Archive for January, 2017

Expo 2020 unveils 47 contracts worth $3bn for 2017

Expo 2020 unveils 47 contracts worth $3bn for 2017

30/01/17

The team responsible for the delivery of Expo 2020 Dubai has revealed plans to award 47 construction contracts, worth a total of $3bn (AED11bn), in 2017. A further 98 non-construction contracts, totalling $98m (AED360m), will also be awarded before the end of the year. Contracts awarded this year, which are open to local, regional and […]

Floating homes to feature in Dubai Canal project

Floating homes to feature in Dubai Canal project

26/01/17

A Finnish firm has been commissioned to build ten ‘floating homes’ and transport them by sea to Dubai for the Marasi Business Bay development. The company, Admares, says it has been awarded phase one of the project on Dubai Canal, which will feature homes on water, restaurants and a yacht club. Admares’ scope of work […]

Oman issues new regulations to set up contracting firms

Oman issues new regulations to set up contracting firms

26/01/17

Oman’s Ministry of Commerce and Industry has issued new regulations which make it simple for businesses to start companies and establishments in the contracting sector across the sultanate, according to new guidelines posted on its website. Under the new rules, companies will no longer be required to show proof of capital when registering a new […]

Omniyat plans large units, bucking industry trend

Omniyat plans large units, bucking industry trend

26/01/17

Omniyat has revealed its latest Dubai development masterplan – and it goes against a new industry trend to build smaller apartments. The Sterling building will contain one-bedroom homes starting at 1,000 sq. ft. with two-bedrooms at 1,700 sq. ft. and three-bedrooms at 2,600 sq. ft., the Dubai-based private developer said in a press statement. Statistics […]

Prince Khaled's KBW inks deal to develop projects in Sharjah

Prince Khaled’s KBW inks deal to develop projects in Sharjah

26/01/17

KBW Investments (KBW), the company of Prince Khaled bin Alwaleed bin Talal, and Basma Group (Basma) on Monday announced the launch of ARADA, a partnership enterprise dedicated to the creation of prime residential properties in the UAE. ARADA has commenced operations with the focus on “creating communities”, aiming to address the ever-expanding mid-market segment, a […]

$150.36 million housing project signed in Bahrain

$150.36 million housing project signed in Bahrain

26/01/17

Housing Minister Bassim bin Yacoub Al-Hamer sealed the agreements along with the constructions companies. The project was awarded to Al-Mezeal Construction and Services, Luqman Al-Haddad Construction Company, Mohammed Saif Ajlan Al-Mannai and Al-Nisr Construction Company. Earlier, the ministry had signed an agreement with the Saudi Development Fund to construct 1560 units as part of the […]

More details revealed about Dubai's $300m Cityland Mall project

More details revealed about Dubai’s $300m Cityland Mall project

26/01/17

More details have been released about the centrepiece of the AED1.1 billion ($300 million) Cityland Mall, which will be built in Dubai as the world’s first nature-inspired shopping complex. Central Park, the 200,000 sq ft open-air garden which will form the core of the mall, will feature an array of attractions such as a mini […]

Tenders issued for $1bn medical city

Tenders issued for $1bn medical city

26/01/17

Construction of the new  $1-billion King Abdullah Medical City in Bahrain is expected to commence in June. Tenders have already been invited from interested contractors from Saudi Arabia and Bahrain for levelling the land on the country’s east coast for the complex. The project is being funded with a grant from Saudi Arabia’s late King […]

UAE committee approves 420 projects worth $136m

UAE committee approves 420 projects worth $136m

26/01/17

Construction works were endorsed by the UAE President’s Initiatives Committee   The UAE President’s Initiatives Committee has endorsed 420 construction projects at a cost of AED500 million ($136m). The projects will be implemented across the country, according to a statement carried by UAE state news agency WAM. During its meeting held on Tuesday and chaired […]

Expo 2020 buildings to be ready year early for trial events on site

Expo 2020 buildings to be ready year early for trial events on site

26/01/17

The bulk of the buildings proposed for the Expo 2020 site will be ready by the end of 2019 to allow for a number of trial events to take place early in 2020, the project’s organisers said. Enabling works are under way at the site, and a contractor is already in place to deliver the […]

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