Tuesday 20 March 2018

Al Fahid Island awards first construction contract

Al Fahid Island Development, a high-end mixed-use waterfront development in Abu Dhabi, UAE, has awarded its first construction package to Bright Accord General Contracting.   The local contractor has been awarded the nine-month reclamation package and constructi


94 completed projects vie for Meed Awards

A total of 94 projects from Bahrain, Kuwait, Oman, Saudi Arabia and the UAE are competing for honours in 16 different categories of the annual Meed Projects Awards, a recognition scheme honouring completed projects in the Gulf. The event is being held in association with Mashreq


New design studio opens at Dubai Design District

A bespoke interior finishing company, Covering Concepts has announced the launch of its design studio at Dubai Design District with the aim of capturing a share of the growing GCC interior fit-out market, valued at approximately $18 billion.   Covering Concepts will offer a


300 exhibitors for The Big 5 Heavy in Dubai

More than 300 exhibitors from 30 countries including the biggest brands in the world are expected to participate in the upcoming launch edition of The Big 5 Heavy, a unique showcase of machinery for heavy construction in Dubai, UAE. The event runs from March 26 to 28 at the Dubai


Saudi state likely to take 35pc stake in SBG: report

The Saudi government is expected to take a 35 per cent stake in construction giant Saudi Binladin Group (SBG) as part of a financial settlement with state authorities,


Kone wins order for Msheireb Downtown Doha

Finland-based Kone Corporation has won an order for 72 elevators and escalators for Phase Four, the last phase to complete Msheireb Downtown Doha, a pioneering project developed to revive Qatar's old commercial centre. Msheireb Downtown Doha is one of the world’s first


Evonik backs ME Coating Show in Dubai

Evonik, one of the world leaders in specialty chemicals, is participating in the three-day Middle East Coating Show (MECS) opening tomorrow (March 19) at the Dubai World Trade Centre. “The coatings industry in the Middle East presents great opportunities for Evonik and we s


KAEC launches sale of home plots

Saudi Arabia’s King Abdullah Economic City (KAEC) has released 130 new plots suitable for the construction of single-family homes at a masterplanned gated community Al Hejaz Miram within the city, 100 km north of Jeddah. The sales launch was held at Makkah Hilton Conve


United Real Estate launches residences tower

United Real Estate Company (URC), one of Kuwait’s leading real estate development companies, has announced the launch of Hessah Towers in the upcoming exclusive Hessah Al Mubarak District, positioned in a prestigious location along the Arabian Gulf Road in Kuwait. United Real Est


Palma Holding hands over luxury homes project

Palma Holding, one of the most prestigious names in Dubai’s real estate industry, has handed over its flagship Dh1.5-billion ($408 million) Serenia Residences project on schedule. Seventy per cent of the units have been sold and the luxury community is now welcoming its fir

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