Friday 20 July 2018

Rosatom shortlisted for Saudi nuclear project bidding

The Russian State Atomic Energy Corporation (Rosatom) has been shortlisted for the next stage of the bidding (competitive dialogue) process for Saudi Arabia’s first peaceful nuclear power project, said a report, citing the kingdom's nuclear authority, the King Abdullah City for Atomic


Acciona wins $234m contract to build Saudi desal plant

Acciona Agua, a leader in providing sustainable solutions for infrastructure and renewable energy projects, said it has been awarded a €200 million ($234 million) contract by Saline Water Conversion Corporation (SWCC), a Saudi government corporation, to build a desalination plant in the Al


Emaar to build Mideast’s largest Chinatown in Dubai

Dubai-based property developer Emaar said it will develop the Middle East’s largest Chinatown within the retail district of Dubai Creek Harbour, its six-sq-km mega-development, only 10 minutes from the Dubai International Airport and the iconic Burj Khalifa. The announcemen


Veolia commissions waste treatment plant in Dubai

Dubai Municipality and Veolia, a global leader in optimised resource management, have successfully commissioned the Jebel Ali Hazardous Waste Treatment Facility in Dubai, which can treat 600 cu m of hazardous liquid waste per day. The plant, which can treat wastewater that is pol


Majid Al Futtaim completes earthwork at key UAE project

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, said it has completed major earthmoving work for Phase One of its new flagship project, Tilal Al Ghaf coming up over a 3-million-sq-m area in Dubai, UAE.


Dubai's residential rents down in Q2, says report

Dubai's real estate market is under pressure due to a continued decline in villa and apartment rental rates and sales prices during the second quarter, according to Asteco, a leading property services company in the UAE. The rents are likely to slide further with anticipated


Al-Raya opens new branch in Saudi Arabia

Kuwait-based Al-Raya United Company for Real Estate Development recently opened a branch in Madinah, Saudi Arabia. CEO Jassim Al Fajji said that the expansion in the kingdom comes within Al-Raya’s strategic plans as well as Saudi Arabia’s 2030 strategic plan that focu


UAE 'committed to sustainable development'

The UAE remains committed to its sustainable development goals (SDGs) and the pace with which it has adopted and started implementation of the SDG framework is a testament to the level of the country’s ambition to pursue them, said Abdullah Lootah, the vice-chair of the UAE’s Nation


Cairo real estate market 'on path to recovery'

The real estate market in Egyptian capital Cairo has witnessed an ongoing uplift in performance across most sectors with the residential sector, in particular, benefiting from increased sale prices in 2018, said leading property expert JLL. Increased investor confidence is eviden


Kuwait inks $48.5m infrastructure projects deal

Kuwait has awarded contracts worth KD14.72 million ($48.5 million) for infrastructure development including construction and maintenance of roads and bridges besides several key waterways and sewerage projects in the capital, said a report. The agreement was signed by Minister of

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