Independent financial advisory services firm Synergy Consulting has said it is playing a vital role as financial advisor to a consortium for the development of the Rakwa Independent Sewage Treatment Plant (ISTP) Project in Ras Al Khaimah.

The Rakwa ISTP Project is the emirate’s first large-scale wastewater treatment project developed through a public-private partnership (PPP) model.

The consortium comprising Etihad Water and Electricity (EtihadWE), Taqa Water Solutions and Saur International has entered into a long-term sewage treatment agreement (STA) with the Public Services Department Ras Al Khaimah (PSD) for the implementation of the project. The ISTP project will be delivered under a Build-Own-Operate-Transfer (BOOT) framework.

With a planned treatment capacity of 60,000cu/m per day, the ISTP facility is expected to significantly enhance wastewater treatment capabilities in Ras Al Khaimah and support a potential population of 300,000 residents, said a statement.

The project will play a key role in facilitating ongoing and future urban and industrial development across the emirate, the statement concluded.

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Source: ME Construction News

Miral has announced the opening of Yas Bay East Beach on Yas Island. The beach destination is the newest stretch of shoreline on Yas Island, and is said to mark a strategic milestone for Miral, demonstrating its ongoing efforts to create memorable and joyful experiences for guests visiting Yas Island.

The 290m waterfront is operated by Hilton Abu Dhabi Yas Island, and is said to offer a contemporary coastal escape designed for adults seeking a relaxed yet vibrant atmosphere. Guests can take advantage of a dedicated fitness zone, an open sports area, and beach access, making it the ideal spot for everything from laid-back lounging to morning workouts with a view, said a statement.

“The Yas Bay East Beach represents an exciting addition to Yas Bay Waterfront and Yas Island, and is testament to our commitment to creating vibrant and enriching experiences for both visitors and the communities on the island. Designed with a curated selection of experiences for our diverse visitors, it reflects our efforts in further positioning Yas Island as a top global destination for entertainment and leisure. We look forward to every guest enjoying their ideal coastal escape as part of their unforgettable visit to the island,” said Jonathan Brown, Chief Portfolio Officer, Miral.

Located within close proximity to the hotel, the beach will welcome visitors daily from 7:00AM until sunset, offering guests an effortless way to slip into island life, just steps from their room. While beach access is open to the public for a fee through the week, resident guests of Hilton Abu Dhabi Yas Island can enjoy the beach complimentary as part of their stay, the statement added.

Situated on the Yas Bay Waterfront, Hilton Abu Dhabi Yas Island offers direct access to the capital’s most exciting entertainment district. With the new Yas Bay East Beach now part of the experience, the property gives guests even more reason to check in and stretch out by the sea, it continued.

The new beach joins a variety of experiences at Yas Bay Waterfront, including over 20 al-fresco restaurants and cafés, and Etihad Arena. Located just minutes from SeaWorld, Ferrari World, Warner Bros. World, CLYMB, Yas Waterworld Yas Island, Abu Dhabi, and Yas Marina, the beach destination forms a seamless extension of Yas Island’s immersive ecosystem.

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Source: ME Construction News

Kuwait Petroleum Corporation (KPC) reported on Friday morning that the Mina Al Ahmadi Refinery came under drone attack. The refinery is Kuwait’s largest and is operated by Kuwait National Petroleum Company (KNPC).

Emergency response and fire-fighting teams were immediately deployed and worked to contain the situation in accordance with the highest safety standards, KPC said.

According to a report, preliminary assessments found that the attack resulted in a fire in several units within the refinery but caused no injuries. The refinery processes about 730,000 barrels of oil per day.

In response, precautionary measures were rolled out; a number of refinery units were shut down, and all necessary procedures were implemented to ensure the safety of personnel and the security of the facility.

The strike is part of a larger campaign against GCC countries that was launched by Iran in retaliation for an Israeli strike last week on its South Pars gasfield, the country’s largest, which supplies about 80% of its domestic natural gas needs.

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Source: ME Construction News

Conflict has the potential to derail construction projects in an instant, so in response to the ongoing conflict in the Middle East, HKA and Middle East Consultant have partnered to host a live podcast on the delays and disruption claims that can arise from conflict.

The session will take place today on 18 March from 2pm to 2.45pm. The session is free to attend, however registration is mandatory to secure access. Click here to register.

The live session will be moderated by Haroon Niazi, Partner, Construction, Claims and Expert Services Lead, EMEA at HKA, he will be joined by Dr. Franco Mastrandrea, Partner at HKA and Derek Nelson, Partner at HKA.

The session will share an overview of escalating regional developments, how disruptions such as the Strait of Hormuz closure, missile/drone activity are affecting building and infrastructure projects today, the operational and commercial implications for employers and contractors, and much more.

“Developments across the Middle East are now starting to affect major construction and energy projects in real time, and we’re seeing disruption to shipping routes due to the closure of the Strait of Hormuz, missile and drone activity affecting critical infrastructure, and in some cases, project teams having to suspend works or demobilise due to site safety concerns,” said Haroon Niazi, Partner, Construction, Claims and Expert Services Lead, EMEA at HKA.

“In our live podcast session, I’ll be joined by HKA experts Dr. Franco Mastrandrea and Derek Nelson as we look to explore what this means for projects in the region, from disruption and delay today, to the importance of capturing the right records now to support potential claims later. We’ll also look at the issues both from an employer and contractor’s perspective, and there’ll be a great opportunity for some live question and answers.”

The 2026 edition of the Value Engineering Summit, which is scheduled to take place on 15 April, will also focus on this topic, in addition to the implications of Dubai’s new law on building quality and safety and the implications for developers and construction companies, choosing the right partners for optimal project delivery, technology and industrialised construction and the impact it can have on quality and fast-tracked projects and more. This event will take place at the H Hotel in Dubai, registration is complementary for industry professionals. Click here to check out the agenda.

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Source: ME Construction News

Zoya Developments has unveiled Nuvé by Zoya, a new mid-rise residential development in Dubai Land Residence Complex. This development introduces 232 fully furnished residences within the complex. The handover of the development is scheduled for Q2 2028.

The units range from 169 studios, each spanning 414 to 519sqft, to 51 1-bedroom residences, each ranging from 770 to 899sqft, and 12 2-bedroom residences, each measuring 1,177sqft.

Shoaib Khann, CEO of Zoya Developments said, “Nuvé reflects our continued commitment to creating thoughtfully designed communities that respond to the evolving needs of Dubai’s residents and investors. We see strong demand for well-located, design-led developments that offer both lifestyle quality and long-term value. Through Nuvé, we are delivering fully furnished homes with efficient layouts, integrated smart systems, and a comprehensive amenity offering, supported by a disciplined payment structure that enhances accessibility and investment appeal.”

The launch of Nuvé aligns with the company’s long-term expansion in Dubai, focusing on delivering contemporary, design-driven developments that combine functionality, transparency, and sustainable value creation.

Nuvé will offer direct connectivity to major highways linking Downtown Dubai, Business Bay, and both international airports. The surrounding community is equipped with established schools, healthcare facilities, retail centres, and leisure destinations, making it an option for long-term residents and rental demand, the developer said.

Architecturally, Nuvé presents a contemporary mid-rise profile characterised by balanced geometry and soft lines, creating a distinctive yet understated identity within the community. Interiors are designed with neutral palettes, natural finishes, and floor-to-ceiling glazing, optimising natural light and spatial efficiency, aligning with the evolving preferences of buyers for turnkey living solutions.

Amenities include an infinity pool, plunge pool, jacuzzi, landscaped gardens, reflexology path, indoor and outdoor gyms, yoga area, rooftop seating zones, cabanas, fire pit terrace, barbecue areas, children’s play area, and a sightseeing deck. The integration of wellness-driven and social spaces reflects the broader market demand for lifestyle-integrated residential developments that prioritise both livability and rental competitiveness.

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Source: ME Construction News

Al Majdiah has signed a contract worth US $20.48mn with Emarna Contracting Company to develop a new residential development in Riyadh’s Al‑Nada District.

The project, known as Al-Majdiah Project (174), will be executed on a turnkey basis and involves the construction of 8 residential buildings comprising 226 housing units, according to a company announcement.

Under the agreement, Emarna Contracting will undertake all works related to the development, including structural and architectural construction, finishing works, electrical and mechanical services, safety and protection systems, air-conditioning and ventilation installations, as well as site works, in line with approved designs and project specifications.

The contract was signed on 5 March 2026, and the project is expected to be completed within 12 months.

Dar Al Majed Real Estate said the development is expected to have a positive impact on the company’s financial results upon completion.

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Source: ME Construction News

The real estate market in Dubai witnessed the sale of a plot of land in Al Sufouh Gardens for approximately US $192mn.

The Dubai Land Department recorded that the plot spanning 85,080sqft sold at a price of US $3,305 per sqft.

Despite regional tensions, Dubai’s real estate market continues to draw significant investment demand for land, villas, residential and commercial units. Sales such as this highlight the confidence investors and end users place in the emirate’s property market, said a report.

The recent sale of a villa on the World Islands, which sold for approximately US $60mn further drives the message of resilience and confidence. The villa is part of the Amali Island project and covers 58,801sqft, and commanded a rate of US $1,031 per sqft.

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Source: ME Construction News

The RTA has completed a part of road development works in Nad Al Sheba 3, including paving 2km of internal roads, applying road markings, and providing parking spaces, alongside installing 50 lighting units and directional traffic signs.

The project contributes to enhancing traffic flow and facilitating access to nearby schools and key community facilities, thereby improving the quality of mobility for residents in the area and across the emirate of Dubai, the RTA said.

The RTA said it is continuing its efforts to enhance the efficiency of infrastructure across Dubai to meet the demands of urban development and population growth, and to improve traffic flow and road safety for road users in the emirate. These efforts support improved quality of life and provide soft mobility options for residents and visitors of Dubai.

The completed works in Nad Al Sheba 3 form part of a comprehensive development plan for internal roads in Nad Al Sheba 3 and 4. The plan includes road paving, the construction of traffic links, allocation of dedicated cycling and pedestrian tracks, as well as provision of additional parking to serve residents. The project is expected to be fully completed in the first quarter of 2027.

Works included paving roads surrounding Kings’ School in Nad Al Sheba 3, namely Street 60, Street 62, Street 63, and Street 65. The works also include installing directional signage, applying road markings, and implementing traffic-calming measures in accordance with approved technical specifications. These measures aim to enhance road safety for school users and nearby residents, ensure smoother traffic flow, and facilitate vehicle entry and exit during student drop-off and pick-up periods. The road works are expected to contribute to reducing delay times by up to 35%.

Nad Al Sheba continues to witness sustained infrastructure development in line with urban expansion and the rapid growth of residential communities, as well as service and educational facilities, with its population exceeding 30,000 residents. The area also enjoys a strategic location in close proximity to several major corridors in the emirate, including Dubai–Al Ain Road and Sheikh Mohammed bin Zayed Road, making it a key link between multiple areas of Dubai and reinforcing its importance within the emirate’s transport and urban development system, the statement concluded.

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Source: ME Construction News

TotalEnergies has announced that the ongoing conflict in the Middle East is affecting some of its upstream operations. Production has been shut down or is being shut down in Qatar, Iraq, and offshore fields in the UAE. These disruptions account for about 15% of the company’s total production.

Onshore production in the UAE, which accounts for 210,000 barrels per day for TotalEnergies, remains unaffected at this time. Looking ahead to 2026, TotalEnergies anticipates most of its growth in high-margin production will come from projects outside the Middle East.

The company explained that barrels produced in the Middle East typically generate lower cash flow from operations compared to its global portfolio due to higher taxation. Despite the affected volumes representing 15% of production, they contribute around 10% of the company’s upstream cash flow.

The company said that an increase of US $8 per barrel in the Brent crude price would offset the expected 2026 cash flow from its assets in Iraq, UAE offshore and Qatar at an oil price assumption of $60 per barrel.

The company also mentioned that the shutdown of LNG production in Qatar will have limited impact on its LNG trading activities, which are estimated at around 2m tonnes in 2026. This is because most Qatari LNG is marketed by QatarEnergy. TotalEnergies stated that it continues to closely monitor the situation and will provide updates if there are any significant changes.

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Source: ME Construction News

Saudi-based Dar Al Majed Real Estate Company has announced the signing of an addendum to the credit facilities agreement previously established with Banque Saudi Fransi (BSF). This addendum increases the credit limit of the facilities granted to the company from US $146.4mn to $182.2mn.

The company, in its filing to Saudi bourse Tadawul, stated that the funding will primarily be utilised for Dar Al Majed’s expansion plans, and the development of its real estate projects. The amended financing agreement will remain in effect until 31 December 2028.

The original facilities agreement with Banque Saudi Fransi was signed in November 2023 and was disclosed in the company’s prospectus. The new addendum extends this agreement and establishes a credit ceiling for project funding, as mentioned in the statement.

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Source: ME Construction News