Sunday 23 January 2022
 
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Reportage Properties sales double in 2021 to $440m

Reportage Properties, a leading UAE real estate developer, said its sales shot up nearly 100% to AED1.6 billion in 2021, compared to AED812 million in 2020.   Reportage Properties is currently developing 12 projects in the UAE, providing about 6,000 housing unit

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TRSDC achieves financial close of $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has achieved financial close on its SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks. 

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Mati Consult powers Terra pavilion with energy trees

MATI Consult, a service-oriented firm with headquarters in Dubai, has recently created and installed 18 energy trees that surround Terra — the Sustainability Pavilion at Expo 2020.    MATI Consult has also recently been awarded for its involvement in

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RSI wins Red Sea Project modular buildings contract

Saudi Arabia's The Red Sea Development Company (TRSDC) has awarded a contract to Red Sea International Company (RSI) to build modular buildings.    The contract covers design, manufacture, supply and installation of modular buildings to support TRSDC

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TRSDC achieves financial close of $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has achieved financial close on its SR14.12 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks.  &

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TRSDC achieves financial close on $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind a global tourism project, has achieved financial close on its SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks. As announced previously, the banks are Banq

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EAD, Engie complete Phase II of mangrove rehabilitation project

The Environment Agency – Abu Dhabi (EAD) and Engie, the global energy company, have completed the second phase of the ‘Blue Carbon’ Environmental and Social Responsibility project, in a tie-up with Distant Imagery.    Using highly innovati

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Dubai mortgage transactions break records in 2021

Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%.    Q1 2021 had the most mortgage registrations in a single quarter,

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Sabic plans new petrochemicals plant in Jubail

Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, plans to build a petrochemicals plant in the city of Jubail on the Gulf coast in the Eastern Province of Saudi Arabia. This will be after a similar plant in South Korea starts production by year-end, CEO Yousef Abdullah

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Saudi Arabia, Kuwait driving $1.6 trillion GCC project market

The GCC construction market is estimated at $1.6 trillion, with over 21,000 active projects as of Q3 2021, mainly driven by Saudi Arabia and the UAE which dominated the project development scene, according to BNC Projects Journal.   Kuwait construction activity

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