Wednesday 31 August 2016

Galfar wins $157m Duqm fisheries port contract

Oman's Galfar Engineering and Construction has been awarded a contract for the construction of a fisheries port and related marine and road works in Duqm by the Special Economic Zone Authority, Duqm (Sezad). The contract is worth RO60.69 million ($157 million), said a company


Murray & Roberts to quit construction business

South Africa-based Murray & Roberts has decided to dispose of its Infrastructure and Building businesses and Genrec, a steel-making and engineering services group. Negotiations with prospective buyers for these businesses are at an advanced stage, it said. Howe


Egypt’s Hyde Park to offer nine tenders

Hyde Park New Cairo, a mixed-use complex, will offer five tenders to speed up the construction of its project as units are expected to be delivered within a few months, a report said. The company said that it will float another four tenders this month to reach nine new contracts,


Mondelez biscuit factory on track in Bahrain

A new $90-million biscuit factory being built by food and beverage giant Mondelez at the Bahrain International Investment Park is on track for completion by the first quarter of next year, reported the Gulf Daily News, our sister publication. To read further, please visi


Manazil named exclusive sales rep for Adagio Aparthotels

Dubai-based real estate developer Manazil Global Property Development has signed a partnership with Tamleek Real Estate to be its exclusive sales representative in the UAE for the Adagio Hotel Apartments in Dubai's Jumeirah Village Triangle. Abdul Mohsen Al Hammadi, CEO Manaz


Habtoor Leighton Group CEO released

The CEO and managing director of  Habtoor Leighton Group (HLG), José Antonio López-Monís, who was detained by Dubai police on August 17, has been released from custody, a Cimic statement said. HLG is Australia-based Cimic's Dubai-based joint venture.


Philips Lighting backs major Abu Dhabi event

Philips Lighting, a global leader in lighting products, systems and services, has announced that it will be the Gold Sponsor at the Middle East Smart Lighting and Energy Summit, to be held next month, in Abu Dhabi, UAE. The summit, a leading lighting and energy summit in the regi


Taqdeer Award team visits construction firms

The management of Taqdeer Award, which recognises excellence in labour welfare practices in Dubai, UAE, has started its visits to top construction companies to enhance awareness about the award. During the first phase of these initiatives, the Taqdeer team made onsite visits to the par


Khodari renews $35m Islamic facility

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Sunday that it had renewed an existing SR132 million ($35.2 million) Islamic credit facility with Samba Financial Group. The facility will provide bonding commitments as well as capital and working


wasl launches new mixed-use project in Bur Dubai

wasl Asset Management Group, one of the largest real estate management companies in Dubai, has announced the launch of its new project, Port Views. The development, located in Bur Dubai near Port Rashid, will add quality residential, commercial and hospitality accommodation offer

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