Friday 18 April 2014

Drake & Scull Kuwait wins $34.8m deals

Drake & Scull Kuwait (DSI Kuwait), a subsidiary of Drake & Scull International (DSI), has won contracts worth Dh128 million ($34.8 million) in Kuwait. It said the company won a major engineering contract worth Dh68 million for Sheikh Jaber Al Ahmad Cultural Center in Kuwa


Tasweek to highlight green tech for projects

Tasweek Real Estate Development and Marketing, an advisor and solutions provider, is partnering with ‘Inside Investor’ to hold an event to highlight advanced technologies for projects to sustain the growth of real estate and other related service industries. Smart Liv


CTBUH-Qatar meeting on April 23

The Council on Tall Buildings and Urban Habitat (CTBUH) Qatar will hold its regional meeting next week at the iconic Torch Hotel in Doha's Aspire Zone. The topic of the meeting on April 23 will be: Creating an Iconic Building: The Design and Construction of Aspire Tower'.


Dar Al Arkan Q1 profit rises 4.3pc

Saudi Arabian real estate firm Dar Al Arkan reported a 4.3 percent increase in first-quarter net profit on Thursday, beating analyst forecasts, on the back of higher sales of its developed properties. The kingdom's largest listed property developer made a net profit of 247.9


UNB to finance $238m Abu Dhabi airport works

UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.   The JV comprises of Power Transmission Gulf (40 per cent), China State Construction Engineeri


1,000-bed maternity hospital for Jeddah

A new 1,000-bed maternity hospital will be built attached to the King Abdullah Medical Complex in Jeddah, Saudi Health Minister Dr Abdullah Al-Rabeeah has announced. He also said Makkah will have a new 500-bed hospital, according to a Saudi Gazette report. The repo


Systra, Parson win Doha Metro deal

Qatar Railways has awarded a 170 million euro ($235.18 million) contract to conduct all tests necessary for the operation of the Phase 1 of Doha Metro project, a report said. The contract was won by Systra, a French railway transport engineering consultancy, and the US-based Pars


Kizad Logistics Park phase 1 work complete

Officials from Khalifa Industrial Zone Abu Dhabi (Kizad) have announced that phase one of its massive Kizad Logistics Park (KLP) has now been completed and warehouse units are being handed over to tenants. A total of 34 out of 41 warehouse units, equalling 83 per cent, from phase


Saudi firm to build 'eye-catching tower'

Saudi Arabia's Nayef Al-Rajhi Investment has singed a contract with Japan's Nikken Sekkei consulting and engineering company to build a mixed-use tower in Riyadh, a report said. The tower, on the King Fahd Road, will be a “masterpiece of architectural and engineerin


Luxury homes set to launch at Gulf Property Show

Amwaj Waves, a luxury residential complex in Bahrain, will be launched at the upcoming Gulf Property Show, a boutique showcase for the real estate sector, running from May 6 to 8. The launch will be made by Impact Estate, a real estate services company, appointed by project devel

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