Tuesday 30 August 2016

Bahrain to sign $395m housing projects

Bahrain will today (August 23) sign contracts to carry out housing projects worth more than $395 million funded by the Gulf Development Programme. The signing will take place under the patronage of Deputy Prime Minister and head of the ministerial committee for construction and i


2017 set to be busiest year for hotel openings

2017 is set to be the busiest year for hotel openings in the Middle East with 189 projects and 58,527 rooms, an industry report has revealed. According to the Middle East Hotel Construction Overview report prepared by Tophotelprojects exclusively for The Hotel Show Dubai 2016, no


KHCB inks financing deal with developer

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has signed an agreement with Burooj Property Development to offer customised financial solutions, reported the Gulf Daily News, our sister publication. To read further, please visit


Drake & Scull to review business, seek new investors

Dubai-listed construction and engineering company Drake & Scull International has asked advisers for proposals to review its business and find strategic investors, its chief financial officer told Reuters on Monday. The company, one of the biggest engineering companies in the


Danube opens aluminium composite panel factory

Dubai-based Danube Group, a leading materials supplier in the UAE, celebrated the opening of the first aluminium composite panel (ACP) factory in the Middle East, in conjunction with Alucopanel USA. The facility, part of Alucopanel Middle East and located in Dubai’s Technop


Oman's $600m tourism project set for 2017 launch

Oman's $600-million mixed-used develpment, Saraya Bandar Jissah, is set to house its first residents early next year. Being developed by Omran, the tourism development and investment arm of Oman, the project spans 2.2-sq-km and will offer residential units, recreational facil


MAN to showcase strong range of trucks at IAA

MAN will be presenting a strong portfolio of trucks at the IAA Commercial Vehicles fair in Hanover, the leading trade fair for mobility, transportation and logistics which takes place from September 22 to 29. For the 2017 range, MAN is taking numerous steps to optimise its engine


R Hotels picks Fourzone for Palm resort fit-out

R Hotels, the hospitality management division of the Ajman-based R Holding, has named Fourzone Middle East as its interior fit-out contractor for its new four-star resort and spa in Palm Jumeirah in Dubai, UAE. The 253-key property, which will be the first holistic health and wel


TDIC to award Saadiyat Lagoons District main contract by year-end

The Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced today that the enabling work is well under way for Phase One of the Saadiyat Lagoons District. The contract was awarded to


Biggest milestone: Nakheel completes recovery

Dubai developer Nakheel will be completely debt-free following full payment of its Dh4.4 billion ($1.2 billion) trade creditor sukuk when it matures on Thursday (August 25), the company has announced.   The scheduled payment marks the end of the company’s financial rest

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