Thursday 25 December 2014

$49.9m road projects planned in Bahrain

Millions of dinars will be spent on road improvements across Bahrain next year, Works, Municipalities and Urban Planning Affairs Minister Essam Khalaf has revealed. Speaking at a media briefing following yesterday's weekly Cabinet session, the minister outlined six key projec


Oman awards $255m power transmission contracts

Oman Electricity Transmission Company has awarded six contracts worth RO87 million ($225 million) for several infrastructure projects related to the new grid station in the sultanate. These include expansion of a number of existing plants, reinforcement of overhead transmission l


Saudi Arabia to develop three new cities

Jeddah Municipality has announced plans to construct three new cities - a residential, a recreational, and an industrial - to balance the architectural landscape and demographics of the kingdom, said a report. The project includes 1,250 residential buildings, offering 25,000 resi


Isolux Corsan lands first Saudi contract

Isolux Corsan, a leading Spanish engineering and construction firm, has won a major contract for the construction of two 115 kV substations in the city of Al Hasa, Saudi Arabia. The $40-million project, awarded by Saudi Arabia's National Grid, will be completed within 27 mont


Aswaaq rolls out second phase of community mall

Aswaaq, a chain of small shopping centres in Dubai, UAE, has announced the launch of Phase Two of its new community mall in Al Barsha South One in the emirate. The community mall extends over an area of about 22,000 sq m, 50 per cent of which is occupied by the Aswaaq supermarket, whil


Nakheel sees good demand for retail space

Nakheel, a leading real estate developer in Dubai, said almost a third of shop space at its new Circle Mall at Jumeirah Village in Dubai has been booked – less than two weeks after its launch. Located between Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street, C


Emaar's Dubai real estate chief to resign

Emaar Properties said on Monday that the head of its Dubai real estate business would leave the firm at the end of the year. "We would like to clarify that Robert Booth, CEO of Emaar Dubai Real Estate, will continue to handle his responsibilities until the end of the year 20


UAE ‘rapidly rising in the global property industry’

The UAE is rising rapidly in the global property industry, with $1 trillion in built assets, which is nearly 48 per cent of the Netherlands ($2.09 trillion) and 122 per cent higher than Singapore ($0.82 trillion). This was revealed by The H Holding Enterprise, which owns huge inv


Alba adds new compressor to boost energy efficiency

Aluminium Bahrain (Alba) has boosted its energy efficiency in aluminium production with the addition of a new air compressor to its existing fleet in the utilities wing of the power and utilities department, the company said. The new unit has been installed with an aim to cater t


Volvo sales up on Mideast contruction boom

Swedish premium truck manufacturer Volvo has registered a 24 per cent growth in the deliveries across its 13 active regional markets over last year. The company also witnessed a 27 per cent jump in sales of parts for 2014. The announcement comes almost 12 months af

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