Wednesday 1 July 2015

Infrastructure terms for developers in Bahrain

Private developers will be banned from selling properties in northern Bahrain unless proper infrastructure is in place. The Northern Municipal Council has taken the decision based on complaints from homeowners, some of whom have allegedly waited more than a decade for basic servi


Nshama awards key Dubai project contract

Nshama, a private developer of integrated lifestyle communities for aspiring home-owners, has signed a partnership deal with UNEC, a regional construction company, to build the first two apartment blocks at Town Square, Dubai’s first-of-its-kind smartly designed, stylish, green neighbourh


Air Liquide in $394m Saudi investment deal

Air Liquide, a supplier of industrial gases and services to major industries, has announced the start-up of its global-scale hydrogen production site in Yanbu on the West coast of the Saudi Arabia. Announced in 2010, this investment of more than €350 million ($394 million) r


Saudi builder delays submitting rights issue proposal

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons said on Sunday its proposal for a capital increase would be submitted to the market regulator during July, a month later than originally outlined. The company didn't elaborate on the reason for the delay, except to


Damac launches luxury hotel residences project

Damac Properties, a leading luxury real estate developer, has joined hands with Paramount Hotels & Resorts to launch a 826-key luxury hotel and residences tower on Sheikh Zayed Road in Dubai, UAE. The ‘Paramount Residences’ will offer a sky lobby with views across


Bahrain airport issues terminal expansion tenders

Bahrain International Airport (BIA) has received the technical and financial bids for the piling works for its new passenger terminal building, which are currently being reviewed by a specialist consultant, according to Bahrain's Transportation and Telecommunications Minister Kamal Ahmed.


Riffa Views names engineering consultant

Riffa Views, a major real estate development in Bahrain, has announced the appointment of Adel Ahmadi Associates as the engineering consultant to supervise villa construction at Parks Estate. This comes as part of the workout plan agreed last February for the completion of the re


GFH Financial signs key energy city accord

Bahrain-based GFH Financial Group has announced that its unit Energy City Navi Mumbai (ECNM) has entered into an agreement with Adani Group, a major Indian conglomerate that operates the largest private sector port and power business in India. ECNM and a Mumbai IT and Telecom Cit


Dubai to build 400 solar-powered bus shelters

Dubai's Roads and Transport Authority (RTA) has announced plans to construct 400 solar-powered air-conditioned bus shelters across the UAE emirate under the second phase of its ambitious project. The project encompasses the construction of both air-conditioned and non-air-con


Qatar to boost awareness on construction standards

Qatar General Organisation for Standardization (QS) has signed an agreement with ASTM International, a leading US-based standards development organisation, to boost standards and enhance awareness of international standards in the building and construction sector. Under the lates

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