Saturday 28 March 2015

Egypt, Ethiopia, Sudan sign historic Nile dam deal

Leaders from Egypt, Ethiopia and Sudan signed a co-operation deal on Monday over a giant Ethiopian hydroelectric dam on a tributary of the river Nile, in a bid to ease tensions over regional water supplies. The leaders said the "declaration of principles" would pave the


33 in race for top GCC construction awards

Thirty three of the Gulf’s most important projects of recent years have scooped major national awards for their achievements and are now in the running for regional recognition. The GCC winners of the annual Meed Quality Awards for Projects 2015 will be awarded on May 27 at


Acwa, Mitsui win $630m Oman power plant deal

Saudi Arabia's Acwa Power and Japan's Mitsui & Co said on Monday they had won a contract from Oman's government to build and operate a $630-million, 445 megawatt (MW) natural gas-fired power plant at the city of Raysut. The contract was won along with Dhofar Inter


Aldar in Abu Dhabi land sale success

Aldar Properties, a leading developer based in Abu Dhabi, UAE, said it has successfully completed the sale in just one week of all 281 land plots at Al Merief, a master-planned residential community for UAE nationals located in the fast growing Khalifa City near Al Raha Beach.


Gulf Extrusions launches e-library for builders

Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, has launched its first-ever e-library aimed at helping architects and developers in coming up with designs for windows or façade systems for their projects. The new e-library, which is


Travco plans major tourism projects in Egypt

Travco Group plans to establish a number of hotel and tourism projects in Egypt to take advantage of the growing tourism sector in the country, a report said. Chairman of Travco Group International Hamed El Chiaty was quoted by Daily News Egypt as saying that the investment co


Asteco seals key GCC franchise pacts

Asteco, one of the largest independent full service real estate companies in the Middle East, has signed franchise agreements with  Bahrain-based RightWay and Dubai’s Savana Real Estate in line with its regional expansion strategy. RightWay is Asteco's first GCC fr


Egypt seeks support to build 60,000 housing units

Egypt's Ministry of Housing has called upon construction companies to take over the development of the proposed 60,000 housing units in eight new cities across the country, said a report. The ministry, represented by the New Urban Communities Authority (Nuca), made the plea a


Arabtec seeks to sell four Saudi units

Dubai's Arabtec plans to sell four of its five Saudi Arabian units, according to the builder's annual results which also state that one of its main aims this year is to expand its activities in the kingdom. The board of Arabtec - which is 36 per cent owned by Abu Dhabi st


Secon awards $327m Egypt realty design deals

Saudi-Egyptian Construction Company (Secon) has signed design contracts for three new real estate projects worth E£2.5 billion ($327 million), said a report. One of the largest companies operating in the real estate market, Secon is jointly owned by the Saudi and Egyptian g

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