Thursday 23 March 2017

Damac's mortgage unit provides $163m funding

Damac Properties, a leading luxury real estate developer in the region, said its in-house mortgage department has so far facilitated home financing worth Dh600 million ($163 million) for hundreds of units across the UAE. It is the only luxury developer in the Middle East that boasts a


ACTS wins World Cup stadiums quality control deal

Advanced Construction Technology Services (ACTS), a leading consultant in the field of construction materials and geotechnical engineering, has been awarded a contract to carry out testing on building materials to be used for Qatar 2022 World Cup infrastructure projects. As per t


Ooredoo backs Oman Smart City Summit

Ooredoo Oman has extend its support as Diamond Sponsor of the Smart City Summit – Oman, an event  dedicated to exploring and examining the benefits and possibilities of cities built on technology in the sultanate. The event will be held at the Oman Convention and Exhibition


UAE top performer at Meed quality awards

The UAE has emerged as the top regional performer at Meed Quality Awards for Projects with 43 Emirati developers getting recognition for their project designs and quality followed by Saudi Arabia and Oman with 10 each. Kuwait had nine national winners, followed by Qatar with eigh


Saudi high-speed rail project enters fast track

Work on the Haramain High-Speed Rail project in Saudi Arabia is progressing at a steady pace with 95 per cent of 450-km-long line - linking the key cities of Makkah and Madinah - already completed, said a report. The remaining 20-km line, linking Jeddah to Makkah at the main stat


New hyper-reality experience coming to Dubai

The Void, a US-based company, has partnered with UAE developer Meraas to bring its critically-acclaimed hyper-reality experience to Dubai - the first destination outside of the US to host a Void attraction. Residents and visitors to Dubai will be able to experience The Void at a


HB Fuller opens new office in Dubai

HB Fuller, a major American adhesives manufacturing company, has officially opened its new office in Dubai, UAE. The office was inaugurated by Patrick Kivits, senior vice president, Europe, India, Middle East and Africa, said a statement from the company. The new o


Yellow Door Energy to fund Novotel Fujairah retrofit

Yellow Door Energy, a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, has announced a new investment in the energy services industry by financing the retrofit of Novotel Fujairah hotel. The retrofit is based on the recommendations of


RTA completes internal roads work costing $227m

Dubai's Roads and Transport Authority (RTA) has completed road construction works in 16 residential districts of the UAE at a cost of Dh835 million ($227.33 million), Mattar Al Tayer, director-general and RTA chairman, has announced. In April, RTA will open new internal roads


Sarens Nass orders 15 new Demag cranes

The Bahrain-based Sarens Nass Middle East will add 15 new Demag AC-130-5 all-terrain cranes to its fleet, a statement said. “We have a significant number of new Demag all-terrain cranes in our fleet,” says Alhanoof Nass, director of Sarens Nass Middle East. “The

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