Friday 11 July 2014

Qatar to invest $182bn in development projects

Qatar has budgetary provisions to invest over $182 billion in various developmental projects over the next five years, which does not include oil and gas projects and private sector investments, said a report.   This year’s budget will not only comply with


Naseej launches tier three of key project in Bahrain

Bahrain-based developer Naseej has launched the sales of tier three of the Al Madina Al Shamaliya (North Bahrain New Town) housing development. This new community offers Bahrainis exceptional value in terms of the location (beachfront setting), quality of construction (built by Cebar


Housing programmes ‘driving Saudi property sector’

Housing programmes launched by Saudi Arabia’s Ministry of Housing and the positive outlook for real estate financing remain key drivers of the kingdom’s real estate market, said an industry expert. “The sector continues to be the best performing sector in the TA


EC Harris names key Jeddah appointment

EC Harris, an Arcadis company and built asset consultancy firm, has appointed Hisham Malaika as the new city executive to lead the Big Urban Client (BUC) program in Jeddah, Saudi Arabia. In his new role, Malaika will work closely with the Middle East leadership team to strengthen


ME investors buying prime London property

More and more investors from the Middle Eastern region are buying residential properties in prime areas of Central London, according to JLL, a leading real estate investment and advisory firm. International residential developers are expected to increase their pipeline significan


Petrofac wins $700m Kuwait Oil contract

British oil and gas services group Petrofac said it secured a $700 million contract from Kuwait Oil Company for a gathering centre, which is located north of Kuwait City. The project, which includes engineering, procurement, construction, pre-commissioning and commissioning of GC


Abu Dhabi developer inks home finance deal

Saadiyat Development and Investment Company has signed a customer home finance deal with Al Hilal Bank for its upcoming villa project in Abu Dhabi. The Hidd Al Saadiyat residential community covers 1.5 million sq m with 7 km of beaches on Saadiyat Island, the cultural district of


Qatar light rail transport work on track

Qatar Rail said that it had completed the excavation works for the upcoming underground stations at Lusail besides the bridge at Al Khor Highway as part of its Light Rail Transport (LRT) project. The project, which will be cater to the Lusail new city, comprises four operating li


Tabreed wins $286m cooling services contract

UAE's Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth 1.05 billion dirhams ($285.9 million), the firm said on Thursday. The 30-year contract involves buying the existing district cooling provider to Al Mar


Dubai expo lines up best in commercial design

The second edition of Downtown Design, the exclusive hub featuring the best in global commercial design, will kick off in Dubai this October featuring a breath-taking, curated collection of the world’s most influential brands alongside an exciting program of activities tailored to the fai

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