Thursday 28 May 2015
 
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Dubai Construction

Arabtec 2014 profit plunges 48pc on high costs

UAE-based Arabtec, a leading construction firm, on Sunday reported a net profit of Dh241.6 million ($65.7 million) for full-year 2014 versus Dh468.3 million ($127.4 million) in the previous year, marking a decrease of 48.4 per cent.

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Al Jaber unit wins contracts worth $1bn in Dubai

Abu Dhabi-based Alec, a subsidiary of Al Jaber Group, a multi-faceted group of companies, has won new contracts worth approximately Dh4 billion ($1.08 billion) in Dubai, UAE, in the last three months, a report said. Residences at

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GCC property sector facing 500,000 manpower gap

The GCC’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, a report said, adding that building and construction project management skills are most lacking among senior levels

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GCC construction facing 500,000 manpower gap

The GCC’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, a report said, adding that building and construction project management skills are most lacking among senior levels

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Dubai construction to maintain drive, say experts

Construction activity in Dubai is likely to continue with the same momentum in 2009 as before, due to lower construction costs and the need to continue with ongoing projects, industry experts said in a report. The slowdown has to be viewed

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