Monday 5 October 2015

CBRE boosts Bahrain management team

Leading real estate consulting firm CBRE has made two new appointments to its Bahrain business - James Lynn who joins as director and head of research and consultancy covering both Bahrain and Saudi Arabia and Orest Lachowycz as a research and consultancy manager. The new managem


Louvre Abu Dhabi in key cladding milestone

Louvre Abu Dhabi, the first museum to be built at the Saadiyat Cultural District in the UAE capital, achieved a major construction milestone when the final piece of outer cladding for the museum’s iconic dome was put in place. The installation of the outer cladding comes af


GCC firms plan big infrastructure projects in Africa

Greenstone Equity Partners, a leading independent fund placement firm in the Middle East, has collaborated with South Africa-based Harith to raise capital from the Gulf Cooperation Council (GCC) region and direct it to the development of infrastructure projects in Africa.  


Oman starts internal roads work

Oman’s Ministry of Regional Municipalities and Water Resources has begun building internal roads in the Niyabat of Samad Al Shaan in North Al Sharqiyah Governorate, a report said.   The 24-km roadwork is part of a internal road project that extends over 76 km  


Aldar Properties hospitality assets see full occupancy during Eid

The hospitality and leisure portfolio of Abu Dhabi’s largest property company, Aldar Properties, recorded full occupancy in all of its 10 hotels over the Eid Al Adha vacation period. Citizens and residents of the UAE and other GCC markets accounted for 61 per cent of hotel guests


Cayan Group awards Dubai project deal

Cayan Group, one of the Middle East’s leading real estate developers, has awarded the enabling package for its upcoming project in Dubai, UAE, to Turkish group Zetas Zemin Teknolojisi.   Rising on Umm Suqeim Road, the group's luxurious project Cayan Cantara will com


Bouygues, Urbacon win $617m Qatar contracts

Bouygues Construction and UrbaCon Trading & Contracting have jointly won contracts worth QR2.25 billion ($617 million) from Qatar Public Works Authority (Ashghal) for the design and construction of sewage tunnels in Doha. These contracts are part of the strategic project for


Nakheel targets Europe market through German JV

Dubai-based Nakheel, a top real estate developer is leveraging its joint venture partnership with German real estate brokerage firm Engel & Völkers to target new European investors at a property expo in Munich, Germany, next week. Nakheel chairman Ali Rashid Lootah and a


Abu Dhabi's TDIC names new chief

Abu Dhabi's Tourism Development & Investment Company (TDIC), builder of local branches of the Louvre and Guggenheim museums, has named a senior official from the emirate's sovereign wealth fund as chief executive, a spokesman confirmed on Wednesday. Sufian Hasan Al Ma


Qatar to award $30bn new infrastructure deals in 2016

Qatar is set to award fresh infrastructure contracts worth $30 billion next year as part of its ongoing preparations for the FIFA World Cup 2022, said a report. The scale of investment relative to the size of the country, and the looming deadline of the 2022 World Cup, is challen

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