Thursday 13 December 2018

Damac awards Akoya Oxygen infrastructure contract

Damac Properties, a leading luxury real estate developer in the region, has awarded infrastructure works contract worth Dh40 million ($11 million) to Proscape for its 207,000 sq-m cluster, Aquilegia, located within the 55-million-sq-ft community, Akoya Oxygen in Dubai, UAE. As pe


Aurecon names new country manager for Singapore

Global engineering and infrastructure advisory company Aurecon has appointed Yang San (YS) Go as the new country manager for Singapore in line with its growth strategy for Asian region. In his new role, YS will be responsible for leading the company’s business operations an


El Sewedy Electric to build $557m industrial city in Egypt

Egypt-based Elsewedy Electric Company said its industrial development unit has signed an E£10 billion ($557 million) contract with the General Authority for Suez Canal Economic Zone to develop land at Ain Sohkna, located 120 km east of capital Cairo. A leading integrated en


Majid Al Futtaim picks Orange solutions for retail unit

Dubai-based Majid Al Futtaim, a leading shopping mall developer and leisure pioneer, said its retail unit is set to deploy flexible SD-Wan from Orange Business Services throughout its Middle Eastern operations to connect cloud applications and digitally transform its regional retail offerings.


Energy park to spark new era of growth in Saudi Arabia

Saudi Arabia’s economic diversification efforts and Vision 2030 received a huge boost with the launch of the first phase of the King Salman Energy Park (Spark) in the Eastern Province yesterday.   Spread over a massive 50 sq km, the King Salman Energy Park


Falconcity woos Indians with luxury apartment project

Leading UAE developer Falconcity of Wonders showcased its newest luxury hotel serviced and furnished apartments project, Saam Vega at this year’s Dubai Property Show held in the Indian city of Mumbai. Subsequent to its participation at this year’s Shanghai and London


Mideast’s fire safety systems market to hit $3bn

The Middle East’s market for firefighting systems, fire detection and alarm systems, and emergency exit and lighting, is poised for solid growth and is likely to hit $3 billion by 2024, growing at a compound annual growth rate of nearly 8 per cent in the next six years, said a report, rel


Bahrain's Dragon City in Thai-themed project lease deal

Dragon City, the largest wholesale and retail trading centre in Bahrain, said it has signed a corporate agreement with Vega Intertrade and Exhibitions, one of the most sought-after exhibition and event organizers specialized in the Middle East and North Africa (Mena) region, to lease and operat


Dubai South unveils Aviation One office complex

Dubai South, the rebranded Dubai World Central, has unveiled its flagship commercial property, Aviation One, on the sidelines of Mebaa 2018, a leading business aviation exhibition in the Middle East region. The three-day event kicked off today (December 10) at the DWC, Airshow Si


UK's Interserve in key rescue financing talks

UK-based Interserve, a multinational support services and construction company, said it was working with its advisers to deliver the optimum capital structure for the group to help support its long-term, sustainable development. Shares in the company, which employs 75,000 people

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