Saturday 20 October 2018

Jotun boosts presence in Middle East market

Jotun, a leading global supplier of paints and coatings, has announced plans to provide its products and services to 12 of the top 20 tallest buildings within the Middle East over the next two years.   A leading player in the region, Jotun, will be exhibiting at


Dubai 'offers highest potential price growth on residential property'

Competitive price of premium residential real estate in Dubai is underpinned by the huge potential for growth by the city - which means stronger appreciation and return on investment - as it continues to record sustained growth led by its firm economic fundamentals. In particular


Dewa awards main water pipeline project

Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 19.5km of main water pipelines, at a total cost of Dh131 million ($35.6 million) to connect different areas of Dubai including the Sheikh Mohammed bin Zayed Road, Emirates Road, Al Maktoum Inter


Cortec wins key Dubai lab certification

Dubai-based Cortec Middle East, a leading provider of corrosion protection technology, has received certification from the Dubai Central Laboratory Department (DCLD) to manufacture and supply MCI admixtures known as migrating corrosion inhibitors for concrete. Under the terms of


Saudi Arabia ranks second in road connectivity index

Saudi Arabia has been ranked second on the Road Connectivity Index, right after the US, in the World Economic Forum's (WEF) Global Competitiveness Report (GCR) 2018. Also the report indicated that kingdom was now positioned 30th worldwide on the Road Quality Index, advancing


Qatar UDC net profit down 13.7pc in Q3

United Development Company (UDC), a leading property developer in Qatar, has registered a net profit of QR416 million ($113 million) on revenues of QR1.5 billion for the first nine months down 13.7 per cent compared to QR482 million ($131 million) on revenues of QR1.5 billion for the same perio


FCC consortium wins extension to Riyadh Metro contract

The Fast Consortium, led by Spanish builder FCC, said it has been tasked with building a 1.5-km-long extension and adding two more new stations to Line 4 of the Riyadh Metro Project.  The consortium includes global majors Samsung (South Korea), Strukton (Netherlands), Alstom


Square Yards 'key player in UAE real estate market'

Global real estate aggregator, Square Yards, said it has emerged as one of the largest proptech players in the UAE with its gross transactional value (GTV) crossing over the Dh2-billion ($544 million) mark in the emirates. The company registered phenomenal growth in all three seg


Edamah inks tenancy deal with top restaurant group FFI

Edamah, the real estate arm of the Bahrain government, has signed an agreement with global restaurant company Food Fund International (FFI) to become a tenant in the kingdom's new BD7.6-million ($20.1 million) complex, The Terminal. FFI has developed a portfolio of well-known


Havelock AHI wins fit-out deal for Hilton Garden Inn Kuwait

Mabanee Company, a leading Kuwaiti developer and partner in innovative real estate projects, has appointed Havelock AHI for the interior fit-out of the Hilton Garden Inn. The award of the 400-key property is adding yet another notable credential to the growing hospitality project

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