Tuesday 30 August 2016

Majid Al Futtaim to expand City Centre Ajman

Majid Al Futtaim, a leading shopping mall, retail and leisure developer, today announced a comprehensive redevelopment of City Centre Ajman that will see the mall almost double in size, from 29,000 sq m to 52,000 sq m.   With an estimated cost of Dh600 million ($163 million),


ITG to set up high-voltage cable factory in KAEC

International Trade Gateway Company (ITG) will set up a high-voltage cable factory in Saudi Arabia’s King Abdullah Economic City (KAEC). The company has signed an agreement with KAEC for the purchase of a 9,000-sq-m plot located in Phase One of the Industrial Valley at KAEC


Property Monitor launches new website

Cavendish Maxwell, one of the region’s leading property and construction consultancies, has announced that its real estate data platform, Property Monitor, has launched a new website and major upgrade to its paid web application. Property Monitor v2.0 incorporates more soph


Oman plans to restructure water sector

Oman has planned a major review of the water sector aiming to bring water resources, potable water, and wastewater under a unified structure, a report said. The review will help coordination across the different segments of the water sector which are currently managed by multiple


Bahrain to sign $395m housing projects

Bahrain will today (August 23) sign contracts to carry out housing projects worth more than $395 million funded by the Gulf Development Programme. The signing will take place under the patronage of Deputy Prime Minister and head of the ministerial committee for construction and i


2017 set to be busiest year for hotel openings

2017 is set to be the busiest year for hotel openings in the Middle East with 189 projects and 58,527 rooms, an industry report has revealed. According to the Middle East Hotel Construction Overview report prepared by Tophotelprojects exclusively for The Hotel Show Dubai 2016, no


KHCB inks financing deal with developer

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has signed an agreement with Burooj Property Development to offer customised financial solutions, reported the Gulf Daily News, our sister publication. To read further, please visit


Drake & Scull to review business, seek new investors

Dubai-listed construction and engineering company Drake & Scull International has asked advisers for proposals to review its business and find strategic investors, its chief financial officer told Reuters on Monday. The company, one of the biggest engineering companies in the


Danube opens aluminium composite panel factory

Dubai-based Danube Group, a leading materials supplier in the UAE, celebrated the opening of the first aluminium composite panel (ACP) factory in the Middle East, in conjunction with Alucopanel USA. The facility, part of Alucopanel Middle East and located in Dubai’s Technop


Oman's $600m tourism project set for 2017 launch

Oman's $600-million mixed-used develpment, Saraya Bandar Jissah, is set to house its first residents early next year. Being developed by Omran, the tourism development and investment arm of Oman, the project spans 2.2-sq-km and will offer residential units, recreational facil

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