Saturday 28 November 2015

Serco wins Dubai monorail contract extension

UK-based Serco Group, an international services company, said it has won a five-year extension from regional developer Nakheel to operate and maintain the Palm Jumeirah Monorail System in Dubai, UAE. Nakheel’s Palm Monorail System extends 5.3km from Gateway Towers (landside


Omniyat unveils new payment plan for Dubai project

Omniyat, a leading privately-held real estate development group, has announced a flexible payment plan for its premium residential development, ‘The Sterling’ at Business Bay in Dubai, UAE. The Sterling consists of two towers – The East House and The West House


Drake and Scull Engineering wins key UAE projects

UAE-based contractor Drake and Scull said it has won two major contracts - a mixed-use residential and commercial tower in Abu Dhabi and district cooling plants in Dubai - worth Dh131 million ($36 million). As per the contract, Drake & Scull Engineering (DSE) will deliver mec


DI to build new campus for Austrian university

Austria's leading private university Modul has partnered with Dubai Investments to build its new campus on a 25,000 sq ft area at Dubai Multi Commodities Center (DMCC) in Jumeirah Lake Towers, Dubai. A leading investment conglomerate listed on the Dubai Financial Market, Duba


Sharjah properties drawing solid investor interest

There has been a renewed investor interest in the real estate of the northern emirate of Sharjah, traditionally an industrial hub, following the launch of several freehold properties for expats, said a report. Having remained under the intimidating shadow of its able elder brothe


Oman developer awards tourism complex contract

Leading Omani developer Badr Group has awarded a key contract to Unique Contracting Company for the construction of an integrated tourism complex in Muscat, said a report. The turn-key contract award win comes following the completion of the extensive substructure works, reported


Bahrain group wins big at Arabian property awards

Bahraini real estate company Impact Estate said it has won top honours at the Africa and Arabia International Property Awards held in Dubai recently. The company has been given the five-star award for Best Real Estate Consultancy, the Highly Commended Real Estate Brokerage Award,


OGC awards gas pipeline deal to Egypt’s Petrojet

Oman Gas Company (OGC), a leader in gas transportation, has awarded its Salalah Gas Loop Line project, which aims to boost natural gas supply to Dhofar Governorate, to Egypt-based Petrojet, a top construction firm, a report said. Petrojet will lay a 32-inch diameter pipeline that


China plans high-speed rail linking Iranian cities

The state-run China Railway Corporation has submitted a proposal to the Iranian authorities for building a high-speed route railway connecting its western city of Urumqi to Tehran, said a report. The proposed Silk Road route will connect China to West Asia, linking Almaty in Kaza


Campaign to focus on housing woes in Bahrain

Councillors in one of Bahrain’s most impoverished governorates have vowed to take a stand highlighting the plight of more than 4,000 families living in dilapidated homes across Bahrain. The Northern Municipal Council’s 12 members voted unanimously yesterday to begin a campaign of

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