News

Phase one of Bahrain Water Garden City completed

Phase one of Bahrain Water Garden City completed

14/09/17

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 wins contract for Masdar City project

Six Construct wins contract for Masdar City project

14/09/17

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 […]

New $2.2bn masterplan unveiled for Dubai's MotorCity

New $2.2bn masterplan unveiled for Dubai’s MotorCity

14/09/17

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 […]

Revealed: Abu Dhabi's new $650m waterfront project

Revealed: Abu Dhabi’s new $650m waterfront project

14/09/17

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 […]

$32bn worth of projects being tendered in the Middle East

$32bn worth of projects being tendered in the Middle East

14/09/17

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 […]

GCC's top 20 construction firms disclose H1 2017 financials

GCC’s top 20 construction firms disclose H1 2017 financials

24/08/17

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, […]

Dubai to set up $1.5bn hi-tech food park

Dubai to set up $1.5bn hi-tech food park

24/08/17

Dubai is set to build a giant food park on a 48-million-sq-ft area near the Expo 2020 site at an estimated cost of Dh5.5 billion ($1.5 billion). The first-of-its-kind project is aimed at boosting the emirate’s status as a regional hub for the food sector. A modern and integrated facility that provides all food-related services […]

Al Naboodah wins Creekside 18 waterfront project contract

Al Naboodah wins Creekside 18 waterfront project contract

24/08/17

Al Naboodah Construction Group, part of Al Naboodah Group Enterprises, has been awarded the contract for Creekside 18, a waterfront residential project in Dubai Creek Harbour being developed by Emaar Properties in a joint venture with Dubai Holding. The contract includes construction of two 37-storey residential towers, each with residential units, technical floors, penthouses and […]

Arabtec picked for pavilion

Arabtec picked for pavilion

24/08/17

Arabtec Construction will build the UAE’s national pavilion, which will be the main platform at Expo 2020. Arabtec Construction, a wholly-owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion for the Expo 2020 Dubai, the first mega-event of its kind in the Middle East, Africa and South Asia […]

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, […]

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