Dar Global, a London-listed luxury real estate developer, has awarded the construction contract to Gulf Asia Contracting for the podium of Trump International Hotel & Tower, Dubai, following the successful completion of all enabling works.
RAK Ceramics, a leading UAE ceramics brand, has reported a higher second-quarter net profit, which surged by 2.9%, while its revenue hit AED823 million ($224 million) supported by demand in UAE, Saudi Arabia and Bangladesh despite regional disruptions and higher logistics costs.
Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital.
LMD, an international real estate developer with major presence in the UAE, Egypt, Spain and Greece, has completed the handover of Marina Living, its 20-storey residential tower in Dubai Marina comprising 205 apartments with a mix of one- and two-bedroom apartments.
Work is moving at a steady pace on the College of Business and Digital Innovation at University of New Haven's Riyadh campus in Mohammed Bin Salman Nonprofit City (Misk City) with the project set for opening later this year. It has been designed by British education architecture firm Kampus.
Saudi-based Hamad Mohammed Bin Saedan Real Estate has announced that it has awarded the construction contract for its prime project - HS Residences 2 - in Al Arid District in Riyadh. Spanning 6,030 sqm area, it features 60 modern residential units along with key amenities.
UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy.
Sumea, a Dubai-based sourcing, procurement and supply chain group, has opened its 12,000-sq-m global trade hub - SumeaWorld - in Jebel Ali Free Zone. With this move, Sumea is building an integrated ecosystem connecting manufacturers, brands and markets worldwide.
Saudi Arabia's Dar Al Majdiah Real Estate Company has entered into a deal with Alistithmar Real Estate Fund 9 to develop two residential towers at the Masar Destination in Makkah. The entire work will be completed within a 30-month period.
Work has begun on the Dubai Creek Lights project, an eight-kilometre waterfront lighting scheme designed to enhance the city's historic Dubai Creek area. The project also includes upgrades to lighting along promenades, waterfront walkways, building facades and creek entrances.
