Saturday 25 October 2014

Doble Engineering opens new Dubai office

Doble Engineering, a global leader of diagnostic test solutions and consulting and testing services, has expanded its global footprint by opening a new office in Dubai, UAE. A company owned by Esco Technologies, Doble said the office will offer the company's full consulting a


GCC housing shortage to top 1m units by 2018

The young demographic structure of the GCC region is creating a surge in demand for housing that could lead to a shortage in excess of one million units by 2018, a report said. With the GCC region set to face a massive shortage of housing, governments need to pursue more holistic


Saudi developer to invest in stocks

Jazan Development Company (Jazadco), a leading Saudi company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in Tadawul-listed shares. Jazadco said the investment will be made through company'


SNC-Lavalin nets $37m Dubai district cooling deal

SNC-Lavalin, a leading engineering and construction group, said it had won a $37-million contract from UAE cooling company Tabreed to develop district cooling facilities for a resort in Dubai, UAe. The facilities will be built at Meraasland Themed Entertainment Resort, which is p


Saudi expo to draw construction industry giants

Leading construction heavyweights from across the world will be in Riyadh, Saudi Arabia, to showcase their cutting-edge technologies and network among industry peers at the Saudi Build 2014. To be held at the Riyadh International Convention and Exhibition Centre from November 10


Foyer wins UAE school fit-out contract

Abu Dhabi-based Foyer Décor, a major interior design and decoration company, said it has won a contract to carry out interior fit-out and supply furniture for a boys school in the UAE. Foyer general manager Tamara Mehyar said the contract for the Sheikh Zayed Academy for B


Diyar Al Muharraq residential plots sold out

Diyar Al Muharraq, a leading urban developer based in Bahrain, has announced 100 per cent sale of its plots at its residential community unit, Sarat, in the kingdom. The plots, located at a prime location within the Diyar Al Muharraq project in Muharraq, were launched for sale in 2013.


Al Tijaria invests in $10m Turkey farmlands deal

Kuwait-based Al Tijaria Real Estate Company has entered into a new $10 million investment deal in Turkey. The investment, which was through a special purpose company in alliance with other investors, is aimed at buying and developing pre-targeted farmlands in an area of 10 millio


Damac opens luxury hotel in Dubai’s Burj Area

Leading real estate developer Damac Properties has opened a luxury serviced hotel featuring 211 deluxe suites in Burj Area, a popular shopping and tourism district in Dubai, UAE. Canal Views is the company’s second project in the area following the launch of Damac Maison &n


Saudis pump $879m into Dubai real estate

Saudis have emerged the second biggest investors in Dubai's property sector among the GCC states pumping Dh3.3 billion ($879 million) into the emirate's real estate during the first half, said an expert. The UAE nationals had sealed transaction deals worth $3.4 billion, a

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