Wednesday 21 February 2018

Arada awards Sharjah villa community contracts

Arada, the UAE's newest developer, has awarded the main construction contracts for Phase Two of Nasma Residences, a fully self-sustained villa and townhouse community in the heart of New Sharjah, to two separate companies. Sharjah-based Intermass Engineering & Contracting


Saudi real estate group set for $1bn debut sukuk issue

Salman Abdullah Bin Saedan Real Estate Group (Saedan), a leading developer in Saudi Arabia, is gearing up for its debut issuance of Islamic bonds, the first tranche of a $1-billion sukuk, said Bahrain-based Ibdar Bank which is arranging the sale. Ibdar said it will be setting up


Bahrain to have solar panels on new buildings

Bahrain is drafting a new clean energy policy under which all new buildings in the kingdom will have to be designed with solar energy panels in mind, according to a senior government official. The policy is in line with the renewable energy action plan of the sustainable energy u


Gevora, the world’s tallest hotel, opens in Dubai

The gleaming gold 75-storey Gevora Hotel, the world’s tallest hotel developed by the Al Attar Group and standing 356 m and 53 cm tall, opened yesterday (February 12) on  Sheikh Zayed Road in Dubai, UAE. The Gevora, which cost more than Dh500 million ($136 million) to b


Dewa, Siemens to launch solar-driven electrolysis facility

Dubai Expo 2020 Bureau, the organisers of the upcoming mega event, said it has signed an agreement with Dubai Electricity and Water Authority (Dewa) and global technology giant Siemens to launch a pilot project for the region’s first solar-driven hydrogen electrolysis facility.


Bahrain Dialysis Centre project enters fast-track

Work is under way to complete the internal and external finishing works at the Bahrain Dialysis Centre project, coming up in the Hunainiya area of the kingdom, along with the other related electrical and mechanical works. The concrete structure at the Dialysis Centre has been com


Azizi to launch key phases of $3.2bn Dubai riviera

Azizi Developments, a leading private real estate developer in the UAE, has announced that construction of phases Three and Four of its Dh12-billion ($3.26 billion) canal development, Azizi Riviera, located in Meydan One, is scheduled to begin later this month. The project will b


L&T wins $342m Abu Dhabi field development deal

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries has won an EPC (engineering, procurement and construction) contract worth more than ₹2.2 billion ($342 million) from UAE-based Al Dhafra Petroleum Operations Company.  


Dubai Investments, Ace to build schools across Africa

Dubai Investments, a leading, diversified investment company, has announced $20 million direct investment into Africa Crest Education Holdings (ACE), an investment company promoting quality education across the African continent. The investment will fund development of Sabis oper


Cummins gears up for top Dubai power expo

Cummins, a global leader in the design, manufacture, distribution and servicing of diesel and natural gas engines and related technologies, will be introducing its innovative products at the upcoming Middle East Electricity (MEE) 2018. The event, to be held at the Dubai World Tra

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