KUWAIT
Project: Jahra Coast Project
Value: USD 1,634,000,000
Client: Kuwait Municipality
Website: www.municipality.gov.kw
The Jahra Waterfront Development Project will be implemented using an integrated plan that combines environmental concerns with the development of services and support for tourist and commercial facilities. This initiative is intended to increase tourist and leisure services for citizens and residents.
The Jahra facade stretches about 7.3 kilometers from west of Doha West Station to the Jahra Nature Reserve’s boundaries, connecting Jaber Al-Ahmad City’s residential development with Kuwait Bay. The development plan focuses on increasing waterfront access, improving service quality, and promoting tourist and commercial amenities. The project is organized into three development areas totaling 3,438,385 square meters, which include public and investment spaces.
UNITED ARAB EMIRATES
Project: New University
Value: USD 1,230,000,000
Client: Government of United Arab Emirates
Dubai plans to create a new university, the National University of Dubai, for $1.23 billion. The new project intends to strengthen the country’s education system. Over the following decade, the brand-new university aims to be one of the top 50 emerging universities, offering specialist and innovative academic degrees. The university will also rank among the top universities in terms of research contributions. The university will have an Emirati identity, but its curricula will be worldwide, and the outputs will contribute to the country’s growth.
SAUDI ARABIA
Project: Prince Mohammed bin Salman Stadium
Value: USD 1,100,000,000
Client: Qiddiya Investment Company
Website: www.qiddiya.com
Qiddiya Investment Company (QIC), a wholly owned subsidiary of Saudi wealth fund Public Investment Fund (PIF), has appointed a consortium consisting of Spain’s FCC Construccin and Saudi contractor Nesma Partners to build the Prince Mohammed bin Salman Stadium as part of its Riyadh entertainment and tourism megaproject.
The project, valued at SAR4 billion ($1.1 billion), is set to elevate the region’s entertainment landscape and is scheduled for completion in 2029. Nestled atop the Tuwaiq Mountains, the stadium will soar 200m above the ground, offering a breathtaking view of the surrounding landscape. With a capacity for 46,000 spectators, the venue promises to deliver an unforgettable experience through its unique design and cutting-edge technology.
Designed by the renowned architectural firm Populous, the stadium will be the world’s first fully integrated venue featuring a retractable roof, pitch, and LED wall.
UNITED ARAB EMIRATES
Project: Franck Muller Vanguard Tower
Value: USD 436,000,000
Client: London Gate
Website: www.londongate.ae
UAE developer London Gate has partnered with Swiss luxury watchmaker Franck Muller to announce their next major project, Franck Muller Vanguard Tower, in Dubai, which will have 722 premium units ranging from studios to three-bedroom apartments.
The Franck Muller Vanguard Tower will have 34 storeys and 722 premium flats ranging from studios to three-bedroom apartments. Studio apartments range in size from 414 to 674 square feet, while one-bedroom flats range from 779 to 1,010 square feet. Two-bedroom apartments are 1,041 square feet, while three-bedroom ones range from 1,768 to 1,862 square feet. It is scheduled for delivery in September 2027.
UNITED ARAB EMIRATES
Project: Industrial Park
Value: USD 360,000,000
Client: Ras Al Khaimah Economic Zone
Website: www.rakez.com
China’s world-renowned Shandong Timber and Wood Products Association (STWPA) has inked a substantial leasing deal with Ras Al Khaimah Economic Zone (RAKEZ) to establish the $360m Zhong A Shandong Industrial Park in Ras Al Khaimah.
The first phase of the new industrial park will span over 450,000 sqm across Al Ghail and Al Hulaila in Rakez. It will undergo further expansion to encompass over 1 million sqm of land in Al Ghail over the next three years. Upon completion, the project will bring in over 60 new companies, specialising in the wood and food and beverage sectors, and create more than 3,500 new jobs in the next five years.
The industrial park in Ras Al Khaimah will give Chinese investors with existing infrastructure, while RAKEZ and its partners will help them set up their businesses.
UNITED ARAB EMIRATES
Project: Office Buildings
Value: USD 225,000,000
Client: Ras TECOM Group
Website: www.tecomgroup.ae
Dubai-based TECOM Group announced it has begun construction of six Grade-A office buildings in Phase 2 of Dubai Design District (d3) at a cost of $225m. According to TECOM Group, the development, which will have a gross floor space of 629,000 square feet, will be developed in accordance with LEED certification criteria and is expected to be completed in the first half of 2028. Aside from its sustainable buildings, the project will incorporate sports facilities, communal areas, parking, excellent eating alternatives, and an enlarged promenade.