Tuesday 31 May 2016

UDC to sell Pearl-Qatar tower

United Development Company (UDC), a leading Qatari public shareholding Company has signed a memorandum of understanding (MoU) for the sale of AQ-02 office tower, one of two iconic commercial buildings situated at the entrance of The Pearl-Qatar within the Abraj Quartier precinct.


Abu Dhabi Airports completes MTB roof work

Abu Dhabi Airports has announced the successful completion of the steel structure on the central processor roof of the new Midfield Terminal Building (MTB). With the installation of the last piece of metal in the roof of the iconic building, a major milestone has been achieved, s


Emicool awards key district cooling contract

Emirates District Cooling (Emicool), a joint venture of Dubai Investments and Union Properties, has awarded a contract to leading construction group Drake & Scull for designing, building and operating a Dh120-million ($33 million) mega project network to extend chilled water from Hessa Stre


Turkish firms out in force at Dubai stone expo

Turkish companies were out in force at the Middle East Stone, the region’s only exhibition dedicated to the stone, marble and ceramics industry, held recently in Dubai, UAE.   The show, created by the organisers of The Big 5 and Index, ran alongside seven other leading


ME investors eyeing Birmingham, Manchester property

A number of Middle East investors are now focusing on prime properties in Birmingham and Manchester, which promises 6-7 per cent yields and strong capital appreciation outperforming London by over 3 per cent per annum, said an industry expert. Chestertons Mena, a leading internat


WSP/Parsons Brinckerhoff names Mideast head

WSP|Parsons Brinckerhoff, one of the world’s leading professional services consulting firms, has appointed Greg Kane as the new managing director for its Middle East operations. The company has 1,400 employees in the region with offices in Abu Dhabi and Dubai in the UAE, Qa


Kuwait awards $4.3bn airport terminal contract

Kuwait has awarded Turkey's Limak Group and its local agent, Kharafi National, a contract to build a new airport terminal at a cost of KD1.31 billion ($4.34 billion), the Public Works Minister Ali Al Omair said on Monday. The minister told a news conference that the project w


Qatari bank completes key UK residential project

Qatar First Bank (QFB), a leading Shari’ah compliant lender, has announced the completion of 7-12 Leinster Square, a residential real estate development in Leinster Square – London W2. This is QFB’s second completed real estate development in London. The project


Chicago Pneumatic powering Riyadh Metro project

Chicago Pneumatic said the company, along with its official Saudi distributor Roots Group Arabia, is playing a vital role in powering the construction of one of the kingdom's biggest infrastructure projects - Riyadh Metro.   Eighty robust and versatile stationary generato


Indian firm plans to build urea factory in Iran

Indian company Kesar Petroproducts is in talks with several Iranian firms to form a joint venture that will set up a naphthalene, and urea factory in the Islamic nation, said a report, citing a top official.. Dinesh Sharma who is in Tehran along with an Indian commercial delegati

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