Saturday 10 October 2015

Draw Link strengthens Middle East presence

Draw Link Group, a leading architecture and interior design company, has strengthened its regional portfolio with the announcement of four new projects scheduled to be completed by next year.   The demand for contemporary design and customised architectural solu


Qatar Rail floats tenders for 12 metro station works

Qatar Rail’s tendering committee has floated tenders for developing 12 proposed metro stations, according to a report.   The is is seeking competent consultants and contractors to carry out the project, said The Peninsula report.  


Real estate sales remain slow, but prices are holding up

The total real estate sales in Kuwait reached KD2.1 billion ($6.9 billion) for the first eight months of the year, down 23 per cent from the same period last year, according to a report.   The sales continued to be slow in the real estate sector, while prices se


Monorail plan back on track in Bahrain

Commuters could soon ride high above the traffic as a monorail planned for Bahrain gets back on track after a long hiatus. First proposed almost a decade ago and approved by the Cabinet back in 2008, plans for a countrywide monorail network had to be put on hold shortly afterwards due to the


Egypt allocates funds for slum development

Egypt government is set to allocate €13 million ($14.5 million) from a grant by the German Society for International Co-operation (GIZ) for development projects for its citizens living in slum areas, said a report. The funding will be used for sanitation and housing projects


Saudi leads region with $1 trillion construction projects

Saudi Arabia has emerged as Middle East’s largest construction market with the value of projects planned and under way estimated to be more than SR3.75 trillion ($1 trillion), according to latest figures. This encompasses several sectors, including transport, infrastructure


Egyptians' dream shattered as $35bn housing scheme stalled

Egypt had signed a deal with UAE-based Arabtec, for a high-profile $35-billion housing project, in March this year. But now the development work has ground to a halt thus bringing Egyptians' big dreams to harsh reality, said experts. When Arabtec, the Abu Dhabi-run contractor


Indian engineering, construction firms eye Oman JVs

Several Indian engineering and construction firms are looking to set up joint ventures (JVs) in the sultanate to target growing opportunities in the country, said a report. As many as five or six Indian firms are in discussions with potential local partners for setting up JVs, re


UAE investors launch big project in Montenegro

Capital Investment (CI) in collaboration with Abu Dhabi Financial Group (ADFG), have officially opened, The Capital Plaza, the largest mixed-use real estate development in Montenegro. Located in the heart of Podgorica, Montenegro’s capital city, The Capital Plaza, occupying


Dubai set to announce preferred bidder for power plant

Dubai will announce the preferred bidder to build a clean coal power plant on October 13, an official told Reuters on Thursday. Construction of the 1,200 MW Hassyan plant would start next year, after commercial, legal and financial issues are finalised, said Saeed Mohammed Al-Tay

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