Friday 24 November 2017

Arabtec unit wins $259m Dubai Downtown project deal

Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary Target Engineering Construction Company has been awarded Phase Two of Forte, a residential development in Downtown Dubai by Emaar for Dh950 million ($259 million). The s


MAG Property inks International Property Show deal

Dubai-based MAG Property Development (MAG PD) has signed up as a strategic partner for the 14th edition of the International Property Show (IPS), one of the Middle East’s biggest property sales platforms for local and international real estate markets, which will be held in Dubai, UAE.


Bahrain dialysis centre 63pc work completed

Work is progressing as per schedule on the new Bahrain Dialysis Centre coming up Hunainiya in the Southern Governorate of the kingdom with nearly 63 per cent project already completed. The BD6.08-million ($16 million) project is being funded by the Saudi Development Fund as part


Emaar Development celebrates DFM listing

Mohamed Alabbar, the chairman of Emaar Development, the build-to-sell (BTS) property development business of UAE-based Emaar Properties, on Wednesday rang the market-opening bell to celebrate the listing of its shares on the Dubai Financial Market (DFM). The shares of Emaar Devel


Tilke lands Bahrain expo centre consultancy contract

Bahrain has awarded a major contract to Tilke, a global engineering and architecture company based in Germany, to provide consultancy services for its new exhibition and conference centre coming up next to the Bahrain International Circuit on a 308,000-sq-m area in Sakhir. With a


Egypt, Cyprus to discuss building gas pipeline

Egypt and Cyprus have agreed to begin talks next month on the construction of a pipeline to transport natural gas from Cypriot fields to Cairo, a media report said. The agreement includes the construction of gas lines on the Mediterranean coast, the first of which will be dedicat


Dubai power, water projects to save $19bn by 2030

Electricity and water generation projects in Dubai will improve efficiency and generate cumulative savings of up to Dh70 billion ($19 billion) and reduce carbon emissions by 235 million tonnes by 2030, according to Saeed Mohammed Ahmed Al Tayer, the managing director and chief executive officer


Thales secures big Egypt rail contract

Thales, a global technology leader for the aerospace and transport sector, has been awarded a three-year contract by Egypt National Railways (ENR) for the modernisation of the signalling and telecommunications systems and all works related to a 180-km section of line between the towns of Asyut


GM Architects wins Egypt hotel revamp work

GM Architects, a Lebanese architecture and design firm specialising in the field of high-end tourism, notably in the creation of luxury hotels and resorts, said it has been awarded a contract by hospitality group Sofitel for the restoration of the renowned Winter Palace Hotel located in the c


Qatar JV signs landmark agreement on workers' rights

Building and Wood Workers’ International (BWI) on Tuesday (November 21) officially signed a landmark agreement with QDVC, a joint venture between Qatari Diar Real Estate Investments Company and Vinci Construction Grands projects and another one with leading French construction major Vinci

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