Trojan wins $272m Emaar townhouses project contract
DUBAI RESIDENTIAL COMMUNITY
UAE-based Trojan General Contracting (TGC), said it has won a Dh1 billion ($272 million) contract from leading developer Emaar Properties for the construction of its Mira Oasis townhouses in Dubai.
Wison Engineering wins Saudi EPC contract
Leading Chinese group Wison Engineering said it won an EPC (engineering, procurement and construction) contract for an ethylene oxide and ethylene glycol project in Saudi Arabia.
RTA to open new Abu Dhabi-bound bridge
Dubai's Roads and Transport Authority (RTA) will open this Friday the Abu Dhabi-bound southern bridge on the Sheikh Zayed Road as part of the initial phase of the Dubai Water Canal Project.
JLL named top attractor company by LinkedIn
JLL, a leading real estate investment and advisory firm, has been selected by more than 433 million members of LinkedIn as one of the world's biggest companies at attracting and keeping top talent.
Oman's Aqar group to develop $1bn mixed-use project
LEASING AGREEMENT SIGNED
Oman-based Al Khonji Real Estate & Development (Aqar) has inked deals for the lease of land in Duqm Special Economic Zone to develop a mixed-use residential project at an investment of RO390 million ($1.09 billion), said a report.
Secon, Hilton ink deal for new Egypt hotel
The Saudi-Egyptian Construction Company (Secon) has signed a contract with international hotel group Hilton Worldwide for a four-star property in New Damietta, Egypt, said a report.
Behbehani starts work on Bahrain storage facility
Behbehani Brothers, a leader in the automotive business, said it has started work on its new multi-storey car storage facility and logistics unit in Bahrain. The construction is likely to be completed by first quarter of 2017.
Dewa to name winning bidder for desert solar complex
800MW POWER PLANT
Dubai Electricity and Water Authority (Dewa) will announce on Monday the winning bidder in a contest to build an 800-megawatt (MW) solar power plant in the emirate, the government-owned utility said.
Damac awards $817m contracts in H1
Damac Properties, a leading luxury real estate developer in the UAE, said it had awarded 25 construction and consultancy contracts worth Dh3 billion ($817 million) in the first half of 2016.
Brexit 'a boon' for Mideast property buyers
With Brexit confirmed as the UK’s new reality, investors from the Middle East region, who are looking to buy residential property in London, will find it 31 per cent cheaper compared to the third quarter of 2007, said a property expert.
NRC headquarters project completed in Abu Dhabi
Abu Dhabi General Services Company (Musanada), has completed all the work related to the Dh285-million ($78 million) National Rehabilitation Centre (NRC) headquarters project in the UAE capital.
UAE property expert Cavendish Maxwell names new CEO
Leading UAE-based property consultancy Cavendish Maxwell has appointed Nigel Armstrong, an industry veteran and also the former head of the Bannatyne Group in the UK, as its new chief executive officer.