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  Read the July 2026 MEED Business Review

  30 June 2026

  Download / Subscribe / 14-day trial access

  The events that unfolded from 28 February delivered the Gulf aviation sector its toughest test since the Covid-19 pandemic.

  Missile and drone attacks exposed the fragility of one of the region’s most vital economic engines, triggering unprecedented disruption. In just one week, more than 15,000 flights were cancelled across seven major Gulf airports, leaving over 1.5 million passengers stranded and sending shockwaves through global travel networks.

  While the Gulf's national airlines have largely restored services, many international carriers remain absent, highlighting the lasting impact of the crisis.

  So what does this mean for the future of Gulf aviation? In the July issue of MEED Business Review, MEED editor Colin Foreman examines how the industry responded under extraordinary pressure – and why the crisis revealed not only its vulnerabilities, but also the remarkable resilience that will shape its next chapter.

  July’s market focus is on the Levant, and finds the region’s three markets – Jordan, Lebanon and Syria – recovering at different speeds and from very different starting points. 

  This edition also includes a tourism report as the first signs of recovery begin to emerge in Dubai, and the region presses ahead with tourism projects. 

  In the latest issue, we speak to EtihadWE about its roadmap for future projects, examine why the Mena projects market continues to show remarkable resilience despite regional conflict, and investigate whether Big Tech is delivering on its data centre ambitions.

  We also explore the multibillion-dollar opportunity emerging from the region’s evolving retirement savings market and discover how Aramco's citizen developers are accelerating digital transformation from within.

  We hope our valued subscribers enjoy the July 2026 issue of MEED Business Review. 

  

   

  Must-read sections in the July 2026 issue of MEED Business Review include:

  > AGENDA: Gulf aviation ambitions face uncertain future

  > AIRPORTS: Dubai and Riyadh reaffirm airport ambitions

  INDUSTRY REPORT: Tourism investment > Dubai eyes tourism sector recovery > GCC presses ahead with tourism projects

  > INTERVIEW: EtihadWE prepares roadmap for future projects 

  > PROJECTS MARKET: Mena project momentum holds despite conflict

  > DATA CENTRES: Big Tech falls short on data centre promise

  > SAVINGS: Retirement creates multibillion-dollar opportunity for region

  > LEADERSHIP: Aramco’s citizen developers accelerate digital change

  > INTERVIEW: Samsung E&A’s hydrocarbons business rooted in Mena

  > LEVANT MARKET FOCUS: 
  > COMMENT: Levant recovers in three speeds
  > GOVERNMENT: Jordan consolidates as deeper reforms lag
  > BANKING: Caution governs Jordanian bank lending
  > POWER & WATER: Record investment drives Jordan’s utilities market
  > ECONOMY: Gulf liquidity outpaces Syria’s financial revival
  > PROJECTS: Momentum builds for Syrian projects
  > OIL & GAS: Activity ramps up in Syria’s oil and gas sector
  > CONSTRUCTION: Prospects improve for Levant construction
  > OIL & GAS: Lebanon taps foreign players to assess resources
  > DATABANK: Jordan faces fresh round of challenges

  > MEED COMMENTS: 
  > UAE clears the path for recovery
  > Water tariffs near their floor
  > Petrofac seeks to reclaim lost ground
  > The UAE’s eastern pivot

  > GULF PROJECTS INDEX: Gulf index extends growth streak into 15th month

  > MAY 2026 CONTRACTS: Middle East contract awards

  > ECONOMIC DATA: Data drives regional projects

  > OPINION: The price of permanent risk

  > BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts

  To see previous issues of MEED Business Review, please click here

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  MEED Editorial
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  Chinese firm wins Qiddiya Janadriyah cultural district hotels

  30 June 2026

  

   

  Beijing-headquartered China State Construction Engineering Corporation (CSCEC) has won a contract to deliver the Janadriyah cultural district at Qiddiya entertainment city on the outskirts of Riyadh.

  The contract was awarded by gigaproject developer Qiddiya Investment Company (QIC).

  The scope covers the construction of six structures, including a heritage building, a gateway hotel, a wadi hotel, a creative hub, a community centre and an open-air market.

  QIC tendered the contract in December last year, as MEED exclusively reported.

  The award is CSCEC’s second major win at Qiddiya in recent weeks.

  Earlier this week, MEED exclusively reported that QIC had awarded CSCEC a contract to build a new transport hub at Qiddiya entertainment city.

  The project is located within the resort core zone of the development.

  MEED understands the scope includes construction of a parking structure for up to 2,000 vehicles; a transport hub comprising a passenger flow system and ticketing and transit-related facilities; retail, food and beverage and hospitality facilities; mechanical, electrical and plumbing (MEP) systems; and soft and hard landscaping works.

  QIC is accelerating plans to develop additional assets at Qiddiya City.

  Last week, MEED reported that QIC had invited contractors to prequalify for a contract to build an indoor sports arena within its Qiddiya entertainment city project.

  The multipurpose arena is designed to International Olympic Committee standards.

  It will be located in District 18, in the Uptown South area of Qiddiya.

  Once completed, the indoor arena will be capable of hosting a wide range of sports, cultural and entertainment events.

  The arena will feature numerous sports courts for basketball, handball, futsal, volleyball, tennis, boxing and gymnastics.

  It will have a seating capacity of 18,000 spectators.

  QIC’s other major projects include an e-sports arena, the National Tennis Centre, Prince Mohammed Bin Salman Stadium, a motorsports track, a racecourse, the Dragon Ball and Six Flags theme parks, and Aquarabia.

  QIC opened the Six Flags theme park to the public in December last year.

  The park covers 320,000 square metres and features 28 rides and attractions, including 10 thrill rides and 18 aimed at families and young children.

  The Qiddiya project is a key part of Riyadh’s strategy to boost leisure tourism in the kingdom.

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17489285/main.jpg

  Yasir Iqbal
• 
  Aldar launches Yas Island community park project

  30 June 2026

  Abu Dhabi-based real estate developer Aldar, in partnership with the Abu Dhabi Department of Community Development (DCD), has announced the launch of Yas Community Park on Yas Island.

  A key feature of the park is Nabdh Yas, a community hub developed in collaboration with DCD.

  Once open, Nabdh Yas will serve as a central gathering space and host a range of community-led programmes.

  In a statement, Aldar said: “Nabdh Yas will be delivered on a public-private partnership (PPP) basis, marking the first time private sector investment has been directed towards this type of community infrastructure.

  “With DCD overseeing the hub’s development and long-term management, the initiative reflects Abu Dhabi’s focus on innovative approaches that generate lasting social value and enhance community wellbeing,” the statement added.

  A memorandum of understanding was signed between Aldar and DCD.

  The agreement establishes a framework to expand the Nabdh Community Hub model across Aldar developments in Abu Dhabi, Al-Ain and Al-Dhafra.

  Last month, Aldar announced its Q1 financial results, reporting a 20% year-on-year increase in net profit after tax to AED2.3bn ($626m).

  Aldar Development recorded a 14% year-on-year rise in revenue to $1.7bn, while earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 23% to $599m.

  UAE revenue backlog rose to $17bn at the end of March from $16.6bn at the end of December, with an average duration of 29 months.

  The group attributed its performance to revenue from its development backlog and steady income from its investment properties.

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  Yasir Iqbal
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  Dubai sets August deadline for Airport Express metro bids

  30 June 2026

  

   

  Dubai’s Roads & Transport Authority (RTA) has given consultants until 10 August to submit proposals for a contract to study and design the Airport Express Line, which will extend from Dubai International airport (DXB) in the Al-Garhoud area to Al-Maktoum International Airport (DWC) in the Jebel Ali area.

  The previous deadline was 8 July.

  The proposed line will stretch about 55 kilometres and include five stations, providing passengers with facilities such as remote airline check-in, baggage drop-off and security screening.

  The RTA issued the tender in April, with an initial deadline of June, as MEED reported.

  The new line will run from the Red Line metro station at DXB through Al Jaddaf, along Al-Khail Road to a new station at Jumeirah Village Circle (JVC), before continuing to DWC.

  There will be two spur lines. The first will run from the new JVC station to Al-Fardan Exchange metro station at Emirates Golf Club, while the second will branch towards Business Bay, where another station will be built.

  The new line appears to follow a similar route to the Etihad Rail high-speed railway project, which is under construction and due to be completed by 2030.

  The Airport Express Line scheme is the latest metro project to be tendered by the RTA this year. Earlier this month, MEED exclusively reported that the RTA had issued the request for qualification notice for a contract to build the new Gold Line, as part of its expansion of the Dubai Metro network.

  Tendering activity is also ongoing for the Route 2020 extension, which will start from the Expo 2020 metro station and connect to DWC’s West Terminal.

  MEED exclusively reported in April that consultants had submitted bids for the project.

  The extension to the line will run for about 3km and will feature two stations.

  The existing Route 2020 metro link is a 15km-long line that branches off the Red Line at Jebel Ali metro station. The line comprises 11.8km of elevated tracks and 3.2km of tunnels, and has five elevated stations and two underground stations.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17489266/main.jpg

  Yasir Iqbal
• 
  Eni increases gas production in Libya

  30 June 2026

  The Italian oil and gas company Eni has announced the startup of offshore gas production enabled by the Sabratha compression project in Libya.

  The client on the project was Mellitah Oil & Gas (MOG), a joint venture of Eni and Libya’s state-owned National Oil Corporation (NOC).

  The Sabratha compression project was designed to increase gas output from the Bahr Essalam gas field, located approximately 100 kilometres off Libya’s coast.

  The scope of the project included the installation of a new 1,600-tonne compression module on the Sabratha platform, equipped with new compression trains, providing an overall compression capacity of about 440 million cubic feet a day.

  In a statement, Eni said: “The new module enables production under low-pressure conditions, offsetting the natural decline of the Bahr Essalam field and maximising gas recovery, ensuring increased volumes of gas of about 800 million cubic metres per year and associated condensate.

  “This additional production will play a critical role in sustaining national power generation, reinforcing Libya’s energy security, and supporting export to Italy via the Greenstream pipeline.”

  The company also said that the project strengthened the resilience of Libya’s gas infrastructure and represented “a tangible contribution to the stability and growth of the country’s energy sector”.

  MOG also has two other projects in Libya that are currently under execution.

  The first is the Bouri gas utilisation project, whose tie-in and commissioning activities are under way following the recent installation of the Bouri gas recovery module.

  The other project, known as ‘Structures A&E’, will develop two offshore gas fields.

  Eni has been present in Libya since 1959 and last year had average equity production in the country of approximately 162,000 barrels of oil equivalent a day.

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  Wil Crisp