Monday 27 April 2015

Dubai World Trade Centre set for major expansion

Dubai World Trade Centre (DWTC) has announced plans to build a 15,500 sq-m extension to its current indoor complex space in bid to capitalise on the double-digit growth in exhibitions sector and international business tourism. With this addition, the available multipurpose indoor


Bloom to build 40,000 housing units in Iraq

Bloom Properties, the real estate arm of the Abu Dhabi-based National Holding company, is planning to build a new town spanning over 20 sq km area and with 40,000 housing units distributed among four districts, said a report. The Shores of Karbala will be home to a population of


Qatari Diar to develop two new hotels in N. Africa

Major real estate group Qatari Diar, wholly-owned by the Qatari Investment Authority, has partnered with leading global hotel operator Minor Hotel Group (MHG) to develop two new Anantara resorts in North Africa, to open in 2017. Anantara Tozeur Resort is a new luxury escape being devel


Serbia seals deal with UAE firm for Belgrade makeover

Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi-billion-dollar, Dubai-style riverside development that has drawn fire from some Belgraders worried about the scale and cost of the project. Belgrade Waterfront marks the first foray into central and easte


Tasweek partners with Indian developer Mams

Abu Dhabi-based Tasweek Real Estate Development and Marketing has signed a MoU with India’s Mams Holdings Group an international development and construction firm, to mutually pursue business and investment opportunities in India, the UAE and the GCC.   As per the agre


UAE group EM Tech wins key ISO certification

Tech Group, a construction conglomerate headquartered in Ajman (UAE) said its mechanical, electrical and plumbing unit EM Tech has been awarded the ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 for implementing quality management systems, demonstrating environmental care and occupational s


Qatar UDC registers 8pc jump in Q1 profit

Qatar-based United Development Company (UDC) has registered a net profit of QR270 million ($74 million) for the first quarter, up eight per cent when compared to the same period last year. A leading Qatari shareholding companies and master developer of The Pearl-Qatar, UDC said i


Bahrain property association backs top industry expo

The Bahrain Property Development Association (BaPDA) has confirmed its continued support for the Gulf Property Show, which is now in its third edition. The event, being oranised by Hilal Conferences and Exhibitions (HCE), will take place at Bahrain International Exhibition and Co


Saudi PetroRabigh starts maintenance work on VDU unit

Saudi Arabia's PetroRabigh said that it had started unscheduled maintenance work on its vacuum distillation unit (VDU) that was expected to last until May 10.   The firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, said the effect


Bahrain’s retail sector thrives on upbeat market

The retail sector in Bahrain continues to thrive with newly delivered and upcoming developments announced in the past year, including destination malls such as The Avenues under construction opposite the Bahrain Bay on Manama Corniche and Seef Mall Muharraq which opened in the first quarter of

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