• Saudi Arabia delays Makkah metro project

    FINANCIAL RESTRUCTURING
    The light rail system planned for the Saudi city of Makkah has been delayed so that the project's financing can be restructured, the head of the implementing body said on Wednesday.

  • EFS unveils integrated facilities management


    EFS Facilities Services, a regional leader in delivering integrated facilities management services, showcased its key products and solutions at the FM Expo 2016 in Dubai, UAE.

  • Grohe launches interior design course in AUD


    Grohe, one of the world's leading provider of sanitary fittings, has partnered with The American University in Dubai (AUD) to launch an advanced interior design course that focuses on wellness centers analysis, planning and design.

  • Akar completes Dubai park project


    Akar, a leading landscape contractor, said it has successfully completed the Dh24 million ($6.53 million) Palm Oasis Park, which is set to become a land mark project offering truly Arabian feel with a mix of over 39 types of Palm trees.

  • Marassi Al Bahrain awards key piling contract


    Marassi Al Bahrain, a key urban waterfront project being jointly developed by UAE-based Eagle Hills and Bahrain's Diyar Al Muharraq, has awarded the piling works contract for its lifestyle shopping and entertainment destination.

  • Orascom consortium wins $350m Egypt project deal


    Orascom Construction (OC) said its consortium has won the contract to build a $350-million pier for Egypt's Arab Petroleum Pipelines Company (Sumed) in Suez governorate, said a report.

  • Limitless set to make $536m early debt repayment


    Dubai-based real estate developer Limitless has confirmed that its early payment of Dh2.07 billion ($563 million) to banks and trade creditors will take place on Saturday.

  • Bahrain acquires land to build 25,000 housing units


    Bahrain's Housing Ministry has acquired necessary land in several areas of the kingdom for the construction of 25,000 new housing units for its citizens, said a report.

  • Saudi Cement trims proposed H1 dividend


    Saudi Cement, one of the kingdom's largest cement companies, said its board has proposed paying a cash dividend of SR2.75 ($0.73) per share for the first half, which is marginally lower than the share payout for the same period in 2015.

  • Kuwait to sign up Salini-Limak JV for $1bn residential city

    ROAD, INFRASTRUCTURE CONTRACTS
    Kuwait is expected to sign within two weeks a $1-billion contract with a joint venture of Italy's Salini Impregilo and Turkey's Limak Construction for its planned South Al Mutlaa City project, an official said on Wednesday.

  • Saudi JV to develop $3.6bn Egypt housing project


    Saudi-based Sisban Holding has joined hands with leading developer Egyptian Mountain View to launch its giant $3.6-billion luxury residential project in Egypt, said a report.

  • Muscat airport terminal to be ready by year-end


    Construction work on the terminal for new Muscat International Airport is going as per schedule and will be completed by year-end, said a report citing a senior minister.

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Saudi Arabia delays Makkah metro project

The light rail system planned for the Saudi city of Makkah has been delayed so that the project's financing can be restructured, the head of the implementing body said on Wednesday....



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