Monday 25 May 2020

TechnipFMC JV to start work on Bapco project jetty

Technip FMC, a global leader in energy projects, said the TTSJV (its joint venture with Spanish contracting firm Technicas Reunidas and Korea's Samsung Engineering) is set to start work on the construction of the temporary jetty for $4.2 billion Bapco Modernisation Programme (BMP) located n


Saudi Neom project developers to get compensation over Covid

Real estate owners that are involved in Saudi Arabia’s Neom project will be financially compensated by the National Program for Community Development, reported Arab News. The program, also known as “Tanmia” in Arabic, will compensate owners in Sharma, Qayal, Al-


Global ICT groups 'must join hands to achieve ADN goal'

Leading global industry giants in the information and communications technology (ICT) sector must join hands to develop unified standards and hierarchical evaluation systems in bid to achieve the ambitious Autonomous Driving Network (ADN) solution goal, stated Huawei in its newly released white


Reportage Properties nets $71m in UAE sales within 4 months

UAE-based Reportage Properties has announced total sales of Dh260 million ($71 million) during the first four months despite Covid -19 challenges. The company is presently developing eight projects in Abu Dhabi and Dubai, which on completion, will provide about 3,150 housing units.


Union Coop's Al Barsha project 40pc complete

Union Coop, the largest consumer cooperative in the UAE, said steady progress is being made on its Al Barsha – 3 project in Dubai which is now 40 per cent complete.    Work is currently underway to complete the concrete structure of the building at th


India's construction sector to contract by 1.7pc in 2020, says report

The Indian construction industry is expected to contract by 1.7 per cent this year, as the slowdown in 2019 has been compounded by the two-month lockdown due to Covid-19, according to GlobalData, a leading data and analytics company.    The slowdown in the


Dubai allocates $1.52bn land plots, mortgages to citizens

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued directives to allocate 3,000 land plots and mortgages worth a total of Dh5.6 billion ($1.52 billion) to UAE citizens.  


Dubai intensifies inspections at construction sites over Covid-19

Dubai Municipality has annoucned that it has intensified monitoring and inspection of construction sites across the emirate to ensure all preventive and precautionary guidelines are being implemented and instructions in circulars followed. A total of 50,000 inspection visits were


Abu Dhabi's April real estate deals surge 34pc to $1.7bn

The value of real estate transactions in Abu Dhabi increased by 34 per cent to reach Dh6.3 billion ($1.7 billion) by April, through 2,617 real estate deals, compared to Dh4.6 billion ($1.25 billion) through 1,840 deals during the same period last year, according to statistics released by the De


Diyar Al Muharraq completes Al Bareh villas infrastructure work

Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced the completion of all primary and secondary infrastructure works on the villas located within the freehold Al Bareh development on the northern area of the South Island of Diyar Al Muharraq.

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