Saturday 25 October 2014

Majid Al Futtaim to build $683m Mall of Egypt

Majid Al Futtaim is set to invest 4.9 billion Egyptian pounds ($683.4 million) in the construction of the Mall of Egypt. Top government officials including Ibrahim Matlab, Egyptian Prime Minister along with Ashraf Salman, Ministry of Investment and Dr Mostafa Madbouli, Minister o


Aldar completes Abu Dhabi mall construction work

The construction work at the Yas Mall, Abu Dhabi's ultimate retail destination, has been completed and the development is now on track for launch in November, said a report. The mall is the second biggest in the UAE, and the largest in Abu Dhabi. It will house the emirate&rsq


Qatar’s real estate prices hit new high

Qatar's real estate price index hit an all-time high, surging a record 42 per cent this September, compared to the same month last year, said a report. The country's real estate prices has been steadily rising throughout this year except May, when the index fell marginall


Khodari may double capex for big Saudi projects

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it may double its capital spending in coming years to cope with the work it hopes to do on the country's big infrastructure projects. Saudi Arabia's SR855-billion ($228 billion) state bud


Management deals 'key to Qatar's property growth'

Development management agreements (DMA) are vital for protecting success in the real estate market in Qatar, said an industry expert. According to recent data from property developers, real estate year-on-year sales in Qatar jumped by nearly a third in June, with land purchases m


New hotels to be built at Dubai World Central

Two new hotels are being built at the Dubai World Central (DWC), the world's first purpose-built aerotropolis, which will be managed by the InterContinental Hotels Group (IHG). The new projects - the 450-room Holiday Inn and 250-room Staybridge Suites hotel -  will be develope


Kanoo, UK group to set up access platforms JV

Kanoo Machinery, one of the leading materials handling solutions providers in the GCC,  is set to sign a new partnership deal with IPS, the largest independent full service distributor of powered access platforms (aerial lifts) in the UK.   A member of The Kanoo Group, o


Top design experts at Dubai Downtown fair

Downtown Design, a leading platform for contemporary original design in the Middle East, has announced its final line-up of keynote speakers at the event's second edition to be held from October 28 to 31 in Dubai, UAE. Headlining the line-up this year is Mario Bellini, an int


New law to boost Bahrain property investments

Bahrain is set to attract significant investments into its property market, thanks to the new real estate development law that comes into effect in February, said an expert. Introduced this July, it seeks to protect the interests of investors and developers by establishing a stru


Souq Extra selects Yardi system for UAE retail centres

Souq Extra, an integrated property group, has selected Yardi’s Voyager 7S to manage its SouqExtra! centre portfolio. Established in 2007, Souq Extra has developed five SouqExtra! centres across three distinct UAE markets, retaining 100 per cent ownership of each centre and

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