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Alandalus starts work on $221m Makkah retail developmentAlandalus Property has started work on a major commercial development in Makkah being developed at a total investment of SAR831 million ($221.4 million) in the Umm Jurfan neighbourhood of the Saudi city. On completion, the project will boast 350 re More… |
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Farnek wins new security contracts from top UAE firmsUAE-based facilities management (FM) company Farnek has secured a raft of new security contracts, valued at more than AED25 million ($6.8 million), with technology playing a key role in its successful market proposition. One notable contract More… |
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UAE mulls building a second nuclear power plant, says reportThe UAE is considering building a second nuclear power plant to meet growing demand for electricity in the oil-rich Gulf state, a government official told Reuters. As the final reactor of the UAE's only nuclear plant is set to start commercial ope More… |
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Global electricity demand set to grow by around 4% in 2024The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by the International Energy Agency (IEA).&nb More… |
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Saudi household homeownership rate up 63.74%, says reportThe percentage of Saudi households owning a housing unit has reached 63.74% at the end of 2023, an increase of 16.7 percentage points compared to 2016, surpassing the 2023 target of 63%. Over 96,000 eligible families benefited from housing support in 202 More… |
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3D printing to help boost UAE construction sector growth, says expertDespite global challenges, the UAE construction sector is seeing significant growth, particularly in residential and mixed-use projects, accounting for $125 billion and $232 billion respectively, with advanced technologies such as 3D printing solutions set to play a major role in meeting dema More… |
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Gulf Air to build major MRO facility in BahrainGulf Air, the national carrier of Bahrain, has announced plans to build a state-of-the-art maintenance, repair, and overhaul (MRO) facility at Bahrain International Airport (BIA). The project will be a significant and qualitative addition to Bahrain' More… |
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AlUla first in Mideast to get Destinations International certificationRoyal Commission for AlUla (RCU) has announced that it has received accreditation from Destinations International, a US-based organization, for its premium development AlUla. With this, it has become the first destination in the Middle East to receive this certification. More… |
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NHC awards contract to build 20,000 homes in Saudi ArabiaSaudi Arabia's National Housing Company has awarded a major contract to China State Construction Engineering Corporation (CSCEC) for building 20,000 residential units within the suburbs and communities developed by NHC across the kingdom. These units will More… |
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Barratt offers Mideast investors with access to green spacesMiddle East investors are set to benefit from Barratt London's long-term drive to increase London’s green spaces. To date, the developer has created over 58 acres of greenery in the capital, equivalent to over 32 football pitches. While expandi More… |
