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• 
  Gulf aviation’s toughest test since the pandemic

  30 June 2026

  Commentary
  Colin Foreman
  Editor

  The conflict that erupted on 28 February has tested Gulf aviation more severely than any event since the Covid-19 pandemic. Yet the sector’s response has revealed both its vulnerability and its underlying resilience in equal measure.

  The scale of the disruption has been severe. Between 28 February and 5 March alone, more than 15,000 flights were cancelled across seven major regional airports. Jet fuel prices are expected to average $152 a barrel this year, almost 70% above 2025 levels, while the International Air Transport Association now forecasts global airline net profit of $23bn in 2026, roughly half its earlier projection. 

  For Gulf hub carriers, whose business models depend on stable long-haul routings and transfer traffic, the financial hit has been unavoidable.

  The sector’s response has revealed both its vulnerability and its underlying resilience

  What is striking, however, is the speed and confidence of the recovery. Etihad is already operating at 90% of pre-war capacity, with fares back at pre-war levels and no plans to discount. Emirates, despite flying at just 58% of its capacity in March, posted a record annual profit and announced a 20-week salary bonus for staff. Riyadh Air pressed ahead with five new destinations in June. Dubai and Riyadh are together preparing to award tens of billions of dollars in airport construction contracts before the year is out.

  The pattern is consistent across tourism, too. Hotel and resort construction contracts in the GCC have already surpassed last year’s full-year total, and sovereign entertainment projects such as the Sphere Abu Dhabi are being formalised mid-conflict. Governments are making clear that their long-term infrastructure ambitions are not contingent on short-term demand.

  The coming months will determine how quickly international airline confidence, and the passengers that follow it, returns to the Gulf. The signals from within the region point firmly in one direction.

  ---

  READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDF

  Stress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.

  Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:

  > AGENDA: Gulf aviation ambitions face uncertain future > AIRPORTS: Dubai and Riyadh reaffirm airport ambitions > MARKET FOCUS: Levant recovers in three speeds  > INDUSTRY REPORT: Dubai eyes tourism sector recovery > 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

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

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  Colin Foreman
• 
  DP World and Bahraini firm break ground on Jafza facility

  30 June 2026

  Dubai-based ports operator DP World and Lintara Properties, the real estate development arm of Bahrain-headquartered Arcapita Group Holdings, have commenced construction of a new 20,000-square-metre (sq m) build-to-suit logistics facility at Jebel Ali Free Zone (Jafza) in Dubai.

  The Grade A asset is being developed by Lintara Properties and will be operated by DP World as part of its integrated, end-to-end supply chain offering in the region.

  The project is slated for completion in Q1 2027.

  The facility will provide high-clearance warehousing, temperature-controlled zones, dedicated dangerous goods storage, office accommodation and related operational support amenities.

  The latest announcement follows Arcapita’s agreement last week with US-based firm Hines to establish an investment platform focused on industrial and logistics real estate assets across the GCC.

  The initiative will be supported by Lintara Properties.

  Arcapita has also signed an agreement with Asmo, the logistics joint venture of Saudi Aramco and DHL Supply Chain, to deliver a 1.4 sq m built-to-suit logistics complex at King Salman Energy Park (Spark) in Saudi Arabia.

  The project will feature a 43,000 sq m temperature-controlled Grade A warehouse; more than 3,000 sq m of office space and staff amenities; 5,300 sq m dedicated to chemical storage; and an open yard spanning about 1.2 million sq m.

  Planned for large-scale industrial use, the site is expected to incorporate advanced warehouse and building management systems, end-to-end digital connectivity, and automation and robotics.

  Lintara Properties was formally launched in October last year as a dedicated real estate asset management, development and investment advisory firm.

  ---

  READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDF

  Stress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.

  Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:

  > AGENDA: Gulf aviation ambitions face uncertain future > AIRPORTS: Dubai and Riyadh reaffirm airport ambitions > MARKET FOCUS: Levant recovers in three speeds  > INDUSTRY REPORT: Dubai eyes tourism sector recovery > 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

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

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  Yasir Iqbal
• 
  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
• 
  Consortiums sign agreements to develop Oman energy projects

  30 June 2026

  Consortiums led by France’s EDF Power Solutions have signed agreements to develop a 2,000MW pumped hydro energy storage (PHES) project and a 500MW solar independent power producer (IPP) project in Oman.

  The agreements were signed in Paris on 29 June during the official visit of a high-level Omani delegation to France, led by Sultan Haitham Bin Tariq.

  The framework agreement for the 2,000MW Jabal Abyad PHES project was signed by a consortium comprising EDF Power Solutions, Oman National Engineering & Investment Company (ONEIC), Takhzeen Oman and local firm Green Universe Enterprise, along with the Authority for Public Services Regulation.

  The project will be located near Wadi Dayqah Dam and is expected to be the Middle East’s largest PHES plant.

  The power purchase agreement for the 500MW Al-Kamil solar IPP was signed by a separate consortium comprising EDF Power Solutions, ONEIC and the local OQ Alternative Energy, alongside Nama Power & Water Procurement Company (Nama PWP).

  The project will be financed, built and operated by the consortium.

  The Al-Kamil solar photovoltaic IPP is EDF Power Solutions’ third renewable energy project in Oman following the 500MW Manah 1 solar PV IPP and the 120MW JBB wind IPP.

  As previously reported, the Kamil IPP sits alongside renewables schemes in Nama PWP’s development pipeline, including the 400MW Sina and 280MW Marsa solar IPPs. Plans also include the 800MW Mahout and 300MW Duqm 2 wind IPPs, both of which are targeted for commissioning between 2027 and 2029.

  Separately, the Omani government, EDF Power Solutions and Synergy Investments signed a memorandum of understanding to develop a 1,000MW sustainable digital infrastructure platform.

  The project aims to position Oman as a regional hub for artificial intelligence, advanced computing and cloud services in line with Oman Vision 2040.

  ---

  READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDF

  Stress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.

  Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:

  > AGENDA: Gulf aviation ambitions face uncertain future > AIRPORTS: Dubai and Riyadh reaffirm airport ambitions > MARKET FOCUS: Levant recovers in three speeds  > INDUSTRY REPORT: Dubai eyes tourism sector recovery > 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

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

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17491165/main.jpg

  Mark Dowdall
• 
  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