Saturday 10 October 2015

Over 2,000 new housing units coming up in Egypt

Work is on to build a total of 89 residential buildings at Obour City in Egypt, said a report. The Obour City Development Authority said these buildings will house a total of 2,111 units which will mainly cater to the medium-income group. About 63 buildings have be


Saudi Arabia to convert state housing fund into bank

Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the economic policy apparatus announced since King Salman took the throne in January, as it struggles to address a shortage of affordable housing. After its conversion, the


Abu Dhabi utility eyes $350m project bond

Monopoly utility Abu Dhabi Water & Electricity Authority (Adwea) is in talks with banks about issuing a project bond as early as this year to refinance debt used to construct a power and water plant, two sources aware of the matter said on Sunday. The offering could raise up


Eagle Hills’ starts work on $3bn Belgrade project

Eagle Hills, a UAE-based private investment and real estate development company, and Belgrade Waterfront Capital Investment, have jointly announced the start of its $3-billion flagship development Belgrade Waterfront, a master-planned community situated along the Sava River in Belgrade, Serbia.


CBRE announces key Mideast appointment

CBRE, the global real estate consulting firm, has appointed Simon Townsend as the new director and head of valuation and consultancy unit. Townsend brings with him more than 17 years of professional valuation experience across the Middle East and North Africa (Mena) region, advis


Aces wins Dubai museum project deal

Arab Center for Engineering Studies (Aces) Dubai said it has been awarded the contract to conduct geotechnical investigation for the prestigious Museum of the Future project in Dubai, UAE. A first-of-its-kind development, the $136-million Museum of the Future is a shiny, steel-cl


Kuwait to award $36bn infrastructure projects

Kuwait will invite private investors, including foreigners, to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals, an official said. The country has huge construction plans, ranging from pow


Oman gears up for top infrastructure expo

Infra Oman 2015, the fifth edition of Oman’s international trade event for infrastructure and industrial projects, will open tomorrow (October 5) at the Oman International Exhibition Centre, (OIEC) in Muscat, said a report. One of the largest gathering of decision makers fr


UAE has world's best roads, says WEF report

The UAE has topped the global rankings in the quality of roads for the year 2015-2016, according to the Global Competitiveness Report issued by the World Economic Forum (WEF). The Quality of Roads Indicator in the report not only tackles standards of technical aspects in terms of


RAK Ceramics unveils new products at Italy expo

RAK Ceramics, a leading hi-tech manufacturer of lifestyle ceramics solutions, showcased its wide range of tiles and sanitary ware at Cersaie 2015 expo held recently in Bologna, Italy. A high-profile exhibition  on ceramics for the building industry and bathroom furnishings,

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