Wednesday 26 October 2016

T.Zed unveils The Cocoon at Dubai design expo

UAE-based T.Zed Architects and the American Hardwood Export Council (AHEC), a leading international trade association for the American hardwood industry, unveiled 'The Cocoon’, at Downtown Design expo which runs until October 28, at Dubai Design District (d3). A progres


Sharjah plans survey on labour housing units

Sharjah government will conduct field surveys on labour housing to get precise information about the current status of existing facilities and services available to workers and to predict future needs, said a report. The surveys are the first of its kind in the UAE and will provi


Sika Gulf mulls key acquisition to boost growth

Bahrain-based Sika Gulf, a joint venture between Swiss construction materials group Sika and Saudi Sumam Chemicals, aims to double the company's turnover in the next five years by accelerating organic growth and through key acquisitions, said a senior official. Ashraf Wahib,


Mena region planning $245bn railway projects

Railway and metro schemes worth $245 billion are being currently planned in the Middle East and North Africa (Mena) in preparation for mega global events such as the Dubai Expo 2020 and the 2022 FIFA World Cup in Qatar, said experts. The region is already working on $89 billion w


Saudi developer Jabal Omar swings to quarterly profit

Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, has reported a quarterly net profit of SR691 million ($184 million), up from a loss of SR127 million ($33.8 million) for the same period last year. Announcing the highest profit


$544m Dubai Water Canal set for November launch

Dubai Water Canal, a Dh2-billion ($544 million) tourist landmark development offering a new lifestyle pattern in the heart of the city, is on track for opening next month with the work on the mega project nearing completion, said a report. In what is being seen as a significant d


Terex adds Manlift to Qatar distribution network

Terex Equipment Middle East, a global manufacturer of lifting and material processing products, has boosted its sales and service local coverage for Genie products in Qatar by adding Manlift Qatar to its existing distributors’ network. As per the agreement, Manlift Qatar wi


Tamdeen leases 70pc retail space at new Kuwait mall

Tamdeen Group, a leading mixed-use property developer in Kuwait, has reported that 70 per cent of the retail spaces has been leased out at its super-regional shopping destination, Al Kout Mall. The Kuwaiti developer plans to have 260 stores in the new mall, which is part of the o


Qatar UDC revenues soar to $356m in Q3

Qatar-based United Development Company (UDC) said its revenues surged to QR1.3 billion ($356 million) in the third quarter, up seven per cent over the same period last year despite the overall challenges affecting the real estate market.   Announcing the results, UDC said its


Dubai solar park Phase II construction on track

Shuaa Energy 1, the primary investor and developer for the second phase of the Mohammad bin Rashid Solar Park in Dubai, said it has crossed the 50 per cent threshold for construction of the project. Once complete, the second phase will supply Dubai with an additional 200 MW of so

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