Sunday 19 November 2017

$5.7bn Meydan community project on track for 2022 launch

Work is progressing at a steady pace on the Dh21-billion ($5.7 billion) Royal Pearls luxury project being developed by Oriental Pearls Real Estate Developers at Meydan community in Dubai, UAE. With nearly 10 per cent of Phase One already completed, the project is well on its way


BP wins Bentley’s top honours for Oman gas project

BP Oman, joint venture between energy giant BP and Oman Oil Company Exploration and Production, has won the BIM Advancements in Asset Performance of Utilities and Industrial Facilities category in the Be Inspired Awards programme constituted by Bentley Systems, a global provider of software sol


Renaissance sets up residential complex for workers

Renaissance Services, a leading international facilities management and service solutions company, has announced the opening of its new turnkey project - Renaissance Village Duqm - a 16,960-bed facility that will accommodate the workforces of contracting firms in the Duqm Special Economic Zone


Sodic 9-month net profit up 98pc to $28m

Egypt-based Sodic (Sixth of October Development & Investment Company) has posted a net profit of EGP507 million ($28.7 million) up 98 per cent year-on-year (YoY) for the first nine months of the year. Net profit margin came in at 29 per cent compared to 22 per cent for the co


IHG breaks ground on first sustainable hotel in UAE

InterContinental Hotels Group, one of the world’s leading hotel companies has joined hands with UAE-based Diamond Developers to break ground on the first sustainable hotel in the UAE - Hotel Indigo Dubai Sustainable City. Located in Dubai’s first sustainable integrate


$32bn mega development projects under way in Bahrain

Large-scale development projects across a wide range of sectors valued at $32 billion are in the pipeline, reported the Gulf Daily News, our sister publication, citing a senior minister. These include construction of a second causeway comprising a new road and rail link


Drake and Scull posts $98m Q3 loss

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects. Announcing the results for the three mo


Bobcat rolls out new compact telehandler

Bobcat, one of the world's leading manufacturers of construction equipment, said it has launched the new TL30.70 telehandler. Providing a maximum lift capacity of three tonnes and a maximum lift height of nearly 7 m, the new TL30.70 is designed for a wide range of application


Big 5 gears up for debut precast innovation summit

Leading international industry experts will be in Dubai to highlight the latest trends, technologies and techniques in precast concrete construction, at the inaugural Big 5 Innovation in Precast Summit, being held in co-ordination with the UAE Ministry of Infrastructure Development.


Cypriot group J&P wins Fujairah luxury resort deal

Eagle Hills Abu Dhabi, a leading real estate investment and development company in the UAE, has awarded the construction and infrastructure works contract for the entire 63,677-sq-m site of The Address Fujairah Resort + Spa to Joannou & Paraskevaides (J&P), a Cypriot building, civil and

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