INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Diriyah signs JV agreement

Diriyah Square is located at the heart of Diriyah, the City of Earth. (SPA)
  • The 15-year design, build and operate contract covers open-access services for visitors, tenants, and residents of Diriyah.
  • In addition, more than 80 telecommunication towers are expected to be erected over the next three years.

Riyadh, Saudi Arabia–-Saudi Arabia’s Diriyah Company has recently signed a joint-venture agreement with Integrated Telecom Company (Salam) and Telecommunications Towers Company (TAWAL) to provide telecommunications services to the first phase of the Diriyah project, including services for areas of Wadi Hanifah and Wadi Safar.

The 15-year design, build and operate contract covers open-access services for visitors, tenants, and residents of Diriyah and fiber-optic connectivity for 2,000 plots.

In addition, more than 80 telecommunication towers are expected to be erected over the next three years, SPA reported.

Works commenced in August 2022 with the construction of temporary towers to enable telecommunications services during the construction phase. One of the project’s most notable sustainability features is the shared use of each tower among all three of Saudi Arabia’s primary mobile operators – STC, Mobily, and Zain – to minimize the number of towers required for coverage and their impact on the urban silhouette and landscape.

Also, camouflaged towers will be used to blend in with the surrounding heritage and architectural design. The project will also include high-speed fiber optics, 4G and 5G wireless services, as well as a range of indoor solutions.