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Knight Frank: Saudi Branded Residential Sector Set For $953 Million Boost$953 mn (SAR3.57 bn) of private capital is set to be deployed into Saudi Arabiaâs branded residential market, with more than two-thirds of Saudi nationals surveyed intending to buy a branded residence, according to The Saudi Report 2025 from global property consultant Knight Frank.
Knight Frankâs flagship survey of 1,037 households across the kingdom, including 100 Saudi-based expats, carried out in partnership with YouGov, found that Saudi nationals plan to spend $902.8 mn (SAR3.38 bn) on branded homes, with expats prepared to purchase branded residential real estate worth a further $50 mn (SAR187.7 mn).
The likelihood of buying a branded residence is closely correlated with income and social status, according to Knight Frank. Indeed, 81% of Saudi nationals earning over SAR50,000 a month are âlikelyâ to purchase a branded residence in the kingdom.
The group with the highest desire to own a branded residence (at 89%) are Saudi nationals earning between SAR 60,000 and 70,000 per month, said Knight Frank.
Faisal Durrani, Partner â Head of Middle East Research, said, âThe branded residential sector in Saudi continues to emerge, with locations such as Riyadhâs Diriyah Gate, Al Ula and Jeddah standing out as key hotspots for branded residential operators and developers. Historically, the branded residential market in the kingdom has been a relatively small segment of the residential sector, but this is changing rapidly.
âThe prestige factor, but more importantly the virtual guarantee of world-class facilities and property management, combined with the ability to instantly access a certain lifestyle, âlive the brandâ and place your home in a rental pool are adding to the allure of branded residential acquisitions in the kingdom. Indeed, two-thirds of Saudi nationals in our survey have declared an intent to purchase a branded homeâ.
Knight Frank said that perhaps due to uncertain long-term residency plans, and/or yet to emerge clarity on international home-ownership rules and regulations, Saudi-based expats with monthly incomes of over SAR 30,000 are least likely to purchase a branded home. Â Just under 50% of this group is âlikelyâ to purchase a branded residential home.
36% of all survey respondents are keen to purchase a branded home within the next two to five years, with a further 28% interested in obtaining a branded residence within the next one to two years. Notably, just 15% of those surveyed are keen to make a branded residential acquisition this year.
Mohamad Itani, Partner â Â Partner, Project sales & Marketing, KSA explained, âThe apparent hesitation among Saudi nationals and Saudi-based expats to purchase a branded home in 2025 could be linked to a limited range of branded residential developments and/or perhaps high pricing â branded residences often command a significant price premium and in Riyadh some branded residences are being sold for prices in excess of SAR 65,000 per square metre, which is well above the non-branded market-wide average of around SAR 5,500 per square metre.
âEven for the highest earners, the desire appears to be relatively low, with just 39% of Saudi nationals earning in excess of SAR 80,000 per month keen to purchase a branded home this yearâ.
Knight Frank said branded residences are typically a result of collaborations between renowned brands (hospitality, or non-hospitality) and developers, pooling expertise in design and operations to craft exceptional properties, intertwined with a luxury lifestyle. Developers gain the rights to market and sell properties bearing the brandâs typically prestigious trademark, with the brand often assuming oversight and service responsibilities to uphold exemplary standards. This partnership allows numerous advantages for owners, including the assurance of service and access to an unparalleled array of facilities.Â
According to Knight Frank, there are two types of branded residences:
According to Knight Frank, both Saudi nationals and Saudi-based expats are keen, first and foremost, to buy a branded home for personal reasons, with 39% keen on using the acquisition as a main residence. This figure rises to 51% among Saudi nationals earning between SAR 60,000 and 70,000 per month. A further 31% aspire to buy a branded home for their children or extended family. Those especially keen on accommodating their children and extended family in branded homes are Saudi nationals whose monthly income ranges from SAR 70,000 to 80,000 (48%).
Just under a fifth (19%) would look to make the purchase purely for investment reasons.
Knight Frank notes that while two-thirds of Saudi nationals and Saudi-based expats are keen to purchase a branded residential property, there are ways in which this demand can be further bolstered.
The high cost associated with purchasing a branded home may be a barrier for many Saudi households, believes Knight Frank, particularly when you consider that the average monthly income of Saudi nationals in Riyadh stands at SAR 25,995, while in Jeddah the figure is lower still at SAR 15,577.
The main factor that would make a branded home purchase more attractive to potential buyers would be the availability of âfinancing plans offered by local banksâ (39%). For expats, this rises to 47% and likely in large part stems from the complexities around securing home financing, especially for those looking for income multipliers in excess of 8-10 times.
Durrani said, âThe branded residential market in the Kingdom is still in its nascency, with just 1,775 existing branded residential units nationwide, with a further 2,500 units due by 2028. It is not surprising that the lack of branded property types and sizes has been cited as the second most important factor by potential buyers that needs to be addressed to make the sector more attractive. Over half of those earning between SAR 60,000 and 70,000 per month cited this as their most important consideration, hinting at an opportunity for developers to deepen this segment of the market furtherâ.
Linked to this is the limited number of branded residential operators in the kingdom at present. 33% of Knight Frankâs survey respondents â both Saudi nationals and Saudi-based expats â claim the shortage of brands operating branded residential developments is another area they would like to see addressed. Alongside the greater availability of financing from local banks (44%), this ranked jointly as the most important area of concern for Saudi nationals earning between SAR 50,000 and 60,000 per month.
Itani concluded, âMore brands are lining up and eyeing opportunities across the kingdom, which will no doubt help to satisfy the growing appetite for branded homes. The key for developers will be to offer branded homes that are on par with what is available in global gateway cities not just in terms of product, but the accompanying services, experience and of course pricing, will be critical factors in determining successâ.water
Apr 17, 2025
Construction Week
Modular Construction: How Dupod Is Reshaping The Gcc Building LandscapeAs the GCC experiences a construction boom, the industry is also evolving to embrace more sustainable and efficient building methods. Among these, modular construction is gaining momentum for its ability to speed up delivery timelines while supporting greener practices.
At the forefront of this shift is DuPod, a key player in modular innovation. With a strong grasp of cutting-edge technologies and regional demands, the company is redefining how buildings are designed and delivered across the GCC. In this Q&A, Ihab Ramlawi, Managing Director at DuPod shares insights into how their modular solutions are shaping the future of construction in the region.
DuPodâs modular construction approach directly supports the sustainability objectives of the GCC by significantly reducing material waste, energy consumption, and overall environmental impact. Studies show that modular construction can cut on-site waste by up to 90% compared to traditional methods. Additionally, the controlled factory setting minimises inefficiencies, further enhancing sustainability.
DuPodâs modular units incorporate high-quality insulation, energy-efficient systems, and sustainable materials, aligning with initiatives such as Saudi Vision 2030 and the UAEâs Net Zero by 2050 strategy. By integrating renewable energy options, water-efficient systems, and eco-friendly building practices, our solutions help reduce lifecycle energy consumption by up to 30% compared to conventional construction methods.
Modular construction accelerates project timelines by allowing simultaneous site preparation and off-site manufacturing, reducing overall construction time by up to 30%. This streamlined approach is particularly beneficial for fast-paced sectors such as hospitality, healthcare, and education, where rapid deployment is essential.
A notable example is DuPodâs delivery of a 1,000-room high-end hospitality bathroom project within 300 daysâ40% faster than conventional methods. This efficiency enabled the developer to generate revenue months ahead of schedule. By leveraging advanced design technologies and maintaining close collaboration with stakeholders, DuPod ensures a seamless, efficient construction process that meets the highest quality standards.
The GCCâs modular construction sector faces challenges such as varying building codes, transportation logistics, and regulatory approvals. DuPod addresses these by working closely with local authorities to ensure compliance with regional standards and proactively engaging with project stakeholders to streamline approval processes.
Our modular units are designed for efficient transportation and on-site installation, reducing logistical complexities and ensuring timely project completion. By aligning our manufacturing practices with GCC regulations and collaborating with key industry bodies, DuPod is driving greater acceptance of modular construction across the region.
DuPod leverages cutting-edge digital technologies to enhance efficiency, precision, and collaboration throughout the construction process. Our use of Building Information Modeling (BIM) allows for seamless design coordination, early clash detection, and improved project planning.
Through a combination of BIM-powered digital twin technology and Design for Manufacturing and Assembly (DFMA) principles, DuPod simulates installations before production begins, reducing design conflicts by up to 80%. Additionally, our use of automated robotic manufacturing enhances precision, reducing rework and material waste by 30-40%. This integration of technology ensures efficiency and high-quality output across all project phases.
DuPod has successfully delivered modular solutions for large-scale developments that demand speed, cost efficiency, and premium quality. Our expertise has been instrumental in high-profile hospitality and residential projects, where modular construction has cut project timelines while maintaining rigorous quality standards.
One key project involved the rapid production and installation of modular bathroom pods for a luxury hospitality development. This approach not only reduced construction time by 40% but also ensured cost savings by minimising material waste and labour expenses, demonstrating the financial and operational benefits of modular construction.
While modular construction is gaining momentum in the GCC, some misconceptions persistâprimarily concerns about design flexibility and quality. DuPod actively challenges these perceptions by showcasing fully customisable, high-end modular solutions that meet and exceed traditional construction standards.
Our projects in the residential and hospitality sectors in the UAE and KSA highlight the superior quality and efficiency of modular solutions. Leading developers in these markets are increasingly adopting modular construction, recognising its ability to deliver high-quality projects on time. As more successful case studies emerge, the industry continues to shift towards greater acceptance of modular solutions.
Testimonials from our clients â in relation to the first part of the question:
âWe are pleased to report that the majority of the delivered pods have arrived at the site in excellent condition, with no significant defects, despite the extensive transportation route. This achievement reflects [DuPodâs] commitment to quality and efficiency.â â Bahaa Richani, Senior Manager â Construction, AMAALA Construction
âDuPod is a leading innovator in modular construction, demonstrating a deep understanding of the latest technologies across the manufacturing and construction industries. Their exceptional work was recently showcased during Autodesk University â an annual conference where customers and industry experts come together and learn from one another, where they were recognized for delivering cutting-edge solutions and innovating in the development of workflows that optimize efficiency and scalability.â â Louay Dahmash, Senior Director, AutoDesk Middle East
âHighly professional and exceptionally skilled based on the working experience undergone at the Aquaventure Expansion project.â â Jacques Blaauw, Design Director, DSA Architecture Consultantwater
Apr 16, 2025
Construction Week
Integrating Architectural Systems Into Modern Building DesignsUnderstanding the clientâs vision is the first step in integrating architectural systems within projects. By carefully listening to the clientâs needs and preferences, architects can create designs that not only meet but exceed their expectations. This involves thorough communication and collaboration with the client to ensure that the outcome aligns with their vision for the project.
Integrating architectural systems in projects is not just about meeting functional requirements, it is also about creating designs that are aesthetically and visually appealing. By combining form and function, architects can achieve a harmonious balance that enhances the overall look and feel of the project. This involves paying attention to details such as engineering, functionality and materials to create a cohesive and visually stunning product design.
In the world of architecture, the design of a building goes far beyond its aesthetics. Architectural systems play a crucial role in enhancing the functionality, sustainability, and overall performance of a structure. From facades to shading elements, these systems have evolved over time to meet the ever-changing needs of modern architecture. Architectural systems refer to the integrated components and elements within a building that serve specific purposes. These systems are designed to provide solutions for structural, environmental, and aesthetic requirements.
Throughout history, architectural systems have evolved in response to technological advancements, environmental concerns, and changing design trends. From the invention of glass curtain walls in the 19th century to the development of smart shading systems in the 21st century, architects have continuously pushed the boundaries of what is possible in building design. With the introduction of sustainable materials, advanced simulation tools, and integrated building technologies, architectural systems are constantly evolving to meet the demands of a rapidly changing world.
The role of technology has profoundly influenced the design and implementation of architectural systems through digital transformation. This shift has revolutionized how architects conceptualize, plan, and execute projects, offering innovative solutions and enhancing efficiency throughout the entire process.
Euro Systems integrate advanced technologies like Building Information Modeling (BIM) software and Virtual Reality (VR) tools into their design and construction processes. These tools enable us to streamline collaboration, visualize designs in real-time, and identify potential issues before construction even begins, leading to superior project outcomes.
Euro Systems commitment to embracing technology demonstrates how innovative tools can elevate architectural systems, making them more precise, sustainable, and responsive to the ever-evolving needs of modern society.
In contemporary construction, architectural systems play a vital role in advancing energy efficiency and promoting environmental sustainability. By incorporating sustainable materials and practices into architectural design, engineers can significantly mitigate the environmental impact of structures.
Euro SystemsŽ is dedicated to sustainability through its impactful projects such as the BEEAH Headquarters. Designed by the esteemed Zaha Hadid, this exceptional building sets a new standard for future workplaces. Powered by solar energy and integrated with innovative technologies, BEEAH Headquarters is designed to achieve net-zero emissions, operating at LEED Platinum standards for peak energy efficiency.
Euro SystemsŽ collaboration with BASWA in optimizing the acoustic ambiance of this remarkable structure has been important. Installing BASWA Phon Fine and BASWA Phon Classic Top acoustic systems across 1500 square meters, Euro SystemsŽ seamlessly blended functionality with sustainability. These innovative acoustic solutions have been integrated intoceiling areas, wall sections of glazed office cabins, and even cove lighting, ensuring a harmonious balance between technology, design, and acoustic excellence. The intricate BASWA acoustic solutions have significantly elevated the auditory environment of BEEAH Headquarters, embodying a harmonious fusion of functionality and design finesse.
The House of Wisdom, Sharjah UAE was another pivotal project for Euro Systems. Designed by legendary UK practice Foster + Partners, the two-storey structure is notable for its sense of clarity and lightness. Euro Systems were specified to provide motorized shadingsolutions. The brief given was âLight is Key to designâ. We had to develop approaches to mitigate the harsh sun and reduce solar gain, how do we maintain good natural light and environment without allowing too much sun and heat into the building?
Euro Systems therefore designed and engineered Solange Speciality Shades. These are innovative shading solutions that can be modified to any shape, size, and configuration. The discrete guides of this versatile interior system makes it ideal for larger window areas. The shading system is particularly suited for screen fabrics with different openness factors for effective solar and heat control.
Balancing functionality and design are crucial in architectural solutions to ensure that the project not only looks impressive but also serves its intended purposesefficiently. Striking this delicate balance requires careful consideration of both the aesthetic and practical aspects of the construction process. Architectural systems used in modern buildings do more than just hold it together, they set the tone and mood of the space. Each system offers a unique sensory experience.
Kinetic architecture, an innovative concept where buildings can physically transform and adapt to environmental conditions, exemplifies this fusion of functionality and design. By seamlessly blending technology with architectural form, integrated systems that Euro Systems engineer, infuse a sense of dynamism and innovation into a buildingâs design. This harmonious balance not only elevates the structural appeal but also highlights a sophisticated fusion of artistry and engineering, creating a truly luxurious living experience.
Through the innovative integration of features such as bifold architectural louvers, projects like Framed Allure, where our teams displayed the seamless transition from fixed structures to dynamic and versatile elements. Unlike traditional fixed architectural louvers, these adaptive systems revolutionize the way sunlight and daylight are managed within a space.
By allowing individual control over the positioning of the louvers, occupants can effortlessly tailor the level of privacy, shading, and natural lighting to meet their specific needs, creating a more comfortable and efficient environment. Within Euro Systems calibre projects, this level of adaptability not only elevates the architectural aesthetics but also underscores the commitment to sustainable design principles and occupant well-being.
When crafting modern designs with integrated architecturalsystems,thereareencountersandahost of refined challenges. From the intricate installation challenges that demand precision and expertise, to the sophisticated design requirements that bespoke products must seamlessly blend form and function. To overcome this, thorough planning and coordination between different teams are essential to ensure smooth installation processes.
Additionally, integrating bespoke products with specific design requirements can also be a hurdle, as they may not easily fit into standardized designs. One effective solution is to involve architects and engineers early in the design phase to customize the products to seamlessly integrate with the overall design. Logistics play a crucial role in the integration process, as coordinating the delivery and installation of various architectural systems requires meticulous organization.
Additionally, investing in training programs to equip engineers with the necessary skills to manage and prioritizing creativity in design and innovation, Euro SystemsÂŽÂ aims to lead the way in shaping the future of architectural systems while maintaining a sharp focus on sustainability and functionality.
As we reflect on the significance of integrating architectural systems for the evolution of modern building design, it becomes increasingly evident that innovation is the key to shaping the future of our built environment. It is crucial for professionals in the industry to collaborate, exchange ideas, and push boundaries to ensure that our built environment remains both resilient and inspiring.
Let us empower ourselves to think differently, experiment boldly, and pave the way for a future where architectural systems in excellence know no bounds. integration challenges can significantly improve the process. Overall, addressing these challenges through strategic planning and effective communication is key to successful integration in modern designs.
The industry is witnessing a shift towards more efficient and eco-friendly solutions. Predictions for the future point towards a heightened focus on smart buildings equipped with automation and technology, enhancing functionality, and improving user experience. Euro SystemsŽ, as a pioneering architectural systems firm committed to innovation, is actively strategizing to stay ahead of these trends. By investing in research and development, fostering partnerships with leading experts,
Asrar Fayaz Khazi is the Architect and Country Manager for Saudi Arabia at Euro SystemsÂŽÂ Groupwater
Apr 15, 2025
Construction Week
Project Reporting: Delivering Insights, Not Just DataHow many project-based organisations can say they have a really good grip on the status and health of all the projects in their portfolio? From my experience, I would wager not a lot. Time and again in my line of work, we come across various issues in project reporting that hamper its usefulness, issues like inaccuracies in the information, data that provides little actual insight or even reporting that is too retrospective instead of looking at what is to come.
But it doesnât have to be this way. With just a few weeksâ worth of effort, organisations can put in place reports that tell leaders what they need to know, when they need to know it. And with a clear view of project status and health, project teams and leaders can make effective interventions early, helping to keep projects on time and on budget.
When weâre asked to take a look at a project thatâs in distress, one of the first things we do is go through the recent project reports to see what they tell us. How is delivery progressing against the plan? Is it on budget? How much change and delay has the project suffered so far? And so on.
More often than not, project progress reports are text heavyâfull of potentially biased commentary from project teamsâlacking the objective and insightful data required to really understand whatâs going on. The few KPIs that are presented are typically backward-looking and narrow in focus, concentrating for example on how late the project is against plan or how much of the budget is left to spend, giving little indication of whether the picture is good or bad. This can leave leaders struggling to spot areas of risk or which questions to ask at project review meetings.
Even well-established project control metricsâlike CPI, SPI, EV v. PV v. AC, EAC v. budget, key milestone tracking, risk exposure versus contingencyâare sometimes overlooked by organisations, including large and seemingly mature ones.
Without these, project leaders are flying blind and inevitably discover surprises (of the bad kind) when itâs too late to do anything about them.
With this in mind, once weâve completed the initial turnaround of a struggling project, we often help contractors/owners put in place stronger reporting to help them better understand project status and health.
This might include establishing more useful KPIs, which provide better insight into project performance and help management to spot future problems much earlier; making sure data in reports can be relied upon for decision-making, meaning it is current and reflects reality by connecting directly to primary data sources; and setting up an effective way to spot red flags using targets and trends and identify problem areas, helping management to focus on priorities.
Project reporting must provide a 360° view of a projectâs status and health, including financial, commercial, schedule, risk, quality, safety and sustainability aspects.And, of course, itâs vital to focus on leading indicators of performance, so management can identify and intervene in issues early.
If proper project management and controls are in place, most of these indicators are easy enough to determine without new processes or complex systems. But itâs vital that these KPIs, in fact, any KPI, are derived directly from the base source datasets, avoiding any manipulation along the reporting chain and enabling âliveâ monitoring.
As many organisations have added data analytics tools and cloud computing to their tech stack over the last few years, itâs now much easier to set up comprehensive and dynamic project reporting environments without needing industry-specific platforms. Thereâs a lot to be gained from simply standardising data, hosting it in a common repository and integrating it for presentation in a single dashboard-type interface.
Most organisations are already paying for the technologies needed to achieve this.Clearly, this space is ripe for disruption from AI. Tools that can distil hundreds of pages of project progress reports into a highlights summary in seconds already exist. And many startups are developing solutions that draw on large datasets to spot delays and attempt to predict risks that may occur in future. Early adopters will likely gain in the long run, but many in the construction sector are reluctant to invest or suffer short-term disruption.
In any case, project reporting is an essential tool to monitor the health and status of an organisationâs projects. But whether or not a project owner, developer or contractor decides to go for state-of-the-art reporting or just tried-and-tested, there are three actions they should take to strengthen their systems:water
Apr 15, 2025
Construction Week
A Day In The Life Of:Â Philip Gillard, Managing Director Of ArquitectonicaConstruction Week Middle East sat down with Philip Gillard, Managing Director of Arquitectonica, for an in-depth conversation about his journey through the world of architecture and design. From the early influences that shaped his career to the daily habits that keep him inspired, Gillard opens up about what fuels his passion for innovation and creativity.
If Iâm not doing a Crossfit class at Base3, Iâm taking my son to school so we get to spend some time togetherâafter he has selected a pair of âoddâ socks for me of course! He is the funniest person I know so it sets the day up perfectly.
The commute begins post school drop-off, cruising down Sheikh Zayed Road, past the site of Arquitectonicaâs upcoming project Mr. C Residences Downtown. The skyscraper marks the second Mr. C chapter in Dubai, following the Jumeirah property, which we completed last year, and won a Construction Week award for! Developed by ALTA Real Estate in partnership with Cipriani, itâs always a privilege to contribute to such a bold vision.
This is when I set the tone for the dayâusually consisting of project meetings or design reviews. We might be checking architectural renders or discussing a concept for a new project. In Saudi Arabia, we are currently finalising the initial stages of a luxury multi-use tower project with Urubah Investment in Riyadh, as well as a master planning project for Bin Dawood, along with a luxury branded residence on Palm Jumeirah in Dubai; a sector weâre particularly celebrated for, with over 60 collaborations across the world.
Once a month, we gather as a team for lunch at One Life in D3âa chance to switch off, share a drink, and have a laugh together. On other days, I might spend lunch catching up with industry peers, discussing upcoming projects, or exploring new opportunities to partner. People and collaboration are inherent to what we do. I believe they are fundamental pillars to success, so I always enjoy connecting with people and seeing where we can work together. If Iâm not meeting with someone, I like to use lunch as a break from the deskâgrabbing a thick black pen and letting ideas flow.
Afternoons are usually time to connect with clients. This might be a site visit, material reviews, or a presentation. Weâre fortunate to work with incredible people and play a part in bringing exceptional projects to life.
I spend time with the team, whether itâs mentoring, catching up, or just sharing a laugh. In the middle of the daily grind, itâs important to have these moments of connection and keep things light when we can.
The US office is now waking up. We might have a few calls scheduled to discuss global strategies, travel plans, and key upcoming events. Most days itâs all about collaboration as we work globally on all projects with our offices in Hong Kong, Miami, and Lima.
Home with my son and wife. Whether itâs dinner, bedtime stories, or simply catching up. You usually learn the importance of work/life balance the tough way. Time at home is something I truly cherish.water
Apr 15, 2025
Construction Week
Beltone Holding Completes Its Second Capital Increase Securing Egp10.5 BillionBeltone Holding (âBeltoneâ or the âCompanyâ) has successfully completed its second capital increase, securing EGP10.5 billion with a remarkable 98% subscription coverage. This outstanding result is a clear reflection of the confidence placed in the company by both shareholders and the market, reinforcing its successful growth and strong market position.
Notably, the majority of the subscription was secured through foreign investments, highlighting the strong confidence international investors have in Beltone Holdingâs strategy for sustainable growth.
Dalia Khorshid, Group CEO and Managing Director, commented, âThis second capital increase marks a defining milestone in Beltoneâs growth journey, reflecting the trust weâve earned from our shareholders and the marketâs recognition of our strong and impactful growth. Guided by a data-driven strategy, and powered by an exceptional team, we are accelerating growth across our platforms, with a strong focus on strategic expansion, AI, and digital transformation.â
The proceeds from the capital increase will be strategically deployed to fuel Beltoneâs growth across its platforms, focusing on expanding into high-growth markets, enhancing its digitally scalable capabilities, broadening its product offerings, and attracting top-tier talent to continue driving operational excellence and innovation.
In 2024, Beltone posted record-breaking financial results that underscore its transition into a strong growth phase. Consolidated operating revenues reached EGP7.2 billion, growing nearly 4x year-on-year, while net profit surged 4.6x year-on-year to exceed EGP1.7 billion. This exceptional performance was driven by significant contributions from across the companyâs platforms, led by the Non-Banking Financial Institutions (NBFIs) platform, which generated EGP5.8 billion in operating revenues, an almost 6x increase year-on-yearâand the Investment Banking platform, which recorded revenues of EGP1.3 billion, up 2.4x year-on-year.
This successful capital raise reinforces Beltone Holdingâs position as a future-focused financial powerhouse, committed to delivering sustainable growth and value creation for all stakeholders. FABMISR acted as the Subscription Receiving bank.water
Apr 14, 2025
Construction Week
Leadership Roles: Hkr Appoints Ayna Azhigali As DirectorHKR announced the promotion of Ayna Azhigali to Director. Ayna has been an integral part of HKR for the past ten years, progressing from Senior Architect to Associate, Associate Director, and now Director. Her expertise spans all project design and delivery stages, with particular strengths in residential mixed-use, hospitality and workplace in both the UK and the MENA region.
Ayna has a proven track record of securing planning approvals and successfully leading projects through construction. Her recent work includes delivering one of the worldâs largest fully volumetric residential developments, comprising 9,000 apartments in KSA and designing a large-scale mixed-use residential scheme in the UK, which will provide 348 new affordable homes across four blocks with a new public realm, retail and refurbishment of Grade Two listed train station.
Kola Ojeyomi, Managing Director of HKR comments, âAynaâs promotion to Director is a testament to her dedication, leadership, and exceptional design expertise. She has been instrumental in delivering high-quality projects that reflect HKRâs ethos always pioneering and challenging convention. As we continue our expansion, particularly in the Kingdom of Saudi Arabia and Uzbekistan, Aynaâs insight and experience will be invaluable in shaping the future of industrialised design and construction while further reinforcing HKRâs position as a global leader in design consultancy.â
On her promotion, Ayna commented: âIâm truly inspired to step into this role at a pivotal moment when HKR is leading the charge in innovation in design and construction. This is an exciting opportunity to contribute to HKRâs bold vision for the future, where design excellence thrives within a framework of cutting-edge technology and AI-driven solutions.
âDesigning within context, delivering beyond expectation is the teamâs guiding principle. Iâm excited to be part of it, helping shape the future of our industry and pushing the limits of whatâs possible.â
For over 30 years, under the leadership of Jerry Ryan, Executive Chairman and Managing Director, Kola Ojeyomi, HKR has been delivering commercially successful projects across multiple sectors.
In recent years, the firm has positioned itself at the forefront of the industry, improving construction efficiency and reducing environmental impact through cutting-edge technologies. HKR has developed in-house AI-driven design tools that optimise building performance and streamline project workflows, revolutionising the design process and the client experience.water
Apr 11, 2025
Construction Week
Building The Future: Ai And IotâS Transformative Role In ConstructionThe construction industry, traditionally seen as slow to adopt innovation, is experiencing a transformation. The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is addressing key industry challenges, including inefficiency, safety issues, and sustainability demands.
These technologies are enhancing the design and execution of projects and are poised to redefine the future of urban development. Together, AI and IoT enable predictive analytics, real-time decision-making, and automation, resulting in smarter, safer, and more sustainable practices.
AI has emerged as a game-changer in construction by optimising project workflows, improving safety, and enhancing design efficiency. AI-powered systems analyse data to predict potential delays due to weather conditions, labour shortages, or supply chain issues, allowing project managers to adjust schedules proactively.
Generative design, powered by AI, allows architects and engineers to explore multiple architectural solutions based on project constraints such as budget, materials, and environmental factors, leading to more efficient and sustainable structures. On construction sites, AI drives robotics and autonomous systems that execute labour-intensive tasks, including bricklaying, excavation, and site inspections. This not only increases productivity but also reduces reliance on manual labour, helping to address workforce shortages.
AI also enhances risk management by analysing safety hazards in real time, preventing accidents before they occur. AI-powered wearables further contribute to worker safety by monitoring fatigue levels and hazardous conditions, sending alerts when intervention is required.
In project planning and management, AI streamlines budgeting and scheduling by identifying discrepancies early and reducing cost overruns. Machine learning models analyse historical data from past projects to improve the accuracy of cost estimations and resource allocation. The transition from reactive to proactive decision-making significantly reduces project risks and inefficiencies, making AI an essential tool for the modern construction landscape.
IoT is transforming construction sites by creating interconnected environments where data is exchanged between equipment, materials, and workers in real time. This connectivity improves decision-making and enhances operational efficiency.
Predictive maintenance, facilitated by IoT sensors embedded in machinery, detects early signs of wear and tear, preventing costly breakdowns and minimising downtime. The ability to monitor equipment health in real time allows for timely repairs and reduces the risk of unexpected failures that could delay projects.
IoT also enhances inventory and supply chain management by tracking material usage and deliveries, ensuring that resources arrive exactly when needed and eliminating unnecessary waste.
Safety is another area where IoT is making a substantial impact. Wearable devices equipped with IoT technology monitor workersâ heart rate, body temperature, and exposure to hazardous gases. If dangerous conditions are detected, instant alerts are sent to supervisors, allowing for immediate intervention. This proactive approach significantly reduces workplace injuries and prioritises human well-being while maintaining operational efficiency.
Additionally, Real-Time Location System (RTLS) technology helps with workforce tracking, providing project managers with live insights into where teams are working and how efficiently resources are being utilised. This ensures that workflows are continuously optimised, projects stay on schedule, and budgets are effectively managed.
The true power of AI and IoT is realised when these technologies work together. IoT devices generate vast amounts of real-time data, which AI processes to extract actionable insights and automate decision-making. This synergy enables the creation of intelligent construction systems capable of improving efficiency, reducing costs, and enhancing safety.
Smart construction sites use AI to analyse IoT-generated data on worker productivity, energy consumption, and equipment usage. This helps managers optimise resource allocation, improve worksite efficiency, and ensure compliance with sustainability goals. AI and IoT also power digital twin technology, where virtual simulations of construction projects allow teams to test designs, optimise workflows, and predict performance outcomes before breaking ground.
AI and IoT facilitate energy optimisation by monitoring building systems such as HVAC and lighting. AI-driven analysis ensures that energy consumption is kept at an optimal level, while IoT sensors dynamically adjust these systems to minimise waste. The combination of these technologies is not only improving productivity but also steering the construction sector toward more resilient and environmentally conscious practices.
This emerging technology represents a significant leap in computational power, leveraging quantum mechanics to perform complex calculations at unprecedented speeds. Unlike classical computers that process binary data, quantum computers use qubits, which exist in multiple states simultaneously.
Quantum computing has the potential to revolutionise digital twin simulations by processing vast amounts of sensor data in real time, making predictions and optimisations more accurate than ever before. Quantum algorithms can also unlock new possibilities in generative design by exploring millions of structural configurations within seconds. Additionally, quantum-powered AI will significantly improve risk assessment models, allowing for more precise safety predictions and better decision-making regarding construction site management.
Despite the benefits, the widespread adoption of AI and IoT in construction is not without challenges. High initial investment costs pose a barrier for many companies, particularly small and medium-sized enterprises. The integration of AI and IoT with existing legacy systems remain a significant hurdle, as many firms still rely on older project management technologies that lack compatibility with modern digital solutions.
Cybersecurity concerns must also be addressed to protect vast amounts of project data transmitted in real time. As construction sites become more connected, the risk of cyberattacks increases, making it imperative for companies to prioritise data security. Additionally, workforce resistance to AI-driven automation remains a challenge, as there is often fear that these technologies will replace human jobs. However, rather than replacing workers, AI and IoT are augmenting roles by automating repetitive tasks and allowing professionals to focus on higher-value activities.
AI and IoT are actively reshaping construction today. As digital transformation accelerates, construction firms must embrace AI and IoT to remain competitive. The future of construction belongs to those willing to innovate, and with AI and IoT driving progress, the industry is set to build not just structures, but intelligent and sustainable communities that define the next generation.water
Apr 10, 2025
Construction Week
Owner Representation: The Key To Unlocking Successful Real Estate InvestmentsInvesting in real estate has always been perceived as a safe way to grow wealth on the long term. For investors, property is a treasured asset that retains and increases in value over time. Nonetheless, many property investors donât have the time or expertise to handle the complexities of development projects in a matter that ensures the projectâs success and safeguards their best interests.
Even when the projectâs prime location is a guaranteed win, property development remains an intricate journey that could be hindered by multiple risks and hurdles along the way, jeopardising the ownerâs vision and investment value. Consequently, investors have been increasingly resorting to industry experts who are capable of seeing their project through and overseeing the entire development process with minimum interference from their end.
This is how real estate players like Royal Development Company, which boasts over fifteen years of industry experience, succeeded in becoming a partner of choice for high-net-worth individuals seeking reliable, professional and trustworthy owner representation and development management services, from inception to completion.
As a leading player in this field, the role of Royal Development Company has been pivotal in the delivery of world-class real estate assets and transformative projects that meet the highest industry standards and shape the real estate landscape in over fifteen countries. This has allowed us to repeatedly achieve ownersâ goals and objectives, while helping them maximise return on investment through sound business practices. Â
The real reason why Royal Development Company has been able to stand out in owner representation and development management, is the adoption of a holistic approach in handling the property asset at hand.
While more conventional owner representatives stick to basics, weâve intentionally extended our scope of work to include everything from project management oversight throughout all phases, to research and feasibility studies, budget and schedule management, stakeholder management, bespoke communication plans, design, risk management and mitigation strategies, requests for proposals and bids, team members appointment, quality management and contract enforcement, and CRM, Sales and Marketing plans on behalf of clients.
This all-encompassing approach, which is customised based on ownerâs requirements, along with having a multinational team of talents on board with deep understanding of local specificities, has been key to earning property ownersâ trust and unlocking successful property investments, whether in the residential, hospitality or mixed-use realm. Such projects comprise Reem Hills in Abu Dhabi, Albizya Bay â Canopy by Hilton branded residences in Seychelles, Conrad Rabat Arzana in Morocco, Viceroy Kopaonik Hotel in Serbia, and Mallside Residence & Hotel in Dubai with branded apartments by Hiltonâs prestigious Curio Collection.
Beyond risk mitigation and sound financial planning, successful owner representatives show readiness to evolve with global real estate market trends through constant innovation in architecture, design, planning and execution. For Reem Heights Development in Lahore, we had to embrace sustainability and climate resilience as integral components of the projectâs urban design, devising a comprehensive real estate strategy for a smart and green neighbourhood. Â
Another example of high adaptability from the Royal Development Company portfolio is Waldorf Astoria Grand Hotel Minsk, which counts as one of the largest international real estate development projects in Belarus till date, and stands as an example of good integration into the urban planning context through graceful architecture that makes the building seamlessly blend with the environment. Â
In Greece, for Scarlet Beach Resort & Spa in Petrothalassa Bay, we had to work with nature, striving to find the right ways to incorporate all the latest amenities, infrastructure, and requirements of the hospitality sector in a high-end property without interrupting guestsâ relationship with the environment.
Working across different property categories has given Royal Development Company a competitive advantage and earned us an invaluable expertise across the real estate spectrum, making our contributions instrumental in the decision-making process under owner representation. With such an impactful role, owner representatives have become the eyes and ears of owners, paving the way for successful property investments.water
Apr 10, 2025
Construction Week
Behind The Doors Of Luxury: Evaluating Fire Safety Measures In Modern HotelsFire safety of a structure is a process that starts with the correct design of the building, continues with the correct material selection and the correct application of the selected material. Afterwards, it should be supported by the correct implementation and control of issues such as building permit, utilisation permit and practice permit.
When considering fire safety in terms of hotels, one can see that the main factors causing fires are lack of user care, lack of taking the necessary precautions in the kitchen, problems in electrical contacts, and delayed completion of maintenance-repair works. In cases where the right fire safety designs are not implemented, fire tends to rapidly grow and become difficult to control.
Specialising in fire safety for 70 years, the fire consultancy team of Efectis creates a fire concept specific to the building in question, working on each buildingâs special requirements.
During architectural, electrical, and mechanical project preparation phase, the correct inclusion of passive and active fire safety measures in the design and the planning of the most appropriate evacuation for the people in a building play a vital role in the safety of life and property.
When the material selection is not correct, even the best project cannot yield the right results for fire safety. Incorrectly selected façade materials for instance, can ignite rapidly and cause the fire to spread vertically to the entire building façade in a very short time, inducing smoke and flames to spread into the building from the façade openings, regardless of the cause of the fire.
Therefore, the risk of material damage and loss of life is quite high in buildings where correct selection of façade material is not implemented. These materials must prove their qualifications with test reports from accredited laboratories. In the absence of relevant reports, it is essential for public health and safety that designers and contractors never use these materials on high buildingsâ facades.
In the event that the purpose of use of building sections changes, the storage of materials is not suitable for the design, the building sections are illegally used or incorrect modifications are made, structures lose their fire resistance performance. It is necessary for the experts to regularly inspect the building to determine whether it continues to be used in a way that is suitable for its intended use and does not threaten fire safety.
In summary the right project; the right material, the right application, inspection, and the right operation are the five essential steps of fire safety in hotels, as in all building types.water
Apr 10, 2025