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  Riyadh tenders Quality Valley mixed-use PPP project

  9 July 2026

  

   

  Saudi Arabia’s State Properties General Authority, in collaboration with the National Centre for Privatisation & PPP, has tendered a contract to transform the Saudi Standards, Metrology & Quality Organisation's headquarters site in Riyadh’s Al-Muhammadiyah area into a mixed-use district.

  The firms have been allowed until 8 October to submit their proposals.

  Known as the Quality Valley Riyadh project, the public-private partnership (PPP) scheme will be developed on a design, build, finance, operate, maintain and transfer basis.

  In May, MEED reported that 59 firms had expressed interest in the contract to develop the project.

  Unless otherwise stated, the interested companies are local. They now include:

  Developers / real estate developers:

  • Abdulrahman Saad Alrashid & Sons (Artar)
  • Ajdan Real Estate Development Company
  • AlBawani
  • Al-Gihaz Holding
  • Al-Ayuni Investment & Contracting
  • Alameriah Development
  • Alargan Projects Company
  • Al-Fahd Company
  • Alkhorayef Investment & Development
  • Al-Soliman Real Estate
  • Al-Saedan Real Estate
  • Asyad Holding Company
  • Arabian Construction Company (UAE)
  • Business Deal Company
  • Ezdihar Real Estate Company
  • Hay Developments
  • Heyazah Real Estate Development
  • Kinan International 
  • Ladun Investment Company
  • Lamar Holding (Bahrain)
  • Ledar Investment
  • Liwan Real Estate Development
  • Mada International
  • Naif Alrajhi Investment
  • Pan Kingdom Real Estate
  • Refad Investment & Real Estate Development
  • Retal Urban Development Company
  • Al-Mozaini Real Estate
  • Safari Group
  • SkyBridge (US)
  • Sumou Real Estate
  • Tatweer
  • Technical Development Company
  • Telad Real Estate
  • Zamil Group
  • Zeoof Real Estate Investment & Development

  Contractors:

  • Al-Kifah Holding Company
  • BEC Arabia
  • Buna Al-Khaleej Contracting Company
  • Saudi Binladin Group
  • Fanar Arabian International
  • International Hospitals Construction Company
  • Mohammed Ali Al-Swailem Trading & Contracting (Masco)
  • Mobco Civil Construction
  • Shar Company
  • Shibh Al-Jazira Contracting Company
  • Urbas Middle East (Spain)

  Consultants:

  • Alteraz Design Architectural & Engineering Consultant
  • Dar Al-Riyadh
  • Meinhardt Group (Singapore)
  • Equity Investors
  • Ahmed Al-Thunayan Investment Group
  • Aldrees Industrial and Trading Company
  • Tanami Holding
  • Own United
  • SAH First Investment Company  
  • ​Sumou Global Investment / Poly Manners Architecture
  • Financial Services Providers​​
  • GIB Capital
  • Mefic Capital
  • SNB Capital

  The project comprises commercial offices, a four-star hotel and retail facilities. The contract term is 32 years, in addition to a three-year construction period. The site covers about 191,000 square metres.

  UK-based PricewaterhouseCoopers, US-based engineering firm Jacobs and Saudi Arabia’s Al-Nowaisser & Al-Suwaylimi are advising on the project.

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  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/17603519/main.jpg

  Yasir Iqbal
• 
  Egypt gold project to start commercial production next year

  9 July 2026

  Egypt’s Abu Marawat gold project is on track to begin commercial production in 2027, according to a statement by the North African country’s Petroleum & Mineral Resources Ministry.

  This target was highlighted during a meeting with Abu Marawat Gold Mines Company to review and discuss the Environmental and Social Impact Assessment study for the gold mining and extraction project in the Abu Marwat area of ​​the Eastern Desert.

  Abu Marawat Gold Mines Company is the Egyptian joint-venture company set up to develop and run the Abu Marawat gold project.

  It is owned by Canada’s Aton Resources and Egypt’s Mineral Resources & Mining Industries Authority (MRMIA).

  During the meeting, Yasser Ramadan, chairman of the MRMIA, said that the Marawat project serves as a practical model for the Petroleum & Mineral Resources Ministry’s strategy to establish modern mining operations.

  The Abu Marwat project is located in the Arabian-Nubian Shield region of the Eastern Desert.

  The concession covers an area of more than 57 square kilometres.

  Aton Resources has been advancing the exploration and development of the Abu Marawat concession since its award in 2007, with active exploration starting on the ground in 2009.

  The meeting with Abu Marawat Gold Mines Company was attended by executives from the Petroleum & Mineral Resources Ministry, the MRMIA and the Egyptian Environmental Affairs Agency, as well as representatives from the Red Sea and Qena governorates, members of the House of Representatives and local community leaders.

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  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/17603106/main.jpg

  Wil Crisp
• 
  Firms submit King Salman airport project prequalifications

  8 July 2026

  

   

  Register for MEED’s 14-day trial access 

  Saudi Arabia’s King Salman International Airport Development Company (KSIADC) received prequalification statements on 1 July from contractors for two new packages at King Salman International airport (KSIA) in Riyadh.

  These include the construction of a permanent East-West corridor and landside access roads serving the North and South terminals.

  The scope covers the construction of roads, bridges and tunnels.

  The client is expected to float the tenders soon.

  The latest development follows KSIADC's selection of three groups to deliver the Terminal 6 apron, taxiways and other airfield infrastructure at KSIA.

  KSIADC, which is backed by Saudi sovereign wealth vehicle the Public Investment Fund, will initially deliver the project on an early contractor involvement basis.

  In March, MEED exclusively reported that KSIADC had selected three groups for the construction of Terminal 6.

  In November last year, MEED reported that KSIADC was targeting mid-2026 to award the contract for the construction of Terminal 6.

  MEED reported in May 2025 that US firm Bechtel Corporation had been appointed as the delivery partner for the terminals at KSIA.

  According to local media reports, KSIADC’s acting CEO, Marco Mejia, said the project developer has completed the project’s masterplan.

  The reports added that Terminal 6 will boost the airport’s capacity by 40 million passengers.

  The project is expected to be delivered before the start of Expo 2030 Riyadh.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17588533/main.jpg

  Yasir Iqbal
• 
  WEBINAR: Saudi Giga Projects: Market Update for Q3 2026

  8 July 2026

  Webinar: Saudi Giga Projects: Market Update for Q3 2026 
  Tuesday 21 July 2026 | 11:00 AM GST  |  Register now

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  Agenda:

  • Saudi projects market outlook and giga projects update
  • 2026 contract awards, project activity and market performance
  • Giga project reprioritisation, funding allocation and delivery progress
  • Key project announcements, milestones and market developments to watch
  • Major contracts awarded across construction, infrastructure and utilities
  • Upcoming tenders and contract award opportunities over the next 6–12 months
  • Geopolitical risks and their impact on project execution and investment
  • Progress across NEOM, The Red Sea, Diriyah, Qiddiya and New Murabba
  • Major non-giga project opportunities and growth sectors across Saudi Arabia
  • Short-, medium- and long-term outlook for the Saudi projects market
  • Audience Q&A

  Hosted by: Yasir Iqbal, MEED's construction editor

  Click here to register

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17588750/main.jpg

  Yasir Iqbal
• 
  Genel Energy buys Egypt-focused oil company for $360m

  8 July 2026

  Register for MEED’s 14-day trial access 

  UK-listed Genel Energy has agreed to acquire Egypt-focused Capricorn Energy in a $360m all-cash deal.

  Genel said the acquisition will combine its Kurdistan production base with Capricorn’s portfolio of Egyptian oil and gas assets.

  The company also said the deal will allow it to obtain production in a country with a “well-established regulatory regime, stable contracts and attractive fiscal terms”.

  Several approvals are still required before the acquisition can be finalised.

  In a statement, Genel said: “Genel’s strategy is to build a business with resilient diversified cash flows that deliver sustainable value to shareholders.

  “The Genel board and Genel management are resolute in their belief that this can best be achieved through strategic acquisitions, which add substantial high-quality producing assets to its existing portfolio.”

  Genel’s existing oil and gas assets include its 25% non-operated working interest in the Tawke PSC in the Kurdistan Region of Iraq.

  The company said this asset generated working interest production averaging 17,520 barrels a day (b/d) of oil in 2025 and had operating costs of around $4 a barrel.

  The combined group is expected to hold reserves of 117 million barrels of oil equivalent and production of 41,003 b/d.

  Capricorn is headquartered in Edinburgh and has been listed on the London Stock Exchange for more than 30 years.

  Its core operations are in Egypt’s Western Desert region, where it holds onshore development and production assets.

  In May 2025, Capricorn agreed with Egyptian General Petroleum Corporation to consolidate eight of its 50:50 jointly owned concessions into a single integrated licence with enhanced commercial terms. Capricorn announced in March 2026 that it had received formal parliamentary ratification of the agreement.

  The deal has been announced at a time when Genel is seeing frequent disruption to operations at its assets in Iraqi Kurdistan.

  Production was temporarily suspended at the Tawke field in February after the US and Israel attacked Iran, increasing security concerns in the wider region.

  While the security situation is understood to have improved in the Iraqi Kurdistan region and many oil companies have resumed operations, there are now concerns that the Iraq-Turkiye Pipeline could be shut due to an agreement between the two countries expiring later this month.

  If the pipeline does stop operations, it will negatively impact Genel as it is the main route through which the company’s Iraqi oil is exported.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/17587599/main.jpg

  Wil Crisp