Tuesday 26 March 2019

Saudi's Acwa Power plans $3bn investment in Egypt

Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in Egypt’s electricity projects during this year.   The utility developer has collaborated with Hassan Allam Holding Company to establish


Saudi builder buys world's largest 3D construction printer

Saudi-based Elite for Construction and Development Company has placed the order with Danish Cobod International for supply of the largest 3D construction printer in the world. The hitech BOD2 printer will be in the kingdom by the end of May. The giant printer, a first-of-its-kind


Qatar 2022 Al Thumama stadium work on track

Construction of Al Thumama Stadium, a host venue for the Fifa World Cup Qatar 2022, continues to progress rapidly with the stadium concrete works now completed, a report said. The team building the venue – proposed to host games up to and including the quarter-final stage &


Oman approves $250m construction tenders

Oman's Tender Board has approved contracts worth RO96.4 million ($250 million) for construction and infrastructure-related works, said a report. The projects included establishment of a mixed-use investment building that contains offices, a hotel, residential and commercial u


Emaar launches new Dubai residential lifestyle community

Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, has announced the launch of Joy townhouses in the new master-planned community Arabian Ranches III that promotes a happy and healthy lifestyle. Located next to the establish


Tabia to buy major stake in Saudi real estate group

Saudi-based Tabia Holding Company said it has won approval from the kingdom's Capital Market Authority (CMA) to increase its capital from SR1.5 billion to SR1.6 billion ($399 million to $426 million) for its major expansion moves. These funds will be used for acquiring all th


Savills in deal to set up Egyptian real estate JV

Global real estate advisor Savills has announced the signing of a prominent joint venture with Egyptian company Sphere, to cover the full range of real estate services in Egypt. The new partnership, which will trade as Savills, will combine local knowledge with international best


Eagle Hills launches sale of Sharjah waterfront property

UAE-based Eagle Hills Sharjah has announced the sales launch of Indigo Beach Residence, the latest residential building located along the main boulevard of Maryam Island, Sharjah’s most prestigious waterfront address. A leading developer in the emirate, Eagle Hills Sharjah

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