Friday 28 July 2017

Aurecon wins key Doha Metro project role

Global engineering and infrastructure advisory company Aurecon has been appointed by Qatar Rail as the design verification engineer on the Red Line South Underground, one of the six sections that make up Doha Metro project. With about 100 stations and over 219 km of rail line, it is al


UAE developer Nakheel posts $718m H1 net profit

Leading UAE developer Nakheel has announced a net profit of Dh2.64 billion ($718.6 million) for the first six months of 2017 compared to Dh2.95 billion ($803 million) for the same period last year. Announcing the results, the Emirati group said it was confident of achieving its f


Emaar unveils new villa community in Dubai South

With demand for family homes gaining strength in Dubai, leading property developer Emaar has launched an exclusive collection of elegantly designed villas located along an 18-hole championship golf course in Dubai South. Emaar South, the 7-sq-km development by Emaar Properties an


Abraj Misr to launch new phase of Egypt project

Egypt’s property developer Abraj Misr Company is planning to launch a new phase of its flagship development - The Shore - in the northern coastal area of Ras El Hekma over the next few days. This will be launched under the name of New Malibu at an investment of E£200


Abu Dhabi group to set up $150m Vietnam petchem JV

Abu Dhabi-based Baron Point Petroleum Services Company (Baron Point Petroleum) has reached an agreement with national oil and gas company PetroVietnam Oil Corporation (PV Oil) to set up a joint venture that will finance, build and operate petroleum product pipelines and storage space in the cou


Abu Dhabi University completes new students' accommodation

Abu Dhabi University said work on the new extension to its female dormitory has been completed and is set to open with the start of the 2017-2018 academic year, said a report. Designed to cater to the rise in demand for on-campus student housing, which already accommodates 408 st


Lacklustre rental market dims UAE investors' yield

Yields for UAE buy-to-let investors are in retreat as declines in rental values outpace a slump in sales prices, according to a report by Propertyfinder Group, a leading real estate portal in the region. Nevertheless, yields remain generous compared with global norms and with zer


Oman to award deal for $2.8bn wastewater plan

Oman government is set to award a consultancy services contract for the development of a RO1.1-billion ($2.84 billion) wastewater project which will cover all the governorates of the sultanate, said a report. The project is being developed by state-owned Oman Wastewater Services


Bracewell adds partner to Dubai office

Bracewell, a leader in assisting clients with all types of infrastructure projects, has announced that Adrian Creed has joined the firm as a partner in its Dubai office. Creed has more than 20 years of experience representing clients in the Mena region, most recently as a partner


Experts see huge demand for outdoor specific projects

The thriving construction market in Dubai is set to drive huge demand for outdoor specific design-and- build projects, calling for more authentic public spaces, said indusry experts. With new landscaping projects implementing change in the outdoor construction sector, open commun

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