Friday 9 October 2015

CBRE announces key Mideast appointment

CBRE, the global real estate consulting firm, has appointed Simon Townsend as the new director and head of valuation and consultancy unit. Townsend brings with him more than 17 years of professional valuation experience across the Middle East and North Africa (Mena) region, advis


Aces wins Dubai museum project deal

Arab Center for Engineering Studies (Aces) Dubai said it has been awarded the contract to conduct geotechnical investigation for the prestigious Museum of the Future project in Dubai, UAE. A first-of-its-kind development, the $136-million Museum of the Future is a shiny, steel-cl


Kuwait to award $36bn infrastructure projects

Kuwait will invite private investors, including foreigners, to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals, an official said. The country has huge construction plans, ranging from pow


Oman gears up for top infrastructure expo

Infra Oman 2015, the fifth edition of Oman’s international trade event for infrastructure and industrial projects, will open tomorrow (October 5) at the Oman International Exhibition Centre, (OIEC) in Muscat, said a report. One of the largest gathering of decision makers fr


UAE has world's best roads, says WEF report

The UAE has topped the global rankings in the quality of roads for the year 2015-2016, according to the Global Competitiveness Report issued by the World Economic Forum (WEF). The Quality of Roads Indicator in the report not only tackles standards of technical aspects in terms of


RAK Ceramics unveils new products at Italy expo

RAK Ceramics, a leading hi-tech manufacturer of lifestyle ceramics solutions, showcased its wide range of tiles and sanitary ware at Cersaie 2015 expo held recently in Bologna, Italy. A high-profile exhibition  on ceramics for the building industry and bathroom furnishings,


RTA awards $68m Dubai Parks bridges contract

Dubai's Roads and Transport Authority (RTA) said it has awarded a Dh250-million ($68 million) contract for constructing roads and bridges at the Dubai Parks & Resorts development. The scope of work includes the construction of a three-lane bridge stretching 1.5 km as a main ent


Standard GCC building code by year-end

A standard building code for the Gulf states will be launched by the year-end, said a report. Various ministerial committees and agencies concerned with housing will be consulted before the unified code is finalised for launch, reported The Peninsula citing Qatar's M


Renaissance to sell Topaz Engineering for $18.5m

Oman's Renaissance Services plans to sell Topaz Engineering for $18.5 million to Chalmers Holdings, the company said on Sunday. Renaissance will divest the marine engineering and shipbuilding services unit and its subsidiaries, with the deal resulting in the Omani firm bookin


UAE firm eyes regional indoor lighting boom

Lite-Tech Industries, a subsidiary of Dubai Investments, is set to start a dedicated assembly unit in the UAE for complete LED (light-emitting diode) fixtures as part of its regional expansion strategy. A joint venture between Masharie, the private equity arm of Dubai Investments

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