14 October 2024
14 October 2024
This collaboration aims to leverage local plans and create new homes within thriving communities.
This award is part of the extensive Sheikh Rashid Corridor Development Project aimed at supporting the city's rapid urbanisation.
The agreements with Parcel Property, Forma Homes and Plunkett Homes are part of DHA鈥檚 New Builds Volume Leasing Program.
The contract involves building 50 holiday apartments and a parking facility.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Per GlobalData, the construction industry in Saudi Arabia is expected to record annual average growth of 5.2% from 2025 to 2028, supported by the government鈥檚 focus on boosting tourism, coupled with investments in commercial, energy, housing, and infrastructure projects. Forecasted period growth will also be supported by the government鈥檚 aim to develop 130GW of green energy infrastructure by 2030.
Per GlobalData, the construction industry in Saudi Arabia is expected to record annual average growth of 5.2% from 2025 to 2028, supported by the government鈥檚 focus on boosting tourism, coupled with investments in commercial, energy, housing, and infrastructure projects. Forecasted period growth will also be supported by the government鈥檚 aim to develop 130GW of green energy infrastructure by 2030.
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