Thursday 30 March 2017

Farnek seals security partnership with Abu Dhabi group

UAE-based total facilities management company Farnek said it has been signed up by by Abu-Dhabi-based International Emirates Business Group (IeBG) to provide full protection services across its entire range of real estate assets - such as commercial and residential buildings, shopping malls, ho


RSG, Rotana to build new five-star hotel in Dubai

RSG International, a UAE-based global conglomerate, has partnered with leading hospitality group Rotana to build its new five-star hotel and serviced apartment project Sabah Rotana in Dubai, UAE. The 534-room property will be managed by Rotana on behalf of RSG International and is sche


Churchill Drilling Tools wins top export award

Churchill Drilling Tools, an oilfield service company specialising in drilling innovation, said it has won top honours in the High Growth Markets Exporter of the Year category at the 2017 HSBC Scottish Export Awards held in Glasgow, UK. The award specifically recognises export ac


Engineering Contracting Company posts 8pc growth

Engineering Contracting Company (ECC), a leading civil engineering and construction company in the UAE, has registered eight per cent growth in 2016 despite the slowdown in the market. ECC’s positive annual growth figures are largely due to its delivery, reputation and stro


Apicorp buys key stake in Saudi utility project

Acwa Power, a Saudi-based developer, owner and operator of independent power generation and water desalination plants, and Arab Petroleum Investments Corporation (Apicorp) have signed a sale and purchase agreement for an eight per cent effective stake in Shuqaiq Independent Water and Power Proj


Kuwait's Alargan posts 37pc jump in revenue

Alargan, a leading real estate company based in Kuwait, has reported revenues of KD26.8 million ($88.4 million) for 2016, marking an increase of 37 per cent compared to KD19.5 million ($64.3 million) the prevous year. Announcing the 2016 results, the Kuwaiti real estate firm said


$480m development projects under way in Saudi Arabia

The Saudi government is presently working on development projects worth more than SR1.8 billion ($480 million) at Al Leith and Adham in the western region, said a report. The ongoing projects in Al Leith include the construction of transformer station besides the building, repair


Dewa hosts solar park Phase Four prequalifiers

Dubai Electricity and Water Authority (Dewa) hosted a conference for international developers who have been qualified to submit tenders for the 200 MW concentrated solar power (CSP) plant based on the independent power producer (IPP) model. The plant is the fourth phase of the Mo


Azizi signs up for International Property Show 2017

Azizi Developments, a leading UAE-based real estate developer, has announced its sponsorship for the 13th edition of the International Property Show 2017 to be held next month in Dubai, UAE. As a key sponsor, Azizi Developments will also showcase its serviced and residential apar


UAE boosts Expo 2020 infrastructure spending

The UAE is expected to boost its expenditure this year, primarily in areas of infrastructure and developmental enterprises, reported state news agency Wam, citing a real estate expert. Amid the ongoing preparations for Expo 2020 Dubai, the current real estate and tourism investme

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