Tuesday 28 February 2017

$643m Abu Dhabi residential project on track for 2019 launch

Abu Dhabi General Services Company (Musanada) said work was progressing well on its Dh2.5 billion ($643 million) residential development - Emirati District - at Madinat Zayed in the UAE capital. It is due for completion by the end of 2019. The Emirati District project is one of the str


Bahrain Bay opens new waterfront walkway

Bahrain Bay, a $2.5-billion real estate development located on the north coastline of capital Manama, has announced the opening of the Promenade, a waterfront walkway inspired by locations such as Sydney in Australia and Vancouver in Canada. The Promenade opening will be coincidi


Simco to roll out key products at Dubai WoodShow

Simco, a leading industrial manufacturing company, will be showcasing its most innovative techniques and machineries at Dubai WoodShow which will be held from March 7 to 9 at Dubai Word Trade Centre. For Simco, participating in Dubai WoodShow has been an annual highlight, said a


Gettco wins Doha mixed-use tower project

Qatar-based Al Sawari Holding has awarded a key contract to its subsidiary Gettco Construction for the development of a mixed-use tower, comprising residential and hotel apartments, in the heart of West Bay at capital Doha. Al Seeliya Tower, which will come up on a 40,000 sq m ar


Haulotte plays key role in Jeddah airport project

Haulotte Group, a French aerial work platform manufacturer with key operations in the region, said it has deployed its fleet of hitech equipment and machineries for Saudi government's ambitious King Abdul-Aziz International Airport project in Jeddah. The equipment, including


Dubai group KBW launches Islamic real estate fund

KBW Investments, a UAE-based portfolio group active in key sectors including construction, manufacturing and engineering, has announced the launch of Crestmount Capital, its premier flagship Sharia-compliant real estate investment fund (REIF).   KBW Investments,


Bahrain awards $7m project tenders in January

Bahrain has awarded a total of six tenders worth BD2.7 million ($7.1 million) in January besides inviting bids for tenders for projects related to roads, sanitary work and construction sectors, said a top official. The awarded tenders and tenders for which bids were invited last


Fujairah opens new 33/11 Kv power station

The UAE authorities have launched a Dh29.7 million 33/11 kilovolt power station at Fujairah to ease the load off another three stations in the emirate to ensure sustained flow and efficiency of energy, said a report. This is in line with the Federal Electricity and Water Authorit


Investcorp acquires $400m US residential properties

Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada for a total purchase price of $400 million. All three properties are located in markets which benefit from robust fundamentals in the m


Dubai Future Academy launches training programme

The Dubai Future Academy has launched its first training programme – the Future Design Diploma – in its Office of the Future in Dubai, the world’s first 3D-printed office. High-ranking executives are set to take part in the 10-day intensive program including exe

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