IRHM, Your Global Window into Real Estate and Hospitality

July 3, 2026

Construction

TA’ZIZ, a joint venture between ADNOC and ADQ, has awarded a $1.99 billion Engineering, Procurement and Construction (EPC) contract to China National Chemical Engineering & Construction Corporation Seven, Ltd. (CC7). The contract is for constructing the UAE's first integrated, single-site polyvinyl chloride (PVC) production complex, which will be one of the top three largest globally. The Phase 1 ecosystem is expected to contribute $50 billion to the national economy and create 26,000 jobs.
Japanese architectural company SOBOKUYA, specializing in traditional carpentry and sustainable design, will establish its first Middle East base in the Dubai Design District in November. The company is exhibiting at Dubai Design Week 2025 in collaboration with Nikken Sekkei Dubai FZ-LLC. From its new Dubai base, SOBOKUYA plans to expand into Europe, South Asia, and Africa, developing projects that combine Japanese minimalism, wabi-sabi aesthetics and modern functionality. The move follows the establishment of SOBOKUYA's bases in Vietnam, marking a key next step in its global expansion.
The Weitz Company has broken ground on the new Four Seasons Resort and Residences Telluride in Colorado, marking the start of construction on Mountain Village’s last snow-front development site. The 532,000 sq ft project will deliver 52 hotel rooms, 43 hotel residences, and 26 private residences, setting a new benchmark for luxury mountain living.
Suffolk has commenced work on Miami-Dade County’s new $210 million Integrated Command & Communications Centre in Florida, a state-of-the-art emergency hub set to enhance regional safety and resilience.
GS Engineering & Construction will divest its Spanish water subsidiary GS Inima Environment in a $1.2bn deal, expected to close by 2027, as part of a wider portfolio restructuring strategy.
DMDC has expanded into Abu Dhabi with a luxury project at the Four Seasons Residences, marking the company’s evolution from a Dubai-focused firm to a regional leader in design and construction.

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