH’s emphasis on collaboration and relationship-building reflects this shift.

This partnership-driven approach enables EMCOTECH to deliver tailored solutions

that align with client goals, enhance asset performance, and support lifecycle efficiency.

SUPPORTING THE KINGDOM’S FUTURE

As Saudi Arabia continues to advance its Vision 2030 agenda, the importance of integrated engineering solutions will only grow. MEP systems are no longer secondary considerations, they are fundamental to achieving sustainability targets, enabling smart infrastructure, and ensuring operational excellence.

EMCOTECH’s focus on quality, innovation, and integrated delivery positions it as a key contributor to this evolving landscape. By delivering the systems that power and sustain giga-projects, the company is helping to transform ambitious concepts into high-performing realities.

In a market defined by scale, speed, and complexity, EMCOTECH’s ability to integrate disciplines, leverage technology, and maintain a client-first mindset underscores its role as a trusted partner

Aligning engineering delivery with Vision 2030 goals

in Saudi Arabia’s construction future.

CONFLICT, CONTRACTS AND CONSTRUCTION RISK

THE LEGAL RAMIFICATIONS OF THE GULF’S STRAITENED CIRCUMSTANCES.

The 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

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.

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

may order an extension of time to restore the contractual balance. 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. That said, failure to comply with conditions precedent requiring timely and particulars- compliant notices could prejudice entitlement to an extension of time, leaving exposure to liquidated damages in place.

DISRUPTION TO THE SUPPLY

CHAIN AND COST ESCALATION

Given the drop in shipping traffic through the Strait of Hormuz, supply and prices of critical materials such as steel, cement, concrete, aluminium and gases have been materially affected. Parties will have to revisit their

terms and conditions to gauge the impact but some redress may be afforded by Article 471 (3) of the CTL which empowers a court to order an increase or decrease in the contract price where exceptional circumstances have undermined the basis of the financial estimate.

CHANGE IN LAW

During and in response to hostilities, government directives such as airport closures and safety protocols may constitute a change in law with time and money entitlement for an affected party (while force majeure only provides entitlement to time). Parties should, however, be alive to restrictions in some public sector contracts which restrict change in law entitlement to legislative changes only, thereby excluding executory or regulatory measures.

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.

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.

MASTER BUILDERS TO ACQUIRE ARKAZ

DEFINITIVE AGREEMENT WITH ALTURKI HOLDING STRENGTHENS

CONSTRUCTION CHEMICALS PORTFOLIO.

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 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”

Key strategic drivers include access to 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.

“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.”

Master Builders Solutions is a leading global manufacturer of concrete admixtures,

“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”

underground construction products, and other innovative solutions for the construction industry. Driven by its vision,

“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.”

Inspiring people to build better, the company provides value-added technologies and market-leading R&D capabilities to enhance

the performance of construction materials and reduce CO₂ emissions in concrete 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.

SUCCESS THROUGH COLLABORATIVE CONTRACTING

CLEAR RISK ALLOCATION, TRANSPARENCY AND LEADERSHIP DRIVE PROJECT SUCCESS.

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, open to audits, and clearly understood by all stakeholders. Without transparency, contractors may fear unrecovered costs, while employers may suspect inflated claims, leading to a breakdown in trust. Constructive communication between parties is equally essential to resolving issues before they escalate. NEC contracts promote collaboration through tools like EWNs and risk registers, encouraging open dialogue and mutual trust.

Early identification of issues is crucial to mitigating them effectively. NEC mechanisms like EWNs and risk registers are designed

Clear risk

allocation prevents disputes and delays

to facilitate proactive risk management. Failure to use these tools often accelerates disputes, making early identification and resolution a cornerstone of successful project management. Strong leadership in contract management is also essential for transforming potential disputes into manageable challenges, ensuring all parties remain focused on collaborative problemsolving rather than adversarial behavior.

Proper management of compensation events under NEC Clause 60 is another vital consideration. Key aspects include changes to works information, employer risk events, and delays not caused by the contractor. Effective compensation event management maintains commercial trust and helps keep projects on track. Adjudication preparedness

Transparency in costs builds trust between stakeholders

is also important, as adjudication is a fast dispute resolution method, particularly in the UK, where it is supported by statutory rights under the Housing Grants, Construction and Regeneration Act 1996. While adjudication can resolve disputes quickly, it can also strain relationships, making it a last resort rather than a first option.

Maintaining contemporary records is a fundamental practice that supports claims and dispute resolution. In disputes, the party with the best records often prevails. Writing everything down and maintaining accurate

documentation ensures that all parties are prepared for any potential disagreements.

Finally, collaborative contracting frameworks, such as those promoted by NEC contracts, encourage cooperation over adversarial behavior. Mechanisms like pain-gain share and transparent cost accounting foster mutual trust. While no contract is perfect, NEC’s structure compels parties to work together, often leading to more successful outcomes.

In conclusion, the success of construction projects depends on the effective application of these principles. By fostering collaboration, ensuring transparency, and leveraging strong leadership, construction professionals can navigate challenges and achieve project goals. Legal knowledge, combined with commercial and behavioral leadership, is essential for creating a more efficient and collaborative construction industry.

SOURCES:

Construction projects: Expert Case Study: 10 Essentials for Successful Construction Projects:

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RHEEM UNVEILS SMART HVAC INNOVATIONS

ADVANCED WATER HEATING AND COOLING SOLUTIONS DESIGNED FOR EFFICIENCY, SUSTAINABILITY, AND GULF CLIMATES.

Rheem, a global leader in HVACR and water heating solutions, has introduced two advanced product lines to the Middle East and Africa (MEA) market: the Odin Plus Hybrid Heat Pump Water Heater and the Century Comfort Ducted Inverter Series. Designed to meet the region’s growing demand for energy-efficient and environmentally responsible systems, these innovations combine performance, 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

for developers and homeowners. With a Coefficient of Performance (COP) of up to 3.86 and a low power consumption of just 430 watts, the unit achieves high output with minimal energy input.

Equipped with a Direct Current (DC) inverter compressor and inverter fans, the system continuously adjusts its operation to match demand. This not only enhances efficiency

but also ensures quieter performance and extended product lifespan compared to traditional fixed-speed systems.

The unit is also PV-ready and compatible with solar energy systems, supporting further reductions in energy use. Integrated Wi-Fi and Rheem’s EcoNet® Smart Monitoring System allow users to control settings remotely, receive alerts, and monitor performance in real time.

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.”

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

improved comfort while significantly lowering energy consumption and operating costs.

The system is designed to operate efficiently in both high and low ambient temperatures, ensuring uninterrupted performance even in extreme weather. Reduced vibration and noise levels enhance user comfort, while built-in safety features, including highand low-pressure controls and multiple sensors ensure reliable operation.

With high EER and CSPF ratings across T1 and T3 conditions, and the use of R32 refrigerant, the system delivers superior energy efficiency with lower environmental impact compared to conventional refrigerants.

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.”

Aligned with Rheem’s 2035 sustainability goals, including a 30% reduction in greenhouse gas emissions intensity across product lifecycles, the new product range reflects a forward-thinking approach to innovation. Backed by more than a century of expertise, Rheem continues to develop solutions that enhance comfort while supporting a more sustainable built environment.

Smart monitoring enables remote control and real-time system insights

Precast Group has established itself as strategic enabler of industrial automation and digital transformation across the Middle East and North African region. 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 efficiency, resilience, and intelligence.

With a diversified, multi-sector portfolio, Precast goes beyond conventional automation. Its approach integrates industrial systems, digital platforms, and domainspecific expertise to help organizations modernize operations, optimize assets, and respond effectively to increasingly complex and data-driven environments.

CORE AUTOMATION AND DIGITAL SOLUTIONS FOR MISSION-CRITICAL OPERATIONS

 At the heart of Precast’s offering is a comprehensive suite of automation technologies designed to support critical

infrastructure and industrialoperations. These include: Remote Terminal Units (RTUs) for real-time field data acquisition Advanced SCADA and control systems

 Irrigation and environmental automation systems Fault-tolerant and high-availability architectures

 Industrial cybersecurity frameworks

 Enterprise-level digital transformation platforms

Through its SCADA Center of Excellence, Precast delivers fully integrated systems that enable real-time monitoring, predictive maintenance, and operational control. This approach allows clients to reduce downtime, enhance productivity, and ensure system reliability across diverse applications.

Digital transformation plays a central role, with capabilities such as smart manufacturing, digital twins, and enterprise asset management systems helping organizations transition toward data-driven decisionmaking and automation-led growth.

SMART CITIES AND INTELLIGENT INFRASTRUCTURE

Precast plays a key role in advancing smart city initiatives across the region. Its solutions integrate field devices, communication networks, and centralized control systems to create connected, intelligent urban ecosystems.

From utilities and transport systems to public services, Precast enables cities to operate more efficiently and sustainably. By leveraging automation and real-time analytics, the company supports the development of resilient, future-ready infrastructure aligned with national digital transformation agendas.

MANUFACTURING AND INDUSTRIAL PROCESS OPTIMIZATION SYSTEMS

In the manufacturing sector, Precast delivers end-to-end automation solutions that transform production environments into highly efficient, digitally synchronized operations.

Its “Digital Factory” approach connects manufacturing execution systems (MES) with enterprise processes, creating a unified

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 to achieve operational excellence while adapting to evolving market demands.

WATER, IRRIGATION, AND ENVIRONMENTAL SUSTAINABILITY

Precast’s advanced automation solutions extend into water management and irrigation systems, where sustainability and efficiency are critical. The company designs and deploys intelligent irrigation solutions, including centralized controllers and decoder-based networks, to optimize water usage across diverse landscapes.

In water and wastewater management, its systems provide reliable monitoring and control, ensuring efficient resource utilization and compliance with environmental standards. These solutions are particularly relevant in arid regions, where water conservation is a strategic priority.

SPECIALIZED INDUSTRY APPLICATIONS

Precast extends its expertise to a range of specialized sectors:

KAMAL DIAB, MANAGING DIRECTOR

 Oil & Gas: Enhancing operational safety, uptime, and process efficiency in high-risk environments

 Healthcare: Leveraging AI-driven systems and CMMS platforms to optimize facility management and operational workflows

 Food & Beverage: Ensuring production consistency, quality control, and compliance with stringent industry standards

Across all sectors, cybersecurity remains a critical focus, with integrated solutions designed to safeguard industrial systems, data, and infrastructure from evolving threats.

A HOLISTIC, FUTURE-READY APPROACH

What sets Precast apart is its holistic approach to automation - delivering not just systems, but integrated ecosystems that connect operations, data, and decision-making.

By bridging the gap between operational technology (OT) and information technology

(IT), Precast enables organizations to unlock new levels of efficiency, agility, and long-term value. Its solutions are designed not only to meet current operational needs but to scale with future demands. With a strong foundation in SCADA and a forward-looking vision for digital transformation,, the company continues to play a pivotal role in shaping the future of intelligent automation across the region.

RAISING INDUSTRIAL CONSTRUCTION QUALITY STANDARDS

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

audi Arabia’s industrial construction sector is expanding at an unprecedented pace, fueled by ambitious infrastructure programs and the transformative goals of Vision 2030. As demand accelerates, so too does the need for consistent, highquality project delivery. Within this evolving landscape, DAC Group has positioned itself as a key contributor to raising standards across industrial construction, combining engineering expertise with a disciplined approach to quality, safety, and innovation.

A STRONG FOUNDATION IN INDUSTRIAL EXPERTISE

DAC Group operates at the intersection of engineering, construction, and project management, delivering complex industrial projects across the Kingdom. With a portfolio spanning oil and gas, utilities, manufacturing, and infrastructure, the company has developed a reputation for executing technically

demanding projects while maintaining strict adherence to international quality benchmarks.

ITS INTEGRATED SERVICE MODEL COVERING

design, procurement, construction, and commissioning enables DAC Group to maintain control over quality throughout the project lifecycle. This end-to-end approach reduces fragmentation, improves coordination, and ensures that standards are consistently applied from concept through completion.

ADDRESSING INDUSTRY-WIDE CHALLENGES

Despite significant progress, Saudi Arabia’s industrial construction sector continues to face several structural challenges. Quality control inconsistencies, evolving regulatory requirements, and a shortage of highly skilled labor can impact project outcomes. In addition, large-scale developments often involve complex stakeholder ecosystems, increasing the risk of delays and misalignment.

Safety remains another critical priority. As projects grow in scale and complexity, ensuring robust health and safety practices across diverse worksites becomes increasingly demanding. At the same time, the sector is under pressure to improve productivity while reducing costs, an equation that requires smarter processes rather than simply more resources.

DAC Group recognizes these challenges not as obstacles, but as opportunities to lead industry-wide improvements.

EMBEDDING QUALITY AT EVERY LEVEL

At the core of DAC Group’s strategy is a

Driving measurable improvements in industrial project delivery

commitment to embedding quality into every aspect of its operations. This begins with the adoption of internationally recognized standards and continues through rigorous internal quality assurance and control systems.

The company invests heavily in workforce development, recognizing that skilled personnel are fundamental to delivering consistent results. Training programs focus on technical competencies, safety practices, and quality management, ensuring that teams are equipped to meet evolving project requirements. By prioritizing continuous learning, DAC Group helps bridge the skills gap that persists across the sector.

Technology also plays a central role. The integration of Building Information Modeling (BIM) and digital quality monitoring tools enables real-time oversight of construction activities. These systems enhance accuracy, reduce rework, and provide greater transparency for clients and stakeholders. Digitalization not only improves efficiency but also creates a data-driven culture where quality performance can be measured, analyzed, and continuously improved.

DELIVERING RESULTS THROUGH EXECUTION EXCELLENCE

DAC Group’s impact is best illustrated through its project delivery. Across multiple industrial developments, the

company has demonstrated its ability to meet stringent quality requirements while adhering to tight schedules and budgets.

By implementing structured quality management frameworks, DAC Group has reduced defects, improved inspection outcomes, and enhanced overall project reliability. Its emphasis on proactive planning and risk mitigation ensures

Elevating safety, compliance, and workforce capability standards

that potential issues are identified early and addressed before they escalate.

Safety performance has also seen measurable improvements. Through strict compliance protocols, regular audits, and a strong safety culture, DAC Group continues to reduce incident rates and create safer working environments across its projects.

Leveraging digital tools for real-time quality assurance

COLLABORATION AS A CATALYST FOR PROGRESS

Raising quality standards across an entire sector requires collaboration. DAC Group actively engages with government entities, clients, and industry partners to align on best practices and shared objectives. These partnerships enable knowledge exchange, foster innovation, and ensure that quality improvements are implemented at scale.

By working closely with regulatory bodies, DAC Group stays ahead of evolving compliance requirements, helping to set benchmarks for the industry. Its collaborative approach also strengthens relationships

with clients, enabling more transparent communication and better project outcomes.

SUPPORTING VISION 2030 GOALS

DAC Group’s efforts are closely aligned with Saudi Arabia’s Vision 2030, which emphasizes economic diversification, localization, and increased efficiency across key industries. By raising construction quality standards, the company contributes to improving the overall competitiveness of the Kingdom’s industrial sector.

Enhanced quality leads to longer asset lifespans, reduced maintenance costs, and greater investor confidence, critical factors

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.

Sustainability is also becoming an increasingly important consideration. DAC Group is expected to integrate environmentally 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, influencing the broader construction 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

rapid transformation, such leadership will be essential in ensuring that growth is matched by excellence at every level.

BUNA HOLDING BUILDING A

SAUDI-FOCUSED PORTFOLIO

ALIGNING STRATEGIC INVESTMENTS WITH VISION 2030’S TRANSFORMATIVE INFRASTRUCTURE AND DEVELOPMENT AGENDA.

audi Arabia’s ambitious Saudi Vision 2030 continues to reshape the Kingdom’s economic and urban landscape, placing infrastructure, construction, and sustainable development at the center of national progress. As giga-projects and largescale developments accelerate, companies like BUNA Holding are playing a vital role in building a diversified, Saudi-focused portfolio that supports the Kingdom’s long-term objectives.

A BLUEPRINT FOR TRANSFORMATION

Vision 2030 aims to reduce reliance on oil, diversify the economy, and create vibrant, livable cities. Central to this transformation is a wave of landmark

developments, including NEOM, Qiddiya City, The Line, Red Sea Global and Jeddah Tower (Sumou Towers). These projects are not only redefining urban design but also setting new benchmarks in sustainability, digital integration, and quality of life.

The scale and complexity of these initiatives demand robust construction management, engineering expertise, and integrated service delivery, areas where Buna Holding continues to strengthen its capabilities.

BUNA HOLDING’S STRATEGIC ROLE

Buna Holding has positioned itself as a key contributor to Saudi Arabia’s development

ecosystem by aligning its portfolio with Vision 2030 priorities. Through its focus on construction management, engineering consultancy, and energy services, the company supports both public and private sector clients across critical sectors.

By adopting a Saudi-focused investment strategy, Buna Holding prioritizes projects that directly contribute to national development goals. This includes infrastructure, residential and mixed-use developments, energy solutions, and industrial projects. The company’s integrated approach ensures that projects are delivered efficiently, on time, and in line with international quality standards.

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

Aligning investments with national development priorities

across the Kingdom increasingly incorporate green building standards, renewable energy solutions, and environmentally responsible construction practices.

Projects such as those led by Red Sea Global exemplify regenerative tourism, while NEOM integrates renewable energy and smart infrastructure at an unprecedented scale. Buna Holding contributes to these efforts by embedding sustainability into project planning, execution, and lifecycle management.

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

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 such as artificial intelligence, digital twins, and Building Information Modeling (BIM) are increasingly being deployed across construction and infrastructure projects.

Buna Holding embraces these innovations to enhance project efficiency, reduce costs, and improve decision-making. Digital tools enable real-time monitoring, predictive maintenance, and optimized resource allocation critical factors in managing large-scale developments.

Driving sustainable construction across major developments

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Buna Holding’s Saudi-focused portfolio plays a direct role in this growth by supporting project delivery and enabling infrastructure expansion. The company’s activities contribute to GDP growth while fostering local talent development and supply chain localization.

Leveraging innovation to enhance project delivery

strategic planning, strong partnerships, and adaptive project management.

For Buna Holding, these challenges present opportunities to innovate, expand capabilities, and strengthen its market position. By leveraging its expertise and aligning closely with Vision 2030 objectives, the company is well positioned to capitalize on the Kingdom’s ongoing transformation.

alignment needed to turn vision into reality.

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.

Mostapha Mokdad is Managing Director of DHL Supply Chain Saudi Arabia, where he leads strategic operations across one of the Kingdom’s fastest-growing logistics markets. With extensive experience in supply chain management and regional logistics transformation, Mostapha plays a key role in aligning DHL’s investments with Saudi Arabia’s Vision 2030 ambitions. His expertise spans infrastructure development, operational efficiency, and digital integration, helping to position the Kingdom as a competitive global logistics hub capable of supporting complex, future-ready supply chains.

Under Vision 2030, the Kingdom of Saudi Arabia is redefining its role in global trade. It is no longer just a destination market,

Saudi Arabia emerges as critical Gulf logistics gateway

but is becoming a production base, a distribution platform, and a regional gateway connecting Asia, Europe, and Africa. This shift is supported by significant infrastructure investments designed to enable faster, more flexible trade flows, with a direct impact on the Kingdom’s resilience capacity.

The strategic importance of this transformation has been clearly demonstrated in recent weeks. As geopolitical developments increased complexity across Middle East logistics networks, established transit routes and hubs were temporarily constrained. In response, supply chains across the region had to adjust quickly, activating alternative gateways and transport modes. Saudi Arabia proved critical in this context. When certain airspaces were unavailable for an extended period, Riyadh emerged as a key alternative gateway into and out of the Gulf. Cargo was rerouted via Saudi Arabia, supported by additional cross-border trucking solutions.

Infrastructure investment underpins supply chain resilience

At the same time, ocean freight was discharged at alternative ports, including Red Sea gateways, with onward distribution enabled through the regional road network. These shifts were possible because robust underlying infrastructure was already in place, from advanced facilities to strong road connectivity and integrated logistics platforms. This allowed DHL to keep goods moving and continue serving the entire GCC region from the onset of the disruption.

This demonstrates that supply chain resilience is not an abstract concept reliant on a single solution. Rather, it is the result of how infrastructure is planned and deployed. Networks designed with multiple

Riyadh plays pivotal role during regional disruptions

gateways, scalable warehousing, and strong inland connectivity can adapt, even under pressure. This success is further supported by well-coordinated collaboration between government entities and the private logistics and transport sector in the Kingdom.

At DHL Supply Chain, our long-term commitment to Saudi Arabia reflects this 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

King Khalid International Airport, the advanced multi-user warehouse is built for scale and flexibility, serving multiple industries while enabling fast inbound and outbound flows.

The lesson is clear: resilience is built before disruption occurs. In Saudi Arabia, the combination of pace, scale, and long-term planning is creating a logistics ecosystem designed not only for growth, but for continuity. Beyond physical infrastructure, digital capabilities are critical enablers from real-time visibility to coordinated decisionmaking. With advanced, integrated solutions in place, supply chains gain the agility needed

to operate in a more volatile world. For companies, Saudi Arabia offers more than capacity; it provides a future-ready platform that supports resilience today while enabling sustainable growth for years to come.

Resilience Starts Long Before Disruption

SEA TO AIR LOGISTICS ACCELERATES

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

As the Kingdom strengthens its position as a global logistics hub under Vision 2030, Saudi Ports Authority (Mawani) is playing a pivotal role in advancing multimodal connectivity. In its latest strategic move, Mawani has joined forces with Saudia Cargo and Zakat, Tax and Customs Authority (ZATCA) to launch a sea-to-air logistics corridor along the Kingdom’s western coast.

Seamless port-to-airport cargo transfer enhances logistics efficiency

The initiative introduces integrated logistics routes that connect seaports with airports, enabling cargo to shift seamlessly between maritime and air transport. Designed to respond to evolving global shipping patterns and air freight schedules, the corridor enhances supply chain resilience while maintaining the speed and efficiency required by international markets.

At the heart of the program is Jeddah Islamic Port, where initial operations are already underway. The port serves as a key entry point for maritime shipments, which are then rapidly transferred to air cargo hubs for onward distribution. This coordinated approach significantly reduces

Single customs declaration accelerates cargo clearance processes

transit times while offering a cost-effective alternative to traditional logistics routes.

ZATCA’s integrated customs framework is a critical enabler of the corridor’s success. By allowing shipments to move under a single customs declaration, supported by preclearance processes and smart inspection technologies, cargo can transition from port to runway with minimal delay. This streamlined

Islamic Port anchors western corridor operations

regulatory environment reinforces Saudi Arabia’s reputation as a secure and efficient logistics gateway bridging East and West.

For Mawani, the development aligns with its broader strategy to enhance port efficiency, expand connectivity, and support the Kingdom’s ambitions to become a leading 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.

Meanwhile, Saudia Cargo continues to leverage its extensive international network, spanning around 100 airport destinations and 250 customer destinations to ensure the smooth movement of goods across continents. Its role in the corridor underscores the growing importance of integrated logistics solutions that combine maritime scale with air freight speed.

The sea-to-air corridor also supports a wide range of cargo types, from e-commerce and pharmaceuticals to perishables and highvalue shipments. By enabling flexible routing options, the initiative allows businesses

Mawani investments boost capacity, connectivity, and digital transformation

to adapt quickly to disruptions while maintaining continuity in supply chains.

As global trade dynamics continue to shift, collaborations such as this demonstrate how Saudi Arabia is proactively reshaping its logistics ecosystem. Through the combined efforts of Mawani, Saudia Cargo, and ZATCA, the Kingdom is not only safeguarding cargo flows but also reinforcing its strategic position as a vital link in international trade.

ARAMCO ADVANCES GAS GROWTH MILESTONES

Aramco, 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

establishing it as a global benchmark for unconventional gas development. Since its inception, the project has leveraged technology to help lower drilling and stimulation costs and boost well productivity, contributing to the project’s strong economic outlook.

Covering an area of 17,000 square kilometers, Jafurah is estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion stock tank barrels of . By 2030, it aims to deliver 2 billion standard cubic feet of sales gas per day, 420 million standard cubic feet of ethane per day, and approximately 630,000 barrels of high-value liquids per day.

TANAJIB

Tanajib Gas Plant is a key component of Aramco’s strategy to increase gas processing capabilities and diversify its energy product 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.

The commencement of operations at Tanajib coincided with the start of production at Aramco’s Marjan crude oil increment. The plant, which features digital integration, enhanced operational efficiency, complex project delivery, and maximum resource utilization, processes associated raw gas from crude oil production 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

substantial added value and reinforcing Aramco’s position as a reliable energy supplier.

In addition to helping meet rising demand for natural gas, and enhancing supplies to national industries, Aramco’s gas growth strategy supports efforts to achieve a more optimal energy mix for domestic electricity production. It also advances the Kingdom’s liquid fuel displacement program, complements the Kingdom’s 2060 net-zero ambition, reinforces energy security and contributes to building a diverse national economy.

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

DELIVERING PROJECTS IN A BOOMING MARKET

HOW BUNA AL KHALEEJ IS MEETING DEMAND IN SAUDI ARABIA’S FAST-GROWING CONSTRUCTION SECTOR.

Scaling operations to match unprecedented market demand

must deliver at speed while maintaining quality, safety, and compliance with evolving regulations. Supply chain pressures, workforce demands, and tight project timelines add further layers of challenge.

BUILDING SAUDI ARABIA’S ONE LANDMARK AT A TIME

coordination across all phases, from planning and design through to construction and handover, ensuring consistency and efficiency throughout the lifecycle of each project.

Buna Al Khaleej has positioned itself to thrive in this environment by aligning its operations with the Kingdom’s ambitious growth trajectory, ensuring it remains agile, responsive, and capable of scaling alongside market demand.

Expertly delivering complex projects with precision, performance, and a vision aligned with the Kingdom’s future.

RIDING THE WAVE OF SAUDI MARKET EXPANSION

The scale and pace of Saudi Arabia’s construction boom are reshaping the industry. Mega-developments, new economic cities, transportation networks, and industrial zones are being developed simultaneously, creating a highly competitive and fast-moving market.

This rapid expansion presents both opportunity and complexity. Contractors

BUILDING A STRONG PROJECT PORTFOLIO

Buna Al Khaleej’s growing portfolio reflects its ability to execute projects across multiple sectors. From industrial facilities to infrastructure developments, the company has

Delivering complex projects with speed and precision

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 INNOVATION AND EXPERTISE

Innovation is central to Buna Al Khaleej’s ability to deliver in a fast-moving market. The company leverages modern construction techniques and digital tools to improve efficiency, accuracy, and collaboration.

Advanced project management systems enable real-time tracking of progress, helping teams identify issues early and

make informed decisions. This data-driven approach enhances transparency and accountability, both internally and for clients.

Equally important is the company’s commitment to quality and safety. Strict adherence to international standards ensures that projects meet high-performance benchmarks, while comprehensive safety programs create secure working environments across all sites.

ALIGNING WITH VISION 2030

Buna Al Khaleej’s work is closely aligned with Saudi Arabia’s Vision 2030 objectives, particularly in the areas of infrastructure development and economic diversification. By contributing to key projects, the company plays a role in shaping the Kingdom’s future landscape.

Its focus on efficiency, quality, and local workforce development supports broader

A COMMITMENT TO SUSTAINABLE CONSTRUCTION

SAUDI ARABIA’S FUTURE, LANDMARK AT A TIME

complex projects with precision, aligned with the Kingdom’s future.

Supporting Vision 2030 through strategic construction delivery

national goals, including improving productivity and increasing local participation in the construction sector. Through its projects, Buna helps create the physical and economic foundations necessary for long-term growth.

As sustainability becomes an increasingly important priority, Buna Al Khaleej is integrating environmentally responsible practices into its operations. This includes optimizing resource use, reducing waste, and adopting construction methods that minimize environmental impact.

By aligning with global sustainability trends and local regulations, the company ensures that its projects are not only efficient but also environmentally conscious, an essential consideration for the future of construction in Saudi Arabia.

SUSTAINING GROWTH AND EXCELLENCE

The outlook for Saudi Arabia’s construction sector remains strong, with continued investment and development expected across multiple industries. For Buna Al Khaleej, this

presents an opportunity to further expand its capabilities and strengthen its market position.

Future growth will likely be driven by continued innovation, investment in workforce development, and a deepening commitment to quality and sustainability. By staying aligned with market needs and national priorities, Buna Al Khaleej is well positioned to remain a trusted partner in the Kingdom’s ongoing transformation.

ALEC 2025 ESG REPORT SETS

REPORT UNDERSCORES STRONG SAFETY PERFORMANCE, RESPONSIBLE OPERATIONS AND A ROBUST GOVERNANCE FRAMEWORK POST-LISTING.

ALEC Holdings PJSC (“ALEC Holdings” or “ALEC”) today released its 2025 Sustainability & Environmental, Social and Governance (ESG) Report, outlining noteworthy progress across employee safety and welfare, while setting new benchmarks for value-driven operations conduct and reinforcing the company’s governance framework following its public listing.

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

Further reinforcing this commitment, the Group achieved LEED Platinum certification at the ALEC Holdings HQ and LEED Gold certification at the ALEMCO Corporate Office and ALEC Dubai Industrial City Yard.

EMPLOYEE HEALTH, SAFETY AND WELLBEING

Employee safety and wellbeing remain ALEC Holdings’ top material objective. In 2025, the Group recorded a 52% improvement in its Lost Time Injury Frequency Rate (LTIFR) and a

27% reduction in Lost Time Injuries year-onyear. The company maintains ISO 45001:2018 certification across all business units.

Notably, through 2025 the company engaged 22,094 workers in health awareness and preventive care programmes, expanded medical coverage to include psychiatric care, congenital conditions, developmental delays and IVF support, and appointed 30+ Engagement and Wellbeing Champions.

“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.”

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 to increased awareness and trust in the reporting process while enabling employees, subcontractors and vendors to confidentially report misconduct or policy violations.

The company also completed the rollout of a Unified Supplier Code of Conduct and enhanced internal governance through mandatory ethics training, conflict-of-interest declarations and risk-based Code of Conduct procedures. These measures reinforce

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

ALEC Holdings’ zero-tolerance approach to bribery and corruption while strengthening oversight across its supply chain. The Group also strengthened ESG governance with an expanded Sustainability Committee, chaired by the CFO, having representation from all entities and core functional departments, ensuring ESG is embedded in strategy, risk, and capital allocation.

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

emissions, lower labour intensity, shorter construction timelines, and enhanced safety and quality outcomes. At the same time, ALEC grew its renewable energy footprint, reaching a cumulative installed solar capacity of 6.421 MWp across assets and projects. Battery Energy Storage Systems (BESS) and hybrid generators were also integrated across sites in the UAE and KSA, supporting more efficient and sustainable operations.

The

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

“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.”

The Group maintained its ISO 14001:2015 certification across 100% of its operations in the UAE & KSA, while diverting 69% of operational waste from landfills across its sites and assets. In parallel, the deployment of Pulse, ALEC Technologies’ real-time energy and

water monitoring platform, reduced electricity consumption by 122,294 kWh across three offices. The platform is now being piloted on select project sites and offered to clients as part of ALEC’s broader sustainability solutions.

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:

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

 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

DRIVING HVACR STANDARDS FORWARD

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

As the Kingdom accelerates large-scale development under Vision 2030, ensuring high-performance, energy-efficient HVACR systems has become a critical priority. In this exclusive interview, Saudi Projects sits down with Markus Lattner, Managing Director of Eurovent Middle East, to explore how the 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

mission, its role in supporting regional stakeholders, and the growing importance of compliance in delivering sustainable, future-ready projects across Saudi Arabia.

SAUDI PROJECTS: The GCC has led many sustainability initiatives in the past. How

important is sustainability especially for the resilience of the region?

MARKUS LATTNER: Sustainability is fundamental to resilience. The fewer resources we rely on, the stronger and more adaptable we become. In a region

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.

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.

On refrigerants, the region is actively progressing towards lower Global Warming Potential (GWP) alternatives. This transition reflects strong alignment with global sustainability goals, while also ensuring that existing systems continue to be safely and effectively serviced during the transition period.

From a supply chain perspective, the region is becoming increasingly self-reliant. We are seeing a growing presence of both local and international manufacturers producing within

Industry readiness supports stability despite supply chain uncertainties

the GCC, strengthening industrial capacity and supporting regional resilience.

At the same time, to fully realise this potential, there is a need to continue raising awareness on the long-term benefits of energy efficiency, invest in skills and qualification to support the refrigerant transition, and further strengthen local supply chains. Given the critical role HVACR plays in both sustainability and resilience, addressing these areas collectively remains a key priority for us as an industry association.

SAUDI PROJECTS: What are the biggest challenges currently facing the sustainability and cooling industry?

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

Peace and stability remain foundations of regional economic growth

chain. Like many industries, we are closely monitoring disruptions that could lead to delays, cost pressures, and potential shortages.

Based on regular calls with our members, including ongoing checkins and market feedback, the overall outlook remains reassuring. The industry is well prepared to navigate the current situation, and to date, no force majeure has been declared on existing contracts.

That said, we are seeing upward pressure on costs, particularly driven by increased

shipping premiums. While this is something the industry is managing carefully, it has not

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.

translated into any significant disruption in the availability of products or services.

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

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 attention remains the global economic outlook. If current geopolitical tensions are resolved in the near term, we do not anticipate any significant impact. However, if uncertainty persists into the coming months, it may place additional pressure on global markets.

SAUDI PROJECTS: Do you have any advice for our readers? How can people improve their resilience?

MARKUS LATTNER: Advice varies depending on the type of user, but a few core principles apply across the board.

For building owners and operators, the most important step is to ensure that HVACR systems are properly maintained. In the current environment, it is particularly important to check for leaks and ensure refrigerant levels are adequate. Always

work with qualified service personnel who can accurately detect and fix issues. If maintenance is frequently requiring refrigerant top-ups, this is usually a sign that the root cause is not being properly addressed.

For businesses and facility managers, planning ahead is key. We always recommend scheduling servicing before the peak season, when demand for maintenance increases and costs can rise. Well-maintained equipment operates more efficiently, which not only improves reliability but also reduces energy consumption and operating costs during the hottest months of the year.

For end users more broadly, awareness plays an important role. The more you understand the systems you rely on, the better equipped you are to use them efficiently and identify potential issues early. Knowledge is power. Taking time to

review user manuals or access reliable online resources can make a meaningful difference.

Resilience comes down to preparation, proper maintenance, and informed decision-making and small steps that can have a significant impact over time.

Proactive

CLOUD SPACES EXPANDS IN RIYADH

PREMIUM FLEXIBLE WORKSPACES DESIGNED FOR PRODUCTIVITY, COLLABORATION, AND BUSINESS GROWTH.

Cloud 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 the UAE, Saudi Arabia, and beyond. With a focus on both wellbeing and productivity,

its workspaces promote a more flexible and balanced approach to professional life. Today, with two premium locations in

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

The Roshn Front location includes more than 100 fully serviced offices, with options for teams of all sizes. Amenities include highspeed secure Wi-Fi, ergonomic furnishings, dedicated business services, and advanced technology infrastructure. Three fully equipped meeting rooms support training, presentations, and virtual collaboration, while a flexible events space accommodates workshops, talks, and private functions with catering available upon request.

Strategic Riyadh location near airport and business hubs

Over

100 serviced offices with flexible workspace solutions

Additional features include an open terrace for relaxation and informal meetings, with select offices offering private outdoor access or terrace views. A concierge service and dedicated on-site team manage day-to-day operations, complemented by convenient free parking to ensure a smooth and efficient experience.

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

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.

ROSHN GROUP DRIVING INTEGRATED URBAN TRANSFORMATION

A MULTI-ASSET GIGA-PROJECT RESHAPING HOW SAUDI ARABIA LIVES, WORKS, AND CONNECTS.

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.

A ALDANA IN DHAHRAN

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 across all ROSHN giga-projects. Developments

Building communities for over two million residents

SEDRA COMMUNITY IN RIYADH

emphasize energy efficiency, green spaces, and pedestrian-friendly environments, alongside ambitious initiatives such as planting more than one million trees across its communities. This aligns closely with national programs including the Saudi Green Initiative and broader environmental targets under Vision 2030.

Importantly, ROSHN’s multi-sector approach reflects the evolving nature of giga-projects in Saudi Arabia. No longer limited to construction, these developments are catalysts for economic diversification, unlocking opportunities in retail, tourism, logistics, and hospitality while creating new employment ecosystems.

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.

ROSHN GROUP

NUMAJ ENTERS CONSTRUCTION PHASE

BREAKING GROUND ON A NEW CHAPTER IN ALULA’S DEVELOPMENT JOURNEY.

AlUla Development Company (UDC), a Public Investment Fund (PIF) company, today announced the commencement of construction on NUMAJ, Autograph Collection, marking a key milestone in the delivery of its development pipeline and AlUla’s continued transformation.

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

that enhance its long-term appeal as a global destination and a vibrant community.”

The start of construction signals the transition of NUMAJ from concept to execution, further reinforcing UDC’s role as the development and investment engine driving AlUla’s masterplan into tangible, world-class assets, in close collaboration with RCU.

NUMAJ, a 250-key hotel expected to open in 2027, is being developed by AlUla Development Company and will be operated by Marriott International under the Autograph Collection Hotels brand. Designed by GioForma, the architects behind the iconic Maraya, the project draws inspiration from AlUla’s natural landscapes, cultural heritage, and celestial history. The name “NUMAJ” is derived from

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.”

the star system Nu Ursae Majoris, historically associated with AlUla as a guiding reference for ancient travelers. This narrative is reflected in a design concept rooted in discovery, light, and a deep connection to the land.

The development will offer a curated hospitality experience that blends refined resort living with immersive cultural and lifestyle elements. Guests will experience thoughtfully designed spaces that reflect AlUla’s identity, alongside a range of amenities including five dining venues, wellness facilities, and integrated business and leisure offerings.

Designed with sustainability at its core, NUMAJ is targeting LEED Gold certification, incorporating environmentally responsible practices such as greywater reuse for irrigation, locally sourced materials, UV-resistant glazing, water-efficient landscaping, and energy-conscious lighting aligned with AlUla’s Dark Sky policy.

NUMAJ forms part of UDC’s growing portfolio of developments shaping AlUla into a global destination to visit, live, and invest in. Through its projects, UDC contributes to Saudi Arabia’s Vision 2030 by enabling sustainable tourism,

unlocking investment opportunities, and supporting economic diversification.

PORT OF NEOM DRIVES GLOBAL TRADE

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

As NEOM continues to take shape as one of the world’s most ambitious giga-projects, the Port of NEOM is emerging as a cornerstone of its economic and industrial vision. Strategically located on the Red Sea near the Suez Canal, the port sits at the crossroads of global east–west trade routes, connecting Asia, Africa, and Europe while strengthening regional integration.

Already operational and handling cargo, the port provides a comprehensive range of services including containerized freight, bulk cargo, project logistics, warehousing, and roll-on/roll-off ferry operations. These capabilities are designed to deliver predictable, high-volume throughput while supporting the rapid development underway across NEOM and the wider northwest region of Saudi Arabia.

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.

Central to the port’s transformation is the development of its new T1 container terminal, scheduled to launch in 2026 with a capacity of up to 1.5 million TEU. Designed to accommodate the world’s largest vessels, the facility features a 550-meter access channel, an 18.5-meter draft, and a 900-meter quay wall. It will also introduce the Kingdom’s first fully automated ship-to-shore cranes, 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

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.

Beyond infrastructure, the Port of NEOM is playing a growing role in reshaping regional and international logistics. Recent developments include the activation of a multimodal corridor linking Europe, Egypt, NEOM, and the GCC, enabling faster and more flexible cargo movement through integrated land and sea routes. This initiative

Renewable energy powers next-generation port operations

is already facilitating the transport of timesensitive goods and expanding trade flows beyond traditional container shipping.

Advanced industrial ecosystem the port is not only a logistics hub but also a catalyst for economic diversification, innovation, and job creation. Training programs are equipping Saudi talent for high-tech roles such as remote crane operations, supporting the Kingdom’s broader ambitions for a knowledge-based economy.

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

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.

Multimodal

ISLAND FAMILY ESCAPE REIMAGINED

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

et along the unspoiled shores of Shura Island, InterContinental The Red Sea Resort is redefining the concept of family travel with a spring offer designed to bring generations together. Surrounded by turquoise waters and soft white sands, the resort offers an exclusive island escape where privacy, comfort, and shared experiences take center stage.

Guests are invited to immerse themselves in a seamless blend of luxury and adventure, centered around the resort’s innovative family enclave concept. Thoughtfully designed with semi-private terraces and outdoor living spaces, the experience strikes a refined balance between shared moments and personal retreat.

A seamless blend of luxury and adventure

Accommodation options, including Twoand Three-Bedroom Suites as well as interconnected layouts, provide direct access to the beach, allowing families to move effortlessly between indoor comfort

Beachfront suites designed for connection and privacy

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

Younger guests are engaged at Planet Trekkers Kids’ Club, where a fully gated beachside splash park, climbing wall, and a variety of supervised activities create an environment for both fun and learning. From treasure hunts along the shoreline to creative workshops

Endless marine adventures on pristine coral-rich waters

such as Rainbow Art Lab, the program ensures memorable experiences for children of all ages.

Beyond the resort, guests are introduced to one of the world’s most remarkable marine environments. Located near the fourthlargest coral reef, the destination offers exceptional snorkeling and scuba diving opportunities, alongside a wide range of water sports including kayaking, paddleboarding, e-foiling, and windsurfing. On land, Shura

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

treatments centered on three distinct journeys of Happiness, Calm, and Resolve. Built into a natural dune, the spa’s design enhances relaxation through intimate, cocoon-like spaces. Guests can also participate in yoga, Pilates, sound therapy, and guided wellness 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. Complementing this is Murrma’s pastry program, where innovative desserts combine scientific insight with refined technique to create memorable culinary moments.

With its combination of pristine landscapes, curated experiences, and thoughtful design, InterContinental The Red Sea Resort offers a compelling destination for families and travelers seeking meaningful connection in a truly unique setting.

KNOWLEDGE CITY REDEFINES MADINAH LIVING

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

Set across 6.8 million square meters in Madinah, Knowledge Economic City (KEC) is emerging as one of Saudi Arabia’s most ambitious mixed-use urban developments, redefining how cities are conceived, delivered, and experienced. Master planned by DLR Group, the project introduces a forward-thinking model centered on Productive Urbanism by prioritizing innovation, connectivity, and human-centric design over traditional consumption-led development.

Strategically located near the Prophet’s 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

pathways, cycling routes, and EV-enabled infrastructure. More than 20 kilometers of soft mobility corridors promote walkability while reducing reliance on private vehicles.

At its core, KEC is envisioned as a cultural and economic hub that strengthens Madinah’s global position. The development aims to attract millions of pilgrims and visitors annually while fostering knowledge-based industries and international investment. By

linking Africa, Asia, and Europe, it positions the city as a vital economic gateway.

The master plan introduces a series of distinctive districts, each designed to serve a unique purpose. The Islamic World District celebrates heritage and cultural engagement, while Avenue Garden delivers a vibrant retail and lifestyle experience. Madinah Gardens offers tranquil, green spaces, and Madinah Gate establishes a new urban center

“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

supporting pilgrims and residents alike.

KEC’s scale is equally impressive, featuring more than 36,000 residential units and over 36,500 hotel keys, alongside 780,000 square meters of commercial, retail, and cultural space. Central parks and interconnected green corridors enhance livability, creating

Transit-oriented design anchored by high-speed rail connectivity

a seamless blend of nature and urban life.

Sustainability and smart city integration are embedded throughout the development. Energy-efficient buildings, renewable energy solutions, and landscape-integrated cooling systems contribute to environmental resilience. Smart mobility hubs, digital corridors, and real-time monitoring systems further enhance operational efficiency and user experience.

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

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

new benchmark for urban development in the Kingdom, one that aligns innovation, livability, and cultural identity within a cohesive, future-ready framework.

Smart mobility and digital systems power efficient city life

LENOVO ESTABLISHES REGIONAL HQ IN RIYADH

MILESTONE INVESTMENT SUPPORTING REGIONAL GROWTH AND SAUDI VISION 2030.

Lenovo 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 ALAT. Trained at Lenovo’s global manufacturing facilities, the graduates are now back in Riyadh, ready to apply world-class expertise and become the next first generation of Saudi technical leaders at Lenovo’s facility.

UNDERSCORES

LENOVO’S CONFIDENCE IN SAUDI ARABIA

The RHQ serves as Lenovo’s central hub for regional strategy, and operations across the META region. The opening underscores Lenovo’s confidence in Saudi Arabia as a strategic base for regional decision making,

innovation, and collaboration, further strengthening the Kingdom’s position as a growing global technology and business center.

The Riyadh RHQ also forms a core pillar of Lenovo’s broader strategic collaboration 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.”

ongoing investments in the Kingdom. These include an advanced manufacturing facility with capacity to produce up to two million PCs and smartphones, a research

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 programs, and a customer experience center. Together, these initiatives reflect Lenovo’s continued commitment to supporting the creation of thousands of local jobs, enabling knowledge transfer, and driving long-term economic value creation in Saudi Arabia.

Through the establishment and opening of the RHQ, Lenovo is positioning Riyadh as a key hub for its activities across more than 6 markets in the META region. The headquarters will support closer collaboration with customers and partners, enable faster and more localised decision-making, and anchor future investments in innovation, skills development, and strategic partnerships across the region.

LENOVO REAFFIRMS ITS POSITION AS A LONG-TERM TECHNOLOGY PARTNER

With the official opening of its META Regional Headquarters in Riyadh, Lenovo reaffirms its position as a long-term technology partner to Saudi Arabia, supporting the Kingdom’s ambitions to become a global hub for innovation, advanced manufacturing, and digital transformation.

Located in Majdoul Tower, one of Riyadh’s most prominent commercial landmarks, Lenovo’s Regional Headquarters is situated at the heart of the Kingdom’s growing innovation and business district. The tower hosts a number of government entities, investment institutions, and leading international companies, reflecting its role as a focal point for strategic investments and regional operations in Saudi Arabia.

Whether you're a developer, consultant, or investor, what you build today will shape the future. But will your story be told?

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MORROW ENTERS DEFENCE SUPPLY CHAIN

NORWEGIAN BATTERY MANUFACTURER TO SUPPLY CELLS TO MAJOR GERMAN DEFENCE COMPANY.

The contract follows a 12-month testing programme in which Morrow's cells were benchmarked against established international manufacturers. Results confirmed that Norwegian-produced batteries meet stringent performance and reliability requirements for security-critical applications. The customer cannot be named due to confidentiality obligations.

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

The initial delivery will support the customer's product development 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.

"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.

PROVEN IN THE NORDIC DEFENCE ECOSYSTEM

Morrow's battery technology has been rigorously tested through its partnership 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.

GROWING DEMAND FOR EUROPEAN BATTERY TECHNOLOGY

European defence and industrial companies are placing increasing emphasis on supply-chain security and access to critical technology produced in Europe.

"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

"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.

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

Our new identity represents not just a look, but a legacy — honoring our past while embracing the innovation that defines tomorrow’s design.

Where Precision

Meets Vision

Committed to delivering high-quality projects through seamless integration, sustainability, and strategic partnerships.

Collaborating for Excellence

We believe in partnership. By working closely with architects, developers, and consultants, we ensure every product enhances the spaces that inspire Saudi Arabia’s modern landscape.

A Commitment to Progress

From sustainability to smart design, BUNA stands 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