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Sub-Saharan real estate set for big growthThe commercial real estate market in Sub-Saharan Africa is primed for a ‘once in a lifetime’ positive growth opportunity, said a research report. It is being supported by expanding middle class, new infrastructure investment and deepening corporate footprints, it said More… |
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Cluttons names professional services headCluttons, one of the leading international real estate consultants in the Middle East, has appointed Jason Leonardi as the head of Professional Services in Bahrain. Jason will lead the Professional Services Team, which specialises in providing a wide variety of services to compan More… |
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Hill wins key Doha tower projectHill International, a global leader in managing construction risk, said it has won a QR35 million ($9.6 million) contract from a Qatari group to manage the construction of two mixed-use towers in Doha's Lusail District. Under the 30-month contract awarded by Real Estate More… |
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Dubai wins Expo 2020 with HOK masterplanHOK, a US-based design, architecture, engineering and planning firm, led the design team that developed the masterplan for the Expo 2020 city, which is expected to draw more than 25 million visitors from October 2020 through April 2021. Dubai’s selection – themed "Conn More… |
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UAE property group to invest $54m in TurkeyUAE-based Green Valley International Real Estate has announced plans to invest Dh200 million ($54.4 million) in Turkey real estate projects. The Emirati company has launched three projects in the country to tap the growth potential on offer in the booming market. T More… |
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Industrial facility rents up in Abu DhabiThe average rents for light industrial facilities across the main Abu Dhabi areas rose off the back of strong demand during 2013, said a report. Rental values in Mussafah and Industry City Abu Dhabi rose 5 per cent and 10 per cent respectively year-on-year, according to the repor More… |
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DB Schenker breaks ground on new Dubai facilityDB Schenker, the transportation and logistics arm of the German railway company Deutsche Bahn AG, has started work at its new 8,000 sq m facility in Dubai World Central (DWC), the world’s first purpose-built aerotropolis. It will primarily be used for general cargo warehous More… |
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Arabtec inks $1.2bn UAE hospital contractAbu Dhabi General Services (Musanada) has awarded a Dh4.4 billion ($1.2 billion) Alain hospital project to a consortium of Dubai-based builder Arabtec Construction and Constructora San Jose SA – Abu Dhabi. The new 719-bed New Al Ain Hospital will provide for general medicin More… |
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Oman invites bids for key airport projectOman’s Special Economic Zone Authority at Duqm (Sezad) has invited tenders for the main building works for the new airport project. The new airport is considered to be a new gateway of the coastal city of Duqm which is being developed as the country’s next major indus More… |
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Spanish group wins $105m Kuwait cable dealSpain-based Isolux Corsan, a leader in infrastructure projects, has been awarded a contract worth $105 million by Kuwait for the engineering, procurement and construction (EPC) of 172 km of 300 kV transmission lines. It will be the first project that the company implements in Kuw More… |
