RUA Al-Haram Al-Makki Company has signed a collaboration deal with Malaysia’s MRCB International to explore a SAR 21 billion transit-oriented development within Makkah's King Salman Gate scheme. The proposal features a public bus terminal integrated with residential, commercial and retail elements. Designed to improve transport links for global pilgrims, the initiative supports Saudi Vision 2030 goals while maintaining local heritage.
Sun Group, Vietnam National Petroleum Group (Petrolimex) and National Commercial Bank (NCB) have signed strategic cooperation agreements in Phu Quoc. The deal expands linkages across energy, finance, aviation and tourism ahead of the APEC 2027 summit. The alliance includes sustainable aviation fuel research, electric vehicle charging rollout and dedicated banking solutions, strengthening operational capacity and green transformation initiatives across the region.
Skanska has signed an agreement in a joint venture with Stacy Witbeck to construct the East San Fernando Valley Light Rail Transit Project for LA Metro in Van Nuys, California. Skanska’s share of the overall USD 1.9 billion contract stands at USD 957 million (approximately SEK 8.9 billion), booked under third-quarter 2026 US orders. The 10.8-kilometre ground-level system with 11 stations will complete in December 2031.
Phu Quoc Special Economic Zone and Sun Group have signed six strategic agreements with key sector partners to upgrade island infrastructure before hosting APEC 2027. The project commitments cover a new Light Rail Transit line, localised security frameworks, a multi-level school campus, and community English education initiatives. The coordinated efforts aim to strengthen long-term municipal development across the island.
Arup and Obermeyer GmbH & Co. Kg have secured a masterplanning contract from Autobahn GmbH to redesign the A3/A1 motorway junction in Leverkusen. As one of Germany's oldest and busiest interchanges, the site will undergo extensive modernisation to ease congestion. The joint venture project features key civil engineering works, including a new one-kilometre bridge near the BayArena, while maintaining continuous traffic flow during construction.
TransLink has broken ground on its first real estate scheme, a 31-storey mixed-use tower at West Broadway and Arbutus in Vancouver. Developed alongside PCI Developments, the project features 256 rental homes, retail space, and community facilities directly opposite the upcoming Arbutus Station. The scheme marks a new funding model for TransLink, generating long-term non-taxation revenue to reinvest directly into the regional transit network.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
