Wednesday 16 January 2019

Al Bilad wins best Gulf Property Show stand award

Bahrain-based Al Bilad Real Estate Investment Company, the master developer of the Water Garden City project, has topped the Facebook polls for the best stand award at the Gulf Property Show 2018, said the event organiser Hilal Conferences and Exhibitions (HCE). A boutique showca


Seven Tides breaks ground on $272m Jumeirah project

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has broken ground on SE7EN City JLT, its first mixed-used development in Jumeirah Lake Towers (JLT), in Dubai.   Spread across 3.5 million sq ft and situated within Cluster Z in


Shaker Group, LG launch new Saudi manufacturing facility

Shaker Group, the exclusive manufacturer and distributor of LG Air Conditioners in Saudi Arabia, has opened a new production facility in partnership with LG. Located in Riyadh, the new production facility will manufacture high-performance multi-fan air-handling units (AHU). The t


Kizad launches new plastics manufacturing base

Khalifa Industrial Zone Abu Dhabi (Kizad) has launched a new Polymers Park, which is set to be a base for plastics manufacturing in the region. Located in Abu Dhabi, the park is expected to produce 300-400 kilotonnes of plastic products a year and create up to 7,000 new jobs, con


Work on Saudi entertainment project to begin this year

Construction is likely to start this year on Saudi Arabia's mega leisure, sports and cultural destination, Qiddiya, at Riyadh, said a report. Qiddiya, one of the three mega-projects, besides the Neom smart-city and the Red Sea Project launched by Crown Prince Mohammed bin Sal


Bilfinger, Teknokon win contract for Tupras refinery

Bilfinger, a global engineering and industrial services provider and Istanbul-based Teknokon, a multi-disciplinary group, have been awarded a contract by Tupras to render maintenance and repair services for the Tupras' Izmir refinery. The contract award underscores Bilfinger&


SRTA completes work on key Sharjah intersection

Sharjah Roads and Transport Authority (SRTA) said it has completed the development of Saeed Mohammed Saeed Al Midfa Square, transforming it into an intersection with modern signal lights, at a total investment of Dh37 million ($10 million). The intersection, which opened yesterda


Al Ahli Holding in deal to develop major media ecosystem

UAE-based Al Ahli Holding Group (AAHG) has signed an agreement with Sony Professional Solutions MEA for the development of the media sector and community within Nomad, a first-of-a-kind purpose-built ecosystem in Dubai. Set to launch this year, the comprehensive development will


Madayn signs $10m deal to develop Raysut 2

Oman’s Public Establishment for Industrial Estates – Madayn has signed an agreement with Al Hashemi and Al Rawas Trading and Contracting for the infrastructure development project for Raysut Industrial City (Raysut 2) at a total cost of RO4 million ($10.36 million) and over an area


UAE residential prices, rents likely to soften in 2019

The residential prices and rents in the UAE property sector are likely to soften in 2019, however there could be additional demand in the coming months which will help underpin the market as a result of the recent approval of a range of legislations to ease visa regulations, given that many of

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