Tuesday 3 March 2015
 
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Construction

Bahrain awards $39m construction tenders in January

Bahrain had awarded nine contracts worth BD15 million ($39 million) in January including key road and sanitary works besides inviting bids for seven major projects, said a senior official. The Works, Municipality Affairs and Urban

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London skyscraper building to resume after AXA deal

The construction of the partially built "Pinnacle" skyscraper in London's financial district will resume this year after it was bought by AXA Real Estate in a deal announced on Friday that is reported to be worth 300 million pounds

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Orascom Construction to raise up to $241m

Engineering and building giant Orascom Construction plans to raise as much as $241 million in a sale of new shares in Egypt over the next few weeks, the company said on Thursday. The company, which plans to offer up to 15.8 millio

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Orascom Construction to raise up to $241m

Engineering and building giant Orascom Construction plans to raise as much as $241 million in a sale of new shares in Egypt over the next few weeks, the company said on Thursday. The company, which plans to offer up to 15.8 millio

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Orascom to spin off engineering, building business

Orascom Construction Industries (OCI) plans to spin off its engineering and building business from its fertilisers and chemicals' unit next month, the Amsterdam-listed firm said. The demerger will take place on March 7, the co

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$103bn construction deals to be awarded in GCC this year

Construction projects worth $103 billion are likely to be awarded this year in the GCC, an increase of 21.2 per cent over last year, according to a study.  Projects across all building sectors worth $67.6 billion were completed and

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Green construction 'to drive GCC projects'

GCC countries are increasingly looking to sustainable and environmentally responsible developments as the region’s construction sector booms on the back of social infrastructure spending, according to industry experts. Overa

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Posco to sell stake in construction unit to Saudi fund

South Korean steelmaker Posco has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported. Posc

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Sodic to award $535m construction contracts

Sodic, one of Egypt's largest listed real estate developers, is set to award contracts worth around E£4.1 billion ($535 million) in 2015, said a report. The company also plans to invest E£2.3 billion ($300 million)

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Eamco showcases prowess at show

Flagship companies of Eastern Asphalt and Mixed Concrete Company (Eamco) are showcasing their diverse range of services for the construction industry at the Gulf Industry Fair (GIF) in Bahrain. Among them is Eastern Precast - the

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