Monday 6 July 2015

Italian JV wins $1bn Turkey healthcare project

Italian construction group Astaldi said its joint venture with Turkish firm Türkeler has won a major contract to build and operate a new one-million-sq-m hospital complex in Ankara, Turkey, said a report. The $980-million contract is for the Etlik Integrated Health Campus in


Dubai municipality working on $473m projects

Dubai Municipality is currently working on 23 main projects worth around Dh1.74 billion ($473 million) including a fish market, Dubai Safari and the Thuraya astronomical observatory, said a report, citing a topp official.   The work on some of these projects started last year


Future Pipe commissions fibreglass plant in Dubai

UAE-based Future Pipe Industries Group said one of its member companies Gulf Eternit Industries, has commissioned a 176,720-sq-m manufacturing unit in Dubai for the production of fibreglass pipes and fittings for the oil and gas, water and industrial sectors. A global designer an


Dubai developer offers ready homes on interest-free plan

Harbor Real Estate, a leading real estate service provider in Dubai, UAE is offering a limited basket of ready-to-move-in residential apartments in Dubai Marina for sale under a seven-year, interest-free payment plan. The limited selection of residential units in the offer within


Qatar forum focus on UK property investment

The Qatari Businessmen Association (QBA) recently organised a seminar on how to achieve tax-efficient investment in UK real estate. The private seminar entitled, ‘Achieving Value in the UK Real Estate Market’ was organised in cooperation with Al-Faisal International f


Nestle to invest $119m in new Dubai factory

Nestle said on Wednesday it will invest 112 million Swiss francs ($118.9 million) to build a coffee and culinary product factory in Dubai to keep pace with rising demand in the Middle East. The Swiss food group said in a statement the new factory will eventually employ 400 staff.


$188bn construction projects under way in Kuwait

With projects worth $188 billion currently under various stages of planning and construction, Kuwait’s construction sector is poised for significant growth, said the event organisers of an upcoming building and construction event in the country. “Kuwait has earmarked $7.2 b


Kuwait property sales drop 28pc in May

Sales across Kuwait’s three main real estate sectors totalled KD256 million ($845 million) in May, down 28 per cent from a year earlier, a report said. This shows softening of the real estate market for a second month in a row, after a slight recovery in March, added the la


Summer work clamp begins in Bahrain

Labour inspectors will be out in force in Bahrain to ensure companies abide by a nationwide ban on outdoor work during the hottest hours of the summer. People will not be allowed to work outdoors between noon and 4pm, starting today until the end of August, said a report in the


Dubai’s RTA appoints Aurecon to upgrade roads

Dubai’s Roads and Transport Authority (RTA) has appointed Angola-based Aurecon, an engineering, and technical services provider, to upgrade the corridors of Tripoli Road and Algeria Road in the emirate. This is the third large-scale transport design project that has been aw

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