Zahid Group, OCS launch new FM venture in Saudi Arabia
OCS Arabia, a facilities management joint venture established between Saudi‐based Zahid Group and UK‐based OCS Group, has officially launched its operations in Saudi Arabia.
Nakheel in deal for St. Regis hotel on Palm Jumeirah
Dubai master developer Nakheel has signed a management agreement with the Starwood Hotels & Resorts Worldwide to operate a new St. Regis property in Dubai's Palm Jumeirah Island.
Al Hamra wins top awards at Arabian Property Awards
Leading UAE developer Al Hamra Real Estate Development (AHRED) won top honours in hotel, architecture, retail and residential categories at the Arabian Property Awards 2015, held recently in Dubai.
Dubai Parks and Resorts in big leasing success
Dubai Parks and Resorts, a multi-themed leisure and entertainment destination coming up on a 16 million sq ft area in the UAE, said it has leased out 50 per cent of the retail units ahead of the project launch in October next year.
Abu Dhabi readies capital projects plan
The Abu Dhabi Urban Planning Council (UPC) held a crucial meeting with 43 government entities and leading developers to create capital projects plan for the development of Al Gharbia and Al Ain regions of the emirate.
Wood Group wins Iraq project management deal
Wood Group, an international energy services company, said one of its engineering subsidiaries has won a three-year contract from a blue-chip oil company to provide project management services for its onshore facility in Iraq.
DC Pro highlights green tech for HVAC industry
DC Pro Engineering UAE, a leading global authority in district energy, has urged the GCC’s heating, ventilation and air conditioning (HVAC) industry to adopt new technologies that address energy efficiency and environmental concerns.
ME-Canada group wins $7bn Australian power bid
CONSORTIUM BEATS CHINESE RIVAL
An Australian-led consortium of investment funds from Middle East and Canada have won the bid to develop a power transmission network Transgrid, beating a Chinese challenger in a deal worth A$10.3 billion ($7.4 billion).
Iran, Russia sign $1.27bn railway line deal
Iran and Russia have signed an €1.2 billion ($1.27 billion) to electrify a railway line, linking north-central Iran to the northeastern border with Turkmenistan, according to a report.
Saudi property firm Alandalus plans December IPO
Saudi Arabia's Alandalus Property Company will launch an initial public offering (IPO) in mid-December, the market regulator said in a statement on Wednesday, the first flotation since the kingdom allowed direct foreign share ownership.
Egypt to complete East Port Said side channel by June
Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016, Mohab Memish, head of the Suez Canal Authority, said.
Gulfex launches new construction solutions at Big 5
Gulf Extrusions (Gulfex), a leading manufacturer of extruded aluminium products, has launched a series of construction solutions during its participation at The Big 5 International Building and Construction Show, in Dubai, UAE.