Dubai master-developer Emaar Properties has announced plans to distribute cash dividends worth AED8.8 billion ($2.4 billion), representing 100% of the share capital, for the FY 2025. The Dubai developer had recorded its highest property sales of AED80.4 billion ($21.9 billion), up 16% over the previous year.
Italian construction giant Webuild will exit a major contract on Saudi Arabia’s ambitious NEOM development after the client opted to terminate works on part of the Trojena mountain resort, highlighting ongoing adjustments within one of the world’s most closely watched infrastructure programmes.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million).
Mered, a leading real estate developer, has reported significant progress on its ultra-luxury residential tower - Iconic Residences Design by Pininfarina - with its fully mobilised teams achieving key milestones in structural works, MEP systems, interior fit-outs, and material co-ordination.
UAE developer Arada said it has completed the construction and begun handover of five new residential blocks in Naseej District within its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah. It comprises 482 apartments with a mix of one- to three-bedroom units along with smart home features.
Malaysia-based Eversendai Corporation said it has received a termination notice for its structural steel contract at the Trojena Ski Village project in Saudi Arabia, citing geopolitical developments in the Middle East.
AtkinsRéalis has signed a strategic deal with Futurecity, the cultural placemaking agency, to advance culture-led urban development across global markets. The duo will initially focus on the Middle East, where major investment in arts, culture and destination development is reshaping cities.
GFH, a leading regional financial group based in Bahrain with major interests in asset management and real estate, has announced that the company board has secured approval from its shareholders for the distribution of 10.11% cash dividends worth $100 million for the FY 2025.
Luxury real estate developer Sobha Realty has announced that its premium project in Dubai, Sobha Crest Grande, has received its building completion certificate (BCC) and is set to begin its handover shortly. Located in the waterfront district of Sobha Hartland, it features 985 residential units as well as other key amenities.
The Mohammed Bin Rashid Aerospace Hub (MBRAH) at Dubai South has officially announced the opening of a new Painting & Grinding Center developed by Lufthansa Technik Middle East, reinforcing the company’s commitment to expanding its aviation and MRO capabilities in the region.
