Thursday 23 February 2017
 
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Construction

Arabtec wins SCA approval for recapitalisation plan

Arabtec Holding, a leading construction company in the Middle East, said it has received approval in principle from the Securities and Commodities Authority (SCA), the UAE's stock market regulator, for its recapitalisation programme.

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Dentons boosts construction, dispute resolution team

Dentons, one of the world's largest law firms, has announced that Alastair Young, an industry veteran, has joined the Middle East Construction and Dispute Resolution practice in Dubai, UAE. Alastair recently relocated from Den

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Nakheel receives 3 construction bids for Deira Mall

Nakheel, one of the world’s leading developers, said it has received three contruction proposals for its new retail, dining and entertainment hub to be built at Deira Islands in Dubai, UAE. These proposals were submitted ahe

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Saudi Jazan Economic City work in full swing

State oil giant Saudi Aramco said construction is now in full swing at the Jazan Economic City (JEC) and also work is going at a steady pace at its refinery complex which is now about 70 per cent complete.   The massive proje

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Saudi Jazan Economic City work in full swing

State oil giant Saudi Aramco said construction is now in full swing at the Jazan Economic City (JEC) and also work is going at a steady pace at its refinery complex which is now about 70 per cent complete.   The massive proje

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Dodsal faces KOC action over oil project delay

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report. KOC will decide on the fine in line with the cou

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Dodsal faces KOC action over oil project delay

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report. KOC will decide on the fine in line with the cou

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Dodsal faces KOC action over oil project delay

State-owned Kuwait Oil Company (KOC) plans to slap a KD25-million ($82 million) fine on UAE-based Dodsal Group over its failure to complete a key oil project on time, said a report. KOC will decide on the fine in line with the cou

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Drake & Scull 2016 net loss narrows to $214m

UAE-based Drake & Scull, a leader in the integrated design, engineering and construction sector, has reported a net loss of Dh786.9 million ($214.4 million) for 2016 compared to the previous year's loss of Dh938.8 million ($255 million).

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Middle East rooms under contract up 5pc

The Middle East reported a 5.1 per cent increase in rooms under contract in January compared to the same period last year with 85,827 rooms in 269 hotels under construction for the month, said a report. Under contract data include

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