Bahrain's plans to invest more than $22 billion in various projects, under the GCC Development Programme, will have a positive effect on its economy and the labour market, the Crown Prince said last night.
The construction company at the centre of Dubai's stock market meltdown, Arabtec, sought to calm investors on Wednesday by saying it still had the backing of a key government shareholder and would rein in lavish salaries to reduce costs.
Qatar's economic growth rebounded to 6.2 per cent on an annual basis in January-March after a slowdown in the final quarter of 2013 as a double-digit surge in construction activity helped offset a decline in hydrocarbons, data showed on Mond
A restructuring of major Dubai construction firm Arabtec will not damage its ability to proceed with its expansion plans, chairman Khadem Abdulla al-Qubaisi said in a statement on Wednesday.
Qubaisi issued the statement to the Dub
Lack of co-operation between government bodies could affect the implementation of key projects, according to a top official.
Capital Governor Shaikh Hisham bin Abdulrahman Al Khalifa said despite ongoing efforts, ministries had to
KMC, a leading integrated contracting, project management and property developer, has announced the setting up of its new regional headquarters in Bahrain.
Located in the Seef district, the office premises have been established at
With a combined value of close to $240 billion, Dubai’s biggest real estate projects will massively redefine the emirate’s landscape in the next decade, said a report.
The biggest in terms of value is Meraas Holdings&r
Construction projects across all building sectors worth $128.46 billion are expected to be completed in the GCC by end of this year, hitting a 92.06 per cent increase compared to 2013 ($66.89 billion), a report said.
The UAE led the GCC with four major wins at the 'MEED Quality Awards for Projects 2014' followed by Bahrain and Saudi Arabia with three regional winners apiece.
Oman and Qatar had one award-winning project each, stated MEE