Saturday 24 February 2018
 
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Saudi real estate financing to hit $133bn by 2020

The Saudi real estate financing sector has been witnessing a major surge over the last few years with the figure likely to hit SR502 billion ($133 billion) by 2020 from the current SR290 billion, said a report citing top experts at a real estate workshop in Riyadh. The workshop w

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Emirates NBD inks Unec's Dubai project finance deal

Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira Mall project. The la

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ASGC completes 20pc work on Emaar's Harbour Views

ASGC, one of the leading construction groups in the UAE, said it has achieved a major milestone on the Harbour Views project by Emaar in Dubai Creek Harbour with the raft to the eighth-floor level completed on time and achieving 20 per cent of overall progress in the construction of the two hig

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Geze unveils retrofitting programme for Mideast

Geze, one of the world's leading developers of construction systems for doors, windows and safety technology, has unveiled a retrofitting application programme, R3, which has been tailor-made for the Middle East focusing on refurbishment, remodelling and replacement. Smart bu

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Seef Properties posts $29m in net profit

Seef Properties, a leading integrated real estate company in Bahrain, has posted a net profit of BD11.06 million ($29.2 million) for 2017, compared to BD11.04 million the previous year thanks to its strategy focusing on real estate diversification. Announcing the results during a

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Doha Cables wins $337m Qatar supply contract

Doha Cables has been awarded a two-year contract worth QR1.24 billion ($337 million) by Qatar General Electricity and Water Corporation (Kahramaa) for supply of low- and medium-voltage electric cables. As per the deal, the Qatari firm will supply six types of low- and medium-volt

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Sezad signs two construction projects for Duqm Port

Oman’s Special Economic Zone Authority at Duqm (Sezad) has signed two agreements worth a total of RO48.4 million ($125.5 million) for the construction of a service corridor for Duqm Refinery products and two roads at Duqm Port. Sezad signed an agreement for the construction

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Expo 2020 may help boost Dubai's still-slow real estate market

In 2017, Dubai residential property prices and rents declined by 5 to 10 per cent, as was expected, according to a report by ratings agency S&P. "This correction will continue at least for this year and next, before prices stabilize in 2020 at the earliest. How much stim

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Jaleel to set up cash and carry FMCG store in Dubai

Jaleel Holdings, one of the UAE’s largest fast moving consumer goods (FMCG) wholesalers, will construct a cash-and-carry facility within the Dubai Wholesale City (DWSC), the region’s largest fully integrated wholesale hub, at an investment of Dh100 million ($27.2 million).

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Emaar Development partners with Harvard University

Emaar Development, the property development business of Emaar Properties, has commissioned a special executive education custom programme by Harvard University’s Graduate School of Design on Dubai Creek Harbour: The Happy City. Through four Harvard Executive Education progr

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