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Qatar’s real GDP growth to hit 6.8pc in 2014Qatar’s real GDP grew 6.5 per cent, spurred by double-digit growth in construction, wholesale trade and hospitality, and financial, real estate, and business services, said a report. Maintaining its strong growth momentum, t More… |
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GCC, Iraq plan $1 trillion infrastructure investmentSukuk could unlock financing for the region’s $1 trillion worth of infrastructure projects, as Saudi Arabia drives innovation in Islamic finance to support its development needs, stated senior experts ahead of one of the region’s mos More… |
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$40bn investment in Gulf airports likelyMiddle East airports have planned massive development projects to meet future demands, with the Gulf states alone investing about $40 billion in infrastrucutre, said the International Air Transport Association (Iata). By 2017, the More… |
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$1.3bn infrastructure investment firm set up in SaudiSaudi-based Abdulaziz Alsaghyir Holding Company has entered into a partnership with Abdul Mohsen Al Hokair Trading Group to set up a SR5 billion ($1.33 billion) company which aims to invest in infrastructure projects and services across the king More… |
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Qatar infrastructure spend to hit $24bn in 2014Qatar will witness a significant rise in project activity this year with contract awards for big infrastructure projects likely to hit $24 billion, said an expert ahead of an industry event in Doha. The Qatar’s projects mark More… |
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Arabtec to set up five new subsidiariesDubai-based builder Arabtec Holding , in which Abu Dhabi state fund Aabar owns a major stake, said on Sunday it would set up five new subsidiaries as it expands into new markets and infrastructure projects. The move follows Arabte More… |
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Qatar to spend up to $205bn on infrastructureQatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018, the acting head of project finance at the state's largest lender said, as the country invests its vast hydrocarbon wealth in a development boom. More… |
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Summit to probe project-infrastructure finance issuesPublic and private sector leaders from across the region will gather today in Bahrain for the 'Meed Project and Infrastructure Finance Conference'. Sponsored by the Finance Ministry and the Economic Development Board (EDB) More… |
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Kuwait fund to focus on infrastructure in WestKuwait's sovereign wealth fund, one of the world's largest, will focus on increasing its infrastructure investments in British, US and European markets and is also looking at the international real estate sector, its managing director sa More… |
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$171m spent on infrastructure projects in BahrainAround BD66 million ($171.7 million) was spent in Bahrain on 71 infrastructure projects last year, it was revealed yesterday. Seventy-seven projects worth around BD116 million were also put out to tender, said a report in the Gulf More… |
