Tuesday 29 July 2014

Dubai industrial rents continue to recover in H1

Dubai industrial rents were up strongly during the first six months (H1) of 2014 compared to a year, with seven of the nine major nine districts experiencing double digit growth, a report said. Class 2 buildings in Dubai Investments Park (47 per cent), Jebel Ali (39 per cent) and


OHL to sue Qatar Foundation over Sidra project

Spanish contractor Obrascón Huarte Lain (OHL) is planning legal action against Qatar Foundation, a leading education and cultural organisation in the country, related to a major project, reports said. A joint venture between OHL and US firm Contrack International lost its


Work starts on new Indian Embassy in Bahrain

Work is well underway on the new Indian Embassy in Bahrain, and will open its doors next year, said a top official. The structure of the new building is more than 21 per cent completed, embassy second secretary Gaurav Gandhi told our sister publication the Gulf Daily News (GDN),


Bahrain embassy work in Abu Dhabi on track

Construction is underway on the new Bahrain embassy headquarters in the Diplomatic Area, Abu Dhabi.   The ministries of foreign affairs and works are undertaking the 16-month project which includes also the ambassador's


200 firms in Bahrain defy summer work ban

Nearly 200 companies have violated Bahrain's summer work ban in less than 30 days.   About 70 per cent of the violations were registered in construction sites in the capital, said Labour Ministry Under-secretary Sabah Al


ME/Africa housing demand to reach 13m units by 2018

New dwelling demand in the Africa/ Middle East region is expected to reach 13 million units in 2018 with an annual growth of 3.7 percent, according to a report. The Freedonia research report, World Housing, said the demand will be supported by above average population growth and


Sharp rise in Qatar infrastructure spending

Qatar's spending on infrastructure projects showed a sharp rise last fiscal year, with country accelerating the pace of work on 2022 World Cup projects.   Qatar is expected to spend about


One-bed apartment costs $462,000 in Dubai

A one bedroom apartment in Dubai costs Dh1.7 million ($462,837) on an average, according to a new report by leading property search website propertyfinder.ae. The report said Dubai studio prices stand at AED 959,000 and a two-bedroom apartment at Dh3 million. The r


Glis wins Al Habtoor City project

Gulf Landscape & Irrigation Systems (Glis) was recently awarded the hotel and garden landscaping project for the St. Regis Hotel in Al Habtoor City, Dubai. Glis, a subsidiary of Al Khayyat Investment (AKI) Contracting, estimates the project to be completed in 16-20 months.


Sidra works awarded to Midmac joint venture

Qatar Foundation for Education, Science and Community Development (QF) has awarded the works to complete construction of Sidra Medical and Research Center, to a joint venture between Midmac and Consolidated Contractors Group (Offshore), said a report.

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