Wednesday 26 July 2017

Cimic wins $400m Australia airport contract

Cimic Group, a leading international contractor, said one of its companies CPB Contractors has been awarded a $400-million airfield works contract by Brisbane Airport Corporation to construct the New Parallel Runway in a 50:50 joint venture with BMD Constructions. The airfield wo


UAE fund to build power plant in Guinea

Abu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of  Dh66 million ($18 million). The centre will bolster energy control efforts, hel


Dubai's major water pipeline project on track

Dubai Electricity and Water Authority (Dewa) has confirmed that it has made significant progress on the supply, extension and commissioning of 25 km of major water transmission pipelines across various parts of the emirate. This is in line with Dewa's strategy to enable the c


Sharjah airport to build new private jet terminal

Sharjah Airport Authority has signed two agreements with Gama Support Services, including building and operation of a new private jet terminal at Sharjah International Airport, with an investment of over Dh110 million ($30 million). The second agreement grants Gama the right to p


UAE developer Deyaar's H1 revenue up 135pc

UAE-based property developer Deyaar has reported a 135 per cent year-on-year increase in revenues for the six months ending June which soared to Dh316.4 million ($86.1 million) from last year's 134.9 million. Announcing its financial results for the first half, Deyaar said th


Heat stress 'a major worry for Mena workers'

With the infrastructure spend in the Middle East and North Africa (Mena) region set to top $280 billion by 2018, heat stress remains a major concern for the UAE region, said an industry expert citing BMI Research. In order to keep staff healthy and output high, industry leaders m


Artar releases new residential units in Dubai

Saudi-based Artar Real Estate Development has released its signature collection of nine elite four-bedroom apartments at the 36-storey Mada Residences tower in Downtown Dubai. Located within a minute’s walk of The Dubai Mall, the world’s biggest shopping destination,


Dubai's Al Maktoum Solar Park Phase III 22pc complete

Dubai Electricity and Water Authority (Dewa) said work on the 800-megawatt (MW) Phase Three of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed. It is the largest sin


Bahrain completes work on new Zayed Town exit

Work has been completed on a new exit to Zayed Town from Sheikh Salman Highway to the North of the Driving School, said a statement from the Ministry of Works, Municipalities Affairs & Urban Planning. The project aims to alleviate traffic congestions along the new housing are


UAE capital 'becoming most affordable housing market'

Slackening demand has sent residential sale prices tumbling in Abu Dhabi and rents have also declined in most districts, making the UAE’s capital more affordable following prolonged government austerity measures, according to a report.   Abu Dhabi is the seat of the fed

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