Middle East Conflict & Energy Risk: The US launched its ninth straight wave of strikes on Iran, aiming to degrade missile/drone capabilities tied to attacks on commercial vessels in the Strait of Hormuz, while Iran’s IRGC hit US positions in Bahrain, Kuwait and Jordan; Kuwait reported drone interceptions and a fire at a power and water plant, and Iran also claimed it stopped ships in the strait—keeping shipping and energy costs front and center for the region’s property and construction outlook. Nuclear Infrastructure Under Fire: Iran and the IAEA are trading accusations after US strikes reportedly targeted the Darkhovin nuclear power plant under construction; Iran says no nuclear material was present, while the IAEA confirmed it is investigating and that the site was in early construction stages. Iraq Construction Pipeline: Iraq awarded 2,279 public-sector building and construction contracts worth $18.45B in 2025, with Baghdad taking the biggest share, and private permits falling 11.4% year-on-year—an important signal for developers watching demand and financing. UAE Project Delivery: AtkinsRéalis was appointed lead design and supervision consultant for Sphere Abu Dhabi, a 2029 immersive entertainment venue on Yas Island, reinforcing continued high-end mixed-use and destination investment. Saudi Real Estate Access: A guide outlines routes for foreigners to invest in Saudi Arabia, from listed exposure to private stakes and residential development—useful for cross-border buyers tracking policy and deal flow. Oman Energy Build: PDO signed a six-year EPC framework with Petrojet–ENPPI for projects worth $6B+, underlining ongoing infrastructure spend that can spill into regional construction services.