Sharafi Group Investments has launched Marea Residences, a boutique luxury waterfront development located on Dubai Islands. Marea Residences offers residents seamless connectivity to Downtown Dubai, DIFC, Dubai International Airport, Al Khail Road, and Sheikh Zayed Road, while placing them moments away from the Dubai Islands Mall, marina, beaches, and waterfront boardwalk, the company said.

The G+2+12-floor residential project will feature a collection of semi-furnished 1 and 2 bedroom residences with jacuzzis, alongside expansive 2 and 3 bedroom duplexes with maid’s rooms and private plunge pools. Designed to reflect a resort-inspired lifestyle, the development includes an infinity pool, gymnasium, sauna, Turkish hammam, tanning deck, and curated lounge spaces. The project is scheduled for handover in Q4 2027.

Adding a distinctive hospitality dimension to the project, residents and tenants of Marea Residences will have access to a dedicated hospitality package through Allure Hotel, Sharafi Group Investments’ upcoming 4-star hospitality property set to open on Dubai Islands in 2026.

Sharafi Group Investments currently operates 5 hotels and has completed 20 proprietary developments across Dubai, with 2 additional projects under construction on Dubai Islands. Through its contracting division, the group is also delivering projects for developers including Leos Developments, Avenew Development, Prestige One Developments, and MYK Global Limited.

On the new launch, CEO Abdulla Sharafi said: “Marea Residences is an inspiration drawn from our legacy of precision, quality and customer centricity. The project captures the true essence of resort island living while offering comfort, sophistication, and strong investment value for residents and investors alike.”

The project is being brought to market in partnership with DRE Homes, with its master agency division, DRE-X, appointed to lead the launch and sales strategy for the development. The collaboration is expected to strengthen broker engagement, qualified buyer outreach, and premium market positioning within Dubai’s luxury residential segment.

Qurat Ul Ain, the Co-Founder and Chief Legal Officer of DRE-X, DRE Homes concluded, “This project is a testament to Sharafi Group’s legacy, quality and precision and will truly be a masterpiece on Dubai Islands.  The launch will happen in phases and construction work has already commenced. We are proud to lead the launch of this project through a premium broker-led strategy.”

Source: MEConstructionNews

Shamal Holding has announced that new assets across its Dubai Harbour and Al Sufouh portfolios have received Building Completion Certificates (BCC) and are now operational, marking the latest milestones in the firm’s long-term program of portfolio development across the city.

At Dubai Harbour, Shamal is advancing a coordinated investment and place-making program towards the evolution of an integrated maritime lifestyle destination.

The latest asset to come online is a 9-storey multi-storey car park spanning 31,487sqm. The facility includes rooftop parking and provides a total of 845 spaces, directly addressing one of Dubai Harbour’s most pressing infrastructure needs as the destination continues to scale.

Within its expanding leasehold portfolio, Shamal has delivered 39 contemporary villas and a clubhouse in Al Sufouh.

Each villa features modern architecture and a private pool. With BCCs now secured, leasing is set to commence in June 2026.

Richard Taylor, Chief Development Officer of Shamal Holding said, “These milestones reflect the disciplined approach we take across every project in our portfolio. At Shamal, we focus on distinctive assets that create long-term cultural, commercial and experiential value, across marinas, hospitality, islands and strategic infrastructure.”

“We prioritise quality and technical excellence over scale, working closely with best-in-class partners to deliver to the highest standards. These completions are a direct expression of that commitment,” he stated.

Source: MEConstructionNews

Korea Electric Power Corporation (KEPCO) has won the contract for the second phase of the Jafurah combined cycle power plant project in Saudi Arabia, according to a news report.

The state-owned Yonhap News Agency reported that the company signed a power and steam sales agreement with Saudi Aramco for the second phase of the Jafurah power plant construction and operation project. This agreement was confirmed by a company statement.

It was also revealed that South Korea’s Doosan Enerbility has secured an Engineering, Procurement, and Construction (EPC) contract valued at US $556mn from KEPCO for the construction of a plant.

The Jafurah project aims to establish a combined-cycle power plant with an installed capacity of 331MW; this plant will generate 465t of steam per hour. Upon its completion in June 2029, the plant will provide Aramco with power and steam for a duration of 17 years.

KEPCO, in collaboration with Aramco, has established a special purpose vehicle (SPV) to manage the project. The contract has been funded through the Export-Import Bank of Korea. The report anticipates that the project will generate combined export revenues of $790mn for local companies.

In February 2026, Aramco announced the commencement of production at its Jafurah unconventional gas field. Spanning an area of 17,000sqkm, Jafurah is estimated to contain an 229t standard cubic feet of raw gas and 75b stock tank barrels of condensate.

Source: MEConstructionNews

AMEA Power has secured Engineering, Procurement, and Construction (EPC) contracts for 2-standalone battery energy storage system (BESS) projects in Egypt. These projects have a combined capacity of 1,500 megawatt-hours (MWh).

The contracts for the 500MWh Horus BESS project in Zafarana and the 1,000MWh Nefertiti BESS project in Benban were signed with China Energy Engineering Corporation (Energy China), according to the Egyptian Electricity Transmission Company (EETC).

The EPC contracts were signed in the presence of Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy. Earlier in February 2025, AMEA Power had already signed Capacity Purchase Agreements (CPAs) for these two BESS projects with EETC.

In July 2025, AMEA Power commissioned a 300MWh BESS extension for its existing 500MW Abydos solar PV plant in Aswan. This achievement marks Egypt’s first-ever utility-scale BESS facility. Egypt has set a target of achieving a battery storage capacity of 14,320MWh by 2028.

In addition to the Abydos BESS project, AMEA Power is also developing a 1,000MW solar PV plant in partnership with Japan’s Kyuden International. This project will be combined with a 600MWh BESS (Abydos II) in Aswan. The total cost of this project is estimated to be US $700mn.

The Minister also witnessed the signing of an agreement to establish a BESS plant in Egypt. This plant will have an annual production capacity of 3,000MWh and will be developed by AMEA Power, Gotion, and China Energy International Group (Energy China International).

Source: MEConstructionNews

Innovo Group has secured Top Employer 2026 certification from the Top Employers Institute for the second year running. The firm said the certification comes at a time when the company is expanding and investing into workforce wellbeing, technology-enabled operations, and long-term talent development across its UAE operations.

The certification follows an independent assessment across organisational areas, including people strategy, work environment, talent acquisition, learning, wellbeing, and diversity, equity & inclusion.

The firm said that it created over 1,700 jobs across the UAE over the past 12 months, with its workforce now exceeding 17,000 employees representing over 56 nationalities. The company confirmed that women hold 40% of C-suite roles across the group.

Mariam Azmy, Chief People Officer at Innovo Group said, “The strength of any organisation is ultimately defined by its people. In construction, culture, wellbeing and workforce support cannot be treated as standalone HR initiatives. They directly influence safety, productivity, and operational performance. Being recognised as a Top Employer for the second consecutive year reinforces our commitment to building a workplace where people can grow, contribute, and perform at their best.”

Innovo said that it is expanding its dedicated Emirati talent programme across engineering, project management, commercial, technology, and corporate functions, in support of broader UAE workforce development and Emiratisation priorities.

In addition, the firm said it embeds wellbeing and workforce support directly into project environments, and explained that it had established bespoke wellness and training hubs across major UAE construction sites and its head office, creating dedicated spaces for physical wellbeing, learning, and employee development.

Combined with technology-enabled health and safety systems, real-time workforce monitoring, and a 24/7 Employee Assistance Programme for employees and their families, the approach reflects Innovo’s belief that workforce wellbeing is integral to safety, productivity, and operational performance, the firm outlined.

Source: MEConstructionNews

ORA Developers have announced the appointment of United Engineering Construction (UNEC) as the main works contractor for Phase 1 of BAYN, a coastal community within Ghantoot located between Dubai and Abu Dhabi.

The US $517mn contract covers the construction of 614 residential units. These include townhouses and standalone villas across Cluster B, Y Waterway; Cluster C, Y Lagoon; and Cluster D, Y Lagoon II. The scope also includes associated infrastructure and landscape works.

“BAYN is a major long-term commitment to Ghantoot and to the future of this coastal corridor,” said Naguib Sawiris, Chairman and CEO of ORA Developers. “The UAE has shown how patient city-building can create strong value over time. Locations grow when infrastructure, access, planning and delivery come together. Ghantoot has those fundamentals. It has beachfront scarcity, direct connectivity and a strategic position between Abu Dhabi and Dubai. This US $517mn award reflects our confidence in BAYN and in Ghantoot’s future.”

Mobilisation began immediately and construction started on 1 June, with a total contract duration of 31-months. The program includes intermediate milestones for each cluster.

The appointment marks a key construction milestone for BAYN and strengthens Ghantoot’s position as an emerging beachfront destination between the UAE’s 2 largest urban centres. Located on the Abu Dhabi–Dubai corridor, Ghantoot offers rare coastal land, strong connectivity and long-term placemaking potential.

As established waterfront districts continue to mature, BAYN is designed to support the next phase of residential demand. The community will offer a low-density coastal setting, direct access to nature and a planned residential environment for end users and long-term investors.

“This marks another defining milestone in BAYN’s journey toward the successful delivery of its first phase,” said Amr Abdel Moneim, CTO at ORA Developers. “Reaching this stage follows months of preparation, detailed coordination and close collaboration with our design and project management partners. The award (to UNEC) reflects our commitment to delivery without compromise.”

He added that his contract builds on the earlier appointments of Mace, 10 Design, Dewan, WSP, AECOM, Currie & Brown and NMDC. “Our focus is clear. We are committed to delivering on time, to the highest quality standards, while prioritising safety and environmental responsibility. This award also reinforces our ability to meet our SPA commitments and deliver BAYN with best-in-class partners,” added Moneim.

The contract was signed on behalf of ORA Developers by Naguib Sawiris, Chairman and CEO, and Amr Abdel Moneim, CTO. UNEC was represented by Abdul Halim Muwahid, Chairman, and Ammar Muwahid, CEO.

Abdul Halim Muwahid, Chairman of UNEC concluded, “We are proud to partner with ORA Developers on Phase 1 of BAYN, a landmark coastal community that reflects the scale and ambition of development in the UAE. UNEC brings decades of regional construction experience and a strong delivery track record to this appointment. Our focus will be on executing the works to the highest standards of quality, safety, and efficiency, while supporting ORA’s vision for BAYN.”

Source: MEConstructionNews

Source: MEConstructionNews

ROSHN Group has continued its strategic partnership with Tatweer Buildings Company with the signing of a new agreement to design, construct, and supervise the development of a public educational facility within WAREFA community in East Riyadh.

Under the agreement, TBC will manage and execute the project across all its phases, under the supervision of ROSHN Group.

The new educational facility will serve residents of WAREFA community and provide a modern learning environment serving the children in kindergarten and the early grades of primary school, with a capacity of up to 500 students.

The school’s location has been strategically selected to ensure easy accessibility through pedestrian pathways, contributing to residents’ safety and convenience, it said.

The education assets represent a key vertical of asset development within ROSHN Group’s strategy, as part of its approach to developing vibrant, integrated, human-centric communities.

ROSHN Group’s longstanding partnership with TBC has resulted in the execution of 43 government school projects across Riyadh and Jeddah within ROSHN Group’s communities, and most recently, WAREFA, with a total project value exceeding US $160mn, directly funded by ROSHN Group, it said.

This collaboration reflects the mutual trust between the parties, and their ability to execute high-quality educational projects with exceptional efficiency and delivery timelines. This contributes to providing modern educational facilities that benefit the lifestyles of residents and families, aligning with the goals of Saudi Vision 2030 in developing integrated communities that provide enhanced quality of life, said the group.

Source: MEConstructionNews

WOW Resorts has appointed China Road and Bridge Corporation (CRBC) as the main contractor for the construction of the JW Marriott Al Marjan Island Resort and JW Marriott Residences Al Marjan Island project on Al Marjan Island in Ras Al Khaimah.

The US $1.3bn development includes a 264-key luxury hotel, 474 branded residential apartments ranging from 1-to-4 bedroom units and Signature penthouses. The scheme marks the first JW Marriott-branded residential development in the GCC.

Beverly Hills-based architect Tony Ashai has designed the project, while Dubai-based Architecture Design Unit (ADU), led by Taseer Buchh, serves as the lead consultant. The project is projected to be completed by 2028.

Bhupender Patel, Co-Founder and Co-CEO, WOW Resorts said, “The project has witnessed strong buyer demand, with most units already sold. Prices have increased from around $816.88 per sqft at launch to as high as $1,307.01 per sqft for premium units. This project is expected to contribute significantly to the local market, with potential prices reaching $2,722.94 per sqft post completion.”

He added, “The developer has retained some inventory for future release, while penthouse units are yet to be launched. The penthouse units will offer a unique living experience, resembling a yacht in the sky, with exceptional design and attention to detail.”

Edifice Middle East, the on-ground contractor, and One Broker Group, the exclusive sales partner, are behind the project. The development will offer a variety of hospitality and leisure amenities, including seven dining venues, spas, swimming pools, a fitness center, and a man-made lagoon.

Source: MEConstructionNews

McDermott said it has been selected by Aramco as one of 11 selected contractors for a project management consultancy long-term agreement (LTA), to support the delivery of large-scale energy, downstream, petrochemical and low carbon projects across the Kingdom of Saudi Arabia.

Under the agreement, McDermott will leverage its global delivery model and technical expertise to deliver engineering, front‑end development (pre‑FEED and FEED) and project management consultancy services.

The agreement establishes a strategic partnership between McDermott and Solutions Leaders Fayez Engineering (SLFE),  and Aramco-approved general engineering services + (GES+) contractor. The collaboration combines McDermott’s global experience in executing complex, capital‑intensive projects with SLFE’s strong in‑kingdom presence and local execution capabilities, it stated.

The multi‑year PMC LTA, via its key unit McDermott Nederland BV, positions McDermott as an engineering and project management service provider within Aramco’s strategic investment programs.

On the contract win, McDermott’s CEO and Chair of the Board Michael McKelvy said, “Just as the US and the Kingdom share a commitment to long-term collaboration, we share a commitment with SLFE to localisation, knowledge transfer and sustainable capacity building within the Kingdom.”

McDermott, he stated, has a well-established relationship with Aramco and a proven track record of executing complex engineering and energy infrastructure projects in the Middle East. This award further strengthens McDermott’s role in supporting the kingdom’s long‑term development goals and energy transition.

Rob Shaul, McDermott’s SVP of Low Carbon Solutions said, “This long‑term agreement reflects Aramco’s confidence in our proven execution capabilities and our track record of delivering complex, world‑class projects in the Kingdom.”

Through the McDermott–SLFE partnership, projects will be executed using an integrated Out‑of‑Kingdom and In‑Kingdom delivery model, enabling efficient execution while meeting Aramco’s localisation and In-Kingdom Total Value Add (IKTVA) objectives.

SLFE will play a key role in engineering and client support within the Kingdom, while McDermott will lead overall execution planning, governance and technical leadership through its established global engineering centres.

“We are proud to partner with McDermott on this strategic agreement with Aramco,” said Ashraf Alkhaznadar, the SLFE’s President & CEO. “Together, we bring complementary strengths that support Aramco’s long‑term vision while continuing to develop national engineering capability,” he added.

Source: MEConstructionNews