Thursday 27 October 2016

$544m Dubai Water Canal set for November launch

Dubai Water Canal, a Dh2-billion ($544 million) tourist landmark development offering a new lifestyle pattern in the heart of the city, is on track for opening next month with the work on the mega project nearing completion, said a report. In what is being seen as a significant d


Terex adds Manlift to Qatar distribution network

Terex Equipment Middle East, a global manufacturer of lifting and material processing products, has boosted its sales and service local coverage for Genie products in Qatar by adding Manlift Qatar to its existing distributors’ network. As per the agreement, Manlift Qatar wi


Tamdeen leases 70pc retail space at new Kuwait mall

Tamdeen Group, a leading mixed-use property developer in Kuwait, has reported that 70 per cent of the retail spaces has been leased out at its super-regional shopping destination, Al Kout Mall. The Kuwaiti developer plans to have 260 stores in the new mall, which is part of the o


Qatar UDC revenues soar to $356m in Q3

Qatar-based United Development Company (UDC) said its revenues surged to QR1.3 billion ($356 million) in the third quarter, up seven per cent over the same period last year despite the overall challenges affecting the real estate market.   Announcing the results, UDC said its


Dubai solar park Phase II construction on track

Shuaa Energy 1, the primary investor and developer for the second phase of the Mohammad bin Rashid Solar Park in Dubai, said it has crossed the 50 per cent threshold for construction of the project. Once complete, the second phase will supply Dubai with an additional 200 MW of so


Oman engineering firm buys first mini-excavators

Oman National Engineering & Investment Company (Oneic) said it has become the first in the sultanate to buy 20 new E20 compact excavators manufactured by Bobcat, a leading brand of farm and construction equipment. The company took delivery of the first mini-excavator from Internati


RAK housing project 'a big hit among EU investors'

Al Hamra Real Estate Development, a leading developer in Ras Al Khaimah, UAE, said a total of 99 nationalities, led by British, German, Indian and Russian investors have chosen the northern emirate’s popular Al Hamra Village community as a prime investment location and residential destina


Swissport, Al Jarwani Group form key JV

Swissport International and leading Omani developer Al Jarwani Group have signed a joint venture agreement to establish an airport ground handling services firm under the name of Swissport Oman to cater to Muscat International Airport. The agreement was signed by Sheikh Mahmoud A


Construction to begin on Gate Avenue at DIFC

Construction will shortly begin on the Gate Avenue at DIFC, the new urban cultural and entertainment development at the Dubai International Financial Centre that promises to change the face of urban space and living in Dubai, UAE. Habtoor Leighton Group (HLG), a leading specialis


French group Cemom unveils major Big 5 plans

Cemom, a French hinge specialist, will be showcasing its innovative products at The Big 5 show which kicks off on November 21 in Dubai, UAE. Founded in 1977, the Cemom Moatti is a group with a wide range of activities, including production subsidiaries in Poland, Sweden and Franc

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