Construction & Real Estate

Saudi Proptech gets funding to scale AI-enabled building materials procurement

BRKZ, a leading Saudi-based technology-enabled building materials procurement platform, has announced that it has secured $31 million in new capital to fuel its next phase of growth, including advancing its AI-powered pricing and fulfillment engine and rolling out embedded financing solutions for its network of contractors and suppliers. ...

Construction & Real Estate

Saudi Ceramics opens new showroom in Jeddah

Saudi Ceramics Company, a leading player in the building materials sector, has announced the opening of its newest showroom in the kingdom's Western Province in Jeddah. With this launch, the total number of the Saudi firm's retail showrooms across the kingdom has now risen to 70....

Construction & Real Estate

EMSTEEL supplies rebar, 80,000T cement for Etihad Rail project

EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, said it had supplied locally manufactured rebar and more than 80,000 tonnes of cement for the Etihad Rail project. These were used in the construction of passenger stations across Al Dhafra region and Abu Dhabi. ...

Construction & Real Estate

ADIA buys key stake in Indian building materials firm SG Mart

UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management. ...

Construction & Real Estate

GCC construction activity robust; building materials supply up: Report

Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution. ...

Construction & Real Estate

CBMI joins World Cement Association as associate corporate member

The World Cement Association (WCA) has announced that CBMI Construction Company has become its Associate Corporate Member. Established in 1959, CMBI is a global leading service provider of green and low-carbon solutions for the cement and building materials industry. ...

Construction & Real Estate

Dubai Investments explores investment opportunities in Oman

A delegation of Dubai Investments has held a high-level meeting with Dr Khalfan bin Saeed Al-Shuaili, Minister of Housing and Urban Planning of Oman, exploring potential investment opportunities in Oman....

Construction & Real Estate

Abu Dhabi to boost locally-made building materials use in housing projects

Abu Dhabi Projects and Infrastructure Centre (ADPIC) and Abu Dhabi Housing Authority (ADHA) have signed an agreement at ‘Make it in the Emirates 2026’, the nation’s flagship industrial platform, to increase reliance on locally manufactured building materials across housing projects in Abu Dhabi to up to 80%....

Construction & Real Estate

Dubai Investments keeps glass, steel, building materials ops running smoothly

Dubai Investments has announced that its integrated manufacturing platform - spanning glass, steel, aluminium and a range of building materials and industrial manufacturing solutions, continues to operate with full operational continuity, supporting construction and infrastructure activity across the region. ...