Monday 19 April 2021
 
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Egis awarded Red Sea museum design contract

French construction engineering group Egis said it has been awarded a contract by the Saudi Ministry of Culture to turn the historic Bab Al Bunt heritage building in Jeddah into the Red Sea Museum.    As per the deal, Egis will be the lead consultant for th

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DLD issued 4,202 new real estate permits in 2020

Dubai Land Department (DLD) has issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the Trakheesi system on the department’s website.   Through the system, users can conveniently apply for various real estate pe

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Indonesia’s Expo 2020 pavilion nearing completion

Indonesia has announced that work was progressing at a steady pace on its country pavilion at Expo 2020 Dubai with around 95 per cent of the project already completed.   The pavilion, located in the "Opportunity District", will focus on presenting Indo

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Al Faris deploys Demag cranes for challenging UAE project work

Al Faris, which claims to have the largest fleet of cranes and other heavy equipment in the Middle East region, said it recently deployed Demag CC 3800-1 lattice boom crawler crane for a challenging job at a power plant work site in the UAE of lifting 80-tonne heat recovery steam generators.

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Empower spends big on district cooling infrastructure in Q1

Emirates Central Cooling Systems Corporation (Empower), one of the largest district cooling services providers, has announced that it has awarded contracts worth AED 217 million in the first quarter of 2021.   The deals were awarded majorly for the development o

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Promoseven announces sale of Diyar Alkhair commercial spaces

Promoseven Holdings, a leading real estate developer in Bahrain, said its subsidiary, Daih Real Estate Development Company, has announced that it will be offering more than 1,000 sq m of commercial investment space within its latest residential project Diyar Al Khair located at Sanabis.

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neo capital announces $73m JV purchase of property in US

Dubai-based neo capital, a leading asset management company, has strengthened its global asset portfolio in the US with the joint-venture acquisition of Harbor Landing, a five-storey, 95% leased Class A multi-family asset in Stamford, Connecticut. The latest acquisition, secured

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Smart home market to hit $135bn by 2035, says expert

Smart products are already disrupting and transforming industries, said professional services firm Accenture in a new report, adding that the smart home market alone is projected to be worth $135 billion by 2035. There are several reasons for this trend toward "smart everyth

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Bahrain FinTech Bay to drive kingdom's real estate ecosystem

Bahrain FinTech Bay said it has signed a partnership deal with the Real Estate Regulatory Authority (Rera) to bolster Proptech within the kingdom and make it a pioneer in the Middle East and North Africa region.    The leading FinTech hub in the Middle East

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L&T wins EPC contract for 300MW Saudi solar plant

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its subsidiaries has secured a turnkey engineering, procurement, and construction (EPC) order for a 300MW solar photovoltaic (PV) power plant in the Saudi city of Jeddah.  

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