Tuesday 28 March 2017
 
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Engineering Contracting Company posts 8pc growth

Engineering Contracting Company (ECC), a leading civil engineering and construction company in the UAE, has registered eight per cent growth in 2016 despite the slowdown in the market. ECC’s positive annual growth figures are largely due to its delivery, reputation and stro

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Apicorp buys key stake in Saudi utility project

Acwa Power, a Saudi-based developer, owner and operator of independent power generation and water desalination plants, and Arab Petroleum Investments Corporation (Apicorp) have signed a sale and purchase agreement for an eight per cent effective stake in Shuqaiq Independent Water and Power Proj

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Kuwait's Alargan posts 37pc jump in revenue

Alargan, a leading real estate company based in Kuwait, has reported revenues of KD26.8 million ($88.4 million) for 2016, marking an increase of 37 per cent compared to KD19.5 million ($64.3 million) the prevous year. Announcing the 2016 results, the Kuwaiti real estate firm said

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$480m development projects under way in Saudi Arabia

The Saudi government is presently working on development projects worth more than SR1.8 billion ($480 million) at Al Leith and Adham in the western region, said a report. The ongoing projects in Al Leith include the construction of transformer station besides the building, repair

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Dewa hosts solar park Phase Four prequalifiers

Dubai Electricity and Water Authority (Dewa) hosted a conference for international developers who have been qualified to submit tenders for the 200 MW concentrated solar power (CSP) plant based on the independent power producer (IPP) model. The plant is the fourth phase of the Mo

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Azizi signs up for International Property Show 2017

Azizi Developments, a leading UAE-based real estate developer, has announced its sponsorship for the 13th edition of the International Property Show 2017 to be held next month in Dubai, UAE. As a key sponsor, Azizi Developments will also showcase its serviced and residential apar

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UAE boosts Expo 2020 infrastructure spending

The UAE is expected to boost its expenditure this year, primarily in areas of infrastructure and developmental enterprises, reported state news agency Wam, citing a real estate expert. Amid the ongoing preparations for Expo 2020 Dubai, the current real estate and tourism investme

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Saudi Arabia gears up for giant construction expo

The Big 5 Saudi, the largest and fastest growing construction show in the kingdom, kicks off in Jeddah tomorrow (March 27) with more than 500 exhibitors from 20 countries across the globe taking part.   Running until March 30, The Big 5 Saudi 2017 will showcase the most innov

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Alara signs Oman copper concentrate supply contract

Alara Resources, an Australian minerals exploration company with a portfolio of projects in Saudi Arabia and Oman, said its local units has signed an off-take agreement for the supply of copper concentrate from the Al Hadeetha Project, Washihi Reserve . As per the agreement signe

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$27bn fund to accelerate Dubai's ‘green’ ambitions

Dubai Supreme Council of Energy at a key meeting reviewed the progress of its key initiatives that support the UAE Vision 2021 and the Dubai Plan 2021 and its objective to create a clean, healthy and sustainable environment, and help Dubai attain a green economy, said a report. S

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