Saturday 17 February 2018

Bahrain to start work on key housing project

Bahraini authorities are set to start work in September on the second phase of the Wadi Al Sail Housing Project, a 267-unit development which will benefit the affiliates of the Bahrain Defence Force (BDF), said a BNA report. The first phase of the Wadi Al Sail project, w


Serco wins integrated FM services contract from Aldar

Serco, an international service provider of outsourced services, said it has secured an integrated facilities services contract from UAE-based Aldar Properties. In the Middle East, Serco employs more than 4,500 people across five countries - Bahrain, Iraq, Saudi Arabia, Qatar and


Aldar Properties offplan sales hit $952m in 2017

Aldar Properties, a leading real estate developer in Abu Dhabi, UAE, said it has delivered a robust performance across its two business pillars in 2017. Announcing the results for the full-year 2017, Aldar stated that its underlying gross profit had surged 34 per cent to Dh2.7 bi


Emaar Properties 2017 operating profit tops $1.5bn

Emaar Properties recorded a net operating profit of Dh5.704 billion ($1.553 billion) during 2017, a growth of 16 per cent over the figure of Dh4.917 billion ($1.339 billion) posted in the previous year. Total revenue for 2017 increased by 21 per cent to Dh18.812 billion ($5.122 b


World Bank inks $510m Iraq infrastructure project deal

The World Bank Group has signed major infrastructure development projects worth $510 million with the government of Iraq in bid to help improve the living conditions of Iraqi citizens, said a report. The two projects along with the ongoing $750 million Emergency Operation for Dev


Interiors Shopper to debut at Bahrain expo

Bahrain-based Hilal Conferences and Exhibitions (HCE) has taken the burgeoning GCC interiors market to a new level with the addition of Interiors Shopper, a new segment in its annual industry event - Interiors Expo (formerly Gulf Interiors Exhibition). The exhibition will take pl


Oman to build new port in Sur

Omani authorities have begun a feasibility study for the construction of a new port near Sur Industrial Estate in the sultanate, said a report. The study will be ready by the first half of the current year, reported Times of Oman, citing a report by the Public Establishment fo


German developer starts work on Egypt solar project

Germany-based project developer, investor and acting EPC contractor ib vogt has begun the construction of a portfolio of three solar power plants with a joint total capacity of 166.5 MWp, at Benban in Aswan Governorate of Egypt. The contract was awarded under the second round of


Damac's 2017 revenue surges 4pc to $2.04bn

Damac Properties, a leading player in the UAE luxury real estate development sector, has reported a total revenue of Dh7.5 billion ($2.04 billion) for 2017, up four per cent over last year besides clocking a net profit of Dh2.8 billion ($762 million). Announcing the financial res


One Za'abeel celebrates record concrete pour

One Za’abeel, an iconic new high-rise mixed development that will tower over Zabeel Park in Dubai, UAE, has successfully completed the record pouring of 26,000 cu m of concrete over a 7,600-sq-m raft foundation footprint, said the project's main contractor. The whole pr

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