Tuesday 3 May 2016

Siemens wins service deal for Qatar power plant

Siemens has been awarded a 25-year service contract for the planned Umm Al Houl combined cycle power plant in Qatar. The customer is Umm Al Houl Power, a company established through a partnership among Qatar Electricity and Water Company (QWEC), Qatar Petroleum (QP), Qatar Founda


25pc of buildings to be 3D printed by 2030

Dubai aims to become a leading hub of 3D printing technology by 2030, as much as 25 per cent of buildings in the emirate will be based on this technology, it has been revealed. The 3D printing technology is capable of transforming the construction sector by lowering costs and red


Reclamation in Manama banned

A ban on further private coastal reclamation has been imposed in Manama, Bahrain, reported the Gulf Daily News, our sister publication, adding that the Capital Trustees Board plans to veto any new application to reclaim the sea for projects such as hotels, apartments and malls.


Barwa Real Estate Q1 profit falls 80pc

Qatar's Barwa Real Estate, one of the Gulf Arab state's largest listed developers, reported an 80 per cent fall in first-quarter net profit on Wednesday. Barwa made a net profit of QR651 million ($178.82 million) in the three months to March 31, it said in a statement.


Saudi Arabia to overhaul financial district, economic cities

Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued by delays and a lack of enthusiasm among potential tenants and investors. The government's frank, public assessments of the proj


Top conference to discuss 'Saudi Vision 2030'

Global economic experts and banking executives will join senior leaders from Saudi Arabia to discuss the impact and opportunities the “Saudi Vision 2030” will generate at the Euromoney Saudi Arabia Conference in May. With international interest in Saudi Arabia’s


SuperCasa plans five-star hotel on Al Marjan

SuperCasa, an international developer, has announced plans to build its first five-star hotel on a 75,000-sq-ft plot on  Al Marjan Island, Ras Al Khaimah’s first man-made island project. The hotel will have 320 beach-facing rooms, two fine dining restaurants, two casua


Diyar Al Muharraq unveils its grand vision

Diyar Al Muharraq, a strategic sponsor of the Gulf Property Show, is occupying a prominent place among its peers with the urban developer hosting visitors in its largest ever stand at the show, as it looks to increase visibility, attract more interest and maximise exposure. One o


Afaq Future showcases Bahrain residential tower

Afaq Future Real Estate Company, part of Yousef Al Abdul Jaleel Real Estate, is showcasing Afaq Future, its newest project, at the ongoing Gulf Property Show in Bahrain. Located in Juffair, the 23-floor tower has apartments in various configurations in addition to a swimming pool, a sp


Eagle Hills puts global developments in spotlight

Eagle Hills, an Abu Dhabi-based private real estate investment and development company, is showcasing a number of its international developments at the Gulf Property Show. “Our portfolio of mixed-use developments in high-growth international markets includes a range of prem

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