Tuesday 27 September 2016

Nearly quarter of PPP projects abandoned in Mena

Nearly one in four public private partnership (PPP) projects launched in the Middle East and North Africa (Mena) region are abandoned, owing to poorly structured deals and lack of detailed feasibility, according to a report. The primary reason for PPP deals not getting off the gr


Engineering, production jobs rise in UAE

Demand in sustainable energy and digital infrastructure projects have resulted in a two per cent rise in online recruitment in engineering and production professionals in August, compared to last year, says a report. According to the Monster Employment Index (MEI), engineering an


Currie & Brown names key Mideast executive

Currie & Brown, a global physical assets management and construction consultant, has appointed Michael James as the new director of project management (Middle East). James is a versatile professional executive with over 33 years of experience in the construction industry, the


Investcorp buys 10 new properties in US

Investcorp, a leading provider and manager of alternative investment products, today announced that its US-based real estate arm has acquired five multifamily apartment complexes and five student housing properties in several major metropolitan markets across the US. The conclusi


Abu Dhabi TDIC opens new lagoons sales centre

Abu Dhabi's Tourism Development and Investment Company (TDIC) has announced the opening of a new and dedicated sales centre at the Saadiyat Lagoons District construction site in the UAE capital. The master developer of major tourism, cultural and residential destinations in t


Qatar gears up for debut real estate event

Leading suppliers and procurement specialists from the residential and commercial segments of the Middle East will be in Doha, Qatar, for the inaugural edition of Rescom Summit-Middle East which opens on Tuesday (September 27). The three-day event is likely to draw more than 300


RAK developer unveils key projects at Paris show

Al Marjan Island (AMI) company, a leading waterfront development firm in Ras Al Khaimah (UAE), showcased its key projects at the GRI Global forum held in Paris, France, recently. The event, organised by Global Real Estate Institute, is one of the most important industry events wo


Cayan launches sales of $266m Saudi mixed-use project

Cayan Group, a leading property developer in the Middle East, has launched the sales of its SR1 billion ($266 million) mixed-use residential project Samaya, coming up in Riyadh, Saudi Arabia. The project developed on a massive 1 million sq m area is located in the prime area of E


Empower backs World Green Economy Summit

The Emirates Central Cooling Systems Corporation (Empower), claimed to be the world’s largest district cooling company, has announced its sponsorship of the World Green Economy Summit (WGES) 2016 ain Dubai, UAE, as a Global Partner. Under the theme “Driving Global Gre


Kipco starts work on $2.5bn mixed-use development

Kuwait Projects Company (Kipco), the country's largest investment company, said on Sunday that the company had begun construction on its ambitious $2.5-billion real estate project in Kuwait. The Hessah Al Mubarak project, located on the outskirts of Kuwait City overlooking th

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