Wednesday 21 August 2019

Work starts on AlUla airport revamp, concert hall

Work on the transformation of AlUla’s Prince Abdulmajeed Bin Abdulaziz Airport and Maraya Concert Hall has begun togther with the start of several other development projects for the region.   The projects are in line with the vision for AlUla of HRH Prince


Global construction additives market to grow at 6.6pc

The market for construction additives such as superplasticisers and iron-oxide pigments is expected to expand at a CAGR (compound annual growth rate) of 6.6 per cent from 2018–2025, said growth partnership company Frost & Sullivan in a new report. A global uptick in con


Sedco exits $338m of global real estate investments

Sedco Capital, a leading global asset manager, has exited seven global real estate investments for a total of $338 million, achieving target returns on all properties and realising an average internal rate of return (IRR) of 14 per cent. The seven properties span the residential,


Oman's first utility-scale wind farm starts op

The 50-megawatt (MW) Dhofar Wind Farm in Oman has produced its first kilowatt hour of electricity, marking a major milestone for the GCC region’s first utility-scale wind farm.   The landmark wind farm, which is fully funded by the Abu Dhabi Fund for Devel


MEA hotel construction remains steady: STR

The July hotel pipeline data released by marketplace insights provider STR showed a total of 427 projects accounting for 123,742 rooms in construction in the Middle East and 138 projects and 25,986 rooms in construction in Africa. The Middle East total represented a 2.1 per cent


Dubai developers ‘handing over projects with speed’

Despite a sustained correction in prices across nearly all communities in Dubai, developers are completing construction and handing over projects with speed, said Property Finder, a leading property portal in a new report. According to data in the ‘Property Finder Trends&rs


Saudi KAEC unveils summer residential offering

Saudi Arabia's King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, has announced the launch of its extraordinary summer residential offering under ‘Own a Turquoise View and Get a Car Free’ slogan. The offer is valid until August 31.


L&T inducts new batch of Saudi engineering students

Larsen & Toubro Limited (L&T), a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $20 billion in revenue, said its Saudi subsidiary had recently inducted fresh Saudi engineering graduates as a part of its Graduate E


Dubai RTA wins ISO for compliance management system

Dubai's Roads and Transport Authority (RTA) has obtained the ISO 19600 certificate in compliance management system, thus becoming the first government entity in the Middle East to obtain the certificate in the field of roads and transport.   Abdullah Al Jawi


Bahrah Trading named Genie distributor in Kuwait

Terex Aerial Work Platforms (AWP) has appointed Bahrah Trading Company, an affiliate of Al Sayer Holding, as its new distributor for Genie telescopic and articulating boom lifts and scissor lifts in Kuwait.     Over a period of six decades, Bahrah Trad

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