Tuesday 28 July 2015

R Hotels awards contracts for Palm Jumeirah resort

R Hotels, the hospitality management division of UAE-based R Holding, said it has awarded key construction and project consultancy contracts for the second phase of its new resort and spa in Palm Jumeirah, Dubai. The company has roped in ANC Contracting as the main contractor, wh


Oman, US group to build world's largest solar farm

GlassPoint Solar, a US maker of solar steam generators for the oil and gas industry, said it plans to break ground on the world’s largest solar power station in Oman later this year. The ambitious Miraah project is being developed in partnership with Petroleum Development O


Emaar says committed to India projects

Dubai's Emaar Properties said on Thursday it was committed to its projects in India through its joint venture Emaar MGF Land, and that India was a key market for Emaar. Its statement followed a report in India's Economic Times which quoted unnamed sources as sayi


Damac launches 'fashion residences' in London

Damac Properties, a leading luxury real estate developer, said one of its subsidiaries plans to build a luxury residential tower in south-west London’s Nine Elms regeneration area. Dico UK Property Holdings will be kicking off the first of its fashion residences in the UK&#


Empower issues e-NOCs for Dubai road works

Emirates Central Cooling Systems Corporation (Empower), one of the world’s largest district cooling services providers, has started issuing electronic No Objection Certificate (NOC) for works on the emirate’s roads based on the electronic system of the infrastructure in the Dubai, U


Sharjah housing rents down 3pc in Q2

The residental property market in Sharjah witnessed a three per cent drop in rental rates during the second quarter as the northern UAE emirate started feeling the effects of a reverse relocation trend to neighbouring Dubai, said a report. Fearing further decline in rental rates,


Kuwait's new refinery to cost $15.85bn

Kuwait’s Supreme Petroleum Council has endorsed a request to sharply increase the budget for a new refinery after most of the bids exceeded initial estimates, said the country's oil minister. Ali Al Omair said the figure for the Al Zour refinery was increased by KD871 m


Union Properties to develop $544m projects

Union Properties, a Dubai-based real estate developer, plans to develop three new projects worth $2 billion ($544.5 million), it said in a bourse filing on Wednesday. The developer provided no other details. Shares of Union Properties declined 1.6 per cent to Dh1.23 ($0.


HLG wins Abu Dhabi construction contract

The Habtoor Leighton Group (HLG), one of the leading diversified international contractors in the region, has been awarded a Dh263-million ($72 million) contract by Abu Dhabi Ports for the development of infrastructure at its flagship project, Khalifa Industrial Zone Abu Dhabi (Kizad).


Mideast 'must start focusing on affordable housing'

The current shortage of middle-income housing is one of the greatest challenges facing the real estate industry in the Middle East and affordable housing is the only solution to this problem, said an expert. “With a shortage of housing for those families earning salaries ar

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