Friday 22 August 2014
 
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Construction projects worth $212bn under way in UAE

The volume of announced and planned projects in the UAE in 2014 is expected to be worth $315 billion, and as of May 2014, $212 billion worth of construction projects were under construction, a new report said. The UAE’s cons

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Bahrain approves $1.6bn infrastructure projects

Bahrain has approved 674 new infrastructure projects this year, worth BD640 million ($1.6 billion), it was revealed. The projects are part of plans for major urban development with improved sustainable infrastructure, said a repor

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Bahrain approves $1.6bn infrastructure projects

Bahrain has approved 674 new infrastructure projects this year, worth BD640 million ($1.6 billion), it was revealed. The projects are part of plans for major urban development with improved sustainable infrastructure, said a repor

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Kuwait eyes $28bn PPP projects in new plan

Kuwait plans to establish public - private partnership (PPP) projects worth KD8 billion ($28.17 billion) under the new five-year development plan announced recently. The Kuwait Development Plan (KDP) for 2015-2020 will also focus

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Drake & Scull profit, revenue drop in H1

Drake & Scull International (DSI), has reported total revenues of Dh2.353 billion ($640.62 million) and a  net profit of Dh71.7 million ($19.52 million) for the first half of 2014, representing a top line and bottom line decrease of 8.3

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HUGE JUMP: GCC infrastructure deals to soar 80pc

Infrastructure project awards across the six Gulf Cooperation Council (GCC) states are forecast to exceed $86 billion in 2014, an increase of 77.8 percent over 2013, a new report has said. New figures released by construction inte

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GCC construction deals to hit $195bn

The GCC construction projects are forecast to reach $195.67 billion this year, up nearly $35 billion compared to last year, said a report.   The building and infrastructure sectors’ awards will make up $134

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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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