Monday 18 February 2019
 
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Close to 600 hotels under construction in MEA

Hotel supply in the Middle East and Africa (MEA) continues to grow as the region has registered a total of 597 properties with 154,239 rooms currently under construction. Of the total, about 446 hotels (127,115 rooms) are in the Middle East, while the rest are in the African regi

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Tabreed seals first district cooling contract in India

UAE-based National Central Cooling Company (Tabreed) said it has entered into a 30-year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) to build, own, operate and transfer its first district cooling system in India with a capacity of 20,000 refrigeration tonne (RTs)

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Sharjah real estate transactions top $6bn in 2018

The real estate sector in Sharjah has seen a big boom with 54,125 transactions valued at Dh22.5 billion ($6.12 billion) in 2018, as per the annual realty transactions report released by the Sharjah Real Estate Registration Directorate. The real estate deals sealed last year cover

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Dubai’s 'building biologist' gets top global honours

Dubai-based Shreem International Consultancy said its CEO Pooja Srivastav has been awarded the prestigious “Adam Global Outstanding Leadership Award” for her efforts to create toxin-free, sustainable body, buildings and structures in the UAE and across the world. Adam

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Siemens wins Abu Dhabi utility plant contract extension

Global technology major Siemens said it has secured an extension of a multi-year maintenance service agreement from Shuweihat S2 Operation and Maintenance Company (S2O&M) for its combined-cycle power and water project in Abu Dhabi. With this new 18-year extension, Siemens wil

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MAG LD unveils special offer for Dubai gated townhouses

UAE-based MAG Lifestyle Development (MAG LD) is offering unprecedented offers to customers at its MAG EYE development featuring fully gated townhouse and residential community in Mohammed Bin Rashid Al Maktoum City in Meydan District 7, a prime location that is close to both Dubai International

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GCC project contracts value down 22pc in 2018

The value of projects awarded in the GCC region last year fell by 22 per cent to a new low of just $97 billion, said a new report. Despite rising budget expenditure and higher oil prices, the value of contracts awarded in 2018 in the region declined by $27 billion year-on-year, m

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US architect SOM named designer of 550-m Dubai tower

Skidmore, Owings & Merrill (SOM), the Chicago-based architectural firm behind the world's tallest building Burj Khalifa, has unveiled the design of Burj Jumeira, an aerodynamic, 550-m tower located in the Al Sufouh area of the popular Jumeirah neighbourhood of Dubai. The skyscr

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Daewoo E&C seals $200m Emirates NBD funding deal

Daewoo Engineering & Construction Company (Daewoo E&C), one of Korea’s leading construction companies with a growing presence in Middle East and Africa, said it has successfully completed a $200-million dual tranche (conventional and Islamic) syndicated term facility.

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Linesight collaborates on new five-star resort in Dubai

Leading international construction consultancy Linesight recently celebrated the opening of Marriott's W Dubai – The Palm, for which it provided a range of consultancy services. Linesight - which came on board at the concept stage of the hospitality project in 2012 &nda

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