Tuesday 26 May 2015

Diyar Al Muharraq in Gulf Property Show success

Diyar Al Muharraq, one of the leading urban developers in Bahrain, received an overwhelming response for its upcoming projects from potential investors at the Gulf Property Show 2015 held recently in Manama. The company is developing Diyar Al Muharraq, a unique master planned cit


AlRajhi in deal to develop key Saudi project

AlRajhi United, a leading investment company in Saudi Arabia, said it has completed a land acquisition deal worth nearly SR600 million ($163 million) in Riyadh to develop one of the most distinguished projects in the kingdom. The development, which will come up on a land adjacent


$3.45 trillion projects 'in pipeline in Mideast'

Around $3.45 trillion worth of projects are in the design, bid or construction stage until 2025 in the GCC and the Middle East region, with the World Expo 2020 in Dubai and Fifa World Cup in Qatar providing a  boost to infrastructure spending in the region, a senior official has said.


Focus on opportunities in Saudi transport sector

Saudi Arabia's massive projects across the transport and service industry will come under the spotlight at a major event in Riyadh this month. The ‘Saudi Transport 2015’ exhibition from May 31 to June 3 at the Riyadh International Convention & Exhibition Cente


China plans 1,000 projects worth $318 billion

China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform Commission said the 1,043 pro


Samsung in deal to build polariser film plant in China

Samsung SDI Co, a leader in energy solutions and electronic materials, has signed a new contract to build up a polariser film plant in China, a move aimed at increasing its share in the crucial Chinese market. Namseong Cho, chief executive officer of Samsung SDI and Li Xiaomin, p


Egypt’s Palm Hills raises $212m in share issue

Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had completed a 1.62 billion Egyptian-pound ($213 million) share sale to fund growth. Palm Hills said in a statement 96.61 per cent of the rights issue had been taken up. – Reuters


Knauf insulation to reduce noise levels at Grand Mosque

Knauf Exeed Insulation has won a contract to provide insulation to reduce the noise levels at the Grand Mosque in Makkah, Saudi Arabia, as it undergoes extension. The reduction of noise levels will help to ensure a peaceful experience for the worshippers at the Grand Mosque, said


Workspace International wins big at Dubai Index

Leading interior design company Workspace International has won the People’s Choice Award in the 2015 Index Majlis Design Competition held in Dubai, UAE. The award was given to Workspace International for introducing its concept Ubique Majlis at the 2015 Index, a key trade


Two new trade shows for Saudi construction sector

Leading international exhibition and publishing company dmg events has launched two dedicated trade shows for Saudi Arabia's construction market. The HVACR Expo Saudi and Stone and Surface Saudi Expo will address the growing demand for stone products and heating, ventilation,

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