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Galfar starts work on key Oman road dualisation projectGalfar Engineering, a multi-discipline engineering and construction company, has announced that it has begun work on the Izki-Nizwa road dualisation project in Oman. The project will see expansion of the existing road from Qaroot South Roundabout in Izki More… |
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UAE Steel Producers Committee opens its new HQ in Abu DhabiThe UAE Steel Producers Committee (SPC) celebrated the opening of its new headquarters in the capital, Abu Dhabi, at Aldar Building. The inauguration ceremony was held in the presence of Juma Al Kait, Assistant Undersecretary of Foreign affairs, Ministry of Ec More… |
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GS Inima inks power purchase deal for 6.5MW Oman solar plantGS Inima, a global leader in water treatment industry, has reached a significant milestone in its commitment to sustainable operations by executing a Power Purchase Agreement (PPA) for the Barka 5 Photovoltaic (PV) Plant. Headquartered in Madrid, Spain, More… |
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Investcorp Capital buys portfolio of private market investmentsInvestcorp Capital, a major investor in private markets and alternative investment opportunities, has announced that it has acquired a major interest in a diversified portfolio of assets consisting of corporate investments, real assets and credit investments (The Portfolio) from the Investcor More… |
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AMIS breaks ground on key Dubai residential projectLuxury real estate builder AMIS Development has broken ground on Woodland Terraces, an AED130 million ($35 million) residential project located in District 11, Meydan. This milestone marks the beginning of construction for the modern luxury development, which More… |
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Meraas unveils final phase of villas at The AcresMeraas, a member of Dubai Holding Real Estate (DHRE), has announced the launch of the final phase of The Acres, its exclusive standalone villa community. This highly anticipated release comprises a selection of elegant 3, 4, and 5-bedroom villas, alongsi More… |
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RAK Properties 2024 revenue soars to $381m; profit up 39pcRAK Properties, a leading developer in the northern emirate of Ras Al Khaimah, has reported a 40% year-on-year revenue growth in 2024 which soared to AED1.4 billion ($381 million), up from AED1 billion ($272 million) the previous year. The announcement came du More… |
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NWC completes key water, sanitation projects in RiyadhSaudi Arabia's National Water Company (NWC) has announced the completion of three major water and sanitation projects in Al Kharj and Al Sulayel governorates in the Riyadh region. The scope of work includes construction of over 119km pipelines and networks More… |
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ADFD starts work on 320-key luxury hospitality project in EgyptThe Abu Dhabi Fund for Development (ADFD) today (March 13) laid the foundation stone for its AED440 million ($120 million) hospitality project - Sofitel Legend Pyramids Giza - in Egypt. A luxury five-star hotel, it will feature 302 rooms equipped with st More… |
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Umm Al Qura IPO gets solid response from retail investorsSaudi-based Umm Al Qura for Development and Construction today (March 13) announced the successful completion of the offering period for retail investors for the company’s initial public offering (IPO). Umm Al Qura is the owner, developer and operator of More… |
