Tuesday 27 January 2015

Mace seals Abu Dhabi mall consultancy deal

National Real Estate Company (NREC), one of the leading developers in the region, has signed up international consultancy Mace as the project manager for its new entertainment, dining and shopping venture in Abu Dhabi, UAE. Reem Mall is a two million sq ft retail, leisure, dining


Tabreed net profit increases 20pc to $88m

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has posted  an profit increase of 20 per cent to Dh325.7 million ($88.6 million). In addition to connecting over 118,000 tonnes of cooling (RT) to customers, the company&#


CH2M Hill-Mace JV wins key Expo Dubai site deal

Dubai World Trade Centre (DWTC) has appointed a consortium of US-based CH2M Hill and UK-headquartered Mace to undertake all real estate and construction delivery related programme management services for its Dubai Trade Centre Jebel Ali development. The master district developmen


Bank Muscat to buy 230 Wave villas

The Wave, Muscat, a premier mixed-use community project, has sealed an agreement with Bank Muscat for the sale of 230 residential apartments in 4 blocks at its ‘Marsa Parklands’ development to the Omani lender. The deal for the units located between the marina and new


UAE firms 'spearheading sustainable development'

The UAE’s developers are setting the pace for sustainable development in the Middle East and North Africa region, driving higher regional standards in the outdoor construction and design industry, said a leading consultant. “Dubai and Abu Dhabi are definitely leading


Qatar's Nebras to develop solar power plant in Jordan

Qatar's Nebras Power has reached a financing agreement with its partners Diamond Generating Europe (DGE) and Kawar Group for the development of Shams Ma'an solar power plant in Jordan that will have a capacity of 52.5MW, said a report.   Nebras Power is a joint ventur


Mazaya calls off merger plans with Qatari firm

Mazaya Qatar Real Estate Development has called off its merger plans with Mackeen Holding, a closed Qatari shareholding firm, said a report. The Qatari firms had last February announced their proposed merger following talks and consultations in this regard, reported The Penin


Kuwait contractor Mushrif wins key refinery project

Mushrif Trading and Contracting, one of the leading civil construction companies in the region, has won a civil works contract for the expansion of Mina Abdullah Refinery in Kuwait. The KD4.26 million ($14.46 million) contract was awarded by BV-Kuwait, a consultant of leading eng


Masdar to build solar power plants in Mauritania

Abu Dhabi’s renewable energy company Masdar has signed a contract with Mauritania’s Ministry of Petroleum, Energy, and Mines, to deliver seven solar photovoltaic (PV) projects, with a total capacity of 12 megawatts by the first quarter of 2016. The move is aimed at pr


Suez wins Oman landfill project contract

Suez Environnement, a French expert group in water and waste-management services, has won a contract worth €32 million ($37 million) to design, build and operate the municipal landfill facility in Amerat, Oman. The five-year contract has been awarded to Suez Environnement

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