Sunday 31 July 2016

Turner & Townsend Mideast revenue up 24pc

The global professional services consultancy Turner & Townsend has increased its Middle East turnover by a quarter, and its profits by nearly a third, in the year ended April 30, 2016. The company’s strong performance in the Middle East – which saw regional turnov


SNC-Lavalin wins Oryx GTL Qatar contract

SNC-Lavalin has been awarded an engineering consultancy and support services contract by Oryx GTL, a joint venture between Qatar Petroleum and Sasol of South Africa, for its gas-to-liquids (GTL) complex at Ras Laffan Industrial City in Qatar. This five-year contract is with SNC-L


Global firms in race to manage Saudi projects

Several international companies have submitted bids for a consultancy contract to manage Saudi Arabia’s National Project Management Office, part of an effort to keep state spending under control, a report said. The companies include Bechtel, Fluor, Parsons, CH2M, Aecom and


Residential rents decline in Dubai, Abu Dhabi

Residential rents in Dubai and Abu Dhabi moved downwards during the first half of this year, compared to the same period last year, according to a report. Many housing options across Dubai have become much more affordable than they were in 2015, the Bayut report said.


Siemens ships locally produced gas turbines to Saudi plant

Technology major Siemens has delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan, Saudi Arabia. The locally produced turbines are in line with the Saudi Vision 2030 and Saudi Aramco’s In


Omran's three major hotel projects on track

Oman Tourism Development Company (Omran), the master developer of major tourism, heritage and mixed-use projects, is on track to deliver three new hotels in Muscat, providing more than 900 additional rooms in 2017/18. The hotels include the five-star W hotel, currently under cons


Ascott signs deal for new serviced villas project in Riyadh

Ascott, a leading service residence owner-operator, is looking to expand its operations in Saudi Arabia with plans for The Ascott Villas Riyadh. Ascott and Bathel Alkhair Establishment for Trading and Real Estate recently inked a management contract, putting the project on track


Saudi builder Al-Khodari slumps to Q2 net loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the kingdom's building sector. The company made a net loss of SR43.34 million ($11.6 m


wasl properties adds an artistic touch to Al Karama

wasl properties, a subsidiary of wasl Asset Management Group, has announced the completion of a large art project, which has transformed the facades of Karama Shopping Complex in Dubai, UAE, into an open street art gallery. The initiative aimed to provide colourful and creative a


Epico opens new office in Abu Dhabi

Emirates Property Investment Company (Epico), the property and facilities management arm of Al Fahim Group, has announced the opening of its new office in Abu Dhabi. Located in the Mezzanine One level of Dalma Plaza, Hamdan Street, Abu Dhabi, the new office aims to cater to the g

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