Thursday 21 August 2014

Nakheel awards Jumeirah Islands townhouses contract

Nakheel has awarded a contract worth over Dh146 million ($39.73 million) for the construction of 84 townhouses and a new retail centre at its high-end Jumeirah Islands community in Dubai. The developer has appointed UAE-based Metac General Contracting to build the new homes and e


Saudi imports $199m worth of cement

Saudi Arabia has imported 3.1 million tonnes of cement worth SR750 million ($199.9 million) in the past nine months, said a report. A financial report data released by the Customs Department said that the rise in cement imports is due to the increased pace of project implementati


JBR traffic diversion for Dubai tram project

Dubai’s Roads and Transport Authority (RTA) is currently executing the last traffic diversion on Jumeirah Beach Residence (JBR) Street, Dubai Marina as part of the ongoing works of Dubai tram project scheduled to operate next November. The 1km-long diversion, which will last for


Qatar’s Ashghal slammed over 'project delays'

Qatar’s Public Works Authority’s Ashghal, a system of awarding one project to one contractor and waiting for its completion to award another project to another contractor, has been slammed, as it causes unnecessary delays, said a report. The delays in infrastructure p


Asry signs key desalination plant project deal

Arab Shipbuilding & Repair Yard Company (Asry), a leading ship and rig repair yard in the Arabian Gulf, has agreed a build-operate-transfer (BOT) contract for the completion and upgrading of a reverse osmosis seawater desalination plant. The agreement, which has an estimated


Nakheel to repay entire $2.15bn debt 4 years early

Dubai property developer Nakheel is repaying all of its Dh7.9 billion ($2.15 billion) of bank debt as much as four years ahead of schedule, the company said in a statement on Wednesday. The final instalment of the debt was to have come due in March 2018. Nakheel originally announ


Saudi firms sign deal for ‘Studio M’ hotel in Riyadh

Saudi Arabia's Waseel Properties and Raseel Properties have signed a deal with Millennium & Copthorne Hotels Middle East and Africa (MEA) to develop a 145-key hotel in Riyadh. Millennium & Copthorne Hotels will launch its first Studio M brand in the Middle East with the hot


WSP wins key Oman airport facilities contracts

UK-based consultant WSP has been appointed by international contractor J&P Overseas and Oman’s Ministry of Transport and Communication to work on two major airport facilities in Oman. The projects include the maintenance and cargo facilities at the Muscat International Airpor


KAEC to build new link road to railway station

King Abdullah Economic City (KAEC) has signed a contract to develop the initial phase of a road that will connect the Haramain inner-city railway station with the Business Park at Bay La Sun district and KAEC residential communities. The SR15 million ($4 million) contract was sig


HOK to acquires sports facilities design firm

US-based HOK, a global architecture and engineering firm, has announced an agreement to acquire award-winning sports facility design firm 360 Architecture, which designed Basrah Sports City in Iraq among other high-profile projects. 360 Architecture is one of the world’s le

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