Construction & Real Estate

Al Masraf seals project financing deal with Innovo Group

Al Masraf (Arab Bank for Investment & Foreign Trade) has announced that it has inked a major project financing deal with Innovo Group, an industry leader in construction and development across the built environment. This funding will help Innovo in delivering a significant project. ...

Construction & Real Estate

UAE cabinet approves AED292.5bn federal budget for 2027-29

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027–2029, totalling AED292.5 billion, up 28.3% over the previous three years. ...

Construction & Real Estate

Chinese company signs major Kuwait wastewater treatment project deal

China State Construction Engineering Corporation (CSCEC) said it has signed the contract to build the North Kabd Wastewater Treatment Plant in Kuwait, thus marking the latest infrastructure project under co-operation between the two countries through China's Belt and Road Initiative. ...

Construction & Real Estate

Dar Al Handasah appointed for study on $4bn Qatar-Bahrain causeway

Lebanese group Dar Al Handasah has secured a contract to conduct studies for the $4billion Qatar-Bahrain causeway project. The scope of work includes financial, economic, social and environmental feasibility studies for the 40km causeway, also known as the Friendship Bridge, said a report. ...

Construction & Real Estate

GCC economic growth lifts cross-border real estate ownership in 2024

Economic, investment and services activity within GCC expanded by 2024-end with the intra-GCC trade surging to $146 billion in 2024, according to a report. The real estate ownership cases by GCC citizens in other member states reached 17,900 in 2024. ...