Saudi Arabia’s Vision 2030 has resulted in close to $1 trillion of real estate and infrastructure projects being announced across the kingdom since 2016, according to new research. Analysis carried out by property consultant, Knight Frank, revealed that nearly $300 billion of the total spend is dedicated to new infrastructure, including vast new passenger rail […]
hen it comes to innovation, one always thinks about the rise of future mechanics and inventions–a new world dominated by high-tech cogs and machinery. But it should be a primary thought that truly effective innovation brings a rainbow of ideas together, making a powerful hybrid piece that’s adaptable to a future where nature and technology […]
TBM Charlotte, named after suffragist Charlotte Despard, is digging the Frogmore Connection Tunnel from Wandsworth to Fulham as part of the 25km Thames Tideway Tunnel project to protect the River Thames from sewage pollution. She is working for the BMB joint venture of BAM Nuttall, Morgan Sindall and Balfour Beatty that is constructing the western […]
Willmott Dixon has won the starring role to deliver a £13m project to create Daventry’s new Mulberry Place Cinema complex. The project, for Daventry District Council, will see the former library buildings off North Street demolished to make way for a four-screen cinema complex that has restaurants, a public square and splash fountains. Procured through […]
Phase one of the Water Garden City project in Bahrain has been completed, as per a statement from Al Bilad Real Estate Investment Company. Al Bilad is the master developer of the project, which is said to offer ‘promising opportunities’ for those wishing to invest in real estate in the country. Phase one includes the […]
Six Construct says it has won a contract to design and build a new project in Masdar City, Abu Dhabi’s sustainable city. The Masdar Institute Neighbourhood project, set to span 56,200 square meters, is currently in the detail design phase, and will be completed in 30 months, according to a statement. Masdar Institute Neighbourhood is […]
Union Properties (UPP) on Monday announced a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED8 billion ($2.18 billion). The developer also said it has signed an agreement with China State Construction Engineering Corporation (CSCEC) to build the new mega development. It added in a statement that […]
Aldar Properties has announced the launch of Water’s Edge, a new waterfront development on Abu Dhabi’s Yas Island. With prices starting from AED480,000, Aldar will release one building for sale at Cityscape Global in Dubai next week, the developer said in a statement. Aldar said Water’s Edge is a AED2.4 billion ($650 million), 2,255 home […]
About $32bn worth of large-scale urban construction projects are now being tendered in the Middle East, according to the Arab-Brazilian Chamber of Commerce (ABCC). A report by the BNC Network revealed that a total of 801 urban construction projects with a combined value of $32bn are currently being tendered in the region. The report also forecasts […]
Numerous GCC-based construction companies have revealed their financials over the last few weeks. Developers and contractors listed on regional stock markets, such as Tadawul, Muscat Securities Market, Dubai Financial Market, and Boursa Kuwait, also revealed their operational plans for the year ahead. Notable financial disclosures about first-half performances have been made by Bahrain’s Seef Properties, the UAE’s Depa, […]