Thursday 22 February 2018
 
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Limak wins $831m funding for Kuwait airport work

Turkey-based Limak Holding said it has secured a KD249.2 million ($831.3 million) syndicated loan facility from National Bank of Kuwait and Kuwait Finance House for the construction of a new terminal at Kuwait International Airport. Limak Holding and local construction firm Khara

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Abu Dhabi, Singapore sign 9 utility project deals

Abu Dhabi government and Singapore have signed nine MoUs, in power and water sector, to facilitate development of joint projects in knowledge sharing, joint research and technology transfer in power and water sectors, said a report. Singaporean authorities will also assist in set

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CBRE boosts Middle East building consultancy team

CBRE, the global real estate consulting firm, has announced a new appointment - Daniel Hardwick - in its Middle East Building Consultancy team. Hardwick has been named the head of CBRE Middle East’s Building Consultancy team and will be responsible for all elements of proje

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GCC construction market 'witnessing solid growth'

The GCC region's construction sector boasts a robust pipeline of projects currently in the planning stages, thus indicating there is still demand for construction projects, said a report by leading consultancy and advisory firm Deloitte. These projects are mainly driven by so

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Gulf Property Show search engine goes live

A dedicated property search engine linked to Gulf Property Show, the boutique showcase for the real estate and property development sectors in the Northern Gulf region, is now online, said the event organisers. Gulf Property Show will be held under the patronage of Bahrain's

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RTA unveils prototype of Hyperloop design in Dubai

Dubai's Roads and Transport Authority (RTA) has unveiled the prototype of the Hyperloop for the first time in the world, in collaboration with Virgin Hyperloop One, a US-based start-up developing super high-speed transportation systems, at the ongoing UAE Innovation Month.  

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Over 64,000 hotel rooms to open in Saudi Arabia

Saudi Arabia has more than 64,000 rooms across the three phases of the hotel development pipeline, representing 76 per cent of the more than 84,500 existing hotel rooms in the country, according to data from STR. As shown in STR’s January Pipeline Report, there are 187 hote

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Saudi real estate financing to hit $133bn by 2020

The Saudi real estate financing sector has been witnessing a major surge over the last few years with the figure likely to hit SR502 billion ($133 billion) by 2020 from the current SR290 billion, said a report citing top experts at a real estate workshop in Riyadh. The workshop w

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Emirates NBD inks Unec's Dubai project finance deal

Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira Mall project. The la

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ASGC completes 20pc work on Emaar's Harbour Views

ASGC, one of the leading construction groups in the UAE, said it has achieved a major milestone on the Harbour Views project by Emaar in Dubai Creek Harbour with the raft to the eighth-floor level completed on time and achieving 20 per cent of overall progress in the construction of the two hig

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