Saturday 28 May 2016

Omani firms seal key electricity distribution agreement

State-owned companies Petroleum Development Oman (PDO) and Nama Group (formerly known as Electricity Holding Group) have signed an agreement for the speedy implementation of a more integrated and co-ordinated power grid across the sultanate. The memorandum of understanding (MoU)


Marassi Shores Residences sales begin

UAE-based private real estate investment and development company Eagle Hills, in partnership with Bahraini developer Diyar Al Muharraq, has announced the launch of sales for its Marassi Shores Residences in the kingdom, a report in the Gulf Daily News said. To read further, pleas


Shaikhani unveils first phase of UAE residential project

UAE-based Shaikhani Group has announced the launch of the first phase of Gardenia Residency, a Dh220-million ($60 million) luxurious residential project located at Jumeirah Village Circle in the emirate of Dubai. The project aims to make a definitive statement in opulence and lux


Dewa issues tenders for 3D-printed labs at solar park

The Dubai Electricity and Water Authority (Dewa) has invited expression of interest (EOI) for the construction of 3D-printed laboratories at its ambitious Mohammed Bin Rashid Al Maktoum Solar Park in Dubai, UAE. The new labs will be used for conducting research on drones and 3D-p


Imdaad unveils key solutions at Dubai FM expo

Imdaad, a leading provider of integrated facilities, environment and energy management solutions in the GCC, has launched its integrated network operations centre (Inoc) at the FM Expo 2016 in Dubai, UAE. The Middle East's largest facilities management event and part of the c


Omagine in talks with Chinese firms for $2.5bn project

Leading Omani developer Omagine is in discussions with two Chinese contractors for the construction of its $2.5-billion beachfront real estate and tourism project in the sultanate, said a report. The Omagine Project is being developed by Omagine, a subsidiary of the US-based Omag


Thumbay in deal to develop UAE healthcare projects

UAE-based Thumbay Builders has signed a deal to develop several major projects for the Gulf Medical University (GMU) in the emirate of Ajman and help expand its healthcare facilities. A high-end general construction company operated by the construction and renovation division of


Alba briefs contractors on Line 6 project

Bahrain-based Aluminium Bahrain (Alba), a leading international aluminium smelter, today (May 23) held a Supplier and Contractor Forum for its Line 6 Expansion Project, in the kingdom. The event took place at the Awal Ballroom, Gulf Hotel Bahrain. It was attended b


ACC wins Emaar's Saudi residential project

Leading property developer Emaar Properties said its Saudi subsidiary has signed up UAE-based Arabian Construction Company (ACC) to build three residential towers at its 413,000-sq-m master-planned community Jeddah Gate. Emaar Residences is the third residential project the devel


Al Mal plays key role in Emaar unit acquisition deal

Al Mal Capital, a subsidiary of Dubai Investments, said it played a major role in helping Emaar Industries & Investments (EII) acquire a significant stake in UAE-based construction firm Leaders Fort Contracting (LFC). Al Mal Capital was a sole buy side adviser to EII, a subsi

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