Friday 14 December 2018
 
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CCC named top international contractor in Mideast

Consolidated Contractors Company (CCC) has been named the number one international contractor in the Middle East for 2018 - marking four years running, according to ENR's Top 250 International Contractors report for 2018.   

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Arabtec records three-fold growth in Q1 net profit

Arabtec Holding, a leading contractor for social and economic infrastructure, has registered a three-fold growth in its net profit for the first quarter which rose to Dh63.6 million ($17.3 million) from Dh17.6 million ($4.7 million) for the same

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Crane crash: Abu Dhabi suspends projects of contractor, consultant

The Abu Dhabi City Municipality has suspended, until further notice, the operations of the contractor, consultant and subcontractor, involved in the crane collapse incident at an under-construction building, last week, said a report. Th

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Drake & Scull to issue convertible sukuk in Q2

Drake & Scull International (DSI), a leader in engineering and construction services, said that it is targeting to issue a sukuk convertible into equity in the second quarter of 2018. The announcement comes following a DSI boa

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UK construction group Carillion collapses as key talks fail

The construction firm Carillion, which has key operations in the Middle East region, has gone into compulsory liquidation, putting tens of thousands of jobs at risk, said a report. A British company, Carillion is involved in a host of m

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BAM named main contractor for Yas Bay Arena project

UAE-based Miral, which oversees the development of Yas Island in Abu Dhabi, has appointed BAM International, one of Europe's largest contracting firms, to build an arena, plaza and the nearby retail and F&B (food and beverage) outlets pl

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Itinera Ghantoot seals $1.2bn Reem Mall contract

The Reem Mall consortium has signed up Itinera Ghantoot as lead contractor for its $1.2-billion shopping, leisure and entertainment project coming up in capital Abu Dhabi. Itinera Ghantoot is a joint venture between top Italian co

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Itinera Ghantoot seals $1.2bn Reem Mall contract

The Reem Mall consortium has signed up Itinera Ghantoot as lead contractor for its $1.2-billion shopping, leisure and entertainment project coming up in capital Abu Dhabi. Itinera Ghantoot is a joint venture between top Italian co

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Top contractor Arabtec swings to Q3 net profit

Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, has registered a net profit of Dh18 million ($4.9 million) for the third quarter compared to a net loss of Dh226 million ($61.5 million) for the same period

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Drake & Scull to elect new board

Drake & Scull International, a regional market leader in engineering and related services, has announced that it will elect a new set of board of directors during its general assembly scheduled later this year.  

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