Saturday 28 November 2015

Sharjah properties drawing solid investor interest

There has been a renewed investor interest in the real estate of the northern emirate of Sharjah, traditionally an industrial hub, following the launch of several freehold properties for expats, said a report. Having remained under the intimidating shadow of its able elder brothe


Oman developer awards tourism complex contract

Leading Omani developer Badr Group has awarded a key contract to Unique Contracting Company for the construction of an integrated tourism complex in Muscat, said a report. The turn-key contract award win comes following the completion of the extensive substructure works, reported


Bahrain group wins big at Arabian property awards

Bahraini real estate company Impact Estate said it has won top honours at the Africa and Arabia International Property Awards held in Dubai recently. The company has been given the five-star award for Best Real Estate Consultancy, the Highly Commended Real Estate Brokerage Award,


OGC awards gas pipeline deal to Egypt’s Petrojet

Oman Gas Company (OGC), a leader in gas transportation, has awarded its Salalah Gas Loop Line project, which aims to boost natural gas supply to Dhofar Governorate, to Egypt-based Petrojet, a top construction firm, a report said. Petrojet will lay a 32-inch diameter pipeline that


China plans high-speed rail linking Iranian cities

The state-run China Railway Corporation has submitted a proposal to the Iranian authorities for building a high-speed route railway connecting its western city of Urumqi to Tehran, said a report. The proposed Silk Road route will connect China to West Asia, linking Almaty in Kaza


Campaign to focus on housing woes in Bahrain

Councillors in one of Bahrain’s most impoverished governorates have vowed to take a stand highlighting the plight of more than 4,000 families living in dilapidated homes across Bahrain. The Northern Municipal Council’s 12 members voted unanimously yesterday to begin a campaign of


Egypt wins first funding for giant power project

Egypt has secured a first tranche of financing for an €8 billion ($8.5 billion) plan for power plants to be built by Germany's Siemens, the company and electricity ministry said. The deal, which calls for three combined-cycle power plants with a capacity of 4,800 megawat


Chestertons names new UAE operations head

Chestertons, a leading international property agency, has appointed an industry veteran Declan McNaughton as its managing director in the UAE. Declan brings to Chestertons a wealth of rich real estate industry experience spanning over 15 years. He will be based in Dubai, the comp


Imdaad unveils key FM solutions at Big 5

Imdaad, a leading provider of integrated facilities and environment solutions in the GCC, has launched its facilities management (FM)-based products and services at the Big 5 expo beuing held in Dubai, UAE. During its participation, the company will aim to put spotlight on its di


Arabtec replaces acting CEO

Dubai-listed builder Arabtec has replaced its acting chief executive and put another board member in temporary charge, two sources familiar with the matter said. The loss-making firm, whose largest shareholder is Abu Dhabi state fund Aabar, appointed Arabtec board member Saeed al-Mehai

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