Wednesday 1 October 2014
 
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Bahrain to develop newer, wider roads

Bahrain's Ministry of Works has announced plans to develop new and wider roads, that will be able to deal with the increase in traffic congestion across the kingdom, under a new 2021 strategic plan. "There are plans to im

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Damac pulls exchange offer for Dubai listing

Damac Real Estate has withdrawn an offer for holders of its London-listed Global Depositary Receipts (GDRs) to swap their positions for shares to be listed on the Dubai Financial Market, it said in a statement on Wednesday. The de

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Damac plans special offer for UAE nationals

Damac Properties, one of the largest luxury real estate developers in Dubai, UAE, said it is launching a dedicated real estate initiative for UAE nationals.   The opportunity will be presented during events taking place on Sep

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Cityscape sees record visitor turnout

The Cityscape Global 2014, which concluded yesterday (September 23) in Dubai, UAE, was a major success with leading developers showcasing projects worth billions of dirhams, before a record visitor turnout. The event witnessed a 2

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Tecom plans $408m investment in Dubai projects

Tecom Investments, a diversified conglomerate and a member of Dubai Holding, said it aims to develop 1 million sq ft of additional office space, spread out across its business parks at an overall investment of Dh1.5 billion ($408.2 million).

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MAG to spend $3bn on six of the best

MAG Property Development is to launch six upscale projects worth a total of $3 billion, five of which will be in Dubai, UAE, and one located overseas in the US. The real estate development arm of UAE’s Moafaq Al Gaddah Group

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New infrastructure projects in GCC to hit $86bn in 2014

The value of new infrastructure projects across the Gulf Cooperation Council (GCC) region is poised to hit $86 billion in 2014, up 77.8 per cent compared to last year, said a report. Saudi Arabia continues to dominate the region w

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Bahraini builders 'must be given priority for local projects'

Bahraini contractors should be given priority in carrying out government projects as long as this does not conflict with working laws, the Premier said. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa was ch

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Meydan launches two dream projects in Dubai

The Meydan Group has announced two new projects - Mohamed Bin Rashid Al Maktoum City District Eleven and Meydan Avenue, at the Cityscape Global exhibition in Dubai, UAE. Mohammed Bin Rashid Al Maktoum City – District Eleven

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Oman eyes five major tourism projects

Five major tourism projects in Oman aimed at attracting both international and domestic tourists are expected to get the green signal from authorities before the year-end, a senior tourism official has said. The projects are part

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