Sunday 7 February 2016

Mushrif wins $46m Kuwait road project deal

Mushrif Trading and Contracting Company (MTCC), a leading civil construction firm, said it has been awarded a KD14 million ($46 million) contract for road works aimed at improving traffic flow at Al Bidda Roundabout in the Kuwait City. The MTCC contract signed by Ministry of Publ


Knight Frank boosts GCC valuation advisory team

Knight Frank, a leading property agency and consultancy, said it has hired Alexandros Arvalis, a senior professional to strengthen the service line and expand the company’s reach in the Gulf region. Arvalis joins Knight Frank as an associate partner to manage and expand the


China firm signs Dubai hotel complex contract

China State Construction Engineering Corporation (Middle East) said it has been awarded a $95-million contract by UAE-based Zaya Real Estate Development for a high-rise hotel project in Dubai. The upcoming project, a 33-storey serviced apartment with a building area of 110,000 sq


Multi-million marina project to be built in Bahrain

A new multi-million dinar marina project that will include an aqua park will be constructed on a coastline in Budaiya, Bahrain. The new project, initiated by the Bahrain Marina Development Company, will also include an area for jet skis, scuba diving and ferry services, said a report in the


Egypt eyes DFIs for energy project development

The Egyptian government aims to engage development finance institutions (DFIs) and investors to fund and build 30GW of electricity projects in the country. This month Egypt's government, regulators and public sector stakeholders will discuss the role of the DFIs and the priva


Arcadis names new ME chief executive

Arcadis, a leading global design and consultancy firm for natural and built assets, said it has appointed Graham Reid, currently the company’s global design director, as the new chief executive for the Middle East region. Reid took over the new role from today (February 1)


Majid Al Futtaim properties revenue soars to $1.08bn

Majid Al Futtaim Properties, one of the leading diversified property companies in the Middle East and North Africa (Mena) region, has registered a total revenue of Dh4 billion ($1.08 billion) in 2015, up seven per cent over the year before. The property unit of Majid Al Futtaim,


Nakheel delivers first hotel in Dragon Mart

Dubai master-developer Nakheel has delivered the first of 10 hotels planned under its hospitality and leisure expansion, with a new 251-room hotel now open at the Dragon Mart retail and leisure hub. Owned by Nakheel and managed by AccorHotels under the ibis Styles brand, the thre


Dewa reviews Cisco advances in smart city technology

A high-level delegation from Dubai Electricity and Water Authority (Dewa) visited Cisco's headquarters in Dubai.    The delegation was led by Saeed Mohammed Al Tayer, managing director and chief executive officer of Dewa, with Dr Amina Al Rustamani, CEO


Meydan Sobha unveils Phase III of giant Dubai project

Meydan Sobha, , a joint venture between race track developer Meydan and leading real estate company Sobha group, on Monday (February 1) said it has officially launched the third phase of Mohammed Bin Rashid Al Maktoum (MBR) City – District One, a stunning new community adding another envi

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