A consortium comprising Abu Dhabi Investment Authority (ADIA) has agreed to buy Australia’s Queensland Motorways for A$7.1 billion ($6.6 billion) to gain control of toll roads in the state, a report said.
QIC agreed to
Accor Middle East, a leading hotel operator in the region, is set to open 30 hotels with over 7,000 rooms over the next three years in the region.
The company's Middle East network currently includes 60 hotels comprising more
Qatar will witness a significant rise in project activity this year with contract awards for big infrastructure projects likely to hit $24 billion, said an expert ahead of an industry event in Doha.
The Qatar’s projects mark
Dubai’s Roads & Transport Authority (RTA) will spend Dh3.62 billion ($985 million) on 99 projects this year, it has been revealed.
RTA chairman Mattar Al Tayer said the total expenditure budget approved for the RTA in 2014 was
Bahrain’s Ministry of Works discussed key infrastructure projects including the construction of a road especially dedicated for bicycle amateurs and athletes at a meeting with the Southern Governor.
The proposed road, which
Bahrain's Crown Prince yesterday welcomed Unesco's recognition of Bahrain's Pearl Road as a World Heritage Site.
During a ceremony at Bu Maher Fort, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince,
Oman is paving the way for future growth by developing a more modern and integrated transport infrastructure with the awarding of airport and roads project worth $20 billion, said a experts at a key forum in Muscat.
The Oman Proje
A high-level delegation from Oman will highlight trade and investment opportunities in the Sultanate at the ‘Oman Business Road Show’ to be held in Houston, Texas tomorrow (October 23).
The delegation, which will visit
Abu Dhabi has announced two major road projects - one linking Mafraq (UAE) and Ghweifat in Saudi Arabia and another linking Abu Dhabi and Dubai - to be built at a cost of Dh7.4 billion ($2 billion), said a report.
The 327km Mafraq