Tuesday 31 March 2015

Al Shafar wins big UAE national museum contract

Al Shafar General Contracting Company (ASGC), a leading UAE construction group, said it has been awarded a Dh488-million ($132 million) contract by the Roads and Transport Authority (RTA) to build the Union Museum in Dubai.   This new museum will chronicle the history of the


Jabal Omar sells key Makkah residential units

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it had sold residential units worth SR70.1 million ($18.7 million). The company had earlier announced plans to hold an auction to sell some villas and residential units


Oman inks $259m deals for new internal roads

Oman’s Ministry of Regional Municipalities, Environment and Water Resources has signed agreements worth more than RO100 million ($259 million) for paving a number of internal roads in the sultanate, a report said. The contracts include the construction of 925-km-long roads


Alijarah, ITOC ink deal to develop industrial land

Alijarah Holding, a leading Qatari shareholding company, and ITOC have signed an agreement to develop a 100,000-sq-m plot of land at Industrial Area in Doha, said a report. With this, Alijarah will bolster its capacity by providing support services to its subordinating companies,


$15.7m Muharraq market plan may be shelved

A contract to build a new BD6-million ($15.7 million) central market in Muharraq could be deemed null and void after Bahrain’s Works, Municipalities and Urban Planning Affairs Minister Essam Khalaf referred it to the Legalisation and Legal Opinion Commission. The decision w


Saudi Arabia gears up for construction machinery show

The Construction Machinery Show 2015, a dedicated event for heavy machinery and construction equipment in the GCC region, returns to Saudi Arabia with a much stronger showcase as it gets under way tomorrow in Dammam, in the Eastern Province of the kingdom. The show to be held fro


Lootah readies new payment plans for Dubai project

Lootah Real Estate Development, a Dubai-based high-end developer, has announced competitive payment plans for both UAE nationals and expatriates for its Shamal Terraces and Residences project. Ideally located in Jumeirah Village South in Dubai’s new growth corridor, Shamal


Dubai Properties set for top real estate show

Dubai Properties, leading real estate developer, will be announcing attractive offers for its extensive project portfolio at the International Property Show which opens tomorrow (March 30).   Its four prominent developments within the emirate - Mudon, Remraam, Dubai Wharf an


Abu Dhabi property rents, price stable in Q1

Property leasing and selling prices remained relatively stable in Abu Dhabi, UAE, for the first quarter of 2015, according to a report. The trend is in anticipation of the awarding of mega projects in Abu Dhabi and Dubai which are expected to attract more professional human resou


Malaysia's Eversendai wins Riyadh Metro deal

Malaysia-based Eversendai Corp, an engineering and construction company, said it has won a contract from Saudi Arabia to carry out the steel works and cladding for lines 1 and 2 of the Riyadh Metro stations. A major player in landmark projects across Southeast Asia and the Middle

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