Saturday 17 February 2018
 
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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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