Tuesday 28 February 2017
 
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$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

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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

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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

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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

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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

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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,

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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

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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

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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

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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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