Saudi Arabia working on $300bn infrastructure projects
FOCUS ON POWER, TRANSPORT
Defying the global and regional trends of recession, Saudi Arabia is currently executing infrastructure projects worth $300 billion, majority of them related to power and transport sector, said a report citing a senior industry official.
Bahrain awards $6.7m project tenders in August
Bahrain has awarded a total of eight tenders worth BD2.56 million ($6.74 million) in August besides inviting bids for 15 tenders worth BD6.77 million ($17.8 million) for projects related to roads, sanitary work and construction sectors.
Pinsent Masons wins big project finance award
International law firm Pinsent Masons, which has regional offices in Dubai and Doha, has been named Best Law Firm for Project Finance at the Islamic Finance News (IFN) Awards 2016.
Balfour Beatty buys UK engineering firm Omnicom
Balfour Beatty, a leading international infrastructure group, has acquired Omnicom Engineering, an innovative UK company which specialises in laser surveys and high-speed video inspection.
London to launch inquiry into foreign property ownership
London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying.
Majid Al Futtaim wins 'Green Star' status for third year
Majid Al Futtaim, a leading regional shopping mall, retail and leisure pioneer, said it has won the “Green Star” status for the third year in a row, by the Global Real Estate Sustainability Benchmark (GRESB) scheme.
Bahrain's Impact group wins top property awards
Bahrain-based Impact Group, one of the region’s leading management consultancy firms, has received top honours at the International Property Awards for Africa and Arabia regions.
Dubai brokers 'need government approval for property ads'
The property brokers in Dubai, UAE, will need to get approval from the Real Estate Regulatory Agency (Rera) before issuing advertisements and social media campaigns under new rules framed by Dubai Land Department, said a report.
Qatar sets ambitious 2030 'green buildings' target
Qatar has set an ambitious target to develop the highest number of ‘green or carbon-neutral’ buildings across the Middle East and North Africa (Mena) region by 2030, said a report.
UAE industrial rental market 'steady' despite oil slump
The UAE industrial rental market continues to put up a relatively steady performance despite the global economic uncertainty brought about by a sustained slump in oil prices, said a report by a real estate expert.
Omran releases prime land for sale at Madinat Al Irfan
Oman’s leading development company Omran said it was making available significant investment opportunities at Madinat Al Irfan, the country’s biggest urban development, with the release of 10 major land plots.
Interface hosts workshops for regional architects, designers
Global modular flooring manufacturer Interface has launched the DesignLab, a series of VIP workshops for architects and designers centred on the principles of biophilic design in Dubai, UAE.