Friday 27 May 2016

Bahrain road revamp work nearing completion

Bahrain Ministry of Works, Municipalities Affairs and Urban Planning said work was progressing well on road revamp project in Hidd area of the kingdom with 80 per cent of the job completed. The BD354,537 ($932,673) project for revamping of roads in Blocks 107 and 108 in the area


Myra eyes millennials with Dubai apartment project

Myra Properties, a UAE-based developer of high-end luxury properties, has launched its latest apartment project in Dubai, to target the growing community of young millennial expatriates who are increasingly relocating to Dubai for employment or wishing to invest in lucrative properties in the r


Oman's Asaas launches new construction unit

Muscat National Development and Investment Company (Asaas), aleading player in the country, has launched its new construction management subsidiary ‘Kayan.’ The newly-formed unit will be responsible for the management and execution of Asaas’ real estate developm


Al Sharq's Dubai residential project on track

Saudi-based Al Sharq Investment said 93 per cent of the structural work has been completed at its Alef Residences, a luxury project coming up on a 46,840-sq-m area at Palm Jumeirah in Dubai, UAE.   The Alef Residences, which will be a project of 'firsts', is to be ser


Dow unveils key CSP solutions at Dubai solar expo

The Dow Chemical Company is showcasing its range of concentrated solar power (CSP) solutions at the ongoing Middle East & North Africa Solar Conference and Expo (Menasol) in Dubai, UAE. A major highlight is the industry-leading Dowtherm, a heat transfer fluid which enables th


Reem Mall picks Yardi for property management

Reem Mall, a new shopping, leisure and entertainment destination coming up in Abu Dhabi, has automated property management and accounting with Yardi Voyager 7S. The Abu Dhabi retail destination has also implemented Yardi Commercial LeasingPad, which provides contact and prospect


Oman set for heritage village revamp

The Omani government is working on a major project to revamp the ancient village of Muttrah in the sultanate and develop it into a modern city along with traditional houses and heritage sites to attract tourists from across the world, said a report. The multi-million-dollar '


Qatar Rail completes 100km Doha metro tunnelling

Qatar Rail has achieved a major milestone by completing 100 km of tunnelling across the city for its ambitious Doha Metro network and 41 per cent of the work related to the project. With this achievement, 90 per cent of tunnelling has been done, with only 11 km more needed to com


Orascom Construction posts $23m Q1 profit

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million a year ago. The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the US in the first quarter. It reported EBITDA of $48.8 mil


$2 trillion projects in pipeline in GCC

The pipeline of projects planned in the Gulf Cooperation Council (GCC) states as of May 2016 amounts to $2 trillion, it was revealed at a summit of construction sector leaders in Dubai, UAE. Delegates attending the Meed Construction Leadership Summit in Dubai yesterday were told

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