Construction & Real Estate

EMSTEEL Q1 revenue touches $599m; profit up 246% to $81.42m

EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion ($599.05 million), remaining broadly in line with the corresponding period in the prior year. Net profit for the period amounted to AED299 million ($81.42 million), reflecting a 246 percent YoY increase....

Construction & Real Estate

Steel, construction projects lead $519m industrial push in Oman

Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report. ...

Construction & Real Estate

Dubai Investments keeps glass, steel, building materials ops running smoothly

Dubai Investments has announced that its integrated manufacturing platform - spanning glass, steel, aluminium and a range of building materials and industrial manufacturing solutions, continues to operate with full operational continuity, supporting construction and infrastructure activity across the region. ...

Construction & Real Estate

Bahrain's Foulath Holding declares force majeure over Mideast tensions

Foulath Holding, an industrial holding company with major steel investments and the parent company of Bahrain Steel and SULB, has announced a force majeure situation affecting certain group operations as a result of the ongoing regional conflict in the Middle East. ...

Construction & Real Estate

Construction sector faces brunt of disruptions caused by Gulf conflict

The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk....

Construction & Real Estate

ArcelorMittal to set up third manufacturing plant in Sharjah

ArcelorMittal Projects, part of the world-leading steel and mining group ArcelorMittal, has announced plans to establish its third plant at the Hamriyah Free Zone in Sharjah, spanning over a 1.4 million sq ft area. The operations are set to begin at the facility later this year....

Construction & Real Estate

EMSTEEL 9M revenue up 10% to $1.77bn; net profit $77m

EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, today reported revenues of AED6.5 billion ($1.77 billion) for the first nine months of 2025, marking a 10% increase compared to the same period last year....

Construction & Real Estate

1,500 producers and investors to join Middle East Iron & Steel in Dubai

Amid an unprecedented industrial transformation, steel remains the foundation of MENA’s next growth chapter. With over $3 trillion in active and planned projects and annual regional steel consumption forecast to surpass 65 million tonnes by 2027, the region is cementing its position as a driving force in the global industrial landscape. ...