Friday 24 May 2024

Shapoorji Pallonji wins 429-unit Riyadh residential project contract

Shapoorji Pallonji, a major Indian construction conglomerate, has announced that it has secured a design-and-build contract from Roshn, the leading national real estate developer powered by Saudi Arabia's Public Investment Fund, for a major residential project in Riyadh. 


Taqa Q1 revenues hit $3.73bn; net profit at $571m

Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported a robust financial performance during Q1 2024, bolstered by the recognition of contributions from Sustainable Water Solutions Holding Company PJSC (SWS Hold


Tadweer to build Abu Dhabi's first greenfield material recovery facility

Tadweer Group, a leader in sustainable waste management practices, has announced the closed  bidding for the planned development of Abu Dhabi’s first greenfield Material Recovery Facility (MRF).    The state-of-the-art facility will recover recyc


Emaar's Q1 net profit up 16pc; revenue soars to $1.8bn

Dubai master-developer Emaar Properties showed consistent resilient performance and operational efficiency across its various businesses for the first quarter recording revenues of AED6.7 billion ($1.8 billion), and net profit before tax of AED4.3 billion ($1.2 billion), which grew by 16% com


Gulf Land Property to set upcale residential community in Dubai

Gulf Land Property Developers has announced a strategic partnership with Tonino Lamborghini Group, a prestigious brand synonymous with Italian quality and sophistication worldwide, to develop an upscale residential community in the heart of Dubai.    T


RMJM completes work on Masdar City innovation hub

Leading architectural network RMJM has announced the completion of work on the Innovation Hub located within Abu Dhabi's Masdar City.    The project is strategically located and easily accessible in the heart of Masdar City’s Tech and Research &am


Schneider Electric names Gulf VP for Buildings

Schneider Electric, a global leader in energy management and automation, has appointed Yasser Ahmed as the Vice President of Buildings for the Gulf Cluster.    With over 15 years of experience in digitisation, automation and decarbonization, Ahmed brings a


UAE construction sector riding high on $590bn pipeline: JLL

Despite ongoing global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the total pipeline value of unawarded construction projects in the Middle East and North Africa (Mena) is set to reach $3.9 trillion, with the UAE holding a significant share at


Luxe Developers launch most expensive residences in Ras Al Khaimah

The Luxe Developers, a UAE-based real estate development firm, has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island.    The propert


Dewan sets new benchmark in architectural design for Amaala project

Dewan Architects + Engineers, a leading force in architectural innovation, has reaffirmed its unyielding commitment to the Amaala Yacht Club project, set within the integrated wellness haven being developed by Red Sea Global (RSG) on the north-western coast of Saudi Arabia.  

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