Friday 24 November 2017

AlFahim names general manager for property unit

Emirates Property Investment Company (Epico), a unit of UAE-based industrial group AlFahim, has appointed Jason Gibb, an industry veteran in the region, as its new general manager. With more than 13 years of real estate experience in Canada and the UAE, Gibb will oversee all oper


SSH wins mega Kuwait mixed-use development contract

SSH, a leading masterplanning, building design, construction supervision and project management firm in the region, has recently signed the contract for the design of three packages for six plots at the Hessah Al Mubarak development in Kuwait City.   The Hessah Al Mubarak Dev


UAE builder ASGC announces big wins in Cairo

ASGC, one of the leading construction groups in the UAE, is expanding its overseas portfolio with the two new project wins in Egypt's capital city Cairo. Emaar Misr has chosen ASGC as the main contractor for two of its upcoming flagship projects: Phase One and Two of the new


Vincitore completes flagship residential project

UAE-based Vincitore Real Estate Development has announced the completion of its flagship 175-unit freehold residential development, Vincitore Palacio, located at the heart of New Dubai. Conveniently located within the Al Barsha South master-planned Arjan district, Vincitore Palac


Mega projects to power $2 trillion GCC construction market

Smart Cities and mega-projects will help boost the GCC construction sector to $2 trillion by 2020, driving strong demand for professional audiovisual solutions, from interactive digital signage to massive back-end control rooms, said industry experts. As complex mega-projects suc


Phase Two of Aldar's $218m waterfront project sold out

Aldar Properties, a leading property development company in Abu Dhabi, has sold out the entire second phase of its Water’s Edge, a major development located on Yas Island, netting over Dh800 million ($218 million) in sales. Customers had turned out in force at the Aldar Sal


DMCC starts work on major coffee processing facility

Dubai Multi-Commodities Centre (DMCC) said it has broken ground on a new 7,500-sq-m coffee unit near Jebel Ali Port harbour in co-ordination with Chinese companies Mega Capital Halal (MCH) and Yunnan State Farms Group. The DMCC Coffee Centre, a temperature-controlled facility, wi


Damac announces special offer for luxury villas

Damac Properties, a leading luxury real estate developer in the region, has announced a special one-day sales offer on Saturday (November 25), a selection of its villas at Akoya Oxygen, one of the greenest residential locations in Dubai. The villas - available in a variety of siz


Egypt water project wins $42m Kuwait funding

The Kuwait Fund for Arab Economic Development, (KFAED) on Sunday signed a loan agreement with Egypt worth KD12.5 million ($42.5 million) to fund a project that will provide drinking water in the Sinai Peninsula. The project is targeting some of Egypt's most underdeveloped are


Diyar Al Muharraq begins work on Al Bareh project

Diyar Al Muharraq, one of the leading urban developers in Bahrain, has announced the commencement of infrastructure work within Al Bareh, one of its most exclusive residential projects. With a variety of freehold seafront offerings that cater to a wide range of customer requireme

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