Saturday 12 July 2014
 
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Bahrain to invest $22bn in projects

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.  

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Arabtec enjoys crucial Aabar backing, says CEO

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.

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Qatar sees construction sector spearhead growth

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

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Arabtec calms markets, says restructuring won't hurt projects

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

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Joint action 'vital for key projects'

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

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KMC sets up regional HQ in Bahrain

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

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Saudi housing projects ‘might reduce rents’

Saudi Arabian residents are awaiting the completion of the Ministry of Housing’s projects, which is expected to contribute to reducing of housing units in the kingdom’s major cities, said a report.  

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$240bn projects to redefine Dubai landscape

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

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GCC construction projects to double this year

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 expected

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UAE projects win big at MEED quality awards

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

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