World Bank approved a $500 million loan to help Egypt finance the construction of one million housing units for low-income residents over five years, said the country's housing minister.
"Between 25 and 40 per cent of the
Egypt's housing ministry and Dubai's Arabtec have agreed some of the terms for a $40-billion project to build one million homes across the country, and they will sign a final contract within 10 days, a ministry spokeswoman said on Tuesda
Arabtec's chairman will meet officials of Egypt's housing ministry on Wednesday to renegotiate the terms of a $40 billion plan to build one million homes in that country, a source familiar with the matter said.
Bahrain-based Manara Developments said it has completed 50 per cent of the construction work on the third phase of its 'Wahat Al Muharraq' development project.
One of Manara's major housing projects estimated to cost B
The work on Al Ramli housing project in Bahrain is likely to start early next year on finalising budget procedures, said a report.
The massive development project includes more than 3,500 housing units to cater to old applicants f
Dubai-based construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said.
Arabtec originally announced in March that it had agreed
Saudi Arabia is set to develop a mammoth housing project in Madinah at a cost of SR55 billion ($14.4 billion) on a 1.6 million sq m area, said a report.
The project, a brainchild of the Public Investment Fund (PIF) of the Ministry
Aldar Properties, a leading property development, investment and management company, said two of its national housing projects - Al Sila’a and Al Raha national housing - have won two Pearl Construction rating from Estidama Pearl Villa Rati
Qatari developer Barwa Real Estate has awarded a key contract to CRC Dorra (Construction & Reconstruction Engineering Company) for the development of the second phase of its Barwa Al Baraha housing project, said a report.
The foundation stone for a 270-hectare project featuring up to 4,500 housing units, one of the key strategic development schemes in Bahrain, was laid yesterday (May 21), a report said.
His Majesty King Hamad deputised HRH Prince Salman