Construction & Real Estate
Featured Story:
May 27, 2013
Dubai Properties Group, a member of Dubai Holding, has today announced the launch of a customer driven centre, ‘The Centre at Bay Avenue’.
Al Maabar International Investments, which is implementing the $10 billion Marsa Zayed project in Aqaba, on Sunday announced awarding contracts to build two large projects in Amman and Aqaba.
May 26, 2013
Arabtec Holding announced that its joint venture between Arabtec Saudi Arabia and Greece’s Terna has been awarded a SR 404 million ($107 million)contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
Emaar Properties has launched the sale of the second tower of the latest architectural masterpiece, Burj Vista, in Downtown Dubai, the 500-acre flagship mega development.
His Highness Sheikh Hamdan Bin Rashid Al Maktoum has instructed Dubai SME, to set up a sub-fund to support UAE nationals developing mobile applications focused on facilitating people’s access to government services.
May 23, 2013
Bank Alkhair, a Bahrain-headquartered Islamic wholesale bank, has announced the successful closure of the first tranche of a $750 million sukuk programme by Saudi Arabia's Dar Al Arkan real estate development company.
DAMAC Properties, the region’s largest luxury private developer, is launching sales on its latest serviced living project in the Burj Area of Dubai.
May 22, 2013
Experts say the rent hikes were due to rising costs of building and renovation, and the increase in the wages of workers in the construction and management of building.
A delegation from Swiss Re visited Al Habtoor Group on Tuesday, May 21, 2013 and met the senior executives of Al Habtoor Group for an introductory meeting.
Drake & Scull Construction (DSC) the General Contracting Arm of Drake & Scull International PJSC (DSI) has announced that it has been awarded a SAR 1.725 billion (some $460 million) contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah, Saudi Arabia.
May 21, 2013
MENA real estate developers can prepare for the next property cycle by building key commercial capabilities and reconfiguring their market-facing approach.
A good part of the funds would be invested towards the development of the emirate’s Western Region.
DAMAC Properties, the Middle East’s leading luxury private developer, has announced a comprehensive strategic plan to expand its operations to Iraq.
May 20, 2013
Work on a Dh267.5 million roads project will begin on an 80 kilometre two-lane highway that links Abu Dhabi’s third largest city with the Western Region.
Msheireb Properties has awarded a consortium comprising Obayashi Corporation and HBK Contracting the QR 2.5billion construction contract for the penultimate stage, Phase 3, of its flagship project.
