Sunday 14 February 2016
 
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Saudi ACWA Power plans to raise $8bn debt

Saudi Arabia's ACWA Power plans to raise $8 billion of debt in the first half of this year to finance projects that will help to boost its generating capacity by a third by the end of 2016, its CEO told Reuters.  

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Saudi contractor Khodari eyeing private projects

Saudi contractor Abdullah A M Al Khodari & Sons (Al Khodari), whose value of government contracts fell by almost half last year, is targeting more private-sector work and deals in the GCC and Africa after cutting 8,000 jobs last year,

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Saudi builders delay pay amid state spending clampdown

Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low oil prices, which are causing the government to slow spending on building projects. In an un

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Dubai sees big demand for new projects ahead of Expo 2020

With Dubai running a series of mega projects, the emirate's property sector is projected to see a ramp up in 2018, thanks to a growing demand for new apartments ahead of Expo 2020, said an expert. The three-year supply pipelin

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UAE unveils $1m global water award

The UAE Water Aid Foundation has launched the $1-million Mohammed bin Rashid Al Maktoum Global Water Award for innovative projects and organisations aiming to find sustainable solutions to tackle the issue of water scarcity using solar energy fo

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Engineering experts discuss BIM role in Mena projects

Leading engineering experts discussed the use of building information modelling (BIM) technology in improving architectural and construction capabilities in the Middle East and North Africa (Mena) region at key seminar hosted by Mercury Mena, an

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Saudi Arabia inks key water, sanitation projects

Saudi government has signed 39 contracts worth more than SR534 million ($68 million) for the implementation of water and sanitation projects across the kingdom, said a report. These projects include maintenance of water and sewage

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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Damac unveils key golf course projects

Luxury real estate developer Damac Properties is showcasing its managed real estate portfolio of luxurious hotel apartments and golf course communities at the ongoing Dubai Property Show in Hong Kong. The event is organised in ass

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