Sunday 26 April 2015

Dubai 'at the forefront of smart city evolution'

Dubai is at the forefront of the smart city evolution that is transforming the way in which the residents live and work in cities across the globe, said an industry expert. "By harnessing technology to implement smart systems across the city infrastructure, Dubai is well pos


Abu Dhabi property prices stable in Q1

The property prices in Abu Dhabi, UAE, remained relatively stable in the first quarter of 2015 even as there was a significant demand for affordable residential units, said a report. The real estate sector in the UAE capital saw a sedate start to the year with sales rates stabili


Bahrain plans to build more parking space

Bahrain plans to construct more parking spaces as part of its efforts to increase the capacity of roads, avenues and neighbourhoods in its various governorates and alleviate traffic congestion resulting from wrong parking, said a report. A total of 2,406 parking spaces were buil


Masdar starts work on UAE residential complex

Masdar, a major renewable energy company in Abu Dhabi, UAE, said it has started construction of a residential complex in Masdar City, the low-carbon, sustainable urban development in the emirate. This will help in meeting Abu Dhabi’s rising need for new residences as the em


Saudi to remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report. There are currently more than $2 tri


Turkey on course to becoming key player in golf resorts

Turkey is offering some of the best opportunities in Europe to invest in golf property, boosted by the launch this year of an initiative to grow its share of the golf tourism market, according to Spot Blue International Property. 

Integrated golf resort developments in Turkey have the


Pöyry wins key Oman power plant contract

Pöyry, a leading international consulting and engineering company, said it has been awarded the owner's engineer services assignment for the 120 MW Musandam Independent Power Plant Project (IPP) in Oman. The contract, awarded by Musandam Power Company, includes the desig


Merlin roped in to develop Dubai Legoland

Dubai Parks and Resorts, a subsidiary of top real estate investment company Meraas Holding, has joined hands with UK-based Merlin Entertainments, the world’s second-largest visitor attraction operator and a FTSE 100 company, to develop a new theme park attraction in the emirate.


Bahrain to award over $44bn development projects

Bahrain is set to award more than $44 billion worth of development projects this year with major focus on transportation, power and water sector, said a report. Overall Bahrain’s project market is valued at more than $65 billion, including projects planned and underway, acc


Cheap oil slows projects in Saudi Arabia, UAE

Low oil prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, Abu Dhabi Commercial Bank said on Thursday in a report showing the mixed impact of cheap oil on the Gulf. The total value of projects awarded in t

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