Tuesday 28 June 2016

Al Zamil, Swiss International in Saudi hotel deal

Al Zamil real estate group, one of the arms of the Zamil Group, has signed an agreement with hospitality chain Swiss International for a new hotel at Al Qassim Touristic City project in Saudi Arabia. Al Zamil real estate group develops residential communities and office commercia


Agility mulls investment in Kuwaiti construction firm

Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National. Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportunities in the Kuwaiti company, it said in the bourse


GCC to pump $100bn into airport construction projects

With the International Air Transport Association projecting Middle East passengers to grow by 4.9 per cent per year to 2034, the GCC is fuelling $100 billion in airport expansion and construction projects in Bahrain, Saudi Arabia, Kuwait, Oman, Qatar, and UAE, according to industry experts.


Saudi white land tax 'to cut property prices by 40pc'

The introduction of the 2.5 per cent annual tax on unused land by the Saudi government is likely to bring down the property prices by up to 40 per cent in areas outside the main cities, said a report. The new 'white land tax' is also expected to increase investment in the


Waha secures funding for Abu Dhabi industrial project

Waha Land, a wholly owned company of Waha Capital, has signed a Dh426-million ($116 million) financing package with Emirates Islamic Bank for further development of its Almarkaz light industrial real estate project, following the successful leasing of existing facilities. Stage T


Bahrain plans hi-tech stadium

Plans  are under way to build Bahrain’s biggest integrated sports stadium featuring a football pitch, an underground shopping complex and Cineplex, reported the Gulf Daily News, our sister publication. To read further, please visit


Iftin unveils big Sharjah expansion plans

Iftin General Trading, a company based in Sharjah, is planning to expand its facilities in the Hamriyah Free Zone to meet the growing demand for its products. Hassan Ali, the managing director of Iftin General Trading, said they would add a 215,278-sq-ft area to its existing faci


Flowcrete Middle East launches new-look website

Flowcrete Middle East, has launched a new website, designed to make it easier for contractors, architects and end users in the region to find the flooring information they need while onsite, on the move or in the office. The fresh website has been developed with the principles of


Diyar Al Muharraq donates land to health ministry

Diyar Al Muharraq, one of the leading urban developers in Bahrain, said it has signed an agreement donating a plot of land to the Ministry of Health (MoH) for the latter’s future use and development. The contract was signed by Dr Aisha Buanq, the undersecretary for the MoH,


Vectrus lands Qatar support services contract

Vectrus, a major provider of infrastructure asset management, information technology (IT) and network communication services, said one of its subsidiaries has won a $26-million modification to a base operations and support services contract in Qatar. The deal was awarded to Vectr

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