Thursday 20 September 2018

Fidu Properties opens second office in Dubai

Fidu Properties, a real estate brokerage company in the UAE, has announced the opening of its second office in Dubai. The new office, located at Emaar Square, is part of the company’s expansion strategy in the UAE. The Chinese group had early this year opened its first offi


Sreco awards $293m contract for giant Saudi project

Saudi Real Estate for Infrastructure Company (Binyah) has won a SR1.1-billion ($293 million) infrastructure contract from the kingdom's leading developer Al Akaria Saudi Real Estate (Sreco) for its giant Al Widyan project near capital Riyadh. As per the dea,l Binyah, a compan


Saudi PIF sets up advisory board for mega luxury project

The Red Sea Development Company (TRSDC), a wholly-owned entity of Saudi Public Investment Fund (PIF), has set up an international advisory board for the development of its ambitious Red Sea Project.   The TRSDC advisory board comprises 12 world leaders in variou


Azizi to start delivering new wave of projects from Q4

Azizi Developments, one of the leading private developers in the UAE, will start the delivery of seven of its key projects beginning from the fourth quarter. The new projects to be added to Azizi’s steadily growing portfolio are Shaista Azizi, Samia Azizi, Azizi Star, Faris


Bahrain plans to build two new bridges

Bahrain is set to construct a new bridge that will link the Arad and Hidd areas of the kingdom, within the next five years. There are also plans for a second bridge linking Muharraq jetty with Prince Khalifa Bin Salman Bridge in Hidd, reported the Gulf Daily News, our sister publicatio


Emaar Hospitality Group names corporate director

Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, has appointed Alma Au Yeung as its corporate director – Strategic Projects and Partnerships. In her new role, she will have overall charge in driving the group’s strate


Saudi Cable Company sells entire stake in Turkish group

Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo, a leading manufacturer of high and extra high voltage energy cables in Turkey, to Chinese group Jiangsu Zongitan Technology (ZTT). All necessary approvals have been obtained fro


BASF names managing director for Bahrain unit

BASF, a German chemical company and the largest chemical producer in the world, said it has appointed Michael Wille as the new managing director of its unit Plastic Additives Middle East (Pame) based in Bahrain. Pame is the state-of-the-art production facility for customer-specif


Investcorp acquires biggest US warehouse portfolio for $300m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate team had recently acquired its largest US warehouse portfolio, totalling 4.5 million sq ft and including 56 industrial properties across seven metropolitan ma


UAE plans to grant residency to retired expats

In a significant move, the UAE government is set to allow expatriates above 55 years of age to stay in the country after retirement for a period of five years, under a new law, said a report. The move is seen as part of the government’s policy reforms that seek to boost eco

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