Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, has launched municipal and development projects in Al-Ahsa worth SAR992 million. The initiative includes a new hackathon for housing solutions and a campaign to improve the urban landscape. Key agreements were signed, including investment contracts worth SAR50 million and nine community partnerships. The plans also feature three new parks, aligning with the Quality of Life Program under Saudi Vision 2030.
Saudi Arabia has officially opened the Hexagon Data Center in Riyadh, which is now the largest government-owned facility of its kind in the world. Classified as Tier IV, the center is a major part of the Saudi Data and AI Authority’s (SDAIA) plan to support Saudi Vision 2030. The facility spans 30 million square feet and possesses a power capacity of 480 MW. It aims to secure technical sovereignty over national data while helping to move the economy away from a reliance on oil.
Al-Futtaim Real Estate has launched Al Badia Villas, a new residential leasing project in Dubai Festival City. The development consists of 107 smart homes ranging from three to five bedrooms. These properties are situated within three hectares of parkland and are designed to combine modern technology with sustainable living. Residents will benefit from solar power systems and integrated smart home features compatible with major platforms.
Dale Stigamier has formally taken over as the executive leader of LCK as the project management firm prepares for its next phase of expansion across the Southeast. The transition comes as Mickey Layden steps down from her role as Chief Executive Officer after leading the company for 32 years. Layden will now serve as Founder and Chair Emeritus where she will focus on business development and community engagement.
MIDAR for Investment and Urban Development has signed a multi-billion pound agreement to establish the first social sports club in the third phase of Mostakbal City. Occupying 42 feddans, the EGP 3 billion project is being developed in collaboration with Alexandria Sporting Club’s investment arm. The facility will offer world-class sports courts, fitness centres and social areas, with the first phase set to open in early 2027.
The National Debt Management Center has secured a USD 13 billion syndicated loan to fund essential utility projects across Saudi Arabia. This seven-year arrangement is designed to support the development of power and water infrastructure. It aligns with the Kingdom’s Medium-Term Debt Strategy which focuses on diversifying funding sources. The capital will be directed toward development and infrastructure initiatives tied to the Saudi Vision 2030 economic plan.
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