Tuesday 7 July 2020

UAE investor inks deal for $350m Oman tech city

Oman's Salalah Free Zone has signed an agreement with a UAE investor for the establishment of a Technology City at an investment of around $350 million, reported Oman Observer.   Spread over a 500,000-sq-m area, the Tech City will feature a Data Par


Ithra Dubai achieves key construction milestone at One Za’abeel

Ithra Dubai’s iconic One Za’abeel development has achieved a major milestone with its key development The Link, the world’ s largest cantilever, accomplishing its final slide at ground level.   This part of the structure is now extended to its


Saudi construction equipment market set to grow 4.79pc by 2025

The Saudi construction equipment market is poised for solid growth over the next five years thus   registering a CAGR of 4.79 per cent during the forecast period of 2020-2025, according to a new survey by Reportlinker.com.    Saudi Arabia is one o


Dubai Real Estate Institute gets additional powers

In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued a new law pertaining to the Dubai Real Estate Institute (DREI).   According to the new law, DREI is authorised to grant


Abu Dhabi University’s new Al Ain campus 90pc complete

Abu Dhabi University (ADU) said construction work on its new campus coming up in Al Ain is now 90 per cent complete and is due for delivery by the third quarter of 2020.   Set in Al Ain’s Asharej district, the new campus meets One-Pearl Estidama requiremen


Sharjah joins forces with major Malaysian engineering firm

Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has launched a new company in partnership with CHSS, the largest engineering consulting firm in Malaysia.    The new alliance, called Asool CHSS, will work to provide the most eff


Saudi housing ministry sets criteria for real estate developers

Saudi Arabia's housing ministry said its Real Estate Development Agency has issued a manual of criteria for evaluating capabilities of real estate developers, including financial, technical, organisational, marketing and legal aspects, according to a report.  


Omran-Majid Al Futtaim JV starts work on Oman project

Madinat Al Irfan Development Company, a joint venture between leading Omani tourism group Omran and UAE-based Majid Al Futtaim Properties, said it has started the construction of its customer experience centre.    The centre will be the headquarters and sal


Eltizam subsidiary nets over $201m FM contracts in H1

Eltizam Asset Management Group, a leading provider of facility management (FM) solutions in the UAE, has announced that one of its subsidiaries Tafawuq FM has secured contracts and renewals worth more than Dh739 million ($201 million) during the first six months, thus setting a new company re


Mena construction sector hit with triple whammy, says expert

With the construction sector in the Mena region hit by the triple whammy of big production cut, low oil prices and contracting non-oil sectors, top data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4 per cent. 

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