Tuesday 31 May 2016
 
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Saudi-Egyptian JV unveils $3.6bn residential project

Mountain View-Sisban, a joint venture between Saudi-based Sisban Holding and leading developer Mountain View, has launched its giant $3.6-billion luxury residential project in New Cairo, Egypt. The project’s general layout will encompass a comprehensive urban community that

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Etihad Rail wins top GCC railway project award

Etihad Rail, the developer and operator of the UAE's national rail network, said it has won top honours at the Middle East Economic Digest’s (Meed’s) 2016 Quality Awards for Projects for the Stage One of the project. The award winners were announced at a grand cer

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Egypt wins Kuwait funding for infrastructure projects

Egypt is set to secure $100 million funding from Kuwait government for the speedy development of its key infrastructure projects in the Sinai region of the Arab nation, said a report. The Egyptian government will sign an agreement in this regard with the Kuwait Fund for Arab Econ

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Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group (SBG) has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said. SBG will lead the construction of the new terminal on a 78

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Enec completes major work at nuclear energy plant

The UAE’s Emirates Nuclear Energy Corporation (Enec) has completed major electrical installation work at Unit 1 of its Barakah Nuclear Energy Plant. This was revealed during the visit of Suhail Mohamed Faraj Al Mazrouei, UAE Minister of Energy, to the plant this week. The m

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Bahrain road revamp work nearing completion

Bahrain Ministry of Works, Municipalities Affairs and Urban Planning said work was progressing well on road revamp project in Hidd area of the kingdom with 80 per cent of the job completed. The BD354,537 ($932,673) project for revamping of roads in Blocks 107 and 108 in the area

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Myra eyes millennials with Dubai apartment project

Myra Properties, a UAE-based developer of high-end luxury properties, has launched its latest apartment project in Dubai, to target the growing community of young millennial expatriates who are increasingly relocating to Dubai for employment or wishing to invest in lucrative properties in the r

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Oman's Asaas launches new construction unit

Muscat National Development and Investment Company (Asaas), aleading player in the country, has launched its new construction management subsidiary ‘Kayan.’ The newly-formed unit will be responsible for the management and execution of Asaas’ real estate developm

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Al Sharq's Dubai residential project on track

Saudi-based Al Sharq Investment said 93 per cent of the structural work has been completed at its Alef Residences, a luxury project coming up on a 46,840-sq-m area at Palm Jumeirah in Dubai, UAE.   The Alef Residences, which will be a project of 'firsts', is to be ser

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Dow unveils key CSP solutions at Dubai solar expo

The Dow Chemical Company is showcasing its range of concentrated solar power (CSP) solutions at the ongoing Middle East & North Africa Solar Conference and Expo (Menasol) in Dubai, UAE. A major highlight is the industry-leading Dowtherm, a heat transfer fluid which enables th

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