Sunday 5 July 2015
 
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Arabtec eyes funding for big Egypt housing project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final dea

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17pc regional ‘new wealth builders’ earn from real estate

About 78 per cent of new wealth builders (NWB) in the Middle East do not consider themselves wealthy, with 17 per cent of them having earned their wealth from real estate investments and land developments, according to a report. T

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Arabtec to start work on Egypt housing project

UAE-based builder Arabtec will start signing up Egyptian companies for its ambitious residential project that will see the development of one million housing units across the country, said a report. The work on the first phase of

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BASF unveils Master Builders Solutions in Kuwait

BASF, a leading supplier of construction chemicals in the GCC, has unveiled its Master Builders Solutions in Kuwait. It also presented its tiling and screeds solutions, along with other technologies such as admixture and construct

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New delays hit $7bn Aramco refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in Jizan in southwest Saudi Arabia, industry sources said. Desp

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Row with Korean builder hits refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction (SK E&C) is delaying construction of a 400,000-barrel-per-day (bpd) oil refinery in Jizan in southwest Saudi Arabia, industry sources said.

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder wins $184m university contracts

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Company said it has won three contracts from the Ministry of Higher Education worth a total SR689 million ($184 million). Al Khodari will build facilities

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Saudi builder wins $184m university contracts

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Company said it has won three contracts from the Ministry of Higher Education worth a total SR689 million ($184 million). Al Khodari will build facilities

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