Sunday 27 May 2018

Dewa seeks consultants for water reservoir project

Dubai Electricity and Water Authority (Dewa) has invited tenders from leading consultancy services for the design and construction of a 30-million-gallon water reservoir in the Hatta region of the emirate. Dubai's government utility had early this year awarded a consultancy c


New Jeddah airport soft opening postponed to May-end

The soft opening of the new King Abdul Aziz International Airport in Jeddah has been postponed to the end of May following the need for further technical testing to ensure complete safety, said a report. The General Authority of Civil Aviation (GACA) has started to carry out tech


Equitativa acquires French school in Dubai

Equitativa, the largest REIT (real estate investment trust) manager in the GCC, has signed a buy and lease-back agreement with French school group Lycée Français Jean Mermoz in a bid to boost its REIT’s education sector portfolio to Dh875 million ($238 million).


City Centre Bahrain opens refurbished parking facility

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has opened a completely refurbished parking at City Centre Bahrain’s basement level, featuring new facilities for families, motorcyclists, visitors with limited mo


Egyptian developer Sodic net profit up 41pc

Sixth of October Development & Investment Company (Sodic), a leading Egyptian developer, said it has begun 2018 on a solid note with exceptionally strong profitability and land bank developments shaping the first three months of the year. Announcing the results for the quarte


SpEC breaks ground on new Dubai factory

Speciality Engineering Chemicals (SpEC), a leading UAE-based manufacturer of construction chemicals, has broken ground on its new factory and office extension project in the Jebel Ali Free Zone area of Dubai. SpEC is a manufacturing unit of Lebanese group Bardawil which has more than 6


Saudi developer Sreco eyes $640m capital hike

Al Akaria Saudi Real Estate Company (Sreco), a leading real estate developer in Saudi Arabia, said it has won approval from the company's board to double its share capital from SR1.2 billion ($320 million) to SR2.4 billion ($640 million). A Saudi joint stock company, Sreco is


$283m development projects coming up in Makkah

It is boom time for Saudi Arabia 's Makkah Province which is fast becoming one of the most attractive investment destinations in the kingdom with major project roll-outs under way, said experts at a key investment summit held recently in Jeddah. The latest plan features eight


Tecom Group registers sustainable growth in 2017

Tecom Group, a member of Dubai Holding, continued to show strong performance and sustainable growth in 2017, playing an integral role in Dubai’s diversification plan and consolidating its position as a global business hub. It plays a critical role in developing six vital no


Majid Al Futtaim JV unveils Sharjah community project

Sharjah Holding, a strategic partnership between Majid Al Futtaim - Properties and Sharjah Asset Management, has launched Uptown Al Zahia, the newest neighbourhood in Sharjah’s premier lifestyle destination - Al Zahia. The neighbourhood offers homes ranging from studios to

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