Friday 24 May 2024

ICC marks first International Building Safety Day

The International Code Council (ICC) yesterday (May 22) marked the first-ever International Building Safety Day in a special manner using the occasion to promote and celebrate building safety and the benefits it provides to the communities' health and welfare.   


RTA completes upgrade of 900 lighting units to LED in Dubai

Dubai’s Roads and Transport Authority (RTA) has successfully upgraded 900 lighting units along 9 km of Sheikh Rashid Street to energy-efficient LED lighting type. The entire work was completed in three phases over six months.   This project serves motorist


Wasl unveils 48-storey luxury tower in Dubai

Leading UAE developer Wasl has announced the sales launch of One B Tower – a new luxury high-rise situated in a prime location overlooking the Dubai Water Canal in Business Bay. A 48-storey tower, it features a mix of one-, two-, three-, four- and five-bedroom apartments as wel


AlSuwaiket Oil & Gas breaks ground on key Saudi facility

Saudi-based Mubarak A. AlSuwaiket and Sons Oil & Gas Services Company (AlSuwaiket O&G) has announced the groundbreaking of its new industrial facility at the King Salman Energy Park (Spark), a leading energy industrial ecosystem at the heart of the energy market.  


Only 5pc of Bahrain's ‘construction supplies sold online’

Only 5% of construction sector supplies are sold online in Bahrain, said Sadeq Abdulrasool, Chief Business Officer of Qetaat, a newly launched Bahraini B2C and B2B marketplace platform specialising in the development of urban sectors.    Abdulrasool noted t


Q1 net profits of ‘GCC firms slide led by Energy and Telecom’

Aggregate net profits reported companies listed on GCC exchanges dropped to the second lowest level in nine quarters during Q1-2024 at $56.4 billion as compared to $61.8 billion in Q1-2023, according to Kamco Invest.    The decline was mainly led by a y-o-y


Omniyat sets new record with sale of costliest penthouse

Omniyat, a leading real estate developer in UAE, said it has set a new record with the sale of one of its penthouses for AED139 million ($38 million), thus making it the most expensive property in the Burj Khalifa district of Dubai.    The sale of the four-


HSSG Foundation secures piling contract for Mukaab project

Saudi-based New Murabba Development Company, a PIF company, has awarded HSSG Foundation Contracting the piling works contract for its ambitious project Mukaab, which on completion, will be one of the largest built structures in the world.   A key player in the r


Eagle Hills unveils $3.3bn waterfront project in Latvia

Abu Dhabi-based developer Eagle Hills has announced the launch of its new project, 'Riga Waterfront' which aims to develop the waterfront on the Daugava River in Riga, the capital of Latvia. The project's investments exceed €3 billion ($3.3 billion).  


NWC awards $948m Saudi sewage plant maintenance contract

Saudi Arabia's National Water Company (NWC) has awarded three long-term contracts worth more than SAR3.56 billion ($948 million) for the rehabilitation, operation and maintenance of nine sewage treatment plants (STPs) in the kingdom's Eastern Province for a period of 15 years.

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