News

Unipart Rail, Arabian Railway to form Saudi JV

Unipart Rail, Arabian Railway to form Saudi JV

16/03/17

Vast opportunities for two companies given the size and scale of rail projects in the kingdom   Unipart Rail, a supplier to the global rail industry, and Arabian Railway Company, a Saudi Arabia-based services company, are set to form a joint venture focused on the kingdom. A memorandum of understanding was signed between the two […]

Dubai’s DEWA plans 97 new substations worth $2.7bn

Dubai’s DEWA plans 97 new substations worth $2.7bn

09/03/17

The 132/11kV substations are designed to meet future energy demand, says local utilities provider. The Dubai Electricity and Water Authority (DEWA) said it plans to build 97 new 132/11 kilovolt (kV) substations over the next three years, at a projected cost of AED 10 billion ($2.7bn). The new substations will be located at Hassyan, the […]

Dubai unveils plan to develop city's largest public park

Dubai unveils plan to develop city’s largest public park

09/03/17

Dubai Holding, the global investment holding company, has signed an agreement with Dubai Municipality to develop the largest public park in the emirate. Stretching across an area of 1,430,000 sq m in Dubailand, the park will act as a “new destination for residents and tourists and provide a vibrant, natural environment, encouraging individuals to lead […]

$4.4bn to be invested in new Saudi city

$4.4bn to be invested in new Saudi city

09/03/17

State-owned oil giant Saudi Aramco sees investment in a new energy industrial city in Saudi Arabia to be 16.5 billion riyals ($4.4 billion), a senior Aramco official said on Tuesday. Close to Abqaiq in eastern Saudi Arabia, the city will develop energy-related industries. Speaking at a conference in Bahrain, Abdulaziz al-Abdulkarim, vice president for procurement […]

Saudi Arabia sets up first venture with private firm to build homes

Saudi Arabia sets up first venture with private firm to build homes

09/03/17

Saudi Arabia’s Ministry of Housing has set up a 98 million riyal ($26 million) partnership with a private developer to build 462 housing units in the east of the capital, it said on Tuesday. It is the ministry’s first public-private partnership and could become a model for the kingdom’s home construction plans, which aim to […]

Construction of Dubai Expo themed districts to start 'by end of March'

Construction of Dubai Expo themed districts to start ‘by end of March’

09/03/17

Construction work of Dubai Expo 2020’s three main themed districts will start by the end of March following the award of a $600 million contract to Al Futtaim Carillion. The main contractor for the site of the mega event said it is now mobilising and will be “starting work before the end of March”. The […]

RAK Properties signs $3m works contract for resort

RAK Properties signs $3m works contract for resort

09/03/17

RAK Properties, Ras Al Khaimah’s largest listed property developer on the Abu Dhabi Stock Exchange, has announced the signing of a $3.13 million enabling works contract with Al Nuaimi Group for an upcoming hospitality project in the emirate. Operated under the InterContinental Hotels Group’s luxury brand, the InterContinental Ras Al Khaimah Mina Al Arab Resort […]

Omani, Spanish firms to build $62m specialist hospital

Omani, Spanish firms to build $62m specialist hospital

09/03/17

Project will include space for further expansion to a 100-bed facility from the current planned 70-bed capacity. A joint venture between Omani and Spanish firms plans to set up a 70-bed, high-end, super-speciality hospital in Oman, with an investment of $62.33 million, it has been announced. A report in the Oman Daily Observer said that […]

Hyperloop ‘aims to start UAE works by 2019’

Hyperloop ‘aims to start UAE works by 2019’

09/03/17

Regulatory framework likely to be in place by 2018, meaning construction of high-speed transport link could begin – report. Hyperloop One, the US tech start-up that is developing a high-speed transit system for the United Arab Emirates, has said that it is aiming to secure regulatory approval that will allow it to start production within […]

Abu Dhabi airport’s Midfield Terminal opening pushed back

Abu Dhabi airport’s Midfield Terminal opening pushed back

09/03/17

No reason given for delay of complicated airport project, which will now open in 2019. The opening of Abu Dhabi airport’s $2.94 billion Midfield Terminal has been pushed back to 2019, a senior official has said. The building had already been delayed by around five months until December 2017. Sheikh Hazza bin Zayed, the deputy […]

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