Sunday 31 August 2014
 
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Construction

600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of

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600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government. Out of

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Nakheel awards $20m Palm Jumeirah complex deal

Dubai developer Nakheel has awarded a Dh75 million ($20.3 million) contract to build a new residential complex with 130 apartments on Dubai’s Palm Jumeirah island.   The developer has awarded the deal to the UAE-based Tr

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Arabtec ex-CEO eyes $1.3 per share

Hasan Ismaik, the former chief executive of major Dubai construction firm Arabtec, said he was in talks on selling some of his stake to Abu Dhabi's Aabar Investments and wanted over Dh5 ($1.3) per share,  about 4 per cent above the curr

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Dubai construction material prices steady

The prices of individual construction materials in Dubai, UAE, remained more or less steady during the second quarter of 2014 compared to the same period last year, said a report. In the cement category, the prices of ordinary Por

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GCC states to pump $9.5bn into new hospital projects

Gulf countries are likely to invest about $9.53 billion on new hospital projects and for upgradation of the medical facilities by the year end, up 25 per cent over 2013, said a report. Saudi Arabia is among the GCC countries forec

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SEC plans massive power boost for Riyadh

State-run utility Saudi Electricity Company (SEC) plans to bring online more than 4,750 megawatts of natural gas-fired generating capacity in Riyadh between 2015 and 2017, the company said on Sunday. One power plant there, known a

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KBR wins key polyethylene plant contract

KBR, a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial sectors, has won a contract from Gemini HDPE, a manufacturing JV between INEOS Olefins & Polymers US and Sasol, to provide en

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WSP secures Qatar highway project

UK-based consultant WSP has won a contract from international contractor J&P Overseas for the 45-km New Orbital Highway, in Qatar. The project involves the construction of dual five-lane highways and a two-lane truck highway as well

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Balfour Beatty rejects third Carillion offer

British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address the risks in the deal and only represented a small increase in value. Carillion had gone public wi

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