Thursday 5 March 2015

Saudi Arabian FM market to top $25bn

The facilities management (FM) market in Saudi Arabia is currently worth $20 to $25 billion and is growing at over 10 per cent year on year, said a report ahead of the annual conference of Middle East Facilities Management Association (Mefma).   Supported by the Real Estate R


World's largest water reservoir in Jeddah

The Saudi National Water Company’s (NWC) drinking water storage facility in Jeddah, which boasts a 2.064 million cu m capacity, has been declared the world's biggest water reservoir by the Guinness Book of Records, said a report. The Jeddah strategic storage project, the firs


Khaled Juffali acquires overseas partner’s shares

A joint venture between Khaled Juffali Company and Etimaad Engineering has now transitioned to a 100 per cent Saudi-owned entity as Khaled Juffali Industrial Company (KJIC). Khaled Juffali has acquired all the shares of Etimaad, its overseas joint venture partner, said a statemen


Qatar to build three central markets

The Qatar government is is set to build three central markets, which will each have sufficient car parking space, a mosque and an electricity substation, said a report. These markets will have a bank branch, a florist shop, a grocery store and a warehouse, besides cold storage an


Qatar set for major green building summit

Leading academic researchers and industry practitioners including urban planners, property consultants, sustainability experts and architects from across the globe will take part in the Qatar Green Building Council (QGBC). The first annual conference of QGBC will be held on April


Airlist gets solid response from UAE real estate agents

More than 600 real estate agents have signed up to Airlist, the new property technology company launched last month. Airlist, developed in the UAE by the team behind Masterkey, provides all registered agents the ability to manage their properties in one space, drastically reducin


Iran approves $5.5bn to fund development projects

Iran has approved a bill to issue 150 trillion rials ($5.5 billion) to fund national development projects, according to a report. The fund will be used to implement oil and gas projects as well as complete semi-finished development plans, said the Tehran Times report.


Bahrain working on road revamp projects

Bahrain's Ministry of Works, Municipalities and Urban Planning is working on a string of infrastructure projects, including road revamp contracts worth BD3.85 million ($10.15 million) in the Riffa area of the kingdom, said a senior official. The ministry is presently revampin


Gammon partners with top firms to develop Saudi industrial city

About 42 international companies have agreed to join hands with leading engineering company Gammon Group to develop the new industrial city in the Saudi Arabian city of Jazan, said a report. A global construction company with a strong presence in emerging markets in Asia and Midd


Iran’s mega methanol plant work on track

Construction work on what Iran says will be the world’s largest methanol plant is 70 per cent complete, a report said. The Kaveh methanol plant in the city of Bandar Dayyer is designed to produce two million metric tonnes per year of methanol and will be commissioned in two

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