Monday 8 February 2016

Majid Al Futtaim to open two malls in Riyadh

Majid Al Futtaim, a leading shopping mall, retail and leisure facilities operator, has announced plans to develop two new landmark shopping malls in Riyadh, Saudi Arabia. The Dubai-based firm will invest SR14 billion ($3.73 billion) on the projects, a Reuters report said.


Qatar Rail nets $3.6m in excavation savings

Qatar Rail has netted QR13 million ($3.6 million) in excavation savings from reuse of thousands of tonnes of demolition and excavation waste that has been generated from all its projects and the excavations of tunnels for its underground stations. The company's move to recycl


$1bn luxury project coming up at Shakespeare theatre site

UK residential developer Galliard Homes has joined hands with top developers Cain Hoy and McCourt and Chinese real estate group Vanke to launch a £750-million ($1.07 billion) mixed-use project - The Stage in Shoreditch, UK. The project, being developed in co-ordination with


Doosan machines play key role in Riyadh Metro project

Several hundred Doosan construction machines have been deployed in one of Saudi Arabia’s key city transportation schemes, the Riyadh Metro project, says their sole distributor in Saudi Arabia. Saudi Diesel Equipment Company (SDEC) said the machines gained favour with contra


Vinci eyes Iran bullet-train station contracts

French construction giant Vinci said it had started preliminary discussion with senior government officials  in Iran over construction of high-speed train stations in the country. Hit by weak growth at home, Vinci, the largest construction and concessions company in Europe,


EmiratesGBC seeks entries for green building awards

Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, is seeking entries from leading organisations for its coveted sustainable building awards. The EmiratesGBC awards are b


Egypt's Palm Hills profit soars to $131m

Palm Hills, Egypt's second-largest listed property developer, reported on Sunday a 128 per cent rise in fourth-quarter net profits to E£203.5 million ($25.99 million) from E£89.2 million in the same period last year. The company posted a 192 per cent rise in net p


Qatar to award $22bn World Cup 2022 contracts

Qatar is set to award more than $22 billion worth of new contracts in 2016 as it maintains its spending spree in advance of the Fifa 2022 World Cup, said a report by regional projects tracker Meed Projects, ahead of a key industry event. With more than $30 billion worth of projec


Saudi Cement halts production at clinker kiln

Saudi Cement will halt production at a clinker kiln that manufactures 3,500 tonnes daily and has scrapped plans to install two new cement mills, the company said on Sunday. It cited a cement export ban and market conditions for its decisions. Saudi Cement's clinker inventory


Arabian Construction in key safety milestone

UAE-based Arabian Construction Company (ACC) said it has achieved a major milestone for its health and safety operations in the region by reaching 10 million LTI (Lost Time Injury)-free hours. The impressive figure was attained at the company’s Sky View and Fountain View de

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