Saturday 23 January 2021

Abu Dhabi-funded solar project to light up Somaliland

Abu Dhabi Fund for Development (ADFD) funded solar energy project at Berbera City in the African nation of Somaliland has been connected to the local electricity grid. It will meet the increasing demand of the entire city of approximately 50,000 people.   Set up


Saudi Alkhabeer Capital gets approval to up REIT asset value

Saudi-based Alkhabeer Capital said it had won approval from Capital Market Authority to increase the total asset value of its real estate investment trust (REIT) fund.   A leading asset manager specialising in shari'a-compliant investments and financial serv


Dubai's residential capital values down 13.8pc in December

The residential capital values in Dubai for December registered a 13.8 per cent drop compared to the previous year, standing at 65.3 points. It fell 0.1 per cent on month-on-month basis, thus clocking the lowest rate of decline in three years, according to leading UAE-based local consulting f


Qatari developer Alfardan obtains renewal of ISO certification

Alfardan Properties, a leading luxury real estate developer in Qatar, has announced the renewal of its ISO 9001:2015 certification for quality management system (QMS) following a successful audit of the group by Lloyd’s Register Quality Assurance.   The IS


Al Mutawa becomes Ducab's first Emirati CEO

Ducab Group, a leading UAE-based manufacturer of cables and cabling products, has appointed Mohammed Abdul Rahman Al Mutawa as the new Group CEO, the first Emirati to hold the position.   Al Mutawa, soon after completing his industrial engineering degree from th


Lusail Towers to open in time for Qatar 2022 World Cup

Foster + Partners, a leading UK-based architectural firm, said the work was moving at a steady pace on its 1.1-million-sq-m Qatari development, Lusail Towers and was on track for completion ahead of 2022 World Cup. Lusail Towers is a landmark project in Qatar, envisioned as the c


Saudi cabinet approves medical city for Madinah

The Saudi cabinet, chaired by King Salman, has given the go-ahead for the transformation of Madinah Hospitals Complex into a medical city.   The complex comprises the General Hospital, that has a capacity of 500 beds, the Obstetrics, Gynecology and Children'


Egypt housing market witnesses solid activity in 2020

The Egyptian market has emerged as one of the region’s biggest transformation stories, driven by a strong government commitment to develop infrastructure, promote private sector partnerships and enhance business environment, according to property expert JLL.  


Saudi Arabia issues over 3,000 residential plots in December

Saudi Arabia has issued a total of 3,181 new contracts for residential plots in December under its Sakani Housing programme.    These plots, measuring 450 to 527 sq m, are located in capital Riyadh, Makkah, Qassim, Asir, Jazan, Najran regions and the Easter


Emaar Economic City names new managing director

Saudi-based Emaar, The Economic City (Emaar EC) - the master developer of the kingdom's largest privately-funded new city, King Abdullah Economic City - has appointed Ahmed Yousef Boshnak as the company's new managing director.     A real estat

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