Seven awards Al Kharj entertainment complex contract
18 March 2024
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Saudi Entertainment Ventures (Seven), a wholly owned subsidiary of Saudi sovereign wealth vehicle the Public Investment Fund, has awarded Egyptian contractor Hassan Allam Holding the contract to build its planned entertainment complex in Al Kharj.
The development covers about 160,000 square metres (sq m) and is located in the Al Khuzama area of Al Kharj.
US-based engineering firm Gensler and Lebanon’s Dar Al Handasah are the project consultants.
UK-headquartered Mace Group is the project management consultant.
According to data from regional projects tracker MEED Projects, the tender for the main contract was issued in August last year, and the bids were submitted in September.
The contract award for the Al Kharj entertainment complex follows the selection of the local contractor, Modern Building Leaders (MBL), to build the estimated SR1.3bn ($347m) entertainment destination in Mecca.
In November, Seven appointed MBL to build its estimated SR1.3bn ($347m) entertainment destination in Abha.
Seven projects
Last year, Seven awarded contracts worth approximately SR10bn ($2.5bn) to develop its entertainment destinations in the kingdom.
In October, Saudi Binladin Group won contracts worth about SR5bn to build Seven’s two entertainment destinations in the Dammam and Alkhobar regions in the kingdom’s eastern province.
In February this year, MEED reported that the joint venture of Al Bawani and Urbacon had been awarded contracts totalling SR2.4bn for the construction of three entertainment complexes in Saudi Arabia.
The contracts cover the construction of entertainment projects in Tabuk, Yanbu and Medina.
Project pipeline
Seven plans to invest SR50bn in developing 21 integrated entertainment destinations in 14 cities in the kingdom as Riyadh pursues its strategy to move away from hydrocarbons, create jobs and improve the quality of life for citizens and residents.
The complexes are intended to help position the kingdom in the post-Covid-19 era as an entertainment, culture and tourism hub for the region.
MEED's April 2024 special report on Saudi Arabia includes:
> GVT & ECONOMY: Saudi Arabia seeks diversification amid regional tensions
> BANKING: Saudi lenders gear up for corporate growth
> UPSTREAM: Aramco spending drawdown to jolt oil projects
> DOWNSTREAM: Master Gas System spending stimulates Saudi downstream sector
> POWER: Riyadh to sustain power spending
> WATER: Growth inevitable for the Saudi water sector
> CONSTRUCTION: Saudi gigaprojects propel construction sector
> TRANSPORT: Saudi Arabia’s transport sector offers prospects
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Kuwait construction holds up despite regional strife29 July 2026

Kuwait’s construction and transport sectors are emerging from one of their strongest periods on record, with contract awards totalling $5.5bn last year, close to the record $5.6bn set in 2024.
Against that backdrop, momentum has held up better than expected in 2026. Awards in the construction and infrastructure sectors reached about $1.2bn in the period to 27 July, only marginally down from the $1.6bn recorded over the same period last year. Given the disruption to investor confidence and tender timelines across the Gulf caused by regional conflict, the near-flat comparison points to a market that has held its footing rather than stalled.
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Although the deal predates the current period of regional disruption, it helped establish momentum that has carried into 2026, with Kuwait continuing to advance large-scale schemes across ports, roads and utilities.
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Infrastructure pipeline
Kuwait’s infrastructure pipeline is now approaching $16bn, spanning ports, roads and utilities projects at various stages of tendering and execution. The most recent addition came at Shuaiba Port, Kuwait’s oldest and principal industrial gateway, where the Kuwait Ports Authority (KPA) received bids in July for infrastructure and electrical modernisation works.
The package sits alongside longer-term plans for Shuaiba. Since December, KPA has been in talks with Abu Dhabi’s AD Ports Group over a possible concession to develop a new container terminal, adding to a pipeline that already includes upgrade works at Shuwaikh and Doha ports under KPA’s wider tender programme.
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This infrastructure momentum has been mirrored in the construction sector, where Kuwait awarded an estimated $232m contract to China State Construction Engineering Corporation (CSCEC) in mid-July to construct the new headquarters of the Kuwait Direct Investment Promotion Authority (KDIPA). The contract covers a 275-metre, 55-storey office tower in Kuwait City’s Sharq district, targeted for completion in the second quarter of 2028.
Beyond the KDIPA award, several schemes forming part of Kuwait’s estimated $36bn construction pipeline are expected to progress in the coming months.
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Consultants are meanwhile bidding for the design and supervision of the estimated $580m service hub buildings at Al-Mutlaa Health City, a project spanning more than 351,000 square metres.
The Kuwait Authority for Partnership Projects (Kapp) has also awarded two landmark public-private partnership (PPP) deals this year.
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In February, United Real Estate Company was awarded the third phase of a waterfront real estate project in Sharq, Kuwait City, under a similar 15-year arrangement covering rehabilitation, development, operation and management.
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