GCC infrastructure projects to hit $86bn in 2014
SAUDI, UAE KEY PLAYERS
The value of new infrastructure projects across the Gulf Cooperation Council (GCC) region is poised to hit $86 billion in 2014, up 77.8 per cent compared to last year, said a report.
Asteco open new corporate office in Dubai
Asteco, a leading real estate company in the Middle East, has opened a new corporate office in Rolex Tower in Dubai.
UAE group to launch $3bn premium projects
MAG Property Development, the real estate development arm of UAE-based Moafaq Al Gaddah Group, plans to launch six new premium projects worth $3 billion in Dubai, UAE this year.
New luxury residences project opens in Dubai
UAE-based developer Signature Estates has announced the launch of bespoke luxury residences at its new development '118' in Downtown Dubai.
Nakheel may consider IPO says CEO
'MARKET WILL RECEIVE IT WELL'
The chief executive of Dubai's palm island developer Nakheel said the success of a share sale by the malls unit of rival Emaar Properties could encourage it to list its own shares on the emirate's stock market.
United Furniture unveils new wooden collection
United Furniture, a leading furnishings outlet in the UAE, has launched its exclusive wooden collection which are flexible, weather resistant, easy to clean, resilient and eco-friendly.
Saudi Arabia to set up 5 solar energy plants
The Saudi government plans to construct solar energy-based power plants in five provinces across the country, said a report.
Qatar, UAE top spots for infrastructure investment
STRONG BUSINESS ENVIRONMENT
Qatar and the UAE are among the top five most attractive markets for infrastructure investment in the world, according to a new report.
Building expo Big 5 Kuwait opens today
New products and technologies, a heavy machinery and vehicle outdoor area, a new Interiors Products Zone and the FM Congress are set to feature in The Big 5 Kuwait, the country’s largest building exhibition set to open today (September 22).
Bahraini builders 'must be given priority for local projects'
Bahraini contractors should be given priority in carrying out government projects as long as this does not conflict with working laws, said the Premier.
Dragon City project's construction on track in Bahrain
Urban developer Diyar Al Muharraq has completed the foundation work on the Dragon Mall and Dining Street in Dragon City, in Bahrain.
UK construction machine firm to bolster Bahrain ties
A British-based construction machinery giant, whose equipment has helped build Bahrain, is predicting a bright future for the country.