Archive for June, 2017

IHG inks 10-year deal to build and operate hotels in Kuwait

IHG inks 10-year deal to build and operate hotels in Kuwait

29/06/17

InterContinental Hotel Group (IHG) has signed a 10-year agreement with Bukhamseen Group Holding Company to build and operate hotels in Kuwait.  According to the agreement, Bukhamseen Group has been granted country-wide exclusivity for six IHG brands, including InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn, Holiday Inn Resort, Holiday Inn Express, and Staybridge Suites. IHG currently operates the Crowne Plaza Al Thuraya City, […]

2017 Construction Week Power 100: Who made the cut?

2017 Construction Week Power 100: Who made the cut?

29/06/17

Welcome to the eighth Construction Week Power 100, our annual ranking of the most influential individuals currently working within the Middle East’s construction sector. This special edition of the magazine has now firmly established itself as a celebration of those with most influence over how the region’s landscape is reshaped. Few would deny that it’s been another difficult […]

Infrastructure work at Dubai's $136m Palisades project underway

Infrastructure work at Dubai’s $136m Palisades project underway

29/06/17

Dubai Investments has announced that the infrastructure development of The Palisades project in Dubai Investments Park (DIP) is underway. The AED600 million ($163 million) mixed-use project is spread across 13 million square feet with a total built-up area of approximately 22 million square feet and offers a range of residential, retail, office and recreational attractions. […]

Damac to develop $1bn tourist port in Oman

Damac to develop $1bn tourist port in Oman

29/06/17

Dubai’s Damac International has been chosen by the Government of Oman to develop its Port Sultan Qaboos into a $1 billion mixed-use destination through a joint venture with Omran, the government’s investment, growth and development arm. ‘Mina Sultan Qaboos Waterfront’ is set to be redeveloped into an integrated tourist port and lifestyle destination that includes […]

Saudi, Bahrain plan new road and railway causeway

Saudi, Bahrain plan new road and railway causeway

22/06/17

A new road and rail causeway between Saudi Arabia and Bahrain is being planned to ease congestion on the existing King Fahd causeway. The King Hamad Causeway is expected to cost $4bn to $5bn to build and will be funded using the public private partnership (PPP) model, according to Reuters sources. The project was announced […]

Oman's $6.7m construction and FM deals revealed

Oman’s $6.7m construction and FM deals revealed

22/06/17

Oman’s Tender Board awarded contracts worth $172m (OMR66.2m) at its sixth meeting for the year, including deals for construction, architectural engineering, consultancy, and facility management (FM) services. Building-related contracts worth $6.7m (OMR2.6m) were awarded as part of the total value, a bulk of which included contracts in other economic sectors, such as healthcare, telecommunications, and education. The following pages […]

Dubai's Damac picked to develop $1bn Oman waterfront project

Dubai’s Damac picked to develop $1bn Oman waterfront project

22/06/17

Dubai-based Damac Properties has been chosen by the Government of Oman to develop its $1 billion Port Sultan Qaboos waterfront project through a joint venture with Omran, the government’s investment, growth and development arm. Mina Sultan Qaboos Waterfront is being redeveloped into an integrated tourist port and lifestyle destination that includes hotels, residences, as well […]

Abu Dhabi says to upgrade Middle East's longest tunnel

Abu Dhabi says to upgrade Middle East’s longest tunnel

22/06/17

Abu Dhabi City Municipality has announced details of improvement works to be carried out on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at a cost of AED109 million. The project will see the upgrade of new entry and exit points for the tunnel and significant improvements to junctions with other streets, as part […]

Jeddah's new airport on track to start operations in Q1 2018

Jeddah’s new airport on track to start operations in Q1 2018

08/06/17

Jeddah’s $7.2bn (SR27bn) King Abdulaziz International Airport (KAIA) will start experimental operations in the beginning of next year. The first phase of the KAIA expansion will handle 30 million passengers per annum and is currently employing 21,000 engineers and workers from 110 companies, Construction Week reports. The new airport will have one of the tallest […]

Musanada to hand over Al Hayer development in 2019

Musanada to hand over Al Hayer development in 2019

08/06/17

The Al Hayer residential project in Al Ain will be handed over early in 2019, according to a statement made by Abu Dhabi-based Musanada. The project is an integrated housing development, and has earned a 2-pearl rating by the Abu Dhabi Urban Planning Council (UPC). The project is said to be a part of Musanada’s […]

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