Thursday 21 February 2019

Daewoo E&C seals $200m Emirates NBD funding deal

Daewoo Engineering & Construction Company (Daewoo E&C), one of Korea’s leading construction companies with a growing presence in Middle East and Africa, said it has successfully completed a $200-million dual tranche (conventional and Islamic) syndicated term facility.


Linesight collaborates on new five-star resort in Dubai

Leading international construction consultancy Linesight recently celebrated the opening of Marriott's W Dubai – The Palm, for which it provided a range of consultancy services. Linesight - which came on board at the concept stage of the hospitality project in 2012 &nda


Kuwait's mega tennis complex on track for 2019 opening

Global architecture group CallisonRTKL said steady progress was being made on the 263,430-sq-m Sheikh Jaber Al Abdullah Al Jaber Al Sabah International Tennis Complex, which is expected to elevate Kuwait to be among the Middle East’s preferred destinations for the international profession


L&T Hydrocarbon Engineering wins major Algeria contract

Indian multinational L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a mega order from Sonatrach-Algeria.    The engineering, procurement, construction and commissioning (EPCC) contract is to set up three ce


Investcorp acquires multifamily US properties for $330m

Bahrain-based Investcorp, a leading global provider and manager of alternative investment products, has  announced that its US-based real estate investment team had acquired eight new multifamily properties across the country for a total purchase price of $330 million. The p


Imkan to turn Abu Dhabi park into an open-air green space

UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional green space. Construction at the park, with an area of 46,000 sq m is well under way with


Bin Faqeeh signs up for Gulf Property Show 2019

Bin Faqeeh Real Estate, a leading private investment company based in Bahrain, has signed up as a strategic partner for the upcoming Gulf Property Show 2019, the dedicated boutique showcase for real estate development in the Northern Gulf. Gulf Property Show 2019, the Northern Gulf&rsq


Emaar unveils key phase of Dubai Expo 2020 villas

Leading UAE developer Emaar has announced the launch of the Phase Three of Expo Golf Villas, a limited collection of three and four-bedroom premium villas located right next to an 18-hole championship golf course near Expo 2020 site in Dubai. The Emaar move comes following the se


Majid Al Futtaim set to to launch AI-powered platform

Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced that the AI-powered Omega platform will be rolled out in the region for the first time in English and Arabic through Majid Al Futtaim’s Carrefour and V


Etihad Rail invites bids for design-and-build services

Etihad Rail, the developer the developer and operator of the UAE's integrated railway network, has invited prequalification bids from leading contractors to provide design-and-build services for freight facilities across its entire network. Upon completion, the rail network,

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