12/11/2026 05:06 AST
Mas Engineering & Construction, a leading EPC contractor based in Dammam, Saudi Arabia, has secured a major contract from Al Ajlan Real Estate to develop the Lemar Commercial Complex, a mixed-use project in Riyadh.
On completion, the premium development will boast a total built-up area of 135,000 sq m and include a 22-storey five-star hotel with 345 rooms in addition to 10 office buildings.
It will also comprise more than 50 retail units, as well as landscaped areas and outdoor spaces, said the Saudi contractor in a statement.
The project will expand Mas Engineering & Construction's portfolio of hospitality and commercial developments, it added.
Trade Arabia
| Ticker | Price | Volume |
|---|
12/11/2026
The Financial Sustainability Conference for Economic Sectors recommended bolstering financial sustainability and technological innovation across economic enterprises and sectors, into line with Qatar
QNA
12/11/2026
Fitch Ratings has affirmed the credit ratings of Bank Muscat, Sohar International Bank and National Bank of Oman (NBO), maintaining stable outlooks on all three lenders, reflecting its assessment of
Muscat Daily
12/11/2026
Dubai is likely to see a V-shaped recovery in 2027 after its economy contracts this year due to the regional conflict, according to S&P Global Ratings.
Olivia Grant, associate director for f
Khaleej Times
12/11/2026
Humain, a Saudi PIF company delivering full-stack artificial intelligence capabilities globally, has announced a strategic partnership with VUZ, a global immersive technology company, to develop imme
Trade Arabia
12/11/2026
Palma Development, one of the UAE's pioneering real estate developers, has kicked off work on the second phase of the Serenia District community, thus marking a major milestone in its AED 5 billion m
Trade Arabia