Saturday 29 August 2015

Saudi escalator market set for 7pc growth

Growing construction industry, high rise buildings and expansion of public and private infrastructure will boost Saudi Arabia’s elevators and escalators market to grow at a CAGR of 7.2 per cent during 2015-21, a report said. Surging demand and increasing competition is resu


Qatar's construction chemicals market to grow at 13pc

The market for construction chemicals in Qatar is forecast to grow at a compound annual growth rate (CAGR) of around 13 per cent from 2015 to 2020, according to a recently released TechSci Research report. TechSci Research, a market research and consulting service provider, unvei


GCC contract awards to hit $194bn this year

The value of contract awards in the GCC could reach $194 billion this year, a decline of about $2 billion from last year, said a report released ahead of The Big 5, an international building and construction show to be held in Dubai, UAE, in November. The report, titled GCC Const


RSG to deliver Dubai homes ahead of schedule

RSG International, a top real developer in the region, has announced that its Dh450-million ($122.4 million) Qasr Sabah, a premium residential project in Dubai, UAE, is ready for handover starting September, 86 days ahead of schedule. Comprising of three buildings with 402 apartme


Dubai RTA on track with dualisation of 12-km road

The Road and Transport Authority (RTA) of Dubai, UAE, has announced that the dualisation of the 12-km-long Seih Assalam Road has reached 40 per cent completion and the project is set for opening next December. The scope of works under this phase extends from Bab Al Shams Hotel an


Faithful+Gould wins cost consultancy deal in Abu Dhabi

Leading regional development company Gulf Related has appointed Faithful+Gould to provide cost management services for Phase One of the $1.5-billion Al Maryah Central development, located on Al Maryah Island, Abu Dhabi, UAE.   The 3.1-million-sq-ft mixed-us


Hawrat Sanad Housing Project 'on track'

Bahrain is set to implement the third phase of the Hawrat Sanad projects, which includes the construction of 50 housing units, according to a report.   The units will be of the most common model (T3M), with an area of 209 sq m spread over two floors and each com


Turkey sees boom in hotel construction

Hotel construction in Turkey is at an all-time high with 75 projects and 12,968 new rooms in the pipeline, a new report has revealed. The report, by leading global hotel projects database Tophotelprojects, comes on the back of a 70 per cent increase in interest from Turkish manufacture


Sharjah Oasis to launch Waterfront City

Sharjah Oasis Real Estate Development, a rising real estate developer in the region, is set to officially launch its most iconic project – Sharjah Waterfront City – at the upcoming Cityscape Global, a major property showcase in Dubai, UAE. Sharjah Waterfront City aims


$45m wind farm to be built in Iran

A 48 MW wind farm is set to constructed in Iran's southwestern province of Khuzestan by a German-Iranian firm, according to a report.   The firm seeks to launch the scheme which will require a total investmnet of about €40 million ($45.9 million), Frank

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