Monday 15 September 2014

Dafza to build new complex for light industrial units

Dubai Airport Freezone Authority (Dafza) will initiate construction on a new complex for light industrial units (LIUs). The project will be part of the expansion plans for the free zone in Dubai, UAE. The project, which will be completed in 21 months, is being carried out in c


New Saudi causeway 'a boon to Bahrain's economy'

The 'King Hamad Causeway,' the second terrestrial link between Saudi Arabia and Bahrain, will deliver a significant economic boost to Bahrain’s residential, industrial and retail markets, according to global real estate consultancy Cluttons. The existing 25-km King


Saudi group set for $1.3bn Cityscape debut

Al Ibrahim Investment Group, a major developer in Saudi Arabia, is set to make its Cityscape Global debut with a SR5-billion ($1.3 billion) investment purse and the goal of developing long-term strategic partnerships to grow its real estate portfolio. Owned by Sheikh Abdul Aziz b


Dubai firm launches $73m Park Villas

Park Investments, a newly formed specialised real estate life cycle investments company in the UAE, has launched a Dh270 million ($73.5 million) exclusive villas project in Dubai. The Park Villas project spans over a total area of 365,000 sq ft at Jumeirah Village Circle (JVC), a


Xylem seals Bahrain water deal

Xylem, a global water technology company headquartered in New York, US, has signed a $7.3-million contract with Bahrain’s Ministry of Works to upgrade a wastewater treatment facility in Manama. As per the contract, Xylem will design, install and commission an expansion and


Dubai summit to focus on future cities

A conference focused on sustainable urban development and shaping smart cities of the future will be held later this month in Dubai, UAE. The Future Cities Summit, jointly organised with Dubai Municipality and the Environment Centre for Arab Towns, will be held from September 21 to 23


Drake & Scull wins $46m Omani MEP contracts

Dubai-headquartered contractor Drake & Scull International (DSI) has clinched four major mechanical, electrical and plumbing (MEP) contracts worth Dh168 million ($45.7 million) in Oman. A regional market leader in the integrated design, engineering and construction sector, DS


Saudis to pump $26bn into green projects

Saudi Arabia is investing more than $26 billion in a total of 76 green building projects across the kingdom in line with its sustainable building strategy, said a report. These projects include the King Abdullah Financial District, the world’s largest development seeking gr


426 new homes get green light in UAE

A UAE presidential committee has given the green light for the construction of 426 houses for Emirati citizens. Acting on the directives of the UAE President HH Sheikh Khalifa bin Zayed Al Nahyan, the follow-up committee approved a total of 897 homes for UAE nationals in various emirat


Gulf firms to invest $19bn in West Africa

Eight West African countries have secured a total investment of $19 billion in a range of infrastructure projects from regional firms, with a significant commitment in the railway and road sector coming from a UAE-based company. The inaugural West Africa Investment Forum held yes

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