Thursday 17 April 2014

Systra, Parson win Doha Metro deal

Qatar Railways has awarded a 170 million euro ($235.18 million) contract to conduct all tests necessary for the operation of the Phase 1 of Doha Metro project, a report said. The contract was won by Systra, a French railway transport engineering consultancy, and the US-based Pars


Kizad Logistics Park phase 1 work complete

Officials from Khalifa Industrial Zone Abu Dhabi (Kizad) have announced that phase one of its massive Kizad Logistics Park (KLP) has now been completed and warehouse units are being handed over to tenants. A total of 34 out of 41 warehouse units, equalling 83 per cent, from phase


Saudi firm to build 'eye-catching tower'

Saudi Arabia's Nayef Al-Rajhi Investment has singed a contract with Japan's Nikken Sekkei consulting and engineering company to build a mixed-use tower in Riyadh, a report said. The tower, on the King Fahd Road, will be a “masterpiece of architectural and engineerin


Luxury homes set to launch at Gulf Property Show

Amwaj Waves, a luxury residential complex in Bahrain, will be launched at the upcoming Gulf Property Show, a boutique showcase for the real estate sector, running from May 6 to 8. The launch will be made by Impact Estate, a real estate services company, appointed by project devel


Bahrain Works Ministry awards $31m tenders in Q1

Bahrain’s Ministry of Works has awarded 21 tenders worth BD12 million ($31.6 million) during the first quarter of the year, said a senior minister.   Minister of Works Essam bin Abdulla Khalaf also revealed that the ministry has invited bids for 18 tenders


Qatar to spend $182bn on new projects

Qatar plans to invest around QR664 billion ($182.3 billion) in infrastructure, excluding projects in oil and gas sector, in the next five years, Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and Trade, was quoted as saying. In view of the massive projects planned the


Arabtec AGM to discuss dividend, projects

Arabtec Holding, a leading engineering group, will hold its Annual General Meeting (AGM) in Abu Dhabi on April 30, where it will review the proposed distribution of 40 per cent dividends, 10 per cent in cash and 30 per cent in bonus shares. The meeting at the St Regis Hotel will


Nakheel invites bids for ‘The Boardwalk’

Dubai-based property developer Nakheel has invited bids for a new attraction that will extend along the entire length of the outer breakwater of Palm Jumeirah’s Crescent.   'The Boardwalk' will be a six-metre wide, 11-km long pedestrian pathway des


Saudi plans $3bn waste recycling project

The Saudi government has signed a memorandum of understanding (MoU) with a national company to establish a project to recycle waste, a report said. The project is expected to cost SR12 billion ($3.12 billion), the Arab News report said quoting local media. The recy


Projects boom in GCC; $40bn deals in Q1

The projects markets of the Middle East are set to enjoy a record-breaking year in 2014 with more than $40 billion worth of new contracts awarded in the GCC alone in the first quarter, a report said. New contract awards in the GCC will approach $150 billion in the year ending 201

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