Construction & Real Estate
May 30, 2013
With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.
Stocks in Dubai and Abu Dhabi continued to rise, with their benchmark measures gaining for the third straight day yesterday.
May 29, 2013
The Saudi development fund agreed Tuesday to lend Tunisia USD 150 million (some 230 million Tunisian Dinars) to co-finance construction of 20,000 housing units for low-income people.
The value of announced projects in Abu Dhabi’s Western Region is Dh295 billion, a top-ranking Abu Dhabi government official told reporters on the sidelines of Al Gharbia Development Forum in the capital, an event aimed to draw new investors to the region.
May 28, 2013
TASWEEK Real Estate Development and Marketing has announced that it has begun operations in Dubai as part of its ongoing global expansion efforts.
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.