Friday 12 February 2016

Saudi airport modernisation project on track

The work is progressing well on the modernisation of 27 airports in Saudi Arabia and is due to be completed within the next five years, said a report, citing a senior aviation official. “Our goal is that our airports should be in a position worthy of the kingdom’s sta


Abu Dhabi's residential sector posts solid growth

The residential market in Abu Dhabi continues to outperform other asset classes amidst a moderating economy, according to an industry expert. The average residential rents in the UAE capital grew by four per cent (y-o-y), despite the slight decline experienced in the previous qua


Cofely Besix Mannai FM names Qatar manager

Cofely Besix Mannai Facility Management (CBMFM) has appointed Robert Willem Cats as the new country manager for Qatar. A leading facilities management provider in Qatar, the CBMFM was originally founded in 2006 as a joint venture between Mannai Corporation and Transfield Services.


Major industrial showcase opens in Bahrain

Leading industrial firms from across the globe are showcasing their products at the Gulf Industry Fair 2016, the specialist business-to-business industrial show in the Northern Gulf region, which opened at the Bahrain International Exhibition and Convention Centre (BIECC) today (February 9).


Dewa to tender third phase of solar park in six weeks

The Dubai Electricity and Water Authority (DEWA) will launch a tender to build the third phase of the Sheikh Mohammed bin Rashid Al Maktoum Solar Park in six weeks, its chief executive said on Monday. "Within a short period, we will open the tender," Saeed Mohammed Al Tayer t


UAE interior firm nets $191m contracts

Cloisall, a leading UAE-based interior fitting and contracting company, said it has secured regional contracts worth Dh700 million ($191 million) to be initiated over the next 24 months. With 2016 in full swing, Cloisall aims to cross Dh1 billion ($272 million) in order backlogs


Diyar Al Muharraq seafront units 'in big demand'

Diyar Al Muharraq, a leading urban developer in Bahrain, said it had received an overwhelming response from investors for the units in the second phase of its seafront development Al Bareh coming up in the kingdom. The company launched the sale of plots on a freehold basis to all


Dubai WoodShow renews EU partnership deal

The Dubai WoodShow, the largest trade fair for wood products in the Middle East, has renewed its agreement with European Federation of Woodworking Machinery Manufacturers (Eumabois), a nonprofit Federation grouping 14 national Associations and two single members representing major European manu


Saudi Electricity orders 6 more GE gas turbines

Saudi Electricity Company (SEC) has ordered six more of GE’s trailer-mounted, fast-starting TM2500+ mobile aeroderivative gas turbine packages for existing power plant locations in Jizan and Tabuk. With ‘black-start’ capability, these proven turbines can serve a


Majid Al Futtaim to open two malls in Riyadh

Majid Al Futtaim, a leading shopping mall, retail and leisure facilities operator, has announced plans to develop two new landmark shopping malls in Riyadh, Saudi Arabia. The Dubai-based firm will invest SR14 billion ($3.73 billion) on the projects, the company said in a statemen

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