Wednesday 5 August 2015
 
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Construction

Global housing construction to reach 63m units by 2019

Worldwide construction of new housing units is forecasted to increase 3 per cent annually to 62.6 million units in 2019, according to a new study from The Freedonia Group, a Cleveland-based market research firm. While global popul

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Global housing construction to reach 63m units by 2019

Worldwide construction of new housing units is forecasted to increase 3 per cent annually to 62.6 million units in 2019, according to a new study from The Freedonia Group, a Cleveland-based market research firm. While global popul

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Qatar construction growth 'to continue regardless of World Cup'

Qatar's construction sector growth will continue regardless of the status of the World Cup as much of the infrastructure pipeline is not directly linked to the event, said a report. Over the next 10 years, annual average growt

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Ibdar earns 15pc returns on construction project sale

Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday. The bank said its exit from Sakan Development Company

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Saudi builder Al-Khodari Q2 net profit surges

Saudi Arabian builder Abdullah Abdul Mohsin Al-Khodari Sons on Sunday said its second-quarter net profit more than quadrupled as it sold some equipment and margins improved. The company made a profit of SR34.9 million ($9.31 milli

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HLG wins Abu Dhabi construction contract

The Habtoor Leighton Group (HLG), one of the leading diversified international contractors in the region, has been awarded a Dh263-million ($72 million) contract by Abu Dhabi Ports for the development of infrastructure at its flagship project, K

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HLG wins Abu Dhabi construction contract

The Habtoor Leighton Group (HLG), one of the leading diversified international contractors in the region, has been awarded a Dh263-million ($72 million) contract by Abu Dhabi Ports for the development of infrastructure at its flagship project, K

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Oman awards $274m construction contracts

Omani government on Wednesday (July 15) awarded projects worth RO105.7 million ($274 million) including the construction of infrastructure at the new residential area in the Wilayat of Liwa in North Al Batinah Governorate. Other projects include

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Abu Dhabi University to construct new building

UAE-based Abu Dhabi University has started construction work at its new campus, which will house the engineering college, on a sprawling 9,200-sq-m area in the UAE capital, said a report. The project, which is estimated to cost Dh

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Pleas against Munich Airport runway construction rejected

Objections against construction of a third runway for Munich Airport have been dismissed by the Federal Administrative Court in Leipzig, Germany. The environmental group Bund Naturschutz Bayern and five private individuals had fil

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