Monday 22 July 2019

Prime Deyaar residential projects set for 2019 handover

UAE-based Deyaar Development said work is nearing completion on two of its prime family-friendly community projects - Afnan and Dania - within its Midtown community development in Dubai and is  set for delivery later this year. A family-friendly Midtown community has a const


Edamah signs up Naseef Cafe as new Sa’ada West tenant

Bahrain Real Estate Investment Company (Edamah), the property arm of the kingdom's sovereign wealth fund, has recently signed a lease deal with its first anchor tenant, Naseef Café, for its Sa’ada West Waterfront mixed-use development. The Sa’ada project, i


Bahrain's sanitary stations revamp work on track

Steady progress is being made on the work related to the revamping of secondary sanitary water pumping stations and is expected to be completed next month. The BD1.03-million ($2.71 million) project will see the upgradation of more than 37 pumping stations across the kingdom, sai


Salalah Free Zone inks deal to build $2.5bn refinery

Oman-based Salalah Free Zone (SFZ) has signed a usufruct agreement for the construction of a refinery project in the sultanate at a total investment of $2.5 billion, said a report. On completion, the refinery will boast a production capacity of 150,000 barrels per day, reported t


Abu Dhabi Airports conducts ORAT tests at new terminal

Abu Dhabi Airports recently conducted an intermediate full operational trial of the Midfield Terminal Complex (MTC), as a part of the continuing development of the state-of-the-art terminal complex at the Abu Dhabi International Airport, and the ongoing Operational Readiness and Airport Transfe


Saipem plans floating offshore wind farm in Saudi Arabia

Saipem has signed a memorandum of understanding with Plambeck Emirates, a solutions company in the field of renewables based in Abu Dhabi, and an exclusive agreement for the development and construction of a floating offshore wind farm.    The project phase


Kuwait's real estate sales value surges to $6bn in H1

Kuwait's real estate sales value for the first six months surged to hit KD1.88 billion ($6.1 billion) on the back of 3,539 transactions compared to 2,973 deals last year, said a report by Kuwait International Bank (KIB). The improvement in the market performance was mainly su


Jeddah homes market ‘driven by govt initiatives’

Government initiatives continue to boost Jeddah’s residential market, with increasing deliveries of residential units targeting lower and middle-income segments, said real estate services company CBRE in a new report. Notable projects meeting a demand for smaller and more a


UAE pavilion at Expo 2019 Beijing among top 5

The UAE Pavilion has been selected among the five best out of 110 pavilions at the "International Horticultural Exhibition 2019'' in Beijing, China, a media report said. With more than 110 countries and international organisations present, the Expo 2019 Beijing, whic


Mideast's first Thai-inspired mall to open in Bahrain in Q4

Vega ThaiMart has signed up Crown Electro-Mechanical Services as the main contractor for its ambitious project, ThaiMart, a first-of-its-kind Thai-Inspired shopping destination within Diyar Al Muharraq development in Bahrain.   Showcasing Thailand’s authen

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