Friday 22 June 2018
 
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PDO to develop new geological park in Oman

Oman's Ministry of Tourism has joined hands with Petroleum Development Oman (PDO) to set up a geological park in the Al Wusta governorate of the sultanate, given its natural biodiversity and geological diversity, said a report. The agreement comes as part of the ministry'

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Abu Dhabi to distribute over $1bn in housing loans

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has instructed the provision of housing loans worth Dh4.27 billion ($1.16 billion) in total, to 2,500 beneficiaries in the emirate of Abu

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Bahrain's Khalifa Town work in full swing

Bahraini authorities said work was progressing well on Phase One of its Khalifa Town development, which upon completion will boast a total of 1,560 housing units, said a report. Presently. more than 400 residential apartments in the town are ready for handover, reported BNA

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Wasl sees big leasing demand for Dubai project

Dubai-based wasl properties, a subsidiary of wasl Asset Management Group, said it has recorded an unrivalled demand for the leasing of Block A, the second phase of wasl district. The company announced the leasing of 90 per cent of the one-, two- and three-bedroom apartments withi

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Abu Dhabi's prime golf club set for major revamp

Abu Dhabi Airports is set to revamp the Al Ghazal Golf Club and sports resort, the only sand golf course in the emirate, and transform it into the "most luxurious resort for sport lovers and families." Establishing it as the ultimate haven for adventure-seekers and athl

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SNC-Lavalin, Florexx ink UAE refinery project deal

SNC-Lavalin, a leading project management company, said it has signed an exclusive agreement with Florexx International Investments for the extended basic engineering and subsequent design and delivery of an advanced topping refinery in the UAE. A Dubai-based group, Florexx Internation

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Deerns wins Kuwait airport consultancy contract

Deerns Group, a Dutch consulting leader in conceptual design, engineering and construction services, has been awarded a contract by the Kuwaiti government to implement a range of technical facilities in and around Kuwait International Airport. This is one of the largest projects

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Kuwait's real estate sales hit $2.5bn in Q1

Kuwait's real estate sector witnessed a pick-up in real estate activity in the first quarter, driven in particular by strong sales in March, said a report. Sales reached KD767 million ($2.53 billion) in the first quarter, of which 45 per cent took place in March, according to

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Nakheel's Dragon City expansion work on track

UAE master developer Nakheel said construction of its third expansion at Dragon City – a Dh169-million ($46 million) showroom and car-park complex – has reached the 80 per cent mark, with completion due in the fourth quarter of 2018. Managed by Nakheel Malls, the reta

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Qatar to build $27m substation for metro project

The Qatar General Electricity and Water Corporation (Kahramaa) will build a QR100-million ($27 million) substation to cater to the power requirements of Qatar Rail's Doha Metro Project, a media report said. The power station at Al Waab City is part of the 12th phase of the el

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