Friday 29 May 2015

Meydan Sobha Dubai villa project on track

Meydan Sobha, a joint venture between race track developer Meydan and leading real estate company Sobha group, said the construction on its Mohammed Bin Rashid Al Maktoum City – District One project remains on target, with the first phase villas scheduled for a mid-2016 handover.  


Tabreed supplies chilled water to Abu Dhabi tower

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has commenced the supply of chilled water to the Al Hilal Bank tower on Abu Dhabi’s Al Maryah Island. Tabreed, which acquired the Al Maryah Island district cooling plant


Urban planners to discuss Mena public transport

Urban planners from across the Middle East and North Africa (Mena) region will assemble in Dubai, UAE, next week to address key public transport system issues and examine potential sustainability plans to enhance the competitiveness of the regional transport sector. Starting on S


Dubai Properties releases more housing units for sale

Dubai Properties, a leading real estate developer, has released additional units at its recently-launched residential tower at Dubai Wharf, a multimillion-dirham mixed-use project in the heart of Dubai Creek in Dubai, UAE. The new tower is part of Dubai Wharf’s four-tower m


Saudi Binladin plans up to $265m sukuk

Saudi Binladin Group (SBG) has begun marketing a 364-day sukuk issue to local investors in the kingdom which could raise up to SR1 billion ($265 million) for the construction firm, sources aware of the matter said on Thursday. The transaction is being managed by BNP Paribas'


Sedco Capital seals $146m US property deal

Sedco Capital, a leading asset manager based in Saudi Arabia, has signed three real estate deals  in the US worth $145.5 million as part of the firm’s strategy to invest in high-quality assets and investment opportunities across the globe. Commenting on the deals, CEO


Tasweek eyeing smart city projects in India

UAE-based Tasweek Real Estate Development and Marketing has announced that it is exploring the possibility of engaging in ‘smart city’ projects in India in collaboration with local partner Mams Holdings Group. Tasweek’s move follows Indian Prime Minister Narendra Modi


Pilosio wins Saudi mosque expansion contract

Pilosio, a leading European player in the production of scaffolding systems for the construction industry, said it has won a multi-million-dollar contract in Saudi Arabia to support the mammoth expansion project of Prophet's Mosque in Madinah. Pilosio said its shoring and for


GCC 'must continue to invest in social infrastructure'

Despite a projected slowdown in the GCC’s construction market, investments in key areas must press ahead to alleviate the fall in oil prices, said an expert at a major leadership summit in Dubai, UAE. "Even if oil prices remain low, there are certain areas that should


Nakheel expands lease space at Ibn Battuta Mall

Dubai-based developer Nakheel will launch another 766,000 sq ft of shop and restaurant space for lease at Ibn Battuta Mall - the world’s largest themed shopping mall - next Monday (June 1). The mall will feature an extra 600 retail, dining and entertainment outlets in its n

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